CKM Building Material (8930) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of CKM Building Material stock TWD 34.78, price TWD 26.85, upside +29.5%, quality 73 out of 100. Rating: undervalued. Calculated from audited financials with 25 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.
How to read this chart
60‑month range 10.41 TWD – 36.95 TWD · fair‑value band 25.47 TWD – 45.80 TWD · the 26.85 TWD price screens below the 34.78 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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CKM Applied Materials Corp. engages in the manufacture and trading of building materials in Taiwan and internationally.
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The company offers ceiling suspension systems, such as T grids and partition frame systems; metal ceilings, including non-perforated, perforated, embossed, mesh, baffle, curve, linear, honeycomb, extrusion, crossing, triangular, cell, and strip ceilings; and panels.
Its products are used in governmental buildings, hospitals, schools, department stores, hotels, factories, public buildings, and residential and commercial buildings. The company was formerly known as CKM Building Material Corp. and changed its name to CKM Applied Materials Corp. in July 2017.
The company was incorporated in 1982 and is headquartered in Tainan City, Taiwan.
Stock analysis
CKM Building Material (8930) currently trades at 26.85 TWD, while our model-based Fair Value estimate is 34.78 TWD, implying the stock looks roughly 23% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 40.41 TWD per share, and 19 of the 25 models we run sit above the 26.85 TWD price.
Bear case: the Asset-Based group reads lowest at 5.50 TWD, and 6 of the 25 models stay below the price. Data coverage for this calculation is low.
Scenario range: 25.47 TWD (bear) to 45.80 TWD (bull), the price of 26.85 TWD sits inside 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 73/100 (solid quality), in the Industrials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
CKM Building Material reported revenue of 1.4B TWD in FY2025 versus 1.2B TWD in FY2021, a compound +3.6%/yr. Reported net income was 196M TWD in FY2025, compounding +25.2%/yr from FY2021.
Key figures
Market cap 2.5B TWD (≈ $75.3M) Micro · P/E ratio 10.7 · P/S ratio 1.78 · EPS (TTM) 2.61 TWD · Dividend yield 8.2% · Net margin 15.3% · Return on equity 15.4% · Return on assets (EBIT) 10.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 62 out of 100 (low confidence).
What moves the price
The share trades about 16% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −31% fair-value upside, at 30%, 8930 screens cheaper than that median.
Fair Value models
Bear25.47 TWDFair Value 34.78 TWDBull45.80 TWD
Price 26.85 TWD · Upside +29.5%
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 (0.3516 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.
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.81/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−7.8%
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.
+2.7%
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.
+8.3%
Start year 2020 (pandemic). Over 10 years: +4.5% a year
Revenue growth 10 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.
+4.5%
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What shareholders gained per year (last 5 years), in TWD ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in TWD: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+32.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+23.8%
Dividend (yield on the price)8.2%
Profit margin 2020 to 2025 ⓘ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% → 16%
Growth Forecast
Little optimism in the price
The price assumes less 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).
−0.4%
The company could shrink this much every year for the next five years and today's price would still be justified.
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 −1.9% a year for the price.
Price, fair value, quality and upside side by side.
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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.Building Products & Equipment · 255 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score73 · Top 25%
Fair Value upside+29.5% · Above median
Profitability
Return on equity (12 months)15.4% · Top 25%
Return on assets9.5% · Top 25%
Net margin (12 months)15.3% · Top 25%
Operating margin (12 months)14.9% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−7.1% · Bottom 25%
Dividend yield (12 months)8.2% · Top 25%
Balance sheet
Debt / equity0.23× · Above median
Valuation Multiplesvs Building Products & Equipment median · lower = cheaper
P/E (12 months)10.7× · Cheapest 25%
P/B1.69× · Pricier than median
P/S (12 months)1.78× · Pricier than median
Price / free cash flow (fiscal year)11.8× · Cheaper than median
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). "CKM Building Material Fair Value". https://www.fairvalue-calculator.com/stock/8930
Frequently asked questions
Is CKM Building Material (8930) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 34.78 TWD versus a price of 26.85 TWD, about +30% upside (undervalued).
What is the fair value of 8930?
Our model-based fair value for CKM Building Material is 34.78 TWD (as of Nov 9, 2026), built from audited fundamentals. The current price: 26.85 TWD.
What is the quality score of 8930?
CKM Building Material has a Quality Score of 73/100. 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 CKM Building Material (8930)?
Our model-based price target is the fair value of 34.78 TWD (as of Nov 9, 2026) from 25 valuation models. Cautious scenario 25.47 TWD, optimistic scenario 45.80 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the CKM Building Material stock forecast for 2026?
Our models put fair value at 34.78 TWD, about +30% upside versus a price of 26.85 TWD (undervalued). Cautious scenario 25.47 TWD, optimistic scenario 45.80 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of CKM Building Material (8930)?
CKM Building Material reported trailing-twelve-month revenue of about 1.4B TWD (latest available figure, as of Nov 9, 2026).
Does CKM Building Material pay a dividend?
CKM Building Material currently shows a dividend yield of 8.19% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of CKM Building Material (8930) and when is the ex-dividend date?
CKM Building Material pays a dividend of 2.20 TWD per share a year, a dividend yield of 8.2%. The last ex-dividend date was Mar 27, 2026. A dividend has been paid every year since 2017. The payout ratio is 84.3% of earnings. Free cash flow covers the dividend 1.19 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into CKM Building Material (8930)?
For today's price to be fair in a discounted-cash-flow model, CKM Building Material would have to grow free cash flow by -0.4 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +8.3 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of 8930 use?
Our models discount CKM Building Material at 11.8 %: a base by market capitalisation (micro), damped by beta 0.03, 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 CKM Building Material that is -0.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has CKM Building Material (8930) delivered so far?
Over the past 5 years revenue at CKM Building Material grew +8.3 % a year. The price currently implies free-cash-flow growth of -0.4 % per 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 CKM Building Material (8930) growing?
The median revenue growth in the sector is +7.8 % a year. That is the yardstick for the growth priced into CKM Building Material (-0.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of CKM Building Material (8930)?
The free-cash-flow yield on the price is 9.70 %: that much free cash flow CKM Building Material produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of CKM Building Material (8930)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For CKM Building Material it is 34.78 TWD per share (as of Nov 9, 2026), against a price of 26.85 TWD. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is CKM Building Material stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 8930 trades below its calculated fair value: price 26.85 TWD, fair value 34.78 TWD, a gap of about +30% (undervalued). 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 8930?
No. The price is what the market pays today (26.85 TWD); the fair value is what the company's own numbers justify (34.78 TWD). For CKM Building Material the two are 7.93 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is CKM Building Material worth?
The market values CKM Building Material at about 2.5B TWD (market capitalisation, as of Nov 9, 2026). Per share that is 26.85 TWD; our models calculate a fair value of 34.78 TWD per share.
What do the bullish and bearish scenarios say about 8930?
Our models span a range for CKM Building Material: cautious scenario 25.47 TWD, base 34.78 TWD, optimistic 45.80 TWD per share (as of Nov 9, 2026, price 26.85 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 8930?
CKM Building Material trades at a price-to-earnings ratio of 10.7 (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 34.78 TWD is built from several models across several years. Median P/E at fiscal year-end, 8 fiscal years (2018 to 2025), reported earnings: 14.3. Other multiples: P/B 1.7, P/S 1.8, EV/EBITDA 9.4.
How solid is the balance sheet of CKM Building Material (8930)?
Balance-sheet figures for CKM Building Material (as of Nov 9, 2026): return on equity 15.4%, debt of 0.23 per unit of equity. They feed the Quality Score of 73/100, which measures business quality independently of the share price.
How far is 8930 from its 52-week high?
CKM Building Material trades at 26.85 TWD, about 16% below its 52-week high of 31.85 TWD and 6% above the low of 25.38 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 34.78 TWD is for.
Which stocks are comparable to CKM Building Material?
From the same area (Industrials) we also value Johnson Controls International plc, Trane Technologies plc, Carrier Global Corporation, Compagnie de Saint-Gobain S.A, 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 CKM Building Material stock attractive at the current price?
The data as of Nov 9, 2026: price 26.85 TWD, calculated fair value 34.78 TWD (+30%), Quality Score 73/100, from 25 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 8930 calculated?
We run CKM Building Material through 25 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 34.78 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. CKM Building Material currently trades 23% below its own fair value, and the market average says nothing about that. 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 CKM Building Material (8930)?
The closing price on Nov 6, 2026 was 26.85 TWD. Our model-based fair value is 34.78 TWD, about +30% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with CKM Building Material right now?
Solid quality (73/100) at a price below fair value, the discount is the argument here, not the business quality. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of CKM Building Material
How large is the market capitalisation of CKM Building Material (8930)?
The market capitalisation of CKM Building Material is 2.5B TWD (≈ $75.3M). 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 CKM Building Material (8930)?
The price-to-sales ratio of CKM Building Material is 1.78 (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 CKM Building Material (8930)?
Earnings per share at CKM Building Material are 2.61 TWD (price ÷ EPS = P/E 10.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of CKM Building Material (8930)?
The dividend yield of CKM Building Material is 8.2% (payout 84.3%). 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 CKM Building Material (8930)?
The net margin of CKM Building Material is 15.3% (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 CKM Building Material (8930)?
The return on equity (ROE) of CKM Building Material is 15.4% (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 CKM Building Material (8930)?
On an EBIT basis the return on assets of CKM Building Material is 10.4% (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 CKM Building Material (8930)?
The operating margin of CKM Building Material is 14.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at CKM Building Material (8930)?
Revenue at CKM Building Material is growing −7.1% versus a year earlier (3y avg +2.7%). 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 CKM Building Material (8930)?
Earnings per share at CKM Building Material are growing +90.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does CKM Building Material (8930) hold?
CKM Building Material holds more cash than debt, 110M TWD net (fiscal year 2023). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 9, 2026