China Motor Corporation (2204) Fair Value & Analysis
Consumer Cyclical · TW · Market cap 30.7B TWD
Fair value as of: Jul 23, 2026
From 13 valuation models · updated 18 days ago
Fair value updated Jul 23, 2026, revised from 63.16 TWD to 63.34 TWD (+0.3%) since Jul 7, 2026. Share price −11.8% over the past month.
Below-average quality, screening 25% undervalued on our models.
What matters now
- The price is below even our cautious bear case (52.17 TWD). The market is more pessimistic than our downside scenario.
- Our model range runs from 52.17 TWD (bear) to 81.76 TWD (bull), base 63.34 TWD. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 42/100 (below-average quality) with medium evidence: read the verdict with care.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 23, 2026.
How to read this chart
60‑month range 38.39 TWD – 147.50 TWD · fair‑value band 52.17 TWD – 81.76 TWD · the 50.80 TWD price screens below the 63.34 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.
Analysis
China Motor Corporation (2204) currently trades at 50.80 TWD, while our model-based Fair Value estimate is 63.34 TWD, implying the stock looks roughly 24.7% undervalued today. The Quality Score stands at 42/100 (below-average quality), in the Consumer Cyclical 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 Motor Corporation generated revenue of 33.6B TWD at a net margin of 8.9%. Revenue grew 18.4% year over year. It earns a return on equity of 7.8%. Net debt stands at 3.5B TWD. Fundamentals as of Jul 23, 2026
Our scenario range runs from 52.17 TWD (bear case) to 81.76 TWD (bull case); at 50.80 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 22% below its 52-week high, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 25% fair-value upside, at 25%, 2204 screens richer 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.
All 13 models by family
Widest divergence: Growth Earnings (89.61 TWD) versus Earnings-Based (27.22 TWD). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 42 · Market factors (momentum, volatility) 45
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 Motor Corporation manufactures and sells automobiles, and related parts and components in Taiwan and internationally. The company operates through Vehicle Manufacturing, Channel, and Others segments. It offers commercial and recreational vehicles, electric motorcycle, automated guided vehicle, sedan, RV, LCV, Truck, EV, and electric scooter.
Full company description
China Motor Corporation manufactures and sells automobiles, and related parts and components in Taiwan and internationally. The company operates through Vehicle Manufacturing, Channel, and Others segments. It offers commercial and recreational vehicles, electric motorcycle, automated guided vehicle, sedan, RV, LCV, Truck, EV, and electric scooter. The company also engages in overseas investment in production and service industries; manufacture of automobile engine; provision of after-sales services of vehicle; consulting and servicing, and investment activities; automatic control equipment engineering; and sale of second-hand vehicle, motorcycle, bicycle, and parts. China Motor Corporation was incorporated in 1969 and is based in Taoyuan City, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
China Motor Corporation reported revenue of 32.1B TWD in FY2025 versus 31.1B TWD in FY2021, a compound +0.8%/yr. Reported net income was 3.0B TWD in FY2025, compounding −8.1%/yr from FY2021.
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Peer Group
Auto Manufacturers · 119 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 Auto Manufacturers median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Auto Manufacturers stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Toyota Motor Corporation TM | $179.76 | $224.63 | +25% |
| BYD Company 81211 | HK$80.55 | HK$50.85 | -37% |
| Hyundai Motor Company 005380 | 425,000 KRW | 616,918 KRW | +45% |
| General Motors Company GM | $77.72 | $56.93 | -27% |
| Bayerische Motoren Werke Aktiengesellschaft BMWM5N | 1,909 MXN | 2,944 MXN | +54% |
| Ferrari N.V RACE | $376.64 | $228.05 | -39% |
| Ford Motor Company F | C$11.86 | C$4.00 | -66% |
| Mercedes-Benz Group BENZ | C$20.44 | C$35.15 | +72% |
| Volkswagen AG VOW | 2,149 CZK | 7,191 CZK | +235% |
| Maruti Suzuki India Limited MARUTI | ₹13,803 | ₹8,236 | -40% |
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Frequently asked questions
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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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