Jinan Acetate Chemical Co Ltd (4763) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Jinan Acetate Chemical Co Ltd stock TWD 28.88, price TWD 42.10, that is 31.4% below the price, quality 58 out of 100. Rating: overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.
How to read this chart
60‑month range 40.30 TWD – 1,235 TWD · fair‑value band 20.25 TWD – 43.14 TWD · the 42.10 TWD price screens above the 28.88 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.
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Jinan Acetate Chemical Co., Ltd., together with its subsidiaries, engages in the research and development, production, and sale of cellulose acetate, acetate tows, acetic anhydride, diacetate fiber filament, diacetate fiber tow, and other related products in Asia, Europe, America, and Africa.
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The company also engages in investment activities. Its products are used in cigarette filters, fountain pen refills, and absorbent layers for diapers and masks. Jinan Acetate Chemical Co., Ltd. was founded in 1999 and is based in Grand Cayman, the Cayman Islands.
Stock analysis
Jinan Acetate Chemical Co Ltd (4763) currently trades at 42.10 TWD, while our model-based Fair Value estimate is 28.88 TWD, 31% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 191.40 TWD per share, and 22 of the 26 models we run sit above the 42.10 TWD price.
Bear case: the Asset-Based group reads lowest at 15.75 TWD, and 4 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 20.25 TWD (bear) to 43.14 TWD (bull), the price of 42.10 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 58/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Spin-off in 2023: revenue and profit before it include the divested business. Growth is measured afresh from 2023.
Jinan Acetate Chemical Co Ltd reported revenue of 13.2B TWD in FY2025 versus 2.7B TWD in FY2021, a compound +48.6%/yr. Reported net income was 6.0B TWD in FY2025, compounding +102.8%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 41.9B TWD (≈ $1.3B) Small · P/E ratio 10.1 · P/S ratio 3.89 · EPS (TTM) 4.17 TWD · Dividend yield 7.2% · Net margin 38.3% · Return on equity 23.1% · Return on assets (EBIT) 31.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 88 out of 100 (medium confidence).
What moves the price
The share trades about 32% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −43% fair-value upside, at −31%, 4763 screens cheaper than that median.
Fair Value models
Bear20.25 TWDFair Value 28.88 TWDBull43.14 TWD
Price 42.10 TWD · Downside -31.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (0.9574 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.
Best data coverage
FCF DCF51.95 TWD71.48 TWD129.63 TWD78
Growth DCF49.20 TWD75.38 TWD123.26 TWD77
Residual Income31.40 TWD37.83 TWD57.91 TWD75
All 26 models by family
DCF Models
FCF DCF51.95 TWD71.48 TWD129.63 TWD78
Owner Earnings51.59 TWD96.99 TWD180.42 TWD73
5Y Revenue Exit33.02 TWD45.99 TWD72.72 TWD72
5Y EBITDA Exit60.65 TWD101.78 TWD182.44 TWD72
5Y P/E Exit76.08 TWD164.74 TWD286.43 TWD67
10Y Revenue Exit39.08 TWD63.99 TWD76.45 TWD68
10Y EBITDA Exit57.87 TWD117.73 TWD222.05 TWD65
10Y P/E Exit68.06 TWD147.75 TWD280.35 TWD60
Earnings-Based
Graham-Dodd41.59 TWD290.04 TWD407.03 TWD63
Lynch FV114.48 TWD163.55 TWD212.61 TWD61
PEG = 1.0114.48 TWD163.55 TWD212.61 TWD57
EPV53.54 TWD59.56 TWD64.55 TWD74
Dividend Discount
Gordon GGM36.39 TWD64.83 TWD88.39 TWD68
DDM Multi-Stage36.39 TWD59.58 TWD69.34 TWD67
Multiples
P/E Multiple77.98 TWD103.97 TWD129.97 TWD63
P/S Multiple15.05 TWD20.06 TWD25.08 TWD58
P/B Multiple42.90 TWD57.21 TWD71.51 TWD55
EV/EBIT82.32 TWD106.89 TWD131.47 TWD66
EV/EBITDA64.03 TWD82.51 TWD100.98 TWD67
EV/Revenue22.65 TWD28.67 TWD34.69 TWD54
Asset-Based
NCAV (Graham)10.40 TWD15.75 TWD19.69 TWD54
Growth DCF
Growth DCF49.20 TWD75.38 TWD123.26 TWD77
Rev-Margin DCF33.48 TWD51.42 TWD85.56 TWD71
Economic Profit
Residual Income31.40 TWD37.83 TWD57.91 TWD75
ROIC Compounder62.25 TWD79.66 TWD101.02 TWD72
Growth Earnings
Growth-Adj P/E133.98 TWD191.40 TWD248.82 TWD67
The fair value above starts from this blend and is adjusted for a cyclical peak year.
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.55/100
Spin-off in 2023: revenue and profit before it include the divested business. Growth is measured afresh from 2023.
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.
+13.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.4%
Dividend (yield on the price)7.2%
Per share before 2023divided by the spin-off factor 1.018
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.6.4% vs 4.0%, steady
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.22% → 53%
Pace: the 5-year rate starts in 2020 (pandemic)
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).
−1.9%
The company could shrink this much every year for the next five years and today's price would still be justified.
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 −3.4% a year for the price.
Compare Jinan Acetate Chemical 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.Specialty Chemicals · 727 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score58 · Above median
Fair Value upside−31.4% · Below median
Profitability
Return on equity (12 months)23.1% · Top 25%
Return on assets27.7% · Top 25%
Net margin (12 months)38.3% · Top 25%
Operating margin (12 months)34.2% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−26.3% · Bottom 25%
Dividend yield (12 months)7.2% · Top 25%
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
P/E (12 months)10.1× · Cheapest 25%
P/B2.10× · Pricier than median
P/S (12 months)3.89× · Priciest 25%
Price / free cash flow (fiscal year)13.1× · Cheaper than median
EV/EBITDA6.2× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 67
PAST (return on equity)92· sector 26
HEALTH (low debt)100· sector 95
DIVIDEND (yield)100· sector 30
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). "Jinan Acetate Chemical Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/4763
Frequently asked questions
Is Jinan Acetate Chemical Co Ltd (4763) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 28.88 TWD versus a price of 42.10 TWD, about 31% lower (overvalued).
What is the fair value of 4763?
Our model-based fair value for Jinan Acetate Chemical Co Ltd is 28.88 TWD (as of Nov 3, 2026), built from audited fundamentals. The current price: 42.10 TWD.
What is the quality score of 4763?
Jinan Acetate Chemical Co Ltd has a Quality Score of 58/100. 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 Jinan Acetate Chemical Co Ltd (4763)?
Our model-based price target is the fair value of 28.88 TWD (as of Nov 3, 2026) from 26 valuation models. Cautious scenario 20.25 TWD, optimistic scenario 43.14 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Jinan Acetate Chemical Co Ltd stock forecast for 2026?
Our models put fair value at 28.88 TWD, about 31% lower versus a price of 42.10 TWD (overvalued). Cautious scenario 20.25 TWD, optimistic scenario 43.14 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Jinan Acetate Chemical Co Ltd (4763)?
Jinan Acetate Chemical Co Ltd reported trailing-twelve-month revenue of about 10.8B TWD (latest available figure, as of Nov 3, 2026).
Does Jinan Acetate Chemical Co Ltd pay a dividend?
Jinan Acetate Chemical Co Ltd currently shows a dividend yield of 7.24% relative to its recent price (as of Nov 3, 2026).
How much is the dividend of Jinan Acetate Chemical Co Ltd (4763) and when is the ex-dividend date?
Jinan Acetate Chemical Co Ltd pays a dividend of 3.05 TWD per share a year, a dividend yield of 7.2%. The last ex-dividend date was Sep 16, 2026. The payout ratio is 73.1% of earnings. Free cash flow covers the dividend 1.06 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Jinan Acetate Chemical Co Ltd (4763)?
For today's price to be fair in a discounted-cash-flow model, Jinan Acetate Chemical Co Ltd would have to grow free cash flow by -1.9 % per year for five years (discount rate 11.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +41.3 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of 4763 use?
Our models discount Jinan Acetate Chemical Co Ltd at 11.2 %: a base by market capitalisation (small), damped by beta 0.81, 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 Jinan Acetate Chemical Co Ltd that is -1.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.2 %) and the same formula as our fair value.
How much growth has Jinan Acetate Chemical Co Ltd (4763) delivered so far?
Over the past 5 years revenue at Jinan Acetate Chemical Co Ltd grew +41.3 % a year. The price currently implies free-cash-flow growth of -1.9 % per 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 Jinan Acetate Chemical Co Ltd (4763) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Jinan Acetate Chemical Co Ltd (-1.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Jinan Acetate Chemical Co Ltd (4763)?
The free-cash-flow yield on the price is 7.65 %: that much free cash flow Jinan Acetate Chemical Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Jinan Acetate Chemical Co Ltd (4763)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Jinan Acetate Chemical Co Ltd it is 28.88 TWD per share (as of Nov 3, 2026), against a price of 42.10 TWD. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Jinan Acetate Chemical Co Ltd stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 4763 trades above its calculated fair value: price 42.10 TWD, fair value 28.88 TWD, a gap of about −31% (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 4763?
No. The price is what the market pays today (42.10 TWD); the fair value is what the company's own numbers justify (28.88 TWD). For Jinan Acetate Chemical Co Ltd the two are 13.22 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Jinan Acetate Chemical Co Ltd worth?
The market values Jinan Acetate Chemical Co Ltd at about 41.9B TWD (market capitalisation, as of Nov 3, 2026). Per share that is 42.10 TWD; our models calculate a fair value of 28.88 TWD per share.
What do the bullish and bearish scenarios say about 4763?
Our models span a range for Jinan Acetate Chemical Co Ltd: cautious scenario 20.25 TWD, base 28.88 TWD, optimistic 43.14 TWD per share (as of Nov 3, 2026, price 42.10 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 4763?
Jinan Acetate Chemical Co Ltd trades at a price-to-earnings ratio of 10.1 (as of Nov 3, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 28.88 TWD is built from several models across several years. Other multiples: P/B 2.1, P/S 3.9, EV/EBITDA 6.2.
How solid is the balance sheet of Jinan Acetate Chemical Co Ltd (4763)?
Balance-sheet figures for Jinan Acetate Chemical Co Ltd (as of Nov 3, 2026): return on equity 23.1%. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is 4763 from its 52-week high?
Jinan Acetate Chemical Co Ltd trades at 42.10 TWD, about 32% below its 52-week high of 61.70 TWD and 4% above the low of 40.30 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 28.88 TWD is for.
Which stocks are comparable to Jinan Acetate Chemical Co Ltd?
From the same area (Basic Materials) we also value Linde plc, Ecolab Inc, The Sherwin-Williams Company, Nan Ya Plastics Corporation, 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 Jinan Acetate Chemical Co Ltd stock attractive at the current price?
The data as of Nov 3, 2026: price 42.10 TWD, calculated fair value 28.88 TWD (−31%), Quality Score 58/100, from 26 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 4763 calculated?
We run Jinan Acetate Chemical Co Ltd through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 28.88 TWD builds on their evidence-weighted average, 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. Jinan Acetate Chemical 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 Jinan Acetate Chemical Co Ltd (4763)?
The closing price on Nov 6, 2026 was 42.10 TWD. Our model-based fair value is 28.88 TWD, about 31% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Jinan Acetate Chemical Co Ltd right now?
Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (20.25 TWD to 43.14 TWD) leaves room in how you read the outcome.
Where does the earnings growth of Jinan Acetate Chemical Co Ltd (4763) come from?
Earnings per share at Jinan Acetate Chemical Co Ltd grew +16.9 % a year from 2014 to 2025. Broken into its drivers: revenue per share +4.4 %, EBIT margin +13.6 %, tax rate −0.5 %, residual (interest, one-offs) −0.9 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Jinan Acetate Chemical Co Ltd
How large is the market capitalisation of Jinan Acetate Chemical Co Ltd (4763)?
The market capitalisation of Jinan Acetate Chemical Co Ltd is 41.9B TWD (≈ $1.3B). 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 Jinan Acetate Chemical Co Ltd (4763)?
The price-to-sales ratio of Jinan Acetate Chemical Co Ltd is 3.89 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Jinan Acetate Chemical Co Ltd (4763)?
Earnings per share at Jinan Acetate Chemical Co Ltd are 4.17 TWD (price ÷ EPS = P/E 10.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Jinan Acetate Chemical Co Ltd (4763)?
The dividend yield of Jinan Acetate Chemical Co Ltd is 7.2% (payout 73.1%). 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 Jinan Acetate Chemical Co Ltd (4763)?
The net margin of Jinan Acetate Chemical Co Ltd is 38.3% (last twelve months). 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 Jinan Acetate Chemical Co Ltd (4763)?
The return on equity (ROE) of Jinan Acetate Chemical Co Ltd is 23.1% (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 Jinan Acetate Chemical Co Ltd (4763)?
On an EBIT basis the return on assets of Jinan Acetate Chemical Co Ltd is 31.4% (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 Jinan Acetate Chemical Co Ltd (4763)?
The operating margin of Jinan Acetate Chemical Co Ltd is 34.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Jinan Acetate Chemical Co Ltd (4763)?
Revenue at Jinan Acetate Chemical Co Ltd is growing −26.3% versus a year earlier (3y avg +45.8%). 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 Jinan Acetate Chemical Co Ltd (4763)?
Earnings per share at Jinan Acetate Chemical Co Ltd are growing −58.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Jinan Acetate Chemical Co Ltd (4763) hold?
Jinan Acetate Chemical Co Ltd holds more cash than debt, 8.5B TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 3, 2026