Chang Wah Electromaterials Inc (8070) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Chang Wah Electromaterials Inc TWD 28.47, price TWD 49.70, upside -42.7%, quality 52 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 23, 2026.
How to read this chart
60‑month range 21.47 TWD – 64.50 TWD · fair‑value band 21.35 TWD – 35.58 TWD · the 49.70 TWD price screens above the 28.47 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 23, 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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Chang Wah Electromaterials Inc. engages in trading of electrical, telecommunication, and semiconductor materials and parts in Taiwan, Asia, and internationally. 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 49.70 TWD, while our model-based Fair Value estimate is 28.47 TWD, implying the stock looks roughly 74.6% overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 40.19 TWD per share, and 4 of the 25 models we run sit above the 49.70 TWD price.
Bear case: the Asset-Based group reads lowest at 17.09 TWD, and 21 of the 25 models stay below the price. Evidence for this calculation is high.
Scenario range: 21.35 TWD (bear) to 35.58 TWD (bull), the price of 49.70 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 52/100 (solid quality), in the Technology sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
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 35.1B TWD (≈ $1.1B) · P/E ratio 48.7 · P/S ratio 1.80 · EPS (TTM) 1.02 TWD · Dividend yield 5.5% · Net margin 3.7% · Return on equity 6.9% · Return on assets (EBIT) 7.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 33 out of 100 (medium confidence).
What moves the price
The share trades about 23% below its 52-week high and 29% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −12% fair-value upside, at −43%, 8070 screens richer than that median.
Fair Value models
Bear 21.35 TWDFair Value 28.47 TWDBull 35.58 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.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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
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 23 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.
+6.6%
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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.
+6.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year+1.0%
Dividend (yield on the price)5.5%
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.−14% vs −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%
Start year 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).
+4.2%
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 +2.6% 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 · 153 stocks
Beats the industry median on 6/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score52 · Below median
Fair Value upside−43% · Bottom 25%
Profitability
Return on equity (TTM)7% · Below median
Return on assets4% · Above median
Net margin (TTM)4% · Above median
Operating margin (TTM)12% · Top 25%
Growth and dividend
Revenue growth20% · Above median
Dividend yield (TTM)5.5% · Top 25%
Balance sheet
Debt / equity0.48× · Highest 25%
Valuation Multiplesvs Electronics & Computer Distribution median · lower = cheaper
P/E (TTM)48.7× · Priciest 25%
P/B1.95× · Pricier than median
P/S (TTM)1.72× · Priciest 25%
P/FCF0.6× · Cheaper than median
EV/EBITDA12.1× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 29
FUTURE (revenue growth)100· sector 55
PAST (return on equity)27· sector 35
HEALTH (low debt)76· sector 98
DIVIDEND (yield)100· sector 58
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 Sep 23, 2026, our model estimates a fair value of 28.47 TWD versus a price of 49.70 TWD, about −43% upside (overvalued).
What is the fair value of 8070?
Our model-based fair value for Chang Wah Electromaterials Inc is 28.47 TWD (as of Sep 23, 2026), built from audited fundamentals. The current price: 49.70 TWD.
What is the quality score of 8070?
Chang Wah Electromaterials Inc has a Quality Score of 52/100. 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 28.47 TWD (as of Sep 23, 2026) from 25 valuation models. Cautious scenario 21.35 TWD, optimistic scenario 35.58 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 28.47 TWD, about −43% upside versus a price of 49.70 TWD (overvalued). Cautious scenario 21.35 TWD, optimistic scenario 35.58 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 20.3B TWD (latest available figure, as of Sep 23, 2026).
Does Chang Wah Electromaterials Inc pay a dividend?
Chang Wah Electromaterials Inc currently shows a dividend yield of about 5.45% relative to its recent price (as of Sep 23, 2026).
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 +4.2 % per year for five years (discount rate 8.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +3.3 % per year. As of Sep 23, 2026.
What discount rate (WACC) does the fair value of 8070 use?
Our models discount Chang Wah Electromaterials Inc at 8.6 %: a base by market capitalisation (large), damped by beta 0.39, 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 +4.2 % per year a year over ten years, using the same discount rate (8.6 %) 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 +4.2 % 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 Chang Wah Electromaterials Inc (8070) growing?
The median revenue growth in the sector is +8.4 % a year. That is the yardstick for the growth priced into Chang Wah Electromaterials Inc (+4.2 % 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 Chang Wah Electromaterials Inc (8070)?
The free-cash-flow yield on the price is 4.89 %: that much free cash flow Chang Wah Electromaterials Inc produces per unit of market value. When it exceeds the discount rate of our models (8.6 %), 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 28.47 TWD per share (as of Sep 23, 2026), against a price of 49.70 TWD. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is Chang Wah Electromaterials Inc stock overvalued or undervalued in 2026?
As of Sep 23, 2026, 8070 trades above its calculated fair value: price 49.70 TWD, fair value 28.47 TWD, a gap of about −43% (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 (49.70 TWD); the fair value is what the company's own numbers justify (28.47 TWD). For Chang Wah Electromaterials Inc the two are 21.23 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 35.1B TWD (market capitalisation, as of Sep 23, 2026). Per share that is 49.70 TWD; our models calculate a fair value of 28.47 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 21.35 TWD, base 28.47 TWD, optimistic 35.58 TWD per share (as of Sep 23, 2026, price 49.70 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 48.7 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 28.47 TWD is built from several models across several years. Other multiples: P/B 2.0, P/S 1.7, EV/EBITDA 12.1.
How solid is the balance sheet of Chang Wah Electromaterials Inc (8070)?
Balance-sheet figures for Chang Wah Electromaterials Inc (as of Sep 23, 2026): return on equity 6.9%, debt of 0.48 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is 8070 from its 52-week high?
Chang Wah Electromaterials Inc trades at 49.70 TWD, about 23% below its 52-week high of 64.50 TWD and 29% above the low of 38.49 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 28.47 TWD is for.
Which stocks are comparable to Chang Wah Electromaterials Inc?
From the same area (Technology) we also value TD SYNNEX Corporation, Unisplendour Corporation, Rexel S.A, 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 Sep 23, 2026: price 49.70 TWD, calculated fair value 28.47 TWD (−43%), Quality Score 52/100, 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 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 28.47 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 14.1 % 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 Sep 24, 2026 was 49.70 TWD. Our model-based fair value is 28.47 TWD, about −43% upside (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 (35.58 TWD). The favourable scenario is already priced in. Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
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 35.1B TWD (≈ $1.1B). 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 1.80 (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 Chang Wah Electromaterials Inc (8070)?
Earnings per share at Chang Wah Electromaterials Inc are 1.02 TWD (price ÷ EPS = P/E 48.7). 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 5.5%. 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 3.7% (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 Chang Wah Electromaterials Inc (8070)?
The return on equity (ROE) of Chang Wah Electromaterials Inc is 6.9% (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 12.1% (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 +20.4% 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 +8.5% 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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