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CKM Applied Materials Corp (8930) Fair Value & Analysis

Industrials · TW · Market cap 2.5B TWD

CA CKM Applied Materials Corp 8930 · TWO
Price30.10 TWD
Fair Value44.56 TWD
Upside+48.0%
Quality75/100
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Mixed Growth
Solidly profitable · 13.5% net margin
Low debt · generates free cash flow
7.00% dividend yield
Ranks above peers (10/14)
Moderate moat 58/100
Evidence: High Range 30.69 TWD – 56.08 TWD Share as image

Fair value as of: Jul 22, 2026

From 23 valuation models · updated 20 days ago

Share price −2.1% over the past month.

A strong business, screening 48% undervalued on our models.

What matters now

  • The rarer combination: high quality (75/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • A fairly wide model range (30.69 TWD to 56.08 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

36.95 TWD 9.83 TWD Fair Value 44.56 TWD Feb 2021 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

60‑month range 9.83 TWD – 36.95 TWD · fair‑value band 30.69 TWD – 56.08 TWD · the 30.10 TWD price screens below the 44.56 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 22, 2026.

Full chart & analysis →

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Analysis

CKM Applied Materials Corp (8930) currently trades at 30.10 TWD, while our model-based Fair Value estimate is 44.56 TWD, implying the stock looks roughly 48.0% undervalued today. The Quality Score stands at 75/100 (high quality), in the Industrials 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.

Over the trailing twelve months, CKM Applied Materials Corp generated revenue of 1.4B TWD at a net margin of 13.5%. Revenue declined 0.7% year over year. It earns a return on equity of 14.2%. The balance sheet holds a net cash position of 110M TWD. Fundamentals as of Jul 22, 2026

Our scenario range runs from 30.69 TWD (bear case) to 56.08 TWD (bull case); at 30.10 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 4% below its 52-week high and 19% above its 52-week low, currently below its 200-day average. For context, the median of 10 Industrials peers we cover trades at -33% fair-value upside, at 48%, 8930 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
Growth DCF 28.54 TWD 37.91 TWD 49.96 TWD 80
Residual Income 17.24 TWD 21.02 TWD 45.30 TWD 76
Rev-Margin DCF 24.60 TWD 35.42 TWD 46.80 TWD 74
All 23 models by family
DCF Models
FCF DCF 27.79 TWD 37.78 TWD 51.13 TWD 38
Owner Earnings 26.76 TWD 36.34 TWD 49.16 TWD 31
5Y Revenue Exit 24.60 TWD 35.03 TWD 47.65 TWD 39
5Y EBITDA Exit 29.41 TWD 43.45 TWD 58.87 TWD 41
5Y P/E Exit 32.44 TWD 48.75 TWD 64.73 TWD 38
10Y Revenue Exit 25.02 TWD 34.33 TWD 45.42 TWD 36
10Y EBITDA Exit 28.54 TWD 39.85 TWD 53.30 TWD 37
10Y P/E Exit 30.38 TWD 43.33 TWD 57.42 TWD 35
Earnings-Based
Graham-Dodd 16.60 TWD 35.18 TWD 44.60 TWD 54
PEG = 1.0 5.33 TWD 7.62 TWD 9.90 TWD 46
EPV 20.60 TWD 23.57 TWD 26.12 TWD 59
Multiples
P/E Multiple 38.45 TWD 51.26 TWD 64.08 TWD 63
P/S Multiple 26.55 TWD 35.41 TWD 44.26 TWD 58
P/B Multiple 31.12 TWD 41.50 TWD 51.87 TWD 55
EV/EBIT 38.65 TWD 50.92 TWD 63.20 TWD 53
EV/EBITDA 34.65 TWD 45.59 TWD 56.54 TWD 54
EV/Revenue 24.14 TWD 33.70 TWD 43.26 TWD 43
Asset-Based
NCAV (Graham) 9.12 TWD 12.22 TWD 18.24 TWD 50
Growth DCF
Growth DCF 28.54 TWD 37.91 TWD 49.96 TWD 80
Rev-Margin DCF 24.60 TWD 35.42 TWD 46.80 TWD 74
Economic Profit
Residual Income 17.24 TWD 21.02 TWD 45.30 TWD 76
ROIC Compounder 20.87 TWD 24.73 TWD 28.89 TWD 72
Growth Earnings
Growth-Adj P/E 28.28 TWD 40.41 TWD 52.53 TWD 68

Widest divergence: Multiples (41.50 TWD) versus Asset-Based (12.22 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.4B TWD
Revenue growth (YoY) -0.7%
Net margin 13.5%
Return on equity 14.2%
Free cash flow 209M TWD FY2025
P/E ratio 11.6
More key figures
Operating margin 14.7%
EPS (TTM) 2.39 TWD
Dividend yield 8.0%
EPS growth (YoY) -7.6%
Net cash 110M TWD FY2023

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

Quality Score breakdown

Overall quality 75/100

Of which business quality 73 · Market factors (momentum, volatility) 58

Profitability 51
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 66
Earnings quality: real cash, not paper profit
Fin. Strength 93
Balance sheet, leverage, solvency risk
Investment 94
Disciplined investing over empire-building
Low Volatility 92
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 54
Distance to the 52-week high (market factor)
Net Issuance 94
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

CKM Applied Materials Corp. engages in the manufacture and trading of building materials in Taiwan and internationally. The company offers ceiling suspension systems, such as T grids and partition frame systems; metal ceilings, including non-perforated, perforated, embossed, mesh, baffle, curve, linear, honeycomb, extrusion, crossing, triangular, cell, and …

Full company description

CKM Applied Materials Corp. engages in the manufacture and trading of building materials in Taiwan and internationally. The company offers ceiling suspension systems, such as T grids and partition frame systems; metal ceilings, including non-perforated, perforated, embossed, mesh, baffle, curve, linear, honeycomb, extrusion, crossing, triangular, cell, and strip ceilings; and panels. Its products are used in governmental buildings, hospitals, schools, department stores, hotels, factories, public buildings, and residential and commercial buildings. The company was formerly known as CKM Building Material Corp. and changed its name to CKM Applied Materials Corp. in July 2017. The company was incorporated in 1982 and is headquartered in Tainan City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

CKM Applied Materials Corp reported revenue of 1.4B TWD in FY2025 versus 1.2B TWD in FY2021, a compound +3.6%/yr. Reported net income was 196M TWD in FY2025, compounding +25.2%/yr from FY2021.

Growth Quality 81/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.4B TWD
Latest YoY
−7.8%
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.
+2.7%
Avg. 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.
+8.3%
Avg. growth/yr (10Y) 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.
+4.5%
Revenue +3.6%/yr
FY21 1.2B TWD
FY22 1.3B TWD
FY23 1.5B TWD
FY24 1.5B TWD
FY25 1.4B TWD
Net income +25.2%/yr
FY21 79.9M TWD
FY22 174M TWD
FY23 255M TWD
FY24 246M TWD
FY25 196M TWD

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Cite: Fair Value Calculator (2026). "CKM Applied Materials Corp Fair Value". https://www.fairvalue-calculator.com/stock/8930

Peer Group

Building Products & Equipment · 247 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 75 · Top 25%
Fair Value upside +48% · Top 25%
Return on equity (TTM) 14% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 13% · Top 25%
Operating margin (TTM) 15% · Top 25%
Revenue growth -1% · Below median
Dividend yield (TTM) 7.0% · Top 25%
Debt / equity 0.23× · Higher than median

Valuation Multiples vs Building Products & Equipment median · lower = cheaper

P/E (TTM) 12.9× · Cheaper than median
P/B 1.69× · Pricier than median
P/S (TTM) 1.75× · Pricier than median
P/FCF 0.4× · Cheaper than 75% of peers
EV/EBITDA 8.9× · Cheaper than median

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 97 · sector 3
FUTURE 0 · sector 9
PAST 57 · sector 23
HEALTH 88 · sector 94
DIVIDEND 100 · 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 Building Products & Equipment stocks, each showing price versus our Fair Value estimate (as of Jul 22, 2026).

Stock Price Fair Value vs Fair Value
Trane Technologies plc TT $469.98 $212.34 -55%
Johnson Controls International plc JCI $142.81 $45.65 -68%
Carrier Global Corporation CARR $68.61 $17.35 -75%
Compagnie de Saint-Gobain S.A SGO €76.62 €101.60 +33%
Geberit AG GEBN CHF 523.20 CHF 307.66 -41%
Lennox International Inc LII $543.93 $363.09 -33%
Kingspan Group KRX €87.30 €70.76 -19%
Masco Corporation MAS $78.04 $54.36 -30%
PT Impack Pratama Industri Tbk, IMPC 1,420 IDR 179.76 IDR -87%
NIBE Industrier AB NIBEB kr 36.03 kr 25.37 -30%

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Frequently asked questions

Is CKM Applied Materials Corp (8930) overvalued or undervalued?
As of Jul 22, 2026, our model estimates a fair value of 44.56 TWD versus a price of 30.10 TWD, about +48% (undervalued).
What is the fair value of 8930?
Our model-based fair value for CKM Applied Materials Corp is 44.56 TWD (as of Jul 22, 2026), built from audited fundamentals. The current price is 30.10 TWD.
What is the quality score of 8930?
CKM Applied Materials Corp has a Quality Score of 75/100. 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 revenue of CKM Applied Materials Corp (8930)?
CKM Applied Materials Corp reported trailing-twelve-month revenue of about 1.4B TWD (latest available figure, as of Jul 22, 2026).
What is the net profit margin of 8930?
The net profit margin of CKM Applied Materials Corp is about 13.5%, meaning it keeps roughly 13.5% of revenue as net income. Based on the latest reported figures.
Does CKM Applied Materials Corp pay a dividend?
CKM Applied Materials Corp currently shows a dividend yield of about 7.97% relative to its recent price (as of Jul 22, 2026).

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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