Kuang Hong Arts Management (6596) fair value: what the stock is really worth
We calculate from audited financials what Kuang Hong Arts Management is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 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 13, 2026.
How to read this chart
60‑month range 38.61 TWD – 179.00 TWD · fair‑value band 39.36 TWD – 143.18 TWD · the 94.00 TWD price screens above the 78.23 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 13, 2026.
Kuang Hong Arts Management Incorporation organizes and co-organizes various music and dance activities in Taiwan. It also produces and promotes live concerts, exhibitions, drama, theatre, and sport activities. The company was formerly known as Yucai International Marketing Co., Ltd.
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Kuang Hong Arts Management Incorporation organizes and co-organizes various music and dance activities in Taiwan. It also produces and promotes live concerts, exhibitions, drama, theatre, and sport activities. The company was formerly known as Yucai International Marketing Co., Ltd. and changed its name to Kuang Hong Arts Management Incorporation in July 2014. Kuang Hong Arts Management Incorporation was founded in 1993 and is based in Taipei, Taiwan.
Stock analysis
Kuang Hong Arts Management (6596) currently trades at 94.00 TWD, while our model-based Fair Value estimate is 78.23 TWD, implying the stock looks roughly 20.2% overvalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of 659.04 TWD per share, and 23 of the 24 models we run sit above the 94.00 TWD price.
Bear case: the Asset-Based group reads lowest at 29.32 TWD, and 1 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: 39.36 TWD (bear) to 143.18 TWD (bull), the price of 94.00 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 72/100 (solid quality), in the Communication Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Kuang Hong Arts Management reported revenue of 3.1B TWD in FY2025 versus 302M TWD in FY2021, a compound +78.8%/yr. Reported net income was 716M TWD in FY2025.
Key figures
Market cap 3.6B TWD (≈ $113M) · P/E ratio 5.0 · P/S ratio 1.16 · EPS (TTM) 18.79 TWD · Net margin 23.2% · Return on equity 61.1% · Return on assets (EBIT) 8.2% · Operating margin 14.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 53 out of 100 (low confidence).
What moves the price
The share trades about 48% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Communication Services peers we cover trades at −23% fair-value upside, at −17%, 6596 screens cheaper than that median.
Fair Value models
Bear 39.36 TWDFair Value 78.23 TWDBull 143.18 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. Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then (0.0634 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.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.92/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+78.7%
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.
+34.0%
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.
+26.0%
Revenue growth 8 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.
+17.1%
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What shareholders gained per year (last 5 years), in TWD (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+60.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+60.6%
Dividend (yield on the price)0.0%
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.19% → 28%
2025 sits 243% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
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).
−23.6%
Yearly growth needed for the next five years to justify today's price.
Compare Kuang Hong Arts Management 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.Entertainment · 265 stocks
Beats the industry median on 10/12 measures
Overall it ranks above its industry peers.
Valuation
Quality Score72 · Top 25%
Profitability
Return on equity (TTM)61% · Top 25%
Return on assets17% · Top 25%
Net margin (TTM)20% · Top 25%
Operating margin (TTM)14% · Top 25%
Growth and dividend
Revenue growth30% · Top 25%
Dividend yield (TTM)19.9% · Top 25%
Valuation Multiplesvs Entertainment 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). "Kuang Hong Arts Management Fair Value". https://www.fairvalue-calculator.com/stock/6596
Frequently asked questions
Is Kuang Hong Arts Management (6596) overvalued or undervalued?
As of Sep 13, 2026, our model estimates a fair value of 78.23 TWD versus a price of 94.00 TWD, about −17% upside (overvalued).
What is the fair value of 6596?
Our model-based fair value for Kuang Hong Arts Management is 78.23 TWD (as of Sep 13, 2026), built from audited fundamentals. The current price: 94.00 TWD.
What is the quality score of 6596?
Kuang Hong Arts Management has a Quality Score of 72/100. 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 Kuang Hong Arts Management (6596)?
Our model-based price target is the fair value of 78.23 TWD (as of Sep 13, 2026) from 24 valuation models. Cautious scenario 39.36 TWD, optimistic scenario 143.18 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Kuang Hong Arts Management stock forecast for 2026?
Our models put fair value at 78.23 TWD, about −17% upside versus a price of 94.00 TWD (overvalued). Cautious scenario 39.36 TWD, optimistic scenario 143.18 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Kuang Hong Arts Management (6596)?
Kuang Hong Arts Management reported trailing-twelve-month revenue of about 3.2B TWD (latest available figure, as of Sep 13, 2026).
What growth is priced into Kuang Hong Arts Management (6596)?
For today's price to be fair in a discounted-cash-flow model, Kuang Hong Arts Management would have to grow free cash flow by -23.6 % 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 +26.0 % per year. As of Sep 13, 2026.
What discount rate (WACC) does the fair value of 6596 use?
Our models discount Kuang Hong Arts Management at 11.8 %: a base by market capitalisation (micro), damped by beta 0.50, 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 Kuang Hong Arts Management that is -23.6 % 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 Kuang Hong Arts Management (6596) delivered so far?
Over the past 5 years revenue at Kuang Hong Arts Management grew +26.0 % a year. The price currently implies -23.6 % 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 Kuang Hong Arts Management (6596) growing?
The median revenue growth in the sector is +1.9 % a year. That is the yardstick for the growth priced into Kuang Hong Arts Management (-23.6 % 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 Kuang Hong Arts Management (6596)?
The free-cash-flow yield on the price is 28.31 %: that much free cash flow Kuang Hong Arts Management 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 Kuang Hong Arts Management (6596)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kuang Hong Arts Management it is 78.23 TWD per share (as of Sep 13, 2026), against a price of 94.00 TWD. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Kuang Hong Arts Management stock overvalued or undervalued in 2026?
As of Sep 13, 2026, 6596 trades above its calculated fair value: price 94.00 TWD, fair value 78.23 TWD, a gap of about −17% (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 6596?
No. The price is what the market pays today (94.00 TWD); the fair value is what the company's own numbers justify (78.23 TWD). For Kuang Hong Arts Management the two are 15.77 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Kuang Hong Arts Management worth?
The market values Kuang Hong Arts Management at about 3.6B TWD (market capitalisation, as of Sep 13, 2026). Per share that is 94.00 TWD; our models calculate a fair value of 78.23 TWD per share.
What do the bullish and bearish scenarios say about 6596?
Our models span a range for Kuang Hong Arts Management: cautious scenario 39.36 TWD, base 78.23 TWD, optimistic 143.18 TWD per share (as of Sep 13, 2026, price 94.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6596?
Kuang Hong Arts Management trades at a price-to-earnings ratio of 5.0 (as of Sep 13, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 78.23 TWD is built from several models across several years. Other multiples: P/B 2.0, P/S 1.0, EV/EBITDA 3.8.
How solid is the balance sheet of Kuang Hong Arts Management (6596)?
Balance-sheet figures for Kuang Hong Arts Management (as of Sep 13, 2026): return on equity 61.1%. They feed the Quality Score of 72/100, which measures business quality independently of the share price.
How far is 6596 from its 52-week high?
Kuang Hong Arts Management trades at 94.00 TWD, about 48% below its 52-week high of 181.00 TWD and 2% above the low of 92.30 TWD (as of Sep 13, 2026). Distance from the high says nothing about value: that is what the fair value of 78.23 TWD is for.
Which stocks are comparable to Kuang Hong Arts Management?
From the same area (Communication Services) we also value Netflix, Inc, The Walt Disney Company, Warner Bros. Discovery, Inc, Live Nation Entertainment, Inc, 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 Kuang Hong Arts Management stock attractive at the current price?
The data as of Sep 13, 2026: price 94.00 TWD, calculated fair value 78.23 TWD (−17%), Quality Score 72/100, 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 6596 calculated?
We run Kuang Hong Arts Management through 24 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 78.23 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 15.8 % above its aggregate fair value. Kuang Hong Arts Management 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 should I pay attention to with Kuang Hong Arts Management right now?
A high-quality business (quality 72/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The model range is unusually wide (39.36 TWD to 143.18 TWD). The outcome hinges heavily on assumptions, so read the point estimate with caution.
Key figures of Kuang Hong Arts Management
How large is the market capitalisation of Kuang Hong Arts Management (6596)?
The market capitalisation of Kuang Hong Arts Management is 3.6B TWD (≈ $113M). 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 Kuang Hong Arts Management (6596)?
The price-to-sales ratio of Kuang Hong Arts Management is 1.16 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Kuang Hong Arts Management (6596)?
Earnings per share at Kuang Hong Arts Management are 18.79 TWD (price ÷ EPS = P/E 5.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Kuang Hong Arts Management (6596)?
The net margin of Kuang Hong Arts Management is 23.2% (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 Kuang Hong Arts Management (6596)?
The return on equity (ROE) of Kuang Hong Arts Management is 61.1% (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 Kuang Hong Arts Management (6596)?
On an EBIT basis the return on assets of Kuang Hong Arts Management is 8.2% (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 Kuang Hong Arts Management (6596)?
The operating margin of Kuang Hong Arts Management is 14.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kuang Hong Arts Management (6596)?
Revenue at Kuang Hong Arts Management is growing +30.4% versus a year earlier (3y avg +34.0%). 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 Kuang Hong Arts Management (6596)?
Earnings per share at Kuang Hong Arts Management are growing −45.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Kuang Hong Arts Management (6596) hold?
Kuang Hong Arts Management holds more cash than debt, 646M TWD net (fiscal year 2023). The company holds more cash than debt, a safety cushion.
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