San Neng Group Holdings Co Ltd (6671) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of San Neng Group Holdings Co Ltd TWD 37.64, price TWD 22.85, upside +64.7%, quality 61 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 21.80 TWD – 40.59 TWD · fair‑value band 27.20 TWD – 52.01 TWD · the 22.85 TWD price screens below the 37.64 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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San Neng Group Holdings Co., LTD., through its subsidiaries, engages in the manufacture, processing, and sale of baking equipment and peripheral products in Taiwan, Mainland China, Japan, and internationally.
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San Neng Group Holdings Co., LTD., through its subsidiaries, engages in the manufacture, processing, and sale of baking equipment and peripheral products in Taiwan, Mainland China, Japan, and internationally. The company offers baking trays, cake molds, chocolate fork, display tray, plastic basket, cake stand, knife, loaf pan, thermometer, stainless steel measuring, rings, multi links, plastic extruded bag, sieve, spray bottle, brush thin, cutter, measuring cups and spoon, egg separator, bread mold, egg fryer ring, scissors, brush plastic handle, spatula, pastry bag, cooling rack, backing mat, fiberglass sheet, pastry tips, pie and pizza pan, alloy trolley, cake demold paper, baking paper, hamburger and square pan, biscuit sheet, and whisk. It also provides eggbeaters, eggbeaters, flower spouts, squeeze bags, trolleys, imprinting impressions, price clips, as well as flours, pre-mixed powders, fillings, oils, food colorings, and other baking-related food materials. In addition, it provides utensils, shop-front supplies, small household appliances, and kitchen supplies. The company sells its products under the SANNENG and UNOPAN brands. It serves factories, bakeries, pastry studios, bakery product manufacturers, home and baking DIY workshops, and baking classrooms. San Neng Group Holdings Co., LTD. was founded in 1982 and is headquartered in Grand Cayman, the Cayman Islands
Stock analysis
San Neng Group Holdings Co Ltd (6671) currently trades at 22.85 TWD, while our model-based Fair Value estimate is 37.64 TWD, implying the stock looks roughly 39.3% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 43.36 TWD per share, and 22 of the 24 models we run sit above the 22.85 TWD price.
Bear case: the Asset-Based group reads lowest at 19.46 TWD, and 2 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: 27.20 TWD (bear) to 52.01 TWD (bull), the price of 22.85 TWD sits below 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 61/100 (solid 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.
San Neng Group Holdings Co Ltd reported revenue of 2.0B TWD in FY2025 versus 2.1B TWD in FY2021, a compound −0.9%/yr. Reported net income was 144M TWD in FY2025, compounding −9.3%/yr from FY2021.
Key figures
Market cap 1.4B TWD (≈ $45.5M) · P/E ratio 9.7 · P/S ratio 0.70 · EPS (TTM) 2.35 TWD · Dividend yield 5.3% · Net margin 7.2% · Return on equity 8.2% · Return on assets (EBIT) 9.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 40% 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 65%, 6671 screens cheaper than that median.
Fair Value models
Bear 27.20 TWDFair Value 37.64 TWDBull 52.01 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 9 months old). Earnings retained since then (0.8444 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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−2.1%
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.
+2.4%
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.
+0.9%
Start year 2020 (pandemic). Over 10 years: −0.6% a year
Revenue growth 10 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.
−0.6%
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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.
−2.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year−8.1%
Dividend (yield on the price)5.3%
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.−8% vs −11%, picking up
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.15% → 10%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 4.8%/yr over ~8Y (margins eroding too) ⓘ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
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).
−13.3%
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 −14.6% a year for the price.
Compare San Neng Group Holdings Co Ltd with another stock
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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 12/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score61 · Above median
Fair Value upside+65% · Top 25%
Profitability
Return on equity (TTM)8% · Above median
Return on assets5% · Above median
Net margin (TTM)7% · Above median
Operating margin (TTM)4% · Below median
Growth and dividend
Revenue growth−16% · Bottom 25%
Dividend yield (TTM)5.3% · Top 25%
Balance sheet
Debt / equity0.03× · Below median
Valuation Multiplesvs Household & Personal Products median · lower = cheaper
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Cite: Fair Value Calculator (2026). "San Neng Group Holdings Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/6671
Frequently asked questions
Is San Neng Group Holdings Co Ltd (6671) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 37.64 TWD versus a price of 22.85 TWD, about +65% upside (undervalued).
What is the fair value of 6671?
Our model-based fair value for San Neng Group Holdings Co Ltd is 37.64 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 22.85 TWD.
What is the quality score of 6671?
San Neng Group Holdings Co Ltd has a Quality Score of 61/100. 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 San Neng Group Holdings Co Ltd (6671)?
Our model-based price target is the fair value of 37.64 TWD (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 27.20 TWD, optimistic scenario 52.01 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the San Neng Group Holdings Co Ltd stock forecast for 2026?
Our models put fair value at 37.64 TWD, about +65% upside versus a price of 22.85 TWD (undervalued). Cautious scenario 27.20 TWD, optimistic scenario 52.01 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of San Neng Group Holdings Co Ltd (6671)?
San Neng Group Holdings Co Ltd reported trailing-twelve-month revenue of about 1.9B TWD (latest available figure, as of Sep 24, 2026).
Does San Neng Group Holdings Co Ltd pay a dividend?
San Neng Group Holdings Co Ltd currently shows a dividend yield of about 5.25% relative to its recent price (as of Sep 24, 2026).
What growth is priced into San Neng Group Holdings Co Ltd (6671)?
For today's price to be fair in a discounted-cash-flow model, San Neng Group Holdings Co Ltd would have to grow free cash flow by -13.3 % per year for five years (discount rate 9.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +0.9 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 6671 use?
Our models discount San Neng Group Holdings Co Ltd at 9.0 %: a base by market capitalisation (nano), damped by beta 0.15, 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 San Neng Group Holdings Co Ltd that is -13.3 % per year a year over ten years, using the same discount rate (9.0 %) and the same formula as our fair value.
How much growth has San Neng Group Holdings Co Ltd (6671) delivered so far?
Over the past 5 years revenue at San Neng Group Holdings Co Ltd grew +0.9 % a year. The price currently implies -13.3 % 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 San Neng Group Holdings Co Ltd (6671) growing?
The median revenue growth in the sector is +2.9 % a year. That is the yardstick for the growth priced into San Neng Group Holdings Co Ltd (-13.3 % 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 San Neng Group Holdings Co Ltd (6671)?
The free-cash-flow yield on the price is 10.34 %: that much free cash flow San Neng Group Holdings Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of San Neng Group Holdings Co Ltd (6671)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For San Neng Group Holdings Co Ltd it is 37.64 TWD per share (as of Sep 24, 2026), against a price of 22.85 TWD. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is San Neng Group Holdings Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 6671 trades below its calculated fair value: price 22.85 TWD, fair value 37.64 TWD, a gap of about +65% (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 6671?
No. The price is what the market pays today (22.85 TWD); the fair value is what the company's own numbers justify (37.64 TWD). For San Neng Group Holdings Co Ltd the two are 14.79 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is San Neng Group Holdings Co Ltd worth?
The market values San Neng Group Holdings Co Ltd at about 1.4B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 22.85 TWD; our models calculate a fair value of 37.64 TWD per share.
What do the bullish and bearish scenarios say about 6671?
Our models span a range for San Neng Group Holdings Co Ltd: cautious scenario 27.20 TWD, base 37.64 TWD, optimistic 52.01 TWD per share (as of Sep 24, 2026, price 22.85 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6671?
San Neng Group Holdings Co Ltd trades at a price-to-earnings ratio of 9.7 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 37.64 TWD is built from several models across several years. Other multiples: P/B 0.8, P/S 0.7, EV/EBITDA 5.4.
How solid is the balance sheet of San Neng Group Holdings Co Ltd (6671)?
Balance-sheet figures for San Neng Group Holdings Co Ltd (as of Sep 24, 2026): return on equity 8.2%, debt of 0.03 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is 6671 from its 52-week high?
San Neng Group Holdings Co Ltd trades at 22.85 TWD, about 40% below its 52-week high of 38.38 TWD and 5% above the low of 21.80 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 37.64 TWD is for.
Which stocks are comparable to San Neng Group Holdings 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 San Neng Group Holdings Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 22.85 TWD, calculated fair value 37.64 TWD (+65%), Quality Score 61/100, 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 6671 calculated?
We run San Neng Group Holdings Co Ltd 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 37.64 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 13.0 % above its aggregate fair value. San Neng Group Holdings Co Ltd currently trades 65 % 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 San Neng Group Holdings Co Ltd (6671)?
The closing price on Sep 24, 2026 was 22.85 TWD. Our model-based fair value is 37.64 TWD, about +65% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with San Neng Group Holdings Co Ltd right now?
The price is below even our cautious bear case (27.20 TWD). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (61/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (27.20 TWD to 52.01 TWD) leaves room in how you read the outcome.
Where does the earnings growth of San Neng Group Holdings Co Ltd (6671) come from?
Earnings per share at San Neng Group Holdings Co Ltd grew −11.3 % a year from 2015 to 2025. Broken into its drivers: revenue per share −4.5 %, EBIT margin −7.4 %, tax rate −0.9 %, residual (interest, one-offs) +1.2 %. 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 San Neng Group Holdings Co Ltd
How large is the market capitalisation of San Neng Group Holdings Co Ltd (6671)?
The market capitalisation of San Neng Group Holdings Co Ltd is 1.4B TWD (≈ $45.5M). 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 San Neng Group Holdings Co Ltd (6671)?
The price-to-sales ratio of San Neng Group Holdings Co Ltd is 0.70 (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 San Neng Group Holdings Co Ltd (6671)?
Earnings per share at San Neng Group Holdings Co Ltd are 2.35 TWD (price ÷ EPS = P/E 9.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of San Neng Group Holdings Co Ltd (6671)?
The dividend yield of San Neng Group Holdings Co Ltd is 5.3% (payout 51.1%). 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 San Neng Group Holdings Co Ltd (6671)?
The net margin of San Neng Group Holdings Co Ltd is 7.2% (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 San Neng Group Holdings Co Ltd (6671)?
The return on equity (ROE) of San Neng Group Holdings Co Ltd is 8.2% (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 San Neng Group Holdings Co Ltd (6671)?
On an EBIT basis the return on assets of San Neng Group Holdings Co Ltd is 9.7% (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 San Neng Group Holdings Co Ltd (6671)?
The operating margin of San Neng Group Holdings Co Ltd is 4.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at San Neng Group Holdings Co Ltd (6671)?
Revenue at San Neng Group Holdings Co Ltd is growing −15.9% versus a year earlier (3y avg +2.4%). 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 San Neng Group Holdings Co Ltd (6671)?
Earnings per share at San Neng Group Holdings Co Ltd are growing −30.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does San Neng Group Holdings Co Ltd (6671) hold?
San Neng Group Holdings Co Ltd holds more cash than debt, 21.9M TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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