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Chia Chang Co (4942) Fair Value & Analysis

Technology · TW · Market cap 5.2B TWD

CC Chia Chang Co 4942 · TW
Price34.40 TWD
Fair Value51.26 TWD
Upside+49.0%
Quality53/100
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Weak Growth
Thin margins · 7.0% net margin
Low debt · negative free cash flow
5.41% dividend yield
Ranks above peers (10/13)
Narrow moat 41/100
Evidence: Medium Range 48.20 TWD – 63.21 TWD Share as image

Fair value as of: Jul 23, 2026

From 15 valuation models · updated 18 days ago

Share price −7.8% over the past month.

A solid business, screening 49% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (48.20 TWD). The market is more pessimistic than our downside scenario.
  • Solid quality (53/100) 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)

43.05 TWD 27.23 TWD Fair Value 51.26 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 27.23 TWD – 43.05 TWD · fair‑value band 48.20 TWD – 63.21 TWD · the 34.40 TWD price screens below the 51.26 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 23, 2026.

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Analysis

Chia Chang Co (4942) currently trades at 34.40 TWD, while our model-based Fair Value estimate is 51.26 TWD, implying the stock looks roughly 49.0% undervalued today. The Quality Score stands at 53/100 (solid quality), in the Technology 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: medium), always confirm before acting.

Over the trailing twelve months, Chia Chang Co generated revenue of 6.0B TWD at a net margin of 7.0%. Revenue declined 5.2% year over year. It earns a return on equity of 4.6%. The balance sheet holds a net cash position of 910M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 48.20 TWD (bear case) to 63.21 TWD (bull case); at 34.40 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 20% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at 49%, 4942 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
Residual Income 48.30 TWD 48.85 TWD 45.88 TWD 76
ROIC Compounder 33.24 TWD 37.22 TWD 40.65 TWD 72
Gordon GGM 17.57 TWD 19.14 TWD 21.53 TWD 70
All 15 models by family
DCF Models
Owner Earnings 25.85 TWD 32.36 TWD 44.04 TWD 31
Earnings-Based
Graham-Dodd 20.81 TWD 25.43 TWD 28.61 TWD 54
EPV 33.24 TWD 37.22 TWD 40.65 TWD 59
Dividend Discount
Gordon GGM 17.57 TWD 19.14 TWD 21.53 TWD 70
DDM Multi-Stage 17.57 TWD 21.70 TWD 27.36 TWD 61
Multiples
P/E Multiple 48.20 TWD 64.26 TWD 80.33 TWD 63
P/S Multiple 39.02 TWD 52.02 TWD 65.03 TWD 58
P/B Multiple 39.02 TWD 52.02 TWD 65.03 TWD 55
EV/EBIT 59.07 TWD 76.08 TWD 93.08 TWD 53
EV/EBITDA 77.52 TWD 100.68 TWD 123.84 TWD 54
EV/Revenue 44.47 TWD 60.07 TWD 75.68 TWD 43
Asset-Based
NCAV (Graham) 31.92 TWD 42.78 TWD 63.85 TWD 50
Economic Profit
Residual Income 48.30 TWD 48.85 TWD 45.88 TWD 76
ROIC Compounder 33.24 TWD 37.22 TWD 40.65 TWD 72
Growth Earnings
Growth-Adj P/E 34.03 TWD 48.62 TWD 63.21 TWD 68

Widest divergence: Multiples (60.07 TWD) versus Dividend Discount (19.14 TWD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 6.0B TWD
Revenue growth (YoY) -5.2%
Net margin 7.0%
Return on equity 4.6%
Free cash flow −423M TWD FY2025
P/E ratio 12.3
More key figures
Operating margin 5.6%
EPS (TTM) 3.04 TWD
Dividend yield 5.3%
EPS growth (YoY) -16.4%
Net cash 910M TWD FY2025

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

Quality Score breakdown

Overall quality 53/100

Of which business quality 51 · Market factors (momentum, volatility) 47

Profitability 31
Margins and returns on capital today
Quality Growth 42
Are margins and returns improving?
Cashflow 6
Earnings quality: real cash, not paper profit
Fin. Strength 84
Balance sheet, leverage, solvency risk
Investment 75
Disciplined investing over empire-building
Low Volatility 96
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 13
Distance to the 52-week high (market factor)
Net Issuance 87
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

Chia Chang Co., Ltd engages in manufacturing, processing, and sale of optoelectronic and information electronic components, molds, and precision instruments in Taiwan, Japan, and South Korea.

Full company description

Chia Chang Co., Ltd engages in manufacturing, processing, and sale of optoelectronic and information electronic components, molds, and precision instruments in Taiwan, Japan, and South Korea. The company offers 1U server, semiconductor equipment component, wireless access point, wireless access point chassis, wireless access point reflector, and chassis of camera; medical device metal fabrication, automotive display and consumer electronic products; and custom metal fabrication products. Its products have applications in optoelectronics, IT, and communication industries, including both internal and external metal processing parts, and related precision mold design and manufacturing. The company serves panel manufacturers, backlight module suppliers, and IT OEM/ODM companies. It is also involved in the import and export of related products. Chia Chang Co., Ltd was incorporated in 1985 and is headquartered in Taoyuan City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Chia Chang Co reported revenue of 6.1B TWD in FY2025 versus 8.7B TWD in FY2021, a compound −8.6%/yr. Reported net income was 436M TWD in FY2025, compounding −16.8%/yr from FY2021.

Growth Quality 20/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
6.1B TWD
Latest YoY
+7.5%
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.
−8.1%
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.
−3.5%
Avg. growth/yr (16Y) 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.
−0.7%
Revenue −8.6%/yr
FY21 8.7B TWD
FY22 7.8B TWD
FY23 6.1B TWD
FY24 5.7B TWD
FY25 6.1B TWD
Net income −16.8%/yr
FY21 909M TWD
FY22 645M TWD
FY23 615M TWD
FY24 594M TWD
FY25 436M TWD
Character of growth · EPS growth decomposed (2014-2025) +5.3 % p.a.
Revenue per share −2.5 pp

of which total revenue −3.0 pp · buybacks/dilution +0.4 pp

EBIT margin +7.8 pp
Tax rate +0.5 pp
Residual (interest, one-offs) −0.4 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Chia Chang Co Fair Value". https://www.fairvalue-calculator.com/stock/4942

Peer Group

Electronic Components · 625 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 53 · Below median
Fair Value upside +49% · Top 25%
Return on equity (TTM) 5% · Below median
Return on assets 3% · Above median
Net margin (TTM) 7% · Above median
Operating margin (TTM) 6% · Above median
Revenue growth -5% · Below median
Dividend yield (TTM) 5.4% · Top 25%
Debt / equity 0.01× · Lower than 75% of peers

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 12.1× · Cheaper than 75% of peers
P/B 0.57× · Cheaper than 75% of peers
P/S (TTM) 0.87× · Cheaper than median
EV/EBITDA 4.2× · 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 99 · sector 0
FUTURE 0 · sector 32
PAST 19 · sector 24
HEALTH 100 · sector 95
DIVIDEND 100 · sector 25

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 Electronic Components stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,880 TWD 515.23 TWD -73%
Hon Hai Precision Industry Co 2317 242.50 TWD 270.47 TWD +12%
Luxshare Precision Industry Co 002475 ¥62.14 ¥38.44 -38%
Samsung Electro-Mechanics Co 009150 1,260,000 KRW 166,421 KRW -87%
Elite Material Co 2383 4,990 TWD 714.36 TWD -86%
Yageo Corporation 2327 699.00 TWD 216.55 TWD -69%
Shengyi Technology Co 600183 ¥132.29 ¥27.45 -79%
Shennan Circuits Co 002916 ¥364.00 ¥93.50 -74%
Victory Giant Technology (HuiZhou) Co 2476 HK$297.00 HK$103.98 -65%
Wus Printed Circuit (Kunshan) Co 002463 ¥127.80 ¥31.95 -75%

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Frequently asked questions

Is Chia Chang Co (4942) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 51.26 TWD versus a price of 34.40 TWD, about +49% (undervalued).
What is the fair value of 4942?
Our model-based fair value for Chia Chang Co is 51.26 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 34.40 TWD.
What is the quality score of 4942?
Chia Chang Co has a Quality Score of 53/100. 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 Chia Chang Co (4942)?
Chia Chang Co reported trailing-twelve-month revenue of about 6.0B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 4942?
The net profit margin of Chia Chang Co is about 7.0%, meaning it keeps roughly 7.0% of revenue as net income. Based on the latest reported figures.
Does Chia Chang Co pay a dividend?
Chia Chang Co currently shows a dividend yield of about 5.34% 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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