Chicony Electronics Co Ltd (2385) fair value: what the stock is really worth
We calculate from audited financials what Chicony Electronics Co Ltd is really worth. The fair value tells you whether the price is too high or too low, the quality score (0 to 100) how solid the business behind it is. 26 models, 37 quality factors, updated daily, free.
Compare price with fair valuebelow fair value = cheap, above = expensive
Check the quality50 and up solid, 75 and up strong
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Below-average quality, trading 46% below our fair value of 191.04 TWD.
As of Aug 19, 2026, the fair value of Chicony Electronics Co Ltd is 191.04 TWD per share against a price of 103.50 TWD, so the fair value sits 85% above the price. A model estimate from reported figures, not an analyst target.
!Weak Growth (revenue 5y +0.1 %/yr)
!Thin margins · 6.8% net margin
✓Low debt · generates free cash flow
·6.96% dividend yield
✓Ranks above peers (11/15)
!Moderate moat 48/100
!Evidence only medium, so the estimate is less certain
Evidence: MediumRange 125.79 TWD to 267.12 TWD
Fair value as of: Aug 19, 2026
From 26 valuation models · updated 23 days ago
Share price −1.0% over the past month.
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Chicony Electronics Co Ltd (2385) currently trades at 103.50 TWD, while our model-based Fair Value estimate is 191.04 TWD, implying the stock looks roughly 45.8% undervalued today. The Quality Score stands at 47/100 (below-average quality), in the Technology sector. Bull case: the Growth Earnings group reads highest at a median of 209.35 TWD per share, and 22 of the 26 models we run sit above the 103.50 TWD price. Bear case: the Asset-Based group reads lowest at 40.50 TWD, and 4 of the 26 models stay below the price. Evidence for this calculation is medium.
Over the trailing twelve months, Chicony Electronics Co Ltd generated revenue of 95.3B TWD at a net margin of 6.8%. Revenue declined 1.8% year over year. It earns a return on equity of 15.5%. The balance sheet holds a net cash position of 12.3B TWD. Fundamentals as of Aug 19, 2026
Scenario range: 125.79 TWD (bear) to 267.12 TWD (bull), the price of 103.50 TWD sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target. The share trades about 31% below its 52-week high, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at −40% fair-value upside, at 85%, 2385 screens cheaper than that median.
Fair Value models
Based on fiscal year 2025 figures (about 8 months old). Earnings retained since then (1.20 TWD per share) are deliberately not added.
Each model values the company its own way; the fair value above is the evidence-weighted blend. Evidence (0 to 100) shows how complete a model's inputs are. How we calculate →
ModelBear ⓘ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 evidence110.37 TWD151.49 TWD212.38 TWD81
Growth DCF112.21 TWD149.40 TWD201.55 TWD79
Owner Earnings129.94 TWD180.95 TWD256.46 TWD77
All 26 models by family
DCF Models
FCF DCF best evidence110.37 TWD151.49 TWD212.38 TWD81
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Key figures & financial health
P/E ratio11.6
P/S ratio0.80P/E × margin
EPS (TTM)8.93 TWDprice ÷ EPS = P/E 11.6
Dividend yield7.0%payout 80.6%
Net margin6.9%FY2025
Return on equity15.5%TTM
More key figures
Profitability
Return on assets (EBIT)10.5%avg 5y
Operating margin7.6%TTM
Growth
Revenue (TTM)95.3B TWDTTM
Revenue growth (YoY)−1.8%3y avg −6.2%
EPS growth (YoY)−8.8%
Balance sheet & cash flow
Free cash flow5.4B TWDFY2025
Net cash12.3B TWDFY2025
Figures from reported company fundamentals · as of Aug 19, 2026. TTM = trailing twelve months.
Quality Score breakdown
Overall quality47/100
Of which business quality 49
· Market factors (momentum, volatility) 37
Profitability49
Margins and returns on capital today
Quality Growth20
Are margins and returns improving?
Cashflow44
Earnings quality: real cash, not paper profit
Fin. Strength81
Balance sheet, leverage, solvency risk
Investment78
Disciplined investing over empire-building
Low Volatility87
Calm price path (market factor)
Momentum20
Price trend over the last 3–12 months (market factor)
52W Momentum10
Distance to the 52-week high (market factor)
Net Issuance15
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
Chicony Electronics Co., Ltd. engages in the manufacture and sale of electronic parts and components in Taiwan and internationally.
Full company description
Chicony Electronics Co., Ltd. engages in the manufacture and sale of electronic parts and components in Taiwan and internationally. It produces and sells computer peripherals, engages in overseas mergers, acquisition, and management; import and export of power supplies and related products; researches, develops, manufactures and sells communication products; and e-commerce software services. Chicony Electronics Co., Ltd. was incorporated in 1983 and is headquartered in New Taipei City, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Chicony Electronics Co Ltd reported revenue of 95.7B TWD in FY2025 versus 107B TWD in FY2021, a compound −2.9%/yr. Reported net income was 6.6B TWD in FY2025, compounding +1.7%/yr from FY2021.
Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
95.7B TWD
Latest YoY
−5.7%
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.
−6.2%
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.
+0.1%
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.
+9.4%
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.
+5.7%
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share−1.3%
Dividend yield7.0%
Trend ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5Y −1.3% vs 10Y 3.3%, flattening
Operating margin (EBIT) ⓘ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.8.7% (2020) → 8.3% (2025) · steady
Worst earnings drop37% (2025) · in TWD
Revenue−2.9%/yr
FY21107B TWD
FY22116B TWD
FY2398.3B TWD
FY24101B TWD
FY2595.7B TWD
Net income+1.7%/yr
FY216.2B TWD
FY227.3B TWD
FY237.5B TWD
FY249.0B TWD
FY256.6B TWD
Character of growth · EPS growth decomposed (2014-2025)+6.7 % p.a.
Revenue per share+1.1 %
of which total revenue +2.4 % · buybacks/dilution −1.3 %
EBIT margin+5.0 %
Tax rate−0.2 %
Residual (interest, one-offs)+0.7 %
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).
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). "Chicony Electronics Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2385
Peer Group
Computer Hardware · 223 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
Quality Score47 · Below median
Fair Value upside+73% · Top 25%
Profitability
Return on equity (TTM)15% · Top 25%
Return on assets4% · Above median
Net margin (TTM)7% · Above median
Operating margin (TTM)8% · Above median
Growth and dividend
Revenue growth−2% · Below median
Dividend yield (TTM)7.0% · Top 25%
Balance sheet
Debt / equity0.00× · Lowest 25%
Valuation Multiples vs Computer Hardware median · lower = cheaper
P/E (TTM)11.6× · Cheapest 25%
P/B1.70× · Cheaper than median
P/S (TTM)0.79× · Cheaper than median
P/FCF0.4× · Cheapest 25%
EV/EBITDA5.5× · Cheapest 25%
PEG5.66× · Priciest 25%
What the price implies (reverse DCF)
The inverse question: what free-cash-flow growth must Chicony Electronics Co Ltd deliver for ten years so that today's price is fair in our DCF model? Same formula, same discount rate as the fair value.
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.
This stockSector peers
VALUE100· sector 8
FUTURE0· sector 59
PAST62· sector 24
HEALTH100· sector 97
DIVIDEND100· sector 38
Insider activity: 42/100
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 Computer Hardware stocks, each showing price versus our Fair Value estimate (as of Aug 19, 2026).
Is Chicony Electronics Co Ltd (2385) overvalued or undervalued?
As of Aug 19, 2026, our model estimates a fair value of 191.04 TWD versus a price of 103.50 TWD, about +85% upside (undervalued).
What is the fair value of 2385?
Our model-based fair value for Chicony Electronics Co Ltd is 191.04 TWD (as of Aug 19, 2026), built from audited fundamentals. The current price: 103.50 TWD.
What is the quality score of 2385?
Chicony Electronics Co Ltd has a Quality Score of 47/100. 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 Chicony Electronics Co Ltd (2385)?
Our model-based price target is the fair value of 191.04 TWD (as of Aug 19, 2026) from 26 valuation models. Cautious scenario 125.79 TWD, optimistic scenario 267.12 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Chicony Electronics Co Ltd stock forecast for 2026?
Our models put fair value at 191.04 TWD, about +85% upside versus a price of 103.50 TWD (undervalued). Cautious scenario 125.79 TWD, optimistic scenario 267.12 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Chicony Electronics Co Ltd (2385)?
Chicony Electronics Co Ltd reported trailing-twelve-month revenue of about 95.3B TWD (latest available figure, as of Aug 19, 2026).
What is the net profit margin of 2385?
The net profit margin of Chicony Electronics Co Ltd is about 6.8%, meaning it keeps roughly 6.8% of revenue as net income. Based on the latest reported figures.
Does Chicony Electronics Co Ltd pay a dividend?
Chicony Electronics Co Ltd currently shows a dividend yield of about 6.96% relative to its recent price (as of Aug 19, 2026).
What growth is priced into Chicony Electronics Co Ltd (2385)?
For today's price to be fair in a discounted-cash-flow model, Chicony Electronics Co Ltd would have to grow free cash flow by +0.0 % per year for ten years (discount rate 9.0 %, then 2 % perpetual growth). Over the last 5 years revenue grew +0.1 % per year. As of Aug 19, 2026.
What discount rate (WACC) does the fair value of 2385 use?
Our models discount Chicony Electronics Co Ltd at 9.0 %: a base by market capitalisation (mid), damped by beta 0.37, country premium for Taiwan. The same rate applies in all 26 models.
What is the intrinsic value of Chicony Electronics Co Ltd (2385)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Chicony Electronics Co Ltd it is 191.04 TWD per share (as of Aug 19, 2026), against a price of 103.50 TWD. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Chicony Electronics Co Ltd stock overvalued or undervalued in 2026?
As of Aug 19, 2026, 2385 trades below its calculated fair value: price 103.50 TWD, fair value 191.04 TWD, a gap of about +85% (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 2385?
No. The price is what the market pays today (103.50 TWD); the fair value is what the company's own numbers justify (191.04 TWD). For Chicony Electronics Co Ltd the two are 87.54 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Chicony Electronics Co Ltd worth?
The market values Chicony Electronics Co Ltd at about 87.6B TWD (market capitalisation, as of Aug 19, 2026). Per share that is 103.50 TWD; our models calculate a fair value of 191.04 TWD per share.
What do the bullish and bearish scenarios say about 2385?
Our models span a range for Chicony Electronics Co Ltd: cautious scenario 125.79 TWD, base 191.04 TWD, optimistic 267.12 TWD per share (as of Aug 19, 2026, price 103.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2385?
Chicony Electronics Co Ltd trades at a price-to-earnings ratio of 11.6 (as of Aug 19, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 191.04 TWD is built from several models across several years. Other multiples: PEG 5.7, P/B 1.7, P/S 0.8, EV/EBITDA 5.5.
What is the PEG ratio of 2385?
The PEG ratio of Chicony Electronics Co Ltd is 5.66 (P/E divided by earnings growth, as of Aug 19, 2026). That is above 1, so the growth is already paid for in the price.
How solid is the balance sheet of Chicony Electronics Co Ltd (2385)?
Balance-sheet figures for Chicony Electronics Co Ltd (as of Aug 19, 2026): return on equity 15.5%, debt of 0.00 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is 2385 from its 52-week high?
Chicony Electronics Co Ltd trades at 103.50 TWD, about 31% below its 52-week high of 150.48 TWD (as of Aug 19, 2026). Distance from the high says nothing about value: that is what the fair value of 191.04 TWD is for.
Which stocks are comparable to Chicony Electronics Co Ltd?
From the same area (Technology) we also value Dell Technologies Inc, Arista Networks, Inc, Western Digital Corporation, Hygon Information Technology Co, 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 Chicony Electronics Co Ltd stock attractive at the current price?
The data as of Aug 19, 2026: price 103.50 TWD, calculated fair value 191.04 TWD (+85%), Quality Score 47/100, from 26 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 2385 calculated?
We run Chicony Electronics Co Ltd through 26 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 191.04 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 32.6 % above its aggregate fair value. Chicony Electronics Co Ltd currently trades 85 % 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 <a href="/is-it-worth-investing-now/">is it worth investing now</a>.
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