Elite Advanced Laser Corp (3450) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Elite Advanced Laser Corp TWD 83.31, price TWD 513, upside -83.8%, quality 43 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Structural break:
The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
Weakest SetupStrongly overvalued and low quality.
!Fair value 83.31 TWD · Strongly overvalued (−84%)
!Quality 43/100
!Expensive Growth(revenue 5y +6.7 %/yr)
!Thin margins · 6.2% net margin (TTM)
!Low debt · negative free cash flow
·0.19% dividend yield
!Trails peers(3/13)
!Moderate moat48/100
!Insider activity45/100
!Evidence only low, so the estimate is less certain
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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 33.98 TWD – 646.00 TWD · fair‑value band 58.31 TWD – 108.30 TWD · the 513.00 TWD price screens above the 83.31 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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Elite Advanced Laser Corporation offers electronic manufacturing services in Taiwan. It provides assembly and testing services for optoelectronic, and optical information and communication, as well as for sensors and power amplifiers. The company also offers visible laser diodes.
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Elite Advanced Laser Corporation offers electronic manufacturing services in Taiwan. It provides assembly and testing services for optoelectronic, and optical information and communication, as well as for sensors and power amplifiers. The company also offers visible laser diodes. Elite Advanced Laser Corporation was founded in 2000 and is headquartered in New Taipei City, Taiwan.
Stock analysis
Elite Advanced Laser Corp (3450) currently trades at 513.00 TWD, while our model-based Fair Value estimate is 83.31 TWD, implying the stock looks roughly 515.8% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 140.27 TWD per share, and 0 of the 16 models we run sit above the 513.00 TWD price.
Bear case: the Asset-Based group reads lowest at 23.29 TWD, and 16 of the 16 models stay below the price. Evidence for this calculation is low.
Scenario range: 58.31 TWD (bear) to 108.30 TWD (bull), the price of 513.00 TWD sits above 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 43/100 (below-average quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Elite Advanced Laser Corp reported revenue of 8.6B TWD in FY2025 versus 7.2B TWD in FY2021, a compound +4.5%/yr. Reported net income was 730M TWD in FY2025, compounding +18.4%/yr from FY2021.
Key figures
Market cap 126B TWD (≈ $4.0B) · P/E ratio 153.1 · P/S ratio 13.0 · EPS (TTM) 3.35 TWD · Dividend yield 0.2% · Net margin 8.5% · Return on equity 11.1% · Return on assets (EBIT) 8.4%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 21% below its 52-week high and 141% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at −34% fair-value upside, at −84%, 3450 screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (7.56 TWD to 312.40 TWD). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear 58.31 TWDFair Value 83.31 TWDBull 108.30 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 (1.72 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.35/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+13.4%
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.
+8.2%
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.
+6.7%
Start year 2020 (pandemic). Over 10 years: +1.9% a year
Revenue growth 21 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.
+9.5%
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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.
+3.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+3.2%
Dividend (yield on the price)0.2%
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.3% vs −9%, 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.13% → 19%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 2.0%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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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.Semiconductor Equipment & Materials · 218 stocks
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Elite Advanced Laser Corp (3450) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 83.31 TWD versus a price of 513.00 TWD, about −84% upside (overvalued).
What is the fair value of 3450?
Our model-based fair value for Elite Advanced Laser Corp is 83.31 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 513.00 TWD.
What is the quality score of 3450?
Elite Advanced Laser Corp has a Quality Score of 43/100. 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 Elite Advanced Laser Corp (3450)?
Our model-based price target is the fair value of 83.31 TWD (as of Sep 24, 2026) from 16 valuation models. Cautious scenario 58.31 TWD, optimistic scenario 108.30 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Elite Advanced Laser Corp stock forecast for 2026?
Our models put fair value at 83.31 TWD, about −84% upside versus a price of 513.00 TWD (overvalued). Cautious scenario 58.31 TWD, optimistic scenario 108.30 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Elite Advanced Laser Corp (3450)?
Elite Advanced Laser Corp reported trailing-twelve-month revenue of about 7.9B TWD (latest available figure, as of Sep 24, 2026).
Does Elite Advanced Laser Corp pay a dividend?
Elite Advanced Laser Corp currently shows a dividend yield of about 0.19% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Elite Advanced Laser Corp (3450)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Elite Advanced Laser Corp it is 83.31 TWD per share (as of Sep 24, 2026), against a price of 513.00 TWD. It is the blended result of 16 valuation models (cash flow, earnings, asset, dividend).
Is Elite Advanced Laser Corp stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 3450 trades above its calculated fair value: price 513.00 TWD, fair value 83.31 TWD, a gap of about −84% (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 3450?
No. The price is what the market pays today (513.00 TWD); the fair value is what the company's own numbers justify (83.31 TWD). For Elite Advanced Laser Corp the two are 429.69 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Elite Advanced Laser Corp worth?
The market values Elite Advanced Laser Corp at about 126B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 513.00 TWD; our models calculate a fair value of 83.31 TWD per share.
What do the bullish and bearish scenarios say about 3450?
Our models span a range for Elite Advanced Laser Corp: cautious scenario 58.31 TWD, base 83.31 TWD, optimistic 108.30 TWD per share (as of Sep 24, 2026, price 513.00 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3450?
Elite Advanced Laser Corp trades at a price-to-earnings ratio of 153.1 (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 83.31 TWD is built from several models across several years. Other multiples: P/B 24.9, P/S 16.0, EV/EBITDA 61.9.
How solid is the balance sheet of Elite Advanced Laser Corp (3450)?
Balance-sheet figures for Elite Advanced Laser Corp (as of Sep 24, 2026): return on equity 11.1%, debt of 0.17 per unit of equity. They feed the Quality Score of 43/100, which measures business quality independently of the share price.
How far is 3450 from its 52-week high?
Elite Advanced Laser Corp trades at 513.00 TWD, about 21% below its 52-week high of 646.00 TWD and 141% above the low of 212.50 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 83.31 TWD is for.
Which stocks are comparable to Elite Advanced Laser Corp?
From the same area (Technology) we also value ASML Holding, Applied Materials, Inc, Lam Research Corporation, KLA Corporation, 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 Elite Advanced Laser Corp stock attractive at the current price?
The data as of Sep 24, 2026: price 513.00 TWD, calculated fair value 83.31 TWD (−84%), Quality Score 43/100, from 16 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 3450 calculated?
We run Elite Advanced Laser Corp through 16 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 83.31 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. Elite Advanced Laser 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 Elite Advanced Laser Corp (3450)?
The closing price on Sep 24, 2026 was 513.00 TWD. Our model-based fair value is 83.31 TWD, about −84% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Elite Advanced Laser Corp right now?
The price sits above even our optimistic bull case (108.30 TWD). The favourable scenario is already priced in. Weak quality (43/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (58.31 TWD to 108.30 TWD) leaves room in how you read the outcome.
Where does the earnings growth of Elite Advanced Laser Corp (3450) come from?
Earnings per share at Elite Advanced Laser Corp grew −7.6 % a year from 2014 to 2025. Broken into its drivers: revenue per share −2.0 %, EBIT margin −1.9 %, tax rate −1.2 %, residual (interest, one-offs) −2.7 %. 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 Elite Advanced Laser Corp
How large is the market capitalisation of Elite Advanced Laser Corp (3450)?
The market capitalisation of Elite Advanced Laser Corp is 126B TWD (≈ $4.0B). 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 Elite Advanced Laser Corp (3450)?
The price-to-sales ratio of Elite Advanced Laser Corp is 13.0 (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 Elite Advanced Laser Corp (3450)?
Earnings per share at Elite Advanced Laser Corp are 3.35 TWD (price ÷ EPS = P/E 153.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Elite Advanced Laser Corp (3450)?
The dividend yield of Elite Advanced Laser Corp is 0.2% (payout 29.9%). 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 Elite Advanced Laser Corp (3450)?
The net margin of Elite Advanced Laser Corp is 8.5% (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 Elite Advanced Laser Corp (3450)?
The return on equity (ROE) of Elite Advanced Laser Corp is 11.1% (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 Elite Advanced Laser Corp (3450)?
On an EBIT basis the return on assets of Elite Advanced Laser Corp is 8.4% (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 Elite Advanced Laser Corp (3450)?
The operating margin of Elite Advanced Laser Corp is 12.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Elite Advanced Laser Corp (3450)?
Revenue at Elite Advanced Laser Corp is growing −24.3% versus a year earlier (3y avg +8.2%). 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 Elite Advanced Laser Corp (3450)?
Earnings per share at Elite Advanced Laser Corp are growing −70.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Elite Advanced Laser Corp (3450) generate?
The free cash flow of Elite Advanced Laser Corp is −299M TWD (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Elite Advanced Laser Corp (3450) hold?
Elite Advanced Laser Corp holds more cash than debt, 1.3B TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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