China Times Publishing Comp., (8923) Fair Value & Analysis
Communication Services · TW · Market cap 577M TWD
Fair value as of: Jul 23, 2026
From 24 valuation models · updated 18 days ago
Share price −1.3% over the past month.
A solid business, but screening 14% overvalued on our models.
What matters now
- Solid but not exceptional quality (60/100) and above fair value, neither a clear bargain nor a standout compounder.
- Our model range runs from 12.26 TWD (bear) to 20.43 TWD (bull), base 16.34 TWD. The closer the price sits to the lower half, the larger the margin of safety.
- Quality 60/100 (solid quality) with high evidence: the data supports the verdict.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 23, 2026.
How to read this chart
60‑month range 12.16 TWD – 23.10 TWD · fair‑value band 12.26 TWD – 20.43 TWD · the 19.00 TWD price screens above the 16.34 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.
Analysis
China Times Publishing Comp., (8923) currently trades at 19.00 TWD, while our model-based Fair Value estimate is 16.34 TWD, implying the stock looks roughly 14.0% overvalued today. The Quality Score stands at 60/100 (solid quality), in the Communication Services sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, China Times Publishing Comp., generated revenue of 426M TWD at a net margin of 4.7%. Revenue declined 16.1% year over year. It earns a return on equity of 4.3%. Net debt stands at 16.1M TWD. Fundamentals as of Jul 23, 2026
Our scenario range runs from 12.26 TWD (bear case) to 20.43 TWD (bull case); at 19.00 TWD, the current price sits within 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 18% below its 52-week high and 5% above its 52-week low, currently below its 200-day average. For context, the median of 10 Communication Services peers we cover trades at 9% fair-value upside, at -14%, 8923 screens richer 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.
All 24 models by family
Widest divergence: DCF Models (20.93 TWD) versus Earnings-Based (5.72 TWD). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 61 · Market factors (momentum, volatility) 46
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
China Times Publishing Comp., together with its subsidiaries, engages in the editing, publishing, and wholesale distribution of books and magazines in Taiwan. It is also involved in investment activities; and provision of planning, designing, and consulting services for publications and literary events, as well as exhibition services.
Full company description
China Times Publishing Comp., together with its subsidiaries, engages in the editing, publishing, and wholesale distribution of books and magazines in Taiwan. It is also involved in investment activities; and provision of planning, designing, and consulting services for publications and literary events, as well as exhibition services. The company was founded in 1985 and is based in Taipei, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
China Times Publishing Comp., reported revenue of 447M TWD in FY2025 versus 441M TWD in FY2021, a compound +0.4%/yr. Reported net income was 29.2M TWD in FY2025, compounding −0.9%/yr from FY2021.
8923 screens 14% overvalued. Compare with The New York Times Company →
Peer Group
Publishing · 111 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.
Valuation Multiples vs Publishing median · lower = cheaper
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.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Publishing stocks, each showing price versus our Fair Value estimate (as of Jul 23, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| The New York Times Company NYT | $76.71 | $41.95 | -45% |
| Jiangsu Phoenix Publishing & Media Corporation 601928 | ¥9.20 | ¥10.07 | +9% |
| China Science Publishing & Media Ltd 601858 | ¥26.32 | ¥10.31 | -61% |
| People.cn CO., LTD 603000 | ¥17.10 | ¥4.23 | -75% |
| China South Publishing & Media Group 601098 | ¥10.43 | ¥14.66 | +41% |
| John Wiley & Sons, Inc WLY | $49.51 | $57.01 | +15% |
| Zhejiang Publishing & Media Co 601921 | ¥7.15 | ¥7.54 | +5% |
| Xinhua Winshare Publishing and Media Co 601811 | ¥11.87 | ¥21.61 | +82% |
| Shandong Publishing&Media Co 601019 | ¥6.98 | ¥11.60 | +66% |
| Guangdong Guangzhou Daily Media Co 002181 | ¥7.61 | ¥1.35 | -82% |
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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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