Nien Made Enterprise Co (8464) Fair Value & Analysis

Consumer Cyclical · TW · Market cap 105B TWD

A solid business, screening 21% undervalued on our models.

What matters now

• Solid quality (68/100) at a price below fair value, the discount is the argument here, not the business quality.
• A fairly wide model range (307.44 TWD to 563.04 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 19, 2026.

How to read this chart

60‑month range 227.46 TWD – 514.00 TWD · fair‑value band 307.44 TWD – 563.04 TWD · the 381.00 TWD price screens below the 460.90 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 19, 2026.

Full chart & analysis →

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Analysis

Nien Made Enterprise Co (8464) currently trades at 381.00 TWD, while our model-based Fair Value estimate is 460.90 TWD, implying the stock looks roughly 21.0% undervalued today. The Quality Score stands at 68/100 (solid 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, Nien Made Enterprise Co generated revenue of 30.0B TWD at a net margin of 21.6%. Revenue grew 0.4% year over year. It earns a return on equity of 25.4%. The balance sheet holds a net cash position of 15.3B TWD. Fundamentals as of Jul 19, 2026

Our scenario range runs from 307.44 TWD (bear case) to 563.04 TWD (bull case); at 381.00 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 25% below its 52-week high and 26% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 16% fair-value upside, at 21%, 8464 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.

Widest divergence: Growth Earnings (456.24 TWD) versus Asset-Based (68.60 TWD). Highest evidence: Growth DCF (80).

Key figures & financial health

Quality Score breakdown

About the company

Nien Made Enterprise Co., LTD. engages in the research, development, design, manufacture, and sale of various types of window coverings and related components in the United States, Europe, and internationally. The company operates through two segments, Window Coverings and Other.

Full company description

Nien Made Enterprise Co., LTD. engages in the research, development, design, manufacture, and sale of various types of window coverings and related components in the United States, Europe, and internationally. The company operates through two segments, Window Coverings and Other. It offers various types of blinds, shutters, shades, and related components; wood blinds and shutter semi-products; smart drape; cellular, roman, and roller shades; plastic blinds and accessories; and chair covers. The company also designs, manufactures, and sells automated appliances and PVC tubes. In addition, it engages in manufacturing and selling dehumidifiers and air purifiers; the provision of logistics support services and window coverings documentation processing services; and trading and servicing in window coverings. The company was formerly known as Huan Qiu Shi Jing Co., Ltd. and changed its name to Nien Made Enterprise Co., LTD. in March 2008. Nien Made Enterprise Co., LTD. was founded in 1974 and is headquartered in Taichung, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Nien Made Enterprise Co reported revenue of 30.0B TWD in FY2025 versus 29.0B TWD in FY2021, a compound +0.8%/yr. Reported net income was 6.6B TWD in FY2025, compounding +5.5%/yr from FY2021.

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Peer Group

Furnishings, Fixtures & Appliances · 311 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 Furnishings, Fixtures & Appliances 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.

Insider activity: 40/100

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.

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Frequently asked questions

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.