Hakers Enterprise Co Ltd (4432) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Hakers Enterprise Co Ltd TWD 19.38, price TWD 15.50, upside +25.0%, quality 54 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 7.50 TWD – 23.98 TWD · fair‑value band 14.53 TWD – 19.38 TWD · the 15.50 TWD price screens below the 19.38 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.
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Hakers Enterprise Co., Ltd. researches, develops, produces, and markets garments and other related textile products in Taiwan. The company offers sportswear, workwear, and outdoor performance apparel products. Hakers Enterprise Co., Ltd. was founded in 1986 and is headquartered in New Taipei City, Taiwan.
Stock analysis
Hakers Enterprise Co Ltd (4432) currently trades at 15.50 TWD, while our model-based Fair Value estimate is 19.38 TWD, implying the stock looks roughly 20.0% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 22.81 TWD per share, and 7 of the 15 models we run sit above the 15.50 TWD price.
Bear case: the Earnings-Based group reads lowest at 7.32 TWD, and 8 of the 15 models stay below the price. Evidence for this calculation is low.
Scenario range: 14.53 TWD (bear) to 19.38 TWD (bull), the price of 15.50 TWD sits inside 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 54/100 (solid quality), in the Consumer Cyclical sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Hakers Enterprise Co Ltd reported revenue of 1.1B TWD in FY2025 versus 1.3B TWD in FY2021, a compound −5.2%/yr. Reported net income was 44.6M TWD in FY2025.
Key figures
Market cap 784M TWD (≈ $24.6M) · P/E ratio 17.6 · P/S ratio 0.72 · EPS (TTM) 0.8800 TWD · Dividend yield 2.6% · Net margin 4.1% · Return on equity 11.2% · Return on assets (EBIT) 3.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
The share trades about 12% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −1% fair-value upside, at 25%, 4432 screens cheaper than that median.
Fair Value models
Bear 14.53 TWDFair Value 19.38 TWDBull 19.38 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 (0.3524 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.19/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−3.1%
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.
−10.9%
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.
−7.0%
Start year 2020 (pandemic). Over 10 years: −7.5% a year
Revenue growth 10 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.
−7.5%
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What shareholders gained per year (last 3 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 3 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.
−28.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−30.8%
Dividend (yield on the price)2.6%
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.−1% → 3%
⚠ Revenue per share shrinking 7.9%/yr over ~6Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Compare Hakers Enterprise Co Ltd with another stock
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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 · 226 stocks
Beats the industry median on 6/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score54 · Below median
Fair Value upside+25% · Above median
Profitability
Return on equity (TTM)11% · Above median
Return on assets1% · Below median
Net margin (TTM)16% · Top 25%
Operating margin (TTM)3% · Below median
Growth and dividend
Revenue growth−6% · Below median
Dividend yield (TTM)2.6% · Below median
Valuation Multiplesvs Apparel Manufacturing median · lower = cheaper
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). "Hakers Enterprise Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/4432
Frequently asked questions
Is Hakers Enterprise Co Ltd (4432) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 19.38 TWD versus a price of 15.50 TWD, about +25% upside (undervalued).
What is the fair value of 4432?
Our model-based fair value for Hakers Enterprise Co Ltd is 19.38 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 15.50 TWD.
What is the quality score of 4432?
Hakers Enterprise Co Ltd has a Quality Score of 54/100. 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 Hakers Enterprise Co Ltd (4432)?
Our model-based price target is the fair value of 19.38 TWD (as of Sep 24, 2026) from 15 valuation models. Cautious scenario 14.53 TWD, optimistic scenario 19.38 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Hakers Enterprise Co Ltd stock forecast for 2026?
Our models put fair value at 19.38 TWD, about +25% upside versus a price of 15.50 TWD (undervalued). Cautious scenario 14.53 TWD, optimistic scenario 19.38 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Hakers Enterprise Co Ltd (4432)?
Hakers Enterprise Co Ltd reported trailing-twelve-month revenue of about 1.1B TWD (latest available figure, as of Sep 24, 2026).
Does Hakers Enterprise Co Ltd pay a dividend?
Hakers Enterprise Co Ltd currently shows a dividend yield of about 2.58% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Hakers Enterprise Co Ltd (4432)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hakers Enterprise Co Ltd it is 19.38 TWD per share (as of Sep 24, 2026), against a price of 15.50 TWD. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Hakers Enterprise Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 4432 trades below its calculated fair value: price 15.50 TWD, fair value 19.38 TWD, a gap of about +25% (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 4432?
No. The price is what the market pays today (15.50 TWD); the fair value is what the company's own numbers justify (19.38 TWD). For Hakers Enterprise Co Ltd the two are 3.88 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Hakers Enterprise Co Ltd worth?
The market values Hakers Enterprise Co Ltd at about 784M TWD (market capitalisation, as of Sep 24, 2026). Per share that is 15.50 TWD; our models calculate a fair value of 19.38 TWD per share.
What do the bullish and bearish scenarios say about 4432?
Our models span a range for Hakers Enterprise Co Ltd: cautious scenario 14.53 TWD, base 19.38 TWD, optimistic 19.38 TWD per share (as of Sep 24, 2026, price 15.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 4432?
Hakers Enterprise Co Ltd trades at a price-to-earnings ratio of 17.6 (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 19.38 TWD is built from several models across several years. Other multiples: P/B 0.6, P/S 0.7, EV/EBITDA 4.8.
How solid is the balance sheet of Hakers Enterprise Co Ltd (4432)?
Balance-sheet figures for Hakers Enterprise Co Ltd (as of Sep 24, 2026): return on equity 11.2%. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is 4432 from its 52-week high?
Hakers Enterprise Co Ltd trades at 15.50 TWD, about 12% below its 52-week high of 17.60 TWD and 10% above the low of 14.10 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 19.38 TWD is for.
Which stocks are comparable to Hakers Enterprise 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 Hakers Enterprise Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 15.50 TWD, calculated fair value 19.38 TWD (+25%), Quality Score 54/100, from 15 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 4432 calculated?
We run Hakers Enterprise Co Ltd through 15 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 19.38 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. Hakers Enterprise Co Ltd currently trades 25 % 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 Hakers Enterprise Co Ltd (4432)?
The closing price on Sep 24, 2026 was 15.50 TWD. Our model-based fair value is 19.38 TWD, about +25% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hakers Enterprise Co Ltd right now?
Solid quality (54/100) at a price below fair value, the discount is the argument here, not the business quality. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Hakers Enterprise Co Ltd
How large is the market capitalisation of Hakers Enterprise Co Ltd (4432)?
The market capitalisation of Hakers Enterprise Co Ltd is 784M TWD (≈ $24.6M). 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 Hakers Enterprise Co Ltd (4432)?
The price-to-sales ratio of Hakers Enterprise Co Ltd is 0.72 (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 Hakers Enterprise Co Ltd (4432)?
Earnings per share at Hakers Enterprise Co Ltd are 0.8800 TWD (price ÷ EPS = P/E 17.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Hakers Enterprise Co Ltd (4432)?
The dividend yield of Hakers Enterprise Co Ltd is 2.6% (payout 45.5%). 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 Hakers Enterprise Co Ltd (4432)?
The net margin of Hakers Enterprise Co Ltd is 4.1% (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 Hakers Enterprise Co Ltd (4432)?
The return on equity (ROE) of Hakers Enterprise Co Ltd is 11.2% (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 Hakers Enterprise Co Ltd (4432)?
On an EBIT basis the return on assets of Hakers Enterprise Co Ltd is 3.1% (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 Hakers Enterprise Co Ltd (4432)?
The operating margin of Hakers Enterprise Co Ltd is 2.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hakers Enterprise Co Ltd (4432)?
Revenue at Hakers Enterprise Co Ltd is growing −6.0% versus a year earlier (3y avg −10.9%). 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 Hakers Enterprise Co Ltd (4432)?
Earnings per share at Hakers Enterprise Co Ltd are growing +517% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Hakers Enterprise Co Ltd (4432) generate?
The free cash flow of Hakers Enterprise Co Ltd is −23.5M TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
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