Eminent Luggage Corporation (9950) fair value: what the stock is really worth
As of Oct 8, 2026: fair value of Eminent Luggage Corporation TWD 1.94, price TWD 10.25, upside -81.1%, quality 32 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Eminent Luggage Corporation engages in designing, manufacturing, and retailing luggage and suitcase, and related parts and components in Taiwan, the United States, Singapore, China, Germany, and others.
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Eminent Luggage Corporation engages in designing, manufacturing, and retailing luggage and suitcase, and related parts and components in Taiwan, the United States, Singapore, China, Germany, and others. It offers hand luggage, business trolleys, check-in suitcases, and laptop backpacks; and travel accessories, including luggage covers and tags, packing cube set, portable wardrobe, hangable toiletry bag, washbag, cup holder, RFID-blocking wallet, luggage belt, and RFID waist bag. The company offers its products under the Eminent, Probeetle, Case Star, and Mine brands. It also sells its products online. Eminent Luggage Corporation was founded in 1979 and is headquartered in Tainan City, Taiwan.
Stock analysis
Eminent Luggage Corporation (9950) currently trades at 10.25 TWD, while our model-based Fair Value estimate is 1.94 TWD, 81.1% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 5.86 TWD per share, and 0 of the 4 models we run sit above the 10.25 TWD price.
Bear case: the Multiples group reads lowest at 4.07 TWD, and 4 of the 4 models stay below the price. Evidence for this calculation is low.
Quality & growth
The Quality Score stands at 32/100 (below-average quality), in the Consumer Cyclical sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Eminent Luggage Corporation reported revenue of 2.1B TWD in FY2025 versus 1.0B TWD in FY2021, a compound +20.0%/yr. Reported net income was −44.9M TWD in FY2025.
Key figures
Market cap 1.7B TWD (≈ $53.9M) · P/S ratio 0.86 · EPS (TTM) −0.2700 TWD · Net margin −2.1% · Return on equity −3.3% · Return on assets (EBIT) 2.2% · Operating margin −8.9% · Revenue (TTM) 2.0B TWD.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).
What moves the price
The share trades about 23% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 49% fair-value upside, at −81%, 9950 screens richer than that median.
Fair Value models
Bear 1.94 TWDFair Value 1.94 TWDBull 1.94 TWD
Price 10.25 TWD · Upside -81.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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. 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.Evidence ⓘEvidence = 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.
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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−17.7%
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.
−2.3%
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.
+14.4%
Start year 2020 (pandemic)
Revenue growth 6 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.
−6.9%
’19
’20
’21
’22
’23
’24
’25
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.
−25.8% (2020) → −0.7% (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
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+35.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +33.4% a year for the price.
Compare Eminent Luggage Corporation with another stock
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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.Footwear & Accessories · 94 stocks
Beats the industry median on 2/10 measures
Overall it trails its industry peers.
Valuation
Quality Score32 · Bottom 25%
Fair Value upside−81.1% · Bottom 25%
Profitability
Return on assets−0.8% · Bottom 25%
Net margin (TTM)−2.3% · Bottom 25%
Operating margin (TTM)−8.9% · Bottom 25%
Growth and dividend
Revenue growth−22.6% · Bottom 25%
Balance sheet
Debt / equity1.15× · Highest 25%
Valuation Multiplesvs Footwear & Accessories median · lower = cheaper
P/S (TTM)0.03× · Cheapest 25%
P/FCF0.8× · Cheapest 25%
EV/EBITDA23.1× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 33
FUTURE (revenue growth)0· sector 7
PAST (return on equity)0· sector 22
HEALTH (low debt)43· sector 97
DIVIDEND (yield)0· sector 56
VALUE 0: the price sits above our fair-value range.
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.
Is Eminent Luggage Corporation (9950) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of 1.94 TWD versus a price of 10.25 TWD, about −81% upside (overvalued).
What is the fair value of 9950?
Our model-based fair value for Eminent Luggage Corporation is 1.94 TWD (as of Oct 3, 2026), built from audited fundamentals. The current price: 10.25 TWD.
What is the quality score of 9950?
Eminent Luggage Corporation has a Quality Score of 32/100. 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 Eminent Luggage Corporation (9950)?
Our model-based price target is the fair value of 1.94 TWD (as of Oct 3, 2026) from 9 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the Eminent Luggage Corporation stock forecast for 2026?
Our models put fair value at 1.94 TWD, about −81% upside versus a price of 10.25 TWD (overvalued). The calculation is refreshed regularly with new filings.
What is the revenue of Eminent Luggage Corporation (9950)?
Eminent Luggage Corporation reported trailing-twelve-month revenue of about 2.0B TWD (latest available figure, as of Oct 3, 2026).
What growth is priced into Eminent Luggage Corporation (9950)?
For today's price to be fair in a discounted-cash-flow model, Eminent Luggage Corporation would have to grow free cash flow by +35.5 % per year for five years (discount rate 13.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +14.4 % per year. As of Oct 3, 2026.
What discount rate (WACC) does the fair value of 9950 use?
Our models discount Eminent Luggage Corporation at 13.3 %: a base by market capitalisation (micro), country premium for Taiwan. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Eminent Luggage Corporation that is +35.5 % per year a year over ten years, using the same discount rate (13.3 %) and the same formula as our fair value.
How much growth has Eminent Luggage Corporation (9950) delivered so far?
Over the past 5 years revenue at Eminent Luggage Corporation grew +14.4 % a year. The price currently implies +35.5 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Eminent Luggage Corporation (9950) growing?
The median revenue growth in the sector is +4.3 % a year. That is the yardstick for the growth priced into Eminent Luggage Corporation (+35.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Eminent Luggage Corporation (9950)?
The free-cash-flow yield on the price is 3.99 %: that much free cash flow Eminent Luggage Corporation produces per unit of market value. When it exceeds the discount rate of our models (13.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Eminent Luggage Corporation (9950)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Eminent Luggage Corporation it is 1.94 TWD per share (as of Oct 3, 2026), against a price of 10.25 TWD. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is Eminent Luggage Corporation stock overvalued or undervalued in 2026?
As of Oct 3, 2026, 9950 trades above its calculated fair value: price 10.25 TWD, fair value 1.94 TWD, a gap of about −81% (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 9950?
No. The price is what the market pays today (10.25 TWD); the fair value is what the company's own numbers justify (1.94 TWD). For Eminent Luggage Corporation the two are 8.31 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Eminent Luggage Corporation worth?
The market values Eminent Luggage Corporation at about 1.7B TWD (market capitalisation, as of Oct 3, 2026). Per share that is 10.25 TWD; our models calculate a fair value of 1.94 TWD per share.
How solid is the balance sheet of Eminent Luggage Corporation (9950)?
Balance-sheet figures for Eminent Luggage Corporation (as of Oct 3, 2026): return on equity −3.3%, debt of 1.15 per unit of equity. They feed the Quality Score of 32/100, which measures business quality independently of the share price.
How far is 9950 from its 52-week high?
Eminent Luggage Corporation trades at 10.25 TWD, about 23% below its 52-week high of 13.30 TWD and 4% above the low of 9.83 TWD (as of Oct 8, 2026). Distance from the high says nothing about value: that is what the fair value of 1.94 TWD is for.
Which stocks are comparable to Eminent Luggage Corporation?
From the same area (Consumer Cyclical) we also value NIKE, Inc, adidas AG, Deckers Outdoor Corporation, On Holding, 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 Eminent Luggage Corporation stock attractive at the current price?
The data as of Oct 3, 2026: price 10.25 TWD, calculated fair value 1.94 TWD (−81%), Quality Score 32/100, from 9 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 9950 calculated?
We run Eminent Luggage Corporation through 9 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 1.94 TWD, 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 14.6 % above its aggregate fair value. Eminent Luggage Corporation 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 Eminent Luggage Corporation (9950)?
The closing price on Oct 8, 2026 was 10.25 TWD. Our model-based fair value is 1.94 TWD, about −81% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Eminent Luggage Corporation right now?
The price sits above even our optimistic bull case (1.94 TWD). The favourable scenario is already priced in. Weak quality (32/100) 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 Eminent Luggage Corporation
How large is the market capitalisation of Eminent Luggage Corporation (9950)?
The market capitalisation of Eminent Luggage Corporation is 1.7B TWD (≈ $53.9M). 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 Eminent Luggage Corporation (9950)?
The price-to-sales ratio of Eminent Luggage Corporation is 0.86 (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 Eminent Luggage Corporation (9950)?
Earnings per share at Eminent Luggage Corporation are −0.2700 TWD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Eminent Luggage Corporation (9950)?
The net margin of Eminent Luggage Corporation is −2.1% (fiscal year 2025). 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 Eminent Luggage Corporation (9950)?
The return on equity (ROE) of Eminent Luggage Corporation is −3.3% (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 Eminent Luggage Corporation (9950)?
On an EBIT basis the return on assets of Eminent Luggage Corporation is 2.2% (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 Eminent Luggage Corporation (9950)?
The operating margin of Eminent Luggage Corporation is −8.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Eminent Luggage Corporation (9950)?
Revenue at Eminent Luggage Corporation is growing −22.6% versus a year earlier (3y avg −2.3%). 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 Eminent Luggage Corporation (9950)?
Earnings per share at Eminent Luggage Corporation are growing +21.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Eminent Luggage Corporation (9950) carry?
The net debt of Eminent Luggage Corporation is 1.5B TWD (fiscal year 2025, ≈ 22.5 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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