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C Sun Mfg Ltd (2467) Fair Value & Analysis

Industrials · TW · Market cap 83.5B TWD

CS C Sun Mfg Ltd 2467 · TW
Price500.00 TWD
Fair Value84.68 TWD
Upside-83.1%
Quality48/100
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Expensive Growth
Solidly profitable · 16.3% net margin
Low debt · negative free cash flow
1.04% dividend yield
Trails peers (5/13)
Wide moat 65/100
Evidence: Medium Range 60.14 TWD – 109.22 TWD Share as image

Fair value as of: Jul 23, 2026

From 14 valuation models · updated 18 days ago

Fair value updated Jul 23, 2026, revised from 84.74 TWD to 84.68 TWD (−0.1%) since Jul 7, 2026. Share price −9.4% over the past month.

Below-average quality, and screening another 83% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (109.22 TWD). The favourable scenario is already priced in.
  • 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.
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Price vs Fair Value (5 years)

668.00 TWD 33.68 TWD Fair Value 84.68 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 33.68 TWD – 668.00 TWD · fair‑value band 60.14 TWD – 109.22 TWD · the 500.00 TWD price screens above the 84.68 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

Full chart & analysis →

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Analysis

C Sun Mfg Ltd (2467) currently trades at 500.00 TWD, while our model-based Fair Value estimate is 84.68 TWD, implying the stock looks roughly 83.1% overvalued today. The Quality Score stands at 48/100 (below-average quality), in the Industrials 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: medium).

Over the trailing twelve months, C Sun Mfg Ltd generated revenue of 6.1B TWD at a net margin of 13.6%. Revenue grew 30.8% year over year. It earns a return on equity of 14.6%. Net debt stands at 2.1B TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 60.14 TWD (bear case) to 109.22 TWD (bull case); at 500.00 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 28% below its 52-week high and 255% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -83%, 2467 screens richer 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
Residual Income 40.32 TWD 48.92 TWD 105.25 TWD 76
ROIC Compounder 40.60 TWD 50.40 TWD 64.55 TWD 72
Growth-Adj P/E 72.58 TWD 103.68 TWD 134.78 TWD 68
All 14 models by family
Earnings-Based
Graham-Dodd 36.92 TWD 123.70 TWD 165.68 TWD 54
Lynch FV 28.12 TWD 40.18 TWD 52.23 TWD 50
PEG = 1.0 28.12 TWD 40.18 TWD 52.23 TWD 46
EPV 40.60 TWD 47.34 TWD 53.23 TWD 59
Multiples
P/E Multiple 85.51 TWD 114.02 TWD 142.52 TWD 63
P/S Multiple 59.84 TWD 79.78 TWD 99.73 TWD 58
P/B Multiple 69.23 TWD 92.30 TWD 115.38 TWD 55
EV/EBIT 73.78 TWD 98.32 TWD 122.86 TWD 53
EV/EBITDA 62.19 TWD 82.86 TWD 103.54 TWD 54
EV/Revenue 50.43 TWD 71.97 TWD 93.51 TWD 43
Asset-Based
NCAV (Graham) 21.38 TWD 28.64 TWD 42.75 TWD 50
Economic Profit
Residual Income 40.32 TWD 48.92 TWD 105.25 TWD 76
ROIC Compounder 40.60 TWD 50.40 TWD 64.55 TWD 72
Growth Earnings
Growth-Adj P/E 72.58 TWD 103.68 TWD 134.78 TWD 68

Widest divergence: Growth Earnings (103.68 TWD) versus Asset-Based (28.64 TWD). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 6.1B TWD
Revenue growth (YoY) +30.8%
Net margin 13.6%
Return on equity 14.6%
Free cash flow −799M TWD FY2025
P/E ratio 108.4
More key figures
Operating margin 15.9%
EPS (TTM) 5.09 TWD
Dividend yield 1.0%
EPS growth (YoY) +31.2%
Net debt 2.1B TWD FY2025

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

Quality Score breakdown

Overall quality 48/100

Of which business quality 48 · Market factors (momentum, volatility) 71

Profitability 42
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 30
Earnings quality: real cash, not paper profit
Fin. Strength 76
Balance sheet, leverage, solvency risk
Investment 0
Disciplined investing over empire-building
Low Volatility 49
Calm price path (market factor)
Momentum 78
Price trend over the last 3–12 months (market factor)
52W Momentum 83
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

C Sun Mfg Ltd., together with its subsidiaries, provides various processing equipment in Taiwan, China, and internationally.

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

C Sun Mfg 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.

Growth Quality 49/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
6.1B TWD
Latest YoY
+26.6%
Avg. growth/yr (3Y)
+4.4%
Avg. growth/yr (5Y)
+8.4%
Avg. growth/yr (22Y)
+7.2%
Revenue +1.6%/yr
FY21 5.7B TWD
FY22 5.4B TWD
FY23 3.6B TWD
FY24 4.8B TWD
FY25 6.1B TWD
Net income +5.9%/yr
FY21 660M TWD
FY22 719M TWD
FY23 486M TWD
FY24 719M TWD
FY25 831M TWD

2467 screens 83% overvalued. Compare with GE Vernova Inc →

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Cite: Fair Value Calculator (2026). "C Sun Mfg Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2467

Peer Group

Specialty Industrial Machinery · 809 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 48 · Below median
Fair Value upside −83% · Bottom 25%
Return on equity (TTM) 19% · Top 25%
Return on assets 5% · Above median
Net margin (TTM) 16% · Top 25%
Operating margin (TTM) 24% · Top 25%
Revenue growth 73% · Top 25%
Dividend yield (TTM) 1.0% · Below median
Debt / equity 0.28× · Higher than median

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 107.3× · Pricier than 75% of peers
P/B 12.77× · Pricier than 75% of peers
P/S (TTM) 11.84× · Pricier than 75% of peers
EV/EBITDA 63.0× · Pricier 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 0 · sector 0
FUTURE 100 · sector 23
PAST 75 · sector 28
HEALTH 86 · sector 96
DIVIDEND 21 · sector 24

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 Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
GE Vernova Inc 1GEV €887.60 €186.93 -79%
1SIE 1SIE €273.20 €91.93 -66%
SMNS SMNS C$31.76 C$22.68 -29%
Eaton Corporation ETN $407.28 $171.92 -58%
Atlas Copco AB ATCOA kr 195.15 kr 112.59 -42%
Sandvik AB SAND kr 384.10 kr 193.01 -50%
Doosan Enerbility Co 034020 76,400 KRW 7,938 KRW -90%
Vestas Wind Systems A/S VWS kr 178.10 kr 124.54 -30%
Zhejiang Sanhua Intelligent Controls Co 002050 ¥43.20 ¥22.68 -48%
NARI Technology Co 600406 ¥22.19 ¥18.71 -16%

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Frequently asked questions

Is C Sun Mfg Ltd (2467) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 84.68 TWD versus a price of 500.00 TWD, about −83% (overvalued).
What is the fair value of 2467?
Our model-based fair value for C Sun Mfg Ltd is 84.68 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 500.00 TWD.
What is the quality score of 2467?
C Sun Mfg 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 revenue of C Sun Mfg Ltd (2467)?
C Sun Mfg Ltd reported trailing-twelve-month revenue of about 6.1B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 2467?
The net profit margin of C Sun Mfg Ltd is about 13.6%, meaning it keeps roughly 13.6% of revenue as net income. Based on the latest reported figures.
Does C Sun Mfg Ltd pay a dividend?
C Sun Mfg Ltd currently shows a dividend yield of about 1.04% 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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