Changing Information Technology Inc. (8272) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Changing Information Technology Inc. TWD 102, price TWD 64.80, upside +56.9%, quality 71 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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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.
Stock analysis
Changing Information Technology Inc. (8272) currently trades at 64.80 TWD, while our model-based Fair Value estimate is 101.66 TWD, implying the stock looks roughly 36.3% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 106.80 TWD per share, and 18 of the 25 models we run sit above the 64.80 TWD price.
Bear case: the Asset-Based group reads lowest at 21.72 TWD, and 7 of the 25 models stay below the price. Evidence for this calculation is medium.
Scenario range: 73.13 TWD (bear) to 136.93 TWD (bull), the price of 64.80 TWD sits below 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 71/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
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.
Key figures
Market cap 1.2B TWD (≈ $38.7M) · P/E ratio 14.3 · P/S ratio 2.65 · EPS (TTM) 4.53 TWD · Dividend yield 3.9% · Net margin 18.5% · Return on assets (EBIT) 14.6% · Free cash flow 127M TWD.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 28% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −19% fair-value upside, at 57%, 8272 screens cheaper than that median.
Fair Value models
Bear 73.13 TWDFair Value 101.66 TWDBull 136.93 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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (3.33 TWD per share) are deliberately not added.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.67/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+15.9%
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.
+4.4%
’21
’22
’23
’24
’25
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. 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.
+7.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+3.4%
Dividend (yield on the price)3.9%
Profit margin 2021 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.23% → 21%
Growth Forecast
Little optimism in the price
The price assumes less growth than 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).
−4.8%
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 −6.3% a year for the price.
Compare Changing Information Technology Inc. with another stock
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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.Software - Infrastructure · 377 stocks
Beats the industry median on 7/10 measures
Overall it ranks above its industry peers.
Valuation
Quality Score71 · Top 25%
Fair Value upside+57% · Top 25%
Profitability
Return on assets0% · Below median
Net margin (TTM)18% · Top 25%
Operating margin (TTM)0% · Below median
Growth and dividend
Revenue growth0% · Below median
Dividend yield (TTM)3.9% · Top 25%
Valuation Multiplesvs Software - Infrastructure median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Changing Information Technology Inc. Fair Value". https://www.fairvalue-calculator.com/stock/8272
Frequently asked questions
Is Changing Information Technology Inc. (8272) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 101.66 TWD versus a price of 64.80 TWD, about +57% upside (undervalued).
What is the fair value of 8272?
Our model-based fair value for Changing Information Technology Inc. is 101.66 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 64.80 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 price target for Changing Information Technology Inc. (8272)?
Our model-based price target is the fair value of 101.66 TWD (as of Sep 24, 2026) from 25 valuation models. Cautious scenario 73.13 TWD, optimistic scenario 136.93 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Changing Information Technology Inc. stock forecast for 2026?
Our models put fair value at 101.66 TWD, about +57% upside versus a price of 64.80 TWD (undervalued). Cautious scenario 73.13 TWD, optimistic scenario 136.93 TWD. The calculation is refreshed regularly with new filings.
Does Changing Information Technology Inc. pay a dividend?
Changing Information Technology Inc. currently shows a dividend yield of about 3.87% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Changing Information Technology Inc. (8272)?
For today's price to be fair in a discounted-cash-flow model, Changing Information Technology Inc. would have to grow free cash flow by -4.8 % per year for five years (discount rate 10.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +5.8 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 8272 use?
Our models discount Changing Information Technology Inc. at 10.3 %: a base by market capitalisation (nano), 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 Changing Information Technology Inc. that is -4.8 % per year a year over ten years, using the same discount rate (10.3 %) and the same formula as our fair value.
How much growth has Changing Information Technology Inc. (8272) delivered so far?
Over the past 4 years revenue at Changing Information Technology Inc. grew +5.8 % a year. The price currently implies -4.8 % 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 Changing Information Technology Inc. (8272) growing?
The median revenue growth in the sector is +3.4 % a year. That is the yardstick for the growth priced into Changing Information Technology Inc. (-4.8 % 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 Changing Information Technology Inc. (8272)?
The free-cash-flow yield on the price is 10.30 %: that much free cash flow Changing Information Technology 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 Changing Information Technology Inc. (8272)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Changing Information Technology Inc. it is 101.66 TWD per share (as of Sep 24, 2026), against a price of 64.80 TWD. It is the blended result of 25 valuation models (cash flow, earnings, asset, dividend).
Is Changing Information Technology Inc. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 8272 trades below its calculated fair value: price 64.80 TWD, fair value 101.66 TWD, a gap of about +57% (undervalued). 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 8272?
No. The price is what the market pays today (64.80 TWD); the fair value is what the company's own numbers justify (101.66 TWD). For Changing Information Technology Inc. the two are 36.86 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Changing Information Technology Inc. worth?
The market values Changing Information Technology Inc. at about 1.2B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 64.80 TWD; our models calculate a fair value of 101.66 TWD per share.
What do the bullish and bearish scenarios say about 8272?
Our models span a range for Changing Information Technology Inc.: cautious scenario 73.13 TWD, base 101.66 TWD, optimistic 136.93 TWD per share (as of Sep 24, 2026, price 64.80 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 8272?
Changing Information Technology Inc. trades at a price-to-earnings ratio of 14.3 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 101.66 TWD is built from several models across several years. Other multiples: P/B 0.1.
How far is 8272 from its 52-week high?
Changing Information Technology Inc. trades at 64.80 TWD, about 28% below its 52-week high of 90.12 TWD and 5% above the low of 61.90 TWD (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 101.66 TWD is for.
Which stocks are comparable to Changing Information Technology Inc.?
From the same area (Technology) we also value Microsoft Corporation, Oracle Corporation, Palantir Technologies Inc, Palo Alto Networks, 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 Changing Information Technology Inc. stock attractive at the current price?
The data as of Sep 24, 2026: price 64.80 TWD, calculated fair value 101.66 TWD (+57%), Quality Score 71/100, 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 8272 calculated?
We run Changing Information Technology 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 101.66 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. Changing Information Technology Inc. currently trades 57 % below its own fair value, and the market average says nothing about that. 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 Changing Information Technology Inc. (8272)?
The closing price on Sep 23, 2026 was 64.80 TWD. Our model-based fair value is 101.66 TWD, about +57% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Changing Information Technology Inc. right 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 (73.13 TWD). The market is more pessimistic than our downside scenario. A fairly wide model range (73.13 TWD to 136.93 TWD) leaves room in how you read the outcome.
Key figures of Changing Information Technology Inc.
How large is the market capitalisation of Changing Information Technology Inc. (8272)?
The market capitalisation of Changing Information Technology Inc. is 1.2B TWD (≈ $38.7M). 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 Changing Information Technology Inc. (8272)?
The price-to-sales ratio of Changing Information Technology Inc. is 2.65 (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 Changing Information Technology Inc. (8272)?
Earnings per share at Changing Information Technology Inc. are 4.53 TWD (price ÷ EPS = P/E 14.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Changing Information Technology Inc. (8272)?
The dividend yield of Changing Information Technology Inc. is 3.9% (payout 55.4%). 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 Changing Information Technology Inc. (8272)?
The net margin of Changing Information Technology Inc. is 18.5% (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 EBIT return on assets of Changing Information Technology Inc. (8272)?
On an EBIT basis the return on assets of Changing Information Technology Inc. is 14.6% (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.
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