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China Wire & Cable Co (1603) Fair Value & Analysis

Technology · TW · Market cap 4.5B TWD

CW China Wire & Cable Co 1603 · TW
Price29.25 TWD
Fair Value41.12 TWD
Upside+40.6%
Quality47/100
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Expensive Growth
Thin margins · 7.9% net margin
Low debt · negative free cash flow
7.01% dividend yield
Mixed vs. peers (8/14)
Narrow moat 35/100
Evidence: High Range 38.82 TWD – 52.79 TWD Share as image

Fair value as of: Jul 21, 2026

From 17 valuation models · updated 20 days ago

Share price −2.5% over the past month.

Below-average quality, screening 41% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (38.82 TWD). The market is more pessimistic than our downside scenario.
  • Solid quality (47/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

53.10 TWD 24.48 TWD Fair Value 41.12 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 24.48 TWD – 53.10 TWD · fair‑value band 38.82 TWD – 52.79 TWD · the 29.25 TWD price screens below the 41.12 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 Wire & Cable Co (1603) currently trades at 29.25 TWD, while our model-based Fair Value estimate is 41.12 TWD, implying the stock looks roughly 40.6% undervalued today. The Quality Score stands at 47/100 (below-average quality), in the Technology 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: high), always confirm before acting.

Over the trailing twelve months, China Wire & Cable Co generated revenue of 5.4B TWD at a net margin of 7.9%. Revenue declined 8.5% year over year. It earns a return on equity of 5.8%. Net debt stands at 2.6B TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 38.82 TWD (bear case) to 52.79 TWD (bull case); at 29.25 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 34% below its 52-week high and 1% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -33% fair-value upside, at 41%, 1603 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
Residual Income 37.65 TWD 39.44 TWD 41.36 TWD 76
ROIC Compounder 24.99 TWD 28.80 TWD 32.10 TWD 72
Gordon GGM 13.17 TWD 26.25 TWD 39.75 TWD 70
All 17 models by family
DCF Models
Owner Earnings 26.86 TWD 40.64 TWD 60.88 TWD 31
Earnings-Based
Graham-Dodd 22.24 TWD 69.97 TWD 93.15 TWD 54
Lynch FV 15.32 TWD 21.88 TWD 28.44 TWD 50
PEG = 1.0 15.32 TWD 21.88 TWD 28.44 TWD 46
EPV 24.99 TWD 28.80 TWD 32.10 TWD 59
Dividend Discount
Gordon GGM 13.17 TWD 26.25 TWD 39.75 TWD 70
DDM Multi-Stage 13.17 TWD 21.51 TWD 27.71 TWD 61
Multiples
P/E Multiple 51.51 TWD 68.68 TWD 85.85 TWD 63
P/S Multiple 41.70 TWD 55.60 TWD 69.50 TWD 58
P/B Multiple 41.70 TWD 55.60 TWD 69.50 TWD 55
EV/EBIT 44.52 TWD 59.09 TWD 73.66 TWD 53
EV/EBITDA 37.49 TWD 49.72 TWD 61.94 TWD 54
EV/Revenue 32.01 TWD 45.38 TWD 58.74 TWD 43
Asset-Based
NCAV (Graham) 23.54 TWD 31.54 TWD 47.08 TWD 50
Economic Profit
Residual Income 37.65 TWD 39.44 TWD 41.36 TWD 76
ROIC Compounder 24.99 TWD 28.80 TWD 32.10 TWD 72
Growth Earnings
Growth-Adj P/E 42.75 TWD 61.07 TWD 79.39 TWD 68

Widest divergence: Growth Earnings (61.07 TWD) versus Dividend Discount (21.51 TWD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 5.4B TWD
Revenue growth (YoY) -8.5%
Net margin 7.9%
Return on equity 5.8%
Free cash flow −428M TWD FY2025
P/E ratio 8.8
More key figures
Operating margin 5.5%
EPS (TTM) 3.26 TWD
Dividend yield 7.0%
EPS growth (YoY) -66.5%
Net debt 2.6B TWD FY2025

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

Quality Score breakdown

Overall quality 47/100

Of which business quality 45 · Market factors (momentum, volatility) 34

Profitability 31
Margins and returns on capital today
Quality Growth 53
Are margins and returns improving?
Cashflow 1
Earnings quality: real cash, not paper profit
Fin. Strength 64
Balance sheet, leverage, solvency risk
Investment 67
Disciplined investing over empire-building
Low Volatility 82
Calm price path (market factor)
Momentum 18
Price trend over the last 3–12 months (market factor)
52W Momentum 6
Distance to the 52-week high (market factor)
Net Issuance 80
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 Wire & Cable Co., Ltd. manufactures and sells wires and cables in Taiwan. It operates in two segments, the Cable and the Door and Window Division. The company also engages in the production, sale, processing, and installation of aluminum doors and windows, as well as other aluminum products.

Full company description

China Wire & Cable Co., Ltd. manufactures and sells wires and cables in Taiwan. It operates in two segments, the Cable and the Door and Window Division. The company also engages in the production, sale, processing, and installation of aluminum doors and windows, as well as other aluminum products. In addition, it is involved in the construction, leasing, and sale of houses and buildings, as well as the import and export of various products. The company was founded in 1961 and is headquartered in Taipei City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

China Wire & Cable Co reported revenue of 5.5B TWD in FY2025 versus 2.6B TWD in FY2021, a compound +21.1%/yr. Reported net income was 519M TWD in FY2025, compounding +16.5%/yr from FY2021.

Growth Quality 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
5.5B TWD
Latest YoY
+21.7%
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.
+16.8%
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.
+19.7%
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.
+2.9%
Revenue +21.1%/yr
FY21 2.6B TWD
FY22 3.5B TWD
FY23 4.0B TWD
FY24 4.5B TWD
FY25 5.5B TWD
Net income +16.5%/yr
FY21 282M TWD
FY22 328M TWD
FY23 474M TWD
FY24 452M TWD
FY25 519M TWD
Character of growth · EPS growth decomposed (2014-2025) +4.2 % p.a.
Revenue per share +5.7 pp

of which total revenue +5.8 pp · buybacks/dilution +0.0 pp

EBIT margin +8.2 pp
Tax rate −1.4 pp
Residual (interest, one-offs) −8.3 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 Wire & Cable Co Fair Value". https://www.fairvalue-calculator.com/stock/1603

Peer Group

Electronics & Computer Distribution · 151 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 47 · Below median
Fair Value upside +41% · Top 25%
Return on equity (TTM) 6% · Below median
Return on assets 3% · Below median
Net margin (TTM) 8% · Top 25%
Operating margin (TTM) 6% · Above median
Revenue growth -9% · Bottom 25%
Dividend yield (TTM) 7.0% · Top 25%
Debt / equity 0.00× · Lower than median

Valuation Multiples vs Electronics & Computer Distribution median · lower = cheaper

P/E (TTM) 8.8× · Cheaper than 75% of peers
P/B 0.61× · Cheaper than median
P/S (TTM) 0.84× · Pricier than 75% of peers
EV/EBITDA 8.3× · Cheaper than median
PEG 7.43× · Pricier 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 87 · sector 14
FUTURE 0 · sector 57
PAST 23 · sector 36
HEALTH 100 · sector 98
DIVIDEND 100 · sector 39

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 Electronics & Computer Distribution stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
TD SYNNEX Corporation SNX $251.52 $207.02 -18%
Unisplendour Corporation 000938 ¥38.59 ¥11.79 -69%
Rexel S.A RXL €38.59 €33.31 -14%
Arrow Electronics, Inc ARW $204.10 $115.40 -43%
Avnet, Inc AVT $87.13 $58.57 -33%
WPG Holdings 3702 106.50 TWD 102.31 TWD -4%
Shenzhen Huaqiang Industry Co 000062 ¥22.37 ¥7.52 -66%
Synnex Technology International Corporation 2347 85.30 TWD 86.30 TWD +1%
Nanjing Sunlord Electronics Corporation 300975 ¥37.37 ¥8.60 -77%
Beijing Tricolor Technology Co 603516 ¥106.52 ¥23.39 -78%

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Frequently asked questions

Is China Wire & Cable Co (1603) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 41.12 TWD versus a price of 29.25 TWD, about +41% (undervalued).
What is the fair value of 1603?
Our model-based fair value for China Wire & Cable Co is 41.12 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 29.25 TWD.
What is the quality score of 1603?
China Wire & Cable Co has a Quality Score of 47/100. 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 Wire & Cable Co (1603)?
China Wire & Cable Co reported trailing-twelve-month revenue of about 5.4B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 1603?
The net profit margin of China Wire & Cable Co is about 7.9%, meaning it keeps roughly 7.9% of revenue as net income. Based on the latest reported figures.
Does China Wire & Cable Co pay a dividend?
China Wire & Cable Co currently shows a dividend yield of about 6.40% 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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