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Shinih Enterprise Co Ltd (9944) fair value: what the stock is really worth

As of Nov 9, 2026: fair value (intrinsic value) of Shinih Enterprise Co Ltd stock TWD 6.51, price TWD 17.25, that is 62.3% below the price, quality 34 out of 100. Rating: strongly overvalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.

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Consumer Cyclical TW · ISIN TW0009944009

SE Shinih Enterprise Co Ltd logo Thin data Nov 9, 2026

Shinih Enterprise Co Ltd

9944 · TW
Very expensive, weak quality

Our calculation puts a fair price 62% below what the stock costs today.

Low debt
Generates free cash flow over the last twelve months
Profit last quarter +48% vs. a year ago.
Thin margins · 2.8% net margin (TTM)
1.7% dividend yield · Watch coverage
Fair value 6.51 TWD · Strongly overvalued
Quality 34/100
Weak Growth (revenue 5y −0.8 %/yr in TWD)
Trails peers (4/13)
Narrow moat 29/100
Thin data
⚠ Dilution
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

23.80 TWD 14.70 TWD Fair Value 6.51 TWD Jun 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.

How to read this chart

60‑month range 14.70 TWD – 23.80 TWD · fair‑value band 4.90 TWD – 8.13 TWD · the 17.25 TWD price screens above the 6.51 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 9, 2026.

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Company profile

Shinih Enterprise Co., Ltd., together with its subsidiaries, manufactures and sells non-woven products in Taiwan, China, the United States, and Southeast Asia.

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The company offers functional insulation products, including standard battings, loose fill/down and ball type, stretch battings, and specialty functional for apparel, sleeping bags and equipment, gloves and accessories, footwear, beddings, and furniture applications under the THERMOLITE, CLOMAX, and SHINIH STANDARD brands.

It also provides needle punch, melt blown, VFT, spunbond, air-through, spunlace, and other fabrics for automobile interior materials, filtration, vibration absorption, flame-retardant material, and geotextile applications.

In addition, the company is involved in investing and trading activities; manufacturing and sales of textile machinery; and construction, sale, and leasing of residential and commercial buildings. Shinih Enterprise Co., Ltd. was founded in 1962 and is headquartered in Taoyuan City, Taiwan.

Stock analysis

Shinih Enterprise Co Ltd (9944) currently trades at 17.25 TWD, while our model-based Fair Value estimate is 6.51 TWD, 62% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Economic Profit group reads highest at a median of 13.97 TWD per share, and 1 of the 6 models we run sit above the 17.25 TWD price.

Bear case: the Asset-Based group reads lowest at 4.15 TWD, and 5 of the 6 models stay below the price. Data coverage for this calculation is low.

Scenario range: 4.90 TWD (bear) to 8.13 TWD (bull), the price of 17.25 TWD sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 34/100 (below-average quality), in the Consumer Cyclical sector.

Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.

Shinih Enterprise Co Ltd reported revenue of 2.3B TWD in FY2025 versus 2.6B TWD in FY2021, a compound −3.6%/yr. Reported net income was −17.4M TWD in FY2025.

Key figures

Market cap 2.2B TWD (≈ $65.8M) Micro · P/E ratio 27.8 · P/S ratio 0.91 · EPS (TTM) 0.6200 TWD · Dividend yield 1.7% · Net margin 2.8% · Return on equity 2.6% · Return on assets (EBIT) 4.7% (5-year average).

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 29 out of 100 (medium confidence).

What moves the price

The share trades about 7% below its 52-week high and 6% above its 52-week low, currently above its 200-day average.

For context, the median of 10 Consumer Cyclical peers we cover trades at −8% fair-value upside, at −62%, 9944 screens richer than that median.

Fair Value models

Bear 4.90 TWD Fair Value 6.51 TWD Bull 8.13 TWD
Price 17.25 TWD · Downside -62.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (0.2744 TWD per share) are deliberately not added. 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
EPV 13.77 TWD 13.97 TWD 14.14 TWD 74
ROIC Compounder 13.77 TWD 13.97 TWD 14.14 TWD 72
EV/EBITDA 21.66 TWD 28.86 TWD 36.06 TWD 67
All 6 models by family
Earnings-Based
EPV 13.77 TWD 13.97 TWD 14.14 TWD 74
Multiples
EV/EBIT 5.76 TWD 7.66 TWD 9.56 TWD 66
EV/EBITDA 21.66 TWD 28.86 TWD 36.06 TWD 67
EV/Revenue 3.90 TWD 5.55 TWD 7.20 TWD 53
Asset-Based
NCAV (Graham) 2.74 TWD 4.15 TWD 5.19 TWD 54
Economic Profit
ROIC Compounder 13.77 TWD 13.97 TWD 14.14 TWD 72

The fair value above starts from this blend and is adjusted for dilution from new shares.

Open the full fair value analysis →

Quality Score breakdown

Overall quality 34/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 16
How much profit the company makes from its sales and capital
Quality Growth 30
Are margins and returns getting better?
Cashflow 16
Do the profits arrive as real cash?
Financial strength 59
Debt, balance sheet and risk of trouble
Investment 86
Does it invest with discipline instead of growing at any price?
Low Volatility 100
How calm the share price moves, does not count
Price momentum 42
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 41
Distance to the 52-week high, does not count
New shares 12
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 17/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−2.4%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−5.0%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−0.8%
Start year 2020 (pandemic). Over 10 years: −5.2% a year
Revenue growth 23 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+1.5%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
7.5% (2020) → 2.0% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

9944 screens overvalued: fair value 62% below the price. Compare with Tongkun Group →

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Peer Groupⓘ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.Textile Manufacturing · 336 stocks

Beats the industry median on 4/13 measures
Overall it trails its industry peers.
Valuation
Quality Score 34 · Bottom 25%
Fair Value upside −62.3% · Bottom 25%
Profitability
Return on equity (12 months) 2.6% · Below median
Return on assets −0.3% · Bottom 25%
Net margin (12 months) 2.8% · Below median
Operating margin (12 months) 8.8% · Above median
Growth and dividend
Revenue growth (quarter YoY) 7.4% · Below median
Dividend yield (12 months) 1.7% · Below median
Balance sheet
Debt / equity 0.14× · Above median

Valuation Multiplesvs Textile Manufacturing median · lower = cheaper

P/E (12 months) 27.8× · Pricier than median
P/B 0.64× · Cheaper than median
P/S (12 months) 0.91× · Cheaper than median
EV/EBITDA 3.4× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 11
FUTURE (revenue growth)37 · sector 37
PAST (return on equity)10 · sector 18
HEALTH (low debt)93 · sector 95
DIVIDEND (yield)35 · sector 38

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

Context: sector, industry, market

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

Similar stocks

10 more Textile Manufacturing stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Shenzhou International Group 2313 HK$41.80 HK$72.40 +73% vs 9944
K.P.R. Mill Limited KPRMILL ₹1,155 ₹1,604 +39% vs 9944
Inner Mongolia ERDOS Resources Co 600295 ¥14.70 ¥16.12 +10% vs 9944
Far Eastern New Century Corporation 1402 27.25 TWD 27.89 TWD +2% vs 9944
Ruentex Industries Ltd 2915 53.10 TWD 48.61 TWD −8% vs 9944
Tongkun Group 601233 ¥22.65 ¥14.51 −36% vs 9944
Zhejiang Orient Holdings 600120 ¥4.40 ¥2.40 −45% vs 9944
Albany International Corp AIN $67.28 $24.93 −63% vs 9944
HMT (Xiamen) New Technical Materials Co 603306 ¥45.56 ¥14.96 −67% vs 9944
Welspun Living Limited WELSPUNLIV ₹252.21 ₹47.77 −81% vs 9944

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Shinih Enterprise Co Ltd: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Shinih Enterprise Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/9944

Frequently asked questions

Is Shinih Enterprise Co Ltd (9944) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 6.51 TWD versus a price of 17.25 TWD, about 62% lower (overvalued).
What is the fair value of 9944?
Our model-based fair value for Shinih Enterprise Co Ltd is 6.51 TWD (as of Nov 9, 2026), built from audited fundamentals. The current price: 17.25 TWD.
What is the quality score of 9944?
Shinih Enterprise Co Ltd has a Quality Score of 34/100. 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 price target for Shinih Enterprise Co Ltd (9944)?
Our model-based price target is the fair value of 6.51 TWD (as of Nov 9, 2026) from 6 valuation models. Cautious scenario 4.90 TWD, optimistic scenario 8.13 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Shinih Enterprise Co Ltd stock forecast for 2026?
Our models put fair value at 6.51 TWD, about 62% lower versus a price of 17.25 TWD (overvalued). Cautious scenario 4.90 TWD, optimistic scenario 8.13 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Shinih Enterprise Co Ltd (9944)?
Shinih Enterprise Co Ltd reported trailing-twelve-month revenue of about 2.4B TWD (latest available figure, as of Nov 9, 2026).
Does Shinih Enterprise Co Ltd pay a dividend?
Shinih Enterprise Co Ltd currently shows a dividend yield of 1.74% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Shinih Enterprise Co Ltd (9944) and when is the ex-dividend date?
Shinih Enterprise Co Ltd pays a dividend of 0.3 TWD per share a year, a dividend yield of 1.7%. The last ex-dividend date was Jun 25, 2026. The payout ratio is 48.4% of earnings. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What is the intrinsic value of Shinih Enterprise Co Ltd (9944)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shinih Enterprise Co Ltd it is 6.51 TWD per share (as of Nov 9, 2026), against a price of 17.25 TWD. It is the blended result of 6 valuation models in 4 families (Earnings-Based, Multiples, Asset-Based, Economic Profit).
Is Shinih Enterprise Co Ltd stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 9944 trades above its calculated fair value: price 17.25 TWD, fair value 6.51 TWD, a gap of about −62% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 9944?
No. The price is what the market pays today (17.25 TWD); the fair value is what the company's own numbers justify (6.51 TWD). For Shinih Enterprise Co Ltd the two are 10.74 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Shinih Enterprise Co Ltd worth?
The market values Shinih Enterprise Co Ltd at about 2.2B TWD (market capitalisation, as of Nov 9, 2026). Per share that is 17.25 TWD; our models calculate a fair value of 6.51 TWD per share.
What do the bullish and bearish scenarios say about 9944?
Our models span a range for Shinih Enterprise Co Ltd: cautious scenario 4.90 TWD, base 6.51 TWD, optimistic 8.13 TWD per share (as of Nov 9, 2026, price 17.25 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 9944?
Shinih Enterprise Co Ltd trades at a price-to-earnings ratio of 27.8 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 6.51 TWD is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2016 to 2024), reported earnings: 32.7. Other multiples: P/B 0.6, P/S 0.9, EV/EBITDA 3.4.
How solid is the balance sheet of Shinih Enterprise Co Ltd (9944)?
Balance-sheet figures for Shinih Enterprise Co Ltd (as of Nov 9, 2026): return on equity 2.6%, debt of 0.14 per unit of equity. They feed the Quality Score of 34/100, which measures business quality independently of the share price.
How far is 9944 from its 52-week high?
Shinih Enterprise Co Ltd trades at 17.25 TWD, about 7% below its 52-week high of 18.45 TWD and 6% above the low of 16.20 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 6.51 TWD is for.
Which stocks are comparable to Shinih Enterprise Co Ltd?
From the same area (Consumer Cyclical) we also value Tongkun Group, Shenzhou International Group, Inner Mongolia ERDOS Resources Co, Far Eastern New Century Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Shinih Enterprise Co Ltd stock attractive at the current price?
The data as of Nov 9, 2026: price 17.25 TWD, calculated fair value 6.51 TWD (−62%), Quality Score 34/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 9944 calculated?
We run Shinih Enterprise Co Ltd through 6 models from 4 families: Earnings-Based, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 6.51 TWD builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Shinih Enterprise Co Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Shinih Enterprise Co Ltd (9944)?
The closing price on Nov 9, 2026 was 17.25 TWD. Our model-based fair value is 6.51 TWD, about 62% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shinih Enterprise Co Ltd right now?
The price sits above even our optimistic bull case (8.13 TWD). The favourable scenario is already priced in. Weak quality (34/100) 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.

Key figures of Shinih Enterprise Co Ltd

How large is the market capitalisation of Shinih Enterprise Co Ltd (9944)?
The market capitalisation of Shinih Enterprise Co Ltd is 2.2B TWD (≈ $65.8M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Shinih Enterprise Co Ltd (9944)?
The price-to-sales ratio of Shinih Enterprise Co Ltd is 0.91 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Shinih Enterprise Co Ltd (9944)?
Earnings per share at Shinih Enterprise Co Ltd are 0.6200 TWD (price ÷ EPS = P/E 27.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Shinih Enterprise Co Ltd (9944)?
The dividend yield of Shinih Enterprise Co Ltd is 1.7% (payout 48.4%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Shinih Enterprise Co Ltd (9944)?
The net margin of Shinih Enterprise Co Ltd is 2.8% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Shinih Enterprise Co Ltd (9944)?
The return on equity (ROE) of Shinih Enterprise Co Ltd is 2.6% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Shinih Enterprise Co Ltd (9944)?
On an EBIT basis the return on assets of Shinih Enterprise Co Ltd is 4.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Shinih Enterprise Co Ltd (9944)?
The operating margin of Shinih Enterprise Co Ltd is 8.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shinih Enterprise Co Ltd (9944)?
Revenue at Shinih Enterprise Co Ltd is growing +7.4% versus a year earlier (3y avg −5.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Shinih Enterprise Co Ltd (9944)?
Earnings per share at Shinih Enterprise Co Ltd are growing +47.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Shinih Enterprise Co Ltd (9944) generate?
The free cash flow of Shinih Enterprise Co Ltd is −40.0M TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Shinih Enterprise Co Ltd (9944) hold?
Shinih Enterprise Co Ltd holds more cash than debt, 5.5M TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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