EN DE

Complex Micro Interconnection Co (6835) Fair Value & Analysis

Industrials · TW · Market cap 2.1B TWD

CM Complex Micro Interconnection Co 6835 · TW
Price31.00 TWD
Fair Value19.40 TWD
Upside-37.4%
Quality35/100
Watch Complex Micro Interconnection Co for free, get notified when fair value or trend changes. Watch for free
Weak Growth
Thin margins · 0.4% net margin
Moderate debt · negative free cash flow
3.12% dividend yield
Trails peers (3/11)
Narrow moat 23/100
Evidence: Medium Range 14.55 TWD – 24.25 TWD Share as image

Fair value as of: Jul 23, 2026

From 14 valuation models · updated 18 days ago

Share price −9.8% over the past month.

Below-average quality, and screening another 37% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (24.25 TWD). The favourable scenario is already priced in.
  • Weak quality (35/100) and above fair value at the same time, the margin of safety is missing on both counts.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

52.13 TWD 30.00 TWD Fair Value 19.40 TWD Aug 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 30.00 TWD – 52.13 TWD · fair‑value band 14.55 TWD – 24.25 TWD · the 31.00 TWD price screens above the 19.40 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.

Full chart & analysis →

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

Analysis

Complex Micro Interconnection Co (6835) currently trades at 31.00 TWD, while our model-based Fair Value estimate is 19.40 TWD, implying the stock looks roughly 37.4% overvalued today. The Quality Score stands at 35/100 (below-average quality), in the Industrials 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, Complex Micro Interconnection Co generated revenue of 2.4B TWD at a net margin of 0.4%. Revenue declined 3.8% year over year. It earns a return on equity of 0.5%. The balance sheet holds a net cash position of 337M TWD. Fundamentals as of Jul 23, 2026

Our scenario range runs from 14.55 TWD (bear case) to 24.25 TWD (bull case); at 31.00 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 38% below its 52-week high, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -37%, 6835 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
Residual Income 20.57 TWD 20.35 TWD 17.70 TWD 76
ROIC Compounder 27.32 TWD 30.28 TWD 33.51 TWD 72
Gordon GGM 17.68 TWD 19.27 TWD 21.67 TWD 70
All 14 models by family
Earnings-Based
Graham-Dodd 6.60 TWD 8.06 TWD 9.07 TWD 54
EPV 27.32 TWD 30.04 TWD 32.37 TWD 59
Dividend Discount
Gordon GGM 17.68 TWD 19.27 TWD 21.67 TWD 70
DDM Multi-Stage 17.68 TWD 21.85 TWD 27.54 TWD 61
Multiples
P/E Multiple 14.55 TWD 19.40 TWD 24.25 TWD 63
P/S Multiple 12.37 TWD 16.49 TWD 20.61 TWD 58
P/B Multiple 12.37 TWD 16.49 TWD 20.61 TWD 55
EV/EBIT 39.14 TWD 48.80 TWD 58.46 TWD 53
EV/EBITDA 36.70 TWD 45.55 TWD 54.40 TWD 54
EV/Revenue 29.69 TWD 38.06 TWD 46.44 TWD 43
Asset-Based
NCAV (Graham) 14.09 TWD 18.88 TWD 28.18 TWD 50
Economic Profit
Residual Income 20.57 TWD 20.35 TWD 17.70 TWD 76
ROIC Compounder 27.32 TWD 30.28 TWD 33.51 TWD 72
Growth Earnings
Growth-Adj P/E 10.29 TWD 14.71 TWD 19.12 TWD 68

Widest divergence: Economic Profit (20.35 TWD) versus Earnings-Based (8.06 TWD). Highest evidence: Residual Income (76).

Notify me when 6835 reaches fair value

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

Key figures & financial health

Revenue (TTM) 2.4B TWD
Revenue growth (YoY) -3.8%
Net margin 0.4%
Return on equity 0.5%
Free cash flow −539M TWD FY2025
P/E ratio 38.8
More key figures
Operating margin 0.8%
EPS (TTM) 0.9400 TWD
Dividend yield 3.1%
EPS growth (YoY) -93.1%
Net cash 337M TWD FY2025

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

Quality Score breakdown

Overall quality 35/100

Of which business quality 38 · Market factors (momentum, volatility) 37

Profitability 27
Margins and returns on capital today
Quality Growth 9
Are margins and returns improving?
Cashflow 20
Earnings quality: real cash, not paper profit
Fin. Strength 68
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 87
Calm price path (market factor)
Momentum 23
Price trend over the last 3–12 months (market factor)
52W Momentum 5
Distance to the 52-week high (market factor)
Net Issuance 71
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

Complex Micro Interconnection Co.,Ltd. manufactures and sells flexible circuit boards and cables in Taiwan, China, and Thailand. The company operates through Soft Plate Department and Wire Materials Division segments.

Full company description

Complex Micro Interconnection Co.,Ltd. manufactures and sells flexible circuit boards and cables in Taiwan, China, and Thailand. The company operates through Soft Plate Department and Wire Materials Division segments. It offers electronic wires, electronic patch panels, flexible printed circuits (FPC), wire harnesses, FPC with harnesses, LED (Light Emitting Diode) car lighting modules, and high frequency and speed FPCs. Complex Micro Interconnection Co.,Ltd. was incorporated in 1980 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

Complex Micro Interconnection Co reported revenue of 2.4B TWD in FY2025 versus 2.8B TWD in FY2021, a compound −3.9%/yr. Reported net income was 63.8M TWD in FY2025, compounding −20.8%/yr from FY2021.

Growth Quality 11/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
2.4B TWD
Latest YoY
−2.4%
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.
−4.4%
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.
−0.8%
Avg. growth/yr (7Y) 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.
+1.9%
Revenue −3.9%/yr
FY21 2.8B TWD
FY22 2.7B TWD
FY23 2.2B TWD
FY24 2.4B TWD
FY25 2.4B TWD
Net income −20.8%/yr
FY21 162M TWD
FY22 247M TWD
FY23 236M TWD
FY24 269M TWD
FY25 63.8M TWD

6835 screens 37% overvalued. Compare with Contemporary Amperex Technology Co →

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). "Complex Micro Interconnection Co Fair Value". https://www.fairvalue-calculator.com/stock/6835

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 35 · Bottom 25%
Fair Value upside −37% · Above median
Return on equity (TTM) 0% · Bottom 25%
Return on assets 1% · Below median
Net margin (TTM) 0% · Bottom 25%
Operating margin (TTM) 1% · Bottom 25%
Revenue growth -4% · Bottom 25%
Dividend yield (TTM) 3.1% · Top 25%
Debt / equity 0.56× · Higher than 75% of peers

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

P/E (TTM) 33.8× · Pricier than median
P/S (TTM) 0.03× · 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 0 · sector 0
FUTURE 0 · sector 57
PAST 2 · sector 26
HEALTH 72 · sector 97
DIVIDEND 62 · sector 18

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 Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Jul 23, 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%

Compare Complex Micro Interconnection Co with another stock

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

Free, no sign-up

Explore undervalued stocks

More undervalued Industrials 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 Complex Micro Interconnection Co (6835) overvalued or undervalued?
As of Jul 23, 2026, our model estimates a fair value of 19.40 TWD versus a price of 31.00 TWD, about −37% (overvalued).
What is the fair value of 6835?
Our model-based fair value for Complex Micro Interconnection Co is 19.40 TWD (as of Jul 23, 2026), built from audited fundamentals. The current price is 31.00 TWD.
What is the quality score of 6835?
Complex Micro Interconnection Co has a Quality Score of 35/100. 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 Complex Micro Interconnection Co (6835)?
Complex Micro Interconnection Co reported trailing-twelve-month revenue of about 2.4B TWD (latest available figure, as of Jul 23, 2026).
What is the net profit margin of 6835?
The net profit margin of Complex Micro Interconnection Co is about 0.4%, meaning it keeps roughly 0.4% of revenue as net income. Based on the latest reported figures.
Does Complex Micro Interconnection Co pay a dividend?
Complex Micro Interconnection Co currently shows a dividend yield of about 3.12% relative to its recent price (as of Jul 23, 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.

14 days Pro free · no card

Track Complex Micro Interconnection 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.