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

As of Sep 24, 2026: fair value of CSBC Corp Taiwan TWD 3.75, price TWD 19.40, upside -80.7%, quality 39 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? No
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Industrials · TW · ISIN TW0002208006

CC Thin data Sep 23, 2026

CSBC Corp Taiwan

2208 · TW

Weakest SetupStrongly overvalued and low quality.

!Fair value 3.75 TWD · Strongly overvalued (−81%)
!Quality 39/100
!Weak Growth (revenue 5y −2.9 %/yr)
!Loss-making · -5.9% net margin (TTM)
!Moderate debt · negative free cash flow
!Trails peers (3/10)
!Narrow moat 12/100
!Evidence only low, so the estimate is less certain

What runs behind every stock

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 Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 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 19.40 TWD price screens above the 3.75 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.

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Company profile

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

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CSBC Corporation operates as a shipbuilding company in Europe, Asia, Africa, and America. 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 19.40 TWD, while our model-based Fair Value estimate is 3.75 TWD, implying the stock looks roughly 417.3% overvalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.

Scenario range: 2.80 TWD (bear) to 5.60 TWD (bull), the price of 19.40 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 39/100 (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 24.7B TWD (≈ $776M) · P/S ratio 1.01 · EPS (TTM) −1.77 TWD · Net margin −10.4% · Return on equity −17.4% · Return on assets (EBIT) −6.3% · Operating margin −3.8% · Revenue (TTM) 22.6B TWD.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).

What moves the price

The share trades about 20% below its 52-week high and 13% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −20% fair-value upside, at −81%, 2208 screens richer than that median.

Fair Value models

Bear 2.80 TWD Fair Value 3.75 TWD Bull 5.60 TWD
Model Each model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 Evidence = 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.
Highest evidence
NCAV (Graham) 2.82 TWD 3.78 TWD 5.63 TWD 54
All 1 models by family
Asset-Based
NCAV (Graham) 2.82 TWD 3.78 TWD 5.63 TWD 54

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Quality Score breakdown

Overall quality 39/100

Of which business quality 36 · Market factors (momentum, volatility) 36

Profitability 6
Margins and returns on capital today
Quality Growth 85
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 6
Balance sheet, leverage, solvency risk
Investment 97
Disciplined investing over empire-building
Low Volatility 62
Calm price path (market factor)
Momentum 32
Price trend over the last 3–12 months (market factor)
52W Momentum 12
Distance to the 52-week high (market factor)
Net Issuance 36
Share count: buybacks or dilution?

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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. 0/100
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 417% overvalued. Compare with General Electric Company →

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Peer GroupHow 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 · 230 stocks

Beats the industry median on 3/9 measures
Overall it trails its industry peers.
Valuation
Quality Score 36 · Bottom 25%
Fair Value upside −81% · Bottom 25%
Profitability
Return on assets −3% · Bottom 25%
Net margin (TTM) −6% · Bottom 25%
Operating margin (TTM) −4% · Bottom 25%
Growth and dividend
Revenue growth 21% · Above median
Balance sheet
Debt / equity 1.03× · Highest 25%

Valuation Multiplesvs Aerospace & Defense median · lower = cheaper

P/B 0.11× · Cheapest 25%
P/S (TTM) 0.03× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)100 · sector 46
PAST (return on equity)0 · sector 37
HEALTH (low debt)49 · sector 93
DIVIDEND (yield)0 · sector 17

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
General Electric Company GE $319.22 $92.68 −71%
RTX Corporation RTX $190.99 $88.37 −54%
Airbus SE AIR €194.60 €112.75 −42%
Safran SA SAF €332.00 €365.20 +10%
Lockheed Martin Corporation LMT $522.34 $440.05 −16%
Howmet Aerospace Inc HWM $225.36 $52.47 −77%
General Dynamics Corporation GD $343.39 $274.32 −20%
Northrop Grumman Corporation NOC $509.86 $383.06 −25%
TransDigm Group TDG $1,112 $1,224 +10%
L3Harris Technologies, Inc LHX $239.89 $263.88 +10%

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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 Sep 23, 2026, our model estimates a fair value of 3.75 TWD versus a price of 19.40 TWD, about −81% upside (overvalued).
What is the fair value of 2208?
Our model-based fair value for CSBC Corp Taiwan is 3.75 TWD (as of Sep 23, 2026), built from audited fundamentals. The current price: 19.40 TWD.
What is the quality score of 2208?
CSBC Corp Taiwan has a Quality Score of 39/100. 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 Sep 23, 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 −81% upside versus a price of 19.40 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 22.6B TWD (latest available figure, as of Sep 23, 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 Sep 23, 2026), against a price of 19.40 TWD. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is CSBC Corp Taiwan stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 2208 trades above its calculated fair value: price 19.40 TWD, fair value 3.75 TWD, a gap of about −81% (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 (19.40 TWD); the fair value is what the company's own numbers justify (3.75 TWD). For CSBC Corp Taiwan the two are 15.65 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 24.7B TWD (market capitalisation, as of Sep 23, 2026). Per share that is 19.40 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 Sep 23, 2026, price 19.40 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of CSBC Corp Taiwan (2208)?
Balance-sheet figures for CSBC Corp Taiwan (as of Sep 23, 2026): return on equity −17.4%, debt of 1.03 per unit of equity. They feed the Quality Score of 39/100, which measures business quality independently of the share price.
How far is 2208 from its 52-week high?
CSBC Corp Taiwan trades at 19.40 TWD, about 20% below its 52-week high of 24.35 TWD and 13% above the low of 17.20 TWD (as of Sep 24, 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 Sep 23, 2026: price 19.40 TWD, calculated fair value 3.75 TWD (−81%), Quality Score 39/100, 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 four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 3.75 TWD, 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 14.1 % 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 Sep 24, 2026 was 19.40 TWD. Our model-based fair value is 3.75 TWD, about −81% upside (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 (39/100) 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 24.7B TWD (≈ $776M). 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 1.01 (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 −1.77 TWD. 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 −10.4% (fiscal year 2025). 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 −17.4% (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 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 −3.8% (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 +21.0% 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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