Taiwan Enterprise(Cayman)Co (5906) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Taiwan Enterprise(Cayman)Co stock TWD 17.46, price TWD 40.00, that is 56.4% below the price, quality 41 out of 100. Rating: strongly overvalued. Calculated from audited financials with 24 of our 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 9, 2026.
How to read this chart
60‑month range 25.67 TWD – 84.88 TWD · fair‑value band 13.09 TWD – 21.82 TWD · the 40.00 TWD price screens above the 17.46 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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Tainan Enterprise (Cayman) Co., Limited designs, develops, produces, and sells clothing products in China. The company operates as sales representative of FILA and Reebok brand apparel and accessories. It acts as an agent for CAMEL ACTIVE, NEW MAN, and U BY UNGARO brands.
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The company was founded in 1999 and is headquartered in Grand Cayman, the Cayman Islands.
Stock analysis
Taiwan Enterprise(Cayman)Co (5906) currently trades at 40.00 TWD, while our model-based Fair Value estimate is 17.46 TWD, 56% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 24.36 TWD per share, and 2 of the 23 models we run sit above the 40.00 TWD price.
Bear case: the Dividend Discount group reads lowest at 7.04 TWD, and 21 of the 23 models stay below the price. Data coverage for this calculation is medium.
Scenario range: 13.09 TWD (bear) to 21.82 TWD (bull), the price of 40.00 TWD sits above 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 41/100 (below-average 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.
Taiwan Enterprise(Cayman)Co reported revenue of 1.7B TWD in FY2025 versus 1.5B TWD in FY2021, a compound +2.5%/yr. Reported net income was 35.0M TWD in FY2025, compounding −24.0%/yr from FY2021.
Key figures
Market cap 1.4B TWD (≈ $43.1M) Micro · P/E ratio 800.0 · P/S ratio 0.85 · EPS (TTM) 0.0500 TWD · Dividend yield 0.5% · Net margin 0.1% · Return on equity −1.0% · Return on assets (EBIT) 7.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 22 out of 100 (low confidence).
What moves the price
The share trades about 25% below its 52-week high and 14% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −7% fair-value upside, at −56%, 5906 screens richer than that median.
Fair Value models
Bear13.09 TWDFair Value 17.46 TWDBull21.82 TWD
Price 40.00 TWD · Downside -56.4%
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.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 DCF20.50 TWD26.55 TWD36.97 TWD81
Growth DCF21.17 TWD26.94 TWD36.12 TWD80
Owner Earnings18.54 TWD23.93 TWD33.24 TWD77
All 24 models by family
DCF Models
FCF DCF20.50 TWD26.55 TWD36.97 TWD81
Owner Earnings18.54 TWD23.93 TWD33.24 TWD77
5Y Revenue Exit16.20 TWD21.32 TWD28.73 TWD73
5Y EBITDA Exit27.36 TWD40.63 TWD58.19 TWD75
5Y P/E Exit17.56 TWD23.66 TWD30.99 TWD72
10Y Revenue Exit17.64 TWD21.44 TWD25.40 TWD68
10Y EBITDA Exit24.31 TWD32.71 TWD41.71 TWD69
10Y P/E Exit18.69 TWD22.81 TWD26.65 TWD65
Earnings-Based
Graham-Dodd6.35 TWD7.76 TWD8.73 TWD67
EPV9.89 TWD11.01 TWD11.96 TWD74
Dividend Discount
Gordon GGM6.14 TWD6.65 TWD7.42 TWD69
DDM Multi-Stage6.14 TWD7.43 TWD9.14 TWD67
Multiples
P/E Multiple15.40 TWD20.54 TWD25.67 TWD63
P/S Multiple11.90 TWD15.87 TWD19.84 TWD58
P/B Multiple45.81 TWD61.09 TWD76.36 TWD55
EV/EBITn/a1.45 TWD>5.80 TWD61
EV/EBITDA13.21 TWD24.92 TWD36.64 TWD64
EV/Revenuen/an/a0.0200 TWD50
Asset-Based
NCAV (Graham)7.64 TWD10.23 TWD15.27 TWD54
Growth DCF
Growth DCF21.17 TWD26.94 TWD36.12 TWD80
Rev-Margin DCF16.20 TWD21.78 TWD28.75 TWD74
Economic Profit
Residual Income12.16 TWD12.56 TWD13.35 TWD76
ROIC Compounder9.89 TWD11.01 TWD11.96 TWD72
Growth Earnings
Growth-Adj P/E10.86 TWD15.51 TWD20.16 TWD67
The fair value above starts from this blend and is adjusted for dilution from new shares.
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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−7.0%
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.
−4.6%
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.
−1.2%
Start year 2020 (pandemic). Over 10 years: +4.3% a year
Revenue growth 16 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.
−1.7%
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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.
−13.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year−14.4%
Dividend (yield on the price)0.5%
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.7% → 3%
⚠ Revenue per share shrinking 5.1%/yr over ~10Y (margin trend unclear) ⓘ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.
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+18.5%
Yearly growth needed for the next five years to justify today's price.
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 +16.6% a year for the price.
Compare Taiwan Enterprise(Cayman)Co 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.Apparel Manufacturing · 213 stocks
Beats the industry median on 1/13 measures
Overall it trails its industry peers.
Valuation
Quality Score41 · Bottom 25%
Fair Value upside−56.4% · Bottom 25%
Profitability
Return on assets1.8% · Below median
Net margin (12 months)0.1% · Below median
Operating margin (12 months)−1.1% · Below median
Growth and dividend
Revenue growth (quarter YoY)10.3% · Above median
Dividend yield (12 months)0.5% · Bottom 25%
Balance sheet
Debt / equity0.11× · Above median
Valuation Multiplesvs Apparel Manufacturing median · lower = cheaper
P/E (12 months)800.0× · Priciest 25%
P/B2.38× · Priciest 25%
P/S (12 months)0.85× · Pricier than median
Price / free cash flow (fiscal year)21.3× · Pricier than median
EV/EBITDA17.3× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 42
FUTURE (revenue growth)52· sector 14
PAST (return on equity)0· sector 22
HEALTH (low debt)95· sector 98
DIVIDEND (yield)10· sector 64
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). "Taiwan Enterprise(Cayman)Co Fair Value". https://www.fairvalue-calculator.com/stock/5906
Frequently asked questions
Is Taiwan Enterprise(Cayman)Co (5906) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 17.46 TWD versus a price of 40.00 TWD, about 56% lower (overvalued).
What is the fair value of 5906?
Our model-based fair value for Taiwan Enterprise(Cayman)Co is 17.46 TWD (as of Nov 9, 2026), built from audited fundamentals. The current price: 40.00 TWD.
What is the quality score of 5906?
Taiwan Enterprise(Cayman)Co has a Quality Score of 41/100. 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 Taiwan Enterprise(Cayman)Co (5906)?
Our model-based price target is the fair value of 17.46 TWD (as of Nov 9, 2026) from 24 valuation models. Cautious scenario 13.09 TWD, optimistic scenario 21.82 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Taiwan Enterprise(Cayman)Co stock forecast for 2026?
Our models put fair value at 17.46 TWD, about 56% lower versus a price of 40.00 TWD (overvalued). Cautious scenario 13.09 TWD, optimistic scenario 21.82 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Taiwan Enterprise(Cayman)Co (5906)?
Taiwan Enterprise(Cayman)Co reported trailing-twelve-month revenue of about 1.7B TWD (latest available figure, as of Nov 9, 2026).
Does Taiwan Enterprise(Cayman)Co pay a dividend?
Taiwan Enterprise(Cayman)Co currently shows a dividend yield of 0.48% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Taiwan Enterprise(Cayman)Co (5906) and when is the ex-dividend date?
Taiwan Enterprise(Cayman)Co pays a dividend of 0.191 TWD per share a year, a dividend yield of 0.5%. The last ex-dividend date was Sep 10, 2026. Free cash flow covers the dividend 9.27 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Taiwan Enterprise(Cayman)Co (5906)?
For today's price to be fair in a discounted-cash-flow model, Taiwan Enterprise(Cayman)Co would have to grow free cash flow by +18.5 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -1.2 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of 5906 use?
Our models discount Taiwan Enterprise(Cayman)Co at 10.3 %: a base by market capitalisation (nano), 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 Taiwan Enterprise(Cayman)Co that is +18.5 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has Taiwan Enterprise(Cayman)Co (5906) delivered so far?
Over the past 5 years revenue at Taiwan Enterprise(Cayman)Co grew -1.2 % a year. The price currently implies free-cash-flow growth of +18.5 % 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 Taiwan Enterprise(Cayman)Co (5906) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Taiwan Enterprise(Cayman)Co (+18.5 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Taiwan Enterprise(Cayman)Co (5906)?
The free-cash-flow yield on the price is 4.70 %: that much free cash flow Taiwan Enterprise(Cayman)Co produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Taiwan Enterprise(Cayman)Co (5906)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Taiwan Enterprise(Cayman)Co it is 17.46 TWD per share (as of Nov 9, 2026), against a price of 40.00 TWD. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Taiwan Enterprise(Cayman)Co stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 5906 trades above its calculated fair value: price 40.00 TWD, fair value 17.46 TWD, a gap of about −56% (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 5906?
No. The price is what the market pays today (40.00 TWD); the fair value is what the company's own numbers justify (17.46 TWD). For Taiwan Enterprise(Cayman)Co the two are 22.54 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Taiwan Enterprise(Cayman)Co worth?
The market values Taiwan Enterprise(Cayman)Co at about 1.4B TWD (market capitalisation, as of Nov 9, 2026). Per share that is 40.00 TWD; our models calculate a fair value of 17.46 TWD per share.
What do the bullish and bearish scenarios say about 5906?
Our models span a range for Taiwan Enterprise(Cayman)Co: cautious scenario 13.09 TWD, base 17.46 TWD, optimistic 21.82 TWD per share (as of Nov 9, 2026, price 40.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Taiwan Enterprise(Cayman)Co (5906)?
Balance-sheet figures for Taiwan Enterprise(Cayman)Co (as of Nov 9, 2026): return on equity −1.0%, debt of 0.11 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is 5906 from its 52-week high?
Taiwan Enterprise(Cayman)Co trades at 40.00 TWD, about 25% below its 52-week high of 53.30 TWD and 14% above the low of 35.15 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 17.46 TWD is for.
Which stocks are comparable to Taiwan Enterprise(Cayman)Co?
From the same area (Consumer Cyclical) we also value Ralph Lauren Corporation, Moncler S.p.A, LPP SA, Levi Strauss & Co, 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 Taiwan Enterprise(Cayman)Co stock attractive at the current price?
The data as of Nov 9, 2026: price 40.00 TWD, calculated fair value 17.46 TWD (−56%), Quality Score 41/100, from 24 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 5906 calculated?
We run Taiwan Enterprise(Cayman)Co through 24 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 17.46 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 13.3% above its aggregate fair value. Taiwan Enterprise(Cayman)Co 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 Taiwan Enterprise(Cayman)Co (5906)?
The closing price on Nov 9, 2026 was 40.00 TWD. Our model-based fair value is 17.46 TWD, about 56% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Taiwan Enterprise(Cayman)Co right now?
The price sits above even our optimistic bull case (21.82 TWD). The favourable scenario is already priced in. Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts.
Key figures of Taiwan Enterprise(Cayman)Co
How large is the market capitalisation of Taiwan Enterprise(Cayman)Co (5906)?
The market capitalisation of Taiwan Enterprise(Cayman)Co is 1.4B TWD (≈ $43.1M). 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/E ratio of Taiwan Enterprise(Cayman)Co (5906)?
The price-to-earnings ratio of Taiwan Enterprise(Cayman)Co is 800.0. Price to earnings: how many years of current profit you pay for the stock. A P/E of 10 means ten years of profit.
What is the P/S ratio of Taiwan Enterprise(Cayman)Co (5906)?
The price-to-sales ratio of Taiwan Enterprise(Cayman)Co is 0.85 (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 Taiwan Enterprise(Cayman)Co (5906)?
Earnings per share at Taiwan Enterprise(Cayman)Co are 0.0500 TWD (price ÷ EPS = P/E 800.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Taiwan Enterprise(Cayman)Co (5906)?
The dividend yield of Taiwan Enterprise(Cayman)Co is 0.5%. 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 Taiwan Enterprise(Cayman)Co (5906)?
The net margin of Taiwan Enterprise(Cayman)Co is 0.1% (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 Taiwan Enterprise(Cayman)Co (5906)?
The return on equity (ROE) of Taiwan Enterprise(Cayman)Co is −1.0% (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 Taiwan Enterprise(Cayman)Co (5906)?
On an EBIT basis the return on assets of Taiwan Enterprise(Cayman)Co is 7.5% (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 Taiwan Enterprise(Cayman)Co (5906)?
The operating margin of Taiwan Enterprise(Cayman)Co is −1.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Taiwan Enterprise(Cayman)Co (5906)?
Revenue at Taiwan Enterprise(Cayman)Co is growing +10.3% versus a year earlier (3y avg −4.6%). 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 Taiwan Enterprise(Cayman)Co (5906)?
Earnings per share at Taiwan Enterprise(Cayman)Co are growing −70.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Taiwan Enterprise(Cayman)Co (5906) carry?
The net debt of Taiwan Enterprise(Cayman)Co is 823M TWD (fiscal year 2025, ≈ 12.4 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Nov 9, 2026