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KNH Enterprise Co Ltd (9919) Fair Value & Analysis

Consumer Defensive · TW · Market cap 2.8B TWD

KE KNH Enterprise Co Ltd 9919 · TW
Price13.85 TWD
Fair Value2.01 TWD
Upside-85.5%
Quality35/100
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Weak Growth
Loss-making · -23.4% net margin
Moderate debt · negative free cash flow
Trails peers (2/11)
Narrow moat 12/100
Evidence: Low Range 1.84 TWD – 2.28 TWD Share as image

Fair value as of: Aug 13, 2026

From 3 valuation models · updated 3 days ago

Fair value updated Aug 13, 2026, revised from 2.16 TWD to 2.01 TWD (−6.9%) since Jul 23, 2026. Share price −0.4% over the past month.

Below-average quality, and screening another 85% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (2.28 TWD). The favourable scenario is already priced in.
  • Weak quality (35/100) 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)

38.91 TWD 13.45 TWD Fair Value 2.01 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 13.45 TWD – 38.91 TWD · fair‑value band 1.84 TWD – 2.28 TWD · the 13.85 TWD price screens above the 2.01 TWD fair value. Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

KNH Enterprise Co Ltd (9919) currently trades at 13.85 TWD, while our model-based Fair Value estimate is 2.01 TWD, implying the stock looks roughly 85.5% overvalued today. The Quality Score stands at 35/100 (below-average 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: low).

Over the trailing twelve months, KNH Enterprise Co Ltd generated revenue of 2.7B TWD at a net margin of -23.4%. It earns a return on equity of -26.8%. Net debt stands at 1.9B TWD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 1.84 TWD (bear case) to 2.28 TWD (bull case); at 13.85 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 35% 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 -38% fair-value upside, at -85%, 9919 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 1.76 TWD 1.91 TWD 2.15 TWD 70
DDM Multi-Stage 1.76 TWD 2.17 TWD 2.74 TWD 61
NCAV (Graham) 5.38 TWD 7.21 TWD 10.77 TWD 50
All 3 models by family
Dividend Discount
Gordon GGM 1.76 TWD 1.91 TWD 2.15 TWD 70
DDM Multi-Stage 1.76 TWD 2.17 TWD 2.74 TWD 61
Asset-Based
NCAV (Graham) 5.38 TWD 7.21 TWD 10.77 TWD 50

Widest divergence: Asset-Based (7.21 TWD) versus Dividend Discount (1.91 TWD). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Revenue (TTM) 2.7B TWD
Net margin -23.4%
Return on equity -26.8%
Free cash flow −194M TWD FY2025
Operating margin -15.2%
EPS (TTM) -2.43 TWD
More key figures
EPS growth (YoY) -47.5%
Net debt 1.9B TWD FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 35/100

Of which business quality 33 · Market factors (momentum, volatility) 39

Profitability 5
Margins and returns on capital today
Quality Growth 16
Are margins and returns improving?
Cashflow 2
Earnings quality: real cash, not paper profit
Fin. Strength 35
Balance sheet, leverage, solvency risk
Investment 96
Disciplined investing over empire-building
Low Volatility 89
Calm price path (market factor)
Momentum 24
Price trend over the last 3–12 months (market factor)
52W Momentum 9
Distance to the 52-week high (market factor)
Net Issuance 83
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

KNH Enterprise Co., Ltd. engages in the manufacture and sale of household and hygiene goods, non-woven fabric products, and machinery equipment in Taiwan, China, Hong Kong, India, England, Japan, and internationally.

Full company description

KNH Enterprise Co., Ltd. engages in the manufacture and sale of household and hygiene goods, non-woven fabric products, and machinery equipment in Taiwan, China, Hong Kong, India, England, Japan, and internationally. Its personal care products include feminine care products; wet wipes, including canister wipes, boxed wipes, refilled packs, travel packs, sachet packs, and towelettes; skincare products, such as facial puffs, beauty masks, and makeup removers; baby diapers; and incontinent care products. The company's nonwoven products consist of air through, calender bond, air laid, spunlace, melt blown nonwoven products. In addition, it offers air filtration devices, and wastewater treatment and water purification solutions for industrial and municipal sectors. Further, the company engages in the land development business; mouth and other facilities; and manufacture and assembly of product equipment of various maternity and child hygiene products and non-woven fabric products. The company was founded in 1968 and is based in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

KNH Enterprise Co Ltd reported revenue of 2.7B TWD in FY2025 versus 4.0B TWD in FY2021, a compound −9.8%/yr. Reported net income was −474M TWD in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
2.7B TWD
Latest YoY
−9.2%
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.
−7.3%
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.
−12.1%
Avg. growth/yr (23Y) 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.
−0.2%
Revenue −9.8%/yr
FY21 4.0B TWD
FY22 3.4B TWD
FY23 2.9B TWD
FY24 2.9B TWD
FY25 2.7B TWD
Net income
FY21 98.6M TWD
FY22 −263M TWD
FY23 659M TWD
FY24 −368M TWD
FY25 −474M TWD

9919 screens 85% overvalued. Compare with The Procter & Gamble Company →

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Cite: Fair Value Calculator (2026). "KNH Enterprise Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/9919

Peer Group

Household & Personal Products · 252 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 35 · Bottom 25%
Fair Value upside −86% · Bottom 25%
Return on assets -6% · Bottom 25%
Net margin (TTM) -23% · Bottom 25%
Operating margin (TTM) -15% · Bottom 25%
Revenue growth 0% · Below median
Dividend yield (TTM) 1.4% · Bottom 25%
Debt / equity 1.19× · Higher than 75% of peers

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

P/S (TTM) 0.03× · Cheaper than 75% of peers
PEG 0.48× · 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 29
FUTURE 0 · sector 4
PAST 0 · sector 27
HEALTH 41 · sector 98
DIVIDEND 28 · sector 52

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 Aug 13, 2026).

Stock Price Fair Value vs Fair Value
The Procter & Gamble Company PG $144.26 $108.16 -25%
Unilever PLC ULN 1,080 MXN 973.58 MXN -10%
Hindustan Unilever Limited HINDUNILVR ₹2,063 ₹789.46 -62%
Essity AB ESSITYA kr 276.50 kr 250.02 -10%
Godrej Consumer Products Limited GODREJCP ₹936.90 ₹367.64 -61%
Marico Limited MARICO ₹855.00 ₹233.05 -73%
APR Co 278470 397,000 KRW 137,521 KRW -65%
Dabur India Limited DABUR ₹411.25 ₹175.59 -57%
PT Unilever Indonesia Tbk UNVR 1,760 IDR 1,928 IDR +10%
Amorepacific Corporation 090430 135,700 KRW 84,785 KRW -38%

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Frequently asked questions

Is KNH Enterprise Co Ltd (9919) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 2.01 TWD versus a price of 13.85 TWD, about −85% (overvalued).
What is the fair value of 9919?
Our model-based fair value for KNH Enterprise Co Ltd is 2.01 TWD (as of Aug 13, 2026), built from audited fundamentals. The current price is 13.85 TWD.
What is the quality score of 9919?
KNH Enterprise Co Ltd has a Quality Score of 35/100. 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 KNH Enterprise Co Ltd (9919)?
KNH Enterprise Co Ltd reported trailing-twelve-month revenue of about 2.7B TWD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 9919?
The net profit margin of KNH Enterprise Co Ltd is about -23.4%, 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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