Lung Hwa Electronics Co Ltd (2424) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Lung Hwa Electronics Co Ltd stock TWD 10.63, price TWD 11.80, that is 9.9% below the price, quality 60 out of 100. Rating: overvalued. Calculated from audited financials with 8 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 4, 2026.
How to read this chart
60‑month range 7.65 TWD – 106.00 TWD · fair‑value band 6.32 TWD – 13.13 TWD · the 11.80 TWD price screens above the 10.63 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 4, 2026.
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Lung Hwa Electronics Co., Ltd. provides maritime SAT communication network, CCTV IoT, and cyber security solutions in Taiwan and internationally.
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It offers maritime networking architect products; maritime antennas; and L-band iridium maritime antennas, as well as VHSAT flat portable terminals for emergency services, disaster recovery, military, security, government, and enterprise communication applications.
The company also develops cloud base solutions and application platforms to provide platform-as-a services. It serves general cargo, oil carrier and cargo, fishery, and Ro-Ro passenger vessels and yachts, and oil and gas platforms.
Lung Hwa Electronics Co., Ltd. was founded in 1962 and is based in Taipei, Taiwan.
Stock analysis
Lung Hwa Electronics Co Ltd (2424) currently trades at 11.80 TWD, while our model-based Fair Value estimate is 10.63 TWD, 10% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 11.05 TWD per share, and 2 of the 8 models we run sit above the 11.80 TWD price.
Bear case: the Multiples group reads lowest at 3.57 TWD, and 6 of the 8 models stay below the price. Data coverage for this calculation is low.
Scenario range: 6.32 TWD (bear) to 13.13 TWD (bull), the price of 11.80 TWD sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 60/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Lung Hwa Electronics Co Ltd reported revenue of 188M TWD in FY2025 versus 13.1M TWD in FY2021, a compound +94.5%/yr. Reported net income was −78.1M TWD in FY2025.
Key figures
Market cap 699M TWD (≈ $21.3M) Micro · P/S ratio 4.36 · EPS (TTM) −1.63 TWD · Net margin −56.1% · Return on equity −34.3% · Return on assets (EBIT) −31.7% (5-year average) · Operating margin −48.1% · Revenue (TTM) 172M TWD.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 16 out of 100 (medium confidence).
What moves the price
The share trades about 73% below its 52-week high and 54% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at 5% fair-value upside, at −10%, 2424 screens richer than that median.
Fair Value models
Bear6.32 TWDFair Value 10.63 TWDBull13.13 TWD
Price 11.80 TWD · Downside -9.9%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.59/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+34.0%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+33.2%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+59.9%
Start year 2020 (pandemic). Over 10 years: +45.3% a year
Revenue growth 23 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
−8.8%
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Profit margin (trend) ⓘ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.
−911.5% (2020) → −59.0% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+18.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +16.6% a year for the price.
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Peer Groupⓘ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.Consumer Electronics · 114 stocks
Beats the industry median on 4/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score60 · Top 25%
Fair Value upside−9.9% · Above median
Profitability
Return on assets−15.8% · Bottom 25%
Net margin (12 months)−56.1% · Bottom 25%
Operating margin (12 months)−48.1% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)32.5% · Top 25%
Balance sheet
Debt / equity0.04× · Below median
Valuation Multiplesvs Consumer Electronics median · lower = cheaper
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). "Lung Hwa Electronics Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2424
Frequently asked questions
Is Lung Hwa Electronics Co Ltd (2424) overvalued or undervalued?
As of Nov 4, 2026, our model estimates a fair value of 10.63 TWD versus a price of 11.80 TWD, about 10% lower (overvalued).
What is the fair value of 2424?
Our model-based fair value for Lung Hwa Electronics Co Ltd is 10.63 TWD (as of Nov 4, 2026), built from audited fundamentals. The current price: 11.80 TWD.
What is the quality score of 2424?
Lung Hwa Electronics Co Ltd has a Quality Score of 60/100. 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 Lung Hwa Electronics Co Ltd (2424)?
Our model-based price target is the fair value of 10.63 TWD (as of Nov 4, 2026) from 8 valuation models. Cautious scenario 6.32 TWD, optimistic scenario 13.13 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Lung Hwa Electronics Co Ltd stock forecast for 2026?
Our models put fair value at 10.63 TWD, about 10% lower versus a price of 11.80 TWD (overvalued). Cautious scenario 6.32 TWD, optimistic scenario 13.13 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Lung Hwa Electronics Co Ltd (2424)?
Lung Hwa Electronics Co Ltd reported trailing-twelve-month revenue of about 172M TWD (latest available figure, as of Nov 4, 2026).
What growth is priced into Lung Hwa Electronics Co Ltd (2424)?
For today's price to be fair in a discounted-cash-flow model, Lung Hwa Electronics Co Ltd would have to grow free cash flow by +18.4 % per year for five years (discount rate 9.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +59.9 % per year. Calculated on free cash flow for fiscal year 2025. Over the last twelve months it was negative, so the figure above is uncertain. As of Nov 4, 2026.
What discount rate (WACC) does the fair value of 2424 use?
Our models discount Lung Hwa Electronics Co Ltd at 9.0 %: a base by market capitalisation (nano), damped by beta 0.15, country premium for Taiwan. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Lung Hwa Electronics Co Ltd that is +18.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.0 %) and the same formula as our fair value.
How much growth has Lung Hwa Electronics Co Ltd (2424) delivered so far?
Over the past 5 years revenue at Lung Hwa Electronics Co Ltd grew +59.9 % a year. The price currently implies free-cash-flow growth of +18.4 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Lung Hwa Electronics Co Ltd (2424) growing?
The median revenue growth in the sector is +4.7 % a year. That is the yardstick for the growth priced into Lung Hwa Electronics Co Ltd (+18.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Lung Hwa Electronics Co Ltd (2424)?
The free-cash-flow yield on the price is 2.28 % in the last fiscal year (free cash flow was negative over the last twelve months): that much free cash flow Lung Hwa Electronics Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (9.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Lung Hwa Electronics Co Ltd (2424)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Lung Hwa Electronics Co Ltd it is 10.63 TWD per share (as of Nov 4, 2026), against a price of 11.80 TWD. It is the blended result of 8 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is Lung Hwa Electronics Co Ltd stock overvalued or undervalued in 2026?
As of Nov 4, 2026, 2424 trades above its calculated fair value: price 11.80 TWD, fair value 10.63 TWD, a gap of about −10% (overvalued). 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 2424?
No. The price is what the market pays today (11.80 TWD); the fair value is what the company's own numbers justify (10.63 TWD). For Lung Hwa Electronics Co Ltd the two are 1.17 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Lung Hwa Electronics Co Ltd worth?
The market values Lung Hwa Electronics Co Ltd at about 699M TWD (market capitalisation, as of Nov 4, 2026). Per share that is 11.80 TWD; our models calculate a fair value of 10.63 TWD per share.
What do the bullish and bearish scenarios say about 2424?
Our models span a range for Lung Hwa Electronics Co Ltd: cautious scenario 6.32 TWD, base 10.63 TWD, optimistic 13.13 TWD per share (as of Nov 4, 2026, price 11.80 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Lung Hwa Electronics Co Ltd (2424)?
Balance-sheet figures for Lung Hwa Electronics Co Ltd (as of Nov 4, 2026): return on equity −34.3%, debt of 0.04 per unit of equity. They feed the Quality Score of 60/100, which measures business quality independently of the share price.
How far is 2424 from its 52-week high?
Lung Hwa Electronics Co Ltd trades at 11.80 TWD, about 73% below its 52-week high of 44.20 TWD and 54% above the low of 7.65 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 10.63 TWD is for.
Which stocks are comparable to Lung Hwa Electronics Co Ltd?
From the same area (Technology) we also value Samsung Electronics Co, Sony Group, Xiaomi Corporation, LG Electronics Inc, 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 Lung Hwa Electronics Co Ltd stock attractive at the current price?
The data as of Nov 4, 2026: price 11.80 TWD, calculated fair value 10.63 TWD (−10%), Quality Score 60/100, from 8 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 2424 calculated?
We run Lung Hwa Electronics Co Ltd through 8 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of 10.63 TWD builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Lung Hwa Electronics Co Ltd itself currently trades above fair value. 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 is it worth investing now.
What is the share price of Lung Hwa Electronics Co Ltd (2424)?
The closing price on Nov 9, 2026 was 11.80 TWD. Our model-based fair value is 10.63 TWD, about 10% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Lung Hwa Electronics Co Ltd right now?
A fairly wide model range (6.32 TWD to 13.13 TWD) leaves room in how you read the outcome. Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
Key figures of Lung Hwa Electronics Co Ltd
How large is the market capitalisation of Lung Hwa Electronics Co Ltd (2424)?
The market capitalisation of Lung Hwa Electronics Co Ltd is 699M TWD (≈ $21.3M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Lung Hwa Electronics Co Ltd (2424)?
The price-to-sales ratio of Lung Hwa Electronics Co Ltd is 4.36 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Lung Hwa Electronics Co Ltd (2424)?
Earnings per share at Lung Hwa Electronics Co Ltd are −1.63 TWD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Lung Hwa Electronics Co Ltd (2424)?
The net margin of Lung Hwa Electronics Co Ltd is −56.1% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Lung Hwa Electronics Co Ltd (2424)?
The return on equity (ROE) of Lung Hwa Electronics Co Ltd is −34.3% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Lung Hwa Electronics Co Ltd (2424)?
On an EBIT basis the return on assets of Lung Hwa Electronics Co Ltd is −31.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Lung Hwa Electronics Co Ltd (2424)?
The operating margin of Lung Hwa Electronics Co Ltd is −48.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Lung Hwa Electronics Co Ltd (2424)?
Revenue at Lung Hwa Electronics Co Ltd is growing +32.5% versus a year earlier (3y avg +33.2%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net cash does Lung Hwa Electronics Co Ltd (2424) hold?
Lung Hwa Electronics Co Ltd holds more cash than debt, 5.6M TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 4, 2026