Cheng Mei Materials Technology Corp (4960) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Cheng Mei Materials Technology Corp TWD 4.55, price TWD 22.45, upside -79.7%, quality 41 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Watch Cheng Mei Materials Technology Corp for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.Watch for freePro now: $1 first month
Cheng Mei Materials Technology Corporation manufactures and sells optoelectronic material and components in Taiwan and Mainland China.
Show more
Cheng Mei Materials Technology Corporation manufactures and sells optoelectronic material and components in Taiwan and Mainland China. 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 22.45 TWD, while our model-based Fair Value estimate is 4.55 TWD, implying the stock looks roughly 393.3% overvalued today.
Show more
Valuation
How firm this estimate is: it rests on 1 models at a data quality of 95/100, which puts the evidence level at low.
Scenario range: 3.00 TWD (bear) to 5.68 TWD (bull), the price of 22.45 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 41/100 (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 12.7B TWD (≈ $400M) · P/S ratio 1.93 · EPS (TTM) −2.58 TWD · Net margin −16.9% · Return on equity −17.4% · Return on assets (EBIT) −3.3% · Operating margin −16.2% · Revenue (TTM) 8.3B TWD.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (low confidence).
What moves the price
The share trades about 50% below its 52-week high and 73% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −65% fair-value upside, at −80%, 4960 screens richer than that median.
Fair Value models
Bear 3.00 TWDFair Value 4.55 TWDBull 5.68 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.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.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%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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
Price, fair value, quality and upside side by side.
Free, no sign-up
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 · 644 stocks
Beats the industry median on 2/9 measures
Overall it trails its industry peers.
Valuation
Quality Score40 · Bottom 25%
Fair Value upside−80% · Bottom 25%
Profitability
Return on assets−6% · Bottom 25%
Net margin (TTM)−17% · Bottom 25%
Operating margin (TTM)−16% · Bottom 25%
Growth and dividend
Revenue growth−14% · Bottom 25%
Balance sheet
Debt / equity0.33× · Highest 25%
Valuation Multiplesvs Electronic Components median · lower = cheaper
P/B0.05× · Cheapest 25%
P/S (TTM)0.05× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 40
PAST (return on equity)0· sector 25
HEALTH (low debt)84· sector 95
DIVIDEND (yield)0· sector 24
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 Sep 23, 2026, our model estimates a fair value of 4.55 TWD versus a price of 22.45 TWD, about −80% upside (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 Sep 23, 2026), built from audited fundamentals. The current price: 22.45 TWD.
What is the quality score of 4960?
Cheng Mei Materials Technology Corp has a Quality Score of 41/100. 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 Sep 23, 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 −80% upside versus a price of 22.45 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 Sep 23, 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 Sep 23, 2026), against a price of 22.45 TWD. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Cheng Mei Materials Technology Corp stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 4960 trades above its calculated fair value: price 22.45 TWD, fair value 4.55 TWD, a gap of about −80% (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 (22.45 TWD); the fair value is what the company's own numbers justify (4.55 TWD). For Cheng Mei Materials Technology Corp the two are 17.90 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 12.7B TWD (market capitalisation, as of Sep 23, 2026). Per share that is 22.45 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 Sep 23, 2026, price 22.45 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 Sep 23, 2026): return on equity −17.4%, debt of 0.33 per unit of equity. They feed the Quality Score of 41/100, 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 22.45 TWD, about 50% below its 52-week high of 44.95 TWD and 73% above the low of 12.95 TWD (as of Sep 24, 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, Delta Electronics, Inc, Corning Incorporated, Luxshare Precision Industry 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 Cheng Mei Materials Technology Corp stock attractive at the current price?
The data as of Sep 23, 2026: price 22.45 TWD, calculated fair value 4.55 TWD (−80%), Quality Score 41/100, 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 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 4.55 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. 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 Sep 24, 2026 was 22.45 TWD. Our model-based fair value is 4.55 TWD, about −80% upside (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 (41/100) 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 12.7B TWD (≈ $400M). 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 1.93 (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 −2.58 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 −16.9% (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 Cheng Mei Materials Technology Corp (4960)?
The return on equity (ROE) of Cheng Mei Materials Technology Corp is −17.4% (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 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 −16.2% (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 −13.9% 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.
Free · no account needed
Watch Cheng Mei Materials Technology Corp in the live analysis
One click puts Cheng Mei Materials Technology Corp on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
