Chang Ho Fibre Corp (1468) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Chang Ho Fibre Corp TWD 5.32, price TWD 13.20, upside -59.7%, quality 49 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Chang-Ho Fibre Corporation, together with its subsidiaries, engages in the manufacture and sale of various types of fibers in Taiwan and China. The company offers ultra-fine and super-micro fibers, and dyed and finished fabrics, as well as micro and ultra-microfiber yarns.
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Chang-Ho Fibre Corporation, together with its subsidiaries, engages in the manufacture and sale of various types of fibers in Taiwan and China. The company offers ultra-fine and super-micro fibers, and dyed and finished fabrics, as well as micro and ultra-microfiber yarns. It is also involved in investment business; and development and sale of residential and commercial buildings. The company was founded in 1982 and is based in Taipei, Taiwan.
Stock analysis
Chang Ho Fibre Corp (1468) currently trades at 13.20 TWD, while our model-based Fair Value estimate is 5.32 TWD, implying the stock looks roughly 148.1% overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 8.56 TWD per share, and 0 of the 19 models we run sit above the 13.20 TWD price.
Bear case: the Earnings-Based group reads lowest at 1.75 TWD, and 19 of the 19 models stay below the price. Evidence for this calculation is low.
Quality & growth
The Quality Score stands at 49/100 (below-average quality), in the Consumer Cyclical sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Chang Ho Fibre Corp reported revenue of 827M TWD in FY2025 versus 1.1B TWD in FY2021, a compound −7.7%/yr. Reported net income was 33.7M TWD in FY2025, compounding +24.5%/yr from FY2021.
Key figures
Market cap 2.1B TWD (≈ $66.7M) · P/E ratio 62.9 · P/S ratio 2.56 · EPS (TTM) 0.2100 TWD · Net margin 4.1% · Return on equity 0.9% · Return on assets (EBIT) 0.0% · Operating margin 5.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 27 out of 100 (low confidence).
What moves the price
The share trades about 12% below its 52-week high and 17% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −21% fair-value upside, at −60%, 1468 screens richer than that median.
Fair Value models
Bear 5.32 TWDFair Value 5.32 TWDBull 5.32 TWD
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.1542 TWD per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−23.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−16.3%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−3.0%
Start year 2020 (pandemic). Over 10 years: +3.6% a year
Revenue growth 23 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−1.4%
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What shareholders gained per year (last 5 years), in TWD ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in TWD: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+15.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+15.5%
Dividend (yield on the price)0.0%
Profit margin 2019 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.7% → 0%
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+12.7%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +10.9% a year for the price.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Textile Manufacturing · 344 stocks
Beats the industry median on 3/12 measures
Overall it trails its industry peers.
Valuation
Quality Score49 · Below median
Fair Value upside−60% · Bottom 25%
Profitability
Return on equity (TTM)1% · Below median
Return on assets0% · Bottom 25%
Net margin (TTM)3% · Above median
Operating margin (TTM)5% · Above median
Growth and dividend
Revenue growth−48% · Bottom 25%
Balance sheet
Debt / equity0.23× · Above median
Valuation Multiplesvs Textile Manufacturing median · lower = cheaper
P/E (TTM)62.9× · Priciest 25%
P/B1.50× · Pricier than median
P/S (TTM)2.99× · Priciest 25%
P/FCF0.4× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 11
FUTURE (revenue growth)0· sector 0
PAST (return on equity)4· sector 15
HEALTH (low debt)89· sector 95
DIVIDEND (yield)0· sector 37
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Chang Ho Fibre Corp Fair Value". https://www.fairvalue-calculator.com/stock/1468
Frequently asked questions
Is Chang Ho Fibre Corp (1468) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 5.32 TWD versus a price of 13.20 TWD, about −60% upside (overvalued).
What is the fair value of 1468?
Our model-based fair value for Chang Ho Fibre Corp is 5.32 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 13.20 TWD.
What is the quality score of 1468?
Chang Ho Fibre Corp has a Quality Score of 49/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Chang Ho Fibre Corp (1468)?
Our model-based price target is the fair value of 5.32 TWD (as of Sep 24, 2026) from 19 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the Chang Ho Fibre Corp stock forecast for 2026?
Our models put fair value at 5.32 TWD, about −60% upside versus a price of 13.20 TWD (overvalued). The calculation is refreshed regularly with new filings.
What is the revenue of Chang Ho Fibre Corp (1468)?
Chang Ho Fibre Corp reported trailing-twelve-month revenue of about 709M TWD (latest available figure, as of Sep 24, 2026).
What growth is priced into Chang Ho Fibre Corp (1468)?
For today's price to be fair in a discounted-cash-flow model, Chang Ho Fibre Corp would have to grow free cash flow by +12.7 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -3.0 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 1468 use?
Our models discount Chang Ho Fibre Corp at 11.8 %: a base by market capitalisation (micro), damped by beta 0.51, country premium for Taiwan. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Chang Ho Fibre Corp that is +12.7 % per year a year over ten years, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Chang Ho Fibre Corp (1468) delivered so far?
Over the past 5 years revenue at Chang Ho Fibre Corp grew -3.0 % a year. The price currently implies +12.7 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Chang Ho Fibre Corp (1468) growing?
The median revenue growth in the sector is +2.6 % a year. That is the yardstick for the growth priced into Chang Ho Fibre Corp (+12.7 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Chang Ho Fibre Corp (1468)?
The free-cash-flow yield on the price is 7.65 %: that much free cash flow Chang Ho Fibre Corp produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Chang Ho Fibre Corp (1468)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Chang Ho Fibre Corp it is 5.32 TWD per share (as of Sep 24, 2026), against a price of 13.20 TWD. It is the blended result of 19 valuation models (cash flow, earnings, asset, dividend).
Is Chang Ho Fibre Corp stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 1468 trades above its calculated fair value: price 13.20 TWD, fair value 5.32 TWD, a gap of about −60% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 1468?
No. The price is what the market pays today (13.20 TWD); the fair value is what the company's own numbers justify (5.32 TWD). For Chang Ho Fibre Corp the two are 7.88 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Chang Ho Fibre Corp worth?
The market values Chang Ho Fibre Corp at about 2.1B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 13.20 TWD; our models calculate a fair value of 5.32 TWD per share.
What is the P/E ratio of 1468?
Chang Ho Fibre Corp trades at a price-to-earnings ratio of 62.9 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 5.32 TWD is built from several models across several years. Other multiples: P/B 1.5, P/S 3.0.
How solid is the balance sheet of Chang Ho Fibre Corp (1468)?
Balance-sheet figures for Chang Ho Fibre Corp (as of Sep 24, 2026): return on equity 0.9%, debt of 0.23 per unit of equity. They feed the Quality Score of 49/100, which measures business quality independently of the share price.
How far is 1468 from its 52-week high?
Chang Ho Fibre Corp trades at 13.20 TWD, about 12% below its 52-week high of 14.95 TWD and 17% above the low of 11.30 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 5.32 TWD is for.
Which stocks are comparable to Chang Ho Fibre Corp?
From the same area (Consumer Cyclical) we also value Shenzhou International Group, Tongkun Group, Inner Mongolia ERDOS Resources Co, K.P.R. Mill Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Chang Ho Fibre Corp stock attractive at the current price?
The data as of Sep 24, 2026: price 13.20 TWD, calculated fair value 5.32 TWD (−60%), Quality Score 49/100, from 19 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 1468 calculated?
We run Chang Ho Fibre Corp through 19 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 5.32 TWD, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.0 % above its aggregate fair value. Chang Ho Fibre Corp itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Chang Ho Fibre Corp (1468)?
The closing price on Sep 24, 2026 was 13.20 TWD. Our model-based fair value is 5.32 TWD, about −60% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Chang Ho Fibre Corp right now?
The price sits above even our optimistic bull case (5.32 TWD). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Chang Ho Fibre Corp
How large is the market capitalisation of Chang Ho Fibre Corp (1468)?
The market capitalisation of Chang Ho Fibre Corp is 2.1B TWD (≈ $66.7M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Chang Ho Fibre Corp (1468)?
The price-to-sales ratio of Chang Ho Fibre Corp is 2.56 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Chang Ho Fibre Corp (1468)?
Earnings per share at Chang Ho Fibre Corp are 0.2100 TWD (price ÷ EPS = P/E 62.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Chang Ho Fibre Corp (1468)?
The net margin of Chang Ho Fibre Corp is 4.1% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Chang Ho Fibre Corp (1468)?
The return on equity (ROE) of Chang Ho Fibre Corp is 0.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Chang Ho Fibre Corp (1468)?
On an EBIT basis the return on assets of Chang Ho Fibre Corp is 0.0% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Chang Ho Fibre Corp (1468)?
The operating margin of Chang Ho Fibre Corp is 5.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Chang Ho Fibre Corp (1468)?
Revenue at Chang Ho Fibre Corp is growing −48.2% versus a year earlier (3y avg −16.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Chang Ho Fibre Corp (1468)?
Earnings per share at Chang Ho Fibre Corp are growing −34.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Chang Ho Fibre Corp (1468) carry?
The net debt of Chang Ho Fibre Corp is 914M TWD (fiscal year 2025, ≈ 5.6 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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