EN DE

Bright Sheland International Co (4556) Fair Value & Analysis

Industrials · TW · Market cap 5.6B TWD

BS Bright Sheland International Co 4556 · TWO
Price83.80 TWD
Fair Value17.93 TWD
Upside-78.6%
Quality65/100
Watch Bright Sheland International Co for free, get notified when fair value or trend changes. Watch for free
Mixed Growth
Thin margins · 6.2% net margin
Low debt · generates free cash flow
0.45% dividend yield
Mixed vs. peers (7/14)
Narrow moat 36/100
Evidence: High Range 11.75 TWD – 24.14 TWD Share as image

Fair value as of: Jul 23, 2026

From 25 valuation models · updated 18 days ago

Share price −17.0% over the past month.

A solid business, but screening 79% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (24.14 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (65/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (11.75 TWD to 24.14 TWD) leaves room in how you read the outcome.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

132.50 TWD 22.30 TWD Fair Value 17.93 TWD Jul 2020 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 22.30 TWD – 132.50 TWD · fair‑value band 11.75 TWD – 24.14 TWD · the 83.80 TWD price screens above the 17.93 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Bright Sheland International Co (4556) currently trades at 83.80 TWD, while our model-based Fair Value estimate is 17.93 TWD, implying the stock looks roughly 78.6% overvalued today. The Quality Score stands at 65/100 (solid quality), in the Industrials 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: high).

Over the trailing twelve months, Bright Sheland International Co generated revenue of 699M TWD at a net margin of 6.2%. Revenue grew 18.5% year over year. It earns a return on equity of 5.2%. Net debt stands at 292M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 11.75 TWD (bear case) to 24.14 TWD (bull case); at 83.80 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 near its 52-week high and 276% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -79%, 4556 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
Growth DCF 23.00 TWD 30.31 TWD 39.84 TWD 80
Residual Income 14.62 TWD 14.62 TWD 13.51 TWD 76
Rev-Margin DCF 18.21 TWD 25.08 TWD 32.49 TWD 74
All 25 models by family
DCF Models
FCF DCF 22.49 TWD 30.39 TWD 41.12 TWD 38
Owner Earnings 22.10 TWD 29.83 TWD 40.35 TWD 31
5Y Revenue Exit 18.21 TWD 24.80 TWD 32.79 TWD 39
5Y EBITDA Exit 25.76 TWD 38.19 TWD 52.01 TWD 41
5Y P/E Exit 18.35 TWD 25.06 TWD 31.65 TWD 38
10Y Revenue Exit 19.33 TWD 25.43 TWD 32.75 TWD 36
10Y EBITDA Exit 24.31 TWD 34.26 TWD 46.40 TWD 37
10Y P/E Exit 19.79 TWD 25.60 TWD 31.94 TWD 35
Earnings-Based
Graham-Dodd 6.27 TWD 14.40 TWD 18.48 TWD 54
PEG = 1.0 2.41 TWD 3.45 TWD 4.48 TWD 46
EPV 13.79 TWD 15.47 TWD 16.91 TWD 59
Dividend Discount
Gordon GGM 2.63 TWD 4.29 TWD 6.12 TWD 70
DDM Multi-Stage 2.63 TWD 3.81 TWD 5.06 TWD 61
Multiples
P/E Multiple 14.52 TWD 19.36 TWD 24.20 TWD 63
P/S Multiple 11.75 TWD 15.67 TWD 19.59 TWD 58
P/B Multiple 11.75 TWD 15.67 TWD 19.59 TWD 55
EV/EBIT 21.79 TWD 28.00 TWD 34.21 TWD 53
EV/EBITDA 31.30 TWD 40.68 TWD 50.06 TWD 54
EV/Revenue 16.46 TWD 22.15 TWD 27.85 TWD 43
Asset-Based
NCAV (Graham) 9.76 TWD 13.07 TWD 19.51 TWD 50
Growth DCF
Growth DCF 23.00 TWD 30.31 TWD 39.84 TWD 80
Rev-Margin DCF 18.21 TWD 25.08 TWD 32.49 TWD 74
Economic Profit
Residual Income 14.62 TWD 14.62 TWD 13.51 TWD 76
ROIC Compounder 13.79 TWD 15.47 TWD 16.91 TWD 72
Growth Earnings
Growth-Adj P/E 10.92 TWD 15.60 TWD 20.28 TWD 68

Widest divergence: DCF Models (25.60 TWD) versus Dividend Discount (3.81 TWD). Highest evidence: Growth DCF (80).

Notify me when 4556 reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) 699M TWD
Revenue growth (YoY) +18.5%
Net margin 6.2%
Return on equity 5.2%
Free cash flow 81.0M TWD FY2025
P/E ratio 72.6
More key figures
Operating margin 6.7%
EPS (TTM) 0.9200 TWD
Dividend yield 1.0%
EPS growth (YoY) +565%
Net debt 292M TWD FY2025

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

Quality Score breakdown

Overall quality 65/100

Of which business quality 64 · Market factors (momentum, volatility) 79

Profitability 29
Margins and returns on capital today
Quality Growth 45
Are margins and returns improving?
Cashflow 72
Earnings quality: real cash, not paper profit
Fin. Strength 66
Balance sheet, leverage, solvency risk
Investment 98
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 77
Distance to the 52-week high (market factor)
Net Issuance 90
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

Bright Sheland International Co., Ltd. researches, develops, manufactures, markets, and sells water filters and compressed air separation systems under the Filtrafine brand in Taiwan and internationally.

Full company description

Bright Sheland International Co., Ltd. researches, develops, manufactures, markets, and sells water filters and compressed air separation systems under the Filtrafine brand in Taiwan and internationally. The company offers depth, string wound, activated carbon, pleated, membrane, glass fiber, high flow, and stainless steel cartridges; filter bag; and plastic, single SS, multiple SS, bag, high flow, sanitary, gas and steam, and customized filter housings. It also provides UV disinfection and TOC reduction units, spare parts; melt brown fabric; PP stable fiber; and laboratory services for filtration. The company serves microelectronics, oil and gas, water treatment, and food and beverage industries. Bright Sheland International Co., Ltd. was founded in 1985 and is based in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Bright Sheland International Co reported revenue of 673M TWD in FY2025 versus 591M TWD in FY2021, a compound +3.3%/yr. Reported net income was 39.0M TWD in FY2025, compounding +33.2%/yr from FY2021.

Growth Quality 64/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
673M TWD
Latest YoY
−3.7%
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.
−1.3%
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.
+5.7%
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.
+6.5%
Revenue +3.3%/yr
FY21 591M TWD
FY22 699M TWD
FY23 604M TWD
FY24 699M TWD
FY25 673M TWD
Net income +33.2%/yr
FY21 12.4M TWD
FY22 32.7M TWD
FY23 4.1M TWD
FY24 14.3M TWD
FY25 39.0M TWD

4556 screens 79% overvalued. Compare with Veralto Corporation →

Share or link this analysis
For bloggers & editors: embed code + live data

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). "Bright Sheland International Co Fair Value". https://www.fairvalue-calculator.com/stock/4556

Peer Group

Pollution & Treatment Controls · 91 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 65 · Top 25%
Fair Value upside −79% · Bottom 25%
Return on equity (TTM) 5% · Above median
Return on assets 3% · Above median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 7% · Above median
Revenue growth 19% · Above median
Dividend yield (TTM) 0.5% · Bottom 25%
Debt / equity 0.18× · Higher than median

Valuation Multiples vs Pollution & Treatment Controls median · lower = cheaper

P/E (TTM) 145.6× · Pricier than 75% of peers
P/B 6.79× · Pricier than 75% of peers
P/S (TTM) 8.01× · Pricier than 75% of peers
P/FCF 2.2× · Cheaper than median
EV/EBITDA 48.0× · Pricier than 75% of peers

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 0
FUTURE 93 · sector 14
PAST 21 · sector 10
HEALTH 91 · sector 95
DIVIDEND 9 · sector 37

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 Pollution & Treatment Controls stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
Veralto Corporation VLTO $94.21 $69.11 -27%
Zurn Elkay Water Solutions Corporation ZWS $47.63 $24.92 -48%
Canmax Technologies Co 300390 ¥57.02 ¥10.41 -82%
CECO Environmental Corp CECO $83.63 $15.19 -82%
Fujian Longking Co 600388 ¥17.58 ¥15.59 -11%
Munters Group MTRS kr 166.60 kr 16.90 -90%
China Conch Venture Holdings 0586 HK$8.83 HK$14.14 +60%
Mega Union Technology Inc 6944 1,005 TWD 539.58 TWD -46%
MayAir Technology (China) Co 688376 ¥96.57 ¥18.80 -81%
Shanghai Emperor of Cleaning Hi-Tech Co 603200 ¥38.97 ¥5.73 -85%

Compare Bright Sheland International Co with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Industrials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Bright Sheland International Co (4556) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 17.93 TWD versus a price of 83.80 TWD, about −79% (overvalued).
What is the fair value of 4556?
Our model-based fair value for Bright Sheland International Co is 17.93 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 83.80 TWD.
What is the quality score of 4556?
Bright Sheland International Co has a Quality Score of 65/100. 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 Bright Sheland International Co (4556)?
Bright Sheland International Co reported trailing-twelve-month revenue of about 699M TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 4556?
The net profit margin of Bright Sheland International Co is about 6.2%, meaning it keeps roughly 6.2% of revenue as net income. Based on the latest reported figures.
Does Bright Sheland International Co pay a dividend?
Bright Sheland International Co currently shows a dividend yield of about 0.99% 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.

14 days Pro free · no card

Track Bright Sheland International Co and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.