Shining Victory Motor Electronic Co., Ltd. (2248) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of Shining Victory Motor Electronic Co., Ltd. stock TWD 76.63, price TWD 57.60, upside +33.0%, quality 47 out of 100. Rating: undervalued. 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 7, 2026.
How to read this chart
60‑month range 15.29 TWD – 67.05 TWD · fair‑value band 46.86 TWD – 121.47 TWD · the 57.60 TWD price screens below the 76.63 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Shining Victory Motor Electronic Co., Ltd., together with its subsidiaries, engages in the manufacturing and selling automotive LED interior lighting products in China, the United States, and Mexico.
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It also provides interior ambient lighting, including instrument panels, door panels, cup holders, seats, and footlights; luminous welcome pedals; sky ceiling; door handle indicator and charging port indicator/ambience lights; and metal speaker mesh.
The company was founded in 2001 and is based in Taipei, Taiwan.
Stock analysis
Shining Victory Motor Electronic Co., Ltd. (2248) currently trades at 57.60 TWD, while our model-based Fair Value estimate is 76.63 TWD, implying the stock looks roughly 25% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 106.49 TWD per share, and 15 of the 26 models we run sit above the 57.60 TWD price.
Bear case: the Asset-Based group reads lowest at 21.40 TWD, and 11 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 46.86 TWD (bear) to 121.47 TWD (bull), the price of 57.60 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 47/100 (below-average quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Shining Victory Motor Electronic Co., Ltd. reported revenue of 2.1B TWD in FY2025 versus 927M TWD in FY2021, a compound +22.2%/yr. Reported net income was 248M TWD in FY2025, compounding +26.8%/yr from FY2021.
Key figures
Market cap 2.7B TWD (≈ $83.5M) Micro · P/E ratio 8.0 · P/S ratio 1.10 · EPS (TTM) 7.22 TWD · Dividend yield 5.3% · Net margin 13.8% · Return on equity 22.0% · Return on assets (EBIT) 7.1% (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 14% below its 52-week high and 32% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −23% fair-value upside, at 33%, 2248 screens cheaper than that median.
Fair Value models
Bear46.86 TWDFair Value 76.63 TWDBull121.47 TWD
Price 57.60 TWD · Upside +33.0%
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 (3.55 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.80/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−0.5%
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.
+18.3%
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.
+24.4%
Start year 2020 (pandemic)
Revenue growth 9 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.
+8.8%
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’25
What shareholders gained per year (last 5 years), in TWD (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip. 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.
≈ +30.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year≈ +24.7%
Dividend (yield on the price)5.3%
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.base effect: 30.3% / 4.1%
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.−4% → 15%
2025 sits 58% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
⚠ Base effect: the rate starts in the earnings trough around 2020 (starting value 1.39 per share, median 3.04 in 2016 to 2018). It measures the recovery from the trough, not lasting growth.
Growth Forecast
Price in line with expectations
The price assumes about as much growth as 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).
+21.7%
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 +19.8% a year for the price.
Compare Shining Victory Motor Electronic Co., Ltd. with another stock
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.Auto Parts · 655 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score47 · Below median
Fair Value upside+33.0% · Above median
Profitability
Return on equity (12 months)22.0% · Top 25%
Return on assets8.2% · Top 25%
Net margin (12 months)13.8% · Top 25%
Operating margin (12 months)15.8% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)66.9% · Top 25%
Dividend yield (12 months)5.3% · Top 25%
Valuation Multiplesvs Auto Parts median · lower = cheaper
P/E (12 months)8.0× · Cheapest 25%
P/B1.65× · Pricier than median
P/S (12 months)1.10× · Pricier than median
Price / free cash flow (fiscal year)27.2× · Pricier than median
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). "Shining Victory Motor Electronic Co., Ltd. Fair Value". https://www.fairvalue-calculator.com/stock/2248
Frequently asked questions
Is Shining Victory Motor Electronic Co., Ltd. (2248) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 76.63 TWD versus a price of 57.60 TWD, about +33% upside (undervalued).
What is the fair value of 2248?
Our model-based fair value for Shining Victory Motor Electronic Co., Ltd. is 76.63 TWD (as of Nov 7, 2026), built from audited fundamentals. The current price: 57.60 TWD.
What is the quality score of 2248?
Shining Victory Motor Electronic Co., Ltd. has a Quality Score of 47/100. 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 Shining Victory Motor Electronic Co., Ltd. (2248)?
Our model-based price target is the fair value of 76.63 TWD (as of Nov 7, 2026) from 26 valuation models. Cautious scenario 46.86 TWD, optimistic scenario 121.47 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Shining Victory Motor Electronic Co., Ltd. stock forecast for 2026?
Our models put fair value at 76.63 TWD, about +33% upside versus a price of 57.60 TWD (undervalued). Cautious scenario 46.86 TWD, optimistic scenario 121.47 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Shining Victory Motor Electronic Co., Ltd. (2248)?
Shining Victory Motor Electronic Co., Ltd. reported trailing-twelve-month revenue of about 2.5B TWD (latest available figure, as of Nov 7, 2026).
Does Shining Victory Motor Electronic Co., Ltd. pay a dividend?
Shining Victory Motor Electronic Co., Ltd. currently shows a dividend yield of 5.35% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Shining Victory Motor Electronic Co., Ltd. (2248) and when is the ex-dividend date?
Shining Victory Motor Electronic Co., Ltd. pays a dividend of 3.08 TWD per share a year, a dividend yield of 5.3%. The last ex-dividend date was Jul 13, 2026. A dividend has been paid every year since 2022. The payout ratio is 42.7% of earnings. Free cash flow covers the dividend 0.69 times. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What growth is priced into Shining Victory Motor Electronic Co., Ltd. (2248)?
For today's price to be fair in a discounted-cash-flow model, Shining Victory Motor Electronic Co., Ltd. would have to grow free cash flow by +21.7 % per year for five years (discount rate 13.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +24.4 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of 2248 use?
Our models discount Shining Victory Motor Electronic Co., Ltd. at 13.3 %: a base by market capitalisation (micro), 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 Shining Victory Motor Electronic Co., Ltd. that is +21.7 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.3 %) and the same formula as our fair value.
How much growth has Shining Victory Motor Electronic Co., Ltd. (2248) delivered so far?
Over the past 5 years revenue at Shining Victory Motor Electronic Co., Ltd. grew +24.4 % a year. The price currently implies free-cash-flow growth of +21.7 % 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 Shining Victory Motor Electronic Co., Ltd. (2248) growing?
The median revenue growth in the sector is +8.6 % a year. That is the yardstick for the growth priced into Shining Victory Motor Electronic Co., Ltd. (+21.7 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Shining Victory Motor Electronic Co., Ltd. (2248)?
The free-cash-flow yield on the price is 3.68 %: that much free cash flow Shining Victory Motor Electronic Co., Ltd. produces per unit of market value. When it exceeds the discount rate of our models (13.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Shining Victory Motor Electronic Co., Ltd. (2248)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shining Victory Motor Electronic Co., Ltd. it is 76.63 TWD per share (as of Nov 7, 2026), against a price of 57.60 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 Shining Victory Motor Electronic Co., Ltd. stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 2248 trades below its calculated fair value: price 57.60 TWD, fair value 76.63 TWD, a gap of about +33% (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 2248?
No. The price is what the market pays today (57.60 TWD); the fair value is what the company's own numbers justify (76.63 TWD). For Shining Victory Motor Electronic Co., Ltd. the two are 19.03 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Shining Victory Motor Electronic Co., Ltd. worth?
The market values Shining Victory Motor Electronic Co., Ltd. at about 2.7B TWD (market capitalisation, as of Nov 7, 2026). Per share that is 57.60 TWD; our models calculate a fair value of 76.63 TWD per share.
What do the bullish and bearish scenarios say about 2248?
Our models span a range for Shining Victory Motor Electronic Co., Ltd.: cautious scenario 46.86 TWD, base 76.63 TWD, optimistic 121.47 TWD per share (as of Nov 7, 2026, price 57.60 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2248?
Shining Victory Motor Electronic Co., Ltd. trades at a price-to-earnings ratio of 8.0 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 76.63 TWD is built from several models across several years. Median P/E at fiscal year-end, 7 fiscal years (2018 to 2025), reported earnings: 10.9. Other multiples: P/B 1.7, P/S 1.1, EV/EBITDA 4.6.
How solid is the balance sheet of Shining Victory Motor Electronic Co., Ltd. (2248)?
Balance-sheet figures for Shining Victory Motor Electronic Co., Ltd. (as of Nov 7, 2026): return on equity 22.0%. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is 2248 from its 52-week high?
Shining Victory Motor Electronic Co., Ltd. trades at 57.60 TWD, about 14% below its 52-week high of 66.90 TWD and 32% above the low of 43.67 TWD (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 76.63 TWD is for.
Which stocks are comparable to Shining Victory Motor Electronic Co., Ltd.?
From the same area (Consumer Cyclical) we also value O'Reilly Automotive, Inc, AutoZone, Inc, Hyundai Mobis Co, Fuyao Glass Industry Group, 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 Shining Victory Motor Electronic Co., Ltd. stock attractive at the current price?
The data as of Nov 7, 2026: price 57.60 TWD, calculated fair value 76.63 TWD (+33%), Quality Score 47/100, 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 2248 calculated?
We run Shining Victory Motor Electronic Co., Ltd. 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 76.63 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. Shining Victory Motor Electronic Co., Ltd. currently trades 25% 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 Shining Victory Motor Electronic Co., Ltd. (2248)?
The closing price on Nov 9, 2026 was 57.60 TWD. Our model-based fair value is 76.63 TWD, about +33% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shining Victory Motor Electronic Co., Ltd. right now?
The large discount to fair value meets weak quality (47/100). That raises the risk this is a value trap rather than a bargain. A fairly wide model range (46.86 TWD to 121.47 TWD) leaves room in how you read the outcome.
Key figures of Shining Victory Motor Electronic Co., Ltd.
How large is the market capitalisation of Shining Victory Motor Electronic Co., Ltd. (2248)?
The market capitalisation of Shining Victory Motor Electronic Co., Ltd. is 2.7B TWD (≈ $83.5M). 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 Shining Victory Motor Electronic Co., Ltd. (2248)?
The price-to-sales ratio of Shining Victory Motor Electronic Co., Ltd. is 1.10 (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 Shining Victory Motor Electronic Co., Ltd. (2248)?
Earnings per share at Shining Victory Motor Electronic Co., Ltd. are 7.22 TWD (price ÷ EPS = P/E 8.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Shining Victory Motor Electronic Co., Ltd. (2248)?
The dividend yield of Shining Victory Motor Electronic Co., Ltd. is 5.3% (payout 42.7%). 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 Shining Victory Motor Electronic Co., Ltd. (2248)?
The net margin of Shining Victory Motor Electronic Co., Ltd. is 13.8% (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 Shining Victory Motor Electronic Co., Ltd. (2248)?
The return on equity (ROE) of Shining Victory Motor Electronic Co., Ltd. is 22.0% (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 Shining Victory Motor Electronic Co., Ltd. (2248)?
On an EBIT basis the return on assets of Shining Victory Motor Electronic Co., Ltd. is 7.1% (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 Shining Victory Motor Electronic Co., Ltd. (2248)?
The operating margin of Shining Victory Motor Electronic Co., Ltd. is 15.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shining Victory Motor Electronic Co., Ltd. (2248)?
Revenue at Shining Victory Motor Electronic Co., Ltd. is growing +66.9% versus a year earlier (3y avg +18.3%). 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 Shining Victory Motor Electronic Co., Ltd. (2248)?
Earnings per share at Shining Victory Motor Electronic Co., Ltd. are growing +151% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Shining Victory Motor Electronic Co., Ltd. (2248) hold?
Shining Victory Motor Electronic Co., Ltd. holds more cash than debt, 306M TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 7, 2026