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J.D Development Co (4402) Fair Value & Analysis

Consumer Cyclical · TW · Market cap 1.1B TWD

JD J.D Development Co 4402 · TWO
Price16.70 TWD
Fair Value3.89 TWD
Upside-76.7%
Quality46/100
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Weak Growth
Loss-making · -47.7% net margin
Low debt · negative free cash flow
Trails peers (3/10)
Narrow moat 8/100
Evidence: Low Range 2.56 TWD – 4.86 TWD Share as image

Fair value as of: Jul 23, 2026

From 1 valuation models · updated 18 days ago

Share price +4.4% over the past month.

Below-average quality, and screening another 77% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (4.86 TWD). The favourable scenario is already priced in.
  • 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 but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (2.56 TWD to 4.86 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

55.40 TWD 4.87 TWD Fair Value 3.89 TWD Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 23, 2026.

How to read this chart

60‑month range 4.87 TWD – 55.40 TWD · fair‑value band 2.56 TWD – 4.86 TWD · the 16.70 TWD price screens above the 3.89 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

J.D Development Co (4402) currently trades at 16.70 TWD, while our model-based Fair Value estimate is 3.89 TWD, implying the stock looks roughly 76.7% overvalued today. The Quality Score stands at 46/100 (below-average quality), in the Consumer Cyclical 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: low).

Over the trailing twelve months, J.D Development Co generated revenue of 21.8M TWD at a net margin of -47.7%. Revenue declined 27.4% year over year. It earns a return on equity of -1.7%. Net debt stands at 201M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 2.56 TWD (bear case) to 4.86 TWD (bull case); at 16.70 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 27% below its 52-week high and 46% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -27% fair-value upside, at -77%, 4402 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
NCAV (Graham) 4.39 TWD 5.88 TWD 8.78 TWD 50
All 1 models by family
Asset-Based
NCAV (Graham) 4.39 TWD 5.88 TWD 8.78 TWD 50

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Key figures & financial health

Revenue (TTM) 21.8M TWD
Revenue growth (YoY) -27.4%
Net margin -47.7%
Return on equity -1.7%
Free cash flow −8.6M TWD FY2025
Operating margin -112%
More key figures
EPS (TTM) -0.1300 TWD
Net debt 201M TWD FY2022

Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 46/100

Of which business quality 50 · Market factors (momentum, volatility) 48

Profitability 5
Margins and returns on capital today
Quality Growth 70
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 60
Disciplined investing over empire-building
Low Volatility 75
Calm price path (market factor)
Momentum 39
Price trend over the last 3–12 months (market factor)
52W Momentum 33
Distance to the 52-week high (market factor)
Net Issuance 40
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

J.D Development Co., LTD, together with its subsidiaries, engages in the manufacture and sale of textile products in Taiwan and internationally. It offers nylon and polyester cloth, high tensile fishnet yarn, and nylon products; and epidemic prevention products, such as mask cleaning pads, gowns, flying suits, and face masks.

Full company description

J.D Development Co., LTD, together with its subsidiaries, engages in the manufacture and sale of textile products in Taiwan and internationally. It offers nylon and polyester cloth, high tensile fishnet yarn, and nylon products; and epidemic prevention products, such as mask cleaning pads, gowns, flying suits, and face masks. The company also engages in solar energy generation; and provides engineering, procurement, and construction services for small and medium solar stations and related equipment; and solar station management, maintenance, and cleaning services. The company was formerly known as Fu Ta Material Technology Co., Ltd. and changed its name J.D Development Co., LTD in June 2024. J.D Development Co., LTD was founded in 1959 and is based in Kaohsiung, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

J.D Development Co reported revenue of 23.7M TWD in FY2025 versus 153M TWD in FY2021, a compound −37.3%/yr. Reported net income was −8.8M TWD in FY2025.

Growth Quality 6/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
23.7M TWD
Latest YoY
+28.8%
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.
−48.3%
Revenue −37.3%/yr
FY21 153M TWD
FY22 172M TWD
FY23 77.0M TWD
FY24 18.4M TWD
FY25 23.7M TWD
Net income
FY21 −39.3M TWD
FY22 −8.0M TWD
FY23 −19.9M TWD
FY24 −6.2M TWD
FY25 −8.8M TWD

4402 screens 77% overvalued. Compare with Shenzhou International Group →

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Cite: Fair Value Calculator (2026). "J.D Development Co Fair Value". https://www.fairvalue-calculator.com/stock/4402

Peer Group

Textile Manufacturing · 307 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 50 · Above median
Fair Value upside −77% · Bottom 25%
Return on assets -2% · Bottom 25%
Net margin (TTM) -48% · Bottom 25%
Operating margin (TTM) -112% · Bottom 25%
Revenue growth -27% · Bottom 25%

Valuation Multiples vs Textile Manufacturing median · lower = cheaper

P/B 0.06× · Cheaper than 75% of peers
P/S (TTM) 1.56× · 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 0 · sector 8
FUTURE 0 · sector 0
PAST 0 · sector 15
HEALTH 100 · sector 95
DIVIDEND 0 · sector 34

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 Textile Manufacturing stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
Shenzhou International Group 2313 HK$44.40 HK$75.65 +70%
Tongkun Group 601233 ¥23.56 ¥14.53 -38%
Inner Mongolia ERDOS Resources Co 600295 ¥12.04 ¥14.35 +19%
Far Eastern New Century Corporation 1402 27.55 TWD 28.72 TWD +4%
K.P.R. Mill Limited KPRMILL ₹1,083 ₹467.49 -57%
HMT (Xiamen) New Technical Materials Co 603306 ¥78.00 ¥11.85 -85%
Zhejiang Orient Holdings 600120 ¥5.18 ¥2.21 -57%
Vardhman Textiles Limited VTL ₹602.20 ₹437.53 -27%
Isiklar Enerji ve Yapi Holding IEYHO 174.20 TRY 323.84 TRY +86%
Shandong Fiberglass Group 605006 ¥16.75 ¥6.42 -62%

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Frequently asked questions

Is J.D Development Co (4402) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 3.89 TWD versus a price of 16.70 TWD, about −77% (overvalued).
What is the fair value of 4402?
Our model-based fair value for J.D Development Co is 3.89 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 16.70 TWD.
What is the quality score of 4402?
J.D Development Co has a Quality Score of 46/100. 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 J.D Development Co (4402)?
J.D Development Co reported trailing-twelve-month revenue of about 21.8M TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 4402?
The net profit margin of J.D Development Co is about -47.7%, 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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