Shining Victory Motor Electronic Co., Ltd. (2248) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Shining Victory Motor Electronic Co., Ltd. TWD 67.32, price TWD 61.00, upside +10.4%, quality 45 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 15.29 TWD – 67.05 TWD · fair‑value band 39.49 TWD – 112.25 TWD · the 61.00 TWD price screens below the 67.32 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 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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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. 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 61.00 TWD, while our model-based Fair Value estimate is 67.32 TWD, implying the stock looks roughly 9.4% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 106.07 TWD per share, and 17 of the 26 models we run sit above the 61.00 TWD price.
Bear case: the Asset-Based group reads lowest at 23.38 TWD, and 9 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: 39.49 TWD (bear) to 112.25 TWD (bull), the price of 61.00 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 45/100 (below-average quality), in the Consumer Cyclical sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
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 2.9B TWD (≈ $91.4M) · P/E ratio 10.3 · P/S ratio 1.24 · EPS (TTM) 5.91 TWD · Dividend yield 5.0% · Net margin 12.0% · Return on equity 16.5% · Return on assets (EBIT) 7.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 9% below its 52-week high and 50% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −19% fair-value upside, at 10%, 2248 screens cheaper than that median.
Fair Value models
Bear 39.49 TWDFair Value 67.32 TWDBull 112.25 TWD
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (2.08 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.Evidence ⓘEvidence = 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
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%
’21
’22
’23
’24
’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.
+29.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+24.7%
Dividend (yield on the price)5.0%
Profit margin 2021 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% → 15%
2025 sits 58% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
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).
+42.0%
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 +39.8% 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 · 692 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score45 · Below median
Fair Value upside+10% · Above median
Profitability
Return on equity (TTM)16% · Top 25%
Return on assets7% · Top 25%
Net margin (TTM)13% · Top 25%
Operating margin (TTM)16% · Top 25%
Growth and dividend
Revenue growth30% · Top 25%
Dividend yield (TTM)5.0% · Top 25%
Valuation Multiplesvs Auto Parts 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). "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 Sep 24, 2026, our model estimates a fair value of 67.32 TWD versus a price of 61.00 TWD, about +10% upside (undervalued).
What is the fair value of 2248?
Our model-based fair value for Shining Victory Motor Electronic Co., Ltd. is 67.32 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 61.00 TWD.
What is the quality score of 2248?
Shining Victory Motor Electronic Co., Ltd. has a Quality Score of 45/100. 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 67.32 TWD (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 39.49 TWD, optimistic scenario 112.25 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 67.32 TWD, about +10% upside versus a price of 61.00 TWD (undervalued). Cautious scenario 39.49 TWD, optimistic scenario 112.25 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 2.2B TWD (latest available figure, as of Sep 24, 2026).
Does Shining Victory Motor Electronic Co., Ltd. pay a dividend?
Shining Victory Motor Electronic Co., Ltd. currently shows a dividend yield of about 5.05% relative to its recent price (as of Sep 24, 2026).
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 +42.0 % per year for five years (discount rate 13.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 4 years revenue grew +22.2 % per year. As of Sep 24, 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 +42.0 % per year a year over ten years, 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 4 years revenue at Shining Victory Motor Electronic Co., Ltd. grew +22.2 % a year. The price currently implies +42.0 % per year free-cash-flow growth a 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 +5.9 % a year. That is the yardstick for the growth priced into Shining Victory Motor Electronic Co., Ltd. (+42.0 % per year a 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 1.45 %: 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 67.32 TWD per share (as of Sep 24, 2026), against a price of 61.00 TWD. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Shining Victory Motor Electronic Co., Ltd. stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 2248 trades below its calculated fair value: price 61.00 TWD, fair value 67.32 TWD, a gap of about +10% (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 (61.00 TWD); the fair value is what the company's own numbers justify (67.32 TWD). For Shining Victory Motor Electronic Co., Ltd. the two are 6.32 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 2.9B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 61.00 TWD; our models calculate a fair value of 67.32 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 39.49 TWD, base 67.32 TWD, optimistic 112.25 TWD per share (as of Sep 24, 2026, price 61.00 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 10.3 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 67.32 TWD is built from several models across several years. Other multiples: P/B 1.8, P/S 1.3, EV/EBITDA 5.9.
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 Sep 24, 2026): return on equity 16.5%. They feed the Quality Score of 45/100, 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 61.00 TWD, about 9% below its 52-week high of 66.90 TWD and 50% above the low of 40.69 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 67.32 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 Sep 24, 2026: price 61.00 TWD, calculated fair value 67.32 TWD (+10%), Quality Score 45/100, 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 four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 67.32 TWD, 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 14.0 % above its aggregate fair value. Shining Victory Motor Electronic Co., Ltd. currently trades 10 % 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 Sep 24, 2026 was 61.00 TWD. Our model-based fair value is 67.32 TWD, about +10% 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 model range is unusually wide (39.49 TWD to 112.25 TWD). The outcome hinges heavily on assumptions, so read the point estimate with caution. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
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 2.9B TWD (≈ $91.4M). 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 1.24 (P/E × margin). 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 5.91 TWD (price ÷ EPS = P/E 10.3). 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 5.0% (payout 52.1%). 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 12.0% (fiscal year 2025). 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 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 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 16.3% (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 +30.3% 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 +47.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Shining Victory Motor Electronic Co., Ltd. (2248) carry?
The net debt of Shining Victory Motor Electronic Co., Ltd. is 88.3M TWD (fiscal year 2024, ≈ 2.1 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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