Cheng Mei Materials Technology Corp (4960) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Cheng Mei Materials Technology Corp stock TWD 4.55, price TWD 27.20, that is 83.3% below the price, quality 43 out of 100. Rating: strongly overvalued. Calculated from audited financials with one of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range 8.93 TWD – 44.95 TWD · fair‑value band 3.00 TWD – 5.68 TWD · the 27.20 TWD price screens above the 4.55 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Cheng Mei Materials Technology Corporation manufactures and sells optoelectronic material and components in Taiwan and Mainland China.
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It offers optical structure embossing adhesive and transparent adhesive for mini LEDs; optical adhesive and film application; polarizers for handheld devices, automotive and public displays, desktop LCD, and energy savings applications; and mobile device displays and desktop monitors.
Cheng Mei Materials Technology Corporation was incorporated in 2005 and is headquartered in Tainan City, Taiwan.
Stock analysis
Cheng Mei Materials Technology Corp (4960) currently trades at 27.20 TWD, while our model-based Fair Value estimate is 4.55 TWD, 83% below the price, so the stock looks overvalued today.
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Valuation
How firm this estimate is: it rests on 1 models at a data quality of 96/100, which puts the data coverage at low.
Scenario range: 3.00 TWD (bear) to 5.68 TWD (bull), the price of 27.20 TWD sits above 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 43/100 (below-average quality), in the Technology sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Cheng Mei Materials Technology Corp reported revenue of 8.6B TWD in FY2025 versus 11.1B TWD in FY2021, a compound −6.1%/yr. Reported net income was −1.5B TWD in FY2025.
Key figures
Market cap 15.4B TWD (≈ $470M) Small · P/S ratio 2.38 · EPS (TTM) −1.46 TWD · Net margin −9.9% · Return on equity −11.1% · Return on assets (EBIT) −3.3% (5-year average) · Operating margin −9.5% · Revenue (TTM) 8.3B TWD.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 8 out of 100 (low confidence).
What moves the price
The share trades about 39% below its 52-week high and 110% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −7% fair-value upside, at −83%, 4960 screens richer than that median.
Fair Value models
Bear3.00 TWDFair Value 4.55 TWDBull5.68 TWD
Price 27.20 TWD · Downside -83.3%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.0/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−3.2%
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.
−3.1%
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.
−1.8%
Start year 2020 (pandemic). Over 10 years: −3.8% a year
Revenue growth 18 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.
+6.2%
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Profit margin (trend) ⓘ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.
−2.9% (2020) → −15.5% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
Compare Cheng Mei Materials Technology 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.Electronic Components · 651 stocks
Beats the industry median on 2/9 measures
Overall it trails its industry peers.
Valuation
Quality Score43 · Bottom 25%
Fair Value upside−83.3% · Bottom 25%
Profitability
Return on assets−11.3% · Bottom 25%
Net margin (12 months)−9.9% · Bottom 25%
Operating margin (12 months)−9.5% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−3.2% · Bottom 25%
Balance sheet
Debt / equity0.33× · Highest 25%
Valuation Multiplesvs Electronic Components median · lower = cheaper
P/B2.10× · Cheaper than median
P/S (12 months)1.86× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 70
PAST (return on equity)0· sector 28
HEALTH (low debt)84· sector 95
DIVIDEND (yield)0· sector 27
VALUE 0: the price sits above our fair-value range.
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). "Cheng Mei Materials Technology Corp Fair Value". https://www.fairvalue-calculator.com/stock/4960
Frequently asked questions
Is Cheng Mei Materials Technology Corp (4960) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 4.55 TWD versus a price of 27.20 TWD, about 83% lower (overvalued).
What is the fair value of 4960?
Our model-based fair value for Cheng Mei Materials Technology Corp is 4.55 TWD (as of Nov 8, 2026), built from audited fundamentals. The current price: 27.20 TWD.
What is the quality score of 4960?
Cheng Mei Materials Technology Corp has a Quality Score of 43/100. 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 Cheng Mei Materials Technology Corp (4960)?
Our model-based price target is the fair value of 4.55 TWD (as of Nov 8, 2026) from 1 valuation models. Cautious scenario 3.00 TWD, optimistic scenario 5.68 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Cheng Mei Materials Technology Corp stock forecast for 2026?
Our models put fair value at 4.55 TWD, about 83% lower versus a price of 27.20 TWD (overvalued). Cautious scenario 3.00 TWD, optimistic scenario 5.68 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Cheng Mei Materials Technology Corp (4960)?
Cheng Mei Materials Technology Corp reported trailing-twelve-month revenue of about 8.3B TWD (latest available figure, as of Nov 8, 2026).
What is the intrinsic value of Cheng Mei Materials Technology Corp (4960)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Cheng Mei Materials Technology Corp it is 4.55 TWD per share (as of Nov 8, 2026), against a price of 27.20 TWD. It is the blended result of 1 valuation models in 1 family (Asset-Based).
Is Cheng Mei Materials Technology Corp stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 4960 trades above its calculated fair value: price 27.20 TWD, fair value 4.55 TWD, a gap of about −83% (overvalued). 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 4960?
No. The price is what the market pays today (27.20 TWD); the fair value is what the company's own numbers justify (4.55 TWD). For Cheng Mei Materials Technology Corp the two are 22.65 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Cheng Mei Materials Technology Corp worth?
The market values Cheng Mei Materials Technology Corp at about 15.4B TWD (market capitalisation, as of Nov 8, 2026). Per share that is 27.20 TWD; our models calculate a fair value of 4.55 TWD per share.
What do the bullish and bearish scenarios say about 4960?
Our models span a range for Cheng Mei Materials Technology Corp: cautious scenario 3.00 TWD, base 4.55 TWD, optimistic 5.68 TWD per share (as of Nov 8, 2026, price 27.20 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Cheng Mei Materials Technology Corp (4960)?
Balance-sheet figures for Cheng Mei Materials Technology Corp (as of Nov 8, 2026): return on equity −11.1%, debt of 0.33 per unit of equity. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is 4960 from its 52-week high?
Cheng Mei Materials Technology Corp trades at 27.20 TWD, about 39% below its 52-week high of 44.95 TWD and 110% above the low of 12.95 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 4.55 TWD is for.
Which stocks are comparable to Cheng Mei Materials Technology Corp?
From the same area (Technology) we also value Amphenol Corporation, Hon Hai Precision Industry Co, Corning Incorporated, Delta Electronics, Inc, 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 Cheng Mei Materials Technology Corp stock attractive at the current price?
The data as of Nov 8, 2026: price 27.20 TWD, calculated fair value 4.55 TWD (−83%), Quality Score 43/100, from 1 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 4960 calculated?
We run Cheng Mei Materials Technology Corp through 1 models from 1 family: Asset-Based. Every model gets the same audited fundamentals; the fair value of 4.55 TWD builds on their evidence-weighted average, 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 13.0% above its aggregate fair value. Cheng Mei Materials Technology 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 Cheng Mei Materials Technology Corp (4960)?
The closing price on Nov 6, 2026 was 27.20 TWD. Our model-based fair value is 4.55 TWD, about 83% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Cheng Mei Materials Technology Corp right now?
The price sits above even our optimistic bull case (5.68 TWD). The favourable scenario is already priced in. Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (3.00 TWD to 5.68 TWD) leaves room in how you read the outcome.
Key figures of Cheng Mei Materials Technology Corp
How large is the market capitalisation of Cheng Mei Materials Technology Corp (4960)?
The market capitalisation of Cheng Mei Materials Technology Corp is 15.4B TWD (≈ $470M). 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 Cheng Mei Materials Technology Corp (4960)?
The price-to-sales ratio of Cheng Mei Materials Technology Corp is 2.38 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Cheng Mei Materials Technology Corp (4960)?
Earnings per share at Cheng Mei Materials Technology Corp are −1.46 TWD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Cheng Mei Materials Technology Corp (4960)?
The net margin of Cheng Mei Materials Technology Corp is −9.9% (last twelve months). 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 Cheng Mei Materials Technology Corp (4960)?
The return on equity (ROE) of Cheng Mei Materials Technology Corp is −11.1% (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 Cheng Mei Materials Technology Corp (4960)?
On an EBIT basis the return on assets of Cheng Mei Materials Technology Corp is −3.3% (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 Cheng Mei Materials Technology Corp (4960)?
The operating margin of Cheng Mei Materials Technology Corp is −9.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Cheng Mei Materials Technology Corp (4960)?
Revenue at Cheng Mei Materials Technology Corp is growing −3.2% versus a year earlier (3y avg −3.1%). 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 Cheng Mei Materials Technology Corp (4960)?
Earnings per share at Cheng Mei Materials Technology Corp are growing −85.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Cheng Mei Materials Technology Corp (4960) generate?
The free cash flow of Cheng Mei Materials Technology Corp is −881M TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Cheng Mei Materials Technology Corp (4960) carry?
The net debt of Cheng Mei Materials Technology Corp is 1.3B TWD (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 8, 2026