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Shiny Brands Group (6703) Fair Value & Analysis

Consumer Defensive · TW · Market cap 3.9B TWD

SB Shiny Brands Group 6703 · TWO
Price106.50 TWD
Fair Value179.97 TWD
Upside+69.0%
Quality69/100
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Mixed Growth
Solidly profitable · 10.0% net margin
Low debt · generates free cash flow
6.52% dividend yield
Ranks above peers (12/14)
Wide moat 65/100
Evidence: High Range 134.98 TWD – 304.72 TWD Share as image

Fair value as of: Jul 23, 2026

From 24 valuation models · updated 18 days ago

Fair value updated Jul 23, 2026, revised from 197.97 TWD to 179.97 TWD (−9.1%) since Jul 12, 2026. Share price −0.3% over the past month.

A solid business, screening 69% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (134.98 TWD). The market is more pessimistic than our downside scenario.
  • Solid quality (69/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (134.98 TWD to 304.72 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

820.68 TWD 36.84 TWD Fair Value 179.97 TWD Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 23, 2026.

How to read this chart

60‑month range 36.84 TWD – 820.68 TWD · fair‑value band 134.98 TWD – 304.72 TWD · the 106.50 TWD price screens below the 179.97 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Shiny Brands Group (6703) currently trades at 106.50 TWD, while our model-based Fair Value estimate is 179.97 TWD, implying the stock looks roughly 69.0% undervalued today. The Quality Score stands at 69/100 (solid quality), in the Consumer Defensive 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: high), always confirm before acting.

Over the trailing twelve months, Shiny Brands Group generated revenue of 3.4B TWD at a net margin of 10.0%. Revenue grew 9.4% year over year. It earns a return on equity of 28.1%. The stock trades on a trailing P/E of 11.3. Fundamentals as of Jul 23, 2026

Our scenario range runs from 134.98 TWD (bear case) to 304.72 TWD (bull case); at 106.50 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 13% below its 52-week high and 17% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -26% fair-value upside, at 69%, 6703 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 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
Highest evidence
Growth DCF 198.89 TWD 368.25 TWD 673.84 TWD 80
Residual Income 58.44 TWD 78.98 TWD 430.83 TWD 76
Rev-Margin DCF 147.49 TWD 258.31 TWD 420.94 TWD 74
All 24 models by family
DCF Models
FCF DCF 207.25 TWD 337.28 TWD 687.98 TWD 38
Owner Earnings 155.29 TWD 317.52 TWD 639.76 TWD 31
5Y Revenue Exit 147.49 TWD 249.52 TWD 430.28 TWD 39
5Y EBITDA Exit 157.07 TWD 270.54 TWD 459.19 TWD 41
5Y P/E Exit 165.02 TWD 304.07 TWD 478.45 TWD 38
10Y Revenue Exit 161.29 TWD 284.47 TWD 440.25 TWD 36
10Y EBITDA Exit 171.76 TWD 301.76 TWD 526.28 TWD 37
10Y P/E Exit 177.19 TWD 316.11 TWD 544.15 TWD 35
Earnings-Based
Graham-Dodd 61.19 TWD 412.66 TWD 578.27 TWD 54
Lynch FV 120.94 TWD 172.77 TWD 224.61 TWD 50
PEG = 1.0 120.94 TWD 172.77 TWD 224.61 TWD 46
EPV 96.80 TWD 109.50 TWD 120.46 TWD 59
Multiples
P/E Multiple 134.98 TWD 179.97 TWD 224.97 TWD 63
P/S Multiple 114.73 TWD 152.98 TWD 191.22 TWD 58
P/B Multiple 80.64 TWD 107.52 TWD 134.40 TWD 55
EV/EBIT 167.57 TWD 217.98 TWD 268.38 TWD 53
EV/EBITDA 139.65 TWD 180.75 TWD 221.85 TWD 54
EV/Revenue 118.29 TWD 161.97 TWD 205.66 TWD 43
Asset-Based
NCAV (Graham) 17.92 TWD 24.01 TWD 35.84 TWD 50
Growth DCF
Growth DCF 198.89 TWD 368.25 TWD 673.84 TWD 80
Rev-Margin DCF 147.49 TWD 258.31 TWD 420.94 TWD 74
Economic Profit
Residual Income 58.44 TWD 78.98 TWD 430.83 TWD 76
ROIC Compounder 110.03 TWD 141.55 TWD 181.28 TWD 72
Growth Earnings
Growth-Adj P/E 164.08 TWD 234.40 TWD 304.72 TWD 68

Widest divergence: DCF Models (301.76 TWD) versus Asset-Based (24.01 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 3.4B TWD
Revenue growth (YoY) +9.4%
Net margin 10.0%
Return on equity 28.1%
Free cash flow 472M TWD FY2025
P/E ratio 12.0
More key figures
Operating margin 9.8%
EPS (TTM) 8.99 TWD
Dividend yield 6.5%
EPS growth (YoY) +22.6%

Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 69/100

Of which business quality 71 · Market factors (momentum, volatility) 44

Profitability 83
Margins and returns on capital today
Quality Growth 26
Are margins and returns improving?
Cashflow 73
Earnings quality: real cash, not paper profit
Fin. Strength 93
Balance sheet, leverage, solvency risk
Investment 51
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 51
Price trend over the last 3–12 months (market factor)
52W Momentum 25
Distance to the 52-week high (market factor)
Net Issuance 76
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

Shiny Brands Group Co., Ltd. engages in the research, development, and sales of beauty care products and biotech health foods in Taiwan and internationally. It offers its products under the SEXYLOOK, MIRAE, LUDEYA, Dr. May, SIMPLY, M2, Eatbliss, and iQueen brand names.

Full company description

Shiny Brands Group Co., Ltd. engages in the research, development, and sales of beauty care products and biotech health foods in Taiwan and internationally. It offers its products under the SEXYLOOK, MIRAE, LUDEYA, Dr. May, SIMPLY, M2, Eatbliss, and iQueen brand names. The company provides an ear hoop double lifting mask, obsidian black cotton mask, and a range of enzyme skin care products. The company was founded in 2009 and is based in Taipei City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shiny Brands Group reported revenue of 3.3B TWD in FY2025 versus 1.4B TWD in FY2021, a compound +24.8%/yr. Reported net income was 324M TWD in FY2025, compounding +22.9%/yr from FY2021.

Growth Quality 94/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
3.3B TWD
Latest YoY
−8.3%
Avg. growth/yr (3Y) 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.
+24.4%
Revenue +24.8%/yr
FY21 1.4B TWD
FY22 1.7B TWD
FY23 3.0B TWD
FY24 3.6B TWD
FY25 3.3B TWD
Net income +22.9%/yr
FY21 142M TWD
FY22 182M TWD
FY23 403M TWD
FY24 300M TWD
FY25 324M TWD

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Cite: Fair Value Calculator (2026). "Shiny Brands Group Fair Value". https://www.fairvalue-calculator.com/stock/6703

Peer Group

Household & Personal Products · 244 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 69 · Top 25%
Fair Value upside +69% · Top 25%
Return on equity (TTM) 28% · Top 25%
Return on assets 11% · Top 25%
Net margin (TTM) 10% · Above median
Operating margin (TTM) 10% · Above median
Revenue growth 9% · Top 25%
Dividend yield (TTM) 6.5% · Top 25%
Debt / equity 0.20× · Higher than median

Valuation Multiples vs Household & Personal Products median · lower = cheaper

P/E (TTM) 12.0× · Cheaper than 75% of peers
P/B 3.01× · Pricier than 75% of peers
P/S (TTM) 1.16× · Cheaper than median
P/FCF 0.3× · Cheaper than median
EV/EBITDA 7.5× · 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 28
FUTURE 47 · sector 4
PAST 100 · sector 26
HEALTH 90 · sector 98
DIVIDEND 100 · sector 50

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 Household & Personal Products stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
The Procter & Gamble Company PG $146.80 $108.16 -26%
Unilever PLC ULN 1,080 MXN 1,273 MXN +18%
Hindustan Unilever Limited HINDUNILVR ₹2,144 ₹1,000 -53%
Essity AB ESSITYA kr 279.00 kr 250.02 -10%
Godrej Consumer Products Limited GODREJCP ₹1,088 ₹367.64 -66%
Marico Limited MARICO ₹846.75 ₹233.05 -72%
APR Co 278470 375,000 KRW 151,222 KRW -60%
Dabur India Limited DABUR ₹429.45 ₹181.60 -58%
Kimberly-Clark de México, S. A. B. de C. V., KIMBERA 38.07 MXN 50.09 MXN +32%
PT Unilever Indonesia Tbk UNVR 1,730 IDR 1,934 IDR +12%

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Frequently asked questions

Is Shiny Brands Group (6703) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 179.97 TWD versus a price of 106.50 TWD, about +69% (undervalued).
What is the fair value of 6703?
Our model-based fair value for Shiny Brands Group is 179.97 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 106.50 TWD.
What is the quality score of 6703?
Shiny Brands Group has a Quality Score of 69/100. 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 Shiny Brands Group (6703)?
Shiny Brands Group reported trailing-twelve-month revenue of about 3.4B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 6703?
The net profit margin of Shiny Brands Group is about 10.0%, meaning it keeps roughly 10.0% of revenue as net income. Based on the latest reported figures.
Does Shiny Brands Group pay a dividend?
Shiny Brands Group currently shows a dividend yield of about 6.84% relative to its recent price (as of Jul 23, 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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