1513 (Chung-Hsin Electric & Machinery Mfg Corp) vs Taiwan Weighted Index Comparison

1513

Taiwan Weighted Index

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1513

Taiwan Weighted Index

Difference

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1513

Taiwan Weighted Index

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Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

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Taiwan Weighted Index

1513

ENR

6503

600406

CXGH

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Chung-Hsin Electric & Machinery Mfg Corp
Glance View

Market Cap

78.8B TWD

Industry

Electrical Equipment

Chung-Hsin Electric & Machinery Mfg Corp, commonly known as CHEM, began its journey with a bold ambition to power industries and modernize infrastructure through innovation and precision engineering. Since its inception, the company has devoted itself to the development and production of a wide array of electrical equipment and industrial technology solutions. CHEM's core proficiency lies in designing and manufacturing products like transformers, switchgear, and circuit breakers, which are crucial components in the transmission and distribution of electricity. This solid foundation allows CHEM to engage deeply with sectors such as energy, infrastructure, and heavy industries, offering tailored solutions that enhance efficiency and ensure reliability in power delivery systems. CHEM's comprehensive business model is anchored in its integrated approach to design, manufacturing, and customer service. By maintaining state-of-the-art production facilities and investing in research and development, the company has positioned itself at the forefront of the electric machinery industry, ensuring it meets the dynamic demands of a global market. Its revenue is primarily driven by a balance of product sales and service contracts, the latter often involving long-term maintenance and technical support for its installations. This strategy not only fosters client loyalty but also provides predictable streams of recurring income, enabling CHEM to reinvest in emerging technologies and sustain its competitive advantage. Through strategic partnerships and a keen focus on sustainability, CHEM continues to expand its influence in the global arena, adapting to evolving trends and contributing to the advancement of energy-efficient infrastructure.

View Chung-Hsin Electric & Machinery Mfg Corp Analysis

Intrinsic Value

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

DE		Siemens Energy AG XETRA:ENR	Add
JP		Mitsubishi Electric Corp TSE:6503	Add
CN		NARI Technology Co Ltd SSE:600406	Add
CN	G	Goldwind Science & Technology Co Ltd XMUN:CXGH	Add
IN		ABB India Ltd NSE:ABB	Add
DK		Vestas Wind Systems A/S CSE:VWS	Add
CN		Shanghai Electric Group Co Ltd SSE:601727	Add
CN	H	Hangzhou Steam Turbine Co Ltd SZSE:200771	Add
KR		Hyundai Electric & Energy Systems Co Ltd KRX:267260	Add
IN		Suzlon Energy Ltd NSE:SUZLON	Add

DE		Siemens Energy AG XETRA:ENR	Select
JP		Mitsubishi Electric Corp TSE:6503	Select
CN		NARI Technology Co Ltd SSE:600406	Select
CN	G	Goldwind Science & Technology Co Ltd XMUN:CXGH	Select
IN		ABB India Ltd NSE:ABB	Select
DK		Vestas Wind Systems A/S CSE:VWS	Select
CN		Shanghai Electric Group Co Ltd SSE:601727	Select
CN	H	Hangzhou Steam Turbine Co Ltd SZSE:200771	Select
KR		Hyundai Electric & Energy Systems Co Ltd KRX:267260	Select
IN		Suzlon Energy Ltd NSE:SUZLON	Select

DE		Siemens Energy AG XETRA:ENR	Add
JP		Mitsubishi Electric Corp TSE:6503	Add
CN		NARI Technology Co Ltd SSE:600406	Add
CN	G	Goldwind Science & Technology Co Ltd XMUN:CXGH	Add
IN		ABB India Ltd NSE:ABB	Add
DK		Vestas Wind Systems A/S CSE:VWS	Add
CN		Shanghai Electric Group Co Ltd SSE:601727	Add
CN	H	Hangzhou Steam Turbine Co Ltd SZSE:200771	Add
KR		Hyundai Electric & Energy Systems Co Ltd KRX:267260	Add
IN		Suzlon Energy Ltd NSE:SUZLON	Add

MX	M	Mexico S&P/BMV IPC INDX:MXX	Add
PK	K	Karachi 100 INDX:KSE100	Add
SA	T	Tadawul All Share INDX:TASI	Add
TH	S	SET Index INDX:SET	Add
ID	J	Jakarta Composite Index INDX:JKSE	Add
GR	A	Athens General Composite INDX:ATG	Add
BR	B	BOVESPA INDX:BVSP	Add
AR	S	S&P Merval INDX:MERV	Add
CZ	P	PX Prague Stock Index INDX:PX	Add
RU	M	MOEX Russia INDX:IMOEX	Add

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1513

vs

Taiwan Weighted Index

Stocks Performance
1513 vs Taiwan Weighted Index

Performance Gap
1513 vs Taiwan Weighted Index

Performance By Year
1513 vs Taiwan Weighted Index

Competitors Performance
Chung-Hsin Electric & Machinery Mfg Corp vs Peers

Chung-Hsin Electric & Machinery Mfg Corp
Glance View

Company

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1513 vs Taiwan Weighted Index

Stocks Performance 1513 vs Taiwan Weighted Index

Performance Gap 1513 vs Taiwan Weighted Index

Performance By Year 1513 vs Taiwan Weighted Index

Competitors Performance Chung-Hsin Electric & Machinery Mfg Corp vs Peers

Chung-Hsin Electric & Machinery Mfg Corp Glance View

Company

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Stocks

1513

vs

Taiwan Weighted Index

Stocks Performance
1513 vs Taiwan Weighted Index

Performance Gap
1513 vs Taiwan Weighted Index

Performance By Year
1513 vs Taiwan Weighted Index

Competitors Performance
Chung-Hsin Electric & Machinery Mfg Corp vs Peers

Chung-Hsin Electric & Machinery Mfg Corp
Glance View