Ubright Optronics (4933) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Ubright Optronics stock TWD 98.37, price TWD 44.00, upside +123.6%, quality 71 out of 100. Rating: strongly undervalued. 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 25.30 TWD – 86.20 TWD · fair‑value band 75.91 TWD – 123.64 TWD · the 44.00 TWD price screens below the 98.37 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
Follow Ubright Optronics in your weekly email
Every Wednesday you see whether Ubright Optronics is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Ubright Optronics Corporation engages in the manufacture and sale of optical films in Taiwan.
Show moreShow less
It offers prism, multi function, and quantum dot films for backlight displays; polarizer protection and anti-glare films for LCD displays; 3D curve display protection films for OLED displays; anti-static protection, in process panel protection, hard coat, masking protection, and optical clear adhesive films for touch panels; anti-glare films for E paper products; and ceramic window films for windows, as well as optoelectronic and electronic application products, including backlight module brightness enhancement films, composite films, quantum dot films, LCD panel polarizer protective films, TAC anti-glare films, OLED and 3D display curved surface protective films, touch panel and electronic paper-specific protective films, and OCA. The company is also involved in wholesale of molds.
Ubright Optronics Corporation was founded in 2003 and is based in Taoyuan City, Taiwan. Ubright Optronics Corporation operates as a subsidiary of Shinkong Synthetic Fibers Corporation.
Stock analysis
Ubright Optronics (4933) currently trades at 44.00 TWD, while our model-based Fair Value estimate is 98.37 TWD, implying the stock looks roughly 55% undervalued today.
Show more
Valuation
Bull case: the Multiples group reads highest at a median of 121.57 TWD per share, and 22 of the 24 models we run sit above the 44.00 TWD price.
Bear case: the Asset-Based group reads lowest at 31.62 TWD, and 2 of the 24 models stay below the price. Data coverage for this calculation is high.
Scenario range: 75.91 TWD (bear) to 123.64 TWD (bull), the price of 44.00 TWD sits below 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 71/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Ubright Optronics reported revenue of 3.0B TWD in FY2025 versus 3.0B TWD in FY2021, a compound +0.4%/yr. Reported net income was 473M TWD in FY2025, compounding +12.8%/yr from FY2021.
Key figures
Market cap 3.6B TWD (≈ $111M) Micro · P/E ratio 6.1 · P/S ratio 1.26 · EPS (TTM) 7.22 TWD · Dividend yield 6.6% · Net margin 20.6% · Return on equity 16.5% · Return on assets (EBIT) 9.1% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 66 out of 100 (low confidence).
What moves the price
The share trades about 44% below its 52-week high and at 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 124%, 4933 screens cheaper than that median.
Fair Value models
Bear75.91 TWDFair Value 98.37 TWDBull123.64 TWD
Price 44.00 TWD · Upside +123.6%
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 (3.72 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.72/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+2.4%
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.
+9.5%
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.
+2.0%
Start year 2020 (pandemic). Over 10 years: −2.9% a year
Revenue growth 16 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.
+2.7%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
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. Basis: EBIT basis. 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.
+21.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+14.8%
Dividend (yield on the price)6.6%
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.base effect: 18.0% / 10.0%
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.9% → 17%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 2.1%/yr over ~10Y (margins intact) ⓘ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
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).
−30.1%
The company could shrink this much every year for the next five years and today's price would still be justified.
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 −31.2% a year for the price.
Price, fair value, quality and upside side by side.
Free, no sign-up
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 12/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score71 · Top 25%
Fair Value upside+123.6% · Top 25%
Profitability
Return on equity (12 months)16.5% · Top 25%
Return on assets9.9% · Top 25%
Net margin (12 months)20.6% · Top 25%
Operating margin (12 months)14.6% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−12.7% · Bottom 25%
Dividend yield (12 months)6.6% · Top 25%
Valuation Multiplesvs Electronic Components 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). "Ubright Optronics Fair Value". https://www.fairvalue-calculator.com/stock/4933
Frequently asked questions
Is Ubright Optronics (4933) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 98.37 TWD versus a price of 44.00 TWD, about +124% upside (undervalued).
What is the fair value of 4933?
Our model-based fair value for Ubright Optronics is 98.37 TWD (as of Nov 8, 2026), built from audited fundamentals. The current price: 44.00 TWD.
What is the quality score of 4933?
Ubright Optronics has a Quality Score of 71/100. 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 Ubright Optronics (4933)?
Our model-based price target is the fair value of 98.37 TWD (as of Nov 8, 2026) from 24 valuation models. Cautious scenario 75.91 TWD, optimistic scenario 123.64 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Ubright Optronics stock forecast for 2026?
Our models put fair value at 98.37 TWD, about +124% upside versus a price of 44.00 TWD (undervalued). Cautious scenario 75.91 TWD, optimistic scenario 123.64 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Ubright Optronics (4933)?
Ubright Optronics reported trailing-twelve-month revenue of about 2.9B TWD (latest available figure, as of Nov 8, 2026).
Does Ubright Optronics pay a dividend?
Ubright Optronics currently shows a dividend yield of 6.56% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Ubright Optronics (4933) and when is the ex-dividend date?
Ubright Optronics pays a dividend of 2.89 TWD per share a year, a dividend yield of 6.6%. The last ex-dividend date was Jul 23, 2026. A dividend has been paid every year since at least 2012. The payout ratio is 40.0% of earnings. Free cash flow covers the dividend 2.11 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 Ubright Optronics (4933)?
For today's price to be fair in a discounted-cash-flow model, Ubright Optronics would have to grow free cash flow by -30.1 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +2.0 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of 4933 use?
Our models discount Ubright Optronics at 11.8 %: a base by market capitalisation (micro), damped by beta 0.39, 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 Ubright Optronics that is -30.1 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Ubright Optronics (4933) delivered so far?
Over the past 5 years revenue at Ubright Optronics grew +2.0 % a year. The price currently implies free-cash-flow growth of -30.1 % 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 Ubright Optronics (4933) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Ubright Optronics (-30.1 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Ubright Optronics (4933)?
The free-cash-flow yield on the price is 13.92 %: that much free cash flow Ubright Optronics produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Ubright Optronics (4933)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ubright Optronics it is 98.37 TWD per share (as of Nov 8, 2026), against a price of 44.00 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 Ubright Optronics stock overvalued or undervalued in 2026?
As of Nov 8, 2026, 4933 trades below its calculated fair value: price 44.00 TWD, fair value 98.37 TWD, a gap of about +124% (undervalued). 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 4933?
No. The price is what the market pays today (44.00 TWD); the fair value is what the company's own numbers justify (98.37 TWD). For Ubright Optronics the two are 54.37 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Ubright Optronics worth?
The market values Ubright Optronics at about 3.6B TWD (market capitalisation, as of Nov 8, 2026). Per share that is 44.00 TWD; our models calculate a fair value of 98.37 TWD per share.
What do the bullish and bearish scenarios say about 4933?
Our models span a range for Ubright Optronics: cautious scenario 75.91 TWD, base 98.37 TWD, optimistic 123.64 TWD per share (as of Nov 8, 2026, price 44.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 4933?
Ubright Optronics trades at a price-to-earnings ratio of 6.1 (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 98.37 TWD is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 11.1. Other multiples: P/B 1.0, P/S 1.3, EV/EBITDA 4.4.
How solid is the balance sheet of Ubright Optronics (4933)?
Balance-sheet figures for Ubright Optronics (as of Nov 8, 2026): return on equity 16.5%. They feed the Quality Score of 71/100, which measures business quality independently of the share price.
How far is 4933 from its 52-week high?
Ubright Optronics trades at 44.00 TWD, about 44% below its 52-week high of 77.90 TWD and at the low of 44.00 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 98.37 TWD is for.
Which stocks are comparable to Ubright Optronics?
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 Ubright Optronics stock attractive at the current price?
The data as of Nov 8, 2026: price 44.00 TWD, calculated fair value 98.37 TWD (+124%), Quality Score 71/100, 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 4933 calculated?
We run Ubright Optronics 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 98.37 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. Ubright Optronics currently trades 55% below its own fair value, and the market average says nothing about that. 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 Ubright Optronics (4933)?
The closing price on Nov 6, 2026 was 44.00 TWD. Our model-based fair value is 98.37 TWD, about +124% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ubright Optronics right now?
The price is below even our cautious bear case (75.91 TWD). The market is more pessimistic than our downside scenario. Solid quality (71/100) at a price below fair value, the discount is the argument here, not the business quality.
Where does the earnings growth of Ubright Optronics (4933) come from?
Earnings per share at Ubright Optronics grew −3.4 % a year from 2012 to 2023. Broken into its drivers: revenue per share −4.1 %, EBIT margin +0.8 %, tax rate +0.3 %, residual (interest, one-offs) −0.4 %. 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 Ubright Optronics
How large is the market capitalisation of Ubright Optronics (4933)?
The market capitalisation of Ubright Optronics is 3.6B TWD (≈ $111M). 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 Ubright Optronics (4933)?
The price-to-sales ratio of Ubright Optronics is 1.26 (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 Ubright Optronics (4933)?
Earnings per share at Ubright Optronics are 7.22 TWD (price ÷ EPS = P/E 6.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Ubright Optronics (4933)?
The dividend yield of Ubright Optronics is 6.6% (payout 40.0%). 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 Ubright Optronics (4933)?
The net margin of Ubright Optronics is 20.6% (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 Ubright Optronics (4933)?
The return on equity (ROE) of Ubright Optronics is 16.5% (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 Ubright Optronics (4933)?
On an EBIT basis the return on assets of Ubright Optronics is 9.1% (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 Ubright Optronics (4933)?
The operating margin of Ubright Optronics is 14.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ubright Optronics (4933)?
Revenue at Ubright Optronics is growing −12.7% versus a year earlier (3y avg +9.5%). 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 Ubright Optronics (4933)?
Earnings per share at Ubright Optronics are growing −16.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Ubright Optronics (4933) hold?
Ubright Optronics holds more cash than debt, 1.6B TWD net (fiscal year 2023). The company holds more cash than debt, a safety cushion.
Free · no account needed
Watch Ubright Optronics in the live analysis
One click puts Ubright Optronics on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Broad data
Nov 8, 2026