Lelon Electronics Corp (2472) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Lelon Electronics Corp stock TWD 135, price TWD 151, that is 10.5% below the price, quality 66 out of 100. Rating: overvalued. Calculated from audited financials with 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 6, 2026.
How to read this chart
60‑month range 37.26 TWD – 446.72 TWD · fair‑value band 87.58 TWD – 198.96 TWD · the 150.50 TWD price screens above the 134.77 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Lelon Electronics Corp., together with its subsidiaries, develops, manufactures, markets, trades in, and sells electrolytic capacitors internationally.
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Its electrolytic capacitors include aluminum electrolytic capacitors, such as radial type, SMD, snap-in terminal, screw terminal, and axial; organic conductive polymer capacitors; conductive polymer hybrid capacitors; and flame retardants.
The company produces and sells formed aluminum foils and automatic manufacturing equipment. Its products are used in various applications, including automotive electronics, telecommunication, cloud computing, and power electronics.
The company was incorporated in 1976 and is headquartered in Taichung, Taiwan.
Stock analysis
Lelon Electronics Corp (2472) currently trades at 150.50 TWD, while our model-based Fair Value estimate is 134.77 TWD, 10% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 212.97 TWD per share, and 7 of the 26 models we run sit above the 150.50 TWD price.
Bear case: the Dividend Discount group reads lowest at 21.78 TWD, and 19 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 87.58 TWD (bear) to 198.96 TWD (bull), the price of 150.50 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 66/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Lelon Electronics Corp reported revenue of 11.3B TWD in FY2025 versus 10.0B TWD in FY2021, a compound +3.2%/yr. Reported net income was 1.4B TWD in FY2025, compounding −0.6%/yr from FY2021.
Key figures
Market cap 23.9B TWD (≈ $729M) Small · P/E ratio 15.4 · P/S ratio 1.94 · EPS (TTM) 9.79 TWD · Dividend yield 2.3% · Net margin 13.1% · Return on equity 17.3% · Return on assets (EBIT) 12.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 63 out of 100 (low confidence).
What moves the price
The share trades about 66% below its 52-week high and 58% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −7% fair-value upside, at −10%, 2472 screens richer than that median.
Fair Value models
Bear87.58 TWDFair Value 134.77 TWDBull198.96 TWD
Price 150.50 TWD · Downside -10.5%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (5.38 TWD per share) are deliberately not added.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.85/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+7.7%
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.
+3.0%
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.
+7.6%
Start year 2020 (pandemic). Over 10 years: +6.9% 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.
+7.1%
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What shareholders gained per year (last 5 years), in TWD ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. 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.
+6.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+4.5%
Dividend (yield on the price)2.3%
Pace: 5 vs 10 years ⓘ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.4.5% vs 10.2%, slowing
Profit margin 2020 to 2025 ⓘ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.16% → 20%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+16.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +14.5% a year for the price.
Price, fair value, quality and upside side by side.
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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.Electronic Components · 651 stocks
Beats the industry median on 13/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score66 · Top 25%
Fair Value upside−10.5% · Above median
Profitability
Return on equity (12 months)17.3% · Top 25%
Return on assets7.9% · Top 25%
Net margin (12 months)13.1% · Top 25%
Operating margin (12 months)21.7% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)26.4% · Above median
Dividend yield (12 months)2.3% · Above median
Balance sheet
Debt / equity0.03× · Below median
Valuation Multiplesvs Electronic Components median · lower = cheaper
P/E (12 months)15.4× · Cheapest 25%
P/B2.63× · Pricier than median
P/S (12 months)1.94× · Cheaper than median
Price / free cash flow (fiscal year)19.8× · Cheaper than median
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Is Lelon Electronics Corp (2472) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 134.77 TWD versus a price of 150.50 TWD, about 10% lower (overvalued).
What is the fair value of 2472?
Our model-based fair value for Lelon Electronics Corp is 134.77 TWD (as of Nov 6, 2026), built from audited fundamentals. The current price: 150.50 TWD.
What is the quality score of 2472?
Lelon Electronics Corp has a Quality Score of 66/100. 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 Lelon Electronics Corp (2472)?
Our model-based price target is the fair value of 134.77 TWD (as of Nov 6, 2026) from 26 valuation models. Cautious scenario 87.58 TWD, optimistic scenario 198.96 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Lelon Electronics Corp stock forecast for 2026?
Our models put fair value at 134.77 TWD, about 10% lower versus a price of 150.50 TWD (overvalued). Cautious scenario 87.58 TWD, optimistic scenario 198.96 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Lelon Electronics Corp (2472)?
Lelon Electronics Corp reported trailing-twelve-month revenue of about 12.3B TWD (latest available figure, as of Nov 6, 2026).
Does Lelon Electronics Corp pay a dividend?
Lelon Electronics Corp currently shows a dividend yield of 2.33% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Lelon Electronics Corp (2472) and when is the ex-dividend date?
Lelon Electronics Corp pays a dividend of 3.50 TWD per share a year, a dividend yield of 2.3%. The last ex-dividend date was Aug 20, 2026. A dividend has been paid every year since 2011. The payout ratio is 42.6% of earnings (on adjusted earnings, reported 35.8%). Free cash flow covers the dividend 2.10 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Lelon Electronics Corp (2472)?
For today's price to be fair in a discounted-cash-flow model, Lelon Electronics Corp would have to grow free cash flow by +16.3 % per year for five years (discount rate 13.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.6 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of 2472 use?
Our models discount Lelon Electronics Corp at 13.9 %: a base by market capitalisation (small), damped by beta 1.70, 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 Lelon Electronics Corp that is +16.3 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.9 %) and the same formula as our fair value.
How much growth has Lelon Electronics Corp (2472) delivered so far?
Over the past 5 years revenue at Lelon Electronics Corp grew +7.6 % a year. The price currently implies free-cash-flow growth of +16.3 % 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 Lelon Electronics Corp (2472) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Lelon Electronics Corp (+16.3 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Lelon Electronics Corp (2472)?
The free-cash-flow yield on the price is 4.88 %: that much free cash flow Lelon Electronics Corp produces per unit of market value. When it exceeds the discount rate of our models (13.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Lelon Electronics Corp (2472)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Lelon Electronics Corp it is 134.77 TWD per share (as of Nov 6, 2026), against a price of 150.50 TWD. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Lelon Electronics Corp stock overvalued or undervalued in 2026?
As of Nov 6, 2026, 2472 trades above its calculated fair value: price 150.50 TWD, fair value 134.77 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 2472?
No. The price is what the market pays today (150.50 TWD); the fair value is what the company's own numbers justify (134.77 TWD). For Lelon Electronics Corp the two are 15.73 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Lelon Electronics Corp worth?
The market values Lelon Electronics Corp at about 23.9B TWD (market capitalisation, as of Nov 6, 2026). Per share that is 150.50 TWD; our models calculate a fair value of 134.77 TWD per share.
What do the bullish and bearish scenarios say about 2472?
Our models span a range for Lelon Electronics Corp: cautious scenario 87.58 TWD, base 134.77 TWD, optimistic 198.96 TWD per share (as of Nov 6, 2026, price 150.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2472?
Lelon Electronics Corp trades at a price-to-earnings ratio of 15.4 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 134.77 TWD is built from several models across several years. Excluding one-off items of fiscal year 2025 it is 20.6 (reported for FY2025: 17.3). Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 11.1. Other multiples: P/B 2.6, P/S 1.9, EV/EBITDA 6.3.
How solid is the balance sheet of Lelon Electronics Corp (2472)?
Balance-sheet figures for Lelon Electronics Corp (as of Nov 6, 2026): return on equity 17.3%, debt of 0.03 per unit of equity. They feed the Quality Score of 66/100, which measures business quality independently of the share price.
How far is 2472 from its 52-week high?
Lelon Electronics Corp trades at 150.50 TWD, about 66% below its 52-week high of 446.72 TWD and 58% above the low of 95.25 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 134.77 TWD is for.
Which stocks are comparable to Lelon Electronics Corp?
From the same area (Technology) we also value Amphenol Corporation, Hon Hai Precision Industry Co, Corning Incorporated, Delta 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 Lelon Electronics Corp stock attractive at the current price?
The data as of Nov 6, 2026: price 150.50 TWD, calculated fair value 134.77 TWD (−10%), Quality Score 66/100, 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 2472 calculated?
We run Lelon Electronics Corp through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 134.77 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 13.0% above its aggregate fair value. Lelon Electronics Corp 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 Lelon Electronics Corp (2472)?
The closing price on Nov 6, 2026 was 150.50 TWD. Our model-based fair value is 134.77 TWD, about 10% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Lelon Electronics Corp right now?
A fairly wide model range (87.58 TWD to 198.96 TWD) leaves room in how you read the outcome. The price sits in the upper half of our model range, so the margin of safety is thin. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of Lelon Electronics Corp (2472) come from?
Earnings per share at Lelon Electronics Corp grew +9.2 % a year from 2014 to 2025. Broken into its drivers: revenue per share +4.6 %, EBIT margin +5.7 %, tax rate −0.7 %, residual (interest, one-offs) −0.6 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Lelon Electronics Corp
How large is the market capitalisation of Lelon Electronics Corp (2472)?
The market capitalisation of Lelon Electronics Corp is 23.9B TWD (≈ $729M). 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 Lelon Electronics Corp (2472)?
The price-to-sales ratio of Lelon Electronics Corp is 1.94 (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 Lelon Electronics Corp (2472)?
Earnings per share at Lelon Electronics Corp are 9.79 TWD (price ÷ EPS = P/E 15.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Lelon Electronics Corp (2472)?
The dividend yield of Lelon Electronics Corp is 2.3% (payout 42.6%, on adjusted earnings, reported 35.8%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Lelon Electronics Corp (2472)?
The net margin of Lelon Electronics Corp is 13.1% (last twelve months), excl. one-off gain FY2025 10.7%. 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 Lelon Electronics Corp (2472)?
The return on equity (ROE) of Lelon Electronics Corp is 17.3% (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 Lelon Electronics Corp (2472)?
On an EBIT basis the return on assets of Lelon Electronics Corp is 12.8% (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 Lelon Electronics Corp (2472)?
The operating margin of Lelon Electronics Corp is 21.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Lelon Electronics Corp (2472)?
Revenue at Lelon Electronics Corp is growing +26.4% versus a year earlier (3y avg +3.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Lelon Electronics Corp (2472)?
Earnings per share at Lelon Electronics Corp are growing +95.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Lelon Electronics Corp (2472) hold?
Lelon Electronics Corp holds more cash than debt, 2.3B TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 6, 2026