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FuSheng Precision Co (6670) Fair Value & Analysis

Consumer Cyclical · TW · Market cap 36.4B TWD

FP FuSheng Precision Co 6670 · TW
Price268.00 TWD
Fair Value492.66 TWD
Upside+83.8%
Quality51/100
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Healthy Growth
Thin margins · 9.7% net margin
Low debt · generates free cash flow
6.15% dividend yield
Ranks above peers (10/14)
Moderate moat 59/100
Evidence: Medium Range 328.75 TWD – 615.83 TWD Share as image

Fair value as of: Jul 21, 2026

From 26 valuation models · updated 19 days ago

Share price +3.7% over the past month.

A solid business, screening 84% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (328.75 TWD). The market is more pessimistic than our downside scenario.
  • Solid quality (51/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (328.75 TWD to 615.83 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

373.50 TWD 146.24 TWD Fair Value 492.66 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

60‑month range 146.24 TWD – 373.50 TWD · fair‑value band 328.75 TWD – 615.83 TWD · the 268.00 TWD price screens below the 492.66 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

FuSheng Precision Co (6670) currently trades at 268.00 TWD, while our model-based Fair Value estimate is 492.66 TWD, implying the stock looks roughly 83.8% undervalued today. The Quality Score stands at 51/100 (solid quality), in the Consumer Cyclical sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: medium), always confirm before acting.

Over the trailing twelve months, FuSheng Precision Co generated revenue of 29.8B TWD at a net margin of 9.7%. Revenue declined 0.1% year over year. It earns a return on equity of 16.3%. The balance sheet holds a net cash position of 3.9B TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 328.75 TWD (bear case) to 615.83 TWD (bull case); at 268.00 TWD, the current price sits below 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 about 12% below its 52-week high and 18% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 2% fair-value upside, at 84%, 6670 screens cheaper 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 BearBaseBull Evidence
Highest evidence
Growth DCF 263.52 TWD 402.71 TWD 625.86 TWD 80
Residual Income 139.37 TWD 168.20 TWD 396.42 TWD 76
Rev-Margin DCF 232.98 TWD 352.53 TWD 497.47 TWD 74
All 26 models by family
DCF Models
FCF DCF 262.01 TWD 405.38 TWD 636.80 TWD 38
Owner Earnings 300.64 TWD 469.49 TWD 742.02 TWD 31
5Y Revenue Exit 232.98 TWD 353.31 TWD 510.10 TWD 39
5Y EBITDA Exit 335.01 TWD 552.28 TWD 814.87 TWD 41
5Y P/E Exit 339.16 TWD 560.36 TWD 802.22 TWD 38
10Y Revenue Exit 235.44 TWD 350.11 TWD 511.80 TWD 36
10Y EBITDA Exit 307.32 TWD 491.43 TWD 753.69 TWD 37
10Y P/E Exit 310.01 TWD 497.17 TWD 743.65 TWD 35
Earnings-Based
Graham-Dodd 152.28 TWD 571.93 TWD 773.63 TWD 54
Lynch FV 138.10 TWD 197.29 TWD 256.48 TWD 50
PEG = 1.0 138.10 TWD 197.29 TWD 256.48 TWD 46
EPV 292.75 TWD 334.12 TWD 370.32 TWD 59
Dividend Discount
Gordon GGM 180.42 TWD 375.12 TWD 595.09 TWD 70
DDM Multi-Stage 180.42 TWD 316.31 TWD 393.70 TWD 61
Multiples
P/E Multiple 369.50 TWD 492.66 TWD 615.83 TWD 63
P/S Multiple 192.35 TWD 256.46 TWD 320.58 TWD 58
P/B Multiple 285.52 TWD 380.69 TWD 475.87 TWD 55
EV/EBIT 493.17 TWD 642.72 TWD 792.26 TWD 53
EV/EBITDA 407.12 TWD 527.98 TWD 648.84 TWD 54
EV/Revenue 224.06 TWD 301.00 TWD 377.94 TWD 43
Asset-Based
NCAV (Graham) 55.75 TWD 74.71 TWD 111.51 TWD 50
Growth DCF
Growth DCF 263.52 TWD 402.71 TWD 625.86 TWD 80
Rev-Margin DCF 232.98 TWD 352.53 TWD 497.47 TWD 74
Economic Profit
Residual Income 139.37 TWD 168.20 TWD 396.42 TWD 76
ROIC Compounder 312.86 TWD 383.25 TWD 464.06 TWD 72
Growth Earnings
Growth-Adj P/E 261.68 TWD 373.84 TWD 485.99 TWD 68

Widest divergence: DCF Models (469.49 TWD) versus Asset-Based (74.71 TWD). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 29.8B TWD
Revenue growth (YoY) -0.1%
Net margin 9.7%
Return on equity 16.3%
Free cash flow 2.5B TWD FY2025
P/E ratio 11.8
More key figures
Operating margin 14.9%
EPS (TTM) 22.18 TWD
Dividend yield 6.2%
EPS growth (YoY) -23.0%
Net cash 3.9B TWD FY2025

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 53 · Market factors (momentum, volatility) 52

Profitability 61
Margins and returns on capital today
Quality Growth 20
Are margins and returns improving?
Cashflow 49
Earnings quality: real cash, not paper profit
Fin. Strength 90
Balance sheet, leverage, solvency risk
Investment 62
Disciplined investing over empire-building
Low Volatility 85
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 40
Distance to the 52-week high (market factor)
Net Issuance 19
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

FuSheng Precision Co., Ltd. engages in the golf and sports equipment businesses in Japan and internationally. It operates through the Golf Business Segment and Sports Equipment Business Segment.

Full company description

FuSheng Precision Co., Ltd. engages in the golf and sports equipment businesses in Japan and internationally. It operates through the Golf Business Segment and Sports Equipment Business Segment. The company manufactures and sells golf club head and shafts; and boots, helmets, and protective gear for sports such as ice hockey, motocross, baseball, skiing, and other related sports. It is also involved in the production of plastic injections. In addition, it offers hand tools, pneumatic tools, and automotive components, and engages in the research, development, and sale of precision-cast aerospace components, pure titanium tableware and kitchenware, and vacuum technology products. The company was founded in 1953 and is based in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

FuSheng Precision Co reported revenue of 29.8B TWD in FY2025 versus 23.2B TWD in FY2021, a compound +6.4%/yr. Reported net income was 3.1B TWD in FY2025, compounding +7.2%/yr from FY2021.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
29.8B TWD
Latest YoY
+5.0%
Avg. growth/yr (3Y)
−4.0%
Avg. growth/yr (5Y)
+15.9%
Avg. growth/yr (11Y)
+5.5%
Revenue +6.4%/yr
FY21 23.2B TWD
FY22 33.7B TWD
FY23 24.4B TWD
FY24 28.4B TWD
FY25 29.8B TWD
Net income +7.2%/yr
FY21 2.4B TWD
FY22 4.8B TWD
FY23 2.4B TWD
FY24 3.8B TWD
FY25 3.1B TWD

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Cite: Fair Value Calculator (2026). "FuSheng Precision Co Fair Value". https://www.fairvalue-calculator.com/stock/6670

Peer Group

Leisure · 192 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 51 · Below median
Fair Value upside +84% · Top 25%
Return on equity (TTM) 16% · Top 25%
Return on assets 10% · Top 25%
Net margin (TTM) 10% · Above median
Operating margin (TTM) 15% · Top 25%
Revenue growth -0% · Below median
Dividend yield (TTM) 6.2% · Top 25%
Debt / equity 0.11× · Lower than median

Valuation Multiples vs Leisure median · lower = cheaper

P/E (TTM) 11.8× · Cheaper than 75% of peers
P/B 2.34× · Pricier than median
P/S (TTM) 1.22× · Pricier than median
P/FCF 0.4× · Cheaper than 75% of peers
EV/EBITDA 5.6× · Cheaper than median

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 100 · sector 14
FUTURE 0 · sector 18
PAST 65 · sector 19
HEALTH 95 · sector 94
DIVIDEND 100 · sector 51

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 Leisure stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
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Pop Mart International Group 9992 HK$160.20 HK$227.30 +42%
Amer Sports, Inc AS $36.44 $16.16 -56%
Hasbro, Inc HAS $81.55 $83.38 +2%
Life Time Group LTH $42.15 $16.15 -62%
Acushnet Holdings GOLF $114.78 $37.79 -67%
Li Ning Company 2331 HK$14.80 HK$29.26 +98%
Benefit Systems S.A BFT 5,255 PLN 3,714 PLN -29%
Ninebot Limited 689009 ¥37.82 ¥39.17 +4%
Asmodee Group ASMDEEB kr 145.70 kr 41.90 -71%

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Frequently asked questions

Is FuSheng Precision Co (6670) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 492.66 TWD versus a price of 268.00 TWD, about +84% (undervalued).
What is the fair value of 6670?
Our model-based fair value for FuSheng Precision Co is 492.66 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 268.00 TWD.
What is the quality score of 6670?
FuSheng Precision Co has a Quality Score of 51/100. 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 FuSheng Precision Co (6670)?
FuSheng Precision Co reported trailing-twelve-month revenue of about 29.8B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 6670?
The net profit margin of FuSheng Precision Co is about 9.7%, meaning it keeps roughly 9.7% of revenue as net income. Based on the latest reported figures.
Does FuSheng Precision Co pay a dividend?
FuSheng Precision Co currently shows a dividend yield of about 6.15% relative to its recent price (as of Jul 21, 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.

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