Kaulin Mfg (1531) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Kaulin Mfg TWD 20.53, price TWD 11.65, upside +76.2%, quality 64 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 10.65 TWD – 17.70 TWD · fair‑value band 16.74 TWD – 23.55 TWD · the 11.65 TWD price screens below the 20.53 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Kaulin Mfg. Co., Ltd. engages in the manufacture, assembly, and sale of various industrial sewing machines and related components in Taiwan, China, India, Japan, Asia, Latin America, and internationally.
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Kaulin Mfg. Co., Ltd. engages in the manufacture, assembly, and sale of various industrial sewing machines and related components in Taiwan, China, India, Japan, Asia, Latin America, and internationally. The company offers overlock, interlock, lockstitch, multi-needle/picoting chainstitch, computer-controlled cycle, 4-needle 6-thread flatseamer, and other sewing machines. It also provides electronic buttonhole, bartack, and button sewing machines, as well as automatic sewing equipment. Its machines are used in various products, such as knitwear, jeans, and sportswear. Kaulin Mfg. Co., Ltd. was founded in 1965 and is based in Taipei, Taiwan.
Stock analysis
Kaulin Mfg (1531) currently trades at 11.65 TWD, while our model-based Fair Value estimate is 20.53 TWD, implying the stock looks roughly 43.3% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 20.89 TWD per share, and 9 of the 10 models we run sit above the 11.65 TWD price.
Bear case: the Multiples group reads lowest at 8.68 TWD, and 1 of the 10 models stay below the price. Evidence for this calculation is low.
Scenario range: 16.74 TWD (bear) to 23.55 TWD (bull), the price of 11.65 TWD sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 64/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Kaulin Mfg reported revenue of 1.5B TWD in FY2025 versus 2.9B TWD in FY2021, a compound −15.7%/yr. Reported net income was −21.3M TWD in FY2025.
Key figures
Market cap 2.4B TWD (≈ $74.8M) · P/S ratio 1.66 · EPS (TTM) −0.1200 TWD · Net margin −1.4% · Return on equity −1.3% · Return on assets (EBIT) 0.6% · Operating margin −6.5% · Revenue (TTM) 1.4B TWD.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 15% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −49% fair-value upside, at 76%, 1531 screens cheaper than that median.
Fair Value models
Bear 16.74 TWDFair Value 20.53 TWDBull 23.55 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.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.24/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−8.9%
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.
−10.8%
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.
−1.5%
Start year 2020 (pandemic). Over 10 years: −5.2% a year
Revenue growth 25 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%
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Profit margin (trend) ⓘ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.
−5.0% (2020) → −2.8% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
Little optimism in the price
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).
less than -40 %
Yearly growth needed for the next five years to justify today's 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.Specialty Industrial Machinery · 827 stocks
Beats the industry median on 4/9 measures
A mixed picture versus its industry peers.
Valuation
Quality Score64 · Top 25%
Fair Value upside+76% · Top 25%
Profitability
Return on assets−1% · Bottom 25%
Net margin (TTM)−3% · Bottom 25%
Operating margin (TTM)−7% · Bottom 25%
Growth and dividend
Revenue growth−15% · Bottom 25%
Dividend yield (TTM)0.0% · Bottom 25%
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
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). "Kaulin Mfg Fair Value". https://www.fairvalue-calculator.com/stock/1531
Frequently asked questions
Is Kaulin Mfg (1531) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 20.53 TWD versus a price of 11.65 TWD, about +76% upside (undervalued).
What is the fair value of 1531?
Our model-based fair value for Kaulin Mfg is 20.53 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 11.65 TWD.
What is the quality score of 1531?
Kaulin Mfg has a Quality Score of 64/100. 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 Kaulin Mfg (1531)?
Our model-based price target is the fair value of 20.53 TWD (as of Sep 24, 2026) from 10 valuation models. Cautious scenario 16.74 TWD, optimistic scenario 23.55 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Kaulin Mfg stock forecast for 2026?
Our models put fair value at 20.53 TWD, about +76% upside versus a price of 11.65 TWD (undervalued). Cautious scenario 16.74 TWD, optimistic scenario 23.55 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Kaulin Mfg (1531)?
Kaulin Mfg reported trailing-twelve-month revenue of about 1.4B TWD (latest available figure, as of Sep 24, 2026).
What growth is priced into Kaulin Mfg (1531)?
For today's price to be fair in a discounted-cash-flow model, Kaulin Mfg would have to grow free cash flow by less than minus 40 % 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 -1.5 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 1531 use?
Our models discount Kaulin Mfg at 11.8 %: a base by market capitalisation (micro), damped by beta 0.05, 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 Kaulin Mfg that is less than minus 40 % 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 Kaulin Mfg (1531) delivered so far?
Over the past 5 years revenue at Kaulin Mfg grew -1.5 % a year. The price currently implies less than minus 40 % 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 Kaulin Mfg (1531) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into Kaulin Mfg (less than minus 40 % 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 Kaulin Mfg (1531)?
The free-cash-flow yield on the price is 16.18 %: that much free cash flow Kaulin Mfg 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 Kaulin Mfg (1531)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kaulin Mfg it is 20.53 TWD per share (as of Sep 24, 2026), against a price of 11.65 TWD. It is the blended result of 10 valuation models (cash flow, earnings, asset, dividend).
Is Kaulin Mfg stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 1531 trades below its calculated fair value: price 11.65 TWD, fair value 20.53 TWD, a gap of about +76% (undervalued). 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 1531?
No. The price is what the market pays today (11.65 TWD); the fair value is what the company's own numbers justify (20.53 TWD). For Kaulin Mfg the two are 8.88 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Kaulin Mfg worth?
The market values Kaulin Mfg at about 2.4B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 11.65 TWD; our models calculate a fair value of 20.53 TWD per share.
What do the bullish and bearish scenarios say about 1531?
Our models span a range for Kaulin Mfg: cautious scenario 16.74 TWD, base 20.53 TWD, optimistic 23.55 TWD per share (as of Sep 24, 2026, price 11.65 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Kaulin Mfg (1531)?
Balance-sheet figures for Kaulin Mfg (as of Sep 24, 2026): return on equity −1.3%. They feed the Quality Score of 64/100, which measures business quality independently of the share price.
How far is 1531 from its 52-week high?
Kaulin Mfg trades at 11.65 TWD, about 15% below its 52-week high of 13.70 TWD and 4% above the low of 11.25 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 20.53 TWD is for.
Which stocks are comparable to Kaulin Mfg?
From the same area (Industrials) we also value GE Vernova Inc, SIE, Eaton Corporation, Parker-Hannifin Corporation, 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 Kaulin Mfg stock attractive at the current price?
The data as of Sep 24, 2026: price 11.65 TWD, calculated fair value 20.53 TWD (+76%), Quality Score 64/100, from 10 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 1531 calculated?
We run Kaulin Mfg through 10 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 20.53 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. Kaulin Mfg currently trades 76 % below its own fair value, and the market average says nothing about that. 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 Kaulin Mfg (1531)?
The closing price on Sep 24, 2026 was 11.65 TWD. Our model-based fair value is 20.53 TWD, about +76% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kaulin Mfg right now?
The price is below even our cautious bear case (16.74 TWD). The market is more pessimistic than our downside scenario. 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 quality (64/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Kaulin Mfg
How large is the market capitalisation of Kaulin Mfg (1531)?
The market capitalisation of Kaulin Mfg is 2.4B TWD (≈ $74.8M). 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 Kaulin Mfg (1531)?
The price-to-sales ratio of Kaulin Mfg is 1.66 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Kaulin Mfg (1531)?
Earnings per share at Kaulin Mfg are −0.1200 TWD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Kaulin Mfg (1531)?
The net margin of Kaulin Mfg is −1.4% (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 Kaulin Mfg (1531)?
The return on equity (ROE) of Kaulin Mfg is −1.3% (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 Kaulin Mfg (1531)?
On an EBIT basis the return on assets of Kaulin Mfg is 0.6% (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 Kaulin Mfg (1531)?
The operating margin of Kaulin Mfg is −6.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kaulin Mfg (1531)?
Revenue at Kaulin Mfg is growing −15.4% versus a year earlier (3y avg −10.8%). 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 Kaulin Mfg (1531)?
Earnings per share at Kaulin Mfg are growing −82.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Kaulin Mfg (1531) hold?
Kaulin Mfg holds more cash than debt, 833M TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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