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Chin-Poon Industrial Co (2355) Fair Value & Analysis

Technology · TW · Market cap 17.2B TWD

CP Chin-Poon Industrial Co 2355 · TW
Price40.45 TWD
Fair Value27.14 TWD
Upside-32.9%
Quality54/100
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Weak Growth
Thin margins · 4.2% net margin
Low debt · generates free cash flow
2.35% dividend yield
Ranks above peers (9/14)
Narrow moat 31/100
Evidence: High Range 20.35 TWD – 33.92 TWD Share as image

Fair value as of: Jul 23, 2026

From 22 valuation models · updated 18 days ago

Share price −19.1% over the past month.

A solid business, but screening 33% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (33.92 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (54/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

65.42 TWD 20.27 TWD Fair Value 27.14 TWD Mar 2021 Aug 2026

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 20.27 TWD – 65.42 TWD · fair‑value band 20.35 TWD – 33.92 TWD · the 40.45 TWD price screens above the 27.14 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

Full chart & analysis →

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Analysis

Chin-Poon Industrial Co (2355) currently trades at 40.45 TWD, while our model-based Fair Value estimate is 27.14 TWD, implying the stock looks roughly 32.9% overvalued today. The Quality Score stands at 54/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Chin-Poon Industrial Co generated revenue of 16.0B TWD at a net margin of 4.2%. Revenue grew 5.6% year over year. It earns a return on equity of 3.8%. The balance sheet holds a net cash position of 1.0B TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 20.35 TWD (bear case) to 33.92 TWD (bull case); at 40.45 TWD, the current price sits above 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 43% below its 52-week high and 42% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at -33%, 2355 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 BearBaseBull Evidence
Highest evidence
Growth DCF 26.75 TWD 34.31 TWD 47.43 TWD 80
Residual Income 32.09 TWD 31.55 TWD 27.83 TWD 76
Rev-Margin DCF 19.57 TWD 25.07 TWD 32.00 TWD 74
All 22 models by family
DCF Models
FCF DCF 25.83 TWD 33.61 TWD 48.24 TWD 38
Owner Earnings 19.35 TWD 24.63 TWD 34.58 TWD 31
5Y Revenue Exit 19.57 TWD 24.60 TWD 31.93 TWD 39
5Y EBITDA Exit 29.93 TWD 42.46 TWD 59.16 TWD 41
5Y P/E Exit 26.00 TWD 35.68 TWD 47.34 TWD 38
10Y Revenue Exit 21.57 TWD 25.68 TWD 29.98 TWD 36
10Y EBITDA Exit 28.16 TWD 36.85 TWD 46.25 TWD 37
10Y P/E Exit 25.77 TWD 32.61 TWD 39.19 TWD 35
Earnings-Based
Graham-Dodd 10.86 TWD 14.08 TWD 16.11 TWD 54
EPV 11.36 TWD 12.32 TWD 13.16 TWD 59
Multiples
P/E Multiple 23.95 TWD 31.93 TWD 39.91 TWD 63
P/S Multiple 20.35 TWD 27.14 TWD 33.92 TWD 58
P/B Multiple 20.35 TWD 27.14 TWD 33.92 TWD 55
EV/EBIT 21.90 TWD 27.33 TWD 32.77 TWD 53
EV/EBITDA 36.98 TWD 47.44 TWD 57.90 TWD 54
EV/Revenue 16.58 TWD 21.29 TWD 26.00 TWD 43
Asset-Based
NCAV (Graham) 21.73 TWD 29.12 TWD 43.46 TWD 50
Growth DCF
Growth DCF 26.75 TWD 34.31 TWD 47.43 TWD 80
Rev-Margin DCF 19.57 TWD 25.07 TWD 32.00 TWD 74
Economic Profit
Residual Income 32.09 TWD 31.55 TWD 27.83 TWD 76
ROIC Compounder 11.36 TWD 12.32 TWD 13.16 TWD 72
Growth Earnings
Growth-Adj P/E 16.94 TWD 24.20 TWD 31.46 TWD 68

Widest divergence: DCF Models (32.61 TWD) versus Earnings-Based (12.32 TWD). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 16.0B TWD
Revenue growth (YoY) +5.6%
Net margin 4.2%
Return on equity 3.8%
Free cash flow 823M TWD FY2025
P/E ratio 38.7
More key figures
Operating margin 4.8%
EPS (TTM) 1.59 TWD
Dividend yield 1.7%
EPS growth (YoY) +19.2%
Net cash 1.0B TWD FY2025

Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 54/100

Of which business quality 55 · Market factors (momentum, volatility) 54

Profitability 28
Margins and returns on capital today
Quality Growth 16
Are margins and returns improving?
Cashflow 50
Earnings quality: real cash, not paper profit
Fin. Strength 77
Balance sheet, leverage, solvency risk
Investment 85
Disciplined investing over empire-building
Low Volatility 49
Calm price path (market factor)
Momentum 59
Price trend over the last 3–12 months (market factor)
52W Momentum 50
Distance to the 52-week high (market factor)
Net Issuance 82
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

Chin-Poon Industrial Co., Ltd. engages in the manufacturing, processing, and selling of printed circuit boards (PCBs) and electronic materials. The company provides single-sided, double-sided, high frequency, multilayer, metal base and pedestal, HDI and IVH, heavy copper, flexible, and Cu inlay and Busbar PCBs. Chin-Poon Industrial Co., Ltd.

Full company description

Chin-Poon Industrial Co., Ltd. engages in the manufacturing, processing, and selling of printed circuit boards (PCBs) and electronic materials. The company provides single-sided, double-sided, high frequency, multilayer, metal base and pedestal, HDI and IVH, heavy copper, flexible, and Cu inlay and Busbar PCBs. Chin-Poon Industrial Co., Ltd. was incorporated in 1979 and is headquartered in Taoyuan City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Chin-Poon Industrial Co reported revenue of 15.8B TWD in FY2025 versus 18.2B TWD in FY2021, a compound −3.5%/yr. Reported net income was 634M TWD in FY2025, compounding +17.1%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
15.8B TWD
Latest YoY
−3.5%
Avg. growth/yr (3Y)
−3.6%
Avg. growth/yr (5Y)
+0.6%
Avg. growth/yr (25Y)
+3.8%
Revenue −3.5%/yr
FY21 18.2B TWD
FY22 17.6B TWD
FY23 16.7B TWD
FY24 16.4B TWD
FY25 15.8B TWD
Net income +17.1%/yr
FY21 338M TWD
FY22 497M TWD
FY23 763M TWD
FY24 1.1B TWD
FY25 634M TWD

2355 screens 33% overvalued. Compare with Delta Electronics, Inc →

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Cite: Fair Value Calculator (2026). "Chin-Poon Industrial Co Fair Value". https://www.fairvalue-calculator.com/stock/2355

Peer Group

Electronic Components · 626 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 54 · Above median
Fair Value upside −33% · Above median
Return on equity (TTM) 4% · Below median
Return on assets 1% · Below median
Net margin (TTM) 4% · Below median
Operating margin (TTM) 5% · Below median
Revenue growth 6% · Below median
Dividend yield (TTM) 2.4% · Above median
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 27.2× · Cheaper than median
P/B 1.00× · Cheaper than 75% of peers
P/S (TTM) 1.07× · Cheaper than median
P/FCF 0.6× · Cheaper than median
EV/EBITDA 11.5× · Cheaper than median

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 0 · sector 0
FUTURE 28 · sector 32
PAST 15 · sector 24
HEALTH 99 · sector 95
DIVIDEND 47 · sector 25

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

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 Electronic Components stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,880 TWD 515.23 TWD -73%
Hon Hai Precision Industry Co 2317 242.50 TWD 270.47 TWD +12%
Luxshare Precision Industry Co 002475 ¥62.14 ¥38.44 -38%
Samsung Electro-Mechanics Co 009150 1,260,000 KRW 166,421 KRW -87%
Elite Material Co 2383 4,990 TWD 714.36 TWD -86%
Yageo Corporation 2327 699.00 TWD 216.55 TWD -69%
Shengyi Technology Co 600183 ¥132.29 ¥27.45 -79%
Shennan Circuits Co 002916 ¥364.00 ¥93.50 -74%
Victory Giant Technology (HuiZhou) Co 2476 HK$297.00 HK$103.98 -65%
Wus Printed Circuit (Kunshan) Co 002463 ¥127.80 ¥31.95 -75%

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Frequently asked questions

Is Chin-Poon Industrial Co (2355) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 27.14 TWD versus a price of 40.45 TWD, about −33% (overvalued).
What is the fair value of 2355?
Our model-based fair value for Chin-Poon Industrial Co is 27.14 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 40.45 TWD.
What is the quality score of 2355?
Chin-Poon Industrial Co has a Quality Score of 54/100. 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 Chin-Poon Industrial Co (2355)?
Chin-Poon Industrial Co reported trailing-twelve-month revenue of about 16.0B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 2355?
The net profit margin of Chin-Poon Industrial Co is about 4.2%, meaning it keeps roughly 4.2% of revenue as net income. Based on the latest reported figures.
Does Chin-Poon Industrial Co pay a dividend?
Chin-Poon Industrial Co currently shows a dividend yield of about 1.70% relative to its recent price (as of Jul 23, 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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