EN DE

Brave C&H Supply Co (6538) Fair Value & Analysis

Technology · TW · Market cap 5.4B TWD

BC Brave C&H Supply Co 6538 · TWO
Price145.50 TWD
Fair Value31.04 TWD
Upside-78.7%
Quality61/100
Watch Brave C&H Supply Co for free, get notified when fair value or trend changes. Watch for free
Weak Growth
Thin margins · 2.9% net margin
Low debt · generates free cash flow
1.08% dividend yield
Trails peers (3/14)
Narrow moat 34/100
Evidence: High Range 28.33 TWD – 31.04 TWD Share as image

Fair value as of: Jul 23, 2026

From 23 valuation models · updated 18 days ago

Fair value updated Jul 23, 2026, revised from 32.79 TWD to 31.04 TWD (−5.3%) since Jul 12, 2026. Share price +7.0% over the past month.

A solid business, but screening 79% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (31.04 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.
  • The models converge in a tight band (28.33 TWD to 31.04 TWD), unusually little disagreement for a valuation.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

201.00 TWD 60.90 TWD Fair Value 31.04 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 23, 2026.

How to read this chart

60‑month range 60.90 TWD – 201.00 TWD · fair‑value band 28.33 TWD – 31.04 TWD · the 145.50 TWD price screens above the 31.04 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 23, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Brave C&H Supply Co (6538) currently trades at 145.50 TWD, while our model-based Fair Value estimate is 31.04 TWD, implying the stock looks roughly 78.7% overvalued today. The Quality Score stands at 61/100 (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, Brave C&H Supply Co generated revenue of 1.4B TWD at a net margin of 3.0%. Revenue declined 23.1% year over year. It earns a return on equity of 2.2%. The balance sheet holds a net cash position of 365M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 28.33 TWD (bear case) to 31.04 TWD (bull case); at 145.50 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 near its 52-week high and 139% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at -79%, 6538 screens richer 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 121.58 TWD 158.78 TWD 209.86 TWD 80
Residual Income 36.04 TWD 34.80 TWD 27.75 TWD 76
Rev-Margin DCF 71.27 TWD 90.10 TWD 111.53 TWD 74
All 23 models by family
DCF Models
FCF DCF 118.29 TWD 157.60 TWD 214.25 TWD 38
5Y Revenue Exit 71.27 TWD 87.99 TWD 108.41 TWD 39
5Y EBITDA Exit 89.69 TWD 119.98 TWD 154.34 TWD 41
5Y P/E Exit 61.77 TWD 71.49 TWD 81.09 TWD 38
10Y Revenue Exit 88.00 TWD 105.61 TWD 125.00 TWD 36
10Y EBITDA Exit 100.02 TWD 126.49 TWD 156.56 TWD 37
10Y P/E Exit 83.12 TWD 94.84 TWD 106.23 TWD 35
Earnings-Based
Graham-Dodd 7.82 TWD 15.63 TWD 19.64 TWD 54
EPV 27.95 TWD 30.53 TWD 32.75 TWD 59
Dividend Discount
Gordon GGM 62.83 TWD 88.51 TWD 114.09 TWD 70
DDM Multi-Stage 62.83 TWD 86.99 TWD 113.96 TWD 61
Multiples
P/E Multiple 17.25 TWD 23.00 TWD 28.75 TWD 63
P/S Multiple 14.66 TWD 19.55 TWD 24.44 TWD 58
P/B Multiple 14.66 TWD 19.55 TWD 24.44 TWD 55
EV/EBIT 60.09 TWD 76.25 TWD 92.40 TWD 53
EV/EBITDA 81.03 TWD 104.16 TWD 127.29 TWD 54
EV/Revenue 44.30 TWD 58.30 TWD 72.30 TWD 43
Asset-Based
NCAV (Graham) 25.60 TWD 34.30 TWD 51.20 TWD 50
Growth DCF
Growth DCF 121.58 TWD 158.78 TWD 209.86 TWD 80
Rev-Margin DCF 71.27 TWD 90.10 TWD 111.53 TWD 74
Economic Profit
Residual Income 36.04 TWD 34.80 TWD 27.75 TWD 76
ROIC Compounder 27.95 TWD 30.53 TWD 32.75 TWD 72
Growth Earnings
Growth-Adj P/E 12.53 TWD 17.90 TWD 23.27 TWD 68

Widest divergence: DCF Models (105.61 TWD) versus Earnings-Based (15.63 TWD). Highest evidence: Growth DCF (80).

Notify me when 6538 reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) 1.3B TWD
Revenue growth (YoY) -27.2%
Net margin 2.9%
Return on equity 2.0%
Free cash flow 403M TWD FY2025
P/E ratio 128.3
More key figures
Operating margin 13.2%
EPS (TTM) 1.13 TWD
Dividend yield 1.1%
EPS growth (YoY) -14.9%
Net cash 365M TWD FY2023

Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 64 · Market factors (momentum, volatility) 79

Profitability 27
Margins and returns on capital today
Quality Growth 20
Are margins and returns improving?
Cashflow 89
Earnings quality: real cash, not paper profit
Fin. Strength 94
Balance sheet, leverage, solvency risk
Investment 68
Disciplined investing over empire-building
Low Volatility 39
Calm price path (market factor)
Momentum 99
Price trend over the last 3–12 months (market factor)
52W Momentum 92
Distance to the 52-week high (market factor)
Net Issuance 81
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

Brave C&H Supply Co.,Ltd., together with its subsidiaries, manufactures and sells precision screens and screen-printing materials in Taiwan and China.

Full company description

Brave C&H Supply Co.,Ltd., together with its subsidiaries, manufactures and sells precision screens and screen-printing materials in Taiwan and China. 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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Brave C&H Supply Co 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.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
1.4B TWD
Latest YoY
−34.5%
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.
−0.9%
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.
−5.7%
Avg. growth/yr (13Y) 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.
+1.3%
Revenue +2.3%/yr
FY21 1.3B TWD
FY22 1.5B TWD
FY23 2.2B TWD
FY24 2.2B TWD
FY25 1.4B TWD
Net income −27.4%/yr
FY21 154M TWD
FY22 170M TWD
FY23 340M TWD
FY24 344M TWD
FY25 42.9M TWD
Character of growth · EPS growth decomposed (2012-2023) −0.9 % p.a.
Revenue per share +0.9 pp

of which total revenue +2.7 pp · buybacks/dilution −1.8 pp

EBIT margin −1.7 pp
Tax rate +0.2 pp
Residual (interest, one-offs) −0.4 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).

6538 screens 79% overvalued. Compare with Delta Electronics, Inc →

Share or link this analysis
For bloggers & editors: embed code + live data

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 Fair Value". https://www.fairvalue-calculator.com/stock/6538

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 61 · Above median
Fair Value upside −79% · Bottom 25%
Return on equity (TTM) 2% · Below median
Return on assets 1% · Below median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 13% · Top 25%
Revenue growth -27% · Bottom 25%
Dividend yield (TTM) 1.1% · Below median
Debt / equity 0.14× · Higher than median

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 128.3× · Pricier than 75% of peers
P/B 2.83× · Pricier than median
P/S (TTM) 4.06× · Pricier than 75% of peers
P/FCF 0.4× · Cheaper than 75% of peers
EV/EBITDA 31.9× · 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 0 · sector 32
PAST 8 · sector 24
HEALTH 93 · sector 95
DIVIDEND 22 · 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 23, 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%

Compare Brave C&H Supply Co with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Technology stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Brave C&H Supply Co (6538) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 31.04 TWD versus a price of 145.50 TWD, about −79% (overvalued).
What is the fair value of 6538?
Our model-based fair value for Brave C&H Supply Co is 31.04 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 145.50 TWD.
What is the quality score of 6538?
Brave C&H Supply Co has a Quality Score of 61/100. 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 Brave C&H Supply Co (6538)?
Brave C&H Supply Co reported trailing-twelve-month revenue of about 1.4B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 6538?
The net profit margin of Brave C&H Supply Co is about 3.0%, meaning it keeps roughly 3.0% of revenue as net income. 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.

14 days Pro free · no card

Track Brave C&H Supply Co and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.