Everlight Electronics Co Ltd (2393) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Everlight Electronics Co Ltd TWD 96.92, price TWD 63.40, upside +52.9%, quality 64 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? Yes
- Good quality? Yes
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Everlight Electronics Co Ltd
2393 · TWClearly undervaluedStrong Fair Value upside, but quality is only moderate.
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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 31.58 TWD – 88.70 TWD · fair‑value band 68.21 TWD – 126.24 TWD · the 63.40 TWD price screens below the 96.92 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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Company profile
Everlight Electronics Co., Ltd., together with its subsidiaries, engages in the manufacture and sale of light-emitting diode (LED) in Asia, Europe, and internationally. The company operates through LED, LCD, Illumination, and Other Department segments.
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Everlight Electronics Co., Ltd., together with its subsidiaries, engages in the manufacture and sale of light-emitting diode (LED) in Asia, Europe, and internationally. The company operates through LED, LCD, Illumination, and Other Department segments. It offers visible LEDs, including lighting, horticulture lighting, UV, flash, automotive, lamp, SMD, digital displays, backlight, and signage LEDs; infrared LEDs, such as silicon detectors, infrared receiver modules, optic fiber devices, and optical switches; ambient light, proximity, and color sensors; semi-power device, which includes SiC SBD, SiC MOSFET, and Si MOSFET; and photo couplers comprising photo transistors and darlington, schmitt triggers, high speed products, triac drivers, photo power triac drivers, solid state relays, and IGBT gate drivers. The company also manufactures and sells liquid crystal displays (LCD) and LCD modules. In addition, it sells lighting products, lamps, and accessories; business promotion and customer service; LCD panels; manufactures and sells electronics; provides components and communication devices; mechanical equipment; and wafer testing services. Its products are used for general, growth, and agriculture lighting, as well as module applications and UV appliances; automotive interior and exterior applications; home and others appliance, wearable and smart devices, healthcare, gaming computer related, multimedia, e-cigarette, surveillance, and signage applications; and vehicle charging station, motor drive, bus interface, elevator control, power and gas meter, water meter, and medical equipment applications. Everlight Electronics Co., Ltd. was incorporated in 1983 and is headquartered in New Taipei City, Taiwan.
Stock analysis
Everlight Electronics Co Ltd (2393) currently trades at 63.40 TWD, while our model-based Fair Value estimate is 96.92 TWD, implying the stock looks roughly 34.6% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 97.45 TWD per share, and 17 of the 24 models we run sit above the 63.40 TWD price.
Bear case: the Asset-Based group reads lowest at 30.18 TWD, and 7 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: 68.21 TWD (bear) to 126.24 TWD (bull), the price of 63.40 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 64/100 (solid quality), in the Technology sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Everlight Electronics Co Ltd reported revenue of 19.6B TWD in FY2025 versus 25.0B TWD in FY2021, a compound −5.9%/yr. Reported net income was 2.0B TWD in FY2025, compounding +1.2%/yr from FY2021.
Key figures
Market cap 28.4B TWD (≈ $893M) · P/E ratio 14.0 · P/S ratio 1.45 · EPS (TTM) 4.53 TWD · Dividend yield 6.5% · Net margin 10.4% · Return on equity 8.9% · Return on assets (EBIT) 8.1%.
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 14% below its 52-week high and 26% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −66% fair-value upside, at 53%, 2393 screens cheaper than that median.
Fair Value models
All 24 models by family
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Set up alert →Quality Score breakdown
Of which business quality 64 · Market factors (momentum, volatility) 53
Revenue & earnings trend
Growth Forecast
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Compare Everlight Electronics Co Ltd with another stock
Price, fair value, quality and upside side by side.
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 · 654 stocks
Valuation Multiplesvs Electronic Components median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Information Technology sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Taiwanese Stocks
- Valuation of the Taiwan market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Electronic Components stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Amphenol Corporation APH | $82.84 | $91.12 | +10% |
| Delta Electronics, Inc 2308 | 1,910 TWD | 519.57 TWD | −73% |
| Corning Incorporated GLW | $159.69 | $34.01 | −79% |
| Hon Hai Precision Industry Co 2317 | 250.50 TWD | 293.80 TWD | +17% |
| Luxshare Precision Industry Co 002475 | ¥54.84 | ¥18.55 | −66% |
| Samsung Electro-Mechanics Co 009150 | 1,507,000 KRW | 171,572 KRW | −89% |
| Suzhou Dongshan Precision Manufacturing Co 002384 | ¥198.12 | ¥21.19 | −89% |
| TE Connectivity plc TEL | $213.48 | $140.75 | −34% |
| Elite Material Co 2383 | 5,050 TWD | 800.51 TWD | −84% |
| Yageo Corporation 2327 | 580.00 TWD | 527.64 TWD | −9% |
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Key figures of Everlight Electronics Co Ltd
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