Far Eastern New Century Corp (1402) Fair Value & Analysis
Consumer Cyclical · TW · Market cap 147B TWD (≈ $4.6B) · ISIN TW0001402006
What is Far Eastern New Century Corp really worth?
Below-average quality, and trading another 34% above our fair value of 21.79 TWD.
Strengths
Risks
For context
Fair value as of: Aug 27, 2026
From 25 valuation models · updated 9 days ago
Share price +9.2% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (26.43 TWD). The favourable scenario is already priced in.
- Weak quality (37/100) and above fair value at the same time, the margin of safety is missing on both counts.
- Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.
How to read this chart
60‑month range 23.45 TWD – 39.00 TWD · fair‑value band 19.58 TWD – 26.43 TWD · the 29.15 TWD price screens above the 21.79 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 27, 2026.
Analysis
Far Eastern New Century Corp (1402) currently trades at 29.15 TWD, while our model-based Fair Value estimate is 21.79 TWD, implying the stock looks roughly 33.7% overvalued today. The Quality Score stands at 37/100 (below-average quality), in the Consumer Cyclical sector. Bull case: the Dividend Discount group reads highest at a median of 46.51 TWD per share, and 15 of the 25 models we run sit above the 29.15 TWD price. Bear case: the Earnings-Based group reads lowest at 6.95 TWD, and 10 of the 25 models stay below the price. Evidence for this calculation is low.
Over the trailing twelve months, Far Eastern New Century Corp generated revenue of 252B TWD at a net margin of 3.4%. Revenue declined 3.8% year over year. It earns a return on equity of 5.5%. Net debt stands at 225B TWD. Fundamentals as of Aug 27, 2026
Our scenario range runs from 19.58 TWD (bear case) to 26.43 TWD (bull case); at 29.15 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 15% below its 52-week high and 25% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at −36% fair-value upside, at −25%, 1402 screens cheaper than that median.
Fair Value models
This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly 0.2038 TWD per share, which is 0.9 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.
All 25 models by family
Widest divergence: Dividend Discount (46.51 TWD) versus Economic Profit (1.58 TWD). Highest evidence: FCF DCF (78).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 38 · Market factors (momentum, volatility) 60
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Far Eastern New Century Corporation manufactures and sells polyester materials, and semi-finished and finished textiles in Taiwan, China, and internationally. It operates through Production, Telecommunication Services, Property Development, and Investment and Others segments.
Full company description
Far Eastern New Century Corporation manufactures and sells polyester materials, and semi-finished and finished textiles in Taiwan, China, and internationally. It operates through Production, Telecommunication Services, Property Development, and Investment and Others segments. The company offers cotton, synthetic or blended fabrics, towels and bed sheets, and woven and knitted garments; polyethylene terephthalate bottles and sheets; and natural, synthetic, and blended yarns, as well as polyester textured yarns. It is also involved in yarn, silk, and cloth printing and dyeing; and development, leasing, construction, sale, and management of real estate. In addition, the company engages in petrochemical materials production; electronic toll collection; investment; nylon production; production and wholesale of medical supplies; waste recycling and re-processing; consulting; foreign trade; chemical fiber and textile production; garment production; production of polyethylene terephthalate chips; recycled pet production and sales; construction; personnel recruitment; human services and equipment procurement and product sales agency services; production of polyester resins and industrial fabrics; internet software development services; and sale of communications products and office equipment. Further, it operates hotels; sells electronic materials and by-product; offers market research and general advertisement; intelligent control equipment and security monitoring products; sells resin, recycled resin, and chemical fibers products; telecommunications services; electronic information providing services; call center services; property and life insurance; motion picture and television production distribution; system integration service; energy technology; security and monitoring service; design and research of computer system; and telecommunications services. Far Eastern New Century Corporation was incorporated in 1954 and is headquartered in Taipei, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Far Eastern New Century Corp reported revenue of 254B TWD in FY2025 versus 239B TWD in FY2021, a compound +1.6%/yr. Reported net income was 7.8B TWD in FY2025, compounding −14.8%/yr from FY2021.
of which total revenue +1.8 % · buybacks/dilution −3.6 %
Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).
1402 screens 34% overvalued. Compare with Shenzhou International Group →
Peer Group
Textile Manufacturing · 332 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.
Valuation Multiples vs Textile Manufacturing median · lower = cheaper
Strength profile in five axes (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: 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.
Similar stocks
10 more Textile Manufacturing stocks, each showing price versus our Fair Value estimate (as of Aug 27, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Shenzhou International Group 2313 | HK$37.94 | HK$68.35 | +80% |
| Tongkun Group 601233 | ¥22.67 | ¥14.53 | −36% |
| Inner Mongolia ERDOS Resources Co 600295 | ¥12.95 | ¥14.35 | +11% |
| K.P.R. Mill Limited KPRMILL | ₹1,124 | ₹467.49 | −58% |
| HMT (Xiamen) New Technical Materials Co 603306 | ¥71.55 | ¥11.85 | −83% |
| Zhejiang Orient Holdings 600120 | ¥4.89 | ¥2.21 | −55% |
| Vardhman Textiles Limited VTL | ₹592.75 | ₹437.53 | −26% |
| Albany International Corp AIN | $59.92 | $18.40 | −69% |
| Isiklar Enerji ve Yapi Holding IEYHO | 174.20 TRY | 324.31 TRY | +86% |
| Welspun Living Limited WELSPUNLIV | ₹190.40 | ₹47.44 | −75% |
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