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Chipbond Technology Corporation (6147) Fair Value & Analysis

Technology · TW · Market cap 147B TWD

CT Chipbond Technology Corporation 6147 · TWO
Price146.50 TWD
Fair Value74.56 TWD
Upside-49.1%
Quality53/100
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Weak Growth
Solidly profitable · 11.5% net margin
Low debt · negative free cash flow
1.29% dividend yield
Ranks above peers (10/14)
Moderate moat 46/100
Evidence: High Range 56.65 TWD – 93.02 TWD Share as image

Fair value as of: Jul 16, 2026

From 17 valuation models · updated 25 days ago

Fair value updated Jul 16, 2026, revised from 63.49 TWD to 74.56 TWD (+17.4%) since Jul 12, 2026. Share price −26.6% over the past month.

A solid business, but screening 49% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (93.02 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

305.50 TWD 49.45 TWD Fair Value 74.56 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 16, 2026.

How to read this chart

60‑month range 49.45 TWD – 305.50 TWD · fair‑value band 56.65 TWD – 93.02 TWD · the 146.50 TWD price screens above the 74.56 TWD fair value. Dashed = 300-day average. As of Jul 16, 2026.

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Analysis

Chipbond Technology Corporation (6147) currently trades at 146.50 TWD, while our model-based Fair Value estimate is 74.56 TWD, implying the stock looks roughly 49.1% overvalued today. The Quality Score stands at 53/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Chipbond Technology Corporation generated revenue of 22.1B TWD at a net margin of 11.5%. Revenue grew 11.9% year over year. It earns a return on equity of 5.5%. The balance sheet holds a net cash position of 4.3B TWD. Fundamentals as of Jul 16, 2026

Our scenario range runs from 56.65 TWD (bear case) to 93.02 TWD (bull case); at 146.50 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 53% below its 52-week high and 192% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -75% fair-value upside, at -49%, 6147 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.

Model BearBaseBull Evidence
Highest evidence
Residual Income 50.51 TWD 52.48 TWD 53.21 TWD 76
ROIC Compounder 28.37 TWD 31.85 TWD 34.90 TWD 72
Gordon GGM 34.44 TWD 71.60 TWD 113.58 TWD 70
All 17 models by family
DCF Models
Owner Earnings 17.30 TWD 22.20 TWD 29.43 TWD 31
Earnings-Based
Graham-Dodd 25.35 TWD 69.10 TWD 90.60 TWD 54
Lynch FV 13.65 TWD 19.49 TWD 25.34 TWD 50
PEG = 1.0 13.65 TWD 19.49 TWD 25.34 TWD 46
EPV 28.37 TWD 31.85 TWD 34.90 TWD 59
Dividend Discount
Gordon GGM 34.44 TWD 71.60 TWD 113.58 TWD 70
DDM Multi-Stage 34.44 TWD 53.87 TWD 74.51 TWD 61
Multiples
P/E Multiple 55.91 TWD 74.55 TWD 93.18 TWD 63
P/S Multiple 47.52 TWD 63.36 TWD 79.21 TWD 58
P/B Multiple 47.52 TWD 63.36 TWD 79.21 TWD 55
EV/EBIT 51.00 TWD 65.50 TWD 80.01 TWD 53
EV/EBITDA 78.16 TWD 101.73 TWD 125.29 TWD 54
EV/Revenue 36.81 TWD 49.38 TWD 61.96 TWD 43
Asset-Based
NCAV (Graham) 31.81 TWD 42.62 TWD 63.62 TWD 50
Economic Profit
Residual Income 50.51 TWD 52.48 TWD 53.21 TWD 76
ROIC Compounder 28.37 TWD 31.85 TWD 34.90 TWD 72
Growth Earnings
Growth-Adj P/E 44.44 TWD 63.49 TWD 82.54 TWD 68

Widest divergence: Growth Earnings (63.49 TWD) versus Earnings-Based (19.49 TWD). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 22.1B TWD
Revenue growth (YoY) +11.9%
Net margin 11.5%
Return on equity 5.5%
Free cash flow −1.6B TWD FY2025
P/E ratio 53.8
More key figures
Operating margin 13.7%
EPS (TTM) 3.68 TWD
Dividend yield 1.3%
EPS growth (YoY) -35.5%
Net cash 4.3B TWD FY2023

Figures from reported company fundamentals · as of Jul 16, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 52 · Market factors (momentum, volatility) 58

Profitability 34
Margins and returns on capital today
Quality Growth 30
Are margins and returns improving?
Cashflow 28
Earnings quality: real cash, not paper profit
Fin. Strength 88
Balance sheet, leverage, solvency risk
Investment 55
Disciplined investing over empire-building
Low Volatility 4
Calm price path (market factor)
Momentum 87
Price trend over the last 3–12 months (market factor)
52W Momentum 68
Distance to the 52-week high (market factor)
Net Issuance 84
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.

About the company

Chipbond Technology Corporation, together with its subsidiaries, engages in the research, development, manufacture, and sale of driver IC and non-driver IC packaging and testing services in Taiwan and internationally.

Full company description

Chipbond Technology Corporation, together with its subsidiaries, engages in the research, development, manufacture, and sale of driver IC and non-driver IC packaging and testing services in Taiwan and internationally. The company offers back and front side metallization processing services; bumping manufacturing services, including gold, solder, and copper bumping services; redistribution layer services; test services; and die processing services, such as wafer grinding/thinning, dicing, and tape-and-reel processes, as well as chip-on-film, chip on glass, chip-on-plastic, packaging attachment, and wafer level chip scale packaging services. It also provides compound semiconductors including SiGe, GaAs, GaN, SiC, and other wafers; flexible tape-and-reel circuit substrate; and chip tray. In addition, it develops, manufactures, packages, tests, sells, and after-sale services of integrated circuit and special materials for semiconductors; invests in, develops, manufactures, and sells electronic components; and manufactures and sales elements. Chipbond Technology Corporation was incorporated in 1997 and is based in Hsinchu City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Chipbond Technology Corporation reported revenue of 21.5B TWD in FY2025 versus 27.1B TWD in FY2021, a compound −5.7%/yr. Reported net income was 2.8B TWD in FY2025, compounding −18.0%/yr from FY2021.

Growth Quality 22/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
21.5B TWD
Latest YoY
+5.5%
Avg. growth/yr (3Y)
−3.7%
Avg. growth/yr (5Y)
−0.7%
Avg. growth/yr (19Y)
+9.1%
Revenue −5.7%/yr
FY21 27.1B TWD
FY22 24.0B TWD
FY23 20.1B TWD
FY24 20.3B TWD
FY25 21.5B TWD
Net income −18.0%/yr
FY21 6.1B TWD
FY22 6.2B TWD
FY23 4.0B TWD
FY24 4.1B TWD
FY25 2.8B TWD

6147 screens 49% overvalued. Compare with ASML Holding →

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Cite: Fair Value Calculator (2026). "Chipbond Technology Corporation Fair Value". https://www.fairvalue-calculator.com/stock/6147

Peer Group

Semiconductor Equipment & Materials · 211 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 53 · Below median
Fair Value upside −49% · Above median
Return on equity (TTM) 6% · Below median
Return on assets 3% · Below median
Net margin (TTM) 12% · Above median
Operating margin (TTM) 14% · Above median
Revenue growth 12% · Above median
Dividend yield (TTM) 1.3% · Above median
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Semiconductor Equipment & Materials median · lower = cheaper

P/E (TTM) 53.8× · Cheaper than median
P/B 3.11× · Cheaper than median
P/S (TTM) 6.68× · Pricier than median
EV/EBITDA 26.7× · Cheaper than median
PEG 0.48× · Cheaper than 75% of peers

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.

VALUE 0 · sector 0
FUTURE 60 · sector 58
PAST 22 · sector 30
HEALTH 99 · sector 96
DIVIDEND 26 · sector 16

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Semiconductor Equipment & Materials stocks, each showing price versus our Fair Value estimate (as of Jul 16, 2026).

Stock Price Fair Value vs Fair Value
ASML Holding ASML C$50.50 C$15.57 -69%
Applied Materials, Inc AMAT $579.43 $143.08 -75%
Lam Research Corporation LRCX $346.10 $67.57 -80%
KLA Corporation KLAC $212.75 $53.01 -75%
NAURA Technology Group 002371 ¥774.20 ¥151.43 -80%
Advanced Micro-Fabrication Equipment Inc 688012 ¥350.69 ¥41.79 -88%
Piotech Inc 688072 ¥832.00 ¥431.44 -48%
Hon. Precision, Inc 7769 6,005 TWD 1,804 TWD -70%
Hangzhou Changchuan Technology Co 300604 ¥325.24 ¥33.33 -90%
MPI Corporation 6223 5,600 TWD 609.44 TWD -89%

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Frequently asked questions

Is Chipbond Technology Corporation (6147) overvalued or undervalued?
As of Jul 16, 2026, our model estimates a fair value of 74.56 TWD versus a price of 146.50 TWD, about −49% (overvalued).
What is the fair value of 6147?
Our model-based fair value for Chipbond Technology Corporation is 74.56 TWD (as of Jul 16, 2026), built from audited fundamentals. The current price is 146.50 TWD.
What is the quality score of 6147?
Chipbond Technology Corporation has a Quality Score of 53/100. 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 revenue of Chipbond Technology Corporation (6147)?
Chipbond Technology Corporation reported trailing-twelve-month revenue of about 22.1B TWD (latest available figure, as of Jul 16, 2026).
What is the net profit margin of 6147?
The net profit margin of Chipbond Technology Corporation is about 11.5%, meaning it keeps roughly 11.5% of revenue as net income. Based on the latest reported figures.
Does Chipbond Technology Corporation pay a dividend?
Chipbond Technology Corporation currently shows a dividend yield of about 1.29% relative to its recent price (as of Jul 16, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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