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Green River Holding (8444) Fair Value & Analysis

Basic Materials · TW · Market cap 618M TWD

GR Green River Holding 8444 · TWO
Price5.50 TWD
Fair Value1.74 TWD
Upside-68.3%
Quality16/100
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Weak Growth
Loss-making · -41.0% net margin
Low debt · negative free cash flow
Trails peers (1/9)
Narrow moat 6/100
Evidence: Low Range 1.59 TWD – 1.94 TWD Share as image

Fair value as of: Jul 23, 2026

From 3 valuation models · updated 18 days ago

Share price −1.1% over the past month.

Below-average quality, and screening another 68% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (1.94 TWD). The favourable scenario is already priced in.
  • Weak quality (16/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
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Price vs Fair Value (5 years)

142.05 TWD 4.52 TWD Fair Value 1.74 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 4.52 TWD – 142.05 TWD · fair‑value band 1.59 TWD – 1.94 TWD · the 5.50 TWD price screens above the 1.74 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Green River Holding (8444) currently trades at 5.50 TWD, while our model-based Fair Value estimate is 1.74 TWD, implying the stock looks roughly 68.3% overvalued today. The Quality Score stands at 16/100 (below-average quality), in the Basic Materials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).

Over the trailing twelve months, Green River Holding generated revenue of 2.6B TWD at a net margin of -41.0%. Revenue declined 57.4% year over year. Net debt stands at 6.4B TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 1.59 TWD (bear case) to 1.94 TWD (bull case); at 5.50 TWD, the current price sits above 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 68% below its 52-week high and 26% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -32% fair-value upside, at -68%, 8444 screens richer 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
Gordon GGM 1.87 TWD 2.05 TWD 2.28 TWD 70
DDM Multi-Stage 1.87 TWD 2.29 TWD 2.79 TWD 61
NCAV (Graham) 1.75 TWD 2.34 TWD 3.49 TWD 50
All 3 models by family
Dividend Discount
Gordon GGM 1.87 TWD 2.05 TWD 2.28 TWD 70
DDM Multi-Stage 1.87 TWD 2.29 TWD 2.79 TWD 61
Asset-Based
NCAV (Graham) 1.75 TWD 2.34 TWD 3.49 TWD 50

Widest divergence: Asset-Based (2.34 TWD) versus Dividend Discount (2.05 TWD). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Revenue (TTM) 2.6B TWD
Revenue growth (YoY) -57.4%
Net margin -41.0%
Return on equity -225%
Free cash flow −410M TWD FY2025
Operating margin -51.0%
More key figures
EPS (TTM) -10.06 TWD
EPS growth (YoY) +114%
Net debt 6.4B TWD FY2025

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

Quality Score breakdown

Overall quality 16/100

Of which business quality 15 · Market factors (momentum, volatility) 23

Profitability 5
Margins and returns on capital today
Quality Growth 22
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 0
Balance sheet, leverage, solvency risk
Investment 96
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 15
Price trend over the last 3–12 months (market factor)
52W Momentum 5
Distance to the 52-week high (market factor)
Net Issuance 3
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

Green River Holding Co. Ltd. manufactures, processing, and sells particle boards, solid wood boards, and resin in Thailand. The company also offers melamine faced chip boards. It exports its products in Malaysia, Vietnam, China, Korea, and other Asian regions. The company was founded in 2000 and is based in Songkhla, Thailand.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Green River Holding reported revenue of 3.3B TWD in FY2025 versus 5.8B TWD in FY2021, a compound −13.2%/yr. Reported net income was −1.1B TWD in FY2025.

Growth Quality 1/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
3.3B TWD
Latest YoY
−33.3%
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.
−4.9%
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.
−1.4%
Avg. growth/yr (8Y) 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.
−0.7%
Revenue −13.2%/yr
FY21 5.8B TWD
FY22 3.8B TWD
FY23 4.7B TWD
FY24 4.9B TWD
FY25 3.3B TWD
Net income
FY21 394M TWD
FY22 −787M TWD
FY23 −622M TWD
FY24 −888M TWD
FY25 −1.1B TWD

8444 screens 68% overvalued. Compare with Simpson Manufacturing Co →

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Cite: Fair Value Calculator (2026). "Green River Holding Fair Value". https://www.fairvalue-calculator.com/stock/8444

Peer Group

Lumber & Wood Production · 76 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 16 · Bottom 25%
Fair Value upside −68% · Bottom 25%
Return on assets -7% · Bottom 25%
Net margin (TTM) -41% · Bottom 25%
Operating margin (TTM) -51% · Bottom 25%
Revenue growth -57% · Bottom 25%
Debt / equity 0.32× · Higher than median

Valuation Multiples vs Lumber & Wood Production median · lower = cheaper

P/B 0.05× · Cheaper than 75% of peers

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 0 · sector 16
FUTURE 0 · sector 0
PAST 0 · sector 0
HEALTH 84 · sector 92
DIVIDEND 0 · sector 32

VALUE 0: the price sits above our fair-value range.

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 Lumber & Wood Production stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
Simpson Manufacturing Co SSD $188.80 $147.92 -22%
West Fraser Timber Co WFG C$98.54 C$51.55 -48%
UFP Industries, Inc UFPI $85.93 $108.78 +27%
Stella-Jones Inc SJ C$78.93 C$96.01 +22%
Boise Cascade Company BCC $76.06 $51.92 -32%
Century Plyboards (India) Limited CENTURYPLY ₹799.50 ₹201.01 -75%
DeHua TB New Decoration Material Co 002043 ¥11.74 ¥14.78 +26%
Canfor Corporation CFP C$14.17 C$4.54 -68%
Interfor Corporation IFP C$13.45 C$6.43 -52%
Kangxin New Materials Co 600076 ¥3.05 ¥0.6700 -78%

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Frequently asked questions

Is Green River Holding (8444) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 1.74 TWD versus a price of 5.50 TWD, about −68% (overvalued).
What is the fair value of 8444?
Our model-based fair value for Green River Holding is 1.74 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 5.50 TWD.
What is the quality score of 8444?
Green River Holding has a Quality Score of 16/100. 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 Green River Holding (8444)?
Green River Holding reported trailing-twelve-month revenue of about 2.6B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 8444?
The net profit margin of Green River Holding is about -41.0%, meaning it is currently running at a net loss. 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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