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Chung-Hsin Electric & Machinery Mfg Corp (1513) Fair Value & Analysis

Industrials · TW · Market cap 77.8B TWD (≈ $2.5B) · ISIN TW0001513000

What is Chung-Hsin Electric & Machinery Mfg Corp really worth?

CH Chung-Hsin Electric & Machinery Mfg Corp 1513 · TW
Price165.50 TWD
Fair Value157.32 TWD
Upside−4.9%
Quality73/100

A solid business, currently priced close to our fair value of 157.32 TWD.

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Strengths

Healthy Growth (revenue 5y +12.3 %/yr)
Solidly profitable · 14.8% net margin
Low debt · generates free cash flow
Ranks above peers (10/14)
Wide moat 66/100

Risks

!Weak on valuation: 27 out of 100
!Weak on future: 4 out of 100

For context

·3.63% dividend yield
Evidence: High Range 114.51 TWD – 200.13 TWD

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 22 days ago

Share price +2.8% 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 close to our fair value, market and models broadly agree here, little valuation tension.
  • The price sits in the upper half of our model range, so the margin of safety is thin.
  • The data supports the verdict: every model runs on fully documented inputs.

Price vs Fair Value (5 years)

235.50 TWD 36.42 TWD Fair Value 157.32 TWD Apr 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 36.42 TWD – 235.50 TWD · fair‑value band 114.51 TWD – 200.13 TWD · the 165.50 TWD price screens above the 157.32 TWD fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Chung-Hsin Electric & Machinery Mfg Corp (1513) currently trades at 165.50 TWD, while our model-based Fair Value estimate is 157.32 TWD, implying the stock looks roughly 5.2% fairly valued today. The Quality Score stands at 73/100 (solid quality), in the Industrials sector. Bull case: the DCF Models group reads highest at a median of 261.58 TWD per share, and 14 of the 26 models we run sit above the 165.50 TWD price. Bear case: the Asset-Based group reads lowest at 28.04 TWD, and 12 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Chung-Hsin Electric & Machinery Mfg Corp generated revenue of 27.5B TWD at a net margin of 14.8%. Revenue grew 0.7% year over year. It earns a return on equity of 19.7%. Net debt stands at 6.9B TWD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 114.51 TWD (bear case) to 200.13 TWD (bull case); at 165.50 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 16% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at −52% fair-value upside, at −5%, 1513 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 1.41 TWD per share, which is 0.9 % 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 263.35 TWD 414.68 TWD 648.62 TWD 79
Growth DCF 267.24 TWD 400.06 TWD 592.19 TWD 78
Owner Earnings 166.44 TWD 261.58 TWD 408.66 TWD 75
All 26 models by family
DCF Models
FCF DCF 263.35 TWD 414.68 TWD 648.62 TWD 79
Owner Earnings 166.44 TWD 261.58 TWD 408.66 TWD 75
5Y Revenue Exit 136.35 TWD 186.63 TWD 247.16 TWD 73
5Y EBITDA Exit 190.99 TWD 289.83 TWD 403.62 TWD 75
5Y P/E Exit 166.86 TWD 244.24 TWD 324.27 TWD 71
10Y Revenue Exit 177.46 TWD 234.70 TWD 306.16 TWD 68
10Y EBITDA Exit 214.59 TWD 306.72 TWD 426.66 TWD 69
10Y P/E Exit 199.14 TWD 274.91 TWD 365.55 TWD 64
Earnings-Based
Graham-Dodd 54.92 TWD 178.94 TWD 239.05 TWD 64
Lynch FV 40.03 TWD 57.18 TWD 74.34 TWD 61
PEG = 1.0 40.03 TWD 57.18 TWD 74.34 TWD 57
EPV 78.66 TWD 91.39 TWD 102.52 TWD 74
Dividend Discount
Gordon GGM 43.01 TWD 89.42 TWD 141.86 TWD 66
DDM Multi-Stage 43.01 TWD 72.62 TWD 93.85 TWD 66
Multiples
P/E Multiple 127.20 TWD 169.60 TWD 212.01 TWD 63
P/S Multiple 83.33 TWD 111.11 TWD 138.89 TWD 58
P/B Multiple 102.97 TWD 137.30 TWD 171.62 TWD 55
EV/EBIT 130.75 TWD 173.56 TWD 216.37 TWD 66
EV/EBITDA 170.82 TWD 226.99 TWD 283.16 TWD 67
EV/Revenue 72.32 TWD 102.32 TWD 132.32 TWD 54
Asset-Based
NCAV (Graham) 20.92 TWD 28.04 TWD 41.85 TWD 54
Growth DCF
Growth DCF 267.24 TWD 400.06 TWD 592.19 TWD 78
Rev-Margin DCF 136.35 TWD 190.11 TWD 254.08 TWD 73
Economic Profit
Residual Income 51.36 TWD 64.26 TWD 177.91 TWD 67
ROIC Compounder 84.57 TWD 106.96 TWD 133.34 TWD 72
Growth Earnings
Growth-Adj P/E 106.88 TWD 152.69 TWD 198.50 TWD 67

Widest divergence: DCF Models (261.58 TWD) versus Asset-Based (28.04 TWD). Highest evidence: FCF DCF (79).

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Key figures & financial health

P/E ratio 20.5
P/S ratio 2.98 P/E × margin
EPS (TTM) 8.07 TWD price ÷ EPS = P/E 20.5
Dividend yield 3.6% payout 74.3%
Net margin 14.5% FY2025
Return on equity 19.7% TTM
More key figures
Profitability
Return on assets (EBIT) 9.0% avg 5y
Operating margin 18.5% TTM
Growth
Revenue (TTM) 27.5B TWD TTM
Revenue growth (YoY) +0.7% 3y avg +14.0%
EPS growth (YoY) +8.9%
Balance sheet & cash flow
Free cash flow 11.2B TWD FY2025
Net debt 6.9B TWD FY2025 · ≈ 0.6 yrs of FCF

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

Quality Score breakdown

Overall quality 73/100

Of which business quality 72 · Market factors (momentum, volatility) 44

Profitability 51
Margins and returns on capital today
Quality Growth 56
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 73
Balance sheet, leverage, solvency risk
Investment 65
Disciplined investing over empire-building
Low Volatility 64
Calm price path (market factor)
Momentum 35
Price trend over the last 3–12 months (market factor)
52W Momentum 36
Distance to the 52-week high (market factor)
Net Issuance 81
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

Chung-Hsin Electric and Machinery Manufacturing Corp. manufactures and sells electric motors and generators in Taiwan and internationally. It operates through Motor Energy; Service; and Engineering and Other segments.

Full company description

Chung-Hsin Electric and Machinery Manufacturing Corp. manufactures and sells electric motors and generators in Taiwan and internationally. It operates through Motor Energy; Service; and Engineering and Other segments. It offers power equipment products; power automation products; electricity meter products; system engineering; power project; and generators, and air conditioning products. The company also provides electrical and mechanical, and property management maintenance services; energy management services; engages in urban regeneration; 10kV switchgear, 0.4kV switchgear, DC power switchgear, and neutral grounding resistor for transformer; and manufactures and sells aluminum casting parts for high voltage power supply equipment. In addition, it offers fuel cell products and microgrid energy storage; precision machining components, that includes aerospace parts, semiconductor equipment parts, pressure vessel fabrication, cases components, and power distribution boxes, as well as control boxes, train door, road noise barrier, and MRT platform screen door, as well as machine tools. Further, the company engages in the design and manufacturing of boost/substation, product of GIS operators and medium voltage switchgear; design, operation, and management of parking and charging station; contract and construction of power transmission and distribution system, power monitoring system engineering, electrical pipeline installation, air conditioning electromechanical, and system engineering; contract and construction of turnkey project for wind power generator, hydro power generator and substation; contract and construction of incinerator and pollution control project., etc.; development, sale, and rental of residential and building project; and production and manufacture of aerospace components, precision machining for components and semiconductor components. Chung-Hsin Electric and Machinery Manufacturing Corp. was founded in 1956 and is based in Taoyuan City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Chung-Hsin Electric & Machinery Mfg Corp reported revenue of 27.4B TWD in FY2025 versus 18.0B TWD in FY2021, a compound +11.1%/yr. Reported net income was 4.0B TWD in FY2025, compounding +19.5%/yr from FY2021.

Growth Quality 96/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
27.4B TWD
Latest YoY
+7.2%
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.
+14.0%
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.
+12.3%
Avg. revenue growth/yr (25Y) 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.
+4.3%
Value creation/yr (5Y, in TWD) Earnings growth per share (CAGR 5 years, EBIT basis) 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.
+22.9% (19.3 + 3.6)
Revenue +11.1%/yr
FY21 18.0B TWD
FY22 18.5B TWD
FY23 22.1B TWD
FY24 25.6B TWD
FY25 27.4B TWD
Net income +19.5%/yr
FY21 2.0B TWD
FY22 2.4B TWD
FY23 1.6B TWD
FY24 3.6B TWD
FY25 4.0B TWD
Character of growth · EPS growth decomposed (2014-2025) +18.4 % p.a.
Revenue per share +7.3 %

of which total revenue +9.1 % · buybacks/dilution −1.6 %

EBIT margin +16.0 %
Tax rate −0.3 %
Residual (interest, one-offs) −4.6 %

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).

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Cite: Fair Value Calculator (2026). "Chung-Hsin Electric & Machinery Mfg Corp Fair Value". https://www.fairvalue-calculator.com/stock/1513

Peer Group

Specialty Industrial Machinery · 792 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 73 · Top 25%
Fair Value upside −5% · Above median
Return on equity (TTM) 20% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 15% · Top 25%
Operating margin (TTM) 19% · Top 25%
Revenue growth 1% · Below median
Dividend yield (TTM) 3.6% · Top 25%
Debt / equity 0.12× · Higher than median

Valuation Multiples vs Specialty Industrial Machinery median · lower = cheaper

P/E (TTM) 20.5× · Cheaper than median
P/B 3.76× · Pricier than median
P/S (TTM) 2.83× · Pricier than median
P/FCF 0.2× · Cheaper than 75% of peers
EV/EBITDA 11.2× · Cheaper 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
VALUE27 · sector 0
FUTURE4 · sector 21
PAST79 · sector 28
HEALTH94 · sector 96
DIVIDEND73 · sector 27

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 Specialty Industrial Machinery stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

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Atlas Copco AB ATCOA kr 206.60 kr 112.59 −46%
Cummins Inc CMI $564.40 $348.94 −38%
Illinois Tool Works Inc ITW $281.67 $145.84 −48%
Emerson Electric Co EMR $155.18 $58.44 −62%
AMETEK, Inc AME $236.25 $125.80 −47%
Rockwell Automation, Inc ROK $417.53 $125.76 −70%

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Frequently asked questions

Is Chung-Hsin Electric & Machinery Mfg Corp (1513) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 157.32 TWD versus a price of 165.50 TWD, about −5% upside (fairly valued).
What is the fair value of 1513?
Our model-based fair value for Chung-Hsin Electric & Machinery Mfg Corp is 157.32 TWD (as of Aug 13, 2026), built from audited fundamentals. The current price: 165.50 TWD.
What is the quality score of 1513?
Chung-Hsin Electric & Machinery Mfg Corp has a Quality Score of 73/100. 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 Chung-Hsin Electric & Machinery Mfg Corp (1513)?
Chung-Hsin Electric & Machinery Mfg Corp reported trailing-twelve-month revenue of about 27.5B TWD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 1513?
The net profit margin of Chung-Hsin Electric & Machinery Mfg Corp is about 14.8%, meaning it keeps roughly 14.8% of revenue as net income. Based on the latest reported figures.
Does Chung-Hsin Electric & Machinery Mfg Corp pay a dividend?
Chung-Hsin Electric & Machinery Mfg Corp currently shows a dividend yield of about 3.63% relative to its recent price (as of Aug 13, 2026).
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