Laster Tech Corp Ltd (3346) fair value: what the stock is really worth
As of Oct 20, 2026: fair value (intrinsic value) of Laster Tech Corp Ltd stock TWD 24.98, price TWD 21.35, upside +17.0%, quality 42 out of 100. Rating: undervalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 2, 2026.
How to read this chart
60‑month range 15.30 TWD – 50.33 TWD · fair‑value band 18.00 TWD – 29.42 TWD · the 21.35 TWD price screens below the 24.98 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 2, 2026.
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Laster Tech Co., Ltd. manufactures and sells LED chips and components in Taiwan, China, and Thailand.
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The company offers automotive lighting products, including tail lights, brake lights, fog lights, turn signals, side markers, and day time running lamps; inline module inspection equipment; industrial, indoor, outdoor, and landscape lighting products; and chip products, such as Lumileds LED chips.
It also engages in the assembly and sale of LED automotive lighting and LED lighting fixtures-related products; and investment business. The company was founded in 1999 and is headquartered in New Taipei City, Taiwan.
Stock analysis
Laster Tech Corp Ltd (3346) currently trades at 21.35 TWD, while our model-based Fair Value estimate is 24.98 TWD, implying the stock looks roughly 14.5% undervalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of 16.07 TWD per share, and 7 of the 22 models we run sit above the 21.35 TWD price.
Bear case: the Growth Earnings group reads lowest at 2.61 TWD, and 15 of the 22 models stay below the price. Data coverage for this calculation is low.
Scenario range: 18.00 TWD (bear) to 29.42 TWD (bull), the price of 21.35 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 42/100 (below-average quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Laster Tech Corp Ltd reported revenue of 8.5B TWD in FY2025 versus 5.7B TWD in FY2021, a compound +10.8%/yr. Reported net income was 13.2M TWD in FY2025, compounding −39.2%/yr from FY2021.
Key figures
Market cap 2.6B TWD (≈ $78.7M) Micro · P/E ratio 190.5 · P/S ratio 0.29 · EPS (TTM) −0.1100 TWD · Dividend yield 0.5% · Net margin −0.2% · Return on equity −0.4% · Return on assets (EBIT) 2.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 18 out of 100 (medium confidence).
What moves the price
The share trades about 27% below its 52-week high and 40% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −63% fair-value upside, at 17%, 3346 screens cheaper than that median.
Fair Value models
Bear18.00 TWDFair Value 24.98 TWDBull29.42 TWD
Price 21.35 TWD · Upside +17.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.79/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
−8.5%
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.
+8.9%
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.
+14.5%
Start year 2020 (pandemic). Over 10 years: +12.0% a year
Revenue growth 14 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.
+16.3%
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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.
−8.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−8.6%
Dividend (yield on the price)0.5%
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.−8.6% vs −22.3%, 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.3% → 0%
Pace: the 5-year rate starts in 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).
+21.2%
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 +19.3% 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.Semiconductors · 351 stocks
Beats the industry median on 4/13 measures
Overall it trails its industry peers.
Valuation
Quality Score42 · Bottom 25%
Fair Value upside+17.0% · Top 25%
Profitability
Return on assets0.1% · Below median
Net margin (12 months)−0.2% · Bottom 25%
Operating margin (12 months)−3.1% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−15.4% · Bottom 25%
Dividend yield (12 months)0.5% · Below median
Balance sheet
Debt / equity0.53× · Highest 25%
Valuation Multiplesvs Semiconductors median · lower = cheaper
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Is Laster Tech Corp Ltd (3346) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of 24.98 TWD versus a price of 21.35 TWD, about +17% upside (undervalued).
What is the fair value of 3346?
Our model-based fair value for Laster Tech Corp Ltd is 24.98 TWD (as of Oct 2, 2026), built from audited fundamentals. The current price: 21.35 TWD.
What is the quality score of 3346?
Laster Tech Corp Ltd has a Quality Score of 42/100. 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 Laster Tech Corp Ltd (3346)?
Our model-based price target is the fair value of 24.98 TWD (as of Oct 2, 2026) from 22 valuation models. Cautious scenario 18.00 TWD, optimistic scenario 29.42 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Laster Tech Corp Ltd stock forecast for 2026?
Our models put fair value at 24.98 TWD, about +17% upside versus a price of 21.35 TWD (undervalued). Cautious scenario 18.00 TWD, optimistic scenario 29.42 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Laster Tech Corp Ltd (3346)?
Laster Tech Corp Ltd reported trailing-twelve-month revenue of about 7.8B TWD (latest available figure, as of Oct 2, 2026).
Does Laster Tech Corp Ltd pay a dividend?
Laster Tech Corp Ltd currently shows a dividend yield of 0.52% relative to its recent price (as of Oct 2, 2026).
What growth is priced into Laster Tech Corp Ltd (3346)?
For today's price to be fair in a discounted-cash-flow model, Laster Tech Corp Ltd would have to grow free cash flow by +21.2 % per year for five years (discount rate 12.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +14.5 % per year. As of Oct 2, 2026.
What discount rate (WACC) does the fair value of 3346 use?
Our models discount Laster Tech Corp Ltd at 12.8 %: a base by market capitalisation (micro), damped by beta 0.86, 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 Laster Tech Corp Ltd that is +21.2 % per year a year over ten years, using the same discount rate (12.8 %) and the same formula as our fair value.
How much growth has Laster Tech Corp Ltd (3346) delivered so far?
Over the past 5 years revenue at Laster Tech Corp Ltd grew +14.5 % a year. The price currently implies +21.2 % 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 Laster Tech Corp Ltd (3346) growing?
The median revenue growth in the sector is +10.7 % a year. That is the yardstick for the growth priced into Laster Tech Corp Ltd (+21.2 % 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 Laster Tech Corp Ltd (3346)?
The free-cash-flow yield on the price is 5.91 %: that much free cash flow Laster Tech Corp Ltd produces per unit of market value. When it exceeds the discount rate of our models (12.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Laster Tech Corp Ltd (3346)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Laster Tech Corp Ltd it is 24.98 TWD per share (as of Oct 2, 2026), against a price of 21.35 TWD. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is Laster Tech Corp Ltd stock overvalued or undervalued in 2026?
As of Oct 2, 2026, 3346 trades below its calculated fair value: price 21.35 TWD, fair value 24.98 TWD, a gap of about +17% (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 3346?
No. The price is what the market pays today (21.35 TWD); the fair value is what the company's own numbers justify (24.98 TWD). For Laster Tech Corp Ltd the two are 3.63 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Laster Tech Corp Ltd worth?
The market values Laster Tech Corp Ltd at about 2.6B TWD (market capitalisation, as of Oct 2, 2026). Per share that is 21.35 TWD; our models calculate a fair value of 24.98 TWD per share.
What do the bullish and bearish scenarios say about 3346?
Our models span a range for Laster Tech Corp Ltd: cautious scenario 18.00 TWD, base 24.98 TWD, optimistic 29.42 TWD per share (as of Oct 2, 2026, price 21.35 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3346?
Laster Tech Corp Ltd trades at a price-to-earnings ratio of 190.5 (as of Oct 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 24.98 TWD is built from several models across several years. Other multiples: P/B 0.7, P/S 0.3, EV/EBITDA 55.2.
How solid is the balance sheet of Laster Tech Corp Ltd (3346)?
Balance-sheet figures for Laster Tech Corp Ltd (as of Oct 2, 2026): return on equity −0.4%, debt of 0.53 per unit of equity. They feed the Quality Score of 42/100, which measures business quality independently of the share price.
How far is 3346 from its 52-week high?
Laster Tech Corp Ltd trades at 21.35 TWD, about 27% below its 52-week high of 29.30 TWD and 40% above the low of 15.30 TWD (as of Oct 20, 2026). Distance from the high says nothing about value: that is what the fair value of 24.98 TWD is for.
Which stocks are comparable to Laster Tech Corp Ltd?
From the same area (Technology) we also value NVIDIA Corporation, Taiwan Semiconductor Manufacturing Company, Broadcom Inc, Micron Technology, Inc, 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 Laster Tech Corp Ltd stock attractive at the current price?
The data as of Oct 2, 2026: price 21.35 TWD, calculated fair value 24.98 TWD (+17%), Quality Score 42/100, from 22 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 3346 calculated?
We run Laster Tech Corp Ltd through 22 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 24.98 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 13.9 % above its aggregate fair value. Laster Tech Corp Ltd currently trades 15 % 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 Laster Tech Corp Ltd (3346)?
The closing price on Oct 20, 2026 was 21.35 TWD. Our model-based fair value is 24.98 TWD, about +17% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Laster Tech Corp Ltd right now?
Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. The price sits in the lower half of our model range, the side with the larger margin of safety. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Where does the earnings growth of Laster Tech Corp Ltd (3346) come from?
Earnings per share at Laster Tech Corp Ltd grew −2.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share +4.9 %, EBIT margin −8.5 %, tax rate +2.0 %, residual (interest, one-offs) −0.2 %. 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 Laster Tech Corp Ltd
How large is the market capitalisation of Laster Tech Corp Ltd (3346)?
The market capitalisation of Laster Tech Corp Ltd is 2.6B TWD (≈ $78.7M). 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 Laster Tech Corp Ltd (3346)?
The price-to-sales ratio of Laster Tech Corp Ltd is 0.29 (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 Laster Tech Corp Ltd (3346)?
Earnings per share at Laster Tech Corp Ltd are −0.1100 TWD (price ÷ EPS = P/E 190.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Laster Tech Corp Ltd (3346)?
The dividend yield of Laster Tech Corp Ltd is 0.5%. 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 Laster Tech Corp Ltd (3346)?
The net margin of Laster Tech Corp Ltd is −0.2% (last twelve months). 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 Laster Tech Corp Ltd (3346)?
The return on equity (ROE) of Laster Tech Corp Ltd is −0.4% (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 Laster Tech Corp Ltd (3346)?
On an EBIT basis the return on assets of Laster Tech Corp Ltd is 2.1% (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 Laster Tech Corp Ltd (3346)?
The operating margin of Laster Tech Corp Ltd is −3.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Laster Tech Corp Ltd (3346)?
Revenue at Laster Tech Corp Ltd is growing −15.4% versus a year earlier (3y avg +8.9%). 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 Laster Tech Corp Ltd (3346)?
Earnings per share at Laster Tech Corp Ltd are growing +28.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Laster Tech Corp Ltd (3346) carry?
The net debt of Laster Tech Corp Ltd is 2.4B TWD (fiscal year 2025, ≈ 16.2 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Oct 2, 2026