EN DE

Ching Feng Home Fashions Co (9935) Fair Value & Analysis

Consumer Cyclical · TW · Market cap 3.4B TWD

CF Ching Feng Home Fashions Co 9935 · TW
Price20.90 TWD
Fair Value26.21 TWD
Upside+25.4%
Quality52/100
Watch Ching Feng Home Fashions Co for free, get notified when fair value or trend changes. Watch for free
Weak Growth
Thin margins · 5.8% net margin
Moderate debt · generates free cash flow
6.17% dividend yield
Ranks above peers (10/14)
Moderate moat 45/100
Evidence: High Range 17.83 TWD – 36.08 TWD Share as image

Fair value as of: Jul 23, 2026

From 24 valuation models · updated 18 days ago

Share price +14.2% over the past month.

A solid business, screening 25% undervalued on our models.

What matters now

  • Solid quality (52/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (17.83 TWD to 36.08 TWD) leaves room in how you read the outcome.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

35.45 TWD 15.57 TWD Fair Value 26.21 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 15.57 TWD – 35.45 TWD · fair‑value band 17.83 TWD – 36.08 TWD · the 20.90 TWD price screens below the 26.21 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Ching Feng Home Fashions Co (9935) currently trades at 20.90 TWD, while our model-based Fair Value estimate is 26.21 TWD, implying the stock looks roughly 25.4% undervalued today. The Quality Score stands at 52/100 (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, Ching Feng Home Fashions Co generated revenue of 5.0B TWD at a net margin of 5.8%. Revenue grew 1.6% year over year. It earns a return on equity of 11.1%. Net debt stands at 3.2B TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 17.83 TWD (bear case) to 36.08 TWD (bull case); at 20.90 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 14% below its 52-week high and 17% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 16% fair-value upside, at 25%, 9935 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
Growth DCF 8.28 TWD 14.61 TWD 23.35 TWD 80
Residual Income 13.45 TWD 15.01 TWD 21.41 TWD 76
Rev-Margin DCF 10.04 TWD 20.75 TWD 32.39 TWD 74
All 24 models by family
DCF Models
FCF DCF 7.71 TWD 14.40 TWD 24.10 TWD 38
Owner Earnings 10.10 TWD 17.67 TWD 28.63 TWD 31
5Y Revenue Exit 10.04 TWD 20.50 TWD 33.84 TWD 39
5Y EBITDA Exit 18.01 TWD 34.35 TWD 53.21 TWD 41
5Y P/E Exit 11.05 TWD 22.26 TWD 33.77 TWD 38
10Y Revenue Exit 8.33 TWD 17.27 TWD 27.93 TWD 36
10Y EBITDA Exit 13.79 TWD 26.30 TWD 41.22 TWD 37
10Y P/E Exit 9.57 TWD 18.42 TWD 27.88 TWD 35
Earnings-Based
Graham-Dodd 11.20 TWD 22.33 TWD 28.04 TWD 54
EPV 13.14 TWD 16.87 TWD 20.09 TWD 59
Dividend Discount
Gordon GGM 15.99 TWD 22.47 TWD 28.91 TWD 70
DDM Multi-Stage 15.99 TWD 22.12 TWD 28.97 TWD 61
Multiples
P/E Multiple 27.19 TWD 36.25 TWD 45.31 TWD 63
P/S Multiple 21.01 TWD 28.01 TWD 35.01 TWD 58
P/B Multiple 21.01 TWD 28.01 TWD 35.01 TWD 55
EV/EBIT 30.71 TWD 44.44 TWD 58.17 TWD 53
EV/EBITDA 29.71 TWD 43.10 TWD 56.50 TWD 54
EV/Revenue 13.13 TWD 23.24 TWD 33.36 TWD 43
Asset-Based
NCAV (Graham) 7.51 TWD 10.07 TWD 15.03 TWD 50
Growth DCF
Growth DCF 8.28 TWD 14.61 TWD 23.35 TWD 80
Rev-Margin DCF 10.04 TWD 20.75 TWD 32.39 TWD 74
Economic Profit
Residual Income 13.45 TWD 15.01 TWD 21.41 TWD 76
ROIC Compounder 13.14 TWD 17.30 TWD 21.98 TWD 72
Growth Earnings
Growth-Adj P/E 19.64 TWD 28.06 TWD 36.48 TWD 68

Widest divergence: Growth Earnings (28.06 TWD) versus Asset-Based (10.07 TWD). Highest evidence: Growth DCF (80).

Notify me when 9935 reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) 5.0B TWD
Revenue growth (YoY) +1.6%
Net margin 5.8%
Return on equity 11.1%
Free cash flow 325M TWD FY2025
P/E ratio 12.1
More key figures
Operating margin 10.7%
EPS (TTM) 1.59 TWD
Dividend yield 6.2%
EPS growth (YoY) -0.1%
Net debt 3.2B TWD FY2025

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

Quality Score breakdown

Overall quality 52/100

Of which business quality 49 · Market factors (momentum, volatility) 60

Profitability 37
Margins and returns on capital today
Quality Growth 30
Are margins and returns improving?
Cashflow 53
Earnings quality: real cash, not paper profit
Fin. Strength 31
Balance sheet, leverage, solvency risk
Investment 84
Disciplined investing over empire-building
Low Volatility 90
Calm price path (market factor)
Momentum 43
Price trend over the last 3–12 months (market factor)
52W Momentum 56
Distance to the 52-week high (market factor)
Net Issuance 77
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

Ching Feng Home Fashions Co.,Ltd engages in the manufacture and sale of home decor products in Taiwan. The company provides folding curved windows, folding curtains, black curtains, and heavy-duty parts.

Full company description

Ching Feng Home Fashions Co.,Ltd engages in the manufacture and sale of home decor products in Taiwan. The company provides folding curved windows, folding curtains, black curtains, and heavy-duty parts. It also offers aluminum venetian, faux wood venetian, vinyl venetian, and vertical blinds; roman, pleated, and cellular shades; and coral fleece throws and blankets, flannel throws and blankets, faux fur throws, décor throws, and comforters. The company also offers decor pillows; and bath products, such as shower curtains. In addition, it provides beddings, table linens, bath accessories, pillows, cushions, and kitchen appliances. The company was founded in 1974 and is based in Changhua, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ching Feng Home Fashions Co reported revenue of 4.9B TWD in FY2025 versus 5.0B TWD in FY2021, a compound −0.1%/yr. Reported net income was 290M TWD in FY2025, compounding +38.9%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
4.9B TWD
Latest YoY
−8.5%
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.
−2.2%
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.
−3.9%
Avg. growth/yr (22Y) 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.
−0.1%
Revenue −0.1%/yr
FY21 5.0B TWD
FY22 5.3B TWD
FY23 4.5B TWD
FY24 5.4B TWD
FY25 4.9B TWD
Net income +38.9%/yr
FY21 77.9M TWD
FY22 221M TWD
FY23 104M TWD
FY24 415M TWD
FY25 290M TWD
Character of growth · EPS growth decomposed (2015-2025) +15.4 % p.a.
Revenue per share +2.4 pp

of which total revenue +4.6 pp · buybacks/dilution −2.2 pp

EBIT margin +13.6 pp
Tax rate −1.0 pp
Residual (interest, one-offs) +0.3 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).

Watch 9935: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Ching Feng Home Fashions Co Fair Value". https://www.fairvalue-calculator.com/stock/9935

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.

Quality Score 52 · Below median
Fair Value upside +25% · Above median
Return on equity (TTM) 11% · Top 25%
Return on assets 4% · Above median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 11% · Top 25%
Revenue growth 2% · Above median
Dividend yield (TTM) 6.2% · Top 25%
Debt / equity 0.94× · Higher than 75% of peers

Valuation Multiples vs Furnishings, Fixtures & Appliances median · lower = cheaper

P/E (TTM) 12.2× · Cheaper than median
P/B 1.29× · Pricier than median
P/S (TTM) 0.69× · Pricier than median
P/FCF 0.3× · Cheaper than 75% of peers
EV/EBITDA 7.2× · 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 67 · sector 22
FUTURE 8 · sector 0
PAST 44 · sector 19
HEALTH 53 · sector 97
DIVIDEND 100 · sector 55

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 Furnishings, Fixtures & Appliances stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
Midea Group 000333 ¥82.71 ¥107.22 +30%
Gree Electric Appliances, Inc 000651 ¥38.25 ¥88.02 +130%
Haier Smart Home Co 600690 ¥21.46 ¥36.04 +68%
King Slide Works Co 2059 8,655 TWD 1,917 TWD -78%
Guangdong Songfa Ceramics Co 603268 ¥155.59 ¥38.95 -75%
SharkNinja, Inc SN $154.53 $89.07 -42%
Hisense Home Appliances Group 000921 ¥26.33 ¥48.03 +82%
Zhejiang Supor Co 002032 ¥43.85 ¥44.84 +2%
COWAY Co 021240 96,700 KRW 112,530 KRW +16%
Ecovacs Robotics Co 603486 ¥50.13 ¥54.11 +8%

Compare Ching Feng Home Fashions Co with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Consumer Cyclical stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Ching Feng Home Fashions Co (9935) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 26.21 TWD versus a price of 20.90 TWD, about +25% (undervalued).
What is the fair value of 9935?
Our model-based fair value for Ching Feng Home Fashions Co is 26.21 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 20.90 TWD.
What is the quality score of 9935?
Ching Feng Home Fashions Co has a Quality Score of 52/100. 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 Ching Feng Home Fashions Co (9935)?
Ching Feng Home Fashions Co reported trailing-twelve-month revenue of about 5.0B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 9935?
The net profit margin of Ching Feng Home Fashions Co is about 5.8%, meaning it keeps roughly 5.8% of revenue as net income. Based on the latest reported figures.
Does Ching Feng Home Fashions Co pay a dividend?
Ching Feng Home Fashions Co currently shows a dividend yield of about 6.17% 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.

14 days Pro free · no card

Track Ching Feng Home Fashions Co and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.