Paiho Shih Holdings (8404) Fair Value & Analysis
Consumer Cyclical · TW · Market cap 7.2B TWD
Fair value as of: Jul 21, 2026
From 16 valuation models · updated 20 days ago
Share price −3.9% over the past month.
Below-average quality, screening 78% undervalued on our models.
What matters now
- The large discount to fair value meets weak quality (32/100). That raises the risk this is a value trap rather than a bargain.
- The price is below even our cautious bear case (20.01 TWD). The market is more pessimistic than our downside scenario.
- A fairly wide model range (20.01 TWD to 37.28 TWD) leaves room in how you read the outcome.
Price vs Fair Value (5 years)
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 16.15 TWD – 46.60 TWD · fair‑value band 20.01 TWD – 37.28 TWD · the 16.15 TWD price screens below the 28.67 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.
Analysis
Paiho Shih Holdings (8404) currently trades at 16.15 TWD, while our model-based Fair Value estimate is 28.67 TWD, implying the stock looks roughly 77.5% undervalued today. The Quality Score stands at 32/100 (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, Paiho Shih Holdings generated revenue of 7.5B TWD at a net margin of 6.1%. Revenue declined 1.9% year over year. It earns a return on equity of 6.5%. Net debt stands at 8.5B TWD. Fundamentals as of Jul 21, 2026
Our scenario range runs from 20.01 TWD (bear case) to 37.28 TWD (bull case); at 16.15 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 44% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 0% fair-value upside, at 78%, 8404 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.
All 16 models by family
Widest divergence: Growth Earnings (28.67 TWD) versus Dividend Discount (2.12 TWD). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 33 · Market factors (momentum, volatility) 34
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
Paiho Shih Holdings Corporation, through its subsidiaries, engages in the production and sale of touch fastener, webbing, elastic, and jacquard engineered mesh products in China and Vietnam. The company offers touch fastener, easy tapes, and adhesive tapes; and elastic series, including elastic-knitting, webbing-woven, and braided elastic drawcord series.
Full company description
Paiho Shih Holdings Corporation, through its subsidiaries, engages in the production and sale of touch fastener, webbing, elastic, and jacquard engineered mesh products in China and Vietnam. The company offers touch fastener, easy tapes, and adhesive tapes; and elastic series, including elastic-knitting, webbing-woven, and braided elastic drawcord series. It also provides webbing-knitting and webbing-woven; drawcord products comprising knitted series, woven-knitted, and braided series; and knitted jacquard mesh and woven jacquard fabric. In addition, the company is involved in international investment and trade business; provision of commercial property management, planning consultation, sales, development, leasing, and design and decoration services; and production and sale of face masks and non-woven fabric products. Its products are used in clothing, shoes, medical, transportation, electronics, and home applications. The company was founded in 1995 and is headquartered in Changhua, Taiwan. Paiho Shih Holdings Corporation operates as a subsidiary of Paiho Int'l Limited.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Paiho Shih Holdings reported revenue of 7.6B TWD in FY2025 versus 10.1B TWD in FY2021, a compound −7.0%/yr. Reported net income was 602M TWD in FY2025, compounding −16.7%/yr from FY2021.
of which total revenue +7.9 pp · buybacks/dilution −2.0 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
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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.
Valuation Multiples vs Footwear & Accessories median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
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 21, 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
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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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