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Nidec Chaun-Choung Technology Corporation (6230) Fair Value & Analysis

Technology · TW · Market cap 10.0B TWD

NC Nidec Chaun-Choung Technology Corporation 6230 · TW
Price110.00 TWD
Fair Value68.44 TWD
Upside-37.8%
Quality55/100
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Weak Growth
Loss-making · -2.4% net margin
Low debt · generates free cash flow
Mixed vs. peers (6/12)
Narrow moat 17/100
Evidence: Medium Range 58.36 TWD – 84.25 TWD Share as image

Fair value as of: Jul 21, 2026

From 12 valuation models · updated 20 days ago

Fair value updated Jul 21, 2026, revised from 68.53 TWD to 68.44 TWD (−0.1%) since Jul 12, 2026. Share price −11.3% over the past month.

A solid business, but screening 38% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (84.25 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

368.00 TWD 94.07 TWD Fair Value 68.44 TWD Mar 2021 Aug 2026

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

How to read this chart

60‑month range 94.07 TWD – 368.00 TWD · fair‑value band 58.36 TWD – 84.25 TWD · the 110.00 TWD price screens above the 68.44 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Nidec Chaun-Choung Technology Corporation (6230) currently trades at 110.00 TWD, while our model-based Fair Value estimate is 68.44 TWD, implying the stock looks roughly 37.8% overvalued today. The Quality Score stands at 55/100 (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: medium).

Over the trailing twelve months, Nidec Chaun-Choung Technology Corporation generated revenue of 9.3B TWD at a net margin of -2.4%. Revenue grew 8.1% year over year. It earns a return on equity of -3.8%. The balance sheet holds a net cash position of 3.0B TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 58.36 TWD (bear case) to 84.25 TWD (bull case); at 110.00 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 42% below its 52-week high and 4% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at -38%, 6230 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 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
Growth DCF 58.25 TWD 67.55 TWD 80.71 TWD 80
Rev-Margin DCF 54.97 TWD 64.20 TWD 74.67 TWD 74
Gordon GGM 2.04 TWD 4.24 TWD 6.72 TWD 70
All 12 models by family
DCF Models
FCF DCF 57.86 TWD 68.24 TWD 83.82 TWD 38
5Y Revenue Exit 54.97 TWD 64.08 TWD 75.52 TWD 39
5Y EBITDA Exit 63.86 TWD 80.51 TWD 99.76 TWD 41
10Y Revenue Exit 55.36 TWD 63.87 TWD 74.94 TWD 36
10Y EBITDA Exit 61.48 TWD 75.21 TWD 93.24 TWD 37
Dividend Discount
Gordon GGM 2.04 TWD 4.24 TWD 6.72 TWD 70
DDM Multi-Stage 2.04 TWD 3.28 TWD 4.45 TWD 61
Multiples
EV/EBITDA 70.83 TWD 81.70 TWD 92.57 TWD 54
EV/Revenue 54.21 TWD 61.06 TWD 67.91 TWD 43
Asset-Based
NCAV (Graham) 33.21 TWD 44.50 TWD 66.42 TWD 50
Growth DCF
Growth DCF 58.25 TWD 67.55 TWD 80.71 TWD 80
Rev-Margin DCF 54.97 TWD 64.20 TWD 74.67 TWD 74

Widest divergence: DCF Models (68.24 TWD) versus Dividend Discount (3.28 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 9.3B TWD
Revenue growth (YoY) +8.1%
Net margin -2.4%
Return on equity -3.8%
Free cash flow 152M TWD FY2025
Operating margin 0.8%
More key figures
EPS (TTM) -2.45 TWD
EPS growth (YoY) +463%
Net cash 3.0B TWD FY2025

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

Quality Score breakdown

Overall quality 55/100

Of which business quality 55 · Market factors (momentum, volatility) 26

Profitability 22
Margins and returns on capital today
Quality Growth 39
Are margins and returns improving?
Cashflow 22
Earnings quality: real cash, not paper profit
Fin. Strength 95
Balance sheet, leverage, solvency risk
Investment 96
Disciplined investing over empire-building
Low Volatility 42
Calm price path (market factor)
Momentum 24
Price trend over the last 3–12 months (market factor)
52W Momentum 11
Distance to the 52-week high (market factor)
Net Issuance 80
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

Nidec Chaun-Choung Technology Corporation processes, manufactures, and trades heat dissipation components for computer industry and related peripheral products in Taiwan, Mainland China, Singapore, and internationally. The company offers heat sinks, heat pipes, and heat flow modules.

Full company description

Nidec Chaun-Choung Technology Corporation processes, manufactures, and trades heat dissipation components for computer industry and related peripheral products in Taiwan, Mainland China, Singapore, and internationally. The company offers heat sinks, heat pipes, and heat flow modules. It also engages in the manufacturing, processing, and trading of computer cooling components. The company was formerly known as Chaun-Choung Technology Corp. and changed its name to Nidec Chaun-Choung Technology Corporation in January 2021. Nidec Chaun-Choung Technology Corporation was incorporated in 1973 and is based in New Taipei City, Taiwan

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Nidec Chaun-Choung Technology Corporation reported revenue of 9.1B TWD in FY2025 versus 11.0B TWD in FY2021, a compound −4.7%/yr. Reported net income was −211M TWD in FY2025.

Growth Quality 29/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
9.1B TWD
Latest YoY
+11.9%
Avg. 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.
−8.6%
Avg. 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.
−0.1%
Avg. growth/yr (23Y) 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.
+9.3%
Revenue −4.7%/yr
FY21 11.0B TWD
FY22 11.9B TWD
FY23 10.8B TWD
FY24 8.1B TWD
FY25 9.1B TWD
Net income
FY21 350M TWD
FY22 613M TWD
FY23 606M TWD
FY24 128M TWD
FY25 −211M TWD
Character of growth · EPS growth decomposed (2014-2025) −7.8 % p.a.
Revenue per share +4.6 pp

of which total revenue +4.6 pp · buybacks/dilution +0.0 pp

EBIT margin −13.2 pp
Tax rate −1.0 pp
Residual (interest, one-offs) +1.8 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

6230 screens 38% overvalued. Compare with Delta Electronics, Inc →

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Cite: Fair Value Calculator (2026). "Nidec Chaun-Choung Technology Corporation Fair Value". https://www.fairvalue-calculator.com/stock/6230

Peer Group

Electronic Components · 625 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 −38% · Above median
Return on assets -0% · Below median
Net margin (TTM) -2% · Bottom 25%
Operating margin (TTM) 1% · Below median
Revenue growth 8% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Electronic Components median · lower = cheaper

P/B 0.05× · Cheaper than 75% of peers
P/S (TTM) 0.03× · Cheaper than 75% of peers
P/FCF 2.1× · Pricier than median

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 41 · sector 32
PAST 0 · sector 24
HEALTH 100 · sector 95
DIVIDEND 0 · sector 25

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 Electronic Components stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,880 TWD 515.23 TWD -73%
Hon Hai Precision Industry Co 2317 242.50 TWD 270.47 TWD +12%
Luxshare Precision Industry Co 002475 ¥62.14 ¥38.44 -38%
Samsung Electro-Mechanics Co 009150 1,260,000 KRW 166,421 KRW -87%
Elite Material Co 2383 4,990 TWD 714.36 TWD -86%
Yageo Corporation 2327 699.00 TWD 216.55 TWD -69%
Shengyi Technology Co 600183 ¥132.29 ¥27.45 -79%
Shennan Circuits Co 002916 ¥364.00 ¥93.50 -74%
Victory Giant Technology (HuiZhou) Co 2476 HK$297.00 HK$103.98 -65%
Wus Printed Circuit (Kunshan) Co 002463 ¥127.80 ¥31.95 -75%

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Frequently asked questions

Is Nidec Chaun-Choung Technology Corporation (6230) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 68.44 TWD versus a price of 110.00 TWD, about −38% (overvalued).
What is the fair value of 6230?
Our model-based fair value for Nidec Chaun-Choung Technology Corporation is 68.44 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 110.00 TWD.
What is the quality score of 6230?
Nidec Chaun-Choung Technology Corporation 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 revenue of Nidec Chaun-Choung Technology Corporation (6230)?
Nidec Chaun-Choung Technology Corporation reported trailing-twelve-month revenue of about 9.3B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 6230?
The net profit margin of Nidec Chaun-Choung Technology Corporation is about -2.4%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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