Chang Wah Electromaterials Inc (8070) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Chang Wah Electromaterials Inc stock TWD 21.49, price TWD 43.95, that is 51.1% below the price, quality 53 out of 100. Rating: strongly overvalued. Calculated from audited financials with 25 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range 22.73 TWD – 64.50 TWD · fair‑value band 14.02 TWD – 30.08 TWD · the 43.95 TWD price screens above the 21.49 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Chang Wah Electromaterials Inc. engages in trading of electrical, telecommunication, and semiconductor materials and parts in Taiwan, Asia, and internationally.
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It offers various IC packaging materials, including EME, lead frame, laminated substrate, CRM, FCCSP/FCBGA substrate, release film, cover and UV tape, low CTE core and prepreg material, and dummy and monitor wafer; IC/LED packaging equipment, such as auto molding, trim and form, and full auto mold equipment, as well as fluid dispensing systems.
The company also provides EMC LED lead frames; light guide plate and fine pitch FPC; and solar power systems.
In addition, it is involved in import, export trading, leasing, manufacturing, and selling of electrical appliances, telecommunications equipment, and mechanical parts; and retailing of synthetic resin, and electronic materials and components.
The company"s products are used for PC peripherals, consumer electronics, network and telecom, mobile devices, automotive, opto-electronic, and energy applications. It sells its products under the Sumitomo Bakelite brand.
Chang Wah Electromaterials Inc. was incorporated in 1989 and is headquartered in Kaohsiung, Taiwan.
Stock analysis
Chang Wah Electromaterials Inc (8070) currently trades at 43.95 TWD, while our model-based Fair Value estimate is 21.49 TWD, 51% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 31.19 TWD per share, and 1 of the 25 models we run sit above the 43.95 TWD price.
Bear case: the Earnings-Based group reads lowest at 10.92 TWD, and 24 of the 25 models stay below the price. Data coverage for this calculation is high.
Scenario range: 14.02 TWD (bear) to 30.08 TWD (bull), the price of 43.95 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 53/100 (solid quality), in the Technology sector.
Mixed Growth: Spin-off in 2013: revenue and profit before it include the divested business. Growth is measured afresh from 2013.
Chang Wah Electromaterials Inc reported revenue of 19.4B TWD in FY2025 versus 20.7B TWD in FY2021, a compound −1.6%/yr. Reported net income was 716M TWD in FY2025, compounding −26.8%/yr from FY2021.
Key figures
Market cap 30.0B TWD (≈ $915M) Small · P/E ratio 26.0 · P/S ratio 1.39 · EPS (TTM) 1.69 TWD · Dividend yield 4.6% · Net margin 5.5% · Return on equity 8.6% · Return on assets (EBIT) 7.9% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 35 out of 100 (medium confidence).
What moves the price
The share trades about 32% below its 52-week high and 12% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −8% fair-value upside, at −51%, 8070 screens richer than that median.
Fair Value models
Bear14.02 TWDFair Value 21.49 TWDBull30.08 TWD
Price 43.95 TWD · Downside -51.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.55/100
Spin-off in 2013: revenue and profit before it include the divested business. Growth is measured afresh from 2013.
Revenue growth 1 year
+12.3%
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.
−4.0%
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.
+3.3%
Start year 2020 (pandemic). Over 10 years: +2.5% a year
Revenue growth 12 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.
+1.6%
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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. Basis: EBIT basis. 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.
+5.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+1.0%
Dividend (yield on the price)4.6%
Per share before 2013divided by the spin-off factor 1.03
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−13.8% vs −1.1%, slowing
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.10% → 11%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes about as much growth as 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).
+5.9%
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 +4.3% a year for the price.
Compare Chang Wah Electromaterials Inc 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.Electronics & Computer Distribution · 150 stocks
Beats the industry median on 4/14 measures
Overall it trails its industry peers.
Valuation
Quality Score53 · Below median
Fair Value upside−51.1% · Bottom 25%
Profitability
Return on equity (12 months)8.6% · Below median
Return on assets1.8% · Below median
Net margin (12 months)5.5% · Top 25%
Operating margin (12 months)11.9% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)29.1% · Above median
Dividend yield (12 months)4.6% · Above median
Balance sheet
Debt / equity0.48× · Highest 25%
Valuation Multiplesvs Electronics & Computer Distribution median · lower = cheaper
P/E (12 months)26.0× · Priciest 25%
P/B1.67× · Pricier than median
P/S (12 months)1.39× · Priciest 25%
Price / free cash flow (fiscal year)17.5× · Pricier than median
EV/EBITDA9.8× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 38
FUTURE (revenue growth)100· sector 75
PAST (return on equity)34· sector 41
HEALTH (low debt)76· sector 98
DIVIDEND (yield)91· sector 65
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 Chang Wah Electromaterials Inc (8070) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 21.49 TWD versus a price of 43.95 TWD, about 51% lower (overvalued).
What is the fair value of 8070?
Our model-based fair value for Chang Wah Electromaterials Inc is 21.49 TWD (as of Nov 6, 2026), built from audited fundamentals. The current price: 43.95 TWD.
What is the quality score of 8070?
Chang Wah Electromaterials Inc has a Quality Score of 53/100. 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 Chang Wah Electromaterials Inc (8070)?
Our model-based price target is the fair value of 21.49 TWD (as of Nov 6, 2026) from 25 valuation models. Cautious scenario 14.02 TWD, optimistic scenario 30.08 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Chang Wah Electromaterials Inc stock forecast for 2026?
Our models put fair value at 21.49 TWD, about 51% lower versus a price of 43.95 TWD (overvalued). Cautious scenario 14.02 TWD, optimistic scenario 30.08 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Chang Wah Electromaterials Inc (8070)?
Chang Wah Electromaterials Inc reported trailing-twelve-month revenue of about 21.7B TWD (latest available figure, as of Nov 6, 2026).
Does Chang Wah Electromaterials Inc pay a dividend?
Chang Wah Electromaterials Inc currently shows a dividend yield of 4.55% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Chang Wah Electromaterials Inc (8070) and when is the ex-dividend date?
Chang Wah Electromaterials Inc pays a dividend of 2.00 TWD per share a year, a dividend yield of 4.6%. The last ex-dividend date was Jun 17, 2026. A dividend has been paid every year since at least 2003. The payout ratio is 118% of earnings. Free cash flow covers the dividend 1.22 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Chang Wah Electromaterials Inc (8070)?
For today's price to be fair in a discounted-cash-flow model, Chang Wah Electromaterials Inc would have to grow free cash flow by +5.9 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +3.3 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of 8070 use?
Our models discount Chang Wah Electromaterials Inc at 10.3 %: a base by market capitalisation (small), damped by beta 0.50, 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 Chang Wah Electromaterials Inc that is +5.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has Chang Wah Electromaterials Inc (8070) delivered so far?
Over the past 5 years revenue at Chang Wah Electromaterials Inc grew +3.3 % a year. The price currently implies free-cash-flow growth of +5.9 % per 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 Chang Wah Electromaterials Inc (8070) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Chang Wah Electromaterials Inc (+5.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Chang Wah Electromaterials Inc (8070)?
The free-cash-flow yield on the price is 5.55 %: that much free cash flow Chang Wah Electromaterials Inc produces per unit of market value. When it exceeds the discount rate of our models (10.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Chang Wah Electromaterials Inc (8070)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Chang Wah Electromaterials Inc it is 21.49 TWD per share (as of Nov 6, 2026), against a price of 43.95 TWD. It is the blended result of 25 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Chang Wah Electromaterials Inc stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 8070 trades above its calculated fair value: price 43.95 TWD, fair value 21.49 TWD, a gap of about −51% (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 8070?
No. The price is what the market pays today (43.95 TWD); the fair value is what the company's own numbers justify (21.49 TWD). For Chang Wah Electromaterials Inc the two are 22.46 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Chang Wah Electromaterials Inc worth?
The market values Chang Wah Electromaterials Inc at about 30.0B TWD (market capitalisation, as of Nov 6, 2026). Per share that is 43.95 TWD; our models calculate a fair value of 21.49 TWD per share.
What do the bullish and bearish scenarios say about 8070?
Our models span a range for Chang Wah Electromaterials Inc: cautious scenario 14.02 TWD, base 21.49 TWD, optimistic 30.08 TWD per share (as of Nov 6, 2026, price 43.95 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 8070?
Chang Wah Electromaterials Inc trades at a price-to-earnings ratio of 26.0 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 21.49 TWD is built from several models across several years. Median P/E at fiscal year-end, 6 fiscal years (2020 to 2025), reported earnings: 15.5. Other multiples: P/B 1.7, P/S 1.4, EV/EBITDA 9.8.
How solid is the balance sheet of Chang Wah Electromaterials Inc (8070)?
Balance-sheet figures for Chang Wah Electromaterials Inc (as of Nov 6, 2026): return on equity 8.6%, debt of 0.48 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is 8070 from its 52-week high?
Chang Wah Electromaterials Inc trades at 43.95 TWD, about 32% below its 52-week high of 64.50 TWD and 12% above the low of 39.21 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 21.49 TWD is for.
Which stocks are comparable to Chang Wah Electromaterials Inc?
From the same area (Technology) we also value TD SYNNEX Corporation, Rexel S.A, Unisplendour Corporation, Arrow Electronics, 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 Chang Wah Electromaterials Inc stock attractive at the current price?
The data as of Nov 6, 2026: price 43.95 TWD, calculated fair value 21.49 TWD (−51%), Quality Score 53/100, from 25 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 8070 calculated?
We run Chang Wah Electromaterials Inc through 25 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 21.49 TWD builds on their evidence-weighted average, 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. Chang Wah Electromaterials 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 Chang Wah Electromaterials Inc (8070)?
The closing price on Nov 6, 2026 was 43.95 TWD. Our model-based fair value is 21.49 TWD, about 51% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Chang Wah Electromaterials Inc right now?
The price sits above even our optimistic bull case (30.08 TWD). The favourable scenario is already priced in. Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (14.02 TWD to 30.08 TWD) leaves room in how you read the outcome.
Where does the earnings growth of Chang Wah Electromaterials Inc (8070) come from?
Earnings per share at Chang Wah Electromaterials Inc grew +6.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share +2.5 %, EBIT margin +22.9 %, tax rate −2.0 %, residual (interest, one-offs) −13.9 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Chang Wah Electromaterials Inc
How large is the market capitalisation of Chang Wah Electromaterials Inc (8070)?
The market capitalisation of Chang Wah Electromaterials Inc is 30.0B TWD (≈ $915M). 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 Chang Wah Electromaterials Inc (8070)?
The price-to-sales ratio of Chang Wah Electromaterials Inc is 1.39 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Chang Wah Electromaterials Inc (8070)?
Earnings per share at Chang Wah Electromaterials Inc are 1.69 TWD (price ÷ EPS = P/E 26.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Chang Wah Electromaterials Inc (8070)?
The dividend yield of Chang Wah Electromaterials Inc is 4.6% (payout 118%). 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 Chang Wah Electromaterials Inc (8070)?
The net margin of Chang Wah Electromaterials Inc is 5.5% (last twelve months). 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 Chang Wah Electromaterials Inc (8070)?
The return on equity (ROE) of Chang Wah Electromaterials Inc is 8.6% (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 Chang Wah Electromaterials Inc (8070)?
On an EBIT basis the return on assets of Chang Wah Electromaterials Inc is 7.9% (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 Chang Wah Electromaterials Inc (8070)?
The operating margin of Chang Wah Electromaterials Inc is 11.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Chang Wah Electromaterials Inc (8070)?
Revenue at Chang Wah Electromaterials Inc is growing +29.1% versus a year earlier (3y avg −4.0%). 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 Chang Wah Electromaterials Inc (8070)?
Earnings per share at Chang Wah Electromaterials Inc are growing +401% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Chang Wah Electromaterials Inc (8070) carry?
The net debt of Chang Wah Electromaterials Inc is 4.8B TWD (fiscal year 2025, ≈ 2.8 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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Broad data
Nov 6, 2026