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Grand Hall Enterprise Co (8941) Fair Value & Analysis

Consumer Defensive · TW · Market cap 1.5B TWD

GH Grand Hall Enterprise Co 8941 · TWO
Price43.40 TWD
Fair Value19.71 TWD
Upside-54.6%
Quality56/100
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Weak Growth
Thin margins · 1.1% net margin
generates free cash flow
2.30% dividend yield
Trails peers (3/13)
Narrow moat 17/100
Evidence: Medium Range 14.78 TWD – 24.64 TWD Share as image

Fair value as of: Jul 23, 2026

From 24 valuation models · updated 17 days ago

Share price +0.9% over the past month.

A solid business, but screening 55% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (24.64 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (56/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

81.00 TWD 29.19 TWD Fair Value 19.71 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 29.19 TWD – 81.00 TWD · fair‑value band 14.78 TWD – 24.64 TWD · the 43.40 TWD price screens above the 19.71 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

Full chart & analysis →

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Analysis

Grand Hall Enterprise Co (8941) currently trades at 43.40 TWD, while our model-based Fair Value estimate is 19.71 TWD, implying the stock looks roughly 54.6% overvalued today. The Quality Score stands at 56/100 (solid quality), in the Consumer Defensive 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: medium).

Over the trailing twelve months, Grand Hall Enterprise Co generated revenue of 3.0B TWD at a net margin of 1.1%. Revenue grew 5.7% year over year. It earns a return on equity of 2.2%. Net debt stands at 21.7M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 14.78 TWD (bear case) to 24.64 TWD (bull case); at 43.40 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 25% below its 52-week high and 3% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -26% fair-value upside, at -55%, 8941 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
Residual Income 17.10 TWD 17.18 TWD 15.58 TWD 76
Growth DCF 25.20 TWD 29.11 TWD 35.05 TWD 72
Gordon GGM 11.65 TWD 14.45 TWD 17.08 TWD 70
All 24 models by family
DCF Models
FCF DCF 24.84 TWD 28.95 TWD 35.71 TWD 38
Owner Earnings 55.47 TWD 68.15 TWD 88.95 TWD 31
5Y Revenue Exit 21.51 TWD 25.51 TWD 31.14 TWD 39
5Y EBITDA Exit 42.93 TWD 62.12 TWD 86.72 TWD 41
5Y P/E Exit 25.44 TWD 32.23 TWD 40.06 TWD 38
10Y Revenue Exit 22.62 TWD 26.13 TWD 30.04 TWD 36
10Y EBITDA Exit 34.90 TWD 48.28 TWD 63.90 TWD 37
10Y P/E Exit 25.06 TWD 30.20 TWD 35.48 TWD 35
Earnings-Based
Graham-Dodd 7.88 TWD 13.99 TWD 17.21 TWD 54
EPV 14.54 TWD 15.14 TWD 15.65 TWD 59
Dividend Discount
Gordon GGM 11.65 TWD 14.45 TWD 17.08 TWD 70
DDM Multi-Stage 11.65 TWD 15.01 TWD 18.61 TWD 61
Multiples
P/E Multiple 18.26 TWD 24.35 TWD 30.43 TWD 63
P/S Multiple 14.78 TWD 19.71 TWD 24.64 TWD 58
P/B Multiple 14.78 TWD 19.71 TWD 24.64 TWD 55
EV/EBIT 23.60 TWD 28.09 TWD 32.59 TWD 53
EV/EBITDA 63.70 TWD 81.57 TWD 99.43 TWD 54
EV/Revenue 19.73 TWD 23.86 TWD 27.99 TWD 43
Asset-Based
NCAV (Graham) 11.72 TWD 15.70 TWD 23.43 TWD 50
Growth DCF
Growth DCF 25.20 TWD 29.11 TWD 35.05 TWD 72
Rev-Margin DCF 21.51 TWD 25.82 TWD 31.18 TWD 67
Economic Profit
Residual Income 17.10 TWD 17.18 TWD 15.58 TWD 76
ROIC Compounder 14.54 TWD 15.14 TWD 15.65 TWD 67
Growth Earnings
Growth-Adj P/E 12.89 TWD 18.42 TWD 23.95 TWD 68

Widest divergence: DCF Models (30.20 TWD) versus Earnings-Based (13.99 TWD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 3.0B TWD
Revenue growth (YoY) +5.7%
Net margin 1.1%
Return on equity 2.2%
Free cash flow 60.8M TWD FY2025
P/E ratio 37.5
More key figures
Operating margin 0.6%
EPS (TTM) 1.16 TWD
Dividend yield 2.3%
EPS growth (YoY) -14.1%
Net debt 21.7M TWD FY2023

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

Quality Score breakdown

Overall quality 56/100

Of which business quality 59 · Market factors (momentum, volatility) 45

Profitability 52
Margins and returns on capital today
Quality Growth 29
Are margins and returns improving?
Cashflow 53
Earnings quality: real cash, not paper profit
Fin. Strength 70
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 95
Calm price path (market factor)
Momentum 30
Price trend over the last 3–12 months (market factor)
52W Momentum 16
Distance to the 52-week high (market factor)
Net Issuance 58
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

Grand Hall Enterprise Co., Ltd. designs, produces, and sells outdoor gas supplies in Taiwan, North America, Europe, and Australia. The company offers barbecue grills and outdoor living products.

Full company description

Grand Hall Enterprise Co., Ltd. designs, produces, and sells outdoor gas supplies in Taiwan, North America, Europe, and Australia. The company offers barbecue grills and outdoor living products. It also provides grills and cooking technology; switch and high-pressure valve manufacturing; gas stoves and heating technology; and decorative flame and combustion patent products. The company was founded in 1965 and is based in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Grand Hall Enterprise Co reported revenue of 3.0B TWD in FY2025 versus 3.2B TWD in FY2021, a compound −1.8%/yr. Reported net income was 40.5M TWD in FY2025, compounding −22.0%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
3.0B TWD
Latest YoY
−5.4%
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.
−3.4%
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.
+1.3%
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.
+2.3%
Revenue −1.8%/yr
FY21 3.2B TWD
FY22 3.3B TWD
FY23 2.9B TWD
FY24 3.2B TWD
FY25 3.0B TWD
Net income −22.0%/yr
FY21 110M TWD
FY22 211M TWD
FY23 193M TWD
FY24 177M TWD
FY25 40.5M TWD

8941 screens 55% overvalued. Compare with The Procter & Gamble Company →

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Cite: Fair Value Calculator (2026). "Grand Hall Enterprise Co Fair Value". https://www.fairvalue-calculator.com/stock/8941

Peer Group

Household & Personal Products · 244 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 56 · Below median
Fair Value upside −55% · Bottom 25%
Return on equity (TTM) 2% · Below median
Return on assets 1% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 1% · Below median
Revenue growth 6% · Above median
Dividend yield (TTM) 2.3% · Below median

Valuation Multiples vs Household & Personal Products median · lower = cheaper

P/E (TTM) 37.5× · Pricier than 75% of peers
P/B 1.86× · Pricier than median
P/S (TTM) 0.50× · Cheaper than median
P/FCF 0.8× · Cheaper than median
EV/EBITDA 32.5× · Pricier 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 28
FUTURE 29 · sector 4
PAST 9 · sector 26
HEALTH 0 · sector 98
DIVIDEND 46 · sector 50

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 Household & Personal Products stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
The Procter & Gamble Company PG $146.80 $108.16 -26%
Unilever PLC ULN 1,080 MXN 1,273 MXN +18%
Hindustan Unilever Limited HINDUNILVR ₹2,144 ₹1,000 -53%
Essity AB ESSITYA kr 279.00 kr 250.02 -10%
Godrej Consumer Products Limited GODREJCP ₹1,088 ₹367.64 -66%
Marico Limited MARICO ₹846.75 ₹233.05 -72%
APR Co 278470 375,000 KRW 151,222 KRW -60%
Dabur India Limited DABUR ₹429.45 ₹181.60 -58%
Kimberly-Clark de México, S. A. B. de C. V., KIMBERA 38.07 MXN 50.09 MXN +32%
PT Unilever Indonesia Tbk UNVR 1,730 IDR 1,934 IDR +12%

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Frequently asked questions

Is Grand Hall Enterprise Co (8941) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 19.71 TWD versus a price of 43.40 TWD, about −55% (overvalued).
What is the fair value of 8941?
Our model-based fair value for Grand Hall Enterprise Co is 19.71 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 43.40 TWD.
What is the quality score of 8941?
Grand Hall Enterprise Co has a Quality Score of 56/100. 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 Grand Hall Enterprise Co (8941)?
Grand Hall Enterprise Co reported trailing-twelve-month revenue of about 3.0B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 8941?
The net profit margin of Grand Hall Enterprise Co is about 1.1%, meaning it keeps roughly 1.1% of revenue as net income. Based on the latest reported figures.
Does Grand Hall Enterprise Co pay a dividend?
Grand Hall Enterprise Co currently shows a dividend yield of about 2.31% relative to its recent price (as of Jul 23, 2026).

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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