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Changs Ascending Enterprise Co (8038) Fair Value & Analysis

Industrials · TW · Market cap 2.6B TWD

Price40.20 TWD
Fair Value17.03 TWD
Upside-57.6%
Quality88/100
Evidence: Medium Range 12.28 TWD – 19.84 TWD

Fair value as of: Jun 24, 2026

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Analysis

Changs Ascending Enterprise Co (8038) currently trades at 40.20 TWD, while our model-based Fair Value estimate is 17.03 TWD — implying the stock looks roughly 57.6% overvalued today. We read business quality at 88/100 (high 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).

About the company

Changs Ascending Enterprise Co., Ltd. engages in the research and development, manufacturing, and sale of lithium-iron batteries and its materials in Taiwan. The company offers power and energy storage batteries. It is also involved in the patent licensing; technology transfer; and leasing and sales of battery module. The company was formerly known as Changs Enterprise Co., Ltd. and changed its name to Changs Ascending Enterprise Co., Ltd. in July 2000. Changs Ascending Enterprise Co., Ltd. was founded in 1997 and is based in Taichung, Taiwan.

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Frequently asked questions

Is Changs Ascending Enterprise Co (8038) undervalued?
As of Jun 24, 2026, our model estimates a fair value of 17.03 TWD versus a price of 40.20 TWD — about −58% (overvalued). Model-based estimate, not financial advice.
What is the fair value of 8038?
Our 21-model fair value for Changs Ascending Enterprise Co is 17.03 TWD (as of Jun 24, 2026), built from audited fundamentals. The current price is 40.20 TWD.
What is the quality score of 8038?
Changs Ascending Enterprise Co has a Quality Score of 88/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.