E-Lead Electronic Co Ltd (2497) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of E-Lead Electronic Co Ltd TWD 48.28, price TWD 43.80, upside +10.2%, quality 72 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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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 25.27 TWD – 115.77 TWD · fair‑value band 36.21 TWD – 60.35 TWD · the 43.80 TWD price screens below the 48.28 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 24, 2026.
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E-Lead Electronic Co., Ltd. designs and manufactures electronics devices for automotive industry in Taiwan and internationally.
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E-Lead Electronic Co., Ltd. designs and manufactures electronics devices for automotive industry in Taiwan and internationally. The company provides HUD heads-up display, passenger HUD, windshield HUD, combined HUD, windshield reflection HUD, virtual intelligent holographic assistant, and digital dashboard; driving safety protection products comprising driving assistance system, 2D/3D AVM, anti-collision millimeter, car air purifier, front and rear footage, and blind spot detection products. It also offers USB dual charger, electronic rearview mirror driving recorder, digital virtual 3D rearview mirror. In addition, the company provides LCD touch screen and smartphone linked video player. E-Lead Electronic Co., Ltd. was founded in 1983 and is based in Changhua, Taiwan.
Stock analysis
E-Lead Electronic Co Ltd (2497) currently trades at 43.80 TWD, while our model-based Fair Value estimate is 48.28 TWD, implying the stock looks roughly 9.3% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 64.13 TWD per share, and 14 of the 24 models we run sit above the 43.80 TWD price.
Bear case: the Asset-Based group reads lowest at 12.06 TWD, and 10 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: 36.21 TWD (bear) to 60.35 TWD (bull), the price of 43.80 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 72/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
E-Lead Electronic Co Ltd reported revenue of 4.5B TWD in FY2025 versus 2.5B TWD in FY2021, a compound +15.9%/yr. Reported net income was 287M TWD in FY2025, compounding +31.3%/yr from FY2021.
Key figures
Market cap 7.1B TWD (≈ $224M) · P/E ratio 18.6 · P/S ratio 1.19 · EPS (TTM) 2.36 TWD · Dividend yield 4.6% · Net margin 6.4% · Return on equity 10.3% · Return on assets (EBIT) 7.8%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 34% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −19% fair-value upside, at 10%, 2497 screens cheaper than that median.
Fair Value models
Bear 36.21 TWDFair Value 48.28 TWDBull 60.35 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 (0.2643 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.80/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−3.4%
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.
+7.8%
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.
+22.3%
Start year 2020 (pandemic). Over 10 years: +3.0% 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.
+6.8%
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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.
+46.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+42.2%
Dividend (yield on the price)4.6%
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.42% vs 3%, picking up
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.−6% → 10%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less 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).
−4.6%
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 −6.1% a year for the price.
Compare E-Lead Electronic Co Ltd with another stock
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.Auto Parts · 692 stocks
Beats the industry median on 12/15 measures
Overall it ranks above its industry peers.
Valuation
Quality Score72 · Top 25%
Fair Value upside+10% · Above median
Profitability
Return on equity (TTM)10% · Above median
Return on assets5% · Top 25%
Net margin (TTM)7% · Above median
Operating margin (TTM)8% · Above median
Growth and dividend
Revenue growth5% · Above median
Dividend yield (TTM)4.6% · Top 25%
Balance sheet
Debt / equity0.06× · Below median
Valuation Multiplesvs Auto Parts median · lower = cheaper
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Cite: Fair Value Calculator (2026). "E-Lead Electronic Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/2497
Frequently asked questions
Is E-Lead Electronic Co Ltd (2497) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 48.28 TWD versus a price of 43.80 TWD, about +10% upside (undervalued).
What is the fair value of 2497?
Our model-based fair value for E-Lead Electronic Co Ltd is 48.28 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 43.80 TWD.
What is the quality score of 2497?
E-Lead Electronic Co Ltd has a Quality Score of 72/100. 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 E-Lead Electronic Co Ltd (2497)?
Our model-based price target is the fair value of 48.28 TWD (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 36.21 TWD, optimistic scenario 60.35 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the E-Lead Electronic Co Ltd stock forecast for 2026?
Our models put fair value at 48.28 TWD, about +10% upside versus a price of 43.80 TWD (undervalued). Cautious scenario 36.21 TWD, optimistic scenario 60.35 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of E-Lead Electronic Co Ltd (2497)?
E-Lead Electronic Co Ltd reported trailing-twelve-month revenue of about 4.5B TWD (latest available figure, as of Sep 24, 2026).
Does E-Lead Electronic Co Ltd pay a dividend?
E-Lead Electronic Co Ltd currently shows a dividend yield of about 4.57% relative to its recent price (as of Sep 24, 2026).
What growth is priced into E-Lead Electronic Co Ltd (2497)?
For today's price to be fair in a discounted-cash-flow model, E-Lead Electronic Co Ltd would have to grow free cash flow by -4.6 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +22.3 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 2497 use?
Our models discount E-Lead Electronic Co Ltd at 11.8 %: a base by market capitalisation (micro), damped by beta 0.48, 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 E-Lead Electronic Co Ltd that is -4.6 % per year a year over ten years, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has E-Lead Electronic Co Ltd (2497) delivered so far?
Over the past 5 years revenue at E-Lead Electronic Co Ltd grew +22.3 % a year. The price currently implies -4.6 % 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 E-Lead Electronic Co Ltd (2497) growing?
The median revenue growth in the sector is +2.6 % a year. That is the yardstick for the growth priced into E-Lead Electronic Co Ltd (-4.6 % 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 E-Lead Electronic Co Ltd (2497)?
The free-cash-flow yield on the price is 13.43 %: that much free cash flow E-Lead Electronic Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of E-Lead Electronic Co Ltd (2497)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For E-Lead Electronic Co Ltd it is 48.28 TWD per share (as of Sep 24, 2026), against a price of 43.80 TWD. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is E-Lead Electronic Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 2497 trades below its calculated fair value: price 43.80 TWD, fair value 48.28 TWD, a gap of about +10% (undervalued). 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 2497?
No. The price is what the market pays today (43.80 TWD); the fair value is what the company's own numbers justify (48.28 TWD). For E-Lead Electronic Co Ltd the two are 4.48 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is E-Lead Electronic Co Ltd worth?
The market values E-Lead Electronic Co Ltd at about 7.1B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 43.80 TWD; our models calculate a fair value of 48.28 TWD per share.
What do the bullish and bearish scenarios say about 2497?
Our models span a range for E-Lead Electronic Co Ltd: cautious scenario 36.21 TWD, base 48.28 TWD, optimistic 60.35 TWD per share (as of Sep 24, 2026, price 43.80 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 2497?
E-Lead Electronic Co Ltd trades at a price-to-earnings ratio of 18.6 (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 48.28 TWD is built from several models across several years. Other multiples: PEG 0.8, P/B 3.0, P/S 1.6, EV/EBITDA 10.5.
What is the PEG ratio of 2497?
The PEG ratio of E-Lead Electronic Co Ltd is 0.84 (P/E divided by earnings growth, as of Sep 24, 2026). That is below 1, so growth is priced more cheaply than the earnings multiple alone suggests.
How solid is the balance sheet of E-Lead Electronic Co Ltd (2497)?
Balance-sheet figures for E-Lead Electronic Co Ltd (as of Sep 24, 2026): return on equity 10.3%, debt of 0.06 per unit of equity. They feed the Quality Score of 72/100, which measures business quality independently of the share price.
How far is 2497 from its 52-week high?
E-Lead Electronic Co Ltd trades at 43.80 TWD, about 34% below its 52-week high of 66.80 TWD and 9% above the low of 40.35 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 48.28 TWD is for.
Which stocks are comparable to E-Lead Electronic Co Ltd?
From the same area (Consumer Cyclical) we also value O'Reilly Automotive, Inc, AutoZone, Inc, Hyundai Mobis Co, Fuyao Glass Industry Group, 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 E-Lead Electronic Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 43.80 TWD, calculated fair value 48.28 TWD (+10%), Quality Score 72/100, from 24 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 2497 calculated?
We run E-Lead Electronic Co Ltd through 24 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 48.28 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 14.0 % above its aggregate fair value. E-Lead Electronic Co Ltd currently trades 10 % below its own fair value, and the market average says nothing about that. 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 E-Lead Electronic Co Ltd (2497)?
The closing price on Sep 24, 2026 was 43.80 TWD. Our model-based fair value is 48.28 TWD, about +10% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with E-Lead Electronic Co Ltd right now?
The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of E-Lead Electronic Co Ltd (2497) come from?
Earnings per share at E-Lead Electronic Co Ltd grew +1.4 % a year from 2014 to 2025. Broken into its drivers: revenue per share +2.7 %, EBIT margin +1.1 %, tax rate +0.0 %, residual (interest, one-offs) −2.3 %. 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 E-Lead Electronic Co Ltd
How large is the market capitalisation of E-Lead Electronic Co Ltd (2497)?
The market capitalisation of E-Lead Electronic Co Ltd is 7.1B TWD (≈ $224M). 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 E-Lead Electronic Co Ltd (2497)?
The price-to-sales ratio of E-Lead Electronic Co Ltd is 1.19 (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 E-Lead Electronic Co Ltd (2497)?
Earnings per share at E-Lead Electronic Co Ltd are 2.36 TWD (price ÷ EPS = P/E 18.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of E-Lead Electronic Co Ltd (2497)?
The dividend yield of E-Lead Electronic Co Ltd is 4.6% (payout 84.7%). 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 E-Lead Electronic Co Ltd (2497)?
The net margin of E-Lead Electronic Co Ltd is 6.4% (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 E-Lead Electronic Co Ltd (2497)?
The return on equity (ROE) of E-Lead Electronic Co Ltd is 10.3% (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 E-Lead Electronic Co Ltd (2497)?
On an EBIT basis the return on assets of E-Lead Electronic Co Ltd is 7.8% (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 E-Lead Electronic Co Ltd (2497)?
The operating margin of E-Lead Electronic Co Ltd is 8.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at E-Lead Electronic Co Ltd (2497)?
Revenue at E-Lead Electronic Co Ltd is growing +5.1% versus a year earlier (3y avg +7.8%). 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 E-Lead Electronic Co Ltd (2497)?
Earnings per share at E-Lead Electronic Co Ltd are growing +9.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does E-Lead Electronic Co Ltd (2497) hold?
E-Lead Electronic Co Ltd holds more cash than debt, 19.7M TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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