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Lai Yih Footwear Co (6890) Fair Value & Analysis

Consumer Cyclical · TW · Market cap 42.5B TWD

LY Lai Yih Footwear Co 6890 · TW
Price173.00 TWD
Fair Value228.93 TWD
Upside+32.3%
Quality45/100
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Healthy Growth
Thin margins · 6.8% net margin
Low debt · generates free cash flow
4.09% dividend yield
Mixed vs. peers (7/14)
Narrow moat 37/100
Evidence: High Range 132.78 TWD – 285.63 TWD Share as image

Fair value as of: Jul 23, 2026

From 26 valuation models · updated 18 days ago

Share price −9.5% over the past month.

Below-average quality, screening 32% undervalued on our models.

What matters now

  • Solid quality (45/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (132.78 TWD to 285.63 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (2 years)

459.65 TWD 143.06 TWD Fair Value 228.93 TWD Jun 2024 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

26‑month range 143.06 TWD – 459.65 TWD · fair‑value band 132.78 TWD – 285.63 TWD · the 173.00 TWD price screens below the 228.93 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

Full chart & analysis →

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Analysis

Lai Yih Footwear Co (6890) currently trades at 173.00 TWD, while our model-based Fair Value estimate is 228.93 TWD, implying the stock looks roughly 32.3% undervalued today. The Quality Score stands at 45/100 (below-average 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: high), always confirm before acting.

Over the trailing twelve months, Lai Yih Footwear Co generated revenue of 37.0B TWD at a net margin of 6.8%. Revenue declined 26.9% year over year. It earns a return on equity of 10.2%. The balance sheet holds a net cash position of 1.1B TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 132.78 TWD (bear case) to 285.63 TWD (bull case); at 173.00 TWD, the current price sits within 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 50% below its 52-week high and 22% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 0% fair-value upside, at 32%, 6890 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 126.55 TWD 206.71 TWD 339.81 TWD 80
Residual Income 94.93 TWD 116.51 TWD 232.79 TWD 76
Rev-Margin DCF 141.31 TWD 237.95 TWD 359.80 TWD 74
All 26 models by family
DCF Models
FCF DCF 126.79 TWD 212.38 TWD 357.33 TWD 38
Owner Earnings 172.91 TWD 293.27 TWD 497.07 TWD 31
5Y Revenue Exit 141.31 TWD 240.61 TWD 374.69 TWD 39
5Y EBITDA Exit 144.71 TWD 247.46 TWD 374.76 TWD 41
5Y P/E Exit 157.97 TWD 274.25 TWD 405.46 TWD 38
10Y Revenue Exit 130.74 TWD 222.90 TWD 362.06 TWD 36
10Y EBITDA Exit 137.58 TWD 227.87 TWD 362.12 TWD 37
10Y P/E Exit 146.30 TWD 247.27 TWD 387.33 TWD 35
Earnings-Based
Graham-Dodd 93.14 TWD 402.04 TWD 549.57 TWD 54
Lynch FV 103.16 TWD 147.38 TWD 191.59 TWD 50
PEG = 1.0 103.16 TWD 147.38 TWD 191.59 TWD 46
EPV 125.82 TWD 144.59 TWD 161.01 TWD 59
Dividend Discount
Gordon GGM 82.64 TWD 171.82 TWD 272.57 TWD 70
DDM Multi-Stage 82.64 TWD 144.88 TWD 180.33 TWD 61
Multiples
P/E Multiple 174.63 TWD 232.85 TWD 291.06 TWD 63
P/S Multiple 174.63 TWD 232.85 TWD 291.06 TWD 58
P/B Multiple 174.63 TWD 232.85 TWD 291.06 TWD 55
EV/EBIT 172.21 TWD 225.21 TWD 278.20 TWD 53
EV/EBITDA 166.36 TWD 217.41 TWD 268.45 TWD 54
EV/Revenue 151.01 TWD 210.07 TWD 269.12 TWD 43
Asset-Based
NCAV (Graham) 48.45 TWD 64.92 TWD 96.90 TWD 50
Growth DCF
Growth DCF 126.55 TWD 206.71 TWD 339.81 TWD 80
Rev-Margin DCF 141.31 TWD 237.95 TWD 359.80 TWD 74
Economic Profit
Residual Income 94.93 TWD 116.51 TWD 232.79 TWD 76
ROIC Compounder 136.61 TWD 179.99 TWD 239.12 TWD 72
Growth Earnings
Growth-Adj P/E 153.51 TWD 219.29 TWD 285.08 TWD 68

Widest divergence: DCF Models (240.61 TWD) versus Asset-Based (64.92 TWD). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 37.0B TWD
Revenue growth (YoY) -26.9%
Net margin 6.8%
Return on equity 10.2%
Free cash flow 2.3B TWD FY2025
P/E ratio 19.8
More key figures
Operating margin 2.6%
EPS (TTM) 12.95 TWD
Dividend yield 2.5%
EPS growth (YoY) -79.5%
Net cash 1.1B TWD FY2025

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

Quality Score breakdown

Overall quality 45/100

Of which business quality 49 · Market factors (momentum, volatility) 32

Profitability 55
Margins and returns on capital today
Quality Growth 25
Are margins and returns improving?
Cashflow 40
Earnings quality: real cash, not paper profit
Fin. Strength 92
Balance sheet, leverage, solvency risk
Investment 57
Disciplined investing over empire-building
Low Volatility 54
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 13
Distance to the 52-week high (market factor)
Net Issuance 10
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

Lai Yih Footwear Co., Ltd. engages in the production and sale of sports and leisure footwear in the United States, Europe, Asia, the Netherlands, rest of America, Myanmar, and internationally. It offers vulcanized shoes, athletic footwear, cold-pressed shoes, and specialized functional footwear.

Full company description

Lai Yih Footwear Co., Ltd. engages in the production and sale of sports and leisure footwear in the United States, Europe, Asia, the Netherlands, rest of America, Myanmar, and internationally. It offers vulcanized shoes, athletic footwear, cold-pressed shoes, and specialized functional footwear. The company was founded in 1987 and is headquartered in Taichung, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Lai Yih Footwear Co reported revenue of 39.6B TWD in FY2025 versus 20.0B TWD in FY2021, a compound +18.7%/yr. Reported net income was 3.4B TWD in FY2025, compounding +98.3%/yr from FY2021.

Growth Quality 73/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
39.6B TWD
Latest YoY
+5.1%
Avg. growth/yr (3Y)
+8.1%
Avg. growth/yr (5Y)
+9.0%
Revenue +18.7%/yr
FY21 20.0B TWD
FY22 31.3B TWD
FY23 28.0B TWD
FY24 37.7B TWD
FY25 39.6B TWD
Net income +98.3%/yr
FY21 221M TWD
FY22 2.5B TWD
FY23 1.4B TWD
FY24 3.8B TWD
FY25 3.4B TWD

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Cite: Fair Value Calculator (2026). "Lai Yih Footwear Co Fair Value". https://www.fairvalue-calculator.com/stock/6890

Peer Group

Footwear & Accessories · 94 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 45 · Below median
Fair Value upside +32% · Above median
Return on equity (TTM) 10% · Above median
Return on assets 5% · Above median
Net margin (TTM) 7% · Above median
Operating margin (TTM) 3% · Below median
Revenue growth -27% · Bottom 25%
Dividend yield (TTM) 4.1% · Above median
Debt / equity 0.19× · Higher than median

Valuation Multiples vs Footwear & Accessories median · lower = cheaper

P/E (TTM) 17.0× · Cheaper than median
P/B 1.76× · Pricier than median
P/S (TTM) 1.15× · Pricier than median
P/FCF 0.6× · Cheaper than 75% of peers
EV/EBITDA 9.6× · Pricier 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 76 · sector 4
FUTURE 0 · sector 0
PAST 41 · sector 23
HEALTH 90 · sector 97
DIVIDEND 82 · sector 41

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 Footwear & Accessories stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
NIKE, Inc NKE $44.37 $35.63 -20%
adidas AG 1ADS €165.00 €65.71 -60%
Deckers Outdoor Corporation DECK $106.49 $125.16 +18%
On Holding ONON $38.20 $17.64 -54%
Zhejiang China Commodities City Group 600415 ¥12.11 ¥13.03 +8%
Birkenstock Holding BIRK $44.36 $44.14 -0%
Crocs, Inc CROX $138.91 $203.65 +47%
Huali Industrial Group 300979 ¥31.10 ¥54.71 +76%
PUMA SE PUM €29.31 €10.57 -64%
Steven Madden, Ltd SHOO $43.26 $11.69 -73%

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Frequently asked questions

Is Lai Yih Footwear Co (6890) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 228.93 TWD versus a price of 173.00 TWD, about +32% (undervalued).
What is the fair value of 6890?
Our model-based fair value for Lai Yih Footwear Co is 228.93 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 173.00 TWD.
What is the quality score of 6890?
Lai Yih Footwear Co has a Quality Score of 45/100. 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 Lai Yih Footwear Co (6890)?
Lai Yih Footwear Co reported trailing-twelve-month revenue of about 37.0B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 6890?
The net profit margin of Lai Yih Footwear Co is about 6.8%, meaning it keeps roughly 6.8% of revenue as net income. Based on the latest reported figures.
Does Lai Yih Footwear Co pay a dividend?
Lai Yih Footwear Co currently shows a dividend yield of about 2.46% 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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