EN DE

Chroma ATE Inc (2360) Fair Value & Analysis

Technology · TW · Market cap 807B TWD (≈ $25.4B) · ISIN TW0002360005

What is Chroma ATE Inc really worth?

CA Chroma ATE Inc 2360 · TW
Price2,030 TWD
Fair Value322.57 TWD
Upside−84.1%
Quality72/100

Structural break: The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.

A solid business, but trading 529% above our fair value of 322.57 TWD.

Watch Chroma ATE Inc for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card. Watch for free

Strengths

Highly profitable · 40.3% net margin
Low debt · generates free cash flow
Wide moat 91/100

Risks

!Expensive Growth (revenue 5y +12.8 %/yr)
!Mixed vs. peers (6/15)
!Evidence only low, so the estimate is less certain
!Weak on dividend: 19 out of 100

For context

·0.96% dividend yield
Evidence: Low Range 187.70 TWD – 559.03 TWD

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 22 days ago

Fair value updated Aug 13, 2026, revised from 286.15 TWD to 322.57 TWD (+12.7%) since Jul 15, 2026. Share price +7.7% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • A high-quality business (quality 72/100), yet the market already pays well above fair value. Quality at a full price, with little margin of safety.
  • The price sits above even our optimistic bull case (559.03 TWD). The favourable scenario is already priced in.
  • The model range is unusually wide (187.70 TWD to 559.03 TWD). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Price vs Fair Value (5 years)

2,603 TWD 119.27 TWD Fair Value 322.57 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 119.27 TWD – 2,603 TWD · fair‑value band 187.70 TWD – 559.03 TWD · the 2,030 TWD price screens above the 322.57 TWD fair value. Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Chroma ATE Inc (2360) currently trades at 2,030 TWD, while our model-based Fair Value estimate is 322.57 TWD, implying the stock looks roughly 529.3% overvalued today. The Quality Score stands at 72/100 (solid quality), in the Technology sector. Bull case: the Growth Earnings group reads highest at a median of 571.79 TWD per share, and 0 of the 26 models we run sit above the 2,030 TWD price. Bear case: the Asset-Based group reads lowest at 50.45 TWD, and 26 of the 26 models stay below the price. Evidence for this calculation is low.

Over the trailing twelve months, Chroma ATE Inc generated revenue of 33.3B TWD at a net margin of 40.3%. Revenue grew 72.8% year over year. It earns a return on equity of 52.1%. The balance sheet holds a net cash position of 2.3B TWD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 187.70 TWD (bear case) to 559.03 TWD (bull case); at 2,030 TWD, the current price sits above 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 27% below its 52-week high, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −55% fair-value upside, at −84%, 2360 screens richer 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 5.38 TWD per share, which is 1.7 % 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.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (50.45 TWD to 773.50 TWD). Read the values as a conservative anchor, not as a price target.
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 best evidence 100.91 TWD 172.86 TWD 298.40 TWD 78
Growth DCF 101.34 TWD 170.74 TWD 292.16 TWD 76
Owner Earnings 322.09 TWD 563.27 TWD 984.12 TWD 74
All 26 models by family
DCF Models
FCF DCF best evidence 100.91 TWD 172.86 TWD 298.40 TWD 78
Owner Earnings 322.09 TWD 563.27 TWD 984.12 TWD 74
5Y Revenue Exit 168.85 TWD 305.50 TWD 490.55 TWD 71
5Y EBITDA Exit 236.44 TWD 440.44 TWD 693.97 TWD 73
5Y P/E Exit 398.66 TWD 764.31 TWD 1,177 TWD 69
10Y Revenue Exit 138.87 TWD 262.51 TWD 449.71 TWD 64
10Y EBITDA Exit 190.91 TWD 361.85 TWD 618.64 TWD 66
10Y P/E Exit 299.49 TWD 600.28 TWD 1,020 TWD 61
Earnings-Based
Graham-Dodd 187.70 TWD 773.50 TWD 1,054 TWD 64
Lynch FV 194.76 TWD 278.23 TWD 361.70 TWD 61
PEG = 1.0 194.76 TWD 278.23 TWD 361.70 TWD 57
EPV 177.00 TWD 207.02 TWD 233.70 TWD 74
Dividend Discount
Gordon GGM 86.93 TWD 189.77 TWD 319.30 TWD 65
DDM Multi-Stage 86.93 TWD 155.45 TWD 197.77 TWD 66
Multiples
P/E Multiple 579.65 TWD 772.86 TWD 966.08 TWD 63
P/S Multiple 275.70 TWD 367.60 TWD 459.49 TWD 58
P/B Multiple 338.86 TWD 451.82 TWD 564.77 TWD 55
EV/EBIT 397.73 TWD 528.01 TWD 658.29 TWD 66
EV/EBITDA 326.81 TWD 433.45 TWD 540.09 TWD 67
EV/Revenue 204.48 TWD 289.16 TWD 373.84 TWD 54
Asset-Based
NCAV (Graham) 37.65 TWD 50.45 TWD 75.30 TWD 54
Growth DCF
Growth DCF 101.34 TWD 170.74 TWD 292.16 TWD 76
Rev-Margin DCF 168.85 TWD 300.89 TWD 464.67 TWD 71
Economic Profit
Residual Income 212.31 TWD 304.02 TWD 3,146 TWD 64
ROIC Compounder 197.61 TWD 260.66 TWD 340.72 TWD 72
Growth Earnings
Growth-Adj P/E 400.26 TWD 571.79 TWD 743.33 TWD 67

Widest divergence: Growth Earnings (571.79 TWD) versus Asset-Based (50.45 TWD). Highest evidence: FCF DCF (78).

Notify me when 2360 reaches fair value

Put 2360 on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.

Set up alert →

Free, no payment details. Unsubscribe anytime in one click.

Key figures & financial health

P/E ratio 64.1
P/S ratio 26.5 P/E × margin
EPS (TTM) 31.67 TWD price ÷ EPS = P/E 64.1
Dividend yield 1.0% payout 61.6%
Net margin 41.3% FY2025
Return on equity 52.1% TTM
More key figures
Profitability
Return on assets (EBIT) 15.8% avg 5y
Operating margin 40.5% TTM
Growth
Revenue (TTM) 33.3B TWD TTM
Revenue growth (YoY) +72.8% 3y avg +8.7%
EPS growth (YoY) +82.1%
Balance sheet & cash flow
Free cash flow 3.1B TWD FY2025
Net cash 2.3B TWD FY2025

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

Quality Score breakdown

Overall quality 72/100

Of which business quality 69 · Market factors (momentum, volatility) 59

Profitability 81
Margins and returns on capital today
Quality Growth 79
Are margins and returns improving?
Cashflow 39
Earnings quality: real cash, not paper profit
Fin. Strength 88
Balance sheet, leverage, solvency risk
Investment 45
Disciplined investing over empire-building
Low Volatility 21
Calm price path (market factor)
Momentum 71
Price trend over the last 3–12 months (market factor)
52W Momentum 84
Distance to the 52-week high (market factor)
Net Issuance 76
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

Chroma ATE Inc. designs, assembles, manufactures, sells, repairs, and maintains software/hardware for computers and peripherals, computerized automatic test systems, electronic test instruments, signal generators, power supplies, and telecom power supplies in Taiwan, China, the United States, and internationally.

Full company description

Chroma ATE Inc. designs, assembles, manufactures, sells, repairs, and maintains software/hardware for computers and peripherals, computerized automatic test systems, electronic test instruments, signal generators, power supplies, and telecom power supplies in Taiwan, China, the United States, and internationally. The company provides test solutions, such as semiconductor/IC test; automated optical inspection; power electronics; server power and backup battery unit; electric vehicle; battery test and automation; energy storage and power conversion test; passive component; electrical safety; video and color; flat panel display; photonics; LED and driver; photovoltaic; semiconductor/IC; and general-purpose test solutions; battery; photovoltaic/inverter; and turnkey test and automation solutions; automated optical inspection; PXI test and measurement; intelligent manufacturing system, and other solutions. The company also offers warranty, calibration and repair, instrument and test system calibration and repair, customer-site installation, product upgrade, training, technical support, and product support services, as well as replacement parts. Its products are used in information technology, communication, aerospace, and defense industries, as well as hybrid automobiles, LED luminance devices, and solar and fuel cells. The company was incorporated in 1984 and is headquartered in Taoyuan City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Chroma ATE Inc reported revenue of 28.3B TWD in FY2025 versus 17.6B TWD in FY2021, a compound +12.6%/yr. Reported net income was 11.7B TWD in FY2025, compounding +29.3%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
28.3B TWD
Latest YoY
+31.0%
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.
+8.7%
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.
+12.8%
Avg. revenue growth/yr (23Y) 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.
+9.2%
Value creation/yr (5Y, in TWD) Earnings growth per share (CAGR 5 years) 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.
+38.6% (37.6 + 1.0)
Revenue +12.6%/yr
FY21 17.6B TWD
FY22 22.1B TWD
FY23 18.7B TWD
FY24 21.6B TWD
FY25 28.3B TWD
Net income +29.3%/yr
FY21 4.2B TWD
FY22 5.1B TWD
FY23 4.0B TWD
FY24 5.3B TWD
FY25 11.7B TWD
Character of growth · EPS growth decomposed (2014-2025) +18.7 % p.a.
Revenue per share +8.4 %

of which total revenue +9.0 % · buybacks/dilution −0.5 %

EBIT margin +8.0 %
Tax rate −0.1 %
Residual (interest, one-offs) +1.4 %

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).

2360 screens 529% overvalued. Compare with Keysight Technologies, Inc →

Share or link this analysis
𝕏 Post WhatsApp LinkedIn Reddit
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Chroma ATE Inc Fair Value". https://www.fairvalue-calculator.com/stock/2360

Earlier news

External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.

Peer Group

Scientific & Technical Instruments · 164 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 72 · Top 25%
Fair Value upside −84% · Bottom 25%
Return on equity (TTM) 52% · Top 25%
Return on assets 16% · Top 25%
Net margin (TTM) 40% · Top 25%
Operating margin (TTM) 40% · Top 25%
Revenue growth 73% · Top 25%
Dividend yield (TTM) 1.0% · Below median
Debt / equity 0.10× · Higher than median

Valuation Multiples vs Scientific & Technical Instruments median · lower = cheaper

P/E (TTM) 64.1× · Pricier than median
P/B 25.30× · Pricier than 75% of peers
P/S (TTM) 24.23× · Pricier than 75% of peers
P/FCF 8.3× · Pricier than median
EV/EBITDA 64.3× · Pricier than 75% of peers
PEG 7.21× · Pricier than 75% of peers

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
VALUE0 · sector 0
FUTURE100 · sector 32
PAST100 · sector 24
HEALTH95 · sector 98
DIVIDEND19 · sector 21

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

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 Scientific & Technical Instruments stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Keysight Technologies, Inc KEYS $316.13 $107.22 −66%
Garmin Ltd GRMN $309.98 $139.44 −55%
Teledyne Technologies Incorporated TDY $607.87 $488.95 −20%
Hexagon AB HEXAB kr 99.00 kr 74.09 −25%
MKS Inc MKSI $281.60 $76.00 −73%
AVIC Chengdu Aircraft Company 302132 ¥60.00 ¥24.39 −59%
Fortive Corporation FTV $61.54 $33.48 −46%
Trimble Inc TRMB $56.99 $34.12 −40%
Cognex Corporation CGNX $60.79 $19.25 −68%
Wuhan Guide Infrared Co 002414 ¥12.97 ¥4.50 −65%

Compare Chroma ATE Inc with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Technology stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Try a ready-made strategy

Pick a strategy and jump into the live analysis with that exact screen applied.

🥇 Backtested Best 🏆 Big Names ⭐ Top Rated 💎 Quality on Sale 🚀 Profitable Growth 🧊 Quality Compounders 💵 Dividend Stars 📈 Strong Momentum 📉 Fallen Angels ⚖️ Deeply Undervalued 🔍 Small-Cap Gems 🏰 Moat at a Fair Price 💼 Insider Buying 🎩 Buffett-Style Quality 📚 Peter Lynch GARP 🧮 Greenblatt Magic Formula 🛡️ Graham Defensive

Discover tools

Stock screener Filter by region, size and sector Compare tool Two stocks side by side Extrinsic Value Calculator (Options) Splits an option premium into intrinsic and extrinsic (time) value. Peter Lynch Fair Value Formula & Calculator Apply Peter Lynch's fair value formula in seconds: fair P/E ≈ earnings growth (+ dividend) - free, with formula and example.

Frequently asked questions

Is Chroma ATE Inc (2360) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 322.57 TWD versus a price of 2,030 TWD, about −84% upside (overvalued).
What is the fair value of 2360?
Our model-based fair value for Chroma ATE Inc is 322.57 TWD (as of Aug 13, 2026), built from audited fundamentals. The current price: 2,030 TWD.
What is the quality score of 2360?
Chroma ATE Inc has a Quality Score of 72/100. 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 Chroma ATE Inc (2360)?
Chroma ATE Inc reported trailing-twelve-month revenue of about 33.3B TWD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 2360?
The net profit margin of Chroma ATE Inc is about 40.3%, meaning it keeps roughly 40.3% of revenue as net income. Based on the latest reported figures.
Does Chroma ATE Inc pay a dividend?
Chroma ATE Inc currently shows a dividend yield of about 0.96% relative to its recent price (as of Aug 13, 2026).
Free · no account needed

Watch Chroma ATE Inc in the live analysis

One click puts Chroma ATE Inc on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.

Watch for free →

Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.