EN DE

Chang Jia M&E Engineering Corp (4550) Fair Value & Analysis

Industrials · TW · Market cap 940M TWD

CJ Chang Jia M&E Engineering Corp 4550 · TWO
Price24.40 TWD
Fair Value26.06 TWD
Upside+6.8%
Quality62/100
Watch Chang Jia M&E Engineering Corp for free, get notified when fair value or trend changes. Watch for free
Weak Growth
Thin margins · 7.1% net margin
Low debt · generates free cash flow
4.83% dividend yield
Ranks above peers (12/14)
Narrow moat 44/100
Evidence: High Range 20.14 TWD – 31.98 TWD Share as image

Fair value as of: Jul 21, 2026

From 24 valuation models · updated 20 days ago

Share price −4.7% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from 20.14 TWD (bear) to 31.98 TWD (bull), base 26.06 TWD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 62/100 (solid quality) with high evidence: the data supports the verdict.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

42.50 TWD 18.20 TWD Fair Value 26.06 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 18.20 TWD – 42.50 TWD · fair‑value band 20.14 TWD – 31.98 TWD · the 24.40 TWD price screens below the 26.06 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 21, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Chang Jia M&E Engineering Corp (4550) currently trades at 24.40 TWD, while our model-based Fair Value estimate is 26.06 TWD, implying the stock looks roughly 6.8% fairly valued today. The Quality Score stands at 62/100 (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, Chang Jia M&E Engineering Corp generated revenue of 945M TWD at a net margin of 7.1%. Revenue grew 13.5% year over year. It earns a return on equity of 6.9%. The balance sheet holds a net cash position of 89.7M TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 20.14 TWD (bear case) to 31.98 TWD (bull case); at 24.40 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 19% below its 52-week high and 2% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -45% fair-value upside, at 7%, 4550 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 49.45 TWD 59.88 TWD 76.05 TWD 80
Residual Income 18.51 TWD 18.73 TWD 17.35 TWD 76
Rev-Margin DCF 34.47 TWD 41.26 TWD 50.04 TWD 74
All 24 models by family
DCF Models
FCF DCF 48.28 TWD 59.28 TWD 77.75 TWD 38
Owner Earnings 14.59 TWD 15.37 TWD 16.67 TWD 31
5Y Revenue Exit 34.47 TWD 40.30 TWD 48.70 TWD 39
5Y EBITDA Exit 46.77 TWD 61.59 TWD 81.21 TWD 41
5Y P/E Exit 38.06 TWD 46.51 TWD 56.71 TWD 38
10Y Revenue Exit 40.10 TWD 44.71 TWD 49.25 TWD 36
10Y EBITDA Exit 47.21 TWD 56.73 TWD 66.66 TWD 37
10Y P/E Exit 42.38 TWD 48.22 TWD 53.54 TWD 35
Earnings-Based
Graham-Dodd 9.09 TWD 11.11 TWD 12.50 TWD 54
EPV 17.60 TWD 18.36 TWD 19.00 TWD 59
Dividend Discount
Gordon GGM 15.54 TWD 16.75 TWD 18.55 TWD 70
DDM Multi-Stage 15.54 TWD 18.50 TWD 22.31 TWD 61
Multiples
P/E Multiple 21.06 TWD 28.07 TWD 35.09 TWD 63
P/S Multiple 17.05 TWD 22.73 TWD 28.41 TWD 58
P/B Multiple 17.05 TWD 22.73 TWD 28.41 TWD 55
EV/EBIT 29.80 TWD 35.72 TWD 41.64 TWD 53
EV/EBITDA 51.21 TWD 64.27 TWD 77.33 TWD 54
EV/Revenue 24.71 TWD 30.15 TWD 35.58 TWD 43
Asset-Based
NCAV (Graham) 12.55 TWD 16.82 TWD 25.10 TWD 50
Growth DCF
Growth DCF 49.45 TWD 59.88 TWD 76.05 TWD 80
Rev-Margin DCF 34.47 TWD 41.26 TWD 50.04 TWD 74
Economic Profit
Residual Income 18.51 TWD 18.73 TWD 17.35 TWD 76
ROIC Compounder 17.60 TWD 18.36 TWD 19.00 TWD 72
Growth Earnings
Growth-Adj P/E 14.87 TWD 21.24 TWD 27.61 TWD 68

Widest divergence: DCF Models (46.51 TWD) versus Earnings-Based (11.11 TWD). Highest evidence: Growth DCF (80).

Notify me when 4550 reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) 945M TWD
Revenue growth (YoY) +13.5%
Net margin 7.1%
Return on equity 6.9%
Free cash flow 169M TWD FY2025
P/E ratio 19.0
More key figures
Operating margin 13.0%
EPS (TTM) 1.33 TWD
Dividend yield 4.8%
EPS growth (YoY) +244%
Net cash 89.7M TWD FY2023

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

Quality Score breakdown

Overall quality 62/100

Of which business quality 62 · Market factors (momentum, volatility) 52

Profitability 29
Margins and returns on capital today
Quality Growth 31
Are margins and returns improving?
Cashflow 78
Earnings quality: real cash, not paper profit
Fin. Strength 82
Balance sheet, leverage, solvency risk
Investment 72
Disciplined investing over empire-building
Low Volatility 98
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 24
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

Chang Jia M&E Engineering Corp., together with its subsidiaries, engages in the planning, design, and engineering contracting of electrical, drainage, and air-conditioning equipment for various commercial buildings and factories in Taiwan. It operates through Mechanical and Electrical; and Sports and Leisure segments.

Full company description

Chang Jia M&E Engineering Corp., together with its subsidiaries, engages in the planning, design, and engineering contracting of electrical, drainage, and air-conditioning equipment for various commercial buildings and factories in Taiwan. It operates through Mechanical and Electrical; and Sports and Leisure segments. The company offers project construction management services for water supply, drainage, sewage, and wastewater system engineering; power plant, steam, and electricity symbiosis system engineering; ultra-high and high/low voltage system electrical transmission and distribution engineering; access control security, parking fees, and building automation system engineering; fire alarm and smoke exhaust system engineering; and special mechanical and electrical engineering services for electronic semiconductor factories and clean rooms. It is also involved in the provision of refrigerating, air-conditioning, ventilation and exhaust, and central monitoring energy management systems; planning and construction management of mechanical and electrical systems for high-rise buildings; system planning, detailed design, and construction supervision and management services; and wireless network domain and weak current projects, such as communications and broadcasting solutions. In addition, the company offers mechanical and electrical system integration services in technical, civil engineering, construction, structure, electricity, weak current, instrumentation and control, fire protection, water supply, drainage, air conditioning and cooling, monitoring, clean room, and other system fields. Further, it operates sports centers and basketball stadiums. Chang Jia M&E Engineering Corp. was founded in 1998 and is based in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Chang Jia M&E Engineering Corp reported revenue of 919M TWD in FY2025 versus 1.4B TWD in FY2021, a compound −10.3%/yr. Reported net income was 50.6M TWD in FY2025, compounding −1.4%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
919M TWD
Latest YoY
−26.5%
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.
−12.1%
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.
−7.1%
Avg. growth/yr (8Y) 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.
−5.5%
Revenue −10.3%/yr
FY21 1.4B TWD
FY22 1.4B TWD
FY23 1.9B TWD
FY24 1.2B TWD
FY25 919M TWD
Net income −1.4%/yr
FY21 53.5M TWD
FY22 107M TWD
FY23 123M TWD
FY24 120M TWD
FY25 50.6M TWD

Watch 4550: get an alert when its fair value changes →

Share or link this analysis
For bloggers & editors: embed code + live data

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). "Chang Jia M&E Engineering Corp Fair Value". https://www.fairvalue-calculator.com/stock/4550

Peer Group

Engineering & Construction · 839 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 62 · Top 25%
Fair Value upside +7% · Above median
Return on equity (TTM) 7% · Above median
Return on assets 3% · Above median
Net margin (TTM) 7% · Top 25%
Operating margin (TTM) 13% · Top 25%
Revenue growth 14% · Above median
Dividend yield (TTM) 4.8% · Top 25%

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/E (TTM) 18.7× · Pricier than median
P/B 0.99× · Cheaper than median
P/S (TTM) 1.00× · Pricier than median
P/FCF 0.2× · Cheaper than 75% of peers
EV/EBITDA 2.8× · 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 42 · sector 16
FUTURE 68 · sector 17
PAST 27 · sector 26
HEALTH 100 · sector 94
DIVIDEND 97 · sector 33

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 Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LT ₹3,815 ₹1,994 -48%
Samsung C&T Corporation 028260 346,000 KRW 268,779 KRW -22%
Hyundai Engineering & Construction Co 000720 99,000 KRW 63,993 KRW -35%
United Integrated Services Co 2404 1,250 TWD 925.62 TWD -26%
Samsung E&A Co 028050 42,550 KRW 44,840 KRW +5%
Rail Vikas Nigam Limited RVNL ₹232.67 ₹61.46 -74%
Daewoo Engineering & Construction Co 047040 16,240 KRW 6,507 KRW -60%
NBCC (India) Limited NBCC ₹96.32 ₹48.22 -50%
Cemindia Projects Limited CEMPRO ₹1,330 ₹730.69 -45%
KEPCO Engineering & Construction Company 052690 92,700 KRW 20,172 KRW -78%

Compare Chang Jia M&E Engineering Corp with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Industrials stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Chang Jia M&E Engineering Corp (4550) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 26.06 TWD versus a price of 24.40 TWD, about +7% (fairly valued).
What is the fair value of 4550?
Our model-based fair value for Chang Jia M&E Engineering Corp is 26.06 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 24.40 TWD.
What is the quality score of 4550?
Chang Jia M&E Engineering Corp has a Quality Score of 62/100. 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 Chang Jia M&E Engineering Corp (4550)?
Chang Jia M&E Engineering Corp reported trailing-twelve-month revenue of about 945M TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 4550?
The net profit margin of Chang Jia M&E Engineering Corp is about 7.1%, meaning it keeps roughly 7.1% of revenue as net income. Based on the latest reported figures.
Does Chang Jia M&E Engineering Corp pay a dividend?
Chang Jia M&E Engineering Corp currently shows a dividend yield of about 4.83% relative to its recent price (as of Jul 21, 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.

14 days Pro free · no card

Track Chang Jia M&E Engineering Corp and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.