Brave C&H Supply Co Ltd (6538) fair value: what the stock is really worth
As of Oct 22, 2026: fair value (intrinsic value) of Brave C&H Supply Co Ltd stock TWD 56.48, price TWD 286, upside -80.3%, quality 58 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Fair value above price?No
Good quality?Yes
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 25, 2026.
How to read this chart
60‑month range 60.90 TWD – 445.50 TWD · fair‑value band 42.47 TWD – 70.48 TWD · the 286.00 TWD price screens above the 56.48 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Oct 25, 2026.
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Brave C&H Supply Co.,Ltd., together with its subsidiaries, manufactures and sells precision screens and screen-printing materials in Taiwan and China.
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It provides plate cleaner, stainless steel mesh, teflon, nylon mesh, dust-free wiping cloth, solar-powered carbon fiber scraper, tension meter, peeling powder, wire frames, filler, degreasing agent, high-sensitivity photosensitive emulsion, and scrapers; filter belt and filter cloth; and pad printing consumables.
The company also offers screen printing products for solar energy, photoelectric, biotechnology sector, as well as offers passive components. Brave C&H Supply Co.,Ltd. was founded in 1983 and is headquartered in Taoyuan City, Taiwan.
Stock analysis
Brave C&H Supply Co Ltd (6538) currently trades at 286.00 TWD, while our model-based Fair Value estimate is 56.48 TWD, 80.3% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 89.59 TWD per share, and 1 of the 24 models we run sit above the 286.00 TWD price.
Bear case: the Earnings-Based group reads lowest at 15.64 TWD, and 23 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: 42.47 TWD (bear) to 70.48 TWD (bull), the price of 286.00 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 Technology sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Brave C&H Supply Co Ltd reported revenue of 1.4B TWD in FY2025 versus 1.3B TWD in FY2021, a compound +2.3%/yr. Reported net income was 42.9M TWD in FY2025, compounding −27.4%/yr from FY2021.
Key figures
Market cap 13.9B TWD (≈ $426M) Small · P/E ratio 159.8 · P/S ratio 10.5 · EPS (TTM) 1.79 TWD · Dividend yield 0.5% · Net margin 5.0% · Return on equity 3.5% · Return on assets (EBIT) 10.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (low confidence).
What moves the price
The share trades about 36% below its 52-week high and 370% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −44% fair-value upside, at −80%, 6538 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (15.64 TWD to 306.73 TWD). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear42.47 TWDFair Value 56.48 TWDBull70.48 TWD
Price 286.00 TWD · Upside -80.3%
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 (0.2368 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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−34.5%
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.
−0.9%
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.
−5.7%
Start year 2020 (pandemic). Over 10 years: +0.3% a year
Revenue growth 13 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.
+1.3%
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What shareholders gained per year (last 5 years), in TWD ⓘ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. 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.
−31.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year−31.8%
Dividend (yield on the price)0.5%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−31.8% vs −15.9%, slowing
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.31% → 9%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far.
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).
+20.6%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +18.7% a year for the price.
Compare Brave C&H Supply Co Ltd with another stock
Price, fair value, quality and upside side by side.
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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.Electronic Components · 635 stocks
Beats the industry median on 2/14 measures
Overall it trails its industry peers.
Valuation
Quality Score58 · Above median
Fair Value upside−80.3% · Bottom 25%
Profitability
Return on equity (12 months)3.5% · Below median
Return on assets1.5% · Below median
Net margin (12 months)5.0% · Below median
Operating margin (12 months)14.4% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−1.8% · Below median
Dividend yield (12 months)0.5% · Bottom 25%
Balance sheet
Debt / equity0.14× · Above median
Valuation Multiplesvs Electronic Components median · lower = cheaper
P/E (12 months)159.8× · Priciest 25%
P/B7.27× · Priciest 25%
P/S (12 months)10.48× · Priciest 25%
Price / free cash flow34.4× · Pricier than median
EV/EBITDA84.6× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 63
PAST (return on equity)14· sector 28
HEALTH (low debt)93· sector 95
DIVIDEND (yield)10· sector 25
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Brave C&H Supply Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/6538
Frequently asked questions
Is Brave C&H Supply Co Ltd (6538) overvalued or undervalued?
As of Oct 25, 2026, our model estimates a fair value of 56.48 TWD versus a price of 286.00 TWD, about −80% upside (overvalued).
What is the fair value of 6538?
Our model-based fair value for Brave C&H Supply Co Ltd is 56.48 TWD (as of Oct 25, 2026), built from audited fundamentals. The current price: 286.00 TWD.
What is the quality score of 6538?
Brave C&H Supply Co Ltd has a Quality Score of 58/100. 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 Brave C&H Supply Co Ltd (6538)?
Our model-based price target is the fair value of 56.48 TWD (as of Oct 25, 2026) from 24 valuation models. Cautious scenario 42.47 TWD, optimistic scenario 70.48 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Brave C&H Supply Co Ltd stock forecast for 2026?
Our models put fair value at 56.48 TWD, about −80% upside versus a price of 286.00 TWD (overvalued). Cautious scenario 42.47 TWD, optimistic scenario 70.48 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Brave C&H Supply Co Ltd (6538)?
Brave C&H Supply Co Ltd reported trailing-twelve-month revenue of about 1.3B TWD (latest available figure, as of Oct 25, 2026).
Does Brave C&H Supply Co Ltd pay a dividend?
Brave C&H Supply Co Ltd currently shows a dividend yield of 0.52% relative to its recent price (as of Oct 25, 2026).
What growth is priced into Brave C&H Supply Co Ltd (6538)?
For today's price to be fair in a discounted-cash-flow model, Brave C&H Supply Co Ltd would have to grow free cash flow by +20.6 % per year for five years (discount rate 12.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -5.7 % per year. As of Oct 25, 2026.
What discount rate (WACC) does the fair value of 6538 use?
Our models discount Brave C&H Supply Co Ltd at 12.0 %: a base by market capitalisation (small), damped by beta 1.07, 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 Brave C&H Supply Co Ltd that is +20.6 % per year a year over ten years, using the same discount rate (12.0 %) and the same formula as our fair value.
How much growth has Brave C&H Supply Co Ltd (6538) delivered so far?
Over the past 5 years revenue at Brave C&H Supply Co Ltd grew -5.7 % a year. The price currently implies +20.6 % per year free-cash-flow growth a 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 Brave C&H Supply Co Ltd (6538) growing?
The median revenue growth in the sector is +10.8 % a year. That is the yardstick for the growth priced into Brave C&H Supply Co Ltd (+20.6 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Brave C&H Supply Co Ltd (6538)?
The free-cash-flow yield on the price is 3.70 %: that much free cash flow Brave C&H Supply Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (12.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Brave C&H Supply Co Ltd (6538)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Brave C&H Supply Co Ltd it is 56.48 TWD per share (as of Oct 25, 2026), against a price of 286.00 TWD. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Brave C&H Supply Co Ltd stock overvalued or undervalued in 2026?
As of Oct 25, 2026, 6538 trades above its calculated fair value: price 286.00 TWD, fair value 56.48 TWD, a gap of about −80% (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 6538?
No. The price is what the market pays today (286.00 TWD); the fair value is what the company's own numbers justify (56.48 TWD). For Brave C&H Supply Co Ltd the two are 229.52 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Brave C&H Supply Co Ltd worth?
The market values Brave C&H Supply Co Ltd at about 13.9B TWD (market capitalisation, as of Oct 25, 2026). Per share that is 286.00 TWD; our models calculate a fair value of 56.48 TWD per share.
What do the bullish and bearish scenarios say about 6538?
Our models span a range for Brave C&H Supply Co Ltd: cautious scenario 42.47 TWD, base 56.48 TWD, optimistic 70.48 TWD per share (as of Oct 25, 2026, price 286.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6538?
Brave C&H Supply Co Ltd trades at a price-to-earnings ratio of 159.8 (as of Oct 25, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 56.48 TWD is built from several models across several years. Other multiples: P/B 7.3, P/S 10.5, EV/EBITDA 84.6.
How solid is the balance sheet of Brave C&H Supply Co Ltd (6538)?
Balance-sheet figures for Brave C&H Supply Co Ltd (as of Oct 25, 2026): return on equity 3.5%, debt of 0.14 per unit of equity. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is 6538 from its 52-week high?
Brave C&H Supply Co Ltd trades at 286.00 TWD, about 36% below its 52-week high of 445.50 TWD and 370% above the low of 60.90 TWD (as of Oct 22, 2026). Distance from the high says nothing about value: that is what the fair value of 56.48 TWD is for.
Which stocks are comparable to Brave C&H Supply Co Ltd?
From the same area (Technology) we also value Amphenol Corporation, Delta Electronics, Inc, Corning Incorporated, Samsung Electro-Mechanics Co, 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 Brave C&H Supply Co Ltd stock attractive at the current price?
The data as of Oct 25, 2026: price 286.00 TWD, calculated fair value 56.48 TWD (−80%), Quality Score 58/100, from 24 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 6538 calculated?
We run Brave C&H Supply Co Ltd through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 56.48 TWD, 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 12.3 % above its aggregate fair value. Brave C&H Supply 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 Brave C&H Supply Co Ltd (6538)?
The closing price on Oct 22, 2026 was 286.00 TWD. Our model-based fair value is 56.48 TWD, about −80% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Brave C&H Supply Co Ltd right now?
The price sits above even our optimistic bull case (70.48 TWD). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
Where does the earnings growth of Brave C&H Supply Co Ltd (6538) come from?
Earnings per share at Brave C&H Supply Co Ltd grew −0.9 % a year from 2012 to 2023. Broken into its drivers: revenue per share +0.9 %, EBIT margin −1.7 %, tax rate +0.2 %, residual (interest, one-offs) −0.4 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Brave C&H Supply Co Ltd
How large is the market capitalisation of Brave C&H Supply Co Ltd (6538)?
The market capitalisation of Brave C&H Supply Co Ltd is 13.9B TWD (≈ $426M). 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 Brave C&H Supply Co Ltd (6538)?
The price-to-sales ratio of Brave C&H Supply Co Ltd is 10.5 (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 Brave C&H Supply Co Ltd (6538)?
Earnings per share at Brave C&H Supply Co Ltd are 1.79 TWD (price ÷ EPS = P/E 159.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Brave C&H Supply Co Ltd (6538)?
The dividend yield of Brave C&H Supply Co Ltd is 0.5% (payout 83.8%). 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 Brave C&H Supply Co Ltd (6538)?
The net margin of Brave C&H Supply Co Ltd is 5.0% (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 Brave C&H Supply Co Ltd (6538)?
The return on equity (ROE) of Brave C&H Supply Co Ltd is 3.5% (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 Brave C&H Supply Co Ltd (6538)?
On an EBIT basis the return on assets of Brave C&H Supply Co Ltd is 10.8% (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 Brave C&H Supply Co Ltd (6538)?
The operating margin of Brave C&H Supply Co Ltd is 14.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Brave C&H Supply Co Ltd (6538)?
Revenue at Brave C&H Supply Co Ltd is growing −1.8% versus a year earlier (3y avg −0.9%). 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 Brave C&H Supply Co Ltd (6538)?
Earnings per share at Brave C&H Supply Co Ltd are growing +172% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Brave C&H Supply Co Ltd (6538) hold?
Brave C&H Supply Co Ltd holds more cash than debt, 365M TWD net (fiscal year 2023). The company holds more cash than debt, a safety cushion.
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Oct 25, 2026