CMSC, Inc (7707) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of CMSC, Inc TWD 29.34, price TWD 127, upside -76.9%, quality 40 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Structural break:
The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
Weakest SetupStrongly overvalued and low quality.
!Fair value 29.34 TWD · Strongly overvalued (−77%)
!Quality 40/100
!Expensive Growth(revenue 5y +14.3 %/yr)
!Thin margins · 4.0% net margin (TTM)
✓generates free cash flow
·0.24% dividend yield
!Trails peers(2/12)
!Narrow moat38/100
!Evidence only low, so the estimate is less certain
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CMSC, Inc. designs and manufactures integrated circuits in Taiwan, Japan, South Korea, and internationally.
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CMSC, Inc. designs and manufactures integrated circuits in Taiwan, Japan, South Korea, and internationally. The company's product portfolio includes modules, system-in-packages, PCBs, and customized systems, as well as engages in the physical design, optimization, and SOC integration service; analog IC front-end and back-end design service; and IC chip engineering and mass production management. It also offers system-on-chip and ASIC design services; IP solutions; and process migration services. The company was founded in 1990 and is based in Hsinchu City, Taiwan.
Stock analysis
CMSC, Inc (7707) currently trades at 127.00 TWD, while our model-based Fair Value estimate is 29.34 TWD, implying the stock looks roughly 332.9% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 24.36 TWD per share, and 0 of the 22 models we run sit above the 127.00 TWD price.
Bear case: the Economic Profit group reads lowest at 9.60 TWD, and 22 of the 22 models stay below the price. Evidence for this calculation is low.
Scenario range: 22.01 TWD (bear) to 33.02 TWD (bull), the price of 127.00 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 40/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
CMSC, Inc reported revenue of 649M TWD in FY2025 versus 383M TWD in FY2021, a compound +14.1%/yr. Reported net income was 26.1M TWD in FY2025, compounding −7.3%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap 5.8B TWD (≈ $182M) · P/E ratio 222.8 · P/S ratio 8.98 · EPS (TTM) 0.5700 TWD · Dividend yield 0.2% · Net margin 4.0% · Return on equity 3.6% · Return on assets (EBIT) 13.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 36% below its 52-week high and 65% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −17% fair-value upside, at −77%, 7707 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (2.61 TWD to 44.98 TWD). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear 22.01 TWDFair Value 29.34 TWDBull 33.02 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 (0.1982 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−13.9%
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.
+14.3%
Start year 2020 (pandemic)
’20
’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.
+3.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+3.3%
Dividend (yield on the price)0.2%
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.3% → 7%
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.Semiconductors · 339 stocks
Beats the industry median on 2/12 measures
Overall it trails its industry peers.
Valuation
Quality Score40 · Bottom 25%
Fair Value upside−77% · Bottom 25%
Profitability
Return on equity (TTM)4% · Below median
Return on assets3% · Above median
Net margin (TTM)4% · Below median
Operating margin (TTM)15% · Above median
Growth and dividend
Revenue growth6% · Below median
Dividend yield (TTM)0.2% · Bottom 25%
Valuation Multiplesvs Semiconductors median · lower = cheaper
P/E (TTM)222.8× · Priciest 25%
P/B8.46× · Priciest 25%
P/S (TTM)9.13× · Pricier than median
P/FCF61.1× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)28· sector 64
PAST (return on equity)15· sector 22
HEALTH (low debt)0· sector 95
DIVIDEND (yield)5· sector 20
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). "CMSC, Inc Fair Value". https://www.fairvalue-calculator.com/stock/7707
Frequently asked questions
Is CMSC, Inc (7707) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 29.34 TWD versus a price of 127.00 TWD, about −77% upside (overvalued).
What is the fair value of 7707?
Our model-based fair value for CMSC, Inc is 29.34 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 127.00 TWD.
What is the quality score of 7707?
CMSC, Inc has a Quality Score of 40/100. 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 CMSC, Inc (7707)?
Our model-based price target is the fair value of 29.34 TWD (as of Sep 24, 2026) from 22 valuation models. Cautious scenario 22.01 TWD, optimistic scenario 33.02 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the CMSC, Inc stock forecast for 2026?
Our models put fair value at 29.34 TWD, about −77% upside versus a price of 127.00 TWD (overvalued). Cautious scenario 22.01 TWD, optimistic scenario 33.02 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of CMSC, Inc (7707)?
CMSC, Inc reported trailing-twelve-month revenue of about 649M TWD (latest available figure, as of Sep 24, 2026).
Does CMSC, Inc pay a dividend?
CMSC, Inc currently shows a dividend yield of about 0.24% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of CMSC, Inc (7707)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For CMSC, Inc it is 29.34 TWD per share (as of Sep 24, 2026), against a price of 127.00 TWD. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is CMSC, Inc stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 7707 trades above its calculated fair value: price 127.00 TWD, fair value 29.34 TWD, a gap of about −77% (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 7707?
No. The price is what the market pays today (127.00 TWD); the fair value is what the company's own numbers justify (29.34 TWD). For CMSC, Inc the two are 97.66 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is CMSC, Inc worth?
The market values CMSC, Inc at about 5.8B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 127.00 TWD; our models calculate a fair value of 29.34 TWD per share.
What do the bullish and bearish scenarios say about 7707?
Our models span a range for CMSC, Inc: cautious scenario 22.01 TWD, base 29.34 TWD, optimistic 33.02 TWD per share (as of Sep 24, 2026, price 127.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 7707?
CMSC, Inc trades at a price-to-earnings ratio of 222.8 (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 29.34 TWD is built from several models across several years. Other multiples: P/B 8.5, P/S 9.1.
How solid is the balance sheet of CMSC, Inc (7707)?
Balance-sheet figures for CMSC, Inc (as of Sep 24, 2026): return on equity 3.6%. They feed the Quality Score of 40/100, which measures business quality independently of the share price.
How far is 7707 from its 52-week high?
CMSC, Inc trades at 127.00 TWD, about 36% below its 52-week high of 197.47 TWD and 65% above the low of 77.19 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 29.34 TWD is for.
Which stocks are comparable to CMSC, Inc?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, SK hynix Inc, 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 CMSC, Inc stock attractive at the current price?
The data as of Sep 24, 2026: price 127.00 TWD, calculated fair value 29.34 TWD (−77%), Quality Score 40/100, from 22 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 7707 calculated?
We run CMSC, Inc through 22 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 29.34 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 13.2 % above its aggregate fair value. CMSC, Inc 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 CMSC, Inc (7707)?
The closing price on Sep 24, 2026 was 127.00 TWD. Our model-based fair value is 29.34 TWD, about −77% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with CMSC, Inc right now?
The price sits above even our optimistic bull case (33.02 TWD). The favourable scenario is already priced in. Weak quality (40/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
Key figures of CMSC, Inc
How large is the market capitalisation of CMSC, Inc (7707)?
The market capitalisation of CMSC, Inc is 5.8B TWD (≈ $182M). 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 CMSC, Inc (7707)?
The price-to-sales ratio of CMSC, Inc is 8.98 (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 CMSC, Inc (7707)?
Earnings per share at CMSC, Inc are 0.5700 TWD (price ÷ EPS = P/E 222.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of CMSC, Inc (7707)?
The dividend yield of CMSC, Inc is 0.2% (payout 52.6%). 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 CMSC, Inc (7707)?
The net margin of CMSC, Inc is 4.0% (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 CMSC, Inc (7707)?
The return on equity (ROE) of CMSC, Inc is 3.6% (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 CMSC, Inc (7707)?
On an EBIT basis the return on assets of CMSC, Inc is 13.1% (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 CMSC, Inc (7707)?
The operating margin of CMSC, Inc is 15.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at CMSC, Inc (7707)?
Revenue at CMSC, Inc is growing +5.5% 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 CMSC, Inc (7707)?
Earnings per share at CMSC, Inc are growing −62.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does CMSC, Inc (7707) generate?
The free cash flow of CMSC, Inc is 3.0M TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does CMSC, Inc (7707) hold?
CMSC, Inc holds more cash than debt, 848M TWD net (fiscal year 2024). The company holds more cash than debt, a safety cushion.
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