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Chaheng Precision Co (4546) Fair Value & Analysis

Industrials · TW · Market cap 1.5B TWD

CP Chaheng Precision Co 4546 · TWO
Price65.00 TWD
Fair Value92.72 TWD
Upside+42.7%
Quality66/100
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Healthy Growth
Thin margins · 9.2% net margin
Low debt · generates free cash flow
Ranks above peers (12/13)
Moderate moat 50/100
Evidence: High Range 69.54 TWD – 118.19 TWD Share as image

Fair value as of: Jul 21, 2026

From 24 valuation models · updated 20 days ago

Share price −44.4% over the past month.

A solid business, screening 43% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (69.54 TWD). The market is more pessimistic than our downside scenario.
  • Solid quality (66/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

151.50 TWD 42.00 TWD Fair Value 92.72 TWD Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

60‑month range 42.00 TWD – 151.50 TWD · fair‑value band 69.54 TWD – 118.19 TWD · the 65.00 TWD price screens below the 92.72 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Chaheng Precision Co (4546) currently trades at 65.00 TWD, while our model-based Fair Value estimate is 92.72 TWD, implying the stock looks roughly 42.7% undervalued today. The Quality Score stands at 66/100 (solid quality), in the Industrials 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: high), always confirm before acting.

Over the trailing twelve months, Chaheng Precision Co generated revenue of 2.0B TWD at a net margin of 9.2%. Revenue grew 59.2% year over year. It earns a return on equity of 13.8%. Net debt stands at 1.6B TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 69.54 TWD (bear case) to 118.19 TWD (bull case); at 65.00 TWD, the current price sits below 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 59% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -59% fair-value upside, at 43%, 4546 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
Growth DCF 147.56 TWD 251.88 TWD 443.79 TWD 80
Residual Income 37.60 TWD 43.24 TWD 77.04 TWD 76
Rev-Margin DCF 98.04 TWD 183.70 TWD 346.66 TWD 74
All 24 models by family
DCF Models
FCF DCF 158.24 TWD 235.85 TWD 467.82 TWD 38
Owner Earnings 81.67 TWD 180.61 TWD 364.20 TWD 31
5Y Revenue Exit 96.13 TWD 159.14 TWD 289.80 TWD 39
5Y EBITDA Exit 122.75 TWD 212.91 TWD 389.20 TWD 41
5Y P/E Exit 102.95 TWD 215.45 TWD 364.05 TWD 38
10Y Revenue Exit 114.96 TWD 228.85 TWD 290.73 TWD 36
10Y EBITDA Exit 135.41 TWD 281.13 TWD 525.11 TWD 37
10Y P/E Exit 122.20 TWD 242.25 TWD 428.86 TWD 35
Earnings-Based
Graham-Dodd 37.09 TWD 258.64 TWD 362.97 TWD 54
Lynch FV 101.63 TWD 145.19 TWD 188.74 TWD 50
PEG = 1.0 101.63 TWD 145.19 TWD 188.74 TWD 46
EPV 38.70 TWD 45.42 TWD 51.02 TWD 59
Multiples
P/E Multiple 85.90 TWD 114.54 TWD 143.17 TWD 63
P/S Multiple 69.54 TWD 92.72 TWD 115.90 TWD 58
P/B Multiple 69.54 TWD 92.72 TWD 115.90 TWD 55
EV/EBIT 88.84 TWD 121.98 TWD 155.12 TWD 53
EV/EBITDA 104.00 TWD 142.20 TWD 180.39 TWD 54
EV/Revenue 60.38 TWD 90.79 TWD 121.20 TWD 43
Asset-Based
NCAV (Graham) 21.08 TWD 28.24 TWD 42.15 TWD 50
Growth DCF
Growth DCF 147.56 TWD 251.88 TWD 443.79 TWD 80
Rev-Margin DCF 98.04 TWD 183.70 TWD 346.66 TWD 74
Economic Profit
Residual Income 37.60 TWD 43.24 TWD 77.04 TWD 76
ROIC Compounder 38.70 TWD 49.74 TWD 63.30 TWD 72
Growth Earnings
Growth-Adj P/E 128.42 TWD 183.45 TWD 238.49 TWD 68

Widest divergence: DCF Models (215.45 TWD) versus Asset-Based (28.24 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 2.0B TWD
Revenue growth (YoY) +59.2%
Net margin 9.2%
Return on equity 13.8%
Free cash flow 419M TWD FY2025
P/E ratio 21.3
More key figures
Operating margin 11.8%
EPS (TTM) 5.45 TWD
EPS growth (YoY) +256%
Net debt 1.6B TWD FY2025

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 66/100

Of which business quality 63 · Market factors (momentum, volatility) 24

Profitability 39
Margins and returns on capital today
Quality Growth 88
Are margins and returns improving?
Cashflow 89
Earnings quality: real cash, not paper profit
Fin. Strength 30
Balance sheet, leverage, solvency risk
Investment 70
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 14
Price trend over the last 3–12 months (market factor)
52W Momentum 12
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

Chaheng Precision Co., Ltd. designs, manufactures, process, and trades aerospace industry components in the United States, France, Taiwan, the Mainland of China, and internationally.

Full company description

Chaheng Precision Co., Ltd. designs, manufactures, process, and trades aerospace industry components in the United States, France, Taiwan, the Mainland of China, and internationally. The company offers fan blades, compressor components, high-pressure diffusers, air outlet guide vane modules, hot section combustor assemblies, turbine air seal rings, compressor covers for commercial aircraft engines; and superalloy stamping and forming components, including toles, oil collectors, flow dividers, rings, thermy off plates, cones, inner barrels, fans, and dome combustion chamber baffles. It also provides aerospace subassemblies and other products, including bracket, compressor actuation linkage assy, fan bootstrap bracket, seal, manifold-low pressure turbine and machining bracket, probe, and retaining seal, as well as stationary-AIR, AFT, BRG, and 4B pressure seal. Chaheng Precision Co., Ltd. was founded in 1997 and is based in Kaohsiung, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Chaheng Precision Co reported revenue of 2.0B TWD in FY2025 versus 581M TWD in FY2021, a compound +36.4%/yr. Reported net income was 184M TWD in FY2025.

Growth Quality 95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
2.0B TWD
Latest YoY
+43.8%
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.
+30.8%
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.
+20.3%
Avg. growth/yr (6Y) 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.
+0.4%
Revenue +36.4%/yr
FY21 581M TWD
FY22 899M TWD
FY23 1.2B TWD
FY24 1.4B TWD
FY25 2.0B TWD
Net income
FY21 −168M TWD
FY22 23.1M TWD
FY23 107M TWD
FY24 107M TWD
FY25 184M TWD

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Cite: Fair Value Calculator (2026). "Chaheng Precision Co Fair Value". https://www.fairvalue-calculator.com/stock/4546

Peer Group

Aerospace & Defense · 226 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 66 · Top 25%
Fair Value upside +43% · Top 25%
Return on equity (TTM) 14% · Above median
Return on assets 4% · Above median
Net margin (TTM) 9% · Above median
Operating margin (TTM) 12% · Above median
Revenue growth 59% · Top 25%
Debt / equity 0.33× · Higher than median

Valuation Multiples vs Aerospace & Defense median · lower = cheaper

P/E (TTM) 8.2× · Cheaper than 75% of peers
P/B 1.06× · Cheaper than 75% of peers
P/S (TTM) 0.75× · Cheaper than 75% of peers
P/FCF 0.1× · Cheaper than 75% of peers
EV/EBITDA 5.4× · 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 90 · sector 0
FUTURE 100 · sector 46
PAST 55 · sector 38
HEALTH 84 · sector 94
DIVIDEND 0 · sector 15

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Weapons Defense

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Aerospace & Defense stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
General Electric Company GE $381.22 $116.71 -69%
RTX Corporation RTX $195.93 $88.37 -55%
Airbus SE 1AIR €213.25 €86.20 -60%
The Boeing Company BA $217.11 $48.20 -78%
China CSSC Holdings 600150 ¥34.31 ¥21.90 -36%
HD Hyundai Heavy Industries Co 329180 466,000 KRW 272,966 KRW -41%
Hanwha Aerospace Co 012450 967,000 KRW 573,468 KRW -41%
ASELSAN Elektronik Sanayi ve Ticaret Anonim Sirketi ASELS 337.50 TRY 130.70 TRY -61%
Saab AB SAABB kr 520.40 kr 212.84 -59%
Kongsberg Gruppen ASA KOG kr 277.50 kr 106.93 -61%

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Frequently asked questions

Is Chaheng Precision Co (4546) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 92.72 TWD versus a price of 65.00 TWD, about +43% (undervalued).
What is the fair value of 4546?
Our model-based fair value for Chaheng Precision Co is 92.72 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 65.00 TWD.
What is the quality score of 4546?
Chaheng Precision Co has a Quality Score of 66/100. 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 Chaheng Precision Co (4546)?
Chaheng Precision Co reported trailing-twelve-month revenue of about 2.0B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 4546?
The net profit margin of Chaheng Precision Co is about 9.2%, meaning it keeps roughly 9.2% of revenue as net income. Based on the latest reported figures.

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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