Chain Chon Industrial Co Ltd (5014) fair value: what the stock is really worth
As of Oct 8, 2026: fair value of Chain Chon Industrial Co Ltd TWD 3.42, price TWD 10.10, upside -66.1%, quality 42 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Chain Chon Industrial Co., Ltd. engages in the cutting, slitting, processing, and sales of stainless steel products in Taiwan and internationally. It offers Cold and hot rolled stainless steel coils, sheets, slitting, angle and flat iron, plates, strips, gratings, angle steel, flat steel, welded H-beams, and polishing sheets.
Show more
Chain Chon Industrial Co., Ltd. engages in the cutting, slitting, processing, and sales of stainless steel products in Taiwan and internationally. It offers Cold and hot rolled stainless steel coils, sheets, slitting, angle and flat iron, plates, strips, gratings, angle steel, flat steel, welded H-beams, and polishing sheets. The company was founded in 1980 and is based in Taoyuan City, Taiwan.
Stock analysis
Chain Chon Industrial Co Ltd (5014) currently trades at 10.10 TWD, while our model-based Fair Value estimate is 3.42 TWD, 66.1% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Asset-Based group reads highest at a median of 9.67 TWD per share, and 0 of the 8 models we run sit above the 10.10 TWD price.
Bear case: the DCF Models group reads lowest at 1.76 TWD, and 8 of the 8 models stay below the price. Evidence for this calculation is low.
Scenario range: 1.68 TWD (bear) to 5.98 TWD (bull), the price of 10.10 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 42/100 (below-average quality), in the Basic Materials sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Chain Chon Industrial Co Ltd reported revenue of 15.0B TWD in FY2025 versus 18.6B TWD in FY2021, a compound −5.3%/yr. Reported net income was −437M TWD in FY2025.
Key figures
Market cap 1.9B TWD (≈ $58.0M) · P/S ratio 0.12 · EPS (TTM) −0.7800 TWD · Dividend yield 5.0% · Net margin −2.9% · Return on equity −5.6% · Return on assets (EBIT) 4.1% · Operating margin 1.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 27 out of 100 (medium confidence).
What moves the price
The share trades about 15% below its 52-week high and 7% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −45% fair-value upside, at −66%, 5014 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (0.3400 TWD to 9.67 TWD). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear 1.68 TWDFair Value 3.42 TWDBull 5.98 TWD
Price 10.10 TWD · Upside -66.1%
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. 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.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.25/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
−8.4%
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.
−7.8%
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.
+0.9%
Start year 2020 (pandemic)
Revenue growth 8 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%
’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.
2.5% (2020) → −0.6% (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
not computed
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+52.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +50.2% a year for the price.
Compare Chain Chon Industrial Co Ltd 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.Steel · 410 stocks
Beats the industry median on 4/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score42 · Below median
Fair Value upside−66.1% · Bottom 25%
Profitability
Return on assets0.6% · Below median
Net margin (TTM)−0.9% · Bottom 25%
Operating margin (TTM)1.9% · Below median
Growth and dividend
Revenue growth14.8% · Above median
Dividend yield (TTM)5.0% · Top 25%
Balance sheet
Debt / equity0.50× · Highest 25%
Valuation Multiplesvs Steel median · lower = cheaper
P/FCF1.5× · Cheapest 25%
EV/EBITDA3.3× · Cheapest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 21
FUTURE (revenue growth)74· sector 33
PAST (return on equity)0· sector 19
HEALTH (low debt)75· sector 95
DIVIDEND (yield)99· sector 52
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). "Chain Chon Industrial Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/5014
Frequently asked questions
Is Chain Chon Industrial Co Ltd (5014) overvalued or undervalued?
As of Oct 3, 2026, our model estimates a fair value of 3.42 TWD versus a price of 10.10 TWD, about −66% upside (overvalued).
What is the fair value of 5014?
Our model-based fair value for Chain Chon Industrial Co Ltd is 3.42 TWD (as of Oct 3, 2026), built from audited fundamentals. The current price: 10.10 TWD.
What is the quality score of 5014?
Chain Chon Industrial Co Ltd has a Quality Score of 42/100. 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 Chain Chon Industrial Co Ltd (5014)?
Our model-based price target is the fair value of 3.42 TWD (as of Oct 3, 2026) from 8 valuation models. Cautious scenario 1.68 TWD, optimistic scenario 5.98 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Chain Chon Industrial Co Ltd stock forecast for 2026?
Our models put fair value at 3.42 TWD, about −66% upside versus a price of 10.10 TWD (overvalued). Cautious scenario 1.68 TWD, optimistic scenario 5.98 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Chain Chon Industrial Co Ltd (5014)?
Chain Chon Industrial Co Ltd reported trailing-twelve-month revenue of about 15.9B TWD (latest available figure, as of Oct 3, 2026).
Does Chain Chon Industrial Co Ltd pay a dividend?
Chain Chon Industrial Co Ltd currently shows a dividend yield of about 4.95% relative to its recent price (as of Oct 3, 2026).
What growth is priced into Chain Chon Industrial Co Ltd (5014)?
For today's price to be fair in a discounted-cash-flow model, Chain Chon Industrial Co Ltd would have to grow free cash flow by +52.6 % per year for five years (discount rate 12.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +0.9 % per year. As of Oct 3, 2026.
What discount rate (WACC) does the fair value of 5014 use?
Our models discount Chain Chon Industrial Co Ltd at 12.7 %: a base by market capitalisation (micro), damped by beta 0.84, country premium for Taiwan. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Chain Chon Industrial Co Ltd that is +52.6 % per year a year over ten years, using the same discount rate (12.7 %) and the same formula as our fair value.
How much growth has Chain Chon Industrial Co Ltd (5014) delivered so far?
Over the past 5 years revenue at Chain Chon Industrial Co Ltd grew +0.9 % a year. The price currently implies +52.6 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Chain Chon Industrial Co Ltd (5014) growing?
The median revenue growth in the sector is +9.1 % a year. That is the yardstick for the growth priced into Chain Chon Industrial Co Ltd (+52.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Chain Chon Industrial Co Ltd (5014)?
The free-cash-flow yield on the price is 2.05 %: that much free cash flow Chain Chon Industrial Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (12.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Chain Chon Industrial Co Ltd (5014)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Chain Chon Industrial Co Ltd it is 3.42 TWD per share (as of Oct 3, 2026), against a price of 10.10 TWD. It is the blended result of 8 valuation models (cash flow, earnings, asset, dividend).
Is Chain Chon Industrial Co Ltd stock overvalued or undervalued in 2026?
As of Oct 3, 2026, 5014 trades above its calculated fair value: price 10.10 TWD, fair value 3.42 TWD, a gap of about −66% (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 5014?
No. The price is what the market pays today (10.10 TWD); the fair value is what the company's own numbers justify (3.42 TWD). For Chain Chon Industrial Co Ltd the two are 6.68 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Chain Chon Industrial Co Ltd worth?
The market values Chain Chon Industrial Co Ltd at about 1.9B TWD (market capitalisation, as of Oct 3, 2026). Per share that is 10.10 TWD; our models calculate a fair value of 3.42 TWD per share.
What do the bullish and bearish scenarios say about 5014?
Our models span a range for Chain Chon Industrial Co Ltd: cautious scenario 1.68 TWD, base 3.42 TWD, optimistic 5.98 TWD per share (as of Oct 3, 2026, price 10.10 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Chain Chon Industrial Co Ltd (5014)?
Balance-sheet figures for Chain Chon Industrial Co Ltd (as of Oct 3, 2026): return on equity −5.6%, debt of 0.50 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is 5014 from its 52-week high?
Chain Chon Industrial Co Ltd trades at 10.10 TWD, about 15% below its 52-week high of 11.90 TWD and 7% above the low of 9.42 TWD (as of Oct 8, 2026). Distance from the high says nothing about value: that is what the fair value of 3.42 TWD is for.
Which stocks are comparable to Chain Chon Industrial Co Ltd?
From the same area (Basic Materials) we also value Nucor Corporation, ArcelorMittal S.A, Steel Dynamics, Inc, JSW Steel Limited, 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 Chain Chon Industrial Co Ltd stock attractive at the current price?
The data as of Oct 3, 2026: price 10.10 TWD, calculated fair value 3.42 TWD (−66%), Quality Score 42/100, from 8 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 5014 calculated?
We run Chain Chon Industrial Co Ltd through 8 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 3.42 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 14.5 % above its aggregate fair value. Chain Chon Industrial Co Ltd 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 Chain Chon Industrial Co Ltd (5014)?
The closing price on Oct 8, 2026 was 10.10 TWD. Our model-based fair value is 3.42 TWD, about −66% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Chain Chon Industrial Co Ltd right now?
The price sits above even our optimistic bull case (5.98 TWD). The favourable scenario is already priced in. Weak quality (42/100) and above fair value at the same time, the margin of safety is missing on both counts. The model range is unusually wide (1.68 TWD to 5.98 TWD). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of Chain Chon Industrial Co Ltd
How large is the market capitalisation of Chain Chon Industrial Co Ltd (5014)?
The market capitalisation of Chain Chon Industrial Co Ltd is 1.9B TWD (≈ $58.0M). 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 Chain Chon Industrial Co Ltd (5014)?
The price-to-sales ratio of Chain Chon Industrial Co Ltd is 0.12 (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 Chain Chon Industrial Co Ltd (5014)?
Earnings per share at Chain Chon Industrial Co Ltd are −0.7800 TWD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Chain Chon Industrial Co Ltd (5014)?
The dividend yield of Chain Chon Industrial Co Ltd is 5.0%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Chain Chon Industrial Co Ltd (5014)?
The net margin of Chain Chon Industrial Co Ltd is −2.9% (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 Chain Chon Industrial Co Ltd (5014)?
The return on equity (ROE) of Chain Chon Industrial Co Ltd is −5.6% (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 Chain Chon Industrial Co Ltd (5014)?
On an EBIT basis the return on assets of Chain Chon Industrial Co Ltd is 4.1% (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 Chain Chon Industrial Co Ltd (5014)?
The operating margin of Chain Chon Industrial Co Ltd is 1.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Chain Chon Industrial Co Ltd (5014)?
Revenue at Chain Chon Industrial Co Ltd is growing +14.8% versus a year earlier (3y avg −7.8%). 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 Chain Chon Industrial Co Ltd (5014)?
Earnings per share at Chain Chon Industrial Co Ltd are growing −49.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Chain Chon Industrial Co Ltd (5014) carry?
The net debt of Chain Chon Industrial Co Ltd is 4.8B 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 Chain Chon Industrial Co Ltd in the live analysis
One click puts Chain Chon Industrial Co Ltd on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener.
