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Ado Optronics (3516) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Ado Optronics stock TWD 5.77, price TWD 22.00, that is 73.8% below the price, quality 37 out of 100. Rating: strongly overvalued. Calculated from audited financials with 12 of our 26 valuation models and 37 quality factors, updated daily.

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Consumer Cyclical TW · ISIN TW0003516001

AO Ado Optronics logo Thin data Nov 9, 2026

Ado Optronics

3516 · TWO
Very expensive, weak quality

Our calculation puts a fair price 74% below what the stock costs today.

Low debt
Last quarter vs. a year ago: revenue +24%, profit +28%.
Expensive Growth (revenue 5y +8.4 %/yr in TWD)
Thin margins · 3.5% net margin (TTM)
0.9% dividend yield · Token dividend
Fair value 5.77 TWD · Strongly overvalued
Quality 37/100
Negative free cash flow
Trails peers (4/13)
Narrow moat 28/100
Thin data
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What runs behind every stock

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

Price vs Fair Value

33.70 TWD 14.16 TWD Fair Value 5.77 TWD Jun 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 9, 2026.

How to read this chart

60‑month range 14.16 TWD – 33.70 TWD · fair‑value band 4.33 TWD – 7.22 TWD · the 22.00 TWD price screens above the 5.77 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.

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Company profile

ADO Optronics Corporation engages in the manufacturing, processing, and trading of various connectors, plugs, electronic components, and lighting products. It operates through Lighting Source and Connecting Cable Operation; Energy Generation Operation; and Plastic Injection (PR) Operation segments.

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The company assembles and sells lighting sources and connecting cables. It also produces and manufactures in-mold decorative inlay injection products. In addition, the company engages in the production and sales of renewable energy self-use power generation and thermal energy supply.

ADO Optronics Corporation was founded in 1991 and is based in Taoyuan City, Taiwan.

Stock analysis

Ado Optronics (3516) currently trades at 22.00 TWD, while our model-based Fair Value estimate is 5.77 TWD, 74% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Economic Profit group reads highest at a median of 16.29 TWD per share, and 1 of the 12 models we run sit above the 22.00 TWD price.

Bear case: the Earnings-Based group reads lowest at 1.75 TWD, and 11 of the 12 models stay below the price. Data coverage for this calculation is low.

Scenario range: 4.33 TWD (bear) to 7.22 TWD (bull), the price of 22.00 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 37/100 (below-average quality), in the Consumer Cyclical sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

Ado Optronics reported revenue of 1.0B TWD in FY2025 versus 1.1B TWD in FY2021, a compound −0.7%/yr. Reported net income was 16.4M TWD in FY2025, compounding −21.7%/yr from FY2021.

Key figures

Market cap 1.3B TWD (≈ $40.5M) Micro · P/E ratio 37.3 · P/S ratio 1.13 · EPS (TTM) 0.5900 TWD · Dividend yield 0.9% · Net margin 3.5% · Return on equity 2.9% · Return on assets (EBIT) 1.0% (5-year average).

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 28 out of 100 (medium confidence).

What moves the price

The share trades about 25% below its 52-week high and 24% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Consumer Cyclical peers we cover trades at −24% fair-value upside, at −74%, 3516 screens richer than that median.

Fair Value models

The price assumes far more growth than our models allow for, so the models scatter widely (0.3300 TWD to 114.40 TWD). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear 4.33 TWD Fair Value 5.77 TWD Bull 7.22 TWD
Price 22.00 TWD · Downside -73.8%
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 (0.3344 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.
Best data coverage
Residual Income 15.79 TWD 16.29 TWD 17.43 TWD 76
Growth-Adj P/E 3.56 TWD 5.08 TWD 6.60 TWD 67
Gordon GGM 1.20 TWD 2.49 TWD 3.95 TWD 66
All 12 models by family
Earnings-Based
Graham-Dodd 1.87 TWD 5.70 TWD 7.56 TWD 65
Lynch FV 1.22 TWD 1.75 TWD 2.27 TWD 61
PEG = 1.0 1.22 TWD 1.75 TWD 2.27 TWD 57
Dividend Discount
Gordon GGM 1.20 TWD 2.49 TWD 3.95 TWD 66
DDM Multi-Stage 1.20 TWD 1.97 TWD 2.62 TWD 66
Multiples
P/E Multiple 4.33 TWD 5.77 TWD 7.22 TWD 63
P/S Multiple 3.51 TWD 4.67 TWD 5.84 TWD 57
P/B Multiple 85.80 TWD 114.40 TWD 143.00 TWD 55
EV/EBITDA n/a 0.3300 TWD >1.32 TWD 62
Asset-Based
NCAV (Graham) 5.23 TWD 7.92 TWD 9.90 TWD 54
Economic Profit
Residual Income 15.79 TWD 16.29 TWD 17.43 TWD 76
Growth Earnings
Growth-Adj P/E 3.56 TWD 5.08 TWD 6.60 TWD 67

Open the full fair value analysis →

Quality Score breakdown

Overall quality 37/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 17
How much profit the company makes from its sales and capital
Quality Growth 29
Are margins and returns getting better?
Cashflow 32
Do the profits arrive as real cash?
Financial strength 47
Debt, balance sheet and risk of trouble
Investment 50
Does it invest with discipline instead of growing at any price?
Low Volatility 76
How calm the share price moves, does not count
Price momentum 46
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 40
Distance to the 52-week high, does not count
New shares 61
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 33/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
−14.0%
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.
+2.9%
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.
+8.4%
Start year 2020 (pandemic)
Revenue growth 8 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.
+4.5%
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.
−3.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−4.0%
Dividend (yield on the price)0.9%
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.3% → −5%

3516 screens overvalued: fair value 74% below the price. Compare with Midea Group →

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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.Furnishings, Fixtures & Appliances · 297 stocks

Beats the industry median on 4/13 measures
Overall it trails its industry peers.
Valuation
Quality Score 37 · Bottom 25%
Fair Value upside −73.8% · Bottom 25%
Profitability
Return on equity (12 months) 2.9% · Below median
Return on assets 0.6% · Below median
Net margin (12 months) 3.5% · Above median
Operating margin (12 months) 9.1% · Above median
Growth and dividend
Revenue growth (quarter YoY) 23.9% · Top 25%
Dividend yield (12 months) 0.9% · Bottom 25%
Balance sheet
Debt / equity 0.50× · Highest 25%

Valuation Multiplesvs Furnishings, Fixtures & Appliances median · lower = cheaper

P/E (12 months) 37.3× · Priciest 25%
P/B 0.88× · Cheaper than median
P/S (12 months) 1.13× · Pricier than median
EV/EBITDA 20.1× · Priciest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 28
FUTURE (revenue growth)100 · sector 7
PAST (return on equity)11 · sector 19
HEALTH (low debt)75 · sector 98
DIVIDEND (yield)18 · sector 61

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

Context: sector, industry, market

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

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COWAY Co 021240 107,600 KRW 76,574 KRW −29% vs 3516
King Slide Works Co 2059 8,010 TWD 4,427 TWD −45% vs 3516
SharkNinja, Inc SN $222.95 $101.56 −54% vs 3516
Somnigroup International Inc SGI $64.17 $29.05 −55% vs 3516
Guangdong Songfa Ceramics Co 603268 ¥149.45 ¥31.45 −79% vs 3516

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Ado Optronics: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Ado Optronics Fair Value". https://www.fairvalue-calculator.com/stock/3516

Frequently asked questions

Is Ado Optronics (3516) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 5.77 TWD versus a price of 22.00 TWD, about 74% lower (overvalued).
What is the fair value of 3516?
Our model-based fair value for Ado Optronics is 5.77 TWD (as of Nov 9, 2026), built from audited fundamentals. The current price: 22.00 TWD.
What is the quality score of 3516?
Ado Optronics has a Quality Score of 37/100. 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 Ado Optronics (3516)?
Our model-based price target is the fair value of 5.77 TWD (as of Nov 9, 2026) from 12 valuation models. Cautious scenario 4.33 TWD, optimistic scenario 7.22 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Ado Optronics stock forecast for 2026?
Our models put fair value at 5.77 TWD, about 74% lower versus a price of 22.00 TWD (overvalued). Cautious scenario 4.33 TWD, optimistic scenario 7.22 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Ado Optronics (3516)?
Ado Optronics reported trailing-twelve-month revenue of about 1.2B TWD (latest available figure, as of Nov 9, 2026).
Does Ado Optronics pay a dividend?
Ado Optronics currently shows a dividend yield of 0.91% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Ado Optronics (3516) and when is the ex-dividend date?
Ado Optronics pays a dividend of 0.2 TWD per share a year, a dividend yield of 0.9%. The last ex-dividend date was Aug 6, 2026. A dividend has been paid every year since 2021. The payout ratio is 33.9% of earnings. Our assessment: Token dividend. At a yield of 0.9% the dividend is symbolic. On paper it is not fully covered by earnings or free cash flow, but at this size that hardly matters: even scrapping it entirely would cost less than 0.9% a year, and coverage ratios on amounts this small swing with ordinary working-capital movements. Judge this company on its business, not on its dividend.
What is the intrinsic value of Ado Optronics (3516)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ado Optronics it is 5.77 TWD per share (as of Nov 9, 2026), against a price of 22.00 TWD. It is the blended result of 12 valuation models in 6 families (Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings).
Is Ado Optronics stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 3516 trades above its calculated fair value: price 22.00 TWD, fair value 5.77 TWD, a gap of about −74% (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 3516?
No. The price is what the market pays today (22.00 TWD); the fair value is what the company's own numbers justify (5.77 TWD). For Ado Optronics the two are 16.23 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Ado Optronics worth?
The market values Ado Optronics at about 1.3B TWD (market capitalisation, as of Nov 9, 2026). Per share that is 22.00 TWD; our models calculate a fair value of 5.77 TWD per share.
What do the bullish and bearish scenarios say about 3516?
Our models span a range for Ado Optronics: cautious scenario 4.33 TWD, base 5.77 TWD, optimistic 7.22 TWD per share (as of Nov 9, 2026, price 22.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3516?
Ado Optronics trades at a price-to-earnings ratio of 37.3 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 5.77 TWD is built from several models across several years. Other multiples: P/B 0.9, P/S 1.1, EV/EBITDA 20.1.
How solid is the balance sheet of Ado Optronics (3516)?
Balance-sheet figures for Ado Optronics (as of Nov 9, 2026): return on equity 2.9%, debt of 0.50 per unit of equity. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
How far is 3516 from its 52-week high?
Ado Optronics trades at 22.00 TWD, about 25% below its 52-week high of 29.30 TWD and 24% above the low of 17.80 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 5.77 TWD is for.
Which stocks are comparable to Ado Optronics?
From the same area (Consumer Cyclical) we also value Midea Group, Gree Electric Appliances, Inc, SharkNinja, Inc, Haier Smart Home Co, 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 Ado Optronics stock attractive at the current price?
The data as of Nov 9, 2026: price 22.00 TWD, calculated fair value 5.77 TWD (−74%), Quality Score 37/100, from 12 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 3516 calculated?
We run Ado Optronics through 12 models from 6 families: Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 5.77 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 13.3% above its aggregate fair value. Ado Optronics 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 Ado Optronics (3516)?
The closing price on Nov 6, 2026 was 22.00 TWD. Our model-based fair value is 5.77 TWD, about 74% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ado Optronics right now?
The price sits above even our optimistic bull case (7.22 TWD). The favourable scenario is already priced in. Weak quality (37/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.

Key figures of Ado Optronics

How large is the market capitalisation of Ado Optronics (3516)?
The market capitalisation of Ado Optronics is 1.3B TWD (≈ $40.5M). 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 Ado Optronics (3516)?
The price-to-sales ratio of Ado Optronics is 1.13 (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 Ado Optronics (3516)?
Earnings per share at Ado Optronics are 0.5900 TWD (price ÷ EPS = P/E 37.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Ado Optronics (3516)?
The dividend yield of Ado Optronics is 0.9% (payout 33.9%). 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 Ado Optronics (3516)?
The net margin of Ado Optronics is 3.5% (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 Ado Optronics (3516)?
The return on equity (ROE) of Ado Optronics is 2.9% (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 Ado Optronics (3516)?
On an EBIT basis the return on assets of Ado Optronics is 1.0% (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 Ado Optronics (3516)?
The operating margin of Ado Optronics is 9.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ado Optronics (3516)?
Revenue at Ado Optronics is growing +23.9% versus a year earlier (3y avg +2.9%). 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 Ado Optronics (3516)?
Earnings per share at Ado Optronics are growing +28.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Ado Optronics (3516) generate?
The free cash flow of Ado Optronics is −427M TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Ado Optronics (3516) carry?
The net debt of Ado Optronics is 579M TWD (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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