Cheng Fwa Industrial Ltd (5426) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Cheng Fwa Industrial Ltd stock TWD 9.17, price TWD 25.55, that is 64.1% below the price, quality 58 out of 100. Rating: strongly overvalued. Calculated from audited financials with 15 of our 26 valuation models and 37 quality factors, updated daily.
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Cheng Fwa Industrial Ltd
5426 · TWOOur calculation puts a fair price 64% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range 9.87 TWD – 42.75 TWD · fair‑value band 6.35 TWD – 10.63 TWD · the 25.55 TWD price screens above the 9.17 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Company profile
Cheng Fwa Industrial Co., Ltd. manufactures, processes, and supplies precision-stamping metal parts for THE computer, telecommunication, networking, and electronic industries in Taiwan and internationally.
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It offers components for printer parts, electronic components, PDA and PDA LCD frame, spring, notebook parts, panel, air compressor, web camera shield, and tuner chassis; tel-communication box, IPC chassis, storage server chassis.
PC case, satellite disc antennas, web cam, set top box, and kiosk products for industrial PC and servers of the electronic industry; and custom plastic injection molding for medical devices and components, as well as products for lighting, automotive, and instrumentation industries; and server slide rail.
The company also provides design and engineering; rapid prototyping/soft tool production; tooling development/maintenance; precision metal stamping/fabrication; finish processing/assembling; and plastic injection services.
In addition, it is involved in the manufacture and sales of industrial computer casings and their accessories, and plastic products. Cheng Fwa Industrial Co., Ltd. was founded in 1961 and is headquartered in New Taipei City, Taiwan.
Stock analysis
Cheng Fwa Industrial Ltd (5426) currently trades at 25.55 TWD, while our model-based Fair Value estimate is 9.17 TWD, 64% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of 9.94 TWD per share, and 0 of the 15 models we run sit above the 25.55 TWD price.
Bear case: the Asset-Based group reads lowest at 5.51 TWD, and 15 of the 15 models stay below the price. Data coverage for this calculation is low.
Scenario range: 6.35 TWD (bear) to 10.63 TWD (bull), the price of 25.55 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 58/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Cheng Fwa Industrial Ltd reported revenue of 1.8B TWD in FY2025 versus 1.7B TWD in FY2021, a compound +1.4%/yr. Reported net income was 74.3M TWD in FY2025.
Key figures
Market cap 3.7B TWD (≈ $112M) Micro · P/E ratio 39.9 · P/S ratio 1.96 · EPS (TTM) 0.6400 TWD · Dividend yield 1.4% · Net margin 4.8% · Return on equity 4.1% · Return on assets (EBIT) 0.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 30 out of 100 (low confidence).
What moves the price
The share trades about 36% below its 52-week high and 44% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −38% fair-value upside, at −64%, 5426 screens richer than that median.
Fair Value models
All 15 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Revenue & earnings trend
5426 screens overvalued: fair value 64% below the price. Compare with ATI Inc →
Compare Cheng Fwa Industrial Ltd with another stock
Price, fair value, quality and upside side by side.
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.Metal Fabrication · 260 stocks
Valuation Multiplesvs Metal Fabrication median · lower = cheaper
Strength profile in five axes (Snowflake)
VALUE 0: the price sits above our fair-value range.
Context: sector, industry, market
- Is the Industrials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Quality Score by industry
- Return on equity by industry
- PEG screener for stocks with fair value
- Undervalued stocks: Industrials
- Undervalued stocks: Taiwanese Stocks
- Valuation of the Taiwan market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Metal Fabrication stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| China International Marine Containers (Group) Co 000039 | ¥9.57 | ¥13.02 | +36% | vs 5426 |
| Commercial Metals Company CMC | $62.28 | $83.04 | +33% | vs 5426 |
| Mueller Industries, Inc MLI | $52.96 | $50.63 | −4% | vs 5426 |
| ESAB Corporation ESAB | $82.83 | $56.91 | −31% | vs 5426 |
| Western Superconducting Technologies Co 688122 | ¥43.25 | ¥26.76 | −38% | vs 5426 |
| Carpenter Technology Corporation CRS | $278.31 | $140.03 | −50% | vs 5426 |
| SINOMACH HEAVY EQUIPMENT GROUP CO.,LTD researches, 601399 | ¥3.08 | ¥1.42 | −54% | vs 5426 |
| ATI Inc ATI | $175.79 | $46.69 | −73% | vs 5426 |
| Bharat Forge Limited BHARATFORG | ₹1,740 | ₹390.35 | −78% | vs 5426 |
| JL Mag Rare-Earth Co 300748 | ¥24.10 | ¥5.06 | −79% | vs 5426 |
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Key figures of Cheng Fwa Industrial Ltd
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