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China Metal Products Co (1532) Fair Value & Analysis

Industrials · TW · Market cap 9.6B TWD

CM China Metal Products Co 1532 · TW
Price21.75 TWD
Fair Value27.75 TWD
Upside+27.6%
Quality35/100
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Mixed Growth
Thin margins · 3.1% net margin
Moderate debt · generates free cash flow
3.47% dividend yield
Mixed vs. peers (8/14)
Narrow moat 33/100
Evidence: Medium Range 25.18 TWD – 31.71 TWD Share as image

Fair value as of: Jul 21, 2026

From 24 valuation models · updated 20 days ago

Share price −5.6% over the past month.

Below-average quality, screening 28% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (25.18 TWD). The market is more pessimistic than our downside scenario.
  • Our model range runs from 25.18 TWD (bear) to 31.71 TWD (bull), base 27.75 TWD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 35/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

55.50 TWD 20.20 TWD Fair Value 27.75 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

60‑month range 20.20 TWD – 55.50 TWD · fair‑value band 25.18 TWD – 31.71 TWD · the 21.75 TWD price screens below the 27.75 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

China Metal Products Co (1532) currently trades at 21.75 TWD, while our model-based Fair Value estimate is 27.75 TWD, implying the stock looks roughly 27.6% undervalued today. The Quality Score stands at 35/100 (below-average quality), in the Industrials 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: medium), always confirm before acting.

Over the trailing twelve months, China Metal Products Co generated revenue of 15.7B TWD at a net margin of 3.1%. Revenue grew 8.1% year over year. It earns a return on equity of 4.3%. Net debt stands at 17.5B TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 25.18 TWD (bear case) to 31.71 TWD (bull case); at 21.75 TWD, the current price sits below 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 24% below its 52-week high and 8% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -72% fair-value upside, at 28%, 1532 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 31.89 TWD 43.89 TWD 64.10 TWD 80
Residual Income 25.87 TWD 25.23 TWD 20.87 TWD 76
Rev-Margin DCF 23.04 TWD 34.62 TWD 49.10 TWD 74
All 24 models by family
DCF Models
FCF DCF 30.46 TWD 42.89 TWD 65.62 TWD 38
Owner Earnings 22.31 TWD 31.84 TWD 49.26 TWD 31
5Y Revenue Exit 23.04 TWD 33.78 TWD 49.48 TWD 39
5Y EBITDA Exit 32.04 TWD 49.29 TWD 72.32 TWD 41
5Y P/E Exit 15.96 TWD 21.58 TWD 28.47 TWD 38
10Y Revenue Exit 25.16 TWD 33.58 TWD 42.55 TWD 36
10Y EBITDA Exit 31.13 TWD 43.08 TWD 55.91 TWD 37
10Y P/E Exit 21.57 TWD 26.12 TWD 30.25 TWD 35
Earnings-Based
Graham-Dodd 6.72 TWD 8.77 TWD 10.05 TWD 54
EPV 14.49 TWD 17.48 TWD 20.05 TWD 59
Dividend Discount
Gordon GGM 15.39 TWD 16.77 TWD 18.86 TWD 70
DDM Multi-Stage 15.39 TWD 19.25 TWD 24.37 TWD 61
Multiples
P/E Multiple 12.59 TWD 16.79 TWD 20.99 TWD 63
P/S Multiple 12.59 TWD 16.79 TWD 20.99 TWD 58
P/B Multiple 12.59 TWD 16.79 TWD 20.99 TWD 55
EV/EBIT 23.92 TWD 33.36 TWD 42.80 TWD 53
EV/EBITDA 39.33 TWD 53.91 TWD 68.48 TWD 54
EV/Revenue 20.15 TWD 30.67 TWD 41.18 TWD 43
Asset-Based
NCAV (Graham) 18.10 TWD 24.26 TWD 36.21 TWD 50
Growth DCF
Growth DCF 31.89 TWD 43.89 TWD 64.10 TWD 80
Rev-Margin DCF 23.04 TWD 34.62 TWD 49.10 TWD 74
Economic Profit
Residual Income 25.87 TWD 25.23 TWD 20.87 TWD 76
ROIC Compounder 14.49 TWD 17.48 TWD 20.05 TWD 72
Growth Earnings
Growth-Adj P/E 8.97 TWD 12.82 TWD 16.66 TWD 68

Widest divergence: Growth DCF (34.62 TWD) versus Earnings-Based (8.77 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 15.7B TWD
Revenue growth (YoY) +8.1%
Net margin 3.1%
Return on equity 4.3%
Free cash flow 1.6B TWD FY2025
P/E ratio 23.9
More key figures
Operating margin 1.5%
EPS (TTM) 0.9800 TWD
Dividend yield 3.5%
EPS growth (YoY) -93.8%
Net debt 17.5B TWD FY2025

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 35/100

Of which business quality 35 · Market factors (momentum, volatility) 49

Profitability 18
Margins and returns on capital today
Quality Growth 24
Are margins and returns improving?
Cashflow 67
Earnings quality: real cash, not paper profit
Fin. Strength 23
Balance sheet, leverage, solvency risk
Investment 88
Disciplined investing over empire-building
Low Volatility 92
Calm price path (market factor)
Momentum 36
Price trend over the last 3–12 months (market factor)
52W Momentum 21
Distance to the 52-week high (market factor)
Net Issuance 0
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

China Metal Products Co., Ltd. engages in the manufacture and sale of cast iron products in Taiwan, the United States, Japan, China, Europe, South America, and internationally. The company manufactures and processes metal parts, residential, building development and leasing, operates international tourist hotel, and retail department store.

Full company description

China Metal Products Co., Ltd. engages in the manufacture and sale of cast iron products in Taiwan, the United States, Japan, China, Europe, South America, and internationally. The company manufactures and processes metal parts, residential, building development and leasing, operates international tourist hotel, and retail department store. China Metal Products Co., Ltd. was founded in 1972 and is based in Taipei City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

China Metal Products Co reported revenue of 15.4B TWD in FY2025 versus 18.9B TWD in FY2021, a compound −5.0%/yr. Reported net income was 411M TWD in FY2025, compounding −29.7%/yr from FY2021.

Growth Quality 59/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
15.4B TWD
Latest YoY
−14.5%
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.
+1.7%
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.
+3.3%
Avg. growth/yr (23Y) 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.
+5.2%
Revenue −5.0%/yr
FY21 18.9B TWD
FY22 14.6B TWD
FY23 17.6B TWD
FY24 18.0B TWD
FY25 15.4B TWD
Net income −29.7%/yr
FY21 1.7B TWD
FY22 805M TWD
FY23 965M TWD
FY24 1.2B TWD
FY25 411M TWD
Character of growth · EPS growth decomposed (2014-2025) −3.4 % p.a.
Revenue per share −2.9 pp

of which total revenue +0.3 pp · buybacks/dilution −3.2 pp

EBIT margin −2.9 pp
Tax rate +1.3 pp
Residual (interest, one-offs) +1.1 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).

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Cite: Fair Value Calculator (2026). "China Metal Products Co Fair Value". https://www.fairvalue-calculator.com/stock/1532

Peer Group

Metal Fabrication · 243 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 35 · Bottom 25%
Fair Value upside +8% · Top 25%
Return on equity (TTM) 4% · Below median
Return on assets 1% · Below median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 1% · Below median
Revenue growth 8% · Above median
Dividend yield (TTM) 3.5% · Top 25%
Debt / equity 0.52× · Higher than 75% of peers

Valuation Multiples vs Metal Fabrication median · lower = cheaper

P/E (TTM) 23.6× · Cheaper than median
P/B 0.64× · Cheaper than median
P/S (TTM) 0.61× · Cheaper than median
P/FCF 0.2× · Cheaper than 75% of peers
EV/EBITDA 5.0× · Cheaper than 75% of peers

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 45 · sector 0
FUTURE 41 · sector 37
PAST 17 · sector 21
HEALTH 74 · sector 95
DIVIDEND 69 · sector 25

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 Metal Fabrication stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

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Frequently asked questions

Is China Metal Products Co (1532) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 27.75 TWD versus a price of 21.75 TWD, about +28% (undervalued).
What is the fair value of 1532?
Our model-based fair value for China Metal Products Co is 27.75 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 21.75 TWD.
What is the quality score of 1532?
China Metal Products Co has a Quality Score of 35/100. 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 China Metal Products Co (1532)?
China Metal Products Co reported trailing-twelve-month revenue of about 15.7B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 1532?
The net profit margin of China Metal Products Co is about 3.1%, meaning it keeps roughly 3.1% of revenue as net income. Based on the latest reported figures.
Does China Metal Products Co pay a dividend?
China Metal Products Co currently shows a dividend yield of about 3.47% relative to its recent price (as of Jul 21, 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.

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