Nan Liu Enterprise Co Ltd (6504) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Nan Liu Enterprise Co Ltd TWD 48.25, price TWD 37.05, upside +30.2%, quality 48 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 35.45 TWD – 182.93 TWD · fair‑value band 31.24 TWD – 69.55 TWD · the 37.05 TWD price screens below the 48.25 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Nan Liu Enterprise Co., Ltd. engages in the manufacture and sales of air-through nonwoven and spunlace nonwoven products in Mainland China, Japan, India, Taiwan, and internationally. It offers wet napkins, facial mask, and skin care products; biotechnological products; and disposable surgical gowns.
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Nan Liu Enterprise Co., Ltd. engages in the manufacture and sales of air-through nonwoven and spunlace nonwoven products in Mainland China, Japan, India, Taiwan, and internationally. It offers wet napkins, facial mask, and skin care products; biotechnological products; and disposable surgical gowns. The company also provides spunlace wood pulp composite fabric; cotton; hot press/hot air non-woven products; essence mask; moisturizing mask; anti-wrinkle mask; anti-scarring mask; whitening and moisturizing invisible mask; and essence revitalizing mask. In addition, it provides dry towels, cleansers, and respirators. The company was founded in 1973 and is headquartered in Kaohsiung City, Taiwan.
Stock analysis
Nan Liu Enterprise Co Ltd (6504) currently trades at 37.05 TWD, while our model-based Fair Value estimate is 48.25 TWD, implying the stock looks roughly 23.2% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 43.85 TWD per share, and 6 of the 14 models we run sit above the 37.05 TWD price.
Bear case: the Dividend Discount group reads lowest at 10.10 TWD, and 8 of the 14 models stay below the price. Evidence for this calculation is medium.
Scenario range: 31.24 TWD (bear) to 69.55 TWD (bull), the price of 37.05 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 48/100 (below-average quality), in the Consumer Defensive sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Nan Liu Enterprise Co Ltd reported revenue of 6.6B TWD in FY2025 versus 6.8B TWD in FY2021, a compound −0.6%/yr. Reported net income was −79.4M TWD in FY2025.
Key figures
Market cap 2.7B TWD (≈ $84.7M) · P/S ratio 0.40 · EPS (TTM) −1.10 TWD · Dividend yield 2.8% · Net margin −1.2% · Return on equity −3.2% · Return on assets (EBIT) 2.0% · Operating margin 4.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (low confidence).
What moves the price
The share trades about 24% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Defensive peers we cover trades at −14% fair-value upside, at 30%, 6504 screens cheaper than that median.
Fair Value models
Bear 31.24 TWDFair Value 48.25 TWDBull 69.55 TWD
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = 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.
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.18/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−1.5%
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.
+3.4%
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.
−6.7%
Start year 2020 (pandemic). Over 10 years: +1.1% a year
Revenue growth 22 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.
+8.2%
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Profit 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.
22.0% (2020) → 2.9% (2025)
What shareholders gained per year ⓘ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
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).
+12.9%
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 +11.2% a year for the price.
Compare Nan Liu Enterprise 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.Household & Personal Products · 251 stocks
Beats the industry median on 4/11 measures
Overall it trails its industry peers.
Valuation
Quality Score48 · Below median
Fair Value upside+30% · Above median
Profitability
Return on assets1% · Below median
Net margin (TTM)−2% · Below median
Operating margin (TTM)4% · Below median
Growth and dividend
Revenue growth−5% · Bottom 25%
Dividend yield (TTM)2.8% · Below median
Balance sheet
Debt / equity0.66× · Highest 25%
Valuation Multiplesvs Household & Personal Products median · lower = cheaper
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). "Nan Liu Enterprise Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/6504
Frequently asked questions
Is Nan Liu Enterprise Co Ltd (6504) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 48.25 TWD versus a price of 37.05 TWD, about +30% upside (undervalued).
What is the fair value of 6504?
Our model-based fair value for Nan Liu Enterprise Co Ltd is 48.25 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 37.05 TWD.
What is the quality score of 6504?
Nan Liu Enterprise Co Ltd has a Quality Score of 48/100. 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 Nan Liu Enterprise Co Ltd (6504)?
Our model-based price target is the fair value of 48.25 TWD (as of Sep 24, 2026) from 14 valuation models. Cautious scenario 31.24 TWD, optimistic scenario 69.55 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Nan Liu Enterprise Co Ltd stock forecast for 2026?
Our models put fair value at 48.25 TWD, about +30% upside versus a price of 37.05 TWD (undervalued). Cautious scenario 31.24 TWD, optimistic scenario 69.55 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Nan Liu Enterprise Co Ltd (6504)?
Nan Liu Enterprise Co Ltd reported trailing-twelve-month revenue of about 6.5B TWD (latest available figure, as of Sep 24, 2026).
Does Nan Liu Enterprise Co Ltd pay a dividend?
Nan Liu Enterprise Co Ltd currently shows a dividend yield of about 2.75% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Nan Liu Enterprise Co Ltd (6504)?
For today's price to be fair in a discounted-cash-flow model, Nan Liu Enterprise Co Ltd would have to grow free cash flow by +12.9 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -6.7 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 6504 use?
Our models discount Nan Liu Enterprise Co Ltd at 11.8 %: a base by market capitalisation (micro), damped by beta 0.32, 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 Nan Liu Enterprise Co Ltd that is +12.9 % per year a year over ten years, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Nan Liu Enterprise Co Ltd (6504) delivered so far?
Over the past 5 years revenue at Nan Liu Enterprise Co Ltd grew -6.7 % a year. The price currently implies +12.9 % per year free-cash-flow growth a 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 Nan Liu Enterprise Co Ltd (6504) growing?
The median revenue growth in the sector is +2.6 % a year. That is the yardstick for the growth priced into Nan Liu Enterprise Co Ltd (+12.9 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Nan Liu Enterprise Co Ltd (6504)?
The free-cash-flow yield on the price is 12.10 %: that much free cash flow Nan Liu Enterprise Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Nan Liu Enterprise Co Ltd (6504)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Nan Liu Enterprise Co Ltd it is 48.25 TWD per share (as of Sep 24, 2026), against a price of 37.05 TWD. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Nan Liu Enterprise Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 6504 trades below its calculated fair value: price 37.05 TWD, fair value 48.25 TWD, a gap of about +30% (undervalued). 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 6504?
No. The price is what the market pays today (37.05 TWD); the fair value is what the company's own numbers justify (48.25 TWD). For Nan Liu Enterprise Co Ltd the two are 11.20 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Nan Liu Enterprise Co Ltd worth?
The market values Nan Liu Enterprise Co Ltd at about 2.7B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 37.05 TWD; our models calculate a fair value of 48.25 TWD per share.
What do the bullish and bearish scenarios say about 6504?
Our models span a range for Nan Liu Enterprise Co Ltd: cautious scenario 31.24 TWD, base 48.25 TWD, optimistic 69.55 TWD per share (as of Sep 24, 2026, price 37.05 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Nan Liu Enterprise Co Ltd (6504)?
Balance-sheet figures for Nan Liu Enterprise Co Ltd (as of Sep 24, 2026): return on equity −3.2%, debt of 0.66 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is 6504 from its 52-week high?
Nan Liu Enterprise Co Ltd trades at 37.05 TWD, about 24% below its 52-week high of 49.05 TWD and 5% above the low of 35.45 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 48.25 TWD is for.
Which stocks are comparable to Nan Liu Enterprise Co Ltd?
From the same area (Consumer Defensive) we also value Colgate-Palmolive Company, Hindustan Unilever Limited, Kenvue Inc, Kimberly-Clark 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 Nan Liu Enterprise Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 37.05 TWD, calculated fair value 48.25 TWD (+30%), Quality Score 48/100, from 14 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 6504 calculated?
We run Nan Liu Enterprise Co Ltd through 14 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 48.25 TWD, 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 14.0 % above its aggregate fair value. Nan Liu Enterprise Co Ltd currently trades 30 % below its own fair value, and the market average says nothing about that. 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 Nan Liu Enterprise Co Ltd (6504)?
The closing price on Sep 24, 2026 was 37.05 TWD. Our model-based fair value is 48.25 TWD, about +30% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Nan Liu Enterprise Co Ltd right now?
Solid quality (48/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (31.24 TWD to 69.55 TWD) leaves room in how you read the outcome.
Where does the earnings growth of Nan Liu Enterprise Co Ltd (6504) come from?
Earnings per share at Nan Liu Enterprise Co Ltd grew −16.8 % a year from 2014 to 2025. Broken into its drivers: revenue per share +1.3 %, EBIT margin −15.6 %, tax rate −4.7 %, residual (interest, one-offs) +2.2 %. 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 Nan Liu Enterprise Co Ltd
How large is the market capitalisation of Nan Liu Enterprise Co Ltd (6504)?
The market capitalisation of Nan Liu Enterprise Co Ltd is 2.7B TWD (≈ $84.7M). 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 Nan Liu Enterprise Co Ltd (6504)?
The price-to-sales ratio of Nan Liu Enterprise Co Ltd is 0.40 (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 Nan Liu Enterprise Co Ltd (6504)?
Earnings per share at Nan Liu Enterprise Co Ltd are −1.10 TWD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Nan Liu Enterprise Co Ltd (6504)?
The dividend yield of Nan Liu Enterprise Co Ltd is 2.8%. 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 Nan Liu Enterprise Co Ltd (6504)?
The net margin of Nan Liu Enterprise Co Ltd is −1.2% (fiscal year 2025). 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 Nan Liu Enterprise Co Ltd (6504)?
The return on equity (ROE) of Nan Liu Enterprise Co Ltd is −3.2% (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 Nan Liu Enterprise Co Ltd (6504)?
On an EBIT basis the return on assets of Nan Liu Enterprise Co Ltd is 2.0% (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 Nan Liu Enterprise Co Ltd (6504)?
The operating margin of Nan Liu Enterprise Co Ltd is 4.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Nan Liu Enterprise Co Ltd (6504)?
Revenue at Nan Liu Enterprise Co Ltd is growing −4.7% versus a year earlier (3y avg +3.4%). 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 Nan Liu Enterprise Co Ltd (6504)?
Earnings per share at Nan Liu Enterprise Co Ltd are growing −83.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Nan Liu Enterprise Co Ltd (6504) carry?
The net debt of Nan Liu Enterprise Co Ltd is 4.3B TWD (fiscal year 2025, ≈ 13.3 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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