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Jourdeness Group Ltd (4190) Fair Value & Analysis

Consumer Defensive · TW · Market cap 1.6B TWD (≈ $49.8M) · ISIN KYG518761039

What is Jourdeness Group Ltd really worth?

JG Jourdeness Group Ltd 4190 · TW
Price25.95 TWD
Fair Value65.75 TWD
Upside+153.4%
Quality57/100

A solid business, trading 61% below our fair value of 65.75 TWD.

As of Aug 24, 2026, the fair value of Jourdeness Group Ltd is 65.75 TWD per share against a price of 25.95 TWD, so the fair value sits 153% above the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Strengths

Moderate debt · generates free cash flow

Risks

!Weak Growth (revenue 5y −3.3 %/yr)
!Loss-making · -3.7% net margin
!Trails peers (4/12)
!Narrow moat 16/100
!Evidence only low, so the estimate is less certain

For context

·1.93% dividend yield
Evidence: Low Range 51.61 TWD – 88.16 TWD

Fair value as of: Aug 24, 2026

From 13 valuation models · updated 13 days ago

Share price +1.8% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price is below even our cautious bear case (51.61 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 (57/100) at a price below fair value, the discount is the argument here, not the business quality.

Price vs Fair Value (5 years)

102.92 TWD 24.00 TWD Fair Value 65.75 TWD Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 24, 2026.

How to read this chart

60‑month range 24.00 TWD – 102.92 TWD · fair‑value band 51.61 TWD – 88.16 TWD · the 25.95 TWD price screens below the 65.75 TWD fair value. Dashed = 300-day average. As of Aug 24, 2026.

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Analysis

Jourdeness Group Ltd (4190) currently trades at 25.95 TWD, while our model-based Fair Value estimate is 65.75 TWD, implying the stock looks roughly 60.5% undervalued today. The Quality Score stands at 57/100 (solid quality), in the Consumer Defensive sector. Bull case: the DCF Models group reads highest at a median of 71.71 TWD per share, and 10 of the 13 models we run sit above the 25.95 TWD price. Bear case: the Asset-Based group reads lowest at 18.44 TWD, and 3 of the 13 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Jourdeness Group Ltd generated revenue of 2.3B TWD at a net margin of −3.7%. Revenue declined 8.9% year over year. It earns a return on equity of −4.9%. Net debt stands at 2.3B TWD. Fundamentals as of Aug 24, 2026

Our scenario range runs from 51.61 TWD (bear case) to 88.16 TWD (bull case); at 25.95 TWD, the current price sits below 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 31% below its 52-week high and 8% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at −36% fair-value upside, at 153%, 4190 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
FCF DCF 54.19 TWD 71.71 TWD 98.75 TWD 81
Growth DCF 55.66 TWD 72.19 TWD 96.02 TWD 80
Owner Earnings 60.94 TWD 80.40 TWD 110.43 TWD 77
All 13 models by family
DCF Models
FCF DCF 54.19 TWD 71.71 TWD 98.75 TWD 81
Owner Earnings 60.94 TWD 80.40 TWD 110.43 TWD 77
5Y Revenue Exit 40.83 TWD 58.03 TWD 81.43 TWD 73
5Y EBITDA Exit 65.28 TWD 99.99 TWD 143.13 TWD 75
10Y Revenue Exit 45.20 TWD 60.28 TWD 77.23 TWD 68
10Y EBITDA Exit 59.93 TWD 85.73 TWD 115.37 TWD 69
Dividend Discount
Gordon GGM 3.91 TWD 4.96 TWD 5.93 TWD 69
DDM Multi-Stage 3.91 TWD 5.08 TWD 6.31 TWD 67
Multiples
EV/EBITDA 86.05 TWD 117.03 TWD 148.01 TWD 67
EV/Revenue 33.90 TWD 51.38 TWD 68.86 TWD 53
Asset-Based
NCAV (Graham) 13.76 TWD 18.44 TWD 27.52 TWD 54
Growth DCF
Growth DCF 55.66 TWD 72.19 TWD 96.02 TWD 80
Rev-Margin DCF 40.83 TWD 59.30 TWD 81.48 TWD 73

Widest divergence: DCF Models (71.71 TWD) versus Dividend Discount (4.96 TWD). Highest evidence: FCF DCF (81).

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Key figures & financial health

P/S ratio 0.65 TTM
EPS (TTM) −1.59 TWD
Dividend yield 1.9%
Net margin −4.1% FY2025
Return on equity −4.9% TTM
Return on assets (EBIT) 0.5% avg 5y
More key figures
Profitability
Operating margin −0.7% TTM
Growth
Revenue (TTM) 2.3B TWD TTM
Revenue growth (YoY) −8.9% 3y avg −6.0%
EPS growth (YoY) +17.4%
Balance sheet & cash flow
Free cash flow 427M TWD FY2025
Net debt 2.3B TWD FY2025 · ≈ 5.4 yrs of FCF

Figures from reported company fundamentals · as of Aug 24, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 57/100

Of which business quality 56 · Market factors (momentum, volatility) 44

Profitability 14
Margins and returns on capital today
Quality Growth 64
Are margins and returns improving?
Cashflow 79
Earnings quality: real cash, not paper profit
Fin. Strength 22
Balance sheet, leverage, solvency risk
Investment 97
Disciplined investing over empire-building
Low Volatility 93
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 13
Distance to the 52-week high (market factor)
Net Issuance 91
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Jourdeness Group Limited, together with its subsidiaries, manufactures and sells cosmetics in China, Taiwan, and internationally. The company also engages in the beauty and body spa business; and operation of a tourist factory, as well as offers consulting services of beauty and body spa business and equipment rental services.

Full company description

Jourdeness Group Limited, together with its subsidiaries, manufactures and sells cosmetics in China, Taiwan, and internationally. The company also engages in the beauty and body spa business; and operation of a tourist factory, as well as offers consulting services of beauty and body spa business and equipment rental services. In addition, it provides investment and management consulting services. The company was founded in 1989 and is based in Taichung, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Jourdeness Group Ltd reported revenue of 2.3B TWD in FY2025 versus 2.8B TWD in FY2021, a compound −4.9%/yr. Reported net income was −94.3M TWD in FY2025.

Growth Quality 29/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
2.3B TWD
Latest YoY
+1.3%
Avg. revenue 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.
−6.0%
Avg. revenue 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.
−3.3%
Avg. revenue growth/yr (14Y) 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.
+4.3%
EBIT 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.
15.7% (2020) → −3.7% (2025)
Value creation/yr 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
Revenue −4.9%/yr
FY21 2.8B TWD
FY22 2.8B TWD
FY23 3.0B TWD
FY24 2.3B TWD
FY25 2.3B TWD
Net income
FY21 292M TWD
FY22 14.0M TWD
FY23 −258K TWD
FY24 −292M TWD
FY25 −94.3M TWD

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Cite: Fair Value Calculator (2026). "Jourdeness Group Ltd Fair Value". https://www.fairvalue-calculator.com/stock/4190.TW

Peer Group

Household & Personal Products · 245 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 57 · Below median
Fair Value upside +153% · Top 25%
Return on assets −1% · Bottom 25%
Net margin (TTM) −4% · Bottom 25%
Operating margin (TTM) −1% · Bottom 25%
Revenue growth −9% · Bottom 25%
Dividend yield (TTM) 1.9% · Below median
Debt / equity 0.57× · Higher than 75% of peers

Valuation Multiples vs Household & Personal Products median · lower = cheaper

P/S (TTM) 0.02× · Cheaper than 75% of peers
P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 1.8× · Cheaper than 75% of peers

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 27
FUTURE0 · sector 9
PAST0 · sector 27
HEALTH71 · sector 98
DIVIDEND39 · sector 56

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

Similar stocks

10 more Household & Personal Products stocks, each showing price versus our Fair Value estimate (as of Aug 24, 2026).

Stock Price Fair Value vs Fair Value
L'Oréal S.A LORL C$24.76 C$22.64 −9%
Unilever PLC UNA €55.92 €40.47 −28%
Colgate-Palmolive Company CL $90.75 $55.28 −39%
500696 500696 ₹2,093 ₹641.55 −69%
Hindustan Unilever Limited HINDUNILVR ₹2,015 ₹789.46 −61%
Kenvue Inc KVUE $18.95 $10.97 −42%
Kimberly-Clark Corporation KMB $109.55 $79.71 −27%
Henkel AG HEN3 €76.42 €85.95 +12%
The Estée Lauder Companies Inc ESLA €86.54 €18.84 −78%
Church & Dwight Co CHD $101.26 $65.12 −36%

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Frequently asked questions

Is Jourdeness Group Ltd (4190) overvalued or undervalued?
As of Aug 24, 2026, our model estimates a fair value of 65.75 TWD versus a price of 25.95 TWD, about +153% upside (undervalued).
What is the fair value of 4190?
Our model-based fair value for Jourdeness Group Ltd is 65.75 TWD (as of Aug 24, 2026), built from audited fundamentals. The current price: 25.95 TWD.
What is the quality score of 4190?
Jourdeness Group Ltd has a Quality Score of 57/100. 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 Jourdeness Group Ltd (4190)?
Our model-based price target is the fair value of 65.75 TWD (as of Aug 24, 2026) from 13 valuation models. Cautious scenario 51.61 TWD, optimistic scenario 88.16 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Jourdeness Group Ltd stock forecast for 2026?
Our models put fair value at 65.75 TWD, about +153% upside versus a price of 25.95 TWD (undervalued). Cautious scenario 51.61 TWD, optimistic scenario 88.16 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Jourdeness Group Ltd (4190)?
Jourdeness Group Ltd reported trailing-twelve-month revenue of about 2.3B TWD (latest available figure, as of Aug 24, 2026).
What is the net profit margin of 4190?
The net profit margin of Jourdeness Group Ltd is about −3.7%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Jourdeness Group Ltd pay a dividend?
Jourdeness Group Ltd currently shows a dividend yield of about 1.93% relative to its recent price (as of Aug 24, 2026).
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