EN DE

Chunghwa Precision Test Tech Co Ltd (6510) Fair Value & Analysis

Technology · TW · Market cap 86.3B TWD (≈ $2.7B) · ISIN TW0006510001

What is Chunghwa Precision Test Tech Co Ltd really worth?

CP Chunghwa Precision Test Tech Co Ltd 6510 · TWO
Price3,350 TWD
Fair Value846.46 TWD
Upside−74.7%
Quality84/100

A strong business, but trading 296% above our fair value of 846.46 TWD.

Watch Chunghwa Precision Test Tech Co Ltd 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

✓Healthy Growth (revenue 5y +2.7 %/yr)
✓Highly profitable · 25.7% net margin
✓generates free cash flow
✓Wide moat 75/100

Risks

!Mixed vs. peers (7/13)
!Weak on dividend: 9 out of 100

For context

·0.46% dividend yield
Evidence: High Range 587.19 TWD – 1,060 TWD

Fair value as of: Aug 27, 2026

From 26 valuation models · updated 9 days ago

Fair value updated Aug 27, 2026, revised from 851.54 TWD to 846.46 TWD (−0.6%) since Aug 26, 2026. Share price +21.6% over the past month.

What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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

What matters now

  • A high-quality business (quality 84/100), 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 (1,060 TWD). The favourable scenario is already priced in.
  • A fairly wide model range (587.19 TWD to 1,060 TWD) leaves room in how you read the outcome.

Price vs Fair Value (5 years)

4,177 TWD 351.68 TWD Fair Value 846.46 TWD Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 27, 2026.

How to read this chart

60‑month range 351.68 TWD – 4,177 TWD · fair‑value band 587.19 TWD – 1,060 TWD · the 3,350 TWD price screens above the 846.46 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 27, 2026.

Full chart & analysis →

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

Analysis

Chunghwa Precision Test Tech Co Ltd (6510) currently trades at 3,350 TWD, while our model-based Fair Value estimate is 846.46 TWD, implying the stock looks roughly 295.7% overvalued today. The Quality Score stands at 84/100 (high quality), in the Technology sector. Bull case: the DCF Models group reads highest at a median of 905.71 TWD per share, and 0 of the 26 models we run sit above the 3,350 TWD price. Bear case: the Dividend Discount group reads lowest at 120.96 TWD, and 26 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Chunghwa Precision Test Tech Co Ltd generated revenue of 5.0B TWD at a net margin of 22.3%. Revenue grew 17.8% year over year. It earns a return on equity of 12.2%. The balance sheet holds a net cash position of 2.7B TWD. Fundamentals as of Aug 27, 2026

Our scenario range runs from 587.19 TWD (bear case) to 1,060 TWD (bull case); at 3,350 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 25% below its 52-week high and 321% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −71% fair-value upside, at −75%, 6510 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 10.12 TWD per share, which is 1.2 % 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 (120.96 TWD to 1,043 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 616.41 TWD 905.71 TWD 1,354 TWD 78
Growth DCF 623.54 TWD 876.98 TWD 1,244 TWD 76
Owner Earnings 559.91 TWD 816.18 TWD 1,213 TWD 73
All 26 models by family
DCF Models
FCF DCF best evidence 616.41 TWD 905.71 TWD 1,354 TWD 78
Owner Earnings 559.91 TWD 816.18 TWD 1,213 TWD 73
5Y Revenue Exit 498.61 TWD 704.44 TWD 965.20 TWD 70
5Y EBITDA Exit 677.69 TWD 1,043 TWD 1,473 TWD 72
5Y P/E Exit 664.52 TWD 1,018 TWD 1,393 TWD 68
10Y Revenue Exit 526.14 TWD 725.47 TWD 991.31 TWD 65
10Y EBITDA Exit 651.00 TWD 962.27 TWD 1,383 TWD 66
10Y P/E Exit 642.56 TWD 944.85 TWD 1,321 TWD 62
Earnings-Based
Graham-Dodd 205.92 TWD 677.47 TWD 905.86 TWD 64
Lynch FV 152.41 TWD 217.73 TWD 283.05 TWD 61
PEG = 1.0 152.41 TWD 217.73 TWD 283.05 TWD 57
EPV 431.47 TWD 483.12 TWD 528.31 TWD 70
Dividend Discount
Gordon GGM 71.31 TWD 148.28 TWD 235.22 TWD 66
DDM Multi-Stage 71.31 TWD 120.96 TWD 155.62 TWD 66
Multiples
P/E Multiple 635.94 TWD 847.92 TWD 1,060 TWD 63
P/S Multiple 386.11 TWD 514.81 TWD 643.51 TWD 58
P/B Multiple 386.11 TWD 514.81 TWD 643.51 TWD 55
EV/EBIT 772.34 TWD 989.26 TWD 1,206 TWD 63
EV/EBITDA 780.03 TWD 999.52 TWD 1,219 TWD 64
EV/Revenue 450.58 TWD 591.58 TWD 732.57 TWD 52
Asset-Based
NCAV (Graham) 133.17 TWD 178.45 TWD 266.34 TWD 51
Growth DCF
Growth DCF 623.54 TWD 876.98 TWD 1,244 TWD 76
Rev-Margin DCF 498.61 TWD 707.00 TWD 951.27 TWD 71
Economic Profit
Residual Income 242.56 TWD 281.48 TWD 537.04 TWD 73
ROIC Compounder 455.74 TWD 545.52 TWD 650.19 TWD 70
Growth Earnings
Growth-Adj P/E 520.95 TWD 744.21 TWD 967.48 TWD 67

Widest divergence: DCF Models (905.71 TWD) versus Dividend Discount (120.96 TWD). Highest evidence: FCF DCF (78).

Notify me when 6510 reaches fair value

Put 6510 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 79.1
P/S ratio 16.4 P/E × margin
EPS (TTM) 42.34 TWD price ÷ EPS = P/E 79.1
Dividend yield 0.5% payout 36.1%
Net margin 20.7% FY2025
Return on equity 12.2% TTM
More key figures
Profitability
Return on assets (EBIT) 7.9% avg 5y
Operating margin 29.3% TTM
Growth
Revenue (TTM) 5.0B TWD TTM
Revenue growth (YoY) +17.8% 3y avg +3.1%
EPS growth (YoY) +53.4%
Balance sheet & cash flow
Free cash flow 1.4B TWD FY2025
Net cash 2.7B TWD FY2023

Figures from reported company fundamentals · as of Aug 27, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 84/100

Of which business quality 81 · Market factors (momentum, volatility) 51

Profitability 55
Margins and returns on capital today
Quality Growth 72
Are margins and returns improving?
Cashflow 91
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 86
Disciplined investing over empire-building
Low Volatility 15
Calm price path (market factor)
Momentum 57
Price trend over the last 3–12 months (market factor)
52W Momentum 84
Distance to the 52-week high (market factor)
Net Issuance 83
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

Chunghwa Precision Test Tech. Co., Ltd., together with its subsidiaries, engages in the testing of semiconductor components in Taiwan, Republic of China, and internationally. The company is involved in the design, processing, assembly, production, and sale of printed circuit boards and related consultation services; and markets electronic products.

Full company description

Chunghwa Precision Test Tech. Co., Ltd., together with its subsidiaries, engages in the testing of semiconductor components in Taiwan, Republic of China, and internationally. The company is involved in the design, processing, assembly, production, and sale of printed circuit boards and related consultation services; and markets electronic products. It also offers probe cards for use in wafer testing, as well as to examine wafer yields after production; load boards that are interface for yield testing after IC packaging during the back-end process of semiconductor manufacturing; and probing needles, which transmit signals to the substrate and the probe cards. In addition, the company maintains and sells electronic parts and machinery processed products; invests in, retails, and wholesales electronic materials; investment activities; manufacture and retail of intellectual equipment, software and hardware system combination of intellectual factory and technology consulting services. Chunghwa Precision Test Tech. Co., Ltd. was incorporated in 2005 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

Chunghwa Precision Test Tech Co Ltd reported revenue of 4.8B TWD in FY2025 versus 4.2B TWD in FY2021, a compound +3.2%/yr. Reported net income was 997M TWD in FY2025, compounding +2.8%/yr from FY2021.

Growth Quality 73/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
4.8B TWD
Latest YoY
+33.3%
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.
+3.1%
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.
+2.7%
Avg. revenue growth/yr (8Y) ⓘ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.
+5.6%
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.
+2.9% (2.4 + 0.5)
Revenue +3.2%/yr
FY21 4.2B TWD
FY22 4.4B TWD
FY23 2.9B TWD
FY24 3.6B TWD
FY25 4.8B TWD
Net income +2.8%/yr
FY21 892M TWD
FY22 771M TWD
FY23 32.6M TWD
FY24 510M TWD
FY25 997M TWD

6510 screens 296% overvalued. Compare with ASML Holding →

Run the numbers yourself: free valuation calculators
DCF CalculatorGraham NumberPeter Lynch FormulaDDM CalculatorFama-French ModelIntrinsic Value
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.

Chunghwa Precision Test Tech Co Ltd · Fair Value
846.46 TWD −296%Fair Value
Calculator →

Cite: Fair Value Calculator (2026). "Chunghwa Precision Test Tech Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/6510

Peer Group

Semiconductor Equipment & Materials · 213 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 84 · Top 25%
Fair Value upside −75% · Bottom 25%
Return on equity (TTM) 15% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 26% · Top 25%
Operating margin (TTM) 35% · Top 25%
Revenue growth 35% · Top 25%
Dividend yield (TTM) 0.5% · Below median

Valuation Multiples vs Semiconductor Equipment & Materials median · lower = cheaper

P/E (TTM) 79.1× · Pricier than median
P/B 9.84× · Pricier than 75% of peers
P/S (TTM) 15.87× · Pricier than 75% of peers
P/FCF 1.9× · Cheaper than median
EV/EBITDA 42.0× · Pricier 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
VALUE0 · sector 0
FUTURE100 · sector 59
PAST61 · sector 30
HEALTH0 · sector 96
DIVIDEND9 · sector 17

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

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 Semiconductor Equipment & Materials stocks, each showing price versus our Fair Value estimate (as of Aug 27, 2026).

Stock Price Fair Value vs Fair Value
ASML Holding ASML €1,494 €604.27 −60%
Applied Materials, Inc AMAT $482.36 $183.10 −62%
Lam Research Corporation LRCX $301.90 $91.80 −70%
KLA Corporation KLAC $175.54 $74.58 −58%
NAURA Technology Group 002371 ¥707.90 ¥205.30 −71%
Teradyne, Inc TER $354.97 $65.80 −81%
Advanced Micro-Fabrication Equipment Inc 688012 ¥380.95 ¥55.05 −86%
Piotech Inc 688072 ¥685.11 ¥89.27 −87%
Hon. Precision, Inc 7769 6,445 TWD 1,804 TWD −72%
Hangzhou Changchuan Technology Co 300604 ¥284.80 ¥46.26 −84%

Compare Chunghwa Precision Test Tech Co Ltd 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 Chunghwa Precision Test Tech Co Ltd (6510) overvalued or undervalued?
As of Aug 27, 2026, our model estimates a fair value of 846.46 TWD versus a price of 3,350 TWD, about −75% upside (overvalued).
What is the fair value of 6510?
Our model-based fair value for Chunghwa Precision Test Tech Co Ltd is 846.46 TWD (as of Aug 27, 2026), built from audited fundamentals. The current price: 3,350 TWD.
What is the quality score of 6510?
Chunghwa Precision Test Tech Co Ltd has a Quality Score of 84/100. 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 Chunghwa Precision Test Tech Co Ltd (6510)?
Chunghwa Precision Test Tech Co Ltd reported trailing-twelve-month revenue of about 5.0B TWD (latest available figure, as of Aug 27, 2026).
What is the net profit margin of 6510?
The net profit margin of Chunghwa Precision Test Tech Co Ltd is about 22.3%, meaning it keeps roughly 22.3% of revenue as net income. Based on the latest reported figures.
Does Chunghwa Precision Test Tech Co Ltd pay a dividend?
Chunghwa Precision Test Tech Co Ltd currently shows a dividend yield of about 0.46% relative to its recent price (as of Aug 27, 2026).
Free · no account needed

Watch Chunghwa Precision Test Tech Co Ltd in the live analysis

One click puts Chunghwa Precision Test Tech Co Ltd 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.