Est Global Apparel Co.Ltd (4413) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Est Global Apparel Co.Ltd TWD 13.12, price TWD 21.15, upside -38.0%, quality 72 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Est Global Apparel Co.,Ltd engages in the clothing business in Europe, the United State, South Africa, and Eswatini. The company offers fashion, functional, seamless, and loungewear products.
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Est Global Apparel Co.,Ltd engages in the clothing business in Europe, the United State, South Africa, and Eswatini. The company offers fashion, functional, seamless, and loungewear products. It also engages in the textiles business including cotton, fleece, satin, stretch fabric, chemical fiber fabric, blended fabric, and polyester-cotton fabric, as well as manufacturing, processing, and trading of textiles; and garment manufacturing and import/export trade. The company was formerly known as Free Power Energy Co.,Ltd and changed its name to Est Global Apparel Co.,Ltd in August 2016. Est Global Apparel Co.,Ltd was founded in 1987 and is based in New Taipei City, Taiwan.
Stock analysis
Est Global Apparel Co.Ltd (4413) currently trades at 21.15 TWD, while our model-based Fair Value estimate is 13.12 TWD, implying the stock looks roughly 61.2% overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 39.80 TWD per share, and 11 of the 23 models we run sit above the 21.15 TWD price.
Bear case: the Dividend Discount group reads lowest at 3.02 TWD, and 12 of the 23 models stay below the price. Evidence for this calculation is low.
Scenario range: 9.19 TWD (bear) to 17.06 TWD (bull), the price of 21.15 TWD sits above 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 72/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Est Global Apparel Co.Ltd reported revenue of 862M TWD in FY2025 versus 641M TWD in FY2021, a compound +7.7%/yr. Reported net income was 16.4M TWD in FY2025, compounding +27.6%/yr from FY2021.
Key figures
Market cap 662M TWD (≈ $20.8M) · P/E ratio 17.2 · P/S ratio 0.33 · EPS (TTM) 1.23 TWD · Dividend yield 1.4% · Net margin 1.9% · Return on equity 11.8% · Return on assets (EBIT) 2.6%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (medium confidence).
What moves the price
The share trades at its 52-week high and 52% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −1% fair-value upside, at −38%, 4413 screens richer than that median.
Fair Value models
Bear 9.19 TWDFair Value 13.12 TWDBull 17.06 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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.6828 TWD per share) are deliberately not added.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.85/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+114.8%
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.
+7.6%
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.
+13.9%
Start year 2020 (pandemic)
Revenue growth 6 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.
+6.6%
’19
’20
’21
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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.
−6.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−8.2%
Dividend (yield on the price)1.4%
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.−5% → −1%
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).
−5.1%
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 −6.5% a year for the price.
Compare Est Global Apparel Co.Ltd with another stock
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.Apparel Manufacturing · 225 stocks
Beats the industry median on 5/14 measures
Overall it trails its industry peers.
Valuation
Quality Score72 · Top 25%
Fair Value upside−37% · Below median
Profitability
Return on equity (TTM)12% · Top 25%
Return on assets2% · Below median
Net margin (TTM)5% · Above median
Operating margin (TTM)−2% · Below median
Growth and dividend
Revenue growth−33% · Bottom 25%
Dividend yield (TTM)1.4% · Below median
Balance sheet
Debt / equity0.23× · Highest 25%
Valuation Multiplesvs Apparel Manufacturing median · lower = cheaper
P/E (TTM)17.2× · Cheaper than median
P/B1.86× · Pricier than median
P/S (TTM)0.83× · Pricier than median
P/FCF0.3× · Cheaper than median
EV/EBITDA28.7× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 35
FUTURE (revenue growth)0· sector 5
PAST (return on equity)47· sector 19
HEALTH (low debt)88· sector 98
DIVIDEND (yield)28· sector 57
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Est Global Apparel Co.Ltd Fair Value". https://www.fairvalue-calculator.com/stock/4413
Frequently asked questions
Is Est Global Apparel Co.Ltd (4413) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 13.12 TWD versus a price of 21.15 TWD, about −38% upside (overvalued).
What is the fair value of 4413?
Our model-based fair value for Est Global Apparel Co.Ltd is 13.12 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 21.15 TWD.
What is the quality score of 4413?
Est Global Apparel Co.Ltd has a Quality Score of 72/100. 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 Est Global Apparel Co.Ltd (4413)?
Our model-based price target is the fair value of 13.12 TWD (as of Sep 24, 2026) from 23 valuation models. Cautious scenario 9.19 TWD, optimistic scenario 17.06 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Est Global Apparel Co.Ltd stock forecast for 2026?
Our models put fair value at 13.12 TWD, about −38% upside versus a price of 21.15 TWD (overvalued). Cautious scenario 9.19 TWD, optimistic scenario 17.06 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Est Global Apparel Co.Ltd (4413)?
Est Global Apparel Co.Ltd reported trailing-twelve-month revenue of about 790M TWD (latest available figure, as of Sep 24, 2026).
Does Est Global Apparel Co.Ltd pay a dividend?
Est Global Apparel Co.Ltd currently shows a dividend yield of about 1.42% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Est Global Apparel Co.Ltd (4413)?
For today's price to be fair in a discounted-cash-flow model, Est Global Apparel Co.Ltd would have to grow free cash flow by -5.1 % per year for five years (discount rate 10.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +13.9 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 4413 use?
Our models discount Est Global Apparel Co.Ltd at 10.2 %: a base by market capitalisation (nano), damped by beta 0.95, 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 Est Global Apparel Co.Ltd that is -5.1 % per year a year over ten years, using the same discount rate (10.2 %) and the same formula as our fair value.
How much growth has Est Global Apparel Co.Ltd (4413) delivered so far?
Over the past 5 years revenue at Est Global Apparel Co.Ltd grew +13.9 % a year. The price currently implies -5.1 % 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 Est Global Apparel Co.Ltd (4413) growing?
The median revenue growth in the sector is +2.6 % a year. That is the yardstick for the growth priced into Est Global Apparel Co.Ltd (-5.1 % 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 Est Global Apparel Co.Ltd (4413)?
The free-cash-flow yield on the price is 9.13 %: that much free cash flow Est Global Apparel Co.Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Est Global Apparel Co.Ltd (4413)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Est Global Apparel Co.Ltd it is 13.12 TWD per share (as of Sep 24, 2026), against a price of 21.15 TWD. It is the blended result of 23 valuation models (cash flow, earnings, asset, dividend).
Is Est Global Apparel Co.Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 4413 trades above its calculated fair value: price 21.15 TWD, fair value 13.12 TWD, a gap of about −38% (overvalued). 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 4413?
No. The price is what the market pays today (21.15 TWD); the fair value is what the company's own numbers justify (13.12 TWD). For Est Global Apparel Co.Ltd the two are 8.03 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Est Global Apparel Co.Ltd worth?
The market values Est Global Apparel Co.Ltd at about 662M TWD (market capitalisation, as of Sep 24, 2026). Per share that is 21.15 TWD; our models calculate a fair value of 13.12 TWD per share.
What do the bullish and bearish scenarios say about 4413?
Our models span a range for Est Global Apparel Co.Ltd: cautious scenario 9.19 TWD, base 13.12 TWD, optimistic 17.06 TWD per share (as of Sep 24, 2026, price 21.15 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 4413?
Est Global Apparel Co.Ltd trades at a price-to-earnings ratio of 17.2 (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 13.12 TWD is built from several models across several years. Other multiples: P/B 1.9, P/S 0.8, EV/EBITDA 28.7.
How solid is the balance sheet of Est Global Apparel Co.Ltd (4413)?
Balance-sheet figures for Est Global Apparel Co.Ltd (as of Sep 24, 2026): return on equity 11.8%, debt of 0.23 per unit of equity. They feed the Quality Score of 72/100, which measures business quality independently of the share price.
How far is 4413 from its 52-week high?
Est Global Apparel Co.Ltd trades at 21.15 TWD, at its 52-week high of 21.15 TWD and 52% above the low of 13.90 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 13.12 TWD is for.
Which stocks are comparable to Est Global Apparel Co.Ltd?
From the same area (Consumer Cyclical) we also value Ralph Lauren Corporation, Moncler S.p.A, Gildan Activewear Inc, LPP SA, 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 Est Global Apparel Co.Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 21.15 TWD, calculated fair value 13.12 TWD (−38%), Quality Score 72/100, from 23 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 4413 calculated?
We run Est Global Apparel Co.Ltd through 23 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 13.12 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 13.2 % above its aggregate fair value. Est Global Apparel Co.Ltd itself currently trades above fair value. 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 Est Global Apparel Co.Ltd (4413)?
The closing price on Sep 24, 2026 was 21.15 TWD. Our model-based fair value is 13.12 TWD, about −38% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Est Global Apparel Co.Ltd right now?
A high-quality business (quality 72/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case (17.06 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. A fairly wide model range (9.19 TWD to 17.06 TWD) leaves room in how you read the outcome.
Key figures of Est Global Apparel Co.Ltd
How large is the market capitalisation of Est Global Apparel Co.Ltd (4413)?
The market capitalisation of Est Global Apparel Co.Ltd is 662M TWD (≈ $20.8M). 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 Est Global Apparel Co.Ltd (4413)?
The price-to-sales ratio of Est Global Apparel Co.Ltd is 0.33 (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 Est Global Apparel Co.Ltd (4413)?
Earnings per share at Est Global Apparel Co.Ltd are 1.23 TWD (price ÷ EPS = P/E 17.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Est Global Apparel Co.Ltd (4413)?
The dividend yield of Est Global Apparel Co.Ltd is 1.4% (payout 24.4%). 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 Est Global Apparel Co.Ltd (4413)?
The net margin of Est Global Apparel Co.Ltd is 1.9% (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 Est Global Apparel Co.Ltd (4413)?
The return on equity (ROE) of Est Global Apparel Co.Ltd is 11.8% (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 Est Global Apparel Co.Ltd (4413)?
On an EBIT basis the return on assets of Est Global Apparel Co.Ltd is 2.6% (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 Est Global Apparel Co.Ltd (4413)?
The operating margin of Est Global Apparel Co.Ltd is −2.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Est Global Apparel Co.Ltd (4413)?
Revenue at Est Global Apparel Co.Ltd is growing −33.4% versus a year earlier (3y avg +7.6%). 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 Est Global Apparel Co.Ltd (4413)?
Earnings per share at Est Global Apparel Co.Ltd are growing +31.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Est Global Apparel Co.Ltd (4413) hold?
Est Global Apparel Co.Ltd holds more cash than debt, 123M TWD net (fiscal year 2023). The company holds more cash than debt, a safety cushion.
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