Ledlink Optics (5230) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Ledlink Optics stock TWD 11.77, price TWD 25.50, that is 53.8% below the price, quality 37 out of 100. Rating: strongly overvalued. Calculated from audited financials with 11 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 9, 2026.
How to read this chart
60‑month range 15.30 TWD – 43.80 TWD · fair‑value band 8.81 TWD – 16.59 TWD · the 25.50 TWD price screens above the 11.77 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Nov 9, 2026.
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Ledlink Optics, Inc. designs, manufactures, and sells optics for lighting companies and other LED manufacturers in Taiwan and internationally. The company offers socket, holder, connector, tape, waterproof gasket, diffusion sheet, and silicon related materials.
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It also provides lens comprising, dim-to-warm, single lens, COB, backlight, multi lens, anti-glare, V-CUT, hybrid, linear, and zoom lens. In addition, the company provides light manufacturing and optical related services.
Its products are used in architectural, landscape, commercial, industrial, street, color mixing, indoor, and industrial sectors. Ledlink Optics, Inc. was founded in 2008 and is based in New Taipei City, Taiwan.
Stock analysis
Ledlink Optics (5230) currently trades at 25.50 TWD, while our model-based Fair Value estimate is 11.77 TWD, 54% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 20.58 TWD per share, and 2 of the 11 models we run sit above the 25.50 TWD price.
Bear case: the Asset-Based group reads lowest at 1.71 TWD, and 9 of the 11 models stay below the price. Data coverage for this calculation is low.
Scenario range: 8.81 TWD (bear) to 16.59 TWD (bull), the price of 25.50 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 Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Ledlink Optics reported revenue of 1.3B TWD in FY2025 versus 1.2B TWD in FY2021, a compound +3.0%/yr. Reported net income was −76.1M TWD in FY2025.
Key figures
Market cap 1.8B TWD (≈ $55.2M) Micro · P/S ratio 1.35 · EPS (TTM) −0.3900 TWD · Dividend yield 2.0% · Net margin −1.6% · Return on equity −1.8% · Return on assets (EBIT) 0.4% (5-year average) · Operating margin 1.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 21 out of 100 (medium confidence).
What moves the price
The share trades about 16% below its 52-week high and 67% 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 −54%, 5230 screens richer than that median.
Fair Value models
Bear8.81 TWDFair Value 11.77 TWDBull16.59 TWD
Price 25.50 TWD · Downside -53.8%
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.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.36/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−14.7%
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.
+3.1%
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.
+5.5%
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.
+0.8%
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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.
0.5% (2020) → −5.7% (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
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).
+20.0%
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 +18.2% 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 · 653 stocks
Beats the industry median on 5/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score37 · Bottom 25%
Fair Value upside−53.8% · Below median
Profitability
Return on assets−3.2% · Bottom 25%
Net margin (12 months)−1.6% · Bottom 25%
Operating margin (12 months)1.2% · Below median
Growth and dividend
Revenue growth (quarter YoY)7.5% · Below median
Dividend yield (12 months)2.0% · Above median
Balance sheet
Debt / equity0.27× · Highest 25%
Valuation Multiplesvs Electronic Components median · lower = cheaper
P/B1.42× · Cheaper than median
P/S (12 months)1.35× · Cheaper than median
Price / free cash flow (fiscal year)27.4× · Cheaper than median
EV/EBITDA12.5× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)38· sector 70
PAST (return on equity)0· sector 28
HEALTH (low debt)86· sector 95
DIVIDEND (yield)39· 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). "Ledlink Optics Fair Value". https://www.fairvalue-calculator.com/stock/5230
Frequently asked questions
Is Ledlink Optics (5230) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 11.77 TWD versus a price of 25.50 TWD, about 54% lower (overvalued).
What is the fair value of 5230?
Our model-based fair value for Ledlink Optics is 11.77 TWD (as of Nov 9, 2026), built from audited fundamentals. The current price: 25.50 TWD.
What is the quality score of 5230?
Ledlink Optics 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 Ledlink Optics (5230)?
Our model-based price target is the fair value of 11.77 TWD (as of Nov 9, 2026) from 11 valuation models. Cautious scenario 8.81 TWD, optimistic scenario 16.59 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Ledlink Optics stock forecast for 2026?
Our models put fair value at 11.77 TWD, about 54% lower versus a price of 25.50 TWD (overvalued). Cautious scenario 8.81 TWD, optimistic scenario 16.59 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Ledlink Optics (5230)?
Ledlink Optics reported trailing-twelve-month revenue of about 1.3B TWD (latest available figure, as of Nov 9, 2026).
Does Ledlink Optics pay a dividend?
Ledlink Optics currently shows a dividend yield of 1.96% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Ledlink Optics (5230) and when is the ex-dividend date?
Ledlink Optics pays a dividend of 0.5 TWD per share a year, a dividend yield of 2.0%. The last ex-dividend date was Jun 24, 2026. A dividend has been paid every year since at least 2012. Free cash flow covers the dividend 2.02 times. Our assessment: Cash covered. The dividend is fully funded by free cash flow. The payout ratio on earnings is not available for this company.
What growth is priced into Ledlink Optics (5230)?
For today's price to be fair in a discounted-cash-flow model, Ledlink Optics would have to grow free cash flow by +20.0 % 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 +5.5 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of 5230 use?
Our models discount Ledlink Optics at 11.8 %: a base by market capitalisation (micro), damped by beta 0.27, 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 Ledlink Optics that is +20.0 % 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 Ledlink Optics (5230) delivered so far?
Over the past 5 years revenue at Ledlink Optics grew +5.5 % a year. The price currently implies free-cash-flow growth of +20.0 % 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 Ledlink Optics (5230) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Ledlink Optics (+20.0 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Ledlink Optics (5230)?
The free-cash-flow yield on the price is 4.71 %: that much free cash flow Ledlink Optics 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 Ledlink Optics (5230)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ledlink Optics it is 11.77 TWD per share (as of Nov 9, 2026), against a price of 25.50 TWD. It is the blended result of 11 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is Ledlink Optics stock overvalued or undervalued in 2026?
As of Nov 9, 2026, 5230 trades above its calculated fair value: price 25.50 TWD, fair value 11.77 TWD, a gap of about −54% (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 5230?
No. The price is what the market pays today (25.50 TWD); the fair value is what the company's own numbers justify (11.77 TWD). For Ledlink Optics the two are 13.73 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Ledlink Optics worth?
The market values Ledlink Optics at about 1.8B TWD (market capitalisation, as of Nov 9, 2026). Per share that is 25.50 TWD; our models calculate a fair value of 11.77 TWD per share.
What do the bullish and bearish scenarios say about 5230?
Our models span a range for Ledlink Optics: cautious scenario 8.81 TWD, base 11.77 TWD, optimistic 16.59 TWD per share (as of Nov 9, 2026, price 25.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Ledlink Optics (5230)?
Balance-sheet figures for Ledlink Optics (as of Nov 9, 2026): return on equity −1.8%, debt of 0.27 per unit of equity. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
How far is 5230 from its 52-week high?
Ledlink Optics trades at 25.50 TWD, about 16% below its 52-week high of 30.30 TWD and 67% above the low of 15.30 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 11.77 TWD is for.
Which stocks are comparable to Ledlink Optics?
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 Ledlink Optics stock attractive at the current price?
The data as of Nov 9, 2026: price 25.50 TWD, calculated fair value 11.77 TWD (−54%), Quality Score 37/100, from 11 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 5230 calculated?
We run Ledlink Optics through 11 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of 11.77 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. Ledlink Optics 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 Ledlink Optics (5230)?
The closing price on Nov 6, 2026 was 25.50 TWD. Our model-based fair value is 11.77 TWD, about 54% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ledlink Optics right now?
The price sits above even our optimistic bull case (16.59 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. A fairly wide model range (8.81 TWD to 16.59 TWD) leaves room in how you read the outcome.
Key figures of Ledlink Optics
How large is the market capitalisation of Ledlink Optics (5230)?
The market capitalisation of Ledlink Optics is 1.8B TWD (≈ $55.2M). 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 Ledlink Optics (5230)?
The price-to-sales ratio of Ledlink Optics is 1.35 (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 Ledlink Optics (5230)?
Earnings per share at Ledlink Optics are −0.3900 TWD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Ledlink Optics (5230)?
The dividend yield of Ledlink Optics is 2.0%. 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 Ledlink Optics (5230)?
The net margin of Ledlink Optics is −1.6% (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 Ledlink Optics (5230)?
The return on equity (ROE) of Ledlink Optics is −1.8% (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 Ledlink Optics (5230)?
On an EBIT basis the return on assets of Ledlink Optics is 0.4% (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 Ledlink Optics (5230)?
The operating margin of Ledlink Optics is 1.2% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ledlink Optics (5230)?
Revenue at Ledlink Optics is growing +7.5% versus a year earlier (3y avg +3.1%). 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 Ledlink Optics (5230)?
Earnings per share at Ledlink Optics are growing −81.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Ledlink Optics (5230) carry?
The net debt of Ledlink Optics is 309M TWD (fiscal year 2025, ≈ 4.7 yrs of FCF). 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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Thin data
Nov 9, 2026