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CSBC Corp Taiwan (2208) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of CSBC Corp Taiwan stock TWD 3.75, price TWD 16.65, that is 77.5% below the price, quality 37 out of 100. Rating: strongly overvalued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.

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Industrials TW · ISIN TW0002208006

CC CSBC Corp Taiwan logo Thin data Nov 5, 2026

CSBC Corp Taiwan

2208 · TW
Very expensive, weak quality

Our calculation puts a fair price 77% below what the stock costs today.

Thin margins · 3.6% net margin (TTM)
Moderate debt
Revenue last quarter 51% below a year ago.
Fair value 3.75 TWD · Strongly overvalued (−77.5%)
Quality 37/100
Weak Growth (revenue 5y −2.9 %/yr in TWD)
Negative free cash flow
Trails peers (1/11)
Narrow moat 22/100
Thin data
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

31.25 TWD 14.30 TWD Fair Value 3.75 TWD Jun 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.

How to read this chart

60‑month range 14.30 TWD – 31.25 TWD · fair‑value band 2.80 TWD – 5.60 TWD · the 16.65 TWD price screens above the 3.75 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.

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Company profile

CSBC Corporation operates as a shipbuilding company in Europe, Asia, Africa, and America.

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The company is involved in the building, manufacturing and repairing of various ships and onshore equipment, ship coating, anti-corrosion coating on large steel structure, surface treatment and professional coating.

It also engages in the construction of merchant ships, naval vessels, official ships, and commercial services, large steel structures, machinery manufacturing, offshore engineering manufacturing, assembly, transportation, hoisting, commercial and other core business projects; and large barge and tug business.

The company also offers sandblasting, and manpower dispatch services. The company was formerly known as China Shipbuilding Corporation and changed its name to CSBC Corporation in March 2007. CSBC Corporation was incorporated in 1973 and is headquartered in Kaohsiung, Taiwan.

Stock analysis

CSBC Corp Taiwan (2208) currently trades at 16.65 TWD, while our model-based Fair Value estimate is 3.75 TWD, 77% below the price, so the stock looks overvalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 96/100, which puts the data coverage at low.

Scenario range: 2.80 TWD (bear) to 5.60 TWD (bull), the price of 16.65 TWD sits above 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 37/100 (below-average quality), in the Industrials sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

CSBC Corp Taiwan reported revenue of 21.8B TWD in FY2025 versus 19.1B TWD in FY2021, a compound +3.3%/yr. Reported net income was −2.3B TWD in FY2025.

Key figures

Market cap 21.2B TWD (≈ $648M) Small · P/E ratio 34.0 · P/S ratio 1.21 · EPS (TTM) 0.4900 TWD · Net margin 3.6% · Return on equity 8.6% · Return on assets (EBIT) −6.3% (5-year average) · Operating margin −15.1%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 22 out of 100 (medium confidence).

What moves the price

The share trades about 32% below its 52-week high and at its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −23% fair-value upside, at −77%, 2208 screens richer than that median.

Fair Value models

Bear 2.80 TWD Fair Value 3.75 TWD Bull 5.60 TWD
Price 16.65 TWD · Downside -77.5%
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 (0.4188 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.
Best data coverage
NCAV (Graham) 2.80 TWD 3.75 TWD 5.60 TWD 54
All 1 models by family
Asset-Based
NCAV (Graham) 2.80 TWD 3.75 TWD 5.60 TWD 54

Open the full fair value analysis →

Quality Score breakdown

Overall quality 37/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 6
How much profit the company makes from its sales and capital
Quality Growth 85
Are margins and returns getting better?
Cashflow 33
Do the profits arrive as real cash?
Financial strength 6
Debt, balance sheet and risk of trouble
Investment 97
Does it invest with discipline instead of growing at any price?
Low Volatility 68
How calm the share price moves, does not count
Price momentum 24
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 4
Distance to the 52-week high, does not count
New shares 40
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 12/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+50.3%
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.
−0.3%
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.
−2.9%
Start year 2020 (pandemic). Over 10 years: +0.1% a year
Revenue growth 19 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.
+0.5%
Profit margin (trend) ⓘ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.
−7.5% (2020) → −13.6% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

2208 screens overvalued: fair value 77% below the price. Compare with General Electric Company →

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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.Aerospace & Defense · 238 stocks

Beats the industry median on 1/11 measures
Overall it trails its industry peers.
Valuation
Quality Score 37 · Bottom 25%
Fair Value upside −77.5% · Bottom 25%
Profitability
Return on equity (12 months) 8.6% · Below median
Return on assets −4.9% · Bottom 25%
Net margin (12 months) 3.6% · Below median
Operating margin (12 months) −15.1% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −51.1% · Bottom 25%
Balance sheet
Debt / equity 1.03× · Highest 25%

Valuation Multiplesvs Aerospace & Defense median · lower = cheaper

P/E (12 months) 34.0× · Pricier than median
P/B 2.95× · Pricier than median
P/S (12 months) 1.21× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)0 · sector 65
PAST (return on equity)34 · sector 41
HEALTH (low debt)49 · sector 94
DIVIDEND (yield)0 · sector 19

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Weapons Defense

Similar stocks

10 more Aerospace & Defense stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Safran SA SAF €295.50 €327.36 +11% vs 2208
Honeywell Aerospace Inc HONA $152.92 $168.21 +10% vs 2208
TransDigm Group TDG $1,197 $1,308 +9% vs 2208
Lockheed Martin Corporation LMT $567.08 $439.21 −23% vs 2208
General Dynamics Corporation GD $354.06 $274.19 −23% vs 2208
Northrop Grumman Corporation NOC $525.01 $382.98 −27% vs 2208
Airbus SE AIR €196.40 €112.14 −43% vs 2208
RTX Corporation RTX $189.53 $88.19 −53% vs 2208
General Electric Company GE $323.24 $92.26 −71% vs 2208
Howmet Aerospace Inc HWM $205.81 $52.65 −74% vs 2208

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CSBC Corp Taiwan: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "CSBC Corp Taiwan Fair Value". https://www.fairvalue-calculator.com/stock/2208

Frequently asked questions

Is CSBC Corp Taiwan (2208) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 3.75 TWD versus a price of 16.65 TWD, about 77% lower (overvalued).
What is the fair value of 2208?
Our model-based fair value for CSBC Corp Taiwan is 3.75 TWD (as of Nov 5, 2026), built from audited fundamentals. The current price: 16.65 TWD.
What is the quality score of 2208?
CSBC Corp Taiwan has a Quality Score of 37/100. 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 CSBC Corp Taiwan (2208)?
Our model-based price target is the fair value of 3.75 TWD (as of Nov 5, 2026) from 1 valuation models. Cautious scenario 2.80 TWD, optimistic scenario 5.60 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the CSBC Corp Taiwan stock forecast for 2026?
Our models put fair value at 3.75 TWD, about 77% lower versus a price of 16.65 TWD (overvalued). Cautious scenario 2.80 TWD, optimistic scenario 5.60 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of CSBC Corp Taiwan (2208)?
CSBC Corp Taiwan reported trailing-twelve-month revenue of about 17.5B TWD (latest available figure, as of Nov 5, 2026).
What is the intrinsic value of CSBC Corp Taiwan (2208)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For CSBC Corp Taiwan it is 3.75 TWD per share (as of Nov 5, 2026), against a price of 16.65 TWD. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is CSBC Corp Taiwan stock overvalued or undervalued in 2026?
As of Nov 5, 2026, 2208 trades above its calculated fair value: price 16.65 TWD, fair value 3.75 TWD, a gap of about −77% (overvalued). 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 2208?
No. The price is what the market pays today (16.65 TWD); the fair value is what the company's own numbers justify (3.75 TWD). For CSBC Corp Taiwan the two are 12.90 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is CSBC Corp Taiwan worth?
The market values CSBC Corp Taiwan at about 21.2B TWD (market capitalisation, as of Nov 5, 2026). Per share that is 16.65 TWD; our models calculate a fair value of 3.75 TWD per share.
What do the bullish and bearish scenarios say about 2208?
Our models span a range for CSBC Corp Taiwan: cautious scenario 2.80 TWD, base 3.75 TWD, optimistic 5.60 TWD per share (as of Nov 5, 2026, price 16.65 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2208?
CSBC Corp Taiwan trades at a price-to-earnings ratio of 34.0 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 3.75 TWD is built from several models across several years. Other multiples: P/B 3.0, P/S 1.2.
How solid is the balance sheet of CSBC Corp Taiwan (2208)?
Balance-sheet figures for CSBC Corp Taiwan (as of Nov 5, 2026): return on equity 8.6%, debt of 1.03 per unit of equity. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
How far is 2208 from its 52-week high?
CSBC Corp Taiwan trades at 16.65 TWD, about 32% below its 52-week high of 24.35 TWD and at the low of 16.65 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 3.75 TWD is for.
Which stocks are comparable to CSBC Corp Taiwan?
From the same area (Industrials) we also value General Electric Company, RTX Corporation, Airbus SE, Safran SA, 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 CSBC Corp Taiwan stock attractive at the current price?
The data as of Nov 5, 2026: price 16.65 TWD, calculated fair value 3.75 TWD (−77%), Quality Score 37/100, from 1 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 2208 calculated?
We run CSBC Corp Taiwan through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of 3.75 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 13.0% above its aggregate fair value. CSBC Corp Taiwan itself currently trades above fair value. 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 CSBC Corp Taiwan (2208)?
The closing price on Nov 6, 2026 was 16.65 TWD. Our model-based fair value is 3.75 TWD, about 77% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with CSBC Corp Taiwan right now?
The price sits above even our optimistic bull case (5.60 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. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (2.80 TWD to 5.60 TWD) leaves room in how you read the outcome.

Key figures of CSBC Corp Taiwan

How large is the market capitalisation of CSBC Corp Taiwan (2208)?
The market capitalisation of CSBC Corp Taiwan is 21.2B TWD (≈ $648M). 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 CSBC Corp Taiwan (2208)?
The price-to-sales ratio of CSBC Corp Taiwan is 1.21 (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 CSBC Corp Taiwan (2208)?
Earnings per share at CSBC Corp Taiwan are 0.4900 TWD (price ÷ EPS = P/E 34.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of CSBC Corp Taiwan (2208)?
The net margin of CSBC Corp Taiwan is 3.6% (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 CSBC Corp Taiwan (2208)?
The return on equity (ROE) of CSBC Corp Taiwan is 8.6% (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 CSBC Corp Taiwan (2208)?
On an EBIT basis the return on assets of CSBC Corp Taiwan is −6.3% (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 CSBC Corp Taiwan (2208)?
The operating margin of CSBC Corp Taiwan is −15.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at CSBC Corp Taiwan (2208)?
Revenue at CSBC Corp Taiwan is growing −51.1% versus a year earlier (3y avg −0.3%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much free cash flow does CSBC Corp Taiwan (2208) generate?
The free cash flow of CSBC Corp Taiwan is −10.4B TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does CSBC Corp Taiwan (2208) carry?
The net debt of CSBC Corp Taiwan is 20.7B TWD (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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