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Cheng Uei Precision Industry Co Ltd (2392) Fair Value & Analysis

Technology · TW · Market cap 17.0B TWD

CU Cheng Uei Precision Industry Co Ltd 2392 · TW
Price43.05 TWD
Fair Value54.84 TWD
Upside+27.4%
Quality33/100
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Weak Growth
Loss-making · -3.6% net margin
Moderate debt · negative free cash flow
2.78% dividend yield
Mixed vs. peers (4/10)
Narrow moat 16/100
Evidence: Low Range 26.11 TWD – 91.55 TWD Share as image

Fair value as of: Aug 13, 2026

From 3 valuation models · updated 3 days ago

Fair value updated Aug 13, 2026, revised from 63.11 TWD to 54.84 TWD (−13.1%) since Jul 23, 2026. Share price +21.2% over the past month.

Below-average quality, screening 27% undervalued on our models.

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What matters now

  • The model range is unusually wide (26.11 TWD to 91.55 TWD). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
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Price vs Fair Value (5 years)

90.00 TWD 28.39 TWD Fair Value 54.84 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 28.39 TWD – 90.00 TWD · fair‑value band 26.11 TWD – 91.55 TWD · the 43.05 TWD price screens below the 54.84 TWD fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Cheng Uei Precision Industry Co Ltd (2392) currently trades at 43.05 TWD, while our model-based Fair Value estimate is 54.84 TWD, implying the stock looks roughly 27.4% undervalued today. The Quality Score stands at 33/100 (below-average quality), in the Technology 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: low), always confirm before acting.

Over the trailing twelve months, Cheng Uei Precision Industry Co Ltd generated revenue of 93.9B TWD at a net margin of -3.6%. Revenue declined 5.1% year over year. It earns a return on equity of -49.7%. Net debt stands at 52.4B TWD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 26.11 TWD (bear case) to 91.55 TWD (bull case); at 43.05 TWD, the current price sits within 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 30% below its 52-week high and 33% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at 27%, 2392 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 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
Highest evidence
Gordon GGM 25.41 TWD 51.94 TWD 83.81 TWD 70
DDM Multi-Stage 25.41 TWD 39.22 TWD 54.02 TWD 61
NCAV (Graham) 23.78 TWD 31.86 TWD 47.56 TWD 50
All 3 models by family
Dividend Discount
Gordon GGM 25.41 TWD 51.94 TWD 83.81 TWD 70
DDM Multi-Stage 25.41 TWD 39.22 TWD 54.02 TWD 61
Asset-Based
NCAV (Graham) 23.78 TWD 31.86 TWD 47.56 TWD 50

Widest divergence: Dividend Discount (39.22 TWD) versus Asset-Based (31.86 TWD). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Revenue (TTM) 93.9B TWD
Revenue growth (YoY) -5.1%
Net margin -3.6%
Return on equity -49.7%
Free cash flow −13.9B TWD FY2025
Operating margin 10.0%
More key figures
EPS (TTM) -6.62 TWD
Dividend yield 2.8%
EPS growth (YoY) -67.1%
Net debt 52.4B TWD FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 33/100

Of which business quality 31 · Market factors (momentum, volatility) 42

Profitability 13
Margins and returns on capital today
Quality Growth 16
Are margins and returns improving?
Cashflow 11
Earnings quality: real cash, not paper profit
Fin. Strength 17
Balance sheet, leverage, solvency risk
Investment 69
Disciplined investing over empire-building
Low Volatility 68
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 22
Distance to the 52-week high (market factor)
Net Issuance 93
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

Cheng Uei Precision Industry Co., Ltd. designs, manufactures, processes, assembles, and sells plastic injection molding products and their components, molds, electronic connectors, precision terminals, electronic wires and parts, and chargers worldwide.

Full company description

Cheng Uei Precision Industry Co., Ltd. designs, manufactures, processes, assembles, and sells plastic injection molding products and their components, molds, electronic connectors, precision terminals, electronic wires and parts, and chargers worldwide. The company offers pogo pins, battery and HDMI connectors, type C receptacle and plugs, 2.0 and 3.0 USBs, micro USBs, audio jacks, and stampings; single and double-side, multi and rigid-flex, and automotive FPC products; and automotive, battery, and battery management system products. It also provides USB, mini coaxial, thunderbolt, lightning, HDMI, mouse, monitor cables, and dongles; USB, face authentication, compact, and 3D camera modules. In addition, it offers adapter shell, connector parts, charger shells, USB storage, and double injection parts. Further, it provides game controllers, dock stations, webcams, wireless mouse products, automobile gadgets, remote controls, and card readers; and wired headsets and headphones, wireless headphones, speakers, and wireless audio adapters. Additionally, it offers power banks, adapters, and batteries; wrist bands, smart watches, HRM headsets, blood pressure monitors, and healthcare devices; smart sensors; customize app on iOS and android; customize cloud service; computer memory modules, and flash memory storage devices, peripherals, and automotive electronic products; internet of things embedded with electronics, software, sensors, and actuators; power plant investment and development; clean energy services; and LCD monitors, MFPs, scanners, LCD projectors, and printing devices; power supply cord sets, AC extension cords, traveler kits, and adaptor plugs; optical lens for mobile phones, NB, PC, projector, automobiles, etc., as well as operates an Apple retail store. It serves information, communication, automation equipment, and consumer electronics sectors. Cheng Uei Precision Industry Co., Ltd. was incorporated in 1986 and is headquartered in New Taipei City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Cheng Uei Precision Industry Co Ltd reported revenue of 95.0B TWD in FY2025 versus 86.8B TWD in FY2021, a compound +2.3%/yr. Reported net income was −3.1B TWD in FY2025.

Growth Quality 8/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
95.0B TWD
Latest YoY
−3.4%
Avg. growth/yr (3Y) 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.
+0.3%
Avg. growth/yr (5Y) 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.
+1.2%
Avg. growth/yr (25Y) 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.
+12.8%
Revenue +2.3%/yr
FY21 86.8B TWD
FY22 94.1B TWD
FY23 90.6B TWD
FY24 98.4B TWD
FY25 95.0B TWD
Net income
FY21 1.3B TWD
FY22 2.1B TWD
FY23 1.5B TWD
FY24 1.7B TWD
FY25 −3.1B TWD
Character of growth · EPS growth decomposed (2014-2025) +2.4 % p.a.
Revenue per share +0.8 pp

of which total revenue −0.3 pp · buybacks/dilution +1.1 pp

EBIT margin +18.4 pp
Tax rate −1.2 pp
Residual (interest, one-offs) −15.6 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Cheng Uei Precision Industry Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2392

Peer Group

Electronic Components · 645 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 33 · Bottom 25%
Fair Value upside +27% · Top 25%
Return on assets -7% · Bottom 25%
Net margin (TTM) -4% · Bottom 25%
Operating margin (TTM) 10% · Above median
Revenue growth -5% · Below median
Dividend yield (TTM) 2.8% · Top 25%
Debt / equity 0.82× · Higher than 75% of peers

Valuation Multiples vs Electronic Components median · lower = cheaper

PEG 0.32× · Cheaper than 75% of peers

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 70 · sector 0
FUTURE 0 · sector 36
PAST 0 · sector 24
HEALTH 59 · sector 95
DIVIDEND 56 · sector 26

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 Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,790 TWD 602.37 TWD -66%
Luxshare Precision Industry Co 002475 ¥56.06 ¥38.44 -31%
Samsung Electro-Mechanics Co 009150 1,503,000 KRW 172,954 KRW -88%
Suzhou Dongshan Precision Manufacturing Co 002384 ¥202.11 ¥21.19 -90%
Shengyi Technology Co 600183 ¥143.23 ¥36.30 -75%
Shennan Circuits Co 002916 ¥385.80 ¥125.52 -67%
Victory Giant Technology (HuiZhou) Co 2476 HK$238.60 HK$75.68 -68%
Kingboard Laminates Holdings 1888 HK$38.70 HK$8.95 -77%
Asia Vital Components Co 3017 2,910 TWD 1,369 TWD -53%
Nan Ya Printed Circuit Board Corporation 8046 1,215 TWD 1,768 TWD +46%

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Frequently asked questions

Is Cheng Uei Precision Industry Co Ltd (2392) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 54.84 TWD versus a price of 43.05 TWD, about +27% (undervalued).
What is the fair value of 2392?
Our model-based fair value for Cheng Uei Precision Industry Co Ltd is 54.84 TWD (as of Aug 13, 2026), built from audited fundamentals. The current price is 43.05 TWD.
What is the quality score of 2392?
Cheng Uei Precision Industry Co Ltd has a Quality Score of 33/100. 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 Cheng Uei Precision Industry Co Ltd (2392)?
Cheng Uei Precision Industry Co Ltd reported trailing-twelve-month revenue of about 93.9B TWD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 2392?
The net profit margin of Cheng Uei Precision Industry Co Ltd is about -3.6%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Cheng Uei Precision Industry Co Ltd pay a dividend?
Cheng Uei Precision Industry Co Ltd currently shows a dividend yield of about 2.61% relative to its recent price (as of Aug 13, 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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