Chicony Electronics Co Ltd (2385) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Chicony Electronics Co Ltd TWD 178, price TWD 105, upside +70.3%, quality 47 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Chicony Electronics Co Ltd for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
Chicony Electronics Co., Ltd. engages in the manufacture and sale of electronic parts and components in Taiwan and internationally.
Show more
Chicony Electronics Co., Ltd. engages in the manufacture and sale of electronic parts and components in Taiwan and internationally. It produces and sells computer peripherals, engages in overseas mergers, acquisition, and management; import and export of power supplies and related products; researches, develops, manufactures and sells communication products; and e-commerce software services. Chicony Electronics Co., Ltd. was incorporated in 1983 and is headquartered in New Taipei City, Taiwan.
Stock analysis
Chicony Electronics Co Ltd (2385) currently trades at 104.50 TWD, while our model-based Fair Value estimate is 177.95 TWD, implying the stock looks roughly 41.3% undervalued today.
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of 209.35 TWD per share, and 22 of the 26 models we run sit above the 104.50 TWD price.
Bear case: the Asset-Based group reads lowest at 40.50 TWD, and 4 of the 26 models stay below the price. Evidence for this calculation is medium.
Scenario range: 123.60 TWD (bear) to 255.81 TWD (bull), the price of 104.50 TWD sits below 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 47/100 (below-average quality), in the Technology sector.
Weak Growth: Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Chicony Electronics Co Ltd reported revenue of 95.7B TWD in FY2025 versus 107B TWD in FY2021, a compound −2.9%/yr. Reported net income was 6.6B TWD in FY2025, compounding +1.7%/yr from FY2021.
Key figures
Market cap 88.4B TWD (≈ $2.8B) · P/E ratio 11.7 · P/S ratio 0.81 · EPS (TTM) 8.93 TWD · Dividend yield 6.9% · Net margin 6.9% · Return on equity 15.5% · Return on assets (EBIT) 10.5%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 51 out of 100 (low confidence).
What moves the price
The share trades about 25% below its 52-week high and 3% 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 70%, 2385 screens cheaper than that median.
Fair Value models
Bear 123.60 TWDFair Value 177.95 TWDBull 255.81 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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (1.27 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.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.
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.40/100
Growth has flattened: the last year, three and five years all grew more slowly than the long-term average.
Revenue growth 1 year
−5.7%
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.
−6.2%
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.
+0.1%
Start year 2020 (pandemic). Over 10 years: +1.7% a year
Revenue growth 25 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.
+9.4%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in TWD ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in TWD: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+5.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year−1.3%
Dividend (yield on the price)6.9%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−1% vs 3%, slowing
Profit margin 2020 to 2025 ⓘ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.9% → 8%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes about as much growth as the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
−0.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+3.9%
Yearly sales growth analysts expect, extended to five years.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about −1.9% a year for the price and +2.3% for the forecasts.
Compare Chicony Electronics Co Ltd with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
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.Computer Hardware · 220 stocks
Beats the industry median on 12/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score47 · Below median
Fair Value upside+70% · Top 25%
Profitability
Return on equity (TTM)15% · Top 25%
Return on assets4% · Above median
Net margin (TTM)7% · Above median
Operating margin (TTM)8% · Above median
Growth and dividend
Revenue growth−2% · Below median
Dividend yield (TTM)6.9% · Top 25%
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiplesvs Computer Hardware median · lower = cheaper
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Chicony Electronics Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2385
Frequently asked questions
Is Chicony Electronics Co Ltd (2385) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 177.95 TWD versus a price of 104.50 TWD, about +70% upside (undervalued).
What is the fair value of 2385?
Our model-based fair value for Chicony Electronics Co Ltd is 177.95 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 104.50 TWD.
What is the quality score of 2385?
Chicony Electronics Co Ltd 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 price target for Chicony Electronics Co Ltd (2385)?
Our model-based price target is the fair value of 177.95 TWD (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 123.60 TWD, optimistic scenario 255.81 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Chicony Electronics Co Ltd stock forecast for 2026?
Our models put fair value at 177.95 TWD, about +70% upside versus a price of 104.50 TWD (undervalued). Cautious scenario 123.60 TWD, optimistic scenario 255.81 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Chicony Electronics Co Ltd (2385)?
Chicony Electronics Co Ltd reported trailing-twelve-month revenue of about 95.3B TWD (latest available figure, as of Sep 24, 2026).
Does Chicony Electronics Co Ltd pay a dividend?
Chicony Electronics Co Ltd currently shows a dividend yield of about 6.89% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Chicony Electronics Co Ltd (2385)?
For today's price to be fair in a discounted-cash-flow model, Chicony Electronics Co Ltd would have to grow free cash flow by -0.3 % per year for five years (discount rate 9.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +0.1 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 2385 use?
Our models discount Chicony Electronics Co Ltd at 9.0 %: a base by market capitalisation (mid), damped by beta 0.37, country premium for Taiwan. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Chicony Electronics Co Ltd that is -0.3 % per year a year over ten years, using the same discount rate (9.0 %) and the same formula as our fair value.
How much growth has Chicony Electronics Co Ltd (2385) delivered so far?
Over the past 5 years revenue at Chicony Electronics Co Ltd grew +0.1 % a year. The price currently implies -0.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Chicony Electronics Co Ltd (2385) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Chicony Electronics Co Ltd (-0.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Chicony Electronics Co Ltd (2385)?
The free-cash-flow yield on the price is 6.12 %: that much free cash flow Chicony Electronics Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Chicony Electronics Co Ltd (2385)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Chicony Electronics Co Ltd it is 177.95 TWD per share (as of Sep 24, 2026), against a price of 104.50 TWD. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Chicony Electronics Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 2385 trades below its calculated fair value: price 104.50 TWD, fair value 177.95 TWD, a gap of about +70% (undervalued). 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 2385?
No. The price is what the market pays today (104.50 TWD); the fair value is what the company's own numbers justify (177.95 TWD). For Chicony Electronics Co Ltd the two are 73.45 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Chicony Electronics Co Ltd worth?
The market values Chicony Electronics Co Ltd at about 88.4B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 104.50 TWD; our models calculate a fair value of 177.95 TWD per share.
What do the bullish and bearish scenarios say about 2385?
Our models span a range for Chicony Electronics Co Ltd: cautious scenario 123.60 TWD, base 177.95 TWD, optimistic 255.81 TWD per share (as of Sep 24, 2026, price 104.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2385?
Chicony Electronics Co Ltd trades at a price-to-earnings ratio of 11.7 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 177.95 TWD is built from several models across several years. Other multiples: PEG 5.7, P/B 2.0, P/S 0.9, EV/EBITDA 6.8.
What is the PEG ratio of 2385?
The PEG ratio of Chicony Electronics Co Ltd is 5.66 (P/E divided by earnings growth, as of Sep 24, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Chicony Electronics Co Ltd (2385)?
Balance-sheet figures for Chicony Electronics Co Ltd (as of Sep 24, 2026): return on equity 15.5%, debt of 0.00 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is 2385 from its 52-week high?
Chicony Electronics Co Ltd trades at 104.50 TWD, about 25% below its 52-week high of 139.02 TWD and 3% above the low of 101.00 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 177.95 TWD is for.
Which stocks are comparable to Chicony Electronics Co Ltd?
From the same area (Technology) we also value Dell Technologies Inc, Arista Networks, Inc, Western Digital Corporation, Wiwynn Corporation, 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 Chicony Electronics Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 104.50 TWD, calculated fair value 177.95 TWD (+70%), Quality Score 47/100, from 26 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 2385 calculated?
We run Chicony Electronics Co Ltd through 26 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 177.95 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. Chicony Electronics Co Ltd currently trades 70 % below its own fair value, and the market average says nothing about that. 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 Chicony Electronics Co Ltd (2385)?
The closing price on Sep 24, 2026 was 104.50 TWD. Our model-based fair value is 177.95 TWD, about +70% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Chicony Electronics Co Ltd right now?
The price is below even our cautious bear case (123.60 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. A fairly wide model range (123.60 TWD to 255.81 TWD) leaves room in how you read the outcome.
Where does the earnings growth of Chicony Electronics Co Ltd (2385) come from?
Earnings per share at Chicony Electronics Co Ltd grew +6.7 % a year from 2014 to 2025. Broken into its drivers: revenue per share +1.1 %, EBIT margin +5.0 %, tax rate −0.2 %, residual (interest, one-offs) +0.7 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Chicony Electronics Co Ltd
How large is the market capitalisation of Chicony Electronics Co Ltd (2385)?
The market capitalisation of Chicony Electronics Co Ltd is 88.4B TWD (≈ $2.8B). 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 Chicony Electronics Co Ltd (2385)?
The price-to-sales ratio of Chicony Electronics Co Ltd is 0.81 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Chicony Electronics Co Ltd (2385)?
Earnings per share at Chicony Electronics Co Ltd are 8.93 TWD (price ÷ EPS = P/E 11.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Chicony Electronics Co Ltd (2385)?
The dividend yield of Chicony Electronics Co Ltd is 6.9% (payout 80.6%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Chicony Electronics Co Ltd (2385)?
The net margin of Chicony Electronics Co Ltd is 6.9% (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 Chicony Electronics Co Ltd (2385)?
The return on equity (ROE) of Chicony Electronics Co Ltd is 15.5% (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 Chicony Electronics Co Ltd (2385)?
On an EBIT basis the return on assets of Chicony Electronics Co Ltd is 10.5% (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 Chicony Electronics Co Ltd (2385)?
The operating margin of Chicony Electronics Co Ltd is 7.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Chicony Electronics Co Ltd (2385)?
Revenue at Chicony Electronics Co Ltd is growing −1.8% versus a year earlier (3y avg −6.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Chicony Electronics Co Ltd (2385)?
Earnings per share at Chicony Electronics Co Ltd are growing −8.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Chicony Electronics Co Ltd (2385) hold?
Chicony Electronics Co Ltd holds more cash than debt, 12.3B TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
Free · no account needed
Watch Chicony Electronics Co Ltd in the live analysis
One click puts Chicony Electronics Co Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
