Everlight Electronics Co (2393) Fair Value & Analysis
Technology · TW · Market cap 29.6B TWD
Fair value as of: Jul 21, 2026
From 24 valuation models · updated 20 days ago
Share price −13.7% over the past month.
A solid business, screening 51% undervalued on our models.
What matters now
- The price is below even our cautious bear case (68.95 TWD). The market is more pessimistic than our downside scenario.
- Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality.
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 31.58 TWD – 88.70 TWD · fair‑value band 68.95 TWD – 114.92 TWD · the 60.90 TWD price screens below the 91.94 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.
Analysis
Everlight Electronics Co (2393) currently trades at 60.90 TWD, while our model-based Fair Value estimate is 91.94 TWD, implying the stock looks roughly 51.0% undervalued today. The Quality Score stands at 64/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.
Over the trailing twelve months, Everlight Electronics Co generated revenue of 19.7B TWD at a net margin of 9.5%. Revenue grew 0.3% year over year. It earns a return on equity of 8.9%. The balance sheet holds a net cash position of 2.8B TWD. Fundamentals as of Jul 21, 2026
Our scenario range runs from 68.95 TWD (bear case) to 114.92 TWD (bull case); at 60.90 TWD, the current price sits below 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 21% below its 52-week high and 22% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at 51%, 2393 screens cheaper 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 24 models by family
Widest divergence: DCF Models (87.70 TWD) versus Asset-Based (30.18 TWD). Highest evidence: Growth DCF (80).
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 64 · Market factors (momentum, volatility) 47
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
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.
Full company description
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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Everlight Electronics Co 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.
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Peer Group
Electronic Components · 626 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 Electronic Components 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.
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 Electronic Components stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Delta Electronics, Inc 2308 | 1,880 TWD | 515.23 TWD | -73% |
| Hon Hai Precision Industry Co 2317 | 242.50 TWD | 270.47 TWD | +12% |
| Luxshare Precision Industry Co 002475 | ¥62.14 | ¥38.44 | -38% |
| Samsung Electro-Mechanics Co 009150 | 1,260,000 KRW | 166,421 KRW | -87% |
| Elite Material Co 2383 | 4,990 TWD | 714.36 TWD | -86% |
| Yageo Corporation 2327 | 699.00 TWD | 216.55 TWD | -69% |
| Shengyi Technology Co 600183 | ¥132.29 | ¥27.45 | -79% |
| Shennan Circuits Co 002916 | ¥364.00 | ¥93.50 | -74% |
| Victory Giant Technology (HuiZhou) Co 2476 | HK$297.00 | HK$103.98 | -65% |
| Wus Printed Circuit (Kunshan) Co 002463 | ¥127.80 | ¥31.95 | -75% |
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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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