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Level Biotechnology Inc (3118) Fair Value & Analysis

Healthcare · TW · Market cap 1.0B TWD

LB Level Biotechnology Inc 3118 · TWO
Price32.00 TWD
Fair Value32.95 TWD
Upside+3.0%
Quality66/100
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Weak Growth
Solidly profitable · 10.7% net margin
generates free cash flow
6.93% dividend yield
Ranks above peers (11/13)
Moderate moat 52/100
Evidence: High Range 25.25 TWD – 45.93 TWD Share as image

Fair value as of: Jul 21, 2026

From 22 valuation models · updated 20 days ago

Share price +0.9% over the past month.

A solid business, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (25.25 TWD to 45.93 TWD) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

37.15 TWD 23.57 TWD Fair Value 32.95 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 23.57 TWD – 37.15 TWD · fair‑value band 25.25 TWD – 45.93 TWD · the 32.00 TWD price screens below the 32.95 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

Level Biotechnology Inc (3118) currently trades at 32.00 TWD, while our model-based Fair Value estimate is 32.95 TWD, implying the stock looks roughly 3.0% fairly valued today. The Quality Score stands at 66/100 (solid quality), in the Healthcare 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, Level Biotechnology Inc generated revenue of 719M TWD at a net margin of 10.7%. Revenue declined 10.2% year over year. It earns a return on equity of 13.1%. The balance sheet holds a net cash position of 454M TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 25.25 TWD (bear case) to 45.93 TWD (bull case); at 32.00 TWD, the current price sits within 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 8% below its 52-week high and 4% above its 52-week low, currently below its 200-day average. For context, the median of 10 Healthcare peers we cover trades at -43% fair-value upside, at 3%, 3118 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
Residual Income 16.28 TWD 19.17 TWD 35.82 TWD 76
Growth DCF 13.77 TWD 15.79 TWD 18.38 TWD 72
Growth-Adj P/E 29.19 TWD 41.70 TWD 54.21 TWD 68
All 22 models by family
DCF Models
FCF DCF 13.62 TWD 15.77 TWD 18.70 TWD 38
Owner Earnings 24.88 TWD 30.45 TWD 37.99 TWD 31
5Y Revenue Exit 22.05 TWD 31.44 TWD 43.62 TWD 39
5Y EBITDA Exit 26.64 TWD 39.40 TWD 54.33 TWD 41
5Y P/E Exit 29.76 TWD 44.80 TWD 60.46 TWD 38
10Y Revenue Exit 17.78 TWD 24.93 TWD 33.59 TWD 36
10Y EBITDA Exit 20.93 TWD 29.78 TWD 40.42 TWD 37
10Y P/E Exit 22.69 TWD 33.07 TWD 44.33 TWD 35
Earnings-Based
Graham-Dodd 16.70 TWD 32.90 TWD 41.22 TWD 54
EPV 23.19 TWD 25.47 TWD 27.36 TWD 59
Multiples
P/E Multiple 40.52 TWD 54.03 TWD 67.54 TWD 63
P/S Multiple 31.31 TWD 41.75 TWD 52.19 TWD 58
P/B Multiple 31.31 TWD 41.75 TWD 52.19 TWD 55
EV/EBIT 39.29 TWD 50.23 TWD 61.17 TWD 53
EV/EBITDA 40.77 TWD 52.20 TWD 63.63 TWD 54
EV/Revenue 29.90 TWD 39.94 TWD 49.97 TWD 43
Asset-Based
NCAV (Graham) 8.94 TWD 11.98 TWD 17.88 TWD 50
Growth DCF
Growth DCF 13.77 TWD 15.79 TWD 18.38 TWD 72
Rev-Margin DCF 22.05 TWD 31.47 TWD 41.70 TWD 67
Economic Profit
Residual Income 16.28 TWD 19.17 TWD 35.82 TWD 76
ROIC Compounder 23.52 TWD 26.37 TWD 29.16 TWD 67
Growth Earnings
Growth-Adj P/E 29.19 TWD 41.70 TWD 54.21 TWD 68

Widest divergence: Multiples (41.75 TWD) versus Asset-Based (11.98 TWD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 719M TWD
Revenue growth (YoY) -10.2%
Net margin 10.7%
Return on equity 13.1%
Free cash flow 26.9M TWD FY2025
P/E ratio 12.8
More key figures
Operating margin 12.5%
EPS (TTM) 2.44 TWD
Dividend yield 7.1%
EPS growth (YoY) -13.1%
Net cash 454M TWD FY2023

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

Quality Score breakdown

Overall quality 66/100

Of which business quality 64 · Market factors (momentum, volatility) 54

Profitability 56
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 25
Earnings quality: real cash, not paper profit
Fin. Strength 96
Balance sheet, leverage, solvency risk
Investment 88
Disciplined investing over empire-building
Low Volatility 100
Calm price path (market factor)
Momentum 36
Price trend over the last 3–12 months (market factor)
52W Momentum 31
Distance to the 52-week high (market factor)
Net Issuance 83
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

Level Biotechnology Inc. engages in marketing and distributing cell culture, immunology, and molecular biology products in Taiwan. The company markets and distributes biomedical precision equipment. It also provides services in the areas of mammalian and genetic toxicology, pharmacology, biocompatibility, and model animal production.

Full company description

Level Biotechnology Inc. engages in marketing and distributing cell culture, immunology, and molecular biology products in Taiwan. The company markets and distributes biomedical precision equipment. It also provides services in the areas of mammalian and genetic toxicology, pharmacology, biocompatibility, and model animal production. In addition, it offers preclinical research services to the biotech, pharmaceutical, medical device, animal health, and agrichemical industries. The company was founded in 1989 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

Level Biotechnology Inc reported revenue of 737M TWD in FY2025 versus 677M TWD in FY2021, a compound +2.1%/yr. Reported net income was 79.7M TWD in FY2025, compounding +4.0%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
737M TWD
Latest YoY
+0.7%
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.
+7.5%
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.
+1.8%
Avg. growth/yr (8Y) 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.
+3.1%
Revenue +2.1%/yr
FY21 677M TWD
FY22 593M TWD
FY23 661M TWD
FY24 731M TWD
FY25 737M TWD
Net income +4.0%/yr
FY21 68.2M TWD
FY22 58.5M TWD
FY23 62.9M TWD
FY24 64.8M TWD
FY25 79.7M TWD

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Cite: Fair Value Calculator (2026). "Level Biotechnology Inc Fair Value". https://www.fairvalue-calculator.com/stock/3118

Peer Group

Biotechnology · 601 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 66 · Top 25%
Fair Value upside +3% · Top 25%
Return on equity (TTM) 13% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 11% · Top 25%
Operating margin (TTM) 13% · Above median
Revenue growth -10% · Below median
Dividend yield (TTM) 6.9% · Top 25%

Valuation Multiples vs Biotechnology median · lower = cheaper

P/E (TTM) 13.1× · Cheaper than median
P/B 1.79× · Pricier than median
P/S (TTM) 1.44× · Cheaper than 75% of peers
P/FCF 1.2× · Cheaper than median
EV/EBITDA 7.8× · Cheaper than 75% of peers

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.

VALUE 37 · sector 0
FUTURE 0 · sector 0
PAST 52 · sector 0
HEALTH 0 · sector 98
DIVIDEND 100 · sector 23

Insider activity: 40/100

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 Biotechnology stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Vertex Pharmaceuticals Incorporated VRTX $486.03 $278.78 -43%
Regeneron Pharmaceuticals, Inc REGN $664.45 $594.40 -11%
Samsung Biologics Co 207940 1,368,000 KRW 1,091,384 KRW -20%
Celltrion, Inc 068270 175,800 KRW 76,325 KRW -57%
WuXi Biologics (Cayman) Inc 2269 HK$39.54 HK$30.42 -23%
Innovent Biologics, Inc 1801 HK$86.70 HK$19.66 -77%
Sino Biopharmaceutical Limited 1177 HK$5.26 HK$3.36 -36%
ALTEOGEN Inc 196170 276,500 KRW 44,444 KRW -84%
RemeGen Co 688331 ¥134.02 ¥26.99 -80%
Biocon Limited BIOCON ₹440.70 ₹57.36 -87%

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Frequently asked questions

Is Level Biotechnology Inc (3118) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 32.95 TWD versus a price of 32.00 TWD, about +3% (fairly valued).
What is the fair value of 3118?
Our model-based fair value for Level Biotechnology Inc is 32.95 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 32.00 TWD.
What is the quality score of 3118?
Level Biotechnology Inc has a Quality Score of 66/100. 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 Level Biotechnology Inc (3118)?
Level Biotechnology Inc reported trailing-twelve-month revenue of about 719M TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 3118?
The net profit margin of Level Biotechnology Inc is about 10.7%, meaning it keeps roughly 10.7% of revenue as net income. Based on the latest reported figures.
Does Level Biotechnology Inc pay a dividend?
Level Biotechnology Inc currently shows a dividend yield of about 7.11% relative to its recent price (as of Jul 21, 2026).

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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