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Long Chen Paper Co Ltd (1909) Fair Value & Analysis

Basic Materials · TW · Market cap 12.9B TWD

LC Long Chen Paper Co Ltd 1909 · TW
Price10.60 TWD
Fair Value10.60 TWD
Upside+0.0%
Quality37/100
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Weak Growth
Loss-making · -0.9% net margin
Moderate debt · generates free cash flow
Trails peers (2/11)
Narrow moat 16/100
Evidence: Medium Range 4.88 TWD – 10.60 TWD Share as image

Fair value as of: Aug 13, 2026

From 5 valuation models · updated 3 days ago

Fair value updated Aug 13, 2026, revised from 6.12 TWD to 10.60 TWD (+73.2%) since Jul 21, 2026. Share price +1.4% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (4.88 TWD to 10.60 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

30.11 TWD 8.28 TWD Fair Value 10.60 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 8.28 TWD – 30.11 TWD · fair‑value band 4.88 TWD – 10.60 TWD · the 10.60 TWD price screens below the 10.60 TWD fair value. Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

Long Chen Paper Co Ltd (1909) currently trades at 10.60 TWD, while our model-based Fair Value estimate is 10.60 TWD, implying the stock looks roughly 0.0% fairly valued today. The Quality Score stands at 37/100 (below-average quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, Long Chen Paper Co Ltd generated revenue of 45.2B TWD at a net margin of -0.9%. Revenue grew 5.3% year over year. It earns a return on equity of -2.0%. Net debt stands at 40.3B TWD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 4.88 TWD (bear case) to 10.60 TWD (bull case); at 10.60 TWD, the current price sits within 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 8% below its 52-week high and 30% above its 52-week low, currently above its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at 0% fair-value upside, at 0%, 1909 screens cheaper 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
Gordon GGM 2.34 TWD 4.87 TWD 7.72 TWD 70
DDM Multi-Stage 2.34 TWD 3.82 TWD 5.11 TWD 61
EV/EBITDA 1.04 TWD 54
All 5 models by family
DCF Models
5Y EBITDA Exit 1.68 TWD 41
Dividend Discount
Gordon GGM 2.34 TWD 4.87 TWD 7.72 TWD 70
DDM Multi-Stage 2.34 TWD 3.82 TWD 5.11 TWD 61
Multiples
EV/EBITDA 1.04 TWD 54
Asset-Based
NCAV (Graham) 7.81 TWD 10.46 TWD 15.62 TWD 50

Widest divergence: Asset-Based (10.46 TWD) versus Dividend Discount (3.82 TWD). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Revenue (TTM) 45.2B TWD
Revenue growth (YoY) +5.3%
Net margin -0.9%
Return on equity -2.0%
Free cash flow 201M TWD FY2025
Operating margin 0.2%
More key figures
EPS (TTM) -0.3900 TWD
EPS growth (YoY) -68.1%
Net debt 40.3B TWD FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 37/100

Of which business quality 34 · Market factors (momentum, volatility) 60

Profitability 17
Margins and returns on capital today
Quality Growth 28
Are margins and returns improving?
Cashflow 13
Earnings quality: real cash, not paper profit
Fin. Strength 10
Balance sheet, leverage, solvency risk
Investment 99
Disciplined investing over empire-building
Low Volatility 84
Calm price path (market factor)
Momentum 49
Price trend over the last 3–12 months (market factor)
52W Momentum 50
Distance to the 52-week high (market factor)
Net Issuance 77
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

Longchen Paper & Packaging Co., Ltd. manufactures, processes, and trade of papermaking raw materials in Taiwan and Mainland China.

Full company description

Longchen Paper & Packaging Co., Ltd. manufactures, processes, and trade of papermaking raw materials in Taiwan and Mainland China. The company engages in the manufacture, printing, processing, and sales of cartons, cardboard boxes and paper products; and recycling and renewal of energy and resources, as well as regeneration businesses, including cogeneration and incinerator turnkey projects. It is also involved in the purchase and sales of wastepaper, as well as wholesale, import, and export of packaging materials, paper products, electronic products, hardware, papermaking equipment, accessories, and materials. In addition, it manufactures, processes, and sells paper, paperboard, paper products, novel packaging materials, cartons and paper boxes, and package printed products, as well as containerboard paper, cogeneration products, and warehousing. Further, the company is involved in general investment; sewage treatment; renewable resource utilization technology research and development; and information technology consulting businesses. Additionally, it engages in printing for packaging, decoration, and color-printed paper cartons; and manufacture and sale of cartons, pearl wool, and foam. The company was formerly known as Long Chen Paper Co., Ltd. and changed its name to Longchen Paper & Packaging Co., Ltd. in June 2019. Longchen Paper & Packaging Co., Ltd. was incorporated in 1978 and is based in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Long Chen Paper Co Ltd reported revenue of 44.7B TWD in FY2025 versus 56.6B TWD in FY2021, a compound −5.7%/yr. Reported net income was −517M TWD in FY2025.

Growth Quality 26/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
44.7B TWD
Latest YoY
−6.5%
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.
−5.5%
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.
+1.5%
Avg. growth/yr (25Y) 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.
+7.5%
Revenue −5.7%/yr
FY21 56.6B TWD
FY22 53.0B TWD
FY23 46.7B TWD
FY24 47.8B TWD
FY25 44.7B TWD
Net income
FY21 2.4B TWD
FY22 −923M TWD
FY23 −1.0B TWD
FY24 −374M TWD
FY25 −517M TWD

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Cite: Fair Value Calculator (2026). "Long Chen Paper Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/1909

Peer Group

Paper & Paper Products · 116 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 37 · Bottom 25%
Fair Value upside +0% · Above median
Return on assets -0% · Bottom 25%
Net margin (TTM) -1% · Bottom 25%
Operating margin (TTM) 0% · Below median
Revenue growth 5% · Above median
Dividend yield (TTM) 2.6% · Below median
Debt / equity 1.30× · Higher than 75% of peers

Valuation Multiples vs Paper & Paper Products median · lower = cheaper

P/FCF 2.0× · Pricier than median
EV/EBITDA 12.9× · Pricier 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 33 · sector 27
FUTURE 27 · sector 5
PAST 0 · sector 12
HEALTH 35 · sector 91
DIVIDEND 52 · sector 54

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 Paper & Paper Products stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Klabin S.A KLBN11 R$17.55 R$3.80 -78%
UPM-Kymmene Oyj UPM €23.18 €14.21 -39%
Suzano S.A SUZ $8.02 $23.77 +196%
Svenska Cellulosa Aktiebolaget SCA (publ) SCAB kr 109.40 kr 49.40 -55%
Shandong Sunpaper Co 002078 ¥13.94 ¥17.29 +24%
Holmen AB HOLMB kr 323.20 kr 217.72 -33%
Nine Dragons Paper (Holdings) Limited 2689 HK$8.21 HK$8.74 +6%
Empresas CMPC S.A CMPC 1,000 CLP 1,253 CLP +25%
Xianhe Co 603733 ¥21.11 ¥21.06 -0%
Billerud AB BILL kr 77.60 kr 48.60 -37%

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Frequently asked questions

Is Long Chen Paper Co Ltd (1909) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 10.60 TWD versus a price of 10.60 TWD, about +0% (fairly valued).
What is the fair value of 1909?
Our model-based fair value for Long Chen Paper Co Ltd is 10.60 TWD (as of Aug 13, 2026), built from audited fundamentals. The current price is 10.60 TWD.
What is the quality score of 1909?
Long Chen Paper Co Ltd has a Quality Score of 37/100. 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 Long Chen Paper Co Ltd (1909)?
Long Chen Paper Co Ltd reported trailing-twelve-month revenue of about 45.2B TWD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 1909?
The net profit margin of Long Chen Paper Co Ltd is about -0.9%, meaning it is currently running at a net loss. 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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