Lai Yih Footwear Co., Ltd. (6890) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Lai Yih Footwear Co., Ltd. TWD 185, price TWD 147, upside +26.5%, quality 45 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
27‑month range 143.06 TWD – 459.65 TWD · fair‑value band 110.64 TWD – 242.32 TWD · the 146.50 TWD price screens below the 185.38 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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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.
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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.
Stock analysis
Lai Yih Footwear Co., Ltd. (6890) currently trades at 146.50 TWD, while our model-based Fair Value estimate is 185.38 TWD, implying the stock looks roughly 21.0% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 225.21 TWD per share, and 20 of the 26 models we run sit above the 146.50 TWD price.
Bear case: the Asset-Based group reads lowest at 64.92 TWD, and 6 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: 110.64 TWD (bear) to 242.32 TWD (bull), the price of 146.50 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 45/100 (below-average quality), in the Consumer Cyclical sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Lai Yih Footwear Co., Ltd. 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. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 42.5B TWD (≈ $1.3B) · P/E ratio 14.6 · P/S ratio 1.26 · EPS (TTM) 10.04 TWD · Dividend yield 4.8% · Net margin 8.6% · Return on equity 10.2% · Return on assets (EBIT) 9.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (medium confidence).
What moves the price
The share trades about 47% below its 52-week high and 2% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 49% fair-value upside, at 27%, 6890 screens richer than that median.
Fair Value models
Bear 110.64 TWDFair Value 185.38 TWDBull 242.32 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 (2.22 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.73/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+5.1%
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.
+8.1%
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.
+9.0%
Start year 2020 (pandemic)
’20
’21
’22
’23
’24
’25
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.
+25.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+20.2%
Dividend (yield on the price)4.8%
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.11% → 10%
Growth Forecast
Price in line with expectations
The price assumes about as much growth as the company has delivered so far and about what analysts expect.
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).
+10.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+8.8%
Yearly sales growth analysts expect, extended to five years.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +8.9% a year for the price and +7.1% for the forecasts.
Compare Lai Yih Footwear Co., Ltd. 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.Footwear & Accessories · 95 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score45 · Below median
Fair Value upside+27% · Above median
Profitability
Return on equity (TTM)10% · Above median
Return on assets5% · Above median
Net margin (TTM)7% · Above median
Operating margin (TTM)3% · Below median
Growth and dividend
Revenue growth−27% · Bottom 25%
Dividend yield (TTM)4.8% · Above median
Balance sheet
Debt / equity0.19× · Above median
Valuation Multiplesvs Footwear & Accessories median · lower = cheaper
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Is Lai Yih Footwear Co., Ltd. (6890) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 185.38 TWD versus a price of 146.50 TWD, about +27% upside (undervalued).
What is the fair value of 6890?
Our model-based fair value for Lai Yih Footwear Co., Ltd. is 185.38 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 146.50 TWD.
What is the quality score of 6890?
Lai Yih Footwear Co., Ltd. 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 price target for Lai Yih Footwear Co., Ltd. (6890)?
Our model-based price target is the fair value of 185.38 TWD (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 110.64 TWD, optimistic scenario 242.32 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Lai Yih Footwear Co., Ltd. stock forecast for 2026?
Our models put fair value at 185.38 TWD, about +27% upside versus a price of 146.50 TWD (undervalued). Cautious scenario 110.64 TWD, optimistic scenario 242.32 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Lai Yih Footwear Co., Ltd. (6890)?
Lai Yih Footwear Co., Ltd. reported trailing-twelve-month revenue of about 37.0B TWD (latest available figure, as of Sep 24, 2026).
Does Lai Yih Footwear Co., Ltd. pay a dividend?
Lai Yih Footwear Co., Ltd. currently shows a dividend yield of about 4.78% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Lai Yih Footwear Co., Ltd. (6890)?
For today's price to be fair in a discounted-cash-flow model, Lai Yih Footwear Co., Ltd. would have to grow free cash flow by +10.6 % 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 +9.0 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 6890 use?
Our models discount Lai Yih Footwear Co., Ltd. at 11.8 %: a base by market capitalisation (small), 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 Lai Yih Footwear Co., Ltd. that is +10.6 % 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 Lai Yih Footwear Co., Ltd. (6890) delivered so far?
Over the past 5 years revenue at Lai Yih Footwear Co., Ltd. grew +9.0 % a year. The price currently implies +10.6 % 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 Lai Yih Footwear Co., Ltd. (6890) growing?
The median revenue growth in the sector is +5.4 % a year. That is the yardstick for the growth priced into Lai Yih Footwear Co., Ltd. (+10.6 % 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 Lai Yih Footwear Co., Ltd. (6890)?
The free-cash-flow yield on the price is 5.87 %: that much free cash flow Lai Yih Footwear Co., Ltd. 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 Lai Yih Footwear Co., Ltd. (6890)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Lai Yih Footwear Co., Ltd. it is 185.38 TWD per share (as of Sep 24, 2026), against a price of 146.50 TWD. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Lai Yih Footwear Co., Ltd. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 6890 trades below its calculated fair value: price 146.50 TWD, fair value 185.38 TWD, a gap of about +27% (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 6890?
No. The price is what the market pays today (146.50 TWD); the fair value is what the company's own numbers justify (185.38 TWD). For Lai Yih Footwear Co., Ltd. the two are 38.88 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Lai Yih Footwear Co., Ltd. worth?
The market values Lai Yih Footwear Co., Ltd. at about 42.5B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 146.50 TWD; our models calculate a fair value of 185.38 TWD per share.
What do the bullish and bearish scenarios say about 6890?
Our models span a range for Lai Yih Footwear Co., Ltd.: cautious scenario 110.64 TWD, base 185.38 TWD, optimistic 242.32 TWD per share (as of Sep 24, 2026, price 146.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6890?
Lai Yih Footwear Co., Ltd. trades at a price-to-earnings ratio of 14.6 (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 185.38 TWD is built from several models across several years. Other multiples: P/B 1.8, P/S 1.2, EV/EBITDA 9.6.
How solid is the balance sheet of Lai Yih Footwear Co., Ltd. (6890)?
Balance-sheet figures for Lai Yih Footwear Co., Ltd. (as of Sep 24, 2026): return on equity 10.2%, debt of 0.19 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is 6890 from its 52-week high?
Lai Yih Footwear Co., Ltd. trades at 146.50 TWD, about 47% below its 52-week high of 274.72 TWD and 2% above the low of 143.06 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 185.38 TWD is for.
Which stocks are comparable to Lai Yih Footwear Co., Ltd.?
From the same area (Consumer Cyclical) we also value NIKE, Inc, Deckers Outdoor Corporation, On Holding, Zhejiang China Commodities City Group, 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 Lai Yih Footwear Co., Ltd. stock attractive at the current price?
The data as of Sep 24, 2026: price 146.50 TWD, calculated fair value 185.38 TWD (+27%), Quality Score 45/100, from 26 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 6890 calculated?
We run Lai Yih Footwear Co., Ltd. through 26 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 185.38 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 14.1 % above its aggregate fair value. Lai Yih Footwear Co., Ltd. currently trades 27 % 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 Lai Yih Footwear Co., Ltd. (6890)?
The closing price on Sep 24, 2026 was 146.50 TWD. Our model-based fair value is 185.38 TWD, about +27% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Lai Yih Footwear Co., Ltd. right 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 (110.64 TWD to 242.32 TWD) leaves room in how you read the outcome.
Key figures of Lai Yih Footwear Co., Ltd.
How large is the market capitalisation of Lai Yih Footwear Co., Ltd. (6890)?
The market capitalisation of Lai Yih Footwear Co., Ltd. is 42.5B TWD (≈ $1.3B). 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 Lai Yih Footwear Co., Ltd. (6890)?
The price-to-sales ratio of Lai Yih Footwear Co., Ltd. is 1.26 (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 Lai Yih Footwear Co., Ltd. (6890)?
Earnings per share at Lai Yih Footwear Co., Ltd. are 10.04 TWD (price ÷ EPS = P/E 14.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Lai Yih Footwear Co., Ltd. (6890)?
The dividend yield of Lai Yih Footwear Co., Ltd. is 4.8% (payout 69.7%). 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 Lai Yih Footwear Co., Ltd. (6890)?
The net margin of Lai Yih Footwear Co., Ltd. is 8.6% (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 Lai Yih Footwear Co., Ltd. (6890)?
The return on equity (ROE) of Lai Yih Footwear Co., Ltd. is 10.2% (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 Lai Yih Footwear Co., Ltd. (6890)?
On an EBIT basis the return on assets of Lai Yih Footwear Co., Ltd. is 9.5% (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 Lai Yih Footwear Co., Ltd. (6890)?
The operating margin of Lai Yih Footwear Co., Ltd. is 2.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Lai Yih Footwear Co., Ltd. (6890)?
Revenue at Lai Yih Footwear Co., Ltd. is growing −26.9% versus a year earlier (3y avg +8.1%). 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 Lai Yih Footwear Co., Ltd. (6890)?
Earnings per share at Lai Yih Footwear Co., Ltd. are growing −79.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Lai Yih Footwear Co., Ltd. (6890) hold?
Lai Yih Footwear Co., Ltd. holds more cash than debt, 1.1B TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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