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Chung Jye Investment Holding (6965) Fair Value & Analysis

Consumer Cyclical · TW · Market cap 12.4B TWD

CJ Chung Jye Investment Holding 6965 · TW
Price75.90 TWD
Fair Value58.37 TWD
Upside-23.1%
Quality49/100
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Weak Growth
Thin margins · 1.2% net margin
Low debt · generates free cash flow
6.31% dividend yield
Trails peers (5/14)
Narrow moat 25/100
Evidence: High Range 48.26 TWD – 72.96 TWD Share as image

Fair value as of: Jul 21, 2026

From 22 valuation models · updated 21 days ago

Share price −5.1% over the past month.

Below-average quality, and screening another 23% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (72.96 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (49/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (17 months)

176.08 TWD 67.00 TWD Fair Value 58.37 TWD Mar 2025 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

17‑month range 67.00 TWD – 176.08 TWD · fair‑value band 48.26 TWD – 72.96 TWD · the 75.90 TWD price screens above the 58.37 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Chung Jye Investment Holding (6965) currently trades at 75.90 TWD, while our model-based Fair Value estimate is 58.37 TWD, implying the stock looks roughly 23.1% overvalued today. The Quality Score stands at 49/100 (below-average quality), in the Consumer Cyclical 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, Chung Jye Investment Holding generated revenue of 20.3B TWD at a net margin of 1.2%. Revenue declined 21.7% year over year. It earns a return on equity of 2.0%. Net debt stands at 1.1B TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 48.26 TWD (bear case) to 72.96 TWD (bull case); at 75.90 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 32% below its 52-week high and 6% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 0% fair-value upside, at -23%, 6965 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 39.90 TWD 44.45 TWD 52.22 TWD 80
Residual Income 58.86 TWD 59.65 TWD 56.17 TWD 76
ROIC Compounder 48.26 TWD 51.73 TWD 54.77 TWD 72
All 22 models by family
DCF Models
FCF DCF 39.35 TWD 44.03 TWD 52.70 TWD 38
5Y Revenue Exit 46.22 TWD 56.92 TWD 72.52 TWD 39
5Y EBITDA Exit 63.90 TWD 87.54 TWD 118.84 TWD 41
5Y P/E Exit 59.11 TWD 79.24 TWD 103.19 TWD 38
10Y Revenue Exit 42.76 TWD 50.50 TWD 59.00 TWD 36
10Y EBITDA Exit 54.16 TWD 69.44 TWD 86.19 TWD 37
10Y P/E Exit 51.25 TWD 64.30 TWD 77.00 TWD 35
Earnings-Based
Graham-Dodd 23.35 TWD 28.54 TWD 32.10 TWD 54
EPV 48.26 TWD 51.73 TWD 54.77 TWD 59
Dividend Discount
Gordon GGM 54.88 TWD 60.06 TWD 67.97 TWD 70
DDM Multi-Stage 54.88 TWD 68.85 TWD 88.44 TWD 61
Multiples
P/E Multiple 51.50 TWD 68.67 TWD 85.84 TWD 63
P/S Multiple 43.78 TWD 58.37 TWD 72.96 TWD 58
P/B Multiple 43.78 TWD 58.37 TWD 72.96 TWD 55
EV/EBIT 64.81 TWD 77.27 TWD 89.73 TWD 53
EV/EBITDA 88.04 TWD 108.24 TWD 128.44 TWD 54
EV/Revenue 52.62 TWD 63.42 TWD 74.22 TWD 43
Asset-Based
NCAV (Graham) 38.57 TWD 51.69 TWD 77.14 TWD 50
Growth DCF
Growth DCF 39.90 TWD 44.45 TWD 52.22 TWD 80
Economic Profit
Residual Income 58.86 TWD 59.65 TWD 56.17 TWD 76
ROIC Compounder 48.26 TWD 51.73 TWD 54.77 TWD 72
Growth Earnings
Growth-Adj P/E 36.44 TWD 52.05 TWD 67.67 TWD 68

Widest divergence: DCF Models (64.30 TWD) versus Earnings-Based (28.54 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 20.3B TWD
Revenue growth (YoY) -21.7%
Net margin 1.2%
Return on equity 2.0%
Free cash flow 192M TWD FY2025
P/E ratio 23.4
More key figures
Operating margin -1.7%
EPS (TTM) 3.50 TWD
Dividend yield 6.1%
EPS growth (YoY) -80.7%
Net debt 1.1B TWD FY2021

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 53 · Market factors (momentum, volatility) 40

Profitability 41
Margins and returns on capital today
Quality Growth 4
Are margins and returns improving?
Cashflow 40
Earnings quality: real cash, not paper profit
Fin. Strength 89
Balance sheet, leverage, solvency risk
Investment 60
Disciplined investing over empire-building
Low Volatility 73
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 16
Distance to the 52-week high (market factor)
Net Issuance 79
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

Chung Jye Investment Holding Co., Ltd. engages in the manufacturing of footwear products. The company offers athletic, leather, and casual shoes, as well as sports equipment. The company was founded in 1978 and is based in Grand Cayman, Cayman Islands.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Chung Jye Investment Holding reported revenue of 21.7B TWD in FY2025 versus 15.6B TWD in FY2021, a compound +8.5%/yr. Reported net income was 537M TWD in FY2025, compounding −10.6%/yr from FY2021.

Growth Quality 32/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
21.7B TWD
Latest YoY
−19.7%
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.
−4.0%
Revenue +8.5%/yr
FY21 15.6B TWD
FY22 24.5B TWD
FY23 22.7B TWD
FY24 27.0B TWD
FY25 21.7B TWD
Net income −10.6%/yr
FY21 841M TWD
FY22 2.3B TWD
FY23 1.9B TWD
FY24 1.7B TWD
FY25 537M TWD

6965 screens 23% overvalued. Compare with NIKE, Inc →

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Cite: Fair Value Calculator (2026). "Chung Jye Investment Holding Fair Value". https://www.fairvalue-calculator.com/stock/6965

Peer Group

Footwear & Accessories · 94 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 49 · Below median
Fair Value upside −23% · Below median
Return on equity (TTM) 2% · Below median
Return on assets 1% · Below median
Net margin (TTM) 1% · Below median
Operating margin (TTM) -2% · Bottom 25%
Revenue growth -22% · Bottom 25%
Dividend yield (TTM) 6.3% · Top 25%

Valuation Multiples vs Footwear & Accessories median · lower = cheaper

P/E (TTM) 22.6× · Pricier than median
P/B 1.03× · Cheaper than median
P/S (TTM) 0.61× · Cheaper than median
P/FCF 2.0× · Cheaper than median
EV/EBITDA 11.8× · 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 3 · sector 6
FUTURE 0 · sector 0
PAST 8 · sector 23
HEALTH 100 · sector 97
DIVIDEND 100 · sector 41

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 Footwear & Accessories stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
NIKE, Inc NKE $44.37 $35.63 -20%
adidas AG 1ADS €165.00 €65.71 -60%
Deckers Outdoor Corporation DECK $106.49 $125.16 +18%
On Holding ONON $38.20 $17.64 -54%
Zhejiang China Commodities City Group 600415 ¥12.11 ¥13.03 +8%
Birkenstock Holding BIRK $44.36 $44.14 -0%
Crocs, Inc CROX $138.91 $203.65 +47%
Huali Industrial Group 300979 ¥31.10 ¥54.71 +76%
PUMA SE PUM €29.31 €10.57 -64%
Steven Madden, Ltd SHOO $43.26 $11.69 -73%

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Frequently asked questions

Is Chung Jye Investment Holding (6965) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 58.37 TWD versus a price of 75.90 TWD, about −23% (overvalued).
What is the fair value of 6965?
Our model-based fair value for Chung Jye Investment Holding is 58.37 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 75.90 TWD.
What is the quality score of 6965?
Chung Jye Investment Holding has a Quality Score of 49/100. 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 Chung Jye Investment Holding (6965)?
Chung Jye Investment Holding reported trailing-twelve-month revenue of about 20.3B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 6965?
The net profit margin of Chung Jye Investment Holding is about 1.2%, meaning it keeps roughly 1.2% of revenue as net income. Based on the latest reported figures.
Does Chung Jye Investment Holding pay a dividend?
Chung Jye Investment Holding currently shows a dividend yield of about 6.11% relative to its recent price (as of Jul 21, 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.

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