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China Man-Made Fiber Corporation (1718) Fair Value & Analysis

Financial Services · TW · Market cap 17.3B TWD

CM China Man-Made Fiber Corporation 1718 · TW
Price10.25 TWD
Fair Value1.28 TWD
Upside-87.5%
Quality23/100
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Weak Growth
Thin margins · 0.7% net margin
Moderate debt · generates free cash flow
Mixed vs. peers (5/12)
Narrow moat 41/100
Evidence: Medium Range 0.9690 TWD – 1.61 TWD Share as image

Fair value as of: Jul 21, 2026

From 6 valuation models · updated 21 days ago

Share price −27.8% over the past month.

Below-average quality, and screening another 87% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (1.61 TWD). The favourable scenario is already priced in.
  • Weak quality (23/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

15.20 TWD 5.56 TWD Fair Value 1.28 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 5.56 TWD – 15.20 TWD · fair‑value band 0.9690 TWD – 1.61 TWD · the 10.25 TWD price screens above the 1.28 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

China Man-Made Fiber Corporation (1718) currently trades at 10.25 TWD, while our model-based Fair Value estimate is 1.28 TWD, implying the stock looks roughly 87.5% overvalued today. The Quality Score stands at 23/100 (below-average quality), in the Financial Services 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, China Man-Made Fiber Corporation generated revenue of 43.9B TWD at a net margin of 0.7%. Revenue grew 2.1% year over year. It earns a return on equity of 8.1%. Net debt stands at 538M TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 0.9690 TWD (bear case) to 1.61 TWD (bull case); at 10.25 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 5% below its 52-week high and 80% above its 52-week low, currently above its 200-day average. For context, the median of 10 Financial Services peers we cover trades at 42% fair-value upside, at -87%, 1718 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.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (0.9700 TWD to 11.04 TWD). Read the values as a conservative anchor, not as a price target.
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 11.17 TWD 10.42 TWD 7.28 TWD 76
Gordon GGM 0.8900 TWD 0.9700 TWD 1.10 TWD 70
P/E Multiple 1.14 TWD 1.51 TWD 1.89 TWD 63
All 6 models by family
Dividend Discount
Gordon GGM 0.8900 TWD 0.9700 TWD 1.10 TWD 70
DDM Multi-Stage 0.8900 TWD 1.11 TWD 1.43 TWD 61
Multiples
P/E Multiple 1.14 TWD 1.51 TWD 1.89 TWD 63
P/B Multiple 1.14 TWD 1.51 TWD 1.89 TWD 55
Asset-Based
NCAV (Graham) 8.24 TWD 11.04 TWD 16.48 TWD 50
Economic Profit
Residual Income 11.17 TWD 10.42 TWD 7.28 TWD 76

Widest divergence: Asset-Based (11.04 TWD) versus Dividend Discount (0.9700 TWD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 43.9B TWD
Revenue growth (YoY) +2.1%
Net margin 0.7%
Return on equity 8.1%
Free cash flow 572M TWD FY2025
P/E ratio 102.2
More key figures
Operating margin 54.2%
EPS (TTM) 0.0900 TWD
EPS growth (YoY) +973%
Net debt 538M TWD FY2025

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

Quality Score breakdown

Overall quality 23/100

Of which business quality 27 · Market factors (momentum, volatility) 80

Profitability 11
Margins and returns on capital today
Quality Growth 17
Are margins and returns improving?
Cashflow 59
Earnings quality: real cash, not paper profit
Fin. Strength 21
Balance sheet, leverage, solvency risk
Investment 54
Disciplined investing over empire-building
Low Volatility 61
Calm price path (market factor)
Momentum 98
Price trend over the last 3–12 months (market factor)
52W Momentum 70
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

China Man-Made Fiber Corporation manufactures and sells man-made fibers, cellophane, polyamine fiber, polyester fiber, chemicals, and the raw materials in Taiwan.

Full company description

China Man-Made Fiber Corporation manufactures and sells man-made fibers, cellophane, polyamine fiber, polyester fiber, chemicals, and the raw materials in Taiwan. The company offers mono-ethylene glycol, di-ethylene glycol, and tri-ethylene glycol; ethylene oxide; nonyl-phenol; and fiber products, such as polyester spin drawn, polyester partially oriented, and polyester drawn textured yarns, as well as polyester chips. It is also involved in developing, manufacturing, buying, and selling of machinery; distributing, sorting, and storage of various products; leasing and selling of national housing and commercial buildings; trades in fresh foods, vegetables, fish, dried merchandise, and various seasonings; production and sale of steam and industrial power generated by cogeneration; agency and distribution of cogeneration and pollution-prevention equipment, as well as contract of installation work; manufacturing and sales of oxygen, liquid oxygen, nitrogen, liquid nitrogen, air argon, liquid argon, carbon dioxide, and compressed air; manages supermarkets; and operates gas stations. In addition, the company engages in general investment, securities investment trust, and banking business; real estate development and leasing; food manufacturing, and distribution and warehousing of beverages; provision of short-term accommodation service; consultation service; international trade; insurance broker; financing leasing and investments; and venture investment business. The company was founded in 1955 and is based in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

China Man-Made Fiber Corporation reported revenue of 9.8B TWD in FY2025 versus 32.1B TWD in FY2021, a compound −25.6%/yr. Reported net income was 119M TWD in FY2025, compounding −58.1%/yr from FY2021.

Growth Quality 35/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
9.8B TWD
Latest YoY
−76.3%
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.
−33.9%
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.
−20.5%
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.
+0.6%
Revenue −25.6%/yr
FY21 32.1B TWD
FY22 34.0B TWD
FY23 36.8B TWD
FY24 41.4B TWD
FY25 9.8B TWD
Net income −58.1%/yr
FY21 3.9B TWD
FY22 −1.4B TWD
FY23 −1.6B TWD
FY24 27.5M TWD
FY25 119M TWD

1718 screens 87% overvalued. Compare with PT Bank Central Asia Tbk →

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Cite: Fair Value Calculator (2026). "China Man-Made Fiber Corporation Fair Value". https://www.fairvalue-calculator.com/stock/1718

Peer Group

Banks - Regional · 1082 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 −88% · Bottom 25%
Return on equity (TTM) 8% · Below median
Return on assets 1% · Top 25%
Net margin (TTM) 1% · Bottom 25%
Operating margin (TTM) 54% · Top 25%
Revenue growth 2% · Below median
Debt / equity 1.05× · Higher than 75% of peers

Valuation Multiples vs Banks - Regional median · lower = cheaper

P/E (TTM) 144.4× · Pricier than 75% of peers
P/B 0.79× · Cheaper than median
P/S (TTM) 0.40× · Cheaper than 75% of peers
P/FCF 0.9× · 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 39
FUTURE 10 · sector 44
PAST 33 · sector 41
HEALTH 48 · sector 85
DIVIDEND 0 · sector 49

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 Banks - Regional stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
PT Bank Central Asia Tbk BBCA 6,175 IDR 6,087 IDR -1%
KB Financial Group 105560 184,400 KRW 213,797 KRW +16%
PT Bank Rakyat Indonesia (Persero) Tbk BBRI 2,970 IDR 4,891 IDR +65%
PT Bank Mandiri (Persero) Tbk BMRI 4,310 IDR 7,841 IDR +82%
Banco Bradesco S.A BBD 5,120 ARS 10,240 ARS +100%
Shinhan Financial Group 055550 107,900 KRW 137,259 KRW +27%
Hana Financial Group 086790 136,800 KRW 193,969 KRW +42%
Lloyds Banking Group LYG 4,138 ARS 8,275 ARS +100%
Banco de Chile, CHILE 193.10 CLP 152.55 CLP -21%
Joint Stock Commercial Bank for Foreign Trade of Vietnam, VCB 59,400 VND 84,201 VND +42%

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Frequently asked questions

Is China Man-Made Fiber Corporation (1718) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 1.28 TWD versus a price of 10.25 TWD, about −87% (overvalued).
What is the fair value of 1718?
Our model-based fair value for China Man-Made Fiber Corporation is 1.28 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 10.25 TWD.
What is the quality score of 1718?
China Man-Made Fiber Corporation has a Quality Score of 23/100. 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 China Man-Made Fiber Corporation (1718)?
China Man-Made Fiber Corporation reported trailing-twelve-month revenue of about 43.9B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 1718?
The net profit margin of China Man-Made Fiber Corporation is about 0.7%, meaning it keeps roughly 0.7% of revenue as net income. Based on the latest reported figures.

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.

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