CHUNGTAI RESOURCE Technology CORP. (6923) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of CHUNGTAI RESOURCE Technology CORP. TWD 42.42, price TWD 75.90, upside -44.1%, quality 48 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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CHUNGTAI RESOURCE Technology CORP. engages in the waste removal and processing, and recycling of waste lighting sources and waste printed circuits in Taiwan and Japan. It offers services, including thermal cracking treatment system, waste removal, incineration thermal energy power generation and all-round processing, and laboratory systems services.
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CHUNGTAI RESOURCE Technology CORP. engages in the waste removal and processing, and recycling of waste lighting sources and waste printed circuits in Taiwan and Japan. It offers services, including thermal cracking treatment system, waste removal, incineration thermal energy power generation and all-round processing, and laboratory systems services. The company was founded in 1990 and is based in Taoyuan City, Taiwan.
Stock analysis
CHUNGTAI RESOURCE Technology CORP. (6923) currently trades at 75.90 TWD, while our model-based Fair Value estimate is 42.42 TWD, implying the stock looks roughly 78.9% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 79.45 TWD per share, and 2 of the 26 models we run sit above the 75.90 TWD price.
Bear case: the Economic Profit group reads lowest at 14.52 TWD, and 24 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: 23.89 TWD (bear) to 71.48 TWD (bull), the price of 75.90 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 48/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
CHUNGTAI RESOURCE Technology CORP. reported revenue of 1.2B TWD in FY2025 versus 521M TWD in FY2021, a compound +22.1%/yr. Reported net income was 278M TWD in FY2025, compounding +23.6%/yr from FY2021.
Key figures
Market cap 6.9B TWD (≈ $219M) · P/E ratio 25.0 · P/S ratio 6.03 · EPS (TTM) 3.03 TWD · Dividend yield 4.0% · Net margin 24.1% · Return on equity 10.2% · Return on assets (EBIT) 8.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 37% below its 52-week high and 6% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −18% fair-value upside, at −44%, 6923 screens richer than that median.
Fair Value models
Bear 23.89 TWDFair Value 42.42 TWDBull 71.48 TWD
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.0220 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.Evidence ⓘEvidence = 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.57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−32.7%
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.
+11.3%
’21
’22
’23
’24
’25
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.
+20.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+16.1%
Dividend (yield on the price)4.0%
Profit margin 2021 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.29% → 31%
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).
+62.5%
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 +60.0% a year for the price.
Compare CHUNGTAI RESOURCE Technology CORP. 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.Waste Management · 168 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score48 · Below median
Fair Value upside−44% · Below median
Profitability
Return on equity (TTM)10% · Above median
Return on assets5% · Top 25%
Net margin (TTM)24% · Top 25%
Operating margin (TTM)24% · Top 25%
Growth and dividend
Revenue growth4% · Above median
Dividend yield (TTM)4.0% · Above median
Balance sheet
Debt / equity0.40× · Above median
Valuation Multiplesvs Waste Management median · lower = cheaper
P/E (TTM)25.0× · Pricier than median
P/B2.67× · Priciest 25%
P/S (TTM)5.95× · Priciest 25%
P/FCF5.1× · Pricier than median
EV/EBITDA17.0× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 21
FUTURE (revenue growth)21· sector 20
PAST (return on equity)41· sector 26
HEALTH (low debt)80· sector 81
DIVIDEND (yield)79· sector 44
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.
Is CHUNGTAI RESOURCE Technology CORP. (6923) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 42.42 TWD versus a price of 75.90 TWD, about −44% upside (overvalued).
What is the fair value of 6923?
Our model-based fair value for CHUNGTAI RESOURCE Technology CORP. is 42.42 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 75.90 TWD.
What is the quality score of 6923?
CHUNGTAI RESOURCE Technology CORP. has a Quality Score of 48/100. 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 CHUNGTAI RESOURCE Technology CORP. (6923)?
Our model-based price target is the fair value of 42.42 TWD (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 23.89 TWD, optimistic scenario 71.48 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the CHUNGTAI RESOURCE Technology CORP. stock forecast for 2026?
Our models put fair value at 42.42 TWD, about −44% upside versus a price of 75.90 TWD (overvalued). Cautious scenario 23.89 TWD, optimistic scenario 71.48 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of CHUNGTAI RESOURCE Technology CORP. (6923)?
CHUNGTAI RESOURCE Technology CORP. reported trailing-twelve-month revenue of about 1.2B TWD (latest available figure, as of Sep 24, 2026).
Does CHUNGTAI RESOURCE Technology CORP. pay a dividend?
CHUNGTAI RESOURCE Technology CORP. currently shows a dividend yield of about 3.95% relative to its recent price (as of Sep 24, 2026).
What growth is priced into CHUNGTAI RESOURCE Technology CORP. (6923)?
For today's price to be fair in a discounted-cash-flow model, CHUNGTAI RESOURCE Technology CORP. would have to grow free cash flow by +62.5 % per year for five years (discount rate 11.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +22.1 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 6923 use?
Our models discount CHUNGTAI RESOURCE Technology CORP. at 11.9 %: a base by market capitalisation (micro), damped by beta 0.57, 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 CHUNGTAI RESOURCE Technology CORP. that is +62.5 % per year a year over ten years, using the same discount rate (11.9 %) and the same formula as our fair value.
How much growth has CHUNGTAI RESOURCE Technology CORP. (6923) delivered so far?
Over the past 4 years revenue at CHUNGTAI RESOURCE Technology CORP. grew +22.1 % a year. The price currently implies +62.5 % 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 CHUNGTAI RESOURCE Technology CORP. (6923) growing?
The median revenue growth in the sector is +4.6 % a year. That is the yardstick for the growth priced into CHUNGTAI RESOURCE Technology CORP. (+62.5 % 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 CHUNGTAI RESOURCE Technology CORP. (6923)?
The free-cash-flow yield on the price is 0.61 %: that much free cash flow CHUNGTAI RESOURCE Technology CORP. produces per unit of market value. When it exceeds the discount rate of our models (11.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of CHUNGTAI RESOURCE Technology CORP. (6923)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For CHUNGTAI RESOURCE Technology CORP. it is 42.42 TWD per share (as of Sep 24, 2026), against a price of 75.90 TWD. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is CHUNGTAI RESOURCE Technology CORP. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 6923 trades above its calculated fair value: price 75.90 TWD, fair value 42.42 TWD, a gap of about −44% (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 6923?
No. The price is what the market pays today (75.90 TWD); the fair value is what the company's own numbers justify (42.42 TWD). For CHUNGTAI RESOURCE Technology CORP. the two are 33.48 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is CHUNGTAI RESOURCE Technology CORP. worth?
The market values CHUNGTAI RESOURCE Technology CORP. at about 6.9B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 75.90 TWD; our models calculate a fair value of 42.42 TWD per share.
What do the bullish and bearish scenarios say about 6923?
Our models span a range for CHUNGTAI RESOURCE Technology CORP.: cautious scenario 23.89 TWD, base 42.42 TWD, optimistic 71.48 TWD per share (as of Sep 24, 2026, price 75.90 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6923?
CHUNGTAI RESOURCE Technology CORP. trades at a price-to-earnings ratio of 25.0 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 42.42 TWD is built from several models across several years. Other multiples: P/B 2.7, P/S 5.9, EV/EBITDA 17.0.
How solid is the balance sheet of CHUNGTAI RESOURCE Technology CORP. (6923)?
Balance-sheet figures for CHUNGTAI RESOURCE Technology CORP. (as of Sep 24, 2026): return on equity 10.2%, debt of 0.40 per unit of equity. They feed the Quality Score of 48/100, which measures business quality independently of the share price.
How far is 6923 from its 52-week high?
CHUNGTAI RESOURCE Technology CORP. trades at 75.90 TWD, about 37% below its 52-week high of 120.26 TWD and 6% above the low of 71.77 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 42.42 TWD is for.
Which stocks are comparable to CHUNGTAI RESOURCE Technology CORP.?
From the same area (Industrials) we also value Waste Management, Inc, Republic Services, Inc, Waste Connections, Inc, Veolia Environnement SA, 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 CHUNGTAI RESOURCE Technology CORP. stock attractive at the current price?
The data as of Sep 24, 2026: price 75.90 TWD, calculated fair value 42.42 TWD (−44%), Quality Score 48/100, 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 6923 calculated?
We run CHUNGTAI RESOURCE Technology CORP. through 26 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 42.42 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 13.0 % above its aggregate fair value. CHUNGTAI RESOURCE Technology CORP. 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 CHUNGTAI RESOURCE Technology CORP. (6923)?
The closing price on Sep 24, 2026 was 75.90 TWD. Our model-based fair value is 42.42 TWD, about −44% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with CHUNGTAI RESOURCE Technology CORP. right now?
The price sits above even our optimistic bull case (71.48 TWD). The favourable scenario is already priced in. The model range is unusually wide (23.89 TWD to 71.48 TWD). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (48/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of CHUNGTAI RESOURCE Technology CORP.
How large is the market capitalisation of CHUNGTAI RESOURCE Technology CORP. (6923)?
The market capitalisation of CHUNGTAI RESOURCE Technology CORP. is 6.9B TWD (≈ $219M). 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 CHUNGTAI RESOURCE Technology CORP. (6923)?
The price-to-sales ratio of CHUNGTAI RESOURCE Technology CORP. is 6.03 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of CHUNGTAI RESOURCE Technology CORP. (6923)?
Earnings per share at CHUNGTAI RESOURCE Technology CORP. are 3.03 TWD (price ÷ EPS = P/E 25.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of CHUNGTAI RESOURCE Technology CORP. (6923)?
The dividend yield of CHUNGTAI RESOURCE Technology CORP. is 4.0% (payout 99.0%). 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 CHUNGTAI RESOURCE Technology CORP. (6923)?
The net margin of CHUNGTAI RESOURCE Technology CORP. is 24.1% (fiscal year 2025). 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 CHUNGTAI RESOURCE Technology CORP. (6923)?
The return on equity (ROE) of CHUNGTAI RESOURCE Technology CORP. is 10.2% (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 CHUNGTAI RESOURCE Technology CORP. (6923)?
On an EBIT basis the return on assets of CHUNGTAI RESOURCE Technology CORP. is 8.1% (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 CHUNGTAI RESOURCE Technology CORP. (6923)?
The operating margin of CHUNGTAI RESOURCE Technology CORP. is 23.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at CHUNGTAI RESOURCE Technology CORP. (6923)?
Revenue at CHUNGTAI RESOURCE Technology CORP. is growing +4.2% versus a year earlier (3y avg +11.3%). 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 CHUNGTAI RESOURCE Technology CORP. (6923)?
Earnings per share at CHUNGTAI RESOURCE Technology CORP. are growing +4.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does CHUNGTAI RESOURCE Technology CORP. (6923) carry?
The net debt of CHUNGTAI RESOURCE Technology CORP. is 1.1B TWD (fiscal year 2025, ≈ 26.8 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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