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CGS International Inc. (5310) Fair Value & Analysis

Technology · TW · Market cap 724M TWD (≈ $22.9M)

What is CGS International Inc. really worth?

CI CGS International Inc. 5310 · TWO
Price24.25 TWD
Fair Value8.85 TWD
Upside−63.5%
Quality55/100

A solid business, but trading 174% above our fair value of 8.85 TWD.

As of Aug 21, 2026, the fair value of CGS International Inc. is 8.85 TWD per share against a price of 24.25 TWD, so the fair value sits 64% below the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Risks

!Weak Growth (revenue 5y −62.1 %/yr)
!Low debt · negative free cash flow
!Mixed vs. peers (4/9)
!Narrow moat 17/100
!Evidence only low, so the estimate is less certain
!Weak on past: 3 out of 100
Evidence: Low Range 6.64 TWD – 11.06 TWD

Fair value as of: Aug 21, 2026

From 7 valuation models · updated 16 days ago

Share price −4.9% 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 sits above even our optimistic bull case (11.06 TWD). The favourable scenario is already priced in.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
  • Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder.

Price vs Fair Value (5 years)

55.60 TWD 20.45 TWD Fair Value 8.85 TWD Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 21, 2026.

How to read this chart

60‑month range 20.45 TWD – 55.60 TWD · fair‑value band 6.64 TWD – 11.06 TWD · the 24.25 TWD price screens above the 8.85 TWD fair value. Dashed = 300-day average. As of Aug 21, 2026.

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Analysis

CGS International Inc. (5310) currently trades at 24.25 TWD, while our model-based Fair Value estimate is 8.85 TWD, implying the stock looks roughly 174.0% overvalued today. The Quality Score stands at 55/100 (solid quality), in the Technology sector. Bull case: the Growth Earnings group reads highest at a median of 10.96 TWD per share, and 0 of the 7 models we run sit above the 24.25 TWD price. Bear case: the Earnings-Based group reads lowest at 4.34 TWD, and 7 of the 7 models stay below the price. Evidence for this calculation is low.

Trailing-twelve-month revenue stands at 819K TWD. Revenue declined 79.1% year over year. It earns a return on equity of 5.7%. Net debt stands at 25.2M TWD. Fundamentals as of Aug 21, 2026

Our scenario range runs from 6.64 TWD (bear case) to 11.06 TWD (bull case); at 24.25 TWD, the current price sits above 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 47% below its 52-week high and 10% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at −53% fair-value upside, at −64%, 5310 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 0.3547 TWD per share, which is 4.0 % 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
Residual Income best evidence 6.90 TWD 6.88 TWD 6.29 TWD 68
Graham-Dodd 3.55 TWD 4.34 TWD 4.88 TWD 65
Growth-Adj P/E 7.67 TWD 10.96 TWD 14.24 TWD 65
All 7 models by family
Earnings-Based
Graham-Dodd 3.55 TWD 4.34 TWD 4.88 TWD 65
Multiples
P/E Multiple 10.97 TWD 14.62 TWD 18.28 TWD 63
P/S Multiple 0.1200 TWD 0.1600 TWD 0.1900 TWD 58
P/B Multiple 6.66 TWD 8.88 TWD 11.10 TWD 55
Asset-Based
NCAV (Graham) 4.71 TWD 6.32 TWD 9.43 TWD 54
Economic Profit
Residual Income best evidence 6.90 TWD 6.88 TWD 6.29 TWD 68
Growth Earnings
Growth-Adj P/E 7.67 TWD 10.96 TWD 14.24 TWD 65

Widest divergence: Growth Earnings (10.96 TWD) versus Earnings-Based (4.34 TWD). Highest evidence: Residual Income (68).

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Key figures & financial health

P/E ratio 46.6
EPS (TTM) 0.5200 TWD price ÷ EPS = P/E 46.6
Net margin 241% TTM
Return on equity 0.8% TTM
Return on assets (EBIT) −8.4% avg 5y
Operating margin −7,195% TTM
More key figures
Growth
Revenue (TTM) 849K TWD TTM
Revenue growth (YoY) +31.9% 3y avg −59.0%
EPS growth (YoY) −89.0%
Balance sheet & cash flow
Free cash flow −34.9M TWD FY2025
Net debt 25.2M TWD FY2024

Figures from reported company fundamentals · as of Aug 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 55/100

Of which business quality 58 · Market factors (momentum, volatility) 35

Profitability 35
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 33
Earnings quality: real cash, not paper profit
Fin. Strength 99
Balance sheet, leverage, solvency risk
Investment 54
Disciplined investing over empire-building
Low Volatility 71
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 5
Distance to the 52-week high (market factor)
Net Issuance 82
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

CGS International Inc., together with its subsidiaries, engages in the design, manufacture, assembly, rental, and distribution of computer software, hardware, and its peripheral equipment in Taiwan.

Full company description

CGS International Inc., together with its subsidiaries, engages in the design, manufacture, assembly, rental, and distribution of computer software, hardware, and its peripheral equipment in Taiwan. The company offers computer graphics display cards, electronic components, and electrical equipment; and system integration, maintenance, repair, information, and online gaming services. It also engages in the development and sale of mobile and platform game software; and planning, development, sale, implementation, consulting, and advisory of software products. In addition, the company offers NAKIVO backup, redundancy, offsite copying, cloud backup, comprehensive data deduplication, rapid virtual machine and object recovery, backup copying, and recovery confirmation mechanism services; Tiangang character creation systems; Cristie standalone backup and recovery software for data protection; bare machinery recovery for IBM Tivoli storage manager; Acronis Backup 12, which provides the ability to back up and protect company data; hydrophobic bio-oil adhesives; Blancco software removal software and mobile device diagnostics. Further, it provides financial industry integration, credit card center, project C, high data availability, and electronic invoice system planning and construction solutions. Additionally, it serves the financial, high-tech, government and education, retail distribution, and other industries. CGS International Inc. was founded in 1989 and is headquartered in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

CGS International Inc. reported revenue of 819K TWD in FY2025 versus 23.3M TWD in FY2021, a compound −56.7%/yr. Reported net income was 15.1M TWD in FY2025.

Growth Quality 19/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
819K TWD
Latest YoY
−40.1%
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.
−59.0%
Avg. revenue 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.
−62.1%
Avg. revenue growth/yr (6Y) 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.
−63.2%
EBIT 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.
−113.9% (2020) → −4,415.5% (2025)
Value creation/yr We only publish this rate when it is defensible. Reason: rate outside our plausibility band
not computed
Revenue −56.7%/yr
FY21 23.3M TWD
FY22 11.9M TWD
FY23 12.3M TWD
FY24 1.4M TWD
FY25 819K TWD
Net income
FY21 −33.1M TWD
FY22 −31.0M TWD
FY23 355K TWD
FY24 87.5M TWD
FY25 15.1M TWD

5310 screens 174% overvalued. Compare with Dell Technologies Inc →

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Cite: Fair Value Calculator (2026). "CGS International Inc. Fair Value". https://www.fairvalue-calculator.com/stock/5310.TWO

Peer Group

Computer Hardware · 222 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 55 · Above median
Fair Value upside −64% · Bottom 25%
Return on equity (TTM) 1% · Below median
Return on assets −11% · Bottom 25%
Revenue growth 32% · Above median
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Computer Hardware median · lower = cheaper

P/E (TTM) 46.6× · Pricier than median
P/B 0.08× · Cheaper than 75% of peers
P/S (TTM) 26.93× · Pricier than 75% of peers

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
VALUE0 · sector 4
FUTURE100 · sector 59
PAST3 · sector 24
HEALTH99 · sector 97
DIVIDEND0 · sector 37

VALUE 0: the price sits above our fair-value range.

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 Computer Hardware stocks, each showing price versus our Fair Value estimate (as of Aug 21, 2026).

Stock Price Fair Value vs Fair Value
Dell Technologies Inc DELL $456.24 $187.75 −59%
Arista Networks, Inc ANET $193.78 $57.72 −70%
Western Digital Corporation WDC $441.57 $47.49 −89%
Hygon Information Technology Co 688041 ¥246.21 ¥30.66 −88%
Hangzhou Hikvision Digital Technology Co 002415 ¥35.18 ¥40.44 +15%
Shenzhen Longsys Electronics Co 301308 ¥376.88 ¥91.67 −76%
Lenovo Group 0992 HK$30.12 HK$33.70 +12%
Dawning Information Industry Co 603019 ¥83.19 ¥39.38 −53%
HP Inc HPQ $30.52 $48.62 +59%
Inspur Electronic Information Industry Co 000977 ¥73.79 ¥44.02 −40%

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Frequently asked questions

Is CGS International Inc. (5310) overvalued or undervalued?
As of Aug 21, 2026, our model estimates a fair value of 8.85 TWD versus a price of 24.25 TWD, about −64% upside (overvalued).
What is the fair value of 5310?
Our model-based fair value for CGS International Inc. is 8.85 TWD (as of Aug 21, 2026), built from audited fundamentals. The current price: 24.25 TWD.
What is the quality score of 5310?
CGS International Inc. has a Quality Score of 55/100. 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 CGS International Inc. (5310)?
Our model-based price target is the fair value of 8.85 TWD (as of Aug 21, 2026) from 7 valuation models. Cautious scenario 6.64 TWD, optimistic scenario 11.06 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the CGS International Inc. stock forecast for 2026?
Our models put fair value at 8.85 TWD, about −64% upside versus a price of 24.25 TWD (overvalued). Cautious scenario 6.64 TWD, optimistic scenario 11.06 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of CGS International Inc. (5310)?
CGS International Inc. reported trailing-twelve-month revenue of about 819K TWD (latest available figure, as of Aug 21, 2026).
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