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Chenbro Micom Co Ltd (8210) Fair Value & Analysis

Technology · TW · Market cap 147B TWD (≈ $4.7B) · ISIN TW0008210006

What is Chenbro Micom Co Ltd really worth?

CM Chenbro Micom Co Ltd 8210 · TW
Price986.00 TWD
Fair Value680.86 TWD
Upside−31.0%
Quality68/100

A solid business, but trading 45% above our fair value of 680.86 TWD.

As of Aug 13, 2026, the fair value of Chenbro Micom Co Ltd is 680.86 TWD per share against a price of 986.00 TWD, so the fair value sits 31% below the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Strengths

Healthy Growth (revenue 5y +23.9 %/yr)
Solidly profitable · 16.9% net margin
Low debt · generates free cash flow
Wide moat 81/100

Risks

!Mixed vs. peers (6/14)
!Weak on dividend: 28 out of 100

For context

·1.42% dividend yield
Evidence: High Range 361.79 TWD – 935.44 TWD

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 23 days ago

Fair value updated Aug 13, 2026, revised from 549.69 TWD to 680.86 TWD (+23.9%) since Jul 11, 2026. Share price −15.7% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The price sits above even our optimistic bull case (935.44 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (68/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (361.79 TWD to 935.44 TWD) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

1,539 TWD 55.97 TWD Fair Value 680.86 TWD Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 55.97 TWD – 1,539 TWD · fair‑value band 361.79 TWD – 935.44 TWD · the 986.00 TWD price screens above the 680.86 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Chenbro Micom Co Ltd (8210) currently trades at 986.00 TWD, while our model-based Fair Value estimate is 680.86 TWD, implying the stock looks roughly 44.8% overvalued today. The Quality Score stands at 68/100 (solid quality), in the Technology sector. Bull case: the Growth Earnings group reads highest at a median of 681.48 TWD per share, and 1 of the 26 models we run sit above the 986.00 TWD price. Bear case: the Dividend Discount group reads lowest at 116.56 TWD, and 25 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Chenbro Micom Co Ltd generated revenue of 25.0B TWD at a net margin of 16.9%. Revenue grew 71.1% year over year. It earns a return on equity of 41.7%. The balance sheet holds a net cash position of 2.7B TWD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 361.79 TWD (bear case) to 935.44 TWD (bull case); at 986.00 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 last reported earnings sit well below what analysts expect (earnings in transition, for example after write-downs or an earnings dip); whether the stock is cheap or expensive hinges on the expected recovery actually arriving. Read the fair value with that caveat. The share trades about 38% below its 52-week high and 207% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −53% fair-value upside, at −31%, 8210 screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly 9.80 TWD per share, which is 1.4 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
FCF DCF 260.80 TWD 463.93 TWD 831.83 TWD 77
Growth DCF 257.36 TWD 438.81 TWD 755.47 TWD 76
EPV 303.04 TWD 347.75 TWD 386.88 TWD 74
All 26 models by family
DCF Models
FCF DCF 260.80 TWD 463.93 TWD 831.83 TWD 77
Owner Earnings 352.05 TWD 637.18 TWD 1,154 TWD 73
5Y Revenue Exit 340.21 TWD 618.90 TWD 1,010 TWD 70
5Y EBITDA Exit 457.33 TWD 867.63 TWD 1,401 TWD 73
5Y P/E Exit 488.22 TWD 933.22 TWD 1,461 TWD 69
10Y Revenue Exit 300.28 TWD 559.32 TWD 982.25 TWD 64
10Y EBITDA Exit 391.04 TWD 744.73 TWD 1,319 TWD 65
10Y P/E Exit 411.77 TWD 793.62 TWD 1,371 TWD 61
Earnings-Based
Graham-Dodd 193.08 TWD 988.93 TWD 1,367 TWD 64
Lynch FV 269.52 TWD 385.03 TWD 500.53 TWD 61
PEG = 1.0 269.52 TWD 385.03 TWD 500.53 TWD 57
EPV 303.04 TWD 347.75 TWD 386.88 TWD 74
Dividend Discount
Gordon GGM 66.48 TWD 138.23 TWD 219.29 TWD 66
DDM Multi-Stage 66.48 TWD 116.56 TWD 145.08 TWD 66
Multiples
P/E Multiple 596.28 TWD 795.04 TWD 993.80 TWD 63
P/S Multiple 362.03 TWD 482.70 TWD 603.38 TWD 58
P/B Multiple 362.03 TWD 482.70 TWD 603.38 TWD 55
EV/EBIT 710.06 TWD 935.15 TWD 1,160 TWD 66
EV/EBITDA 582.94 TWD 765.67 TWD 948.40 TWD 67
EV/Revenue 376.16 TWD 522.47 TWD 668.79 TWD 54
Asset-Based
NCAV (Graham) 43.43 TWD 58.19 TWD 86.86 TWD 54
Growth DCF
Growth DCF 257.36 TWD 438.81 TWD 755.47 TWD 76
Rev-Margin DCF 340.21 TWD 607.09 TWD 962.99 TWD 71
Economic Profit
Residual Income 206.05 TWD 296.71 TWD 2,724 TWD 64
ROIC Compounder 329.60 TWD 411.54 TWD 507.26 TWD 72
Growth Earnings
Growth-Adj P/E 477.04 TWD 681.48 TWD 885.92 TWD 67

Widest divergence: Growth Earnings (681.48 TWD) versus Asset-Based (58.19 TWD). Highest evidence: FCF DCF (77).

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Key figures & financial health

P/E ratio 34.7
P/S ratio 5.61 P/E × margin
EPS (TTM) 28.36 TWD price ÷ EPS = P/E 34.7
Dividend yield 1.4% payout 49.4%
Net margin 16.2% FY2025
Return on equity 41.7% TTM
More key figures
Profitability
Return on assets (EBIT) 12.5% avg 5y
Operating margin 25.0% TTM
Growth
Revenue (TTM) 25.0B TWD TTM
Revenue growth (YoY) +71.1% 3y avg +27.7%
EPS growth (YoY) +86.7%
Balance sheet & cash flow
Free cash flow 2.1B TWD FY2025
Net cash 2.7B TWD FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 68/100

Of which business quality 67 · Market factors (momentum, volatility) 51

Profitability 75
Margins and returns on capital today
Quality Growth 86
Are margins and returns improving?
Cashflow 46
Earnings quality: real cash, not paper profit
Fin. Strength 87
Balance sheet, leverage, solvency risk
Investment 29
Disciplined investing over empire-building
Low Volatility 26
Calm price path (market factor)
Momentum 55
Price trend over the last 3–12 months (market factor)
52W Momentum 73
Distance to the 52-week high (market factor)
Net Issuance 68
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Chenbro Micom Co., Ltd. engages in the research and development, design, manufacture, processing, and sale of computer peripherals and their consumables and main systems in the United States, China, Taiwan, Singapore, Europe, and internationally. It provides barebone servers; and rackmount, tower server, and PC chassis products.

Full company description

Chenbro Micom Co., Ltd. engages in the research and development, design, manufacture, processing, and sale of computer peripherals and their consumables and main systems in the United States, China, Taiwan, Singapore, Europe, and internationally. It provides barebone servers; and rackmount, tower server, and PC chassis products. The company offers storage expansion kits; and OEM, ODM, JDM services. In addition, it is involved in the software design and engineering activities; and export and import of computer products and peripherals. The company was incorporated in 1983 and is headquartered in New Taipei City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Chenbro Micom Co Ltd reported revenue of 22.0B TWD in FY2025 versus 9.4B TWD in FY2021, a compound +23.6%/yr. Reported net income was 3.6B TWD in FY2025, compounding +51.6%/yr from FY2021.

Growth Quality 100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
22.0B TWD
Latest YoY
+51.6%
Avg. revenue 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.
+27.7%
Avg. revenue growth/yr (5Y) 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.
+23.9%
Avg. revenue growth/yr (23Y) 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.
+12.8%
Value creation/yr (5Y, in TWD) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. 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.
≈ +31.6% (approximate, leans on 2025) · in TWD
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share+30.2%
Dividend yield1.4%
Trend 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.5Y 30.2% vs 10Y 20.3%, picking up
Operating margin (EBIT) 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.12.8% (2020) → 21.4% (2025) · rising
Worst earnings drop76% (2008) · in TWD
⚠ Rate leans on 2025: that final year sits 216% above its own trend (e.g. a one-off disposal gain) and could not be adjusted
Revenue +23.6%/yr
FY21 9.4B TWD
FY22 10.6B TWD
FY23 11.2B TWD
FY24 14.5B TWD
FY25 22.0B TWD
Net income +51.6%/yr
FY21 673M TWD
FY22 999M TWD
FY23 1.1B TWD
FY24 1.9B TWD
FY25 3.6B TWD
Character of growth · EPS growth decomposed (2014-2025) +16.4 % p.a.
Revenue per share +14.2 %

of which total revenue +14.5 % · buybacks/dilution −0.2 %

EBIT margin +2.6 %
Tax rate +0.1 %
Residual (interest, one-offs) −0.8 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

8210 screens 45% overvalued. Compare with Dell Technologies Inc →

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Cite: Fair Value Calculator (2026). "Chenbro Micom Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/8210.TW

Peer Group

Computer Hardware · 222 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 68 · Top 25%
Fair Value upside −31% · Below median
Return on equity (TTM) 42% · Top 25%
Return on assets 16% · Top 25%
Net margin (TTM) 17% · Top 25%
Operating margin (TTM) 25% · Top 25%
Revenue growth 71% · Top 25%
Dividend yield (TTM) 1.4% · Below median
Debt / equity 0.12× · Higher than median

Valuation Multiples vs Computer Hardware median · lower = cheaper

P/E (TTM) 34.7× · Pricier than median
P/B 13.53× · Pricier than 75% of peers
P/S (TTM) 5.90× · Pricier than 75% of peers
P/FCF 2.2× · Pricier than median
EV/EBITDA 23.6× · Pricier than median

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE0 · sector 4
FUTURE100 · sector 59
PAST100 · sector 24
HEALTH94 · sector 97
DIVIDEND28 · sector 37

VALUE 0: the price sits above our fair-value range.

Insider activity: 45/100

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

Similar stocks

10 more Computer Hardware stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Dell Technologies Inc DELL $456.24 $187.75 −59%
Arista Networks, Inc ANET $193.78 $57.72 −70%
Western Digital Corporation WDC $441.57 $47.49 −89%
Hygon Information Technology Co 688041 ¥246.21 ¥30.66 −88%
Hangzhou Hikvision Digital Technology Co 002415 ¥35.18 ¥40.44 +15%
Shenzhen Longsys Electronics Co 301308 ¥376.88 ¥91.67 −76%
Lenovo Group 0992 HK$30.12 HK$33.70 +12%
Dawning Information Industry Co 603019 ¥83.19 ¥39.38 −53%
HP Inc HPQ $30.52 $48.62 +59%
Inspur Electronic Information Industry Co 000977 ¥73.79 ¥44.02 −40%

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Frequently asked questions

Is Chenbro Micom Co Ltd (8210) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 680.86 TWD versus a price of 986.00 TWD, about −31% upside (overvalued).
What is the fair value of 8210?
Our model-based fair value for Chenbro Micom Co Ltd is 680.86 TWD (as of Aug 13, 2026), built from audited fundamentals. The current price: 986.00 TWD.
What is the quality score of 8210?
Chenbro Micom Co Ltd has a Quality Score of 68/100. 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 Chenbro Micom Co Ltd (8210)?
Our model-based price target is the fair value of 680.86 TWD (as of Aug 13, 2026) from 26 valuation models. Cautious scenario 361.79 TWD, optimistic scenario 935.44 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Chenbro Micom Co Ltd stock forecast for 2026?
Our models put fair value at 680.86 TWD, about −31% upside versus a price of 986.00 TWD (overvalued). Cautious scenario 361.79 TWD, optimistic scenario 935.44 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Chenbro Micom Co Ltd (8210)?
Chenbro Micom Co Ltd reported trailing-twelve-month revenue of about 25.0B TWD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 8210?
The net profit margin of Chenbro Micom Co Ltd is about 16.9%, meaning it keeps roughly 16.9% of revenue as net income. Based on the latest reported figures.
Does Chenbro Micom Co Ltd pay a dividend?
Chenbro Micom Co Ltd currently shows a dividend yield of about 1.42% relative to its recent price (as of Aug 13, 2026).
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