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Singtex Industrial Co (4433) Fair Value & Analysis

Consumer Cyclical · TW · Market cap 1.2B TWD

SI Singtex Industrial Co 4433 · TWO
Price19.60 TWD
Fair Value22.91 TWD
Upside+16.9%
Quality38/100
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Expensive Growth
Thin margins · 1.6% net margin
Moderate debt · negative free cash flow
5.05% dividend yield
Mixed vs. peers (7/13)
Narrow moat 22/100
Evidence: High Range 13.50 TWD – 22.91 TWD Share as image

Fair value as of: Jul 23, 2026

From 16 valuation models · updated 18 days ago

Share price −3.4% over the past month.

Below-average quality, screening 17% undervalued on our models.

What matters now

  • Our model range runs from 13.50 TWD (bear) to 22.91 TWD (bull), base 22.91 TWD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 38/100 (below-average quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

40.03 TWD 19.50 TWD Fair Value 22.91 TWD Mar 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 19.50 TWD – 40.03 TWD · fair‑value band 13.50 TWD – 22.91 TWD · the 19.60 TWD price screens below the 22.91 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Singtex Industrial Co (4433) currently trades at 19.60 TWD, while our model-based Fair Value estimate is 22.91 TWD, implying the stock looks roughly 16.9% undervalued today. The Quality Score stands at 38/100 (below-average quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Singtex Industrial Co generated revenue of 3.5B TWD at a net margin of 1.6%. Revenue declined 17.0% year over year. It earns a return on equity of 5.5%. Net debt stands at 3.4B TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 13.50 TWD (bear case) to 22.91 TWD (bull case); at 19.60 TWD, the current price sits within 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 35% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -27% fair-value upside, at 17%, 4433 screens cheaper 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
Residual Income 22.32 TWD 21.74 TWD 17.73 TWD 76
ROIC Compounder 4.37 TWD 6.91 TWD 9.03 TWD 72
Gordon GGM 7.77 TWD 14.00 TWD 19.27 TWD 70
All 16 models by family
Earnings-Based
Graham-Dodd 7.20 TWD 32.38 TWD 44.38 TWD 54
Lynch FV 8.44 TWD 12.06 TWD 15.68 TWD 50
PEG = 1.0 8.44 TWD 12.06 TWD 15.68 TWD 46
EPV 4.37 TWD 6.91 TWD 9.03 TWD 59
Dividend Discount
Gordon GGM 7.77 TWD 14.00 TWD 19.27 TWD 70
DDM Multi-Stage 7.77 TWD 12.79 TWD 14.96 TWD 61
Multiples
P/E Multiple 17.47 TWD 23.29 TWD 29.11 TWD 63
P/S Multiple 13.50 TWD 18.00 TWD 22.50 TWD 58
P/B Multiple 13.50 TWD 18.00 TWD 22.50 TWD 55
EV/EBIT 23.00 TWD 35.43 TWD 47.85 TWD 53
EV/EBITDA 44.73 TWD 64.40 TWD 84.07 TWD 54
EV/Revenue 10.85 TWD 21.62 TWD 32.39 TWD 43
Asset-Based
NCAV (Graham) 16.05 TWD 21.51 TWD 32.11 TWD 50
Economic Profit
Residual Income 22.32 TWD 21.74 TWD 17.73 TWD 76
ROIC Compounder 4.37 TWD 6.91 TWD 9.03 TWD 72
Growth Earnings
Growth-Adj P/E 14.08 TWD 20.12 TWD 26.16 TWD 68

Widest divergence: Multiples (21.62 TWD) versus Economic Profit (6.91 TWD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 3.5B TWD
Revenue growth (YoY) -17.0%
Net margin 1.6%
Return on equity 5.5%
Free cash flow −355M TWD FY2025
P/E ratio 19.6
More key figures
Operating margin -6.9%
EPS (TTM) 1.05 TWD
Dividend yield 4.9%
EPS growth (YoY) -54.0%
Net debt 3.4B TWD FY2025

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

Quality Score breakdown

Overall quality 38/100

Of which business quality 35 · Market factors (momentum, volatility) 36

Profitability 23
Margins and returns on capital today
Quality Growth 47
Are margins and returns improving?
Cashflow 7
Earnings quality: real cash, not paper profit
Fin. Strength 20
Balance sheet, leverage, solvency risk
Investment 68
Disciplined investing over empire-building
Low Volatility 84
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 1
Distance to the 52-week high (market factor)
Net Issuance 81
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

Singtex Industrial Co., Ltd. engages in the manufacture and sale of textiles using eco-friendly materials in Asia, the United States, Europe, and internationally. The company offers yarns, such as partially oriented yarn, draw textured yarn, and air-textured yarn.

Full company description

Singtex Industrial Co., Ltd. engages in the manufacture and sale of textiles using eco-friendly materials in Asia, the United States, Europe, and internationally. The company offers yarns, such as partially oriented yarn, draw textured yarn, and air-textured yarn. It provides fabrics for sports clothing, outdoor recreation clothing, home clothing, casual clothing, underwear, bed ware and accessories, hiking, outdoor recreation, home clothing and basic mountain climbing, golf, mountaineering, cycling, rock-climbing and other outdoor activities, and protection wear. In addition, the company offers garment services, including communication, design, and production during the customization process, as well as involved in the trading activities. Singtex Industrial Co., Ltd. was founded in 1989 is headquartered in New Taipei City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Singtex Industrial Co reported revenue of 3.6B TWD in FY2025 versus 2.9B TWD in FY2021, a compound +5.8%/yr. Reported net income was 64.0M TWD in FY2025, compounding +3.0%/yr from FY2021.

Growth Quality 52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
3.6B TWD
Latest YoY
+12.1%
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.
+3.9%
Avg. 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.
+11.4%
Avg. growth/yr (8Y) 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.
+11.6%
Revenue +5.8%/yr
FY21 2.9B TWD
FY22 3.2B TWD
FY23 3.0B TWD
FY24 3.2B TWD
FY25 3.6B TWD
Net income +3.0%/yr
FY21 56.8M TWD
FY22 138M TWD
FY23 32.1M TWD
FY24 43.7M TWD
FY25 64.0M TWD

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Cite: Fair Value Calculator (2026). "Singtex Industrial Co Fair Value". https://www.fairvalue-calculator.com/stock/4433

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 38 · Bottom 25%
Fair Value upside +17% · Above median
Return on equity (TTM) 5% · Above median
Return on assets 1% · Below median
Net margin (TTM) 2% · Below median
Operating margin (TTM) -7% · Bottom 25%
Revenue growth -17% · Bottom 25%
Dividend yield (TTM) 5.1% · Top 25%
Debt / equity 0.98× · Higher than 75% of peers

Valuation Multiples vs Textile Manufacturing median · lower = cheaper

P/E (TTM) 18.7× · Cheaper than median
P/B 0.61× · Cheaper than 75% of peers
P/S (TTM) 0.34× · Cheaper than median
EV/EBITDA 6.9× · Cheaper 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 56 · sector 8
FUTURE 0 · sector 0
PAST 22 · sector 15
HEALTH 51 · sector 95
DIVIDEND 100 · sector 34

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%
HMT (Xiamen) New Technical Materials Co 603306 ¥91.75 ¥12.85 -86%
Far Eastern New Century Corporation 1402 27.55 TWD 28.72 TWD +4%
K.P.R. Mill Limited KPRMILL ₹1,083 ₹467.49 -57%
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 Singtex Industrial Co (4433) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 22.91 TWD versus a price of 19.60 TWD, about +17% (undervalued).
What is the fair value of 4433?
Our model-based fair value for Singtex Industrial Co is 22.91 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 19.60 TWD.
What is the quality score of 4433?
Singtex Industrial Co has a Quality Score of 38/100. 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 Singtex Industrial Co (4433)?
Singtex Industrial Co reported trailing-twelve-month revenue of about 3.5B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 4433?
The net profit margin of Singtex Industrial Co is about 1.6%, meaning it keeps roughly 1.6% of revenue as net income. Based on the latest reported figures.
Does Singtex Industrial Co pay a dividend?
Singtex Industrial Co currently shows a dividend yield of about 4.87% relative to its recent price (as of Jul 23, 2026).

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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