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Globalsat Worldcom (3499) fair value: what the stock is really worth

As of Nov 6, 2026: fair value (intrinsic value) of Globalsat Worldcom stock TWD 7.28, price TWD 11.50, that is 36.7% below the price, quality 51 out of 100. Rating: strongly overvalued. Calculated from audited financials with 7 of our 26 valuation models and 37 quality factors, updated daily.

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Technology TW · ISIN TW0003499000

GW Globalsat Worldcom logo Thin data Nov 3, 2026

Globalsat Worldcom

3499 · TWO
Very expensive, in a downtrend

Our calculation puts a fair price 37% below what the stock costs today.

Low debt
Generates free cash flow
Quality 51/100
Revenue last quarter 11% below a year ago.
Fair value 7.28 TWD · Strongly overvalued
Weak Growth (revenue 5y −3.0 %/yr in TWD)
Loss-making · -21.8% net margin (TTM)
Trails peers (3/11)
Narrow moat 12/100
Thin data
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What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

27.80 TWD 11.50 TWD Fair Value 7.28 TWD Jun 2021 Nov 2026

White line = price, green steps = our fair value per fiscal year. As of Nov 3, 2026.

How to read this chart

60‑month range 11.50 TWD – 27.80 TWD · fair‑value band 6.31 TWD – 8.86 TWD · the 11.50 TWD price screens above the 7.28 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 3, 2026.

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Company profile

GlobalSat WorldCom Corporation, together with its subsidiaries, manufactures and sells GPS receivers and module makers in America, Asia, Europe, and internationally.

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The company offers GPS/Bluetooth wearable sports devices; satellite trackers; drone and autopilot products; tracking devices, including animal, asset, personal, and vehicle trackers; and support products.

It also provides IoT/M2M products comprising 4G LTE GPS, LoRaWAN devices, NB-loT, LoRa M.O.S.T., and Amazon Sidewalk; mmWave products; ATEX/IECEx compliance products, including LoRaWAN; lighting products consisting of NB-IoT, LoraWAN, and RS-485; and accessories, which include GPS modules, GNSS modules, GPS and GNSS receivers, GPS data loggers, and other products.

In addition, the company engages in the sale and repair of satellite positioning products, and Bluetooth wireless and mobile communication products; general investment; manufacture of operating automobile information systems, navigation systems for automotive electronic devices, GPS navigation products, electronic components, and related parts and accessories, as well as multi-layer printed circuit boards and electronic material plug-ins; and rental of properties.

Its products are used in NTN/satellite tracking; lone worker/hazard environment security; grazing/animal/pet tracking; fleet and asset management; automobile usage-based insurance; smart city IoT/M2M application; dual band GNSS and RTK; daily care and activity record; personal care and security; and ATEX/ IECEx compliance applications.

GlobalSat WorldCom Corporation was founded in 2000 and is headquartered in New Taipei City, Taiwan.

Stock analysis

Globalsat Worldcom (3499) currently trades at 11.50 TWD, while our model-based Fair Value estimate is 7.28 TWD, 37% below the price, so the stock looks overvalued today.

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Valuation

Bull case: the Growth DCF group reads highest at a median of 7.70 TWD per share, and 0 of the 7 models we run sit above the 11.50 TWD price.

Bear case: the Asset-Based group reads lowest at 3.01 TWD, and 7 of the 7 models stay below the price. Data coverage for this calculation is low.

Scenario range: 6.31 TWD (bear) to 8.86 TWD (bull), the price of 11.50 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 51/100 (solid quality), in the Technology sector.

Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.

Globalsat Worldcom reported revenue of 358M TWD in FY2025 versus 438M TWD in FY2021, a compound −4.9%/yr. Reported net income was −71.6M TWD in FY2025.

Key figures

Market cap 632M TWD (≈ $19.3M) Micro · P/S ratio 2.07 · EPS (TTM) −1.27 TWD · Net margin −21.8% · Return on equity −15.6% · Return on assets (EBIT) −3.3% (5-year average) · Operating margin −20.6% · Revenue (TTM) 322M TWD.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 12 out of 100 (medium confidence).

What moves the price

The share trades about 46% below its 52-week high and at its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −45% fair-value upside, at −37%, 3499 screens cheaper than that median.

Fair Value models

Bear 6.31 TWD Fair Value 7.28 TWD Bull 8.86 TWD
Price 11.50 TWD · Downside -36.7%
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.
Best data coverage
FCF DCF 6.71 TWD 7.92 TWD 10.16 TWD 82
Growth DCF 6.86 TWD 8.03 TWD 10.03 TWD 80
5Y Revenue Exit 6.20 TWD 7.28 TWD 8.86 TWD 74
All 7 models by family
DCF Models
FCF DCF 6.71 TWD 7.92 TWD 10.16 TWD 82
5Y Revenue Exit 6.20 TWD 7.28 TWD 8.86 TWD 74
10Y Revenue Exit 6.31 TWD 7.14 TWD 8.02 TWD 68
Multiples
EV/Revenue 3.09 TWD 4.14 TWD 5.18 TWD 54
Asset-Based
NCAV (Graham) 1.99 TWD 3.01 TWD 3.76 TWD 55
Growth DCF
Growth DCF 6.86 TWD 8.03 TWD 10.03 TWD 80
Rev-Margin DCF 6.20 TWD 7.36 TWD 8.79 TWD 74

Open the full fair value analysis →

Quality Score breakdown

Overall quality 51/100

It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.

Profitability 11
How much profit the company makes from its sales and capital
Quality Growth 15
Are margins and returns getting better?
Cashflow 38
Do the profits arrive as real cash?
Financial strength 88
Debt, balance sheet and risk of trouble
Investment 100
Does it invest with discipline instead of growing at any price?
Low Volatility 65
How calm the share price moves, does not count
Price momentum 20
Price momentum of the last 3 to 12 months, does not count
Near the 52-week high 3
Distance to the 52-week high, does not count
New shares 82
Buys back shares or issues new ones?

Open the full quality analysis →

Revenue & earnings trend

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. 18/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−18.3%
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.
−3.0%
Start year 2020 (pandemic)
Revenue growth 8 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.
−6.2%
Profit margin (trend) ⓘ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.
−8.6% (2020) → −16.4% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2025 is a loss year, no rate is defined from a loss
not computed

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).
+11.4%
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 +9.7% a year for the price.

3499 screens overvalued: fair value 37% below the price. Compare with Keysight Technologies, Inc →

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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.Scientific & Technical Instruments · 160 stocks

Beats the industry median on 2/9 measures
Overall it trails its industry peers.
Valuation
Quality Score 51 · Below median
Fair Value upside −36.7% · Below median
Profitability
Return on assets −10.6% · Bottom 25%
Net margin (12 months) −21.8% · Bottom 25%
Operating margin (12 months) −20.6% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY) −11.4% · Bottom 25%

Valuation Multiplesvs Scientific & Technical Instruments median · lower = cheaper

P/B 1.35× · Cheapest 25%
P/S (12 months) 1.96× · Cheaper than median
Price / free cash flow (fiscal year) 42.9× · Pricier than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)0 · sector 47
PAST (return on equity)0 · sector 24
HEALTH (low debt)100 · sector 99
DIVIDEND (yield)0 · sector 20

VALUE 0: the price sits above our fair-value range.

Context: sector, industry, market

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

Similar stocks

10 more Scientific & Technical Instruments stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value Compare
Garmin Ltd GRMN $285.57 $314.13 +10% vs 3499
Teledyne Technologies Incorporated TDY $618.60 $680.46 +10% vs 3499
MKS Inc MKSI $192.27 $199.16 +4% vs 3499
Cognex Corporation CGNX $47.78 $38.10 −20% vs 3499
Fortive Corporation FTV $65.37 $35.67 −45% vs 3499
Trimble Inc TRMB $54.11 $29.48 −46% vs 3499
Chroma ATE Inc 2360 1,250 TWD 607.12 TWD −51% vs 3499
Coherent Corp COHR $192.81 $92.93 −52% vs 3499
Keysight Technologies, Inc KEYS $272.13 $117.27 −57% vs 3499
AVIC Chengdu Aircraft Company 302132 ¥70.00 ¥12.60 −82% vs 3499

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Globalsat Worldcom: fair value per Fair Value Calculator

Cite: Fair Value Calculator (2026). "Globalsat Worldcom Fair Value". https://www.fairvalue-calculator.com/stock/3499

Frequently asked questions

Is Globalsat Worldcom (3499) overvalued or undervalued?
As of Nov 3, 2026, our model estimates a fair value of 7.28 TWD versus a price of 11.50 TWD, about 37% lower (overvalued).
What is the fair value of 3499?
Our model-based fair value for Globalsat Worldcom is 7.28 TWD (as of Nov 3, 2026), built from audited fundamentals. The current price: 11.50 TWD.
What is the quality score of 3499?
Globalsat Worldcom has a Quality Score of 51/100. 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 Globalsat Worldcom (3499)?
Our model-based price target is the fair value of 7.28 TWD (as of Nov 3, 2026) from 7 valuation models. Cautious scenario 6.31 TWD, optimistic scenario 8.86 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Globalsat Worldcom stock forecast for 2026?
Our models put fair value at 7.28 TWD, about 37% lower versus a price of 11.50 TWD (overvalued). Cautious scenario 6.31 TWD, optimistic scenario 8.86 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Globalsat Worldcom (3499)?
Globalsat Worldcom reported trailing-twelve-month revenue of about 322M TWD (latest available figure, as of Nov 3, 2026).
What growth is priced into Globalsat Worldcom (3499)?
For today's price to be fair in a discounted-cash-flow model, Globalsat Worldcom would have to grow free cash flow by +11.4 % per year for five years (discount rate 9.0 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -3.0 % per year. As of Nov 3, 2026.
What discount rate (WACC) does the fair value of 3499 use?
Our models discount Globalsat Worldcom at 9.0 %: a base by market capitalisation (nano), damped by beta 0.40, 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 Globalsat Worldcom that is +11.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.0 %) and the same formula as our fair value.
How much growth has Globalsat Worldcom (3499) delivered so far?
Over the past 5 years revenue at Globalsat Worldcom grew -3.0 % a year. The price currently implies free-cash-flow growth of +11.4 % per 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 Globalsat Worldcom (3499) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Globalsat Worldcom (+11.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Globalsat Worldcom (3499)?
The free-cash-flow yield on the price is 2.33 %: that much free cash flow Globalsat Worldcom produces per unit of market value. When it exceeds the discount rate of our models (9.0 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Globalsat Worldcom (3499)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Globalsat Worldcom it is 7.28 TWD per share (as of Nov 3, 2026), against a price of 11.50 TWD. It is the blended result of 7 valuation models in 4 families (DCF Models, Multiples, Asset-Based, Growth DCF).
Is Globalsat Worldcom stock overvalued or undervalued in 2026?
As of Nov 3, 2026, 3499 trades above its calculated fair value: price 11.50 TWD, fair value 7.28 TWD, a gap of about −37% (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 3499?
No. The price is what the market pays today (11.50 TWD); the fair value is what the company's own numbers justify (7.28 TWD). For Globalsat Worldcom the two are 4.22 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Globalsat Worldcom worth?
The market values Globalsat Worldcom at about 632M TWD (market capitalisation, as of Nov 3, 2026). Per share that is 11.50 TWD; our models calculate a fair value of 7.28 TWD per share.
What do the bullish and bearish scenarios say about 3499?
Our models span a range for Globalsat Worldcom: cautious scenario 6.31 TWD, base 7.28 TWD, optimistic 8.86 TWD per share (as of Nov 3, 2026, price 11.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Globalsat Worldcom (3499)?
Balance-sheet figures for Globalsat Worldcom (as of Nov 3, 2026): return on equity −15.6%. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is 3499 from its 52-week high?
Globalsat Worldcom trades at 11.50 TWD, about 46% below its 52-week high of 21.35 TWD and at the low of 11.50 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 7.28 TWD is for.
Which stocks are comparable to Globalsat Worldcom?
From the same area (Technology) we also value Keysight Technologies, Inc, Garmin Ltd, Coherent Corp, Teledyne Technologies Incorporated, 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 Globalsat Worldcom stock attractive at the current price?
The data as of Nov 3, 2026: price 11.50 TWD, calculated fair value 7.28 TWD (−37%), Quality Score 51/100, from 7 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 3499 calculated?
We run Globalsat Worldcom through 7 models from 4 families: DCF Models, Multiples, Asset-Based, Growth DCF. Every model gets the same audited fundamentals; the fair value of 7.28 TWD builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Globalsat Worldcom 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 Globalsat Worldcom (3499)?
The closing price on Nov 6, 2026 was 11.50 TWD. Our model-based fair value is 7.28 TWD, about 37% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Globalsat Worldcom right now?
The price sits above even our optimistic bull case (8.86 TWD). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder.

Key figures of Globalsat Worldcom

How large is the market capitalisation of Globalsat Worldcom (3499)?
The market capitalisation of Globalsat Worldcom is 632M TWD (≈ $19.3M). 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 Globalsat Worldcom (3499)?
The price-to-sales ratio of Globalsat Worldcom is 2.07 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Globalsat Worldcom (3499)?
Earnings per share at Globalsat Worldcom are −1.27 TWD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Globalsat Worldcom (3499)?
The net margin of Globalsat Worldcom is −21.8% (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 Globalsat Worldcom (3499)?
The return on equity (ROE) of Globalsat Worldcom is −15.6% (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 Globalsat Worldcom (3499)?
On an EBIT basis the return on assets of Globalsat Worldcom is −3.3% (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 Globalsat Worldcom (3499)?
The operating margin of Globalsat Worldcom is −20.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Globalsat Worldcom (3499)?
Revenue at Globalsat Worldcom is growing −11.4% 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 Globalsat Worldcom (3499)?
Earnings per share at Globalsat Worldcom are growing +350% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Globalsat Worldcom (3499) hold?
Globalsat Worldcom holds more cash than debt, 35.9M TWD net (fiscal year 2023). The company holds more cash than debt, a safety cushion.
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