Bright Led Electronics Corp (3031) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Bright Led Electronics Corp stock TWD 18.82, price TWD 30.45, that is 38.2% below the price, quality 72 out of 100. Rating: strongly overvalued. Calculated from audited financials with 24 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 8, 2026.
How to read this chart
60‑month range 13.23 TWD – 34.50 TWD · fair‑value band 14.29 TWD – 23.52 TWD · the 30.45 TWD price screens above the 18.82 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Bright LED Electronics Corp. manufactures and sells light-emitting diodes, indicator lights, displays, and other products in China, Taiwan, Korea, the United States, and internationally.
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The company offers PCBA products, such as motor, sensor, and LED light bar assemblies; LED components, including lamps, displays, SMD, PLCC, and infrared; and LED indoor, outdoor, and specialty lighting products.
It also engages in the producing and processing of LED die and artificial crystals; import and export business; and PCB processing activities. The company offers its products for applications in 3C industry, lighting market, automotive market, and other industries.
The company was founded in 1981 and is based in New Taipei City, Taiwan.
Stock analysis
Bright Led Electronics Corp (3031) currently trades at 30.45 TWD, while our model-based Fair Value estimate is 18.82 TWD, 38% 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 22.85 TWD per share, and 1 of the 24 models we run sit above the 30.45 TWD price.
Bear case: the Dividend Discount group reads lowest at 7.66 TWD, and 23 of the 24 models stay below the price. Data coverage for this calculation is low.
Scenario range: 14.29 TWD (bear) to 23.52 TWD (bull), the price of 30.45 TWD sits above 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 72/100 (solid quality), in the Technology sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Bright Led Electronics Corp reported revenue of 1.1B TWD in FY2025 versus 1.5B TWD in FY2021, a compound −7.1%/yr. Reported net income was 189M TWD in FY2025, compounding −6.7%/yr from FY2021.
Key figures
Market cap 5.2B TWD (≈ $158M) Micro · P/E ratio 33.1 · P/S ratio 4.14 · EPS (TTM) 0.9200 TWD · Dividend yield 3.3% · Net margin 12.7% · Return on equity 5.3% · Return on assets (EBIT) 4.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 47 out of 100 (low confidence).
What moves the price
The share trades about 12% below its 52-week high and 66% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −7% fair-value upside, at −38%, 3031 screens richer than that median.
Fair Value models
Bear14.29 TWDFair Value 18.82 TWDBull23.52 TWD
Price 30.45 TWD · Downside -38.2%
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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−3.0%
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.
−8.9%
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.
−3.7%
Start year 2020 (pandemic). Over 10 years: −5.7% 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.
−0.3%
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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.
+0.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−3.1%
Dividend (yield on the price)3.3%
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.−3.1% vs 4.8%, 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.14% → 8%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 6.2%/yr over ~10Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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).
+9.8%
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 +8.1% 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.Electronic Components · 653 stocks
Beats the industry median on 8/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score72 · Top 25%
Fair Value upside−38.2% · Below median
Profitability
Return on equity (12 months)5.3% · Below median
Return on assets5.3% · Above median
Net margin (12 months)12.7% · Top 25%
Operating margin (12 months)11.7% · Above median
Growth and dividend
Revenue growth (quarter YoY)25.3% · Above median
Dividend yield (12 months)3.3% · Top 25%
Valuation Multiplesvs Electronic Components median · lower = cheaper
P/E (12 months)33.1× · Pricier than median
P/B1.77× · Cheaper than median
P/S (12 months)4.14× · Priciest 25%
Price / free cash flow (fiscal year)17.6× · Cheaper than median
EV/EBITDA26.7× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)100· sector 70
PAST (return on equity)21· sector 28
HEALTH (low debt)100· sector 95
DIVIDEND (yield)66· sector 27
VALUE 0: the price sits above our fair-value range.
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). "Bright Led Electronics Corp Fair Value". https://www.fairvalue-calculator.com/stock/3031
Frequently asked questions
Is Bright Led Electronics Corp (3031) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 18.82 TWD versus a price of 30.45 TWD, about 38% lower (overvalued).
What is the fair value of 3031?
Our model-based fair value for Bright Led Electronics Corp is 18.82 TWD (as of Nov 8, 2026), built from audited fundamentals. The current price: 30.45 TWD.
What is the quality score of 3031?
Bright Led Electronics Corp has a Quality Score of 72/100. 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 Bright Led Electronics Corp (3031)?
Our model-based price target is the fair value of 18.82 TWD (as of Nov 8, 2026) from 24 valuation models. Cautious scenario 14.29 TWD, optimistic scenario 23.52 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Bright Led Electronics Corp stock forecast for 2026?
Our models put fair value at 18.82 TWD, about 38% lower versus a price of 30.45 TWD (overvalued). Cautious scenario 14.29 TWD, optimistic scenario 23.52 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Bright Led Electronics Corp (3031)?
Bright Led Electronics Corp reported trailing-twelve-month revenue of about 1.3B TWD (latest available figure, as of Nov 8, 2026).
Does Bright Led Electronics Corp pay a dividend?
Bright Led Electronics Corp currently shows a dividend yield of 3.28% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Bright Led Electronics Corp (3031) and when is the ex-dividend date?
Bright Led Electronics Corp pays a dividend of 1.00 TWD per share a year, a dividend yield of 3.3%. The last ex-dividend date was Jul 20, 2026. The payout ratio is 109% of earnings. Free cash flow covers the dividend 1.70 times. Our assessment: Sustainable. Payout and cash coverage both look sustainable.
What growth is priced into Bright Led Electronics Corp (3031)?
For today's price to be fair in a discounted-cash-flow model, Bright Led Electronics Corp would have to grow free cash flow by +9.8 % per year for five years (discount rate 12.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -3.7 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 3031 use?
Our models discount Bright Led Electronics Corp at 12.7 %: a base by market capitalisation (micro), damped by beta 0.81, 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 Bright Led Electronics Corp that is +9.8 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.7 %) and the same formula as our fair value.
How much growth has Bright Led Electronics Corp (3031) delivered so far?
Over the past 5 years revenue at Bright Led Electronics Corp grew -3.7 % a year. The price currently implies free-cash-flow growth of +9.8 % 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 Bright Led Electronics Corp (3031) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Bright Led Electronics Corp (+9.8 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Bright Led Electronics Corp (3031)?
The free-cash-flow yield on the price is 5.58 %: that much free cash flow Bright Led Electronics Corp produces per unit of market value. When it exceeds the discount rate of our models (12.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Bright Led Electronics Corp (3031)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Bright Led Electronics Corp it is 18.82 TWD per share (as of Nov 8, 2026), against a price of 30.45 TWD. It is the blended result of 24 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Bright Led Electronics Corp stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 3031 trades above its calculated fair value: price 30.45 TWD, fair value 18.82 TWD, a gap of about −38% (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 3031?
No. The price is what the market pays today (30.45 TWD); the fair value is what the company's own numbers justify (18.82 TWD). For Bright Led Electronics Corp the two are 11.63 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Bright Led Electronics Corp worth?
The market values Bright Led Electronics Corp at about 5.2B TWD (market capitalisation, as of Nov 8, 2026). Per share that is 30.45 TWD; our models calculate a fair value of 18.82 TWD per share.
What do the bullish and bearish scenarios say about 3031?
Our models span a range for Bright Led Electronics Corp: cautious scenario 14.29 TWD, base 18.82 TWD, optimistic 23.52 TWD per share (as of Nov 8, 2026, price 30.45 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3031?
Bright Led Electronics Corp trades at a price-to-earnings ratio of 33.1 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 18.82 TWD is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 17.9. Other multiples: P/B 1.8, P/S 4.1, EV/EBITDA 26.7.
How solid is the balance sheet of Bright Led Electronics Corp (3031)?
Balance-sheet figures for Bright Led Electronics Corp (as of Nov 8, 2026): return on equity 5.3%. They feed the Quality Score of 72/100, which measures business quality independently of the share price.
How far is 3031 from its 52-week high?
Bright Led Electronics Corp trades at 30.45 TWD, about 12% below its 52-week high of 34.50 TWD and 66% above the low of 18.35 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 18.82 TWD is for.
Which stocks are comparable to Bright Led 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 Bright Led Electronics Corp stock attractive at the current price?
The data as of Nov 8, 2026: price 30.45 TWD, calculated fair value 18.82 TWD (−38%), Quality Score 72/100, from 24 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 3031 calculated?
We run Bright Led Electronics Corp through 24 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 18.82 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. Bright Led 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 Bright Led Electronics Corp (3031)?
The closing price on Nov 9, 2026 was 30.45 TWD. Our model-based fair value is 18.82 TWD, about 38% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Bright Led Electronics Corp right now?
The price sits above even our optimistic bull case (23.52 TWD). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (72/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Bright Led Electronics Corp
How large is the market capitalisation of Bright Led Electronics Corp (3031)?
The market capitalisation of Bright Led Electronics Corp is 5.2B TWD (≈ $158M). 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 Bright Led Electronics Corp (3031)?
The price-to-sales ratio of Bright Led Electronics Corp is 4.14 (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 Bright Led Electronics Corp (3031)?
Earnings per share at Bright Led Electronics Corp are 0.9200 TWD (price ÷ EPS = P/E 33.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Bright Led Electronics Corp (3031)?
The dividend yield of Bright Led Electronics Corp is 3.3% (payout 109%). 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 Bright Led Electronics Corp (3031)?
The net margin of Bright Led Electronics Corp is 12.7% (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 Bright Led Electronics Corp (3031)?
The return on equity (ROE) of Bright Led Electronics Corp is 5.3% (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 Bright Led Electronics Corp (3031)?
On an EBIT basis the return on assets of Bright Led Electronics Corp is 4.4% (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 Bright Led Electronics Corp (3031)?
The operating margin of Bright Led Electronics Corp is 11.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Bright Led Electronics Corp (3031)?
Revenue at Bright Led Electronics Corp is growing +25.3% versus a year earlier (3y avg −8.9%). 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 Bright Led Electronics Corp (3031)?
Earnings per share at Bright Led Electronics Corp are growing −31.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Bright Led Electronics Corp (3031) hold?
Bright Led Electronics Corp holds more cash than debt, 778M TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 8, 2026