Chlitina Holding Ltd (4137) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Chlitina Holding Ltd TWD 123, price TWD 76.20, upside +61.2%, quality 65 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 75.20 TWD – 233.58 TWD · fair‑value band 107.62 TWD – 147.22 TWD · the 76.20 TWD price screens below the 122.82 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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Chlitina Holding Limited, an investment holding company, engages in the research, development, manufacture, and sale of beauty and skin care products in Taiwan and internationally.
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Chlitina Holding Limited, an investment holding company, engages in the research, development, manufacture, and sale of beauty and skin care products in Taiwan and internationally. The company offers skin care products for basic maintenance, serum, acne, dehydration, dull spots, wrinkles, and repairs; and makeup remover cleansing, moisturizer, lotion, cleanser, and essential oils products under the Chlitina brand. It also provides enterprise management consulting services; medical cosmetology services; and cosmetology training services, as well as operates as a dealer of health food and daily necessities products, skincare and supplementary health care products, and general practice and foods. In addition, the company engages in the cosmetic retail and manicure; investing and researching; investing and trading of skincare product; and importing trade goods business. It sells its products online, as well as operates franchised channels. Chlitina Holding Limited was founded in 1989 and is based in Taipei, Taiwan.
Stock analysis
Chlitina Holding Ltd (4137) currently trades at 76.20 TWD, while our model-based Fair Value estimate is 122.82 TWD, implying the stock looks roughly 38.0% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 121.18 TWD per share, and 21 of the 24 models we run sit above the 76.20 TWD price.
Bear case: the Asset-Based group reads lowest at 42.86 TWD, and 3 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: 107.62 TWD (bear) to 147.22 TWD (bull), the price of 76.20 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 65/100 (solid quality), in the Consumer Defensive sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Chlitina Holding Ltd reported revenue of 3.9B TWD in FY2025 versus 5.3B TWD in FY2021, a compound −7.4%/yr. Reported net income was 588M TWD in FY2025, compounding −18.8%/yr from FY2021.
Key figures
Market cap 7.8B TWD (≈ $246M) · P/E ratio 11.2 · P/S ratio 1.70 · EPS (TTM) 6.80 TWD · Dividend yield 13.1% · Net margin 15.2% · Return on equity 11.5% · Return on assets (EBIT) 13.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 35% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −14% fair-value upside, at 61%, 4137 screens cheaper than that median.
Fair Value models
Bear 107.62 TWDFair Value 122.82 TWDBull 147.22 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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−4.6%
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.
−1.6%
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.
−0.9%
Start year 2020 (pandemic). Over 10 years: −1.2% a year
Revenue growth 15 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.
+6.1%
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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.
−2.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−16.0%
Dividend (yield on the price)13.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−16% vs −3%, slowing
Profit margin 2020 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.36% → 19%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less 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).
−13.1%
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 −14.4% 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.Household & Personal Products · 251 stocks
Beats the industry median on 12/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score65 · Above median
Fair Value upside+61% · Top 25%
Profitability
Return on equity (TTM)11% · Above median
Return on assets5% · Above median
Net margin (TTM)16% · Top 25%
Operating margin (TTM)16% · Top 25%
Growth and dividend
Revenue growth15% · Top 25%
Dividend yield (TTM)13.1% · Top 25%
Balance sheet
Debt / equity0.06× · Above median
Valuation Multiplesvs Household & Personal Products median · lower = cheaper
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Is Chlitina Holding Ltd (4137) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 122.82 TWD versus a price of 76.20 TWD, about +61% upside (undervalued).
What is the fair value of 4137?
Our model-based fair value for Chlitina Holding Ltd is 122.82 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 76.20 TWD.
What is the quality score of 4137?
Chlitina Holding Ltd has a Quality Score of 65/100. 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 Chlitina Holding Ltd (4137)?
Our model-based price target is the fair value of 122.82 TWD (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 107.62 TWD, optimistic scenario 147.22 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Chlitina Holding Ltd stock forecast for 2026?
Our models put fair value at 122.82 TWD, about +61% upside versus a price of 76.20 TWD (undervalued). Cautious scenario 107.62 TWD, optimistic scenario 147.22 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Chlitina Holding Ltd (4137)?
Chlitina Holding Ltd reported trailing-twelve-month revenue of about 4.0B TWD (latest available figure, as of Sep 24, 2026).
Does Chlitina Holding Ltd pay a dividend?
Chlitina Holding Ltd currently shows a dividend yield of about 13.12% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Chlitina Holding Ltd (4137)?
For today's price to be fair in a discounted-cash-flow model, Chlitina Holding Ltd would have to grow free cash flow by -13.1 % 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 -0.9 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 4137 use?
Our models discount Chlitina Holding Ltd at 11.8 %: a base by market capitalisation (micro), damped by beta 0.43, 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 Chlitina Holding Ltd that is -13.1 % 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 Chlitina Holding Ltd (4137) delivered so far?
Over the past 5 years revenue at Chlitina Holding Ltd grew -0.9 % a year. The price currently implies -13.1 % 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 Chlitina Holding Ltd (4137) growing?
The median revenue growth in the sector is +2.9 % a year. That is the yardstick for the growth priced into Chlitina Holding Ltd (-13.1 % 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 Chlitina Holding Ltd (4137)?
The free-cash-flow yield on the price is 9.84 %: that much free cash flow Chlitina Holding Ltd 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 Chlitina Holding Ltd (4137)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Chlitina Holding Ltd it is 122.82 TWD per share (as of Sep 24, 2026), against a price of 76.20 TWD. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Chlitina Holding Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 4137 trades below its calculated fair value: price 76.20 TWD, fair value 122.82 TWD, a gap of about +61% (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 4137?
No. The price is what the market pays today (76.20 TWD); the fair value is what the company's own numbers justify (122.82 TWD). For Chlitina Holding Ltd the two are 46.62 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Chlitina Holding Ltd worth?
The market values Chlitina Holding Ltd at about 7.8B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 76.20 TWD; our models calculate a fair value of 122.82 TWD per share.
What do the bullish and bearish scenarios say about 4137?
Our models span a range for Chlitina Holding Ltd: cautious scenario 107.62 TWD, base 122.82 TWD, optimistic 147.22 TWD per share (as of Sep 24, 2026, price 76.20 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 4137?
Chlitina Holding Ltd trades at a price-to-earnings ratio of 11.2 (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 122.82 TWD is built from several models across several years. Other multiples: P/B 1.5, P/S 2.0, EV/EBITDA 4.7.
How solid is the balance sheet of Chlitina Holding Ltd (4137)?
Balance-sheet figures for Chlitina Holding Ltd (as of Sep 24, 2026): return on equity 11.5%, debt of 0.06 per unit of equity. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is 4137 from its 52-week high?
Chlitina Holding Ltd trades at 76.20 TWD, about 35% below its 52-week high of 116.50 TWD and 1% above the low of 75.20 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 122.82 TWD is for.
Which stocks are comparable to Chlitina Holding Ltd?
From the same area (Consumer Defensive) we also value Colgate-Palmolive Company, Hindustan Unilever Limited, Kenvue Inc, Kimberly-Clark 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 Chlitina Holding Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 76.20 TWD, calculated fair value 122.82 TWD (+61%), Quality Score 65/100, from 24 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 4137 calculated?
We run Chlitina Holding Ltd through 24 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 122.82 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 13.0 % above its aggregate fair value. Chlitina Holding Ltd currently trades 61 % 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 Chlitina Holding Ltd (4137)?
The closing price on Sep 24, 2026 was 76.20 TWD. Our model-based fair value is 122.82 TWD, about +61% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Chlitina Holding Ltd right now?
The price is below even our cautious bear case (107.62 TWD). The market is more pessimistic than our downside scenario. Solid quality (65/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of Chlitina Holding Ltd (4137) come from?
Earnings per share at Chlitina Holding Ltd grew −2.8 % a year from 2014 to 2025. Broken into its drivers: revenue per share +1.4 %, EBIT margin −4.4 %, tax rate −1.2 %, residual (interest, one-offs) +1.5 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Chlitina Holding Ltd
How large is the market capitalisation of Chlitina Holding Ltd (4137)?
The market capitalisation of Chlitina Holding Ltd is 7.8B TWD (≈ $246M). 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 Chlitina Holding Ltd (4137)?
The price-to-sales ratio of Chlitina Holding Ltd is 1.70 (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 Chlitina Holding Ltd (4137)?
Earnings per share at Chlitina Holding Ltd are 6.80 TWD (price ÷ EPS = P/E 11.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Chlitina Holding Ltd (4137)?
The dividend yield of Chlitina Holding Ltd is 13.1% (payout 147%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Chlitina Holding Ltd (4137)?
The net margin of Chlitina Holding Ltd is 15.2% (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 Chlitina Holding Ltd (4137)?
The return on equity (ROE) of Chlitina Holding Ltd is 11.5% (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 Chlitina Holding Ltd (4137)?
On an EBIT basis the return on assets of Chlitina Holding Ltd is 13.0% (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 Chlitina Holding Ltd (4137)?
The operating margin of Chlitina Holding Ltd is 15.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Chlitina Holding Ltd (4137)?
Revenue at Chlitina Holding Ltd is growing +15.1% versus a year earlier (3y avg −1.6%). 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 Chlitina Holding Ltd (4137)?
Earnings per share at Chlitina Holding Ltd are growing +100% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Chlitina Holding Ltd (4137) hold?
Chlitina Holding Ltd holds more cash than debt, 781M TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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