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Jian Sin Industrial Co Ltd (4502) Fair Value & Analysis

Industrials · TW · Market cap 874M TWD (≈ $27.6M) · ISIN TW0004502000

What is Jian Sin Industrial Co Ltd really worth?

JS Jian Sin Industrial Co Ltd 4502 · TWO
Price15.70 TWD
Fair Value3.14 TWD
Upside−80.0%
Quality37/100

Below-average quality, and trading another 400% above our fair value of 3.14 TWD.

As of Sep 5, 2026, the fair value of Jian Sin Industrial Co Ltd is 3.14 TWD per share against a price of 15.70 TWD, so the fair value sits 80% below the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Risks

!Weak Growth (revenue 5y −8.4 %/yr)
!Loss-making · -8.5% net margin
!High debt · generates free cash flow
!Trails peers (4/13)
!Narrow moat 12/100
!Evidence only low, so the estimate is less certain
!Weak on balance sheet: 24 out of 100
!Weak on dividend: 22 out of 100
Evidence: Low Range 2.90 TWD – 3.52 TWD

Fair value as of: Sep 5, 2026

From 3 valuation models · updated yesterday

Fair value updated Sep 5, 2026, revised from 1.57 TWD to 3.14 TWD (+100.0%) since Aug 13, 2026. Share price −0.3% 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 sits above even our optimistic bull case (3.52 TWD). The favourable scenario is already priced in.
  • Weak quality (37/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Price vs Fair Value (5 years)

53.50 TWD 15.65 TWD Fair Value 3.14 TWD Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 5, 2026.

How to read this chart

60‑month range 15.65 TWD – 53.50 TWD · fair‑value band 2.90 TWD – 3.52 TWD · the 15.70 TWD price screens above the 3.14 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 5, 2026.

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Analysis

Jian Sin Industrial Co Ltd (4502) currently trades at 15.70 TWD, while our model-based Fair Value estimate is 3.14 TWD, implying the stock looks roughly 400.0% overvalued today. The Quality Score stands at 37/100 (below-average quality), in the Industrials sector. Bull case: the Asset-Based group reads highest at a median of 6.54 TWD per share, and 0 of the 3 models we run sit above the 15.70 TWD price. Bear case: the Dividend Discount group reads lowest at 1.48 TWD, and 3 of the 3 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Jian Sin Industrial Co Ltd generated revenue of 988M TWD at a net margin of −8.5%. Revenue grew 25.6% year over year. It earns a return on equity of −13.9%. Net debt stands at 1.4B TWD. Fundamentals as of Sep 5, 2026

Our scenario range runs from 2.90 TWD (bear case) to 3.52 TWD (bull case); at 15.70 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 20% below its 52-week high and 3% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at −58% fair-value upside, at −80%, 4502 screens richer 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
Gordon GGM best evidence 1.38 TWD 1.48 TWD 1.64 TWD 69
DDM Multi-Stage 1.38 TWD 1.64 TWD 1.98 TWD 67
NCAV (Graham) 4.88 TWD 6.54 TWD 9.76 TWD 54
All 3 models by family
Dividend Discount
Gordon GGM best evidence 1.38 TWD 1.48 TWD 1.64 TWD 69
DDM Multi-Stage 1.38 TWD 1.64 TWD 1.98 TWD 67
Asset-Based
NCAV (Graham) 4.88 TWD 6.54 TWD 9.76 TWD 54

Widest divergence: Asset-Based (6.54 TWD) versus Dividend Discount (1.48 TWD). Highest evidence: Gordon GGM (69).

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Key figures & financial health

P/S ratio 0.88 TTM
EPS (TTM) −1.51 TWD
Dividend yield 1.1%
Net margin −9.2% FY2025
Return on equity −13.9% TTM
Return on assets (EBIT) −0.6% avg 5y
More key figures
Profitability
Operating margin −0.7% TTM
Growth
Revenue (TTM) 988M TWD TTM
Revenue growth (YoY) +25.6% 3y avg −14.1%
EPS growth (YoY) +53.9%
Balance sheet & cash flow
Free cash flow 11.8M TWD FY2025
Net debt 1.4B TWD FY2025

Figures from reported company fundamentals · as of Sep 5, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 37/100

Of which business quality 34 · Market factors (momentum, volatility) 48

Profitability 7
Margins and returns on capital today
Quality Growth 22
Are margins and returns improving?
Cashflow 20
Earnings quality: real cash, not paper profit
Fin. Strength 12
Balance sheet, leverage, solvency risk
Investment 91
Disciplined investing over empire-building
Low Volatility 98
Calm price path (market factor)
Momentum 34
Price trend over the last 3–12 months (market factor)
52W Momentum 14
Distance to the 52-week high (market factor)
Net Issuance 95
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

Jian Sin Industrial Co., Ltd., together with its subsidiaries, engages in the manufacturing and trading of wheel rims and related parts in Taiwan, China, the United States, Japan, Europe, and internationally.

Full company description

Jian Sin Industrial Co., Ltd., together with its subsidiaries, engages in the manufacturing and trading of wheel rims and related parts in Taiwan, China, the United States, Japan, Europe, and internationally. The company offers tilt-cast aluminum, forged aluminum, magnesium, and forged magnesium wheels; and design engineering and finite element analysis services. It is also involved in general investment; alloy wheel sale; and aluminum ring manufacturing. The company was formerly known as Yuan Feng Industrial Co. Ltd. and changed its name to Jian Sin Industrial Co., Ltd. in July 2015. Jian Sin Industrial Co., Ltd. was founded in 1978 and is based in Changhua, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Jian Sin Industrial Co Ltd reported revenue of 937M TWD in FY2025 versus 1.4B TWD in FY2021, a compound −10.0%/yr. Reported net income was −86.1M TWD in FY2025.

Growth Quality 18/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
937M TWD
Latest YoY
−32.9%
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.
−14.1%
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.
−8.4%
Avg. revenue growth/yr (23Y) 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.
−5.8%
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.
−4.7% (2020) → −8.1% (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 −10.0%/yr
FY21 1.4B TWD
FY22 1.5B TWD
FY23 1.5B TWD
FY24 1.4B TWD
FY25 937M TWD
Net income
FY21 −145M TWD
FY22 −22.5M TWD
FY23 8.4M TWD
FY24 11.8M TWD
FY25 −86.1M TWD

4502 screens 400% overvalued. Compare with Carpenter Technology Corporation →

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Cite: Fair Value Calculator (2026). "Jian Sin Industrial Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/4502.TWO

Peer Group

Metal Fabrication · 249 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 37 · Bottom 25%
Fair Value upside −80% · Bottom 25%
Return on assets −2% · Bottom 25%
Net margin (TTM) −9% · Bottom 25%
Operating margin (TTM) −1% · Bottom 25%
Revenue growth 26% · Top 25%
Dividend yield (TTM) 1.1% · Below median
Debt / equity 1.53× · Higher than 75% of peers

Valuation Multiples vs Metal Fabrication median · lower = cheaper

P/B 0.05× · Cheaper than 75% of peers
P/S (TTM) 0.03× · Cheaper than 75% of peers
P/FCF 2.3× · Cheaper than median
EV/EBITDA 50.9× · Pricier 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
VALUE0 · sector 0
FUTURE100 · sector 35
PAST0 · sector 21
HEALTH24 · sector 95
DIVIDEND22 · sector 26

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

Similar stocks

10 more Metal Fabrication stocks, each showing price versus our Fair Value estimate (as of Sep 5, 2026).

Stock Price Fair Value vs Fair Value
Carpenter Technology Corporation CRS $490.58 $101.35 −79%
ATI Inc ATI $210.76 $35.74 −83%
Mueller Industries, Inc MLI $62.80 $59.33 −6%
Aurubis AG NDA €178.90 €223.43 +25%
China International Marine Containers (Group) Co 000039 ¥9.39 ¥3.39 −64%
Commercial Metals Company CMC $68.16 $13.01 −81%
JL Mag Rare-Earth Co 300748 ¥27.08 ¥8.34 −69%
Viohalco S.A VIO €16.46 €14.98 −9%
ESAB Corporation ESAB $86.05 $52.40 −39%
Ningbo Zhenyu Technology Co 300953 ¥104.36 ¥44.23 −58%

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Frequently asked questions

Is Jian Sin Industrial Co Ltd (4502) overvalued or undervalued?
As of Sep 5, 2026, our model estimates a fair value of 3.14 TWD versus a price of 15.70 TWD, about −80% upside (overvalued).
What is the fair value of 4502?
Our model-based fair value for Jian Sin Industrial Co Ltd is 3.14 TWD (as of Sep 5, 2026), built from audited fundamentals. The current price: 15.70 TWD.
What is the quality score of 4502?
Jian Sin Industrial Co Ltd has a Quality Score of 37/100. 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 Jian Sin Industrial Co Ltd (4502)?
Our model-based price target is the fair value of 3.14 TWD (as of Sep 5, 2026) from 3 valuation models. Cautious scenario 2.90 TWD, optimistic scenario 3.52 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Jian Sin Industrial Co Ltd stock forecast for 2026?
Our models put fair value at 3.14 TWD, about −80% upside versus a price of 15.70 TWD (overvalued). Cautious scenario 2.90 TWD, optimistic scenario 3.52 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Jian Sin Industrial Co Ltd (4502)?
Jian Sin Industrial Co Ltd reported trailing-twelve-month revenue of about 988M TWD (latest available figure, as of Sep 5, 2026).
What is the net profit margin of 4502?
The net profit margin of Jian Sin Industrial Co Ltd is about −8.5%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Jian Sin Industrial Co Ltd pay a dividend?
Jian Sin Industrial Co Ltd currently shows a dividend yield of about 1.12% relative to its recent price (as of Sep 5, 2026).
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