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Lien Chang Electronic Enterprise Co (2431) Fair Value & Analysis

Technology · TW · Market cap 1.2B TWD

LC Lien Chang Electronic Enterprise Co 2431 · TW
Price10.20 TWD
Fair Value7.14 TWD
Upside-30.0%
Quality45/100
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Weak Growth
Loss-making · -75.5% net margin
negative free cash flow
Trails peers (2/8)
Narrow moat 6/100
Evidence: Low Range 4.71 TWD – 8.92 TWD Share as image

Fair value as of: Jul 21, 2026

From 3 valuation models · updated 20 days ago

Share price −10.9% over the past month.

Below-average quality, and screening another 30% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (8.92 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 (45/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (4.71 TWD to 8.92 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

20.10 TWD 9.46 TWD Fair Value 7.14 TWD Mar 2021 Aug 2026

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 9.46 TWD – 20.10 TWD · fair‑value band 4.71 TWD – 8.92 TWD · the 10.20 TWD price screens above the 7.14 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

Full chart & analysis →

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Analysis

Lien Chang Electronic Enterprise Co (2431) currently trades at 10.20 TWD, while our model-based Fair Value estimate is 7.14 TWD, implying the stock looks roughly 30.0% overvalued today. The Quality Score stands at 45/100 (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, Lien Chang Electronic Enterprise Co generated revenue of 322M TWD at a net margin of -75.5%. Revenue declined 46.0% year over year. It earns a return on equity of -20.3%. The balance sheet holds a net cash position of 402M TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 4.71 TWD (bear case) to 8.92 TWD (bull case); at 10.20 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 42% below its 52-week high and 1% 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 -30%, 2431 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.

Model 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
Highest evidence
Gordon GGM 0.7800 TWD 0.8400 TWD 0.9300 TWD 70
DDM Multi-Stage 0.7800 TWD 0.9200 TWD 1.12 TWD 61
NCAV (Graham) 4.90 TWD 6.57 TWD 9.80 TWD 50
All 3 models by family
Dividend Discount
Gordon GGM 0.7800 TWD 0.8400 TWD 0.9300 TWD 70
DDM Multi-Stage 0.7800 TWD 0.9200 TWD 1.12 TWD 61
Asset-Based
NCAV (Graham) 4.90 TWD 6.57 TWD 9.80 TWD 50

Widest divergence: Asset-Based (6.57 TWD) versus Dividend Discount (0.8400 TWD). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Revenue (TTM) 322M TWD
Revenue growth (YoY) -46.0%
Net margin -75.5%
Return on equity -20.3%
Free cash flow −32.3M TWD FY2025
Operating margin -43.9%
More key figures
EPS (TTM) -2.10 TWD
EPS growth (YoY) +984%
Net cash 402M TWD FY2025

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 45/100

Of which business quality 46 · Market factors (momentum, volatility) 37

Profitability 2
Margins and returns on capital today
Quality Growth 14
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 63
Calm price path (market factor)
Momentum 33
Price trend over the last 3–12 months (market factor)
52W Momentum 15
Distance to the 52-week high (market factor)
Net Issuance 87
Buybacks instead of dilution

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

Lien Chang Electronic Enterprise Co., Ltd engages in the manufacture and sale of power supply units in Taiwan. The company offers drone ESC; consumer chargers; motor/compressor drivers; automotive parts OEM products; and display products. The company was founded in 1968 and is based in Taipei City, Taiwan.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Lien Chang Electronic Enterprise Co reported revenue of 375M TWD in FY2025 versus 1.6B TWD in FY2021, a compound −30.0%/yr. Reported net income was −233M TWD in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
375M TWD
Latest YoY
−7.0%
Avg. growth/yr (3Y) 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.
−27.9%
Avg. growth/yr (5Y) 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.
−30.4%
Avg. growth/yr (23Y) 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.
−6.6%
Revenue −30.0%/yr
FY21 1.6B TWD
FY22 1.0B TWD
FY23 590M TWD
FY24 404M TWD
FY25 375M TWD
Net income
FY21 115M TWD
FY22 10.4M TWD
FY23 −94.1M TWD
FY24 −70.1M TWD
FY25 −233M TWD

2431 screens 30% overvalued. Compare with Delta Electronics, Inc →

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Cite: Fair Value Calculator (2026). "Lien Chang Electronic Enterprise Co Fair Value". https://www.fairvalue-calculator.com/stock/2431

Peer Group

Electronic Components · 625 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.

Quality Score 45 · Below median
Fair Value upside −30% · Above median
Return on assets -9% · Bottom 25%
Net margin (TTM) -75% · Bottom 25%
Operating margin (TTM) -44% · Bottom 25%
Revenue growth -46% · Bottom 25%

Valuation Multiples vs Electronic Components median · lower = cheaper

P/S (TTM) 0.11× · Cheaper than 75% of peers

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

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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Frequently asked questions

Is Lien Chang Electronic Enterprise Co (2431) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 7.14 TWD versus a price of 10.20 TWD, about −30% (overvalued).
What is the fair value of 2431?
Our model-based fair value for Lien Chang Electronic Enterprise Co is 7.14 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 10.20 TWD.
What is the quality score of 2431?
Lien Chang Electronic Enterprise Co 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 revenue of Lien Chang Electronic Enterprise Co (2431)?
Lien Chang Electronic Enterprise Co reported trailing-twelve-month revenue of about 322M TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 2431?
The net profit margin of Lien Chang Electronic Enterprise Co is about -75.5%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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