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CTCI Advanced Systems Inc. (5209) Fair Value & Analysis

Technology · TW · Market cap 4.5B TWD (≈ $141M)

What is CTCI Advanced Systems Inc. really worth?

CA CTCI Advanced Systems Inc. 5209 · TWO
Price154.50 TWD
Fair Value179.43 TWD
Upside+16.1%
Quality56/100

A solid business, trading 14% below our fair value of 179.43 TWD.

As of Aug 29, 2026, the fair value of CTCI Advanced Systems Inc. is 179.43 TWD per share against a price of 154.50 TWD, so the fair value sits 16% above the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Strengths

Solidly profitable · 11.1% net margin
Ranks above peers (9/13)

Risks

!Expensive Growth (revenue 3y +23.0 %/yr)
!Low debt · negative free cash flow
!Moderate moat 64/100
!The models disagree: range 161.64 TWD to 438.71 TWD

For context

·8.41% dividend yield
Evidence: High Range 161.64 TWD – 438.71 TWD

Fair value as of: Aug 29, 2026

From 15 valuation models · updated 8 days ago

Fair value updated Aug 29, 2026, revised from 180.19 TWD to 179.43 TWD (−0.4%) since Aug 25, 2026. Share price −2.8% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price is below even our cautious bear case (161.64 TWD). The market is more pessimistic than our downside scenario.
  • The model range is unusually wide (161.64 TWD to 438.71 TWD). The outcome hinges heavily on assumptions, so read the point estimate with caution.

Price vs Fair Value (5 years)

172.53 TWD 42.20 TWD Fair Value 179.43 TWD Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 29, 2026.

How to read this chart

60‑month range 42.20 TWD – 172.53 TWD · fair‑value band 161.64 TWD – 438.71 TWD · the 154.50 TWD price screens below the 179.43 TWD fair value. Dashed = 300-day average. As of Aug 29, 2026.

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Analysis

CTCI Advanced Systems Inc. (5209) currently trades at 154.50 TWD, while our model-based Fair Value estimate is 179.43 TWD, implying the stock looks roughly 13.9% undervalued today. The Quality Score stands at 56/100 (solid quality), in the Technology sector. Bull case: the Multiples group reads highest at a median of 273.40 TWD per share, and 10 of the 15 models we run sit above the 154.50 TWD price. Bear case: the Asset-Based group reads lowest at 26.56 TWD, and 5 of the 15 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, CTCI Advanced Systems Inc. generated revenue of 5.1B TWD at a net margin of 10.0%. Revenue declined 23.2% year over year. It earns a return on equity of 63.8%. The stock trades on a trailing P/E of 11.4 (as of Jun 13, 2026). Fundamentals as of Aug 29, 2026

Our scenario range runs from 161.64 TWD (bear case) to 438.71 TWD (bull case); at 154.50 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 19% below its 52-week high and 50% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at 69% fair-value upside, at 16%, 5209 screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly 1.56 TWD per share, which is 0.9 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
Owner Earnings best evidence 208.97 TWD 265.93 TWD 367.75 TWD 74
EPV 170.29 TWD 190.91 TWD 208.70 TWD 71
ROIC Compounder 170.29 TWD 190.91 TWD 208.70 TWD 69
All 15 models by family
DCF Models
Owner Earnings best evidence 208.97 TWD 265.93 TWD 367.75 TWD 74
Earnings-Based
Graham-Dodd 109.36 TWD 191.53 TWD 235.00 TWD 64
EPV 170.29 TWD 190.91 TWD 208.70 TWD 71
Dividend Discount
Gordon GGM 99.02 TWD 125.35 TWD 151.74 TWD 67
DDM Multi-Stage 99.02 TWD 132.25 TWD 171.16 TWD 64
Multiples
P/E Multiple 217.11 TWD 289.48 TWD 361.85 TWD 63
P/S Multiple 205.05 TWD 273.40 TWD 341.75 TWD 58
P/B Multiple 53.51 TWD 71.35 TWD 89.18 TWD 55
EV/EBIT 244.27 TWD 312.46 TWD 380.65 TWD 66
EV/EBITDA 188.95 TWD 238.71 TWD 288.46 TWD 67
EV/Revenue 205.17 TWD 276.09 TWD 347.01 TWD 54
Asset-Based
NCAV (Graham) 19.82 TWD 26.56 TWD 39.64 TWD 54
Economic Profit
Residual Income 93.21 TWD 114.90 TWD 514.87 TWD 61
ROIC Compounder 170.29 TWD 190.91 TWD 208.70 TWD 69
Growth Earnings
Growth-Adj P/E 154.27 TWD 220.39 TWD 286.51 TWD 65

Widest divergence: Multiples (273.40 TWD) versus Asset-Based (26.56 TWD). Highest evidence: Owner Earnings (74).

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Key figures & financial health

P/E ratio 11.4 as of Jun 13, 2026
P/S ratio 0.98 P/E × margin
EPS (TTM) 17.67 TWD price ÷ EPS = P/E 11.4
Dividend yield 8.4% payout 73.6%
Net margin 8.6% FY2025
Return on equity 55.0% TTM
More key figures
Profitability
Return on assets (EBIT) 7.9% avg 5y
Operating margin 15.8% TTM
Growth
Revenue (TTM) 4.7B TWD TTM
Revenue growth (YoY) −29.7% 3y avg +10.8%
EPS growth (YoY) +3.3%
Balance sheet & cash flow
Free cash flow −73.2M TWD FY2025

Figures from reported company fundamentals · as of Aug 29, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 56/100

Of which business quality 53 · Market factors (momentum, volatility) 58

Profitability 64
Margins and returns on capital today
Quality Growth 41
Are margins and returns improving?
Cashflow 12
Earnings quality: real cash, not paper profit
Fin. Strength 76
Balance sheet, leverage, solvency risk
Investment 54
Disciplined investing over empire-building
Low Volatility 93
Calm price path (market factor)
Momentum 42
Price trend over the last 3–12 months (market factor)
52W Momentum 45
Distance to the 52-week high (market factor)
Net Issuance 77
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

CTCI Advanced Systems Inc., together with its subsidiaries, engineering, research, planning, design, purchase, integration, manufacture, installation, adjustment, maintenance, and operation of different software and hardware in Taiwan and internationally.

Full company description

CTCI Advanced Systems Inc., together with its subsidiaries, engineering, research, planning, design, purchase, integration, manufacture, installation, adjustment, maintenance, and operation of different software and hardware in Taiwan and internationally. It is also involved import and sales of computer software, hardware, and instruments; providing information software, data processing, and digital information development and application services; providing energy technology and internet identity services; long term care services; engineering and computer technical services; providing automation control, traffic tracking and communication engineering, safety equipment, piping engineering, and mechatronics services; and consulting on engineering and management. In addition, it provides geotechnical construction services, such as geological surveys, soil test analysis, and soil improvement, as well as planning, design, and supervision services for various civil and traffic construction projects. Further, the company provides Valmet D3, a DCS system and batch control management system. Additionally, it offers instrument installation engineering service, control system engineering service, system revamping engineering service, advanced process control system, dynamic simulation system, supervisory control and data acquisition system, calibration and loop test work, real time database and plant information management system, monitoring, control, and management system for transportation and storage of oil and gas. CTCI Advanced Systems Inc. was incorporated in 1987 and is headquartered in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

CTCI Advanced Systems Inc. reported revenue of 5.3B TWD in FY2025 versus 3.4B TWD in FY2021, a compound +11.6%/yr. Reported net income was 459M TWD in FY2025, compounding +13.9%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
5.3B TWD
Avg. revenue 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.
+23.0%
Value creation/yr (5Y, in TWD) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. Measured in TWD: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+18.5% · in TWD
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+10.1%
Dividend yield8.4%
Operating margin (EBIT) 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.3.9% (2021) → 9.7% (2025) · rising
Revenue +11.6%/yr
FY21 3.4B TWD
FY22 3.9B TWD
FY23 6.8B TWD
FY24 6.4B TWD
FY25 5.3B TWD
Net income +13.9%/yr
FY21 273M TWD
FY22 243M TWD
FY23 351M TWD
FY24 379M TWD
FY25 459M TWD

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Cite: Fair Value Calculator (2026). "CTCI Advanced Systems Inc. Fair Value". https://www.fairvalue-calculator.com/stock/5209.TWO

Peer Group

Information Technology Services · 488 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 56 · Below median
Fair Value upside +16% · Above median
Return on equity (TTM) 55% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 11% · Top 25%
Operating margin (TTM) 16% · Top 25%
Revenue growth −30% · Bottom 25%
Dividend yield (TTM) 8.4% · Top 25%

Valuation Multiples vs Information Technology Services median · lower = cheaper

P/E (TTM) 11.4× · Cheaper than 75% of peers
P/B 3.95× · Pricier than 75% of peers
P/S (TTM) 0.95× · Pricier than median
EV/EBITDA 6.1× · Cheaper than median

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE55 · sector 33
FUTURE0 · sector 30
PAST100 · sector 32
HEALTH100 · sector 97
DIVIDEND100 · sector 35

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

Similar stocks

10 more Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Aug 29, 2026).

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $235.59 $175.76 −25%
Accenture plc ACN $189.61 $334.27 +76%
Tata Consultancy Services Limited TCS ₹2,302 ₹3,473 +51%
Infosys Limited INFY ₹1,156 ₹1,958 +69%
HCL Technologies Limited HCLTECH ₹1,293 ₹1,722 +33%
Fiserv, Inc FI C$5.13 C$8.07 +57%
Wipro Limited WIT $1.83 $3.51 +92%
Fidelity National Information Services, Inc FIS $41.34 $19.28 −53%
Cognizant Technology Solutions Corporation CTSH $64.04 $132.01 +106%
Capgemini SE CAP €109.45 €222.79 +104%

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Frequently asked questions

Is CTCI Advanced Systems Inc. (5209) overvalued or undervalued?
As of Aug 29, 2026, our model estimates a fair value of 179.43 TWD versus a price of 154.50 TWD, about +16% upside (undervalued).
What is the fair value of 5209?
Our model-based fair value for CTCI Advanced Systems Inc. is 179.43 TWD (as of Aug 29, 2026), built from audited fundamentals. The current price: 154.50 TWD.
What is the quality score of 5209?
CTCI Advanced Systems Inc. has a Quality Score of 56/100. 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 CTCI Advanced Systems Inc. (5209)?
Our model-based price target is the fair value of 179.43 TWD (as of Aug 29, 2026) from 15 valuation models. Cautious scenario 161.64 TWD, optimistic scenario 438.71 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the CTCI Advanced Systems Inc. stock forecast for 2026?
Our models put fair value at 179.43 TWD, about +16% upside versus a price of 154.50 TWD (undervalued). Cautious scenario 161.64 TWD, optimistic scenario 438.71 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of CTCI Advanced Systems Inc. (5209)?
CTCI Advanced Systems Inc. reported trailing-twelve-month revenue of about 5.1B TWD (latest available figure, as of Aug 29, 2026).
What is the net profit margin of 5209?
The net profit margin of CTCI Advanced Systems Inc. is about 10.0%, meaning it keeps roughly 10.0% of revenue as net income. Based on the latest reported figures.
Does CTCI Advanced Systems Inc. pay a dividend?
CTCI Advanced Systems Inc. currently shows a dividend yield of about 8.41% relative to its recent price (as of Aug 29, 2026).
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