Lingsen Precision Industries, Ltd (2369) Fair Value & Analysis
Technology · TW · Market cap 12.6B TWD
Fair value as of: Jul 21, 2026
From 4 valuation models · updated 20 days ago
Share price −20.9% over the past month.
Below-average quality, and screening another 80% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (8.41 TWD). The favourable scenario is already priced in.
- The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
- Solid but not exceptional quality (46/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.
How to read this chart
60‑month range 11.35 TWD – 44.55 TWD · fair‑value band 5.11 TWD – 8.41 TWD · the 33.60 TWD price screens above the 6.76 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.
Analysis
Lingsen Precision Industries, Ltd (2369) currently trades at 33.60 TWD, while our model-based Fair Value estimate is 6.76 TWD, implying the stock looks roughly 79.9% overvalued today. The Quality Score stands at 46/100 (below-average quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: low).
Over the trailing twelve months, Lingsen Precision Industries, Ltd generated revenue of 6.0B TWD at a net margin of -4.1%. Revenue grew 39.6% year over year. It earns a return on equity of -5.1%. The balance sheet holds a net cash position of 59.5M TWD. Fundamentals as of Jul 21, 2026
Our scenario range runs from 5.11 TWD (bear case) to 8.41 TWD (bull case); at 33.60 TWD, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 20% below its 52-week high and 139% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -75% fair-value upside, at -80%, 2369 screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 4 models by family
Widest divergence: Asset-Based (8.59 TWD) versus Dividend Discount (3.02 TWD). Highest evidence: Gordon GGM (70).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 46 · Market factors (momentum, volatility) 64
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Lingsen Precision Industries, Ltd. manufactures and sells semiconductor materials and equipment in Taiwan, the rest of Asia, Europe, and the Americas. The company is involved in assembly, testing, manufacture, and packaging of various integrated circuits and optoelectronics products.
Full company description
Lingsen Precision Industries, Ltd. manufactures and sells semiconductor materials and equipment in Taiwan, the rest of Asia, Europe, and the Americas. The company is involved in assembly, testing, manufacture, and packaging of various integrated circuits and optoelectronics products. It offers assembly services, including reliability test, failure analysis, package characterization, and product services; and test process services for water test and final test equipment. The company was founded in 1970 and is headquartered in Taichung, Taiwan.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Lingsen Precision Industries, Ltd reported revenue of 5.6B TWD in FY2025 versus 7.7B TWD in FY2021, a compound −7.9%/yr. Reported net income was −394M TWD in FY2025.
2369 screens 80% overvalued. Compare with ASML Holding →
Peer Group
Semiconductor Equipment & Materials · 212 stocks
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.
Valuation Multiples vs Semiconductor Equipment & Materials median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Semiconductor Equipment & Materials stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| ASML Holding ASML | C$50.50 | C$15.57 | -69% |
| Applied Materials, Inc AMAT | $579.43 | $143.08 | -75% |
| Lam Research Corporation LRCX | $346.10 | $67.57 | -80% |
| KLA Corporation KLAC | $212.75 | $53.01 | -75% |
| NAURA Technology Group 002371 | ¥774.20 | ¥151.43 | -80% |
| Advanced Micro-Fabrication Equipment Inc 688012 | ¥350.69 | ¥41.79 | -88% |
| Piotech Inc 688072 | ¥832.00 | ¥431.44 | -48% |
| Hon. Precision, Inc 7769 | 6,005 TWD | 1,804 TWD | -70% |
| Hangzhou Changchuan Technology Co 300604 | ¥325.24 | ¥33.33 | -90% |
| MPI Corporation 6223 | 5,600 TWD | 609.44 TWD | -89% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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