EN DE

Namchow Holdings (1702) Fair Value & Analysis

Consumer Defensive · TW · Market cap 8.4B TWD

NH Namchow Holdings 1702 · TW
Price33.35 TWD
Fair Value16.12 TWD
Upside-51.7%
Quality26/100
Watch Namchow Holdings for free, get notified when fair value or trend changes. Watch for free
Expensive Growth
Thin margins · 0.8% net margin
Low debt · negative free cash flow
4.75% dividend yield
Trails peers (4/13)
Narrow moat 26/100
Evidence: Medium Range 12.10 TWD – 20.16 TWD Share as image

Fair value as of: Jul 21, 2026

From 16 valuation models · updated 21 days ago

Share price +2.3% over the past month.

Below-average quality, and screening another 52% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (20.16 TWD). The favourable scenario is already priced in.
  • Weak quality (26/100) and above fair value at the same time, the margin of safety is missing on both counts.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

66.40 TWD 30.80 TWD Fair Value 16.12 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

60‑month range 30.80 TWD – 66.40 TWD · fair‑value band 12.10 TWD – 20.16 TWD · the 33.35 TWD price screens above the 16.12 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 21, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Namchow Holdings (1702) currently trades at 33.35 TWD, while our model-based Fair Value estimate is 16.12 TWD, implying the stock looks roughly 51.7% overvalued today. The Quality Score stands at 26/100 (below-average quality), in the Consumer Defensive sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Namchow Holdings generated revenue of 23.1B TWD at a net margin of 0.8%. Revenue declined 0.7% year over year. It earns a return on equity of 2.1%. Net debt stands at 6.8B TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 12.10 TWD (bear case) to 20.16 TWD (bull case); at 33.35 TWD, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 20% below its 52-week high and 10% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -3% fair-value upside, at -52%, 1702 screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

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
Highest evidence
Residual Income 34.09 TWD 32.96 TWD 26.41 TWD 76
ROIC Compounder 9.03 TWD 10.74 TWD 12.22 TWD 72
Gordon GGM 27.62 TWD 55.03 TWD 83.33 TWD 70
All 16 models by family
Earnings-Based
Graham-Dodd 7.59 TWD 22.22 TWD 29.36 TWD 54
Lynch FV 4.63 TWD 6.62 TWD 8.60 TWD 50
PEG = 1.0 4.63 TWD 6.62 TWD 8.60 TWD 46
EPV 9.03 TWD 10.74 TWD 12.22 TWD 59
Dividend Discount
Gordon GGM 27.62 TWD 55.03 TWD 83.33 TWD 70
DDM Multi-Stage 27.62 TWD 43.71 TWD 58.08 TWD 61
Multiples
P/E Multiple 17.58 TWD 23.44 TWD 29.30 TWD 63
P/S Multiple 14.23 TWD 18.97 TWD 23.72 TWD 58
P/B Multiple 14.23 TWD 18.97 TWD 23.72 TWD 55
EV/EBIT 28.06 TWD 38.01 TWD 47.97 TWD 53
EV/EBITDA 63.34 TWD 85.05 TWD 106.75 TWD 54
EV/Revenue 19.52 TWD 28.65 TWD 37.78 TWD 43
Asset-Based
NCAV (Graham) 24.17 TWD 32.38 TWD 48.33 TWD 50
Economic Profit
Residual Income 34.09 TWD 32.96 TWD 26.41 TWD 76
ROIC Compounder 9.03 TWD 10.74 TWD 12.22 TWD 72
Growth Earnings
Growth-Adj P/E 14.24 TWD 20.34 TWD 26.44 TWD 68

Widest divergence: Dividend Discount (43.71 TWD) versus Earnings-Based (6.62 TWD). Highest evidence: Residual Income (76).

Notify me when 1702 reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) 23.1B TWD
Revenue growth (YoY) -0.7%
Net margin 0.8%
Return on equity 2.1%
Free cash flow −1.7B TWD FY2025
P/E ratio 28.3
More key figures
Operating margin 1.2%
EPS (TTM) 1.12 TWD
Dividend yield 5.1%
EPS growth (YoY) -76.9%
Net debt 6.8B TWD FY2025

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 26/100

Of which business quality 29 · Market factors (momentum, volatility) 47

Profitability 28
Margins and returns on capital today
Quality Growth 16
Are margins and returns improving?
Cashflow 27
Earnings quality: real cash, not paper profit
Fin. Strength 38
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 28
Price trend over the last 3–12 months (market factor)
52W Momentum 21
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Namchow Holdings Co., Ltd., together with its subsidiaries, manufactures, processes, and sells edible and non-edible oil, frozen prepared food, and dish and laundry liquid detergent products in Taiwan, China, and Thailand.

Full company description

Namchow Holdings Co., Ltd., together with its subsidiaries, manufactures, processes, and sells edible and non-edible oil, frozen prepared food, and dish and laundry liquid detergent products in Taiwan, China, and Thailand. The company operates through Edible and Non-Edible Oil Products; Detergent Products; Frozen Dough; Ice Cream Products; Foods; Catering; and Management, Rental Revenue and Others segments. It offers various ice cream, instant noodles, and rice crackers; and imports and retails liquor products; operates restaurants; and provides business management and investment consulting services. The company was formerly known as Namchow Chemical Industrial Co., Ltd. and changed its name to Namchow Holdings Co., Ltd. in August 2017. Namchow Holdings Co., Ltd. was incorporated in 1952 and is headquartered in Taipei City, Taiwan.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Namchow Holdings reported revenue of 23.2B TWD in FY2025 versus 19.9B TWD in FY2021, a compound +3.9%/yr. Reported net income was 277M TWD in FY2025, compounding −28.7%/yr from FY2021.

Growth Quality 32/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
23.2B TWD
Latest YoY
−2.4%
Avg. growth/yr (3Y) 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.
+4.2%
Avg. growth/yr (5Y) 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.
+5.6%
Avg. growth/yr (23Y) 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.
+7.6%
Revenue +3.9%/yr
FY21 19.9B TWD
FY22 20.5B TWD
FY23 22.7B TWD
FY24 23.7B TWD
FY25 23.2B TWD
Net income −28.7%/yr
FY21 1.1B TWD
FY22 560M TWD
FY23 1.0B TWD
FY24 1.0B TWD
FY25 277M TWD
Character of growth · EPS growth decomposed (2014-2025) −5.5 % p.a.
Revenue per share +2.6 pp

of which total revenue +4.6 pp · buybacks/dilution −2.0 pp

EBIT margin −8.6 pp
Tax rate −0.2 pp
Residual (interest, one-offs) +0.7 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

1702 screens 52% overvalued. Compare with Nestlé India Limited →

Share or link this analysis
For bloggers & editors: embed code + live data

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). "Namchow Holdings Fair Value". https://www.fairvalue-calculator.com/stock/1702

Peer Group

Packaged Foods · 649 stocks

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.

Quality Score 26 · Bottom 25%
Fair Value upside −52% · Bottom 25%
Return on equity (TTM) 2% · Below median
Return on assets 1% · Bottom 25%
Net margin (TTM) 1% · Below median
Operating margin (TTM) 1% · Bottom 25%
Revenue growth -1% · Below median
Dividend yield (TTM) 4.8% · Top 25%
Debt / equity 0.49× · Higher than 75% of peers

Valuation Multiples vs Packaged Foods median · lower = cheaper

P/E (TTM) 30.3× · Pricier than 75% of peers
P/B 0.70× · Cheaper than median
P/S (TTM) 0.36× · Cheaper than median
EV/EBITDA 6.6× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 28
FUTURE 0 · sector 20
PAST 8 · sector 27
HEALTH 76 · sector 96
DIVIDEND 95 · sector 47

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Packaged Foods stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Nestlé India Limited NESTLEIND ₹1,427 ₹362.37 -75%
Britannia Industries Limited BRITANNIA ₹5,413 ₹1,870 -65%
Tata Consumer Products Limited TATACONSUM ₹1,089 ₹327.27 -70%
PT Indofood CBP Sukses Makmur Tbk ICBP 6,650 IDR 15,757 IDR +137%
Samyang Foods Co 003230 1,139,000 KRW 1,010,543 KRW -11%
Patanjali Foods Limited PATANJALI ₹413.80 ₹157.04 -62%
Vietnam Dairy Products Joint Stock Company VNM 58,500 VND 68,259 VND +17%
PT Mayora Indah Tbk, MYOR 1,750 IDR 2,699 IDR +54%
PT Cisarua Mountain Dairy Tbk CMRY 4,490 IDR 4,355 IDR -3%
Nongshim Co 004370 348,500 KRW 530,619 KRW +52%

Compare Namchow Holdings with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Consumer Defensive stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Namchow Holdings (1702) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 16.12 TWD versus a price of 33.35 TWD, about −52% (overvalued).
What is the fair value of 1702?
Our model-based fair value for Namchow Holdings is 16.12 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 33.35 TWD.
What is the quality score of 1702?
Namchow Holdings has a Quality Score of 26/100. 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 revenue of Namchow Holdings (1702)?
Namchow Holdings reported trailing-twelve-month revenue of about 23.1B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 1702?
The net profit margin of Namchow Holdings is about 0.8%, meaning it keeps roughly 0.8% of revenue as net income. Based on the latest reported figures.
Does Namchow Holdings pay a dividend?
Namchow Holdings currently shows a dividend yield of about 5.10% relative to its recent price (as of Jul 21, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

14 days Pro free · no card

Track Namchow Holdings and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.