Lelon Electronics Corp (2472) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Lelon Electronics Corp TWD 176, price TWD 219, upside -19.4%, quality 65 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Lelon Electronics Corp., together with its subsidiaries, develops, manufactures, markets, trades in, and sells electrolytic capacitors internationally.
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Lelon Electronics Corp., together with its subsidiaries, develops, manufactures, markets, trades in, and sells electrolytic capacitors internationally. Its electrolytic capacitors include aluminum electrolytic capacitors, such as radial type, SMD, snap-in terminal, screw terminal, and axial; organic conductive polymer capacitors; conductive polymer hybrid capacitors; and flame retardants. The company produces and sells formed aluminum foils and automatic manufacturing equipment. Its products are used in various applications, including automotive electronics, telecommunication, cloud computing, and power electronics. The company was incorporated in 1976 and is headquartered in Taichung, Taiwan.
Stock analysis
Lelon Electronics Corp (2472) currently trades at 218.50 TWD, while our model-based Fair Value estimate is 176.22 TWD, implying the stock looks roughly 24.0% overvalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 212.97 TWD per share, and 6 of the 26 models we run sit above the 218.50 TWD price.
Bear case: the Asset-Based group reads lowest at 36.98 TWD, and 20 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: 116.10 TWD (bear) to 253.59 TWD (bull), the price of 218.50 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 65/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Lelon Electronics Corp reported revenue of 11.3B TWD in FY2025 versus 10.0B TWD in FY2021, a compound +3.2%/yr. Reported net income was 1.4B TWD in FY2025, compounding −0.6%/yr from FY2021.
Key figures
Market cap 43.7B TWD (≈ $1.4B) · P/E ratio 25.1 · P/S ratio 3.20 · EPS (TTM) 8.70 TWD · Dividend yield 1.6% · Net margin 12.7% · Return on equity 14.5% · Return on assets (EBIT) 12.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 51 out of 100 (low confidence).
What moves the price
The share trades about 52% below its 52-week high and 164% 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 −19%, 2472 screens cheaper than that median.
Fair Value models
Bear 116.10 TWDFair Value 176.22 TWDBull 253.59 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 (3.80 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.85/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+7.7%
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.
+3.0%
Revenue growth 5 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.
+7.6%
Start year 2020 (pandemic). Over 10 years: +6.9% a year
Revenue growth 23 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.
+7.1%
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What shareholders gained per year (last 5 years), in TWD ⓘ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. 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.
+6.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+4.5%
Dividend (yield on the price)1.6%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.5% vs 10%, slowing
Profit margin 2020 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.16% → 20%
Start year 2020 (pandemic)
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).
+24.2%
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 +22.2% a year for the price.
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.Electronic Components · 654 stocks
Beats the industry median on 12/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score65 · Top 25%
Fair Value upside−19% · Above median
Profitability
Return on equity (TTM)14% · Top 25%
Return on assets8% · Top 25%
Net margin (TTM)12% · Top 25%
Operating margin (TTM)19% · Top 25%
Growth and dividend
Revenue growth9% · Above median
Dividend yield (TTM)1.6% · Above median
Balance sheet
Debt / equity0.03× · Below median
Valuation Multiplesvs Electronic Components median · lower = cheaper
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Is Lelon Electronics Corp (2472) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 176.22 TWD versus a price of 218.50 TWD, about −19% upside (overvalued).
What is the fair value of 2472?
Our model-based fair value for Lelon Electronics Corp is 176.22 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 218.50 TWD.
What is the quality score of 2472?
Lelon Electronics Corp has a Quality Score of 65/100. 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 Lelon Electronics Corp (2472)?
Our model-based price target is the fair value of 176.22 TWD (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 116.10 TWD, optimistic scenario 253.59 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Lelon Electronics Corp stock forecast for 2026?
Our models put fair value at 176.22 TWD, about −19% upside versus a price of 218.50 TWD (overvalued). Cautious scenario 116.10 TWD, optimistic scenario 253.59 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Lelon Electronics Corp (2472)?
Lelon Electronics Corp reported trailing-twelve-month revenue of about 11.5B TWD (latest available figure, as of Sep 24, 2026).
Does Lelon Electronics Corp pay a dividend?
Lelon Electronics Corp currently shows a dividend yield of about 1.60% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Lelon Electronics Corp (2472)?
For today's price to be fair in a discounted-cash-flow model, Lelon Electronics Corp would have to grow free cash flow by +24.2 % per year for five years (discount rate 13.5 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +7.6 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 2472 use?
Our models discount Lelon Electronics Corp at 13.5 %: a base by market capitalisation (small), damped by beta 1.57, 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 Lelon Electronics Corp that is +24.2 % per year a year over ten years, using the same discount rate (13.5 %) and the same formula as our fair value.
How much growth has Lelon Electronics Corp (2472) delivered so far?
Over the past 5 years revenue at Lelon Electronics Corp grew +7.6 % a year. The price currently implies +24.2 % 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 Lelon Electronics Corp (2472) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Lelon Electronics Corp (+24.2 % 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 Lelon Electronics Corp (2472)?
The free-cash-flow yield on the price is 3.35 %: that much free cash flow Lelon Electronics Corp produces per unit of market value. When it exceeds the discount rate of our models (13.5 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Lelon Electronics Corp (2472)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Lelon Electronics Corp it is 176.22 TWD per share (as of Sep 24, 2026), against a price of 218.50 TWD. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Lelon Electronics Corp stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 2472 trades above its calculated fair value: price 218.50 TWD, fair value 176.22 TWD, a gap of about −19% (overvalued). 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 2472?
No. The price is what the market pays today (218.50 TWD); the fair value is what the company's own numbers justify (176.22 TWD). For Lelon Electronics Corp the two are 42.28 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Lelon Electronics Corp worth?
The market values Lelon Electronics Corp at about 43.7B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 218.50 TWD; our models calculate a fair value of 176.22 TWD per share.
What do the bullish and bearish scenarios say about 2472?
Our models span a range for Lelon Electronics Corp: cautious scenario 116.10 TWD, base 176.22 TWD, optimistic 253.59 TWD per share (as of Sep 24, 2026, price 218.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2472?
Lelon Electronics Corp trades at a price-to-earnings ratio of 25.1 (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 176.22 TWD is built from several models across several years. Other multiples: P/B 4.8, P/S 3.8, EV/EBITDA 13.5.
How solid is the balance sheet of Lelon Electronics Corp (2472)?
Balance-sheet figures for Lelon Electronics Corp (as of Sep 24, 2026): return on equity 14.5%, debt of 0.03 per unit of equity. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is 2472 from its 52-week high?
Lelon Electronics Corp trades at 218.50 TWD, about 52% below its 52-week high of 453.50 TWD and 164% above the low of 82.90 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 176.22 TWD is for.
Which stocks are comparable to Lelon Electronics Corp?
From the same area (Technology) we also value Amphenol Corporation, Delta Electronics, Inc, Corning Incorporated, Hon Hai Precision Industry Co, 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 Lelon Electronics Corp stock attractive at the current price?
The data as of Sep 24, 2026: price 218.50 TWD, calculated fair value 176.22 TWD (−19%), Quality Score 65/100, 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 2472 calculated?
We run Lelon Electronics Corp 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 176.22 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 14.1 % above its aggregate fair value. Lelon Electronics Corp itself currently trades above fair value. 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 Lelon Electronics Corp (2472)?
The closing price on Sep 24, 2026 was 218.50 TWD. Our model-based fair value is 176.22 TWD, about −19% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Lelon Electronics Corp right now?
Solid but not exceptional quality (65/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (116.10 TWD to 253.59 TWD) leaves room in how you read the outcome.
Where does the earnings growth of Lelon Electronics Corp (2472) come from?
Earnings per share at Lelon Electronics Corp grew +9.2 % a year from 2014 to 2025. Broken into its drivers: revenue per share +4.6 %, EBIT margin +5.7 %, tax rate −0.7 %, residual (interest, one-offs) −0.6 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Lelon Electronics Corp
How large is the market capitalisation of Lelon Electronics Corp (2472)?
The market capitalisation of Lelon Electronics Corp is 43.7B TWD (≈ $1.4B). 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 Lelon Electronics Corp (2472)?
The price-to-sales ratio of Lelon Electronics Corp is 3.20 (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 Lelon Electronics Corp (2472)?
Earnings per share at Lelon Electronics Corp are 8.70 TWD (price ÷ EPS = P/E 25.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Lelon Electronics Corp (2472)?
The dividend yield of Lelon Electronics Corp is 1.6% (payout 40.2%). 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 Lelon Electronics Corp (2472)?
The net margin of Lelon Electronics Corp is 12.7% (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 Lelon Electronics Corp (2472)?
The return on equity (ROE) of Lelon Electronics Corp is 14.5% (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 Lelon Electronics Corp (2472)?
On an EBIT basis the return on assets of Lelon Electronics Corp is 12.8% (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 Lelon Electronics Corp (2472)?
The operating margin of Lelon Electronics Corp is 18.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Lelon Electronics Corp (2472)?
Revenue at Lelon Electronics Corp is growing +9.3% versus a year earlier (3y avg +3.0%). 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 Lelon Electronics Corp (2472)?
Earnings per share at Lelon Electronics Corp are growing −4.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Lelon Electronics Corp (2472) hold?
Lelon Electronics Corp holds more cash than debt, 2.3B TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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