Chunghwa Precision Test Tech Co Ltd (6510) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Chunghwa Precision Test Tech Co Ltd stock TWD 747, price TWD 2,305, that is 67.6% below the price, quality 88 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
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 351.68 TWD – 4,177 TWD · fair‑value band 523.17 TWD – 971.61 TWD · the 2,305 TWD price screens above the 747.39 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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Chunghwa Precision Test Tech. Co., Ltd., together with its subsidiaries, engages in the testing of semiconductor components in Taiwan, Republic of China, and internationally.
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The company is involved in the design, processing, assembly, production, and sale of printed circuit boards and related consultation services; and markets electronic products.
It also offers probe cards for use in wafer testing, as well as to examine wafer yields after production; load boards that are interface for yield testing after IC packaging during the back-end process of semiconductor manufacturing; and probing needles, which transmit signals to the substrate and the probe cards.
In addition, the company maintains and sells electronic parts and machinery processed products; invests in, retails, and wholesales electronic materials; investment activities; manufacture and retail of intellectual equipment, software and hardware system combination of intellectual factory and technology consulting services.
Chunghwa Precision Test Tech. Co., Ltd. was incorporated in 2005 and is based in Taoyuan City, Taiwan.
Stock analysis
Chunghwa Precision Test Tech Co Ltd (6510) currently trades at 2,305 TWD, while our model-based Fair Value estimate is 747.39 TWD, 68% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 901.92 TWD per share, and 0 of the 26 models we run sit above the 2,305 TWD price.
Bear case: the Dividend Discount group reads lowest at 98.45 TWD, and 26 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 523.17 TWD (bear) to 971.61 TWD (bull), the price of 2,305 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 88/100 (high quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Chunghwa Precision Test Tech Co Ltd reported revenue of 4.8B TWD in FY2025 versus 4.2B TWD in FY2021, a compound +3.2%/yr. Reported net income was 997M TWD in FY2025, compounding +2.8%/yr from FY2021.
Key figures
Market cap 75.6B TWD (≈ $2.3B) Mid · P/E ratio 54.7 · P/S ratio 12.4 · EPS (TTM) 42.17 TWD · Dividend yield 0.7% · Net margin 27.4% · Return on equity 17.4% · Return on assets (EBIT) 7.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 78 out of 100 (low confidence).
What moves the price
The share trades about 45% below its 52-week high and 58% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −2% fair-value upside, at −68%, 6510 screens richer than that median.
Fair Value models
Bear523.17 TWDFair Value 747.39 TWDBull971.61 TWD
Price 2,305 TWD · Downside -67.6%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (22.97 TWD per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.73/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+33.3%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+3.1%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+2.7%
Start year 2020 (pandemic)
Revenue growth 8 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+5.6%
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What shareholders gained per year (last 5 years), in TWD (mathematically smoothed) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. Measured in TWD: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−8.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−9.2%
Dividend (yield on the price)0.7%
Profit margin 2020 to 2025 ⓘ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.28% → 25%
2025 sits 96% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
Growth Forecast
Little optimism in the price
The price assumes more growth than the company has delivered so far and less than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+32.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+50.4%
Yearly sales growth analysts expect, extended to five years.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +30.3% a year for the price and +48.0% for the forecasts.
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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.Semiconductor Equipment & Materials · 235 stocks
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Cite: Fair Value Calculator (2026). "Chunghwa Precision Test Tech Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/6510
Frequently asked questions
Is Chunghwa Precision Test Tech Co Ltd (6510) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 747.39 TWD versus a price of 2,305 TWD, about 68% lower (overvalued).
What is the fair value of 6510?
Our model-based fair value for Chunghwa Precision Test Tech Co Ltd is 747.39 TWD (as of Nov 7, 2026), built from audited fundamentals. The current price: 2,305 TWD.
What is the quality score of 6510?
Chunghwa Precision Test Tech Co Ltd has a Quality Score of 88/100. 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 Chunghwa Precision Test Tech Co Ltd (6510)?
Our model-based price target is the fair value of 747.39 TWD (as of Nov 7, 2026) from 26 valuation models. Cautious scenario 523.17 TWD, optimistic scenario 971.61 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Chunghwa Precision Test Tech Co Ltd stock forecast for 2026?
Our models put fair value at 747.39 TWD, about 68% lower versus a price of 2,305 TWD (overvalued). Cautious scenario 523.17 TWD, optimistic scenario 971.61 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Chunghwa Precision Test Tech Co Ltd (6510)?
Chunghwa Precision Test Tech Co Ltd reported trailing-twelve-month revenue of about 6.1B TWD (latest available figure, as of Nov 7, 2026).
Does Chunghwa Precision Test Tech Co Ltd pay a dividend?
Chunghwa Precision Test Tech Co Ltd currently shows a dividend yield of 0.66% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Chunghwa Precision Test Tech Co Ltd (6510) and when is the ex-dividend date?
Chunghwa Precision Test Tech Co Ltd pays a dividend of 15.30 TWD per share a year, a dividend yield of 0.7%. The last ex-dividend date was Jul 9, 2026. A dividend has been paid every year since at least 2015. The payout ratio is 36.3% of earnings. Free cash flow covers the dividend 2.82 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Chunghwa Precision Test Tech Co Ltd (6510)?
For today's price to be fair in a discounted-cash-flow model, Chunghwa Precision Test Tech Co Ltd would have to grow free cash flow by +32.4 % per year for five years (discount rate 11.4 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +2.7 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of 6510 use?
Our models discount Chunghwa Precision Test Tech Co Ltd at 11.4 %: a base by market capitalisation (mid), damped by beta 1.43, country premium for Taiwan. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Chunghwa Precision Test Tech Co Ltd that is +32.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.4 %) and the same formula as our fair value.
How much growth has Chunghwa Precision Test Tech Co Ltd (6510) delivered so far?
Over the past 5 years revenue at Chunghwa Precision Test Tech Co Ltd grew +2.7 % a year. The price currently implies free-cash-flow growth of +32.4 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Chunghwa Precision Test Tech Co Ltd (6510) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Chunghwa Precision Test Tech Co Ltd (+32.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Chunghwa Precision Test Tech Co Ltd (6510)?
The free-cash-flow yield on the price is 1.87 %: that much free cash flow Chunghwa Precision Test Tech Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.4 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Chunghwa Precision Test Tech Co Ltd (6510)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Chunghwa Precision Test Tech Co Ltd it is 747.39 TWD per share (as of Nov 7, 2026), against a price of 2,305 TWD. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Chunghwa Precision Test Tech Co Ltd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 6510 trades above its calculated fair value: price 2,305 TWD, fair value 747.39 TWD, a gap of about −68% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 6510?
No. The price is what the market pays today (2,305 TWD); the fair value is what the company's own numbers justify (747.39 TWD). For Chunghwa Precision Test Tech Co Ltd the two are 1,558 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Chunghwa Precision Test Tech Co Ltd worth?
The market values Chunghwa Precision Test Tech Co Ltd at about 75.6B TWD (market capitalisation, as of Nov 7, 2026). Per share that is 2,305 TWD; our models calculate a fair value of 747.39 TWD per share.
What do the bullish and bearish scenarios say about 6510?
Our models span a range for Chunghwa Precision Test Tech Co Ltd: cautious scenario 523.17 TWD, base 747.39 TWD, optimistic 971.61 TWD per share (as of Nov 7, 2026, price 2,305 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6510?
Chunghwa Precision Test Tech Co Ltd trades at a price-to-earnings ratio of 54.7 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 747.39 TWD is built from several models across several years. Median P/E at fiscal year-end, 9 fiscal years (2017 to 2025), reported earnings, FY2025 ex one-offs: 51.0. Other multiples: P/B 8.6, P/S 12.4, EV/EBITDA 30.6.
How solid is the balance sheet of Chunghwa Precision Test Tech Co Ltd (6510)?
Balance-sheet figures for Chunghwa Precision Test Tech Co Ltd (as of Nov 7, 2026): return on equity 17.4%. They feed the Quality Score of 88/100, which measures business quality independently of the share price.
How far is 6510 from its 52-week high?
Chunghwa Precision Test Tech Co Ltd trades at 2,305 TWD, about 45% below its 52-week high of 4,177 TWD and 58% above the low of 1,457 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 747.39 TWD is for.
Which stocks are comparable to Chunghwa Precision Test Tech Co Ltd?
From the same area (Technology) we also value ASML Holding, Applied Materials, Inc, Lam Research Corporation, KLA Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Chunghwa Precision Test Tech Co Ltd stock attractive at the current price?
The data as of Nov 7, 2026: price 2,305 TWD, calculated fair value 747.39 TWD (−68%), Quality Score 88/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 6510 calculated?
We run Chunghwa Precision Test Tech Co Ltd through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 747.39 TWD builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.0% above its aggregate fair value. Chunghwa Precision Test Tech Co Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Chunghwa Precision Test Tech Co Ltd (6510)?
The closing price on Nov 6, 2026 was 2,305 TWD. Our model-based fair value is 747.39 TWD, about 68% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Chunghwa Precision Test Tech Co Ltd right now?
A high-quality business (quality 88/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety. The price sits above even our optimistic bull case (971.61 TWD). The favourable scenario is already priced in. A fairly wide model range (523.17 TWD to 971.61 TWD) leaves room in how you read the outcome.
Key figures of Chunghwa Precision Test Tech Co Ltd
How large is the market capitalisation of Chunghwa Precision Test Tech Co Ltd (6510)?
The market capitalisation of Chunghwa Precision Test Tech Co Ltd is 75.6B TWD (≈ $2.3B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Chunghwa Precision Test Tech Co Ltd (6510)?
The price-to-sales ratio of Chunghwa Precision Test Tech Co Ltd is 12.4 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Chunghwa Precision Test Tech Co Ltd (6510)?
Earnings per share at Chunghwa Precision Test Tech Co Ltd are 42.17 TWD (price ÷ EPS = P/E 54.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Chunghwa Precision Test Tech Co Ltd (6510)?
The dividend yield of Chunghwa Precision Test Tech Co Ltd is 0.7% (payout 36.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Chunghwa Precision Test Tech Co Ltd (6510)?
The net margin of Chunghwa Precision Test Tech Co Ltd is 27.4% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Chunghwa Precision Test Tech Co Ltd (6510)?
The return on equity (ROE) of Chunghwa Precision Test Tech Co Ltd is 17.4% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Chunghwa Precision Test Tech Co Ltd (6510)?
On an EBIT basis the return on assets of Chunghwa Precision Test Tech Co Ltd is 7.9% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Chunghwa Precision Test Tech Co Ltd (6510)?
The operating margin of Chunghwa Precision Test Tech Co Ltd is 35.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Chunghwa Precision Test Tech Co Ltd (6510)?
Revenue at Chunghwa Precision Test Tech Co Ltd is growing +53.4% versus a year earlier (3y avg +3.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Chunghwa Precision Test Tech Co Ltd (6510)?
Earnings per share at Chunghwa Precision Test Tech Co Ltd are growing +96.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Chunghwa Precision Test Tech Co Ltd (6510) hold?
Chunghwa Precision Test Tech Co Ltd holds more cash than debt, 2.7B TWD net (fiscal year 2023). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 7, 2026