C Sun Manufacturing Ltd (2467) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of C Sun Manufacturing Ltd TWD 84.68, price TWD 529, upside -84.0%, quality 48 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Structural break:
The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
Weakest SetupStrongly overvalued and low quality.
!Fair value 84.68 TWD · Strongly overvalued (−84%)
!Quality 48/100
!Expensive Growth(revenue 5y +8.4 %/yr)
✓Solidly profitable · 16.3% net margin (TTM)
!Low debt · negative free cash flow
·1.04% dividend yield
!Trails peers(5/13)
✓Wide moat65/100
!Evidence only low, so the estimate is less certain
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C Sun Mfg Ltd., together with its subsidiaries, provides various processing equipment in Taiwan, China, and internationally.
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C Sun Mfg Ltd., together with its subsidiaries, provides various processing equipment in Taiwan, China, and internationally. It offers printed circuit board processing equipment, including exposure systems, preheaters, laminators/coaters, Mylar peelers, and other equipment; touch panel processing equipment; semiconductor processing equipment, such as plasma equipment, and peelers and laminators; and equipment for shoes, paintings, and consumables. The company also provides equipment for electronics, liquid crystal displays, textiles, plastics, rubber, printing, chemicals, and aerospace; industrial box and tunnel ovens, UV drying and exposure equipment, automatic equipment, and plasma cleaning equipment; hot air oven; stabilizer oven; and automated priming machine products. It serves customers in industries such as electronics, semiconductors, liquid crystal displays, printed circuit boards, textiles, plastics, rubber, printing, chemicals, and aerospace. The company distributes its products to approximately 20 countries, including Japan, the United States, South Korea, Singapore, Malaysia, Vietnam, Thailand, and India. C Sun Mfg Ltd. was founded in 1966 and is headquartered in New Taipei City, Taiwan.
Stock analysis
C Sun Manufacturing Ltd (2467) currently trades at 529.00 TWD, while our model-based Fair Value estimate is 84.68 TWD, implying the stock looks roughly 524.6% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 103.68 TWD per share, and 0 of the 14 models we run sit above the 529.00 TWD price.
Bear case: the Asset-Based group reads lowest at 28.64 TWD, and 14 of the 14 models stay below the price. Evidence for this calculation is low.
Scenario range: 60.14 TWD (bear) to 109.22 TWD (bull), the price of 529.00 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 48/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
C Sun Manufacturing Ltd reported revenue of 6.1B TWD in FY2025 versus 5.7B TWD in FY2021, a compound +1.6%/yr. Reported net income was 831M TWD in FY2025, compounding +5.9%/yr from FY2021.
Key figures
Market cap 80.1B TWD (≈ $2.5B) · P/E ratio 103.9 · P/S ratio 14.1 · EPS (TTM) 5.09 TWD · Dividend yield 1.0% · Net margin 13.6% · Return on equity 14.6% · Return on assets (EBIT) 8.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 21% below its 52-week high and 211% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −49% fair-value upside, at −84%, 2467 screens richer than that median.
Fair Value models
Bear 60.14 TWDFair Value 84.68 TWDBull 109.22 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.
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.49/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+26.6%
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.
+4.4%
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.
+8.4%
Start year 2020 (pandemic). Over 10 years: +6.1% a year
Revenue growth 22 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.
+7.2%
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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.
+15.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+14.4%
Dividend (yield on the price)1.0%
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.14% vs 15%, steady
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.18% → 15%
Compare C Sun Manufacturing Ltd with another stock
Price, fair value, quality and upside side by side.
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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.Specialty Industrial Machinery · 832 stocks
Beats the industry median on 5/13 measures
Overall it trails its industry peers.
Valuation
Quality Score48 · Below median
Fair Value upside−84% · Bottom 25%
Profitability
Return on equity (TTM)19% · Top 25%
Return on assets5% · Above median
Net margin (TTM)16% · Top 25%
Operating margin (TTM)24% · Top 25%
Growth and dividend
Revenue growth73% · Top 25%
Dividend yield (TTM)1.0% · Below median
Balance sheet
Debt / equity0.28× · Above median
Valuation Multiplesvs Specialty Industrial Machinery median · lower = cheaper
P/E (TTM)103.9× · Priciest 25%
P/B12.08× · Priciest 25%
P/S (TTM)11.20× · Priciest 25%
EV/EBITDA59.6× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 22
PAST (return on equity)75· sector 28
HEALTH (low debt)86· sector 95
DIVIDEND (yield)21· sector 24
VALUE 0: the price sits above our fair-value range.
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). "C Sun Manufacturing Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2467
Frequently asked questions
Is C Sun Manufacturing Ltd (2467) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 84.68 TWD versus a price of 529.00 TWD, about −84% upside (overvalued).
What is the fair value of 2467?
Our model-based fair value for C Sun Manufacturing Ltd is 84.68 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 529.00 TWD.
What is the quality score of 2467?
C Sun Manufacturing Ltd has a Quality Score of 48/100. 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 C Sun Manufacturing Ltd (2467)?
Our model-based price target is the fair value of 84.68 TWD (as of Sep 24, 2026) from 14 valuation models. Cautious scenario 60.14 TWD, optimistic scenario 109.22 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the C Sun Manufacturing Ltd stock forecast for 2026?
Our models put fair value at 84.68 TWD, about −84% upside versus a price of 529.00 TWD (overvalued). Cautious scenario 60.14 TWD, optimistic scenario 109.22 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of C Sun Manufacturing Ltd (2467)?
C Sun Manufacturing Ltd reported trailing-twelve-month revenue of about 6.1B TWD (latest available figure, as of Sep 24, 2026).
Does C Sun Manufacturing Ltd pay a dividend?
C Sun Manufacturing Ltd currently shows a dividend yield of about 1.04% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of C Sun Manufacturing Ltd (2467)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For C Sun Manufacturing Ltd it is 84.68 TWD per share (as of Sep 24, 2026), against a price of 529.00 TWD. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is C Sun Manufacturing Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 2467 trades above its calculated fair value: price 529.00 TWD, fair value 84.68 TWD, a gap of about −84% (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 2467?
No. The price is what the market pays today (529.00 TWD); the fair value is what the company's own numbers justify (84.68 TWD). For C Sun Manufacturing Ltd the two are 444.32 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is C Sun Manufacturing Ltd worth?
The market values C Sun Manufacturing Ltd at about 80.1B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 529.00 TWD; our models calculate a fair value of 84.68 TWD per share.
What do the bullish and bearish scenarios say about 2467?
Our models span a range for C Sun Manufacturing Ltd: cautious scenario 60.14 TWD, base 84.68 TWD, optimistic 109.22 TWD per share (as of Sep 24, 2026, price 529.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2467?
C Sun Manufacturing Ltd trades at a price-to-earnings ratio of 103.9 (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 84.68 TWD is built from several models across several years. Other multiples: P/B 12.1, P/S 11.2, EV/EBITDA 59.6.
How solid is the balance sheet of C Sun Manufacturing Ltd (2467)?
Balance-sheet figures for C Sun Manufacturing Ltd (as of Sep 24, 2026): return on equity 18.8%, debt of 0.28 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is 2467 from its 52-week high?
C Sun Manufacturing Ltd trades at 529.00 TWD, about 21% below its 52-week high of 668.00 TWD and 211% above the low of 170.00 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 84.68 TWD is for.
Which stocks are comparable to C Sun Manufacturing Ltd?
From the same area (Industrials) we also value GE Vernova Inc, SIE, Eaton Corporation, Parker-Hannifin 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 C Sun Manufacturing Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 529.00 TWD, calculated fair value 84.68 TWD (−84%), Quality Score 48/100, from 14 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 2467 calculated?
We run C Sun Manufacturing Ltd through 14 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 84.68 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. C Sun Manufacturing Ltd 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 C Sun Manufacturing Ltd (2467)?
The closing price on Sep 24, 2026 was 529.00 TWD. Our model-based fair value is 84.68 TWD, about −84% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with C Sun Manufacturing Ltd right now?
The price sits above even our optimistic bull case (109.22 TWD). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (60.14 TWD to 109.22 TWD) leaves room in how you read the outcome.
Where does the earnings growth of C Sun Manufacturing Ltd (2467) come from?
Earnings per share at C Sun Manufacturing Ltd grew +13.8 % a year from 2014 to 2025. Broken into its drivers: revenue per share +3.5 %, EBIT margin +10.1 %, tax rate −1.2 %, residual (interest, one-offs) +1.1 %. 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 C Sun Manufacturing Ltd
How large is the market capitalisation of C Sun Manufacturing Ltd (2467)?
The market capitalisation of C Sun Manufacturing Ltd is 80.1B TWD (≈ $2.5B). 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 C Sun Manufacturing Ltd (2467)?
The price-to-sales ratio of C Sun Manufacturing Ltd is 14.1 (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 C Sun Manufacturing Ltd (2467)?
Earnings per share at C Sun Manufacturing Ltd are 5.09 TWD (price ÷ EPS = P/E 103.9). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of C Sun Manufacturing Ltd (2467)?
The dividend yield of C Sun Manufacturing Ltd is 1.0% (payout 108%). 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 C Sun Manufacturing Ltd (2467)?
The net margin of C Sun Manufacturing Ltd is 13.6% (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 C Sun Manufacturing Ltd (2467)?
The return on equity (ROE) of C Sun Manufacturing Ltd is 14.6% (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 C Sun Manufacturing Ltd (2467)?
On an EBIT basis the return on assets of C Sun Manufacturing Ltd is 8.2% (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 C Sun Manufacturing Ltd (2467)?
The operating margin of C Sun Manufacturing Ltd is 15.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at C Sun Manufacturing Ltd (2467)?
Revenue at C Sun Manufacturing Ltd is growing +30.8% versus a year earlier (3y avg +4.4%). 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 C Sun Manufacturing Ltd (2467)?
Earnings per share at C Sun Manufacturing Ltd are growing +31.2% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does C Sun Manufacturing Ltd (2467) generate?
The free cash flow of C Sun Manufacturing Ltd is −799M 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 C Sun Manufacturing Ltd (2467) carry?
The net debt of C Sun Manufacturing Ltd is 2.1B 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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