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Chicony Power Technology Co (6412) Fair Value & Analysis

Industrials · TW · Market cap 32.7B TWD

CP Chicony Power Technology Co 6412 · TW
Price78.20 TWD
Fair Value86.76 TWD
Upside+11.0%
Quality56/100
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Weak Growth
Thin margins · 6.2% net margin
Low debt · generates free cash flow
4.61% dividend yield
Ranks above peers (12/14)
Moderate moat 45/100
Evidence: High Range 61.18 TWD – 113.58 TWD Share as image

Fair value as of: Jul 21, 2026

From 24 valuation models · updated 19 days ago

Fair value updated Jul 21, 2026, revised from 86.88 TWD to 86.76 TWD (−0.1%) since Jul 12, 2026. Share price −12.1% over the past month.

A solid business, screening 11% undervalued on our models.

What matters now

  • A fairly wide model range (61.18 TWD to 113.58 TWD) leaves room in how you read the outcome.
  • Our model range runs from 61.18 TWD (bear) to 113.58 TWD (bull), base 86.76 TWD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 56/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

184.50 TWD 56.76 TWD Fair Value 86.76 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 56.76 TWD – 184.50 TWD · fair‑value band 61.18 TWD – 113.58 TWD · the 78.20 TWD price screens below the 86.76 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Chicony Power Technology Co (6412) currently trades at 78.20 TWD, while our model-based Fair Value estimate is 86.76 TWD, implying the stock looks roughly 11.0% undervalued today. The Quality Score stands at 56/100 (solid quality), in the Industrials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Chicony Power Technology Co generated revenue of 33.8B TWD at a net margin of 6.2%. Revenue declined 7.8% year over year. It earns a return on equity of 14.8%. Net debt stands at 18.6M TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 61.18 TWD (bear case) to 113.58 TWD (bull case); at 78.20 TWD, the current price sits within 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 37% below its 52-week high and 8% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at 11%, 6412 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
Growth DCF 47.32 TWD 59.46 TWD 80.05 TWD 80
Residual Income 36.94 TWD 44.16 TWD 77.61 TWD 76
Rev-Margin DCF 54.06 TWD 76.34 TWD 103.23 TWD 74
All 24 models by family
DCF Models
FCF DCF 46.00 TWD 58.50 TWD 81.37 TWD 38
Owner Earnings 79.18 TWD 103.74 TWD 148.69 TWD 31
5Y Revenue Exit 54.06 TWD 75.83 TWD 106.84 TWD 39
5Y EBITDA Exit 70.92 TWD 104.66 TWD 148.23 TWD 41
5Y P/E Exit 66.68 TWD 97.42 TWD 133.01 TWD 38
10Y Revenue Exit 49.26 TWD 67.88 TWD 89.62 TWD 36
10Y EBITDA Exit 61.04 TWD 86.97 TWD 117.16 TWD 37
10Y P/E Exit 58.43 TWD 82.18 TWD 107.03 TWD 35
Earnings-Based
Graham-Dodd 35.37 TWD 62.24 TWD 76.44 TWD 54
EPV 54.97 TWD 62.20 TWD 68.52 TWD 59
Dividend Discount
Gordon GGM 55.09 TWD 70.83 TWD 86.94 TWD 70
DDM Multi-Stage 55.09 TWD 74.85 TWD 98.80 TWD 61
Multiples
P/E Multiple 78.01 TWD 104.02 TWD 130.02 TWD 63
P/S Multiple 66.31 TWD 88.42 TWD 110.52 TWD 58
P/B Multiple 66.31 TWD 88.42 TWD 110.52 TWD 55
EV/EBIT 87.30 TWD 112.53 TWD 137.77 TWD 53
EV/EBITDA 97.44 TWD 126.05 TWD 154.67 TWD 54
EV/Revenue 62.63 TWD 84.50 TWD 106.37 TWD 43
Asset-Based
NCAV (Graham) 19.06 TWD 25.54 TWD 38.12 TWD 50
Growth DCF
Growth DCF 47.32 TWD 59.46 TWD 80.05 TWD 80
Rev-Margin DCF 54.06 TWD 76.34 TWD 103.23 TWD 74
Economic Profit
Residual Income 36.94 TWD 44.16 TWD 77.61 TWD 76
ROIC Compounder 55.81 TWD 64.56 TWD 73.67 TWD 72
Growth Earnings
Growth-Adj P/E 55.19 TWD 78.85 TWD 102.50 TWD 68

Widest divergence: Multiples (88.42 TWD) versus Asset-Based (25.54 TWD). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 33.8B TWD
Revenue growth (YoY) -7.8%
Net margin 6.2%
Return on equity 14.8%
Free cash flow 1.4B TWD FY2025
P/E ratio 17.8
More key figures
Operating margin 4.3%
EPS (TTM) 5.15 TWD
Dividend yield 4.1%
Net debt 18.6M TWD FY2025

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

Quality Score breakdown

Overall quality 56/100

Of which business quality 56 · Market factors (momentum, volatility) 35

Profitability 48
Margins and returns on capital today
Quality Growth 13
Are margins and returns improving?
Cashflow 36
Earnings quality: real cash, not paper profit
Fin. Strength 77
Balance sheet, leverage, solvency risk
Investment 77
Disciplined investing over empire-building
Low Volatility 69
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 6
Distance to the 52-week high (market factor)
Net Issuance 88
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

Chicony Power Technology Co., Ltd. engages in research, development, manufacturing, and trading of exchange-connected power supplies, electronic components and equipment, LED application products, and smart building systems in Taiwan, Asia, America, Europe, and internationally.

Full company description

Chicony Power Technology Co., Ltd. engages in research, development, manufacturing, and trading of exchange-connected power supplies, electronic components and equipment, LED application products, and smart building systems in Taiwan, Asia, America, Europe, and internationally. It provides adapters, eSports PC, and EV energy conservation, as well as embedded PSUs for a range of industries, including server, cloud, data center, storage, and communications. The company also offers LED backlight modules and automotive lighting for various applications in laptop, PC, smartphone, 3C peripherals, and automotive fields. In addition, it provides magnetics components, such as transformers, PFC chokes, and line filters; and smart building management platforms. Further, it provides LED lighting modules, energy-saving technology consulting, and management services, as well as production and sales of specialized electronic equipment, power supplies, modular power supplies, magnetic components, circuit boards, keyboards, motorcycle lights, and decorative lighting. Additionally, the company offers trading and import/export services, and energy-saving lighting equipment sales and installation. The company was founded in 2008 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

Chicony Power Technology Co reported revenue of 34.5B TWD in FY2025 versus 40.4B TWD in FY2021, a compound −3.9%/yr. Reported net income was 2.1B TWD in FY2025, compounding −7.3%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
34.5B TWD
Latest YoY
−7.3%
Avg. growth/yr (3Y)
−5.7%
Avg. growth/yr (5Y)
−0.2%
Avg. growth/yr (15Y)
+3.2%
Revenue −3.9%/yr
FY21 40.4B TWD
FY22 41.1B TWD
FY23 36.3B TWD
FY24 37.2B TWD
FY25 34.5B TWD
Net income −7.3%/yr
FY21 2.8B TWD
FY22 3.2B TWD
FY23 3.3B TWD
FY24 3.3B TWD
FY25 2.1B TWD

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Cite: Fair Value Calculator (2026). "Chicony Power Technology Co Fair Value". https://www.fairvalue-calculator.com/stock/6412

Peer Group

Electrical Equipment & Parts · 528 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 · Above median
Fair Value upside +11% · Top 25%
Return on equity (TTM) 15% · Top 25%
Return on assets 4% · Above median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 4% · Below median
Revenue growth -8% · Bottom 25%
Dividend yield (TTM) 4.6% · Top 25%
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper

P/E (TTM) 15.9× · Cheaper than 75% of peers
P/B 2.14× · Cheaper than median
P/S (TTM) 0.97× · Cheaper than median
P/FCF 0.8× · Cheaper than 75% of peers
EV/EBITDA 9.1× · 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 48 · sector 0
FUTURE 0 · sector 57
PAST 59 · sector 26
HEALTH 100 · sector 97
DIVIDEND 92 · sector 18

Insider activity: 45/100

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 Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Contemporary Amperex Technology Co 3750 HK$675.50 HK$391.44 -42%
ABB Ltd ABBN CHF 83.82 CHF 35.46 -58%
Delta Electronics (Thailand) Public Company TDED 10.16 SGD 1.47 SGD -86%
LG Energy Solution, Ltd 373220 334,000 KRW 201,455 KRW -40%
WEG S.A WEGE3 13,210 ARS 7,948 ARS -40%
Sungrow Power Supply Co 300274 ¥114.79 ¥123.83 +8%
Shenzhen Inovance Technology Co 300124 ¥63.43 ¥33.04 -48%
HD Hyundai Electric Co 267260 823,000 KRW 371,133 KRW -55%
LS ELECTRIC Co 010120 190,000 KRW 31,517 KRW -83%
Sieyuan Electric Co 002028 ¥151.73 ¥71.69 -53%

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Frequently asked questions

Is Chicony Power Technology Co (6412) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 86.76 TWD versus a price of 78.20 TWD, about +11% (undervalued).
What is the fair value of 6412?
Our model-based fair value for Chicony Power Technology Co is 86.76 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 78.20 TWD.
What is the quality score of 6412?
Chicony Power Technology Co 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 revenue of Chicony Power Technology Co (6412)?
Chicony Power Technology Co reported trailing-twelve-month revenue of about 33.8B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 6412?
The net profit margin of Chicony Power Technology Co is about 6.2%, meaning it keeps roughly 6.2% of revenue as net income. Based on the latest reported figures.
Does Chicony Power Technology Co pay a dividend?
Chicony Power Technology Co currently shows a dividend yield of about 4.05% relative to its recent price (as of Jul 21, 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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