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WW Holding (8442) Fair Value & Analysis

Consumer Cyclical · TW · Market cap 3.2B TWD

WH WW Holding 8442 · TW
Price44.00 TWD
Fair Value81.02 TWD
Upside+84.1%
Quality43/100
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Expensive Growth
Thin margins · 1.6% net margin
Low debt · negative free cash flow
Mixed vs. peers (7/13)
Narrow moat 28/100
Evidence: High Range 55.72 TWD – 103.49 TWD Share as image

Fair value as of: Jul 23, 2026

From 17 valuation models · updated 18 days ago

Share price −3.3% over the past month.

Below-average quality, screening 84% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (43/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (55.72 TWD). The market is more pessimistic than our downside scenario.
  • A fairly wide model range (55.72 TWD to 103.49 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

113.04 TWD 30.40 TWD Fair Value 81.02 TWD Mar 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 30.40 TWD – 113.04 TWD · fair‑value band 55.72 TWD – 103.49 TWD · the 44.00 TWD price screens below the 81.02 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

WW Holding (8442) currently trades at 44.00 TWD, while our model-based Fair Value estimate is 81.02 TWD, implying the stock looks roughly 84.1% undervalued today. The Quality Score stands at 43/100 (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, WW Holding generated revenue of 8.1B TWD at a net margin of 3.6%. Revenue grew 9.0% year over year. It earns a return on equity of 7.6%. Net debt stands at 781M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 55.72 TWD (bear case) to 103.49 TWD (bull case); at 44.00 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 46% below its 52-week high and 13% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 2% fair-value upside, at 84%, 8442 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
Residual Income 44.10 TWD 46.93 TWD 50.68 TWD 76
ROIC Compounder 65.82 TWD 80.14 TWD 97.49 TWD 72
Gordon GGM 54.81 TWD 109.22 TWD 165.39 TWD 70
All 17 models by family
DCF Models
Owner Earnings 70.62 TWD 102.77 TWD 149.98 TWD 31
Earnings-Based
Graham-Dodd 27.82 TWD 87.38 TWD 116.31 TWD 54
Lynch FV 19.10 TWD 27.29 TWD 35.48 TWD 50
PEG = 1.0 19.10 TWD 27.29 TWD 35.48 TWD 46
EPV 63.60 TWD 72.11 TWD 79.45 TWD 59
Dividend Discount
Gordon GGM 54.81 TWD 109.22 TWD 165.39 TWD 70
DDM Multi-Stage 54.81 TWD 89.42 TWD 115.29 TWD 61
Multiples
P/E Multiple 67.51 TWD 90.02 TWD 112.52 TWD 63
P/S Multiple 52.17 TWD 69.56 TWD 86.95 TWD 58
P/B Multiple 52.17 TWD 69.56 TWD 86.95 TWD 55
EV/EBIT 101.14 TWD 131.61 TWD 162.08 TWD 53
EV/EBITDA 105.10 TWD 136.89 TWD 168.68 TWD 54
EV/Revenue 71.35 TWD 97.76 TWD 124.16 TWD 43
Asset-Based
NCAV (Graham) 26.86 TWD 35.99 TWD 53.72 TWD 50
Economic Profit
Residual Income 44.10 TWD 46.93 TWD 50.68 TWD 76
ROIC Compounder 65.82 TWD 80.14 TWD 97.49 TWD 72
Growth Earnings
Growth-Adj P/E 55.72 TWD 79.60 TWD 103.49 TWD 68

Widest divergence: DCF Models (102.77 TWD) versus Earnings-Based (27.29 TWD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 8.1B TWD
Revenue growth (YoY) +9.0%
Net margin 3.6%
Return on equity 7.6%
Free cash flow −122M TWD FY2025
P/E ratio 10.0
More key figures
Operating margin 3.3%
EPS (TTM) 4.02 TWD
EPS growth (YoY) -69.6%
Net debt 781M TWD FY2025

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

Quality Score breakdown

Overall quality 43/100

Of which business quality 44 · Market factors (momentum, volatility) 31

Profitability 45
Margins and returns on capital today
Quality Growth 12
Are margins and returns improving?
Cashflow 7
Earnings quality: real cash, not paper profit
Fin. Strength 66
Balance sheet, leverage, solvency risk
Investment 69
Disciplined investing over empire-building
Low Volatility 80
Calm price path (market factor)
Momentum 12
Price trend over the last 3–12 months (market factor)
52W Momentum 6
Distance to the 52-week high (market factor)
Net Issuance 74
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

WW Holding Inc., together with its subsidiaries, engages in the manufacturing and sale of sports equipment, sportswear, leather accessories, handbags, belts, suitcases, and luggage in the United States, Mainland China, Belgium, France, Germany, and internationally. It operates in two segments, Sports Apparel Business and Luxury Bags Business.

Full company description

WW Holding Inc., together with its subsidiaries, engages in the manufacturing and sale of sports equipment, sportswear, leather accessories, handbags, belts, suitcases, and luggage in the United States, Mainland China, Belgium, France, Germany, and internationally. It operates in two segments, Sports Apparel Business and Luxury Bags Business. The company offers sports and medical gears, such as calf pressure sleeves, functional sports socks, greaves, soft helmets, and sports gloves; sports and golf bags; luggage; and luxury bags, including casual and tote bags, and wallets. It is also involved in the trading and land development businesses. WW Holding Inc. was founded in 1998 and is headquartered in New Taipei City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

WW Holding reported revenue of 8.1B TWD in FY2025 versus 5.4B TWD in FY2021, a compound +10.7%/yr. Reported net income was 287M TWD in FY2025, compounding +39.7%/yr from FY2021.

Growth Quality 52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
8.1B TWD
Latest YoY
−2.9%
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.
−1.7%
Avg. growth/yr (5Y) 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.
+16.7%
Avg. growth/yr (12Y) 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.
+5.7%
Revenue +10.7%/yr
FY21 5.4B TWD
FY22 8.5B TWD
FY23 7.9B TWD
FY24 8.3B TWD
FY25 8.1B TWD
Net income +39.7%/yr
FY21 75.3M TWD
FY22 636M TWD
FY23 617M TWD
FY24 744M TWD
FY25 287M TWD
Character of growth · EPS growth decomposed (2014-2025) +8.0 % p.a.
Revenue per share +0.5 pp

of which total revenue +5.6 pp · buybacks/dilution −5.1 pp

EBIT margin +6.7 pp
Tax rate +2.4 pp
Residual (interest, one-offs) −1.6 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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Cite: Fair Value Calculator (2026). "WW Holding Fair Value". https://www.fairvalue-calculator.com/stock/8442

Peer Group

Leisure · 190 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 43 · Bottom 25%
Fair Value upside +84% · Top 25%
Return on equity (TTM) 3% · Below median
Return on assets 3% · Above median
Net margin (TTM) 2% · Below median
Operating margin (TTM) 1% · Below median
Revenue growth 0% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.06× · Lower than median

Valuation Multiples vs Leisure median · lower = cheaper

P/E (TTM) 11.4× · Cheaper than 75% of peers
P/B 0.86× · Cheaper than median
P/S (TTM) 0.40× · Cheaper than median
EV/EBITDA 5.6× · 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 14
FUTURE 1 · sector 18
PAST 14 · sector 19
HEALTH 97 · sector 94
DIVIDEND 0 · sector 51

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

Stock Price Fair Value vs Fair Value
ANTA Sports Products Limited 2020 HK$74.15 HK$119.29 +61%
Pop Mart International Group 9992 HK$160.20 HK$227.30 +42%
Amer Sports, Inc AS $36.44 $16.16 -56%
Hasbro, Inc HAS $81.55 $83.38 +2%
Life Time Group LTH $42.15 $16.15 -62%
Acushnet Holdings GOLF $114.78 $37.79 -67%
Li Ning Company 2331 HK$14.80 HK$29.26 +98%
Benefit Systems S.A BFT 5,255 PLN 3,714 PLN -29%
Ninebot Limited 689009 ¥37.82 ¥39.17 +4%
Asmodee Group ASMDEEB kr 145.70 kr 41.90 -71%

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Frequently asked questions

Is WW Holding (8442) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 81.02 TWD versus a price of 44.00 TWD, about +84% (undervalued).
What is the fair value of 8442?
Our model-based fair value for WW Holding is 81.02 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 44.00 TWD.
What is the quality score of 8442?
WW Holding has a Quality Score of 43/100. 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 WW Holding (8442)?
WW Holding reported trailing-twelve-month revenue of about 8.1B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 8442?
The net profit margin of WW Holding is about 3.6%, meaning it keeps roughly 3.6% of revenue as net income. Based on the latest reported figures.

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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