Chenming Mold Industrial Corp (3013) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Chenming Mold Industrial Corp TWD 76.68, price TWD 84.50, upside -9.3%, quality 57 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Chenming Electronic Tech. Corp., an OEM/ODM manufacturer, engages in the research and development, manufacturing, and sale of computer and server cases, server chassis, mobile device components, and molds in Taiwan, China, the United States, and internationally.
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Chenming Electronic Tech. Corp., an OEM/ODM manufacturer, engages in the research and development, manufacturing, and sale of computer and server cases, server chassis, mobile device components, and molds in Taiwan, China, the United States, and internationally. It also offers desktop, server, and notebook subsystems; and clone server, metal parts, and power supply and heat sink units. The company was formerly known as Chenming Mold Ind. Corp. and changed its name to Chenming Electronic Technology Corporation in January 2020. Chenming Electronic Tech. Corp. was founded in 1970 and is headquartered in Taipei, Taiwan.
Stock analysis
Chenming Mold Industrial Corp (3013) currently trades at 84.50 TWD, while our model-based Fair Value estimate is 76.68 TWD, implying the stock looks roughly 10.2% fairly valued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 77.39 TWD per share, and 6 of the 26 models we run sit above the 84.50 TWD price.
Bear case: the Dividend Discount group reads lowest at 9.66 TWD, and 20 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: 40.69 TWD (bear) to 106.31 TWD (bull), the price of 84.50 TWD sits inside 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 57/100 (solid quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Chenming Mold Industrial Corp reported revenue of 10.6B TWD in FY2025 versus 5.3B TWD in FY2021, a compound +18.9%/yr. Reported net income was 827M TWD in FY2025.
Key figures
Market cap 17.3B TWD (≈ $544M) · P/E ratio 21.1 · P/S ratio 1.65 · EPS (TTM) 4.01 TWD · Dividend yield 0.5% · Net margin 7.8% · Return on equity 18.4% · Return on assets (EBIT) 5.5%.
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 40% below its 52-week high and 18% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −30% fair-value upside, at −9%, 3013 screens cheaper than that median.
Fair Value models
Bear 40.69 TWDFair Value 76.68 TWDBull 106.31 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 (2.64 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+12.2%
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.
+17.4%
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.
+11.5%
Start year 2020 (pandemic). Over 10 years: +12.5% a year
Revenue growth 23 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.
+2.3%
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What shareholders gained per year (last 5 years), in TWD (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
+65.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+64.7%
Dividend (yield on the price)0.5%
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.46% vs 19%, picking up
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.2% → 11%
2025 sits 214% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Start year 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
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).
+33.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +31.8% a year for the price.
Compare Chenming Mold Industrial Corp with another stock
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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.Computer Hardware · 219 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside−9% · Above median
Profitability
Return on equity (TTM)18% · Top 25%
Return on assets9% · Top 25%
Net margin (TTM)8% · Above median
Operating margin (TTM)13% · Top 25%
Growth and dividend
Revenue growth22% · Above median
Dividend yield (TTM)0.5% · Bottom 25%
Balance sheet
Debt / equity0.12× · Above median
Valuation Multiplesvs Computer Hardware median · lower = cheaper
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Is Chenming Mold Industrial Corp (3013) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of 76.68 TWD versus a price of 84.50 TWD, about −9% upside (fairly valued).
What is the fair value of 3013?
Our model-based fair value for Chenming Mold Industrial Corp is 76.68 TWD (as of Sep 23, 2026), built from audited fundamentals. The current price: 84.50 TWD.
What is the quality score of 3013?
Chenming Mold Industrial Corp has a Quality Score of 57/100. 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 Chenming Mold Industrial Corp (3013)?
Our model-based price target is the fair value of 76.68 TWD (as of Sep 23, 2026) from 26 valuation models. Cautious scenario 40.69 TWD, optimistic scenario 106.31 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Chenming Mold Industrial Corp stock forecast for 2026?
Our models put fair value at 76.68 TWD, about −9% upside versus a price of 84.50 TWD (fairly valued). Cautious scenario 40.69 TWD, optimistic scenario 106.31 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Chenming Mold Industrial Corp (3013)?
Chenming Mold Industrial Corp reported trailing-twelve-month revenue of about 11.1B TWD (latest available figure, as of Sep 23, 2026).
Does Chenming Mold Industrial Corp pay a dividend?
Chenming Mold Industrial Corp currently shows a dividend yield of about 0.47% relative to its recent price (as of Sep 23, 2026).
What growth is priced into Chenming Mold Industrial Corp (3013)?
For today's price to be fair in a discounted-cash-flow model, Chenming Mold Industrial Corp would have to grow free cash flow by +33.8 % per year for five years (discount rate 9.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +11.5 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of 3013 use?
Our models discount Chenming Mold Industrial Corp at 9.6 %: a base by market capitalisation (large), damped by beta 0.94, 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 Chenming Mold Industrial Corp that is +33.8 % per year a year over ten years, using the same discount rate (9.6 %) and the same formula as our fair value.
How much growth has Chenming Mold Industrial Corp (3013) delivered so far?
Over the past 5 years revenue at Chenming Mold Industrial Corp grew +11.5 % a year. The price currently implies +33.8 % 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 Chenming Mold Industrial Corp (3013) growing?
The median revenue growth in the sector is +8.4 % a year. That is the yardstick for the growth priced into Chenming Mold Industrial Corp (+33.8 % 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 Chenming Mold Industrial Corp (3013)?
The free-cash-flow yield on the price is 1.37 %: that much free cash flow Chenming Mold Industrial Corp produces per unit of market value. When it exceeds the discount rate of our models (9.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Chenming Mold Industrial Corp (3013)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Chenming Mold Industrial Corp it is 76.68 TWD per share (as of Sep 23, 2026), against a price of 84.50 TWD. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Chenming Mold Industrial Corp stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 3013 trades above its calculated fair value: price 84.50 TWD, fair value 76.68 TWD, a gap of about −9% (fairly valued). 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 3013?
No. The price is what the market pays today (84.50 TWD); the fair value is what the company's own numbers justify (76.68 TWD). For Chenming Mold Industrial Corp the two are 7.82 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Chenming Mold Industrial Corp worth?
The market values Chenming Mold Industrial Corp at about 17.3B TWD (market capitalisation, as of Sep 23, 2026). Per share that is 84.50 TWD; our models calculate a fair value of 76.68 TWD per share.
What do the bullish and bearish scenarios say about 3013?
Our models span a range for Chenming Mold Industrial Corp: cautious scenario 40.69 TWD, base 76.68 TWD, optimistic 106.31 TWD per share (as of Sep 23, 2026, price 84.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3013?
Chenming Mold Industrial Corp trades at a price-to-earnings ratio of 21.1 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 76.68 TWD is built from several models across several years. Other multiples: P/B 3.3, P/S 1.6, EV/EBITDA 11.1.
How solid is the balance sheet of Chenming Mold Industrial Corp (3013)?
Balance-sheet figures for Chenming Mold Industrial Corp (as of Sep 23, 2026): return on equity 18.4%, debt of 0.12 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is 3013 from its 52-week high?
Chenming Mold Industrial Corp trades at 84.50 TWD, about 40% below its 52-week high of 140.00 TWD and 18% above the low of 71.90 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 76.68 TWD is for.
Which stocks are comparable to Chenming Mold Industrial Corp?
From the same area (Technology) we also value Dell Technologies Inc, Arista Networks, Inc, Western Digital Corporation, Hangzhou Hikvision Digital Technology Co, 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 Chenming Mold Industrial Corp stock attractive at the current price?
The data as of Sep 23, 2026: price 84.50 TWD, calculated fair value 76.68 TWD (−9%), Quality Score 57/100, 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 3013 calculated?
We run Chenming Mold Industrial Corp 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 76.68 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. Chenming Mold Industrial Corp 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 Chenming Mold Industrial Corp (3013)?
The closing price on Sep 24, 2026 was 84.50 TWD. Our model-based fair value is 76.68 TWD, about −9% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Chenming Mold Industrial Corp right now?
The model range is unusually wide (40.69 TWD to 106.31 TWD). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits close to our fair value, market and models broadly agree here, little valuation tension.
Where does the earnings growth of Chenming Mold Industrial Corp (3013) come from?
Earnings per share at Chenming Mold Industrial Corp grew +17.5 % a year from 2015 to 2025. Broken into its drivers: revenue per share +8.8 %, EBIT margin +8.8 %, tax rate −0.1 %, 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 Chenming Mold Industrial Corp
How large is the market capitalisation of Chenming Mold Industrial Corp (3013)?
The market capitalisation of Chenming Mold Industrial Corp is 17.3B TWD (≈ $544M). 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 Chenming Mold Industrial Corp (3013)?
The price-to-sales ratio of Chenming Mold Industrial Corp is 1.65 (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 Chenming Mold Industrial Corp (3013)?
Earnings per share at Chenming Mold Industrial Corp are 4.01 TWD (price ÷ EPS = P/E 21.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Chenming Mold Industrial Corp (3013)?
The dividend yield of Chenming Mold Industrial Corp is 0.5% (payout 10.0%). 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 Chenming Mold Industrial Corp (3013)?
The net margin of Chenming Mold Industrial Corp is 7.8% (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 Chenming Mold Industrial Corp (3013)?
The return on equity (ROE) of Chenming Mold Industrial Corp is 18.4% (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 Chenming Mold Industrial Corp (3013)?
On an EBIT basis the return on assets of Chenming Mold Industrial Corp is 5.5% (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 Chenming Mold Industrial Corp (3013)?
The operating margin of Chenming Mold Industrial Corp is 13.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Chenming Mold Industrial Corp (3013)?
Revenue at Chenming Mold Industrial Corp is growing +21.9% versus a year earlier (3y avg +17.4%). 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 Chenming Mold Industrial Corp (3013)?
Earnings per share at Chenming Mold Industrial Corp are growing +62.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Chenming Mold Industrial Corp (3013) hold?
Chenming Mold Industrial Corp holds more cash than debt, 360M TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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