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Changing Information Technology Inc (8272) Fair Value & Analysis

Technology · TW · Market cap 1.3B TWD

CI Changing Information Technology Inc 8272 · TWO
Price64.60 TWD
Fair Value97.14 TWD
Upside+50.4%
Quality71/100
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Healthy Growth
Thin margins · 0.0% net margin
generates free cash flow
Mixed vs. peers (5/11)
Wide moat 67/100
Evidence: High Range 70.34 TWD – 130.23 TWD Share as image

Fair value as of: Jul 22, 2026

From 25 valuation models · updated 19 days ago

Share price −4.3% over the past month.

A solid business, screening 50% undervalued on our models.

What matters now

  • The rarer combination: high quality (71/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (70.34 TWD). The market is more pessimistic than our downside scenario.
  • A fairly wide model range (70.34 TWD to 130.23 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (3 years)

144.35 TWD 59.04 TWD Fair Value 97.14 TWD Oct 2023 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 22, 2026.

How to read this chart

34‑month range 59.04 TWD – 144.35 TWD · fair‑value band 70.34 TWD – 130.23 TWD · the 64.60 TWD price screens below the 97.14 TWD fair value. Dashed = 300-day average. As of Jul 22, 2026.

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Analysis

Changing Information Technology Inc (8272) currently trades at 64.60 TWD, while our model-based Fair Value estimate is 97.14 TWD, implying the stock looks roughly 50.4% undervalued today. The Quality Score stands at 71/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

The stock trades on a trailing P/E of 15.4. Fundamentals as of Jul 22, 2026

Our scenario range runs from 70.34 TWD (bear case) to 130.23 TWD (bull case); at 64.60 TWD, the current price sits below 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 share trades about 33% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -50% fair-value upside, at 50%, 8272 screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted 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.

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
Residual Income 30.07 TWD 35.56 TWD 62.64 TWD 76
Growth DCF 68.86 TWD 88.73 TWD 112.55 TWD 72
Gordon GGM 18.65 TWD 31.39 TWD 45.07 TWD 70
All 25 models by family
DCF Models
FCF DCF 67.98 TWD 90.08 TWD 117.89 TWD 38
Owner Earnings 52.67 TWD 69.12 TWD 89.82 TWD 31
5Y Revenue Exit 57.08 TWD 78.69 TWD 105.04 TWD 39
5Y EBITDA Exit 61.95 TWD 87.45 TWD 115.80 TWD 41
5Y P/E Exit 68.73 TWD 99.62 TWD 130.55 TWD 38
10Y Revenue Exit 60.03 TWD 79.19 TWD 102.58 TWD 36
10Y EBITDA Exit 63.90 TWD 84.63 TWD 109.82 TWD 37
10Y P/E Exit 67.79 TWD 92.19 TWD 119.72 TWD 35
Earnings-Based
Graham-Dodd 31.66 TWD 79.76 TWD 103.59 TWD 54
PEG = 1.0 14.70 TWD 21.00 TWD 27.30 TWD 46
EPV 42.25 TWD 46.91 TWD 50.78 TWD 59
Dividend Discount
Gordon GGM 18.65 TWD 31.39 TWD 45.07 TWD 70
DDM Multi-Stage 18.65 TWD 26.69 TWD 34.25 TWD 61
Multiples
P/E Multiple 69.84 TWD 93.12 TWD 116.40 TWD 63
P/S Multiple 47.20 TWD 62.93 TWD 78.67 TWD 58
P/B Multiple 59.37 TWD 79.15 TWD 98.94 TWD 55
EV/EBIT 81.01 TWD 105.31 TWD 129.60 TWD 53
EV/EBITDA 64.81 TWD 83.70 TWD 102.60 TWD 54
EV/Revenue 52.19 TWD 71.07 TWD 89.95 TWD 43
Asset-Based
NCAV (Graham) 16.21 TWD 21.72 TWD 32.42 TWD 50
Growth DCF
Growth DCF 68.86 TWD 88.73 TWD 112.55 TWD 72
Rev-Margin DCF 57.08 TWD 79.57 TWD 104.32 TWD 67
Economic Profit
Residual Income 30.07 TWD 35.56 TWD 62.64 TWD 76
ROIC Compounder 43.36 TWD 50.04 TWD 57.07 TWD 67
Growth Earnings
Growth-Adj P/E 54.16 TWD 77.37 TWD 100.57 TWD 68

Widest divergence: DCF Models (84.63 TWD) versus Asset-Based (21.72 TWD). Highest evidence: Residual Income (76).

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Key figures & financial health

Free cash flow 127M TWD FY2025
P/E ratio 14.4
EPS (TTM) 4.60 TWD

Figures from reported company fundamentals · as of Jul 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 71/100

Of which business quality 72 · Market factors (momentum, volatility) 37

Profitability 62
Margins and returns on capital today
Quality Growth 59
Are margins and returns improving?
Cashflow 89
Earnings quality: real cash, not paper profit
Fin. Strength 92
Balance sheet, leverage, solvency risk
Investment 46
Disciplined investing over empire-building
Low Volatility 75
Calm price path (market factor)
Momentum 28
Price trend over the last 3–12 months (market factor)
52W Momentum 10
Distance to the 52-week high (market factor)
Net Issuance 64
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.

About the company

Changing Information Technology Inc. provides digital authentication and cybersecurity solutions. The company offers zero-trust digital authentication systems, Fintech security solutions, and digital transformation applications. The company is headquartered in Hsinchu City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Changing Information Technology Inc reported revenue of 478M TWD in FY2025 versus 381M TWD in FY2021, a compound +5.8%/yr. Reported net income was 88.5M TWD in FY2025, compounding +6.9%/yr from FY2021.

Growth Quality 67/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
478M TWD
Latest YoY
+15.9%
Avg. 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.
+4.4%
Revenue +5.8%/yr
FY21 381M TWD
FY22 421M TWD
FY23 422M TWD
FY24 413M TWD
FY25 478M TWD
Net income +6.9%/yr
FY21 67.7M TWD
FY22 82.8M TWD
FY23 81.4M TWD
FY24 70.9M TWD
FY25 88.5M TWD

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Cite: Fair Value Calculator (2026). "Changing Information Technology Inc Fair Value". https://www.fairvalue-calculator.com/stock/8272

Peer Group

Software - Infrastructure · 370 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 71 · Top 25%
Fair Value upside +50% · Top 25%
Return on assets 0% · Below median
Net margin (TTM) 0% · Below median
Operating margin (TTM) 0% · Below median
Revenue growth 0% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Software - Infrastructure median · lower = cheaper

P/E (TTM) 14.4× · Cheaper than median
P/B 0.06× · Cheaper than 75% of peers
P/FCF 0.3× · Cheaper than 75% of peers

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.

VALUE 100 · sector 0
FUTURE 0 · sector 46
PAST 0 · sector 15
HEALTH 0 · sector 98
DIVIDEND 0 · sector 28

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

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Software - Infrastructure stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Microsoft Corporation MSFT $384.00 $274.17 -29%
Oracle Corporation ORAC C$9.08 C$2.94 -68%
Fortinet, Inc FTNT $160.78 $44.96 -72%
Synopsys, Inc 1SNPS €354.50 €93.61 -74%
Block, Inc XYZ A$114.53 A$70.69 -38%
CoreWeave, Inc CRWV $79.94 $44.89 -44%
Range Intelligent Computing Technology Group 300442 ¥71.60 ¥34.00 -53%
Oracle Financial Services Software Limited OFSS ₹11,651 ₹5,821 -50%
360 Security Technology Inc 601360 ¥9.64 ¥5.05 -48%
One97 Communications Limited PAYTM ₹1,342 ₹181.50 -86%

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Frequently asked questions

Is Changing Information Technology Inc (8272) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 97.14 TWD versus a price of 64.60 TWD, about +50% (undervalued).
What is the fair value of 8272?
Our model-based fair value for Changing Information Technology Inc is 97.14 TWD (as of Jul 22, 2026), built from audited fundamentals. The current price is 64.60 TWD.
What is the quality score of 8272?
Changing Information Technology Inc has a Quality Score of 71/100. 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 net profit margin of 8272?
The net profit margin of Changing Information Technology Inc is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.

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.

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