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

As of Sep 24, 2026: fair value of Globalsat Worldcom TWD 7.28, price TWD 13.70, upside -46.9%, quality 51 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? No
  2. Good quality? Yes
  3. Add to watchlist

Technology · TW · ISIN TW0003499000

GW Thin data Sep 24, 2026

Globalsat Worldcom

3499 · TWO

Stretched ValuationStrong overvaluation with only moderate quality.

!Fair value 7.28 TWD · Strongly overvalued (−47%)
!Quality 51/100
!Weak Growth (revenue 5y −3.0 %/yr)
!Loss-making · -24.6% net margin (TTM)
✓Low debt · generates free cash flow
!Trails peers (4/11)
!Narrow moat 12/100
!Evidence only low, so the estimate is less certain
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What runs behind every stock

26 valuation models 8 families, DCF to NCAV 37 quality factors margins, balance sheet, cashflow, debt 6 AI factors moat, what no ratio measures 2,000+ data points verified, per stock, median

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

Price vs Fair Value

27.80 TWD 11.45 TWD Fair Value 7.28 TWD Apr 2021 Sep 2026

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 11.45 TWD – 27.80 TWD · fair‑value band 6.31 TWD – 8.86 TWD · the 13.70 TWD price screens above the 7.28 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 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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GlobalSat WorldCom Corporation, together with its subsidiaries, manufactures and sells GPS receivers and module makers in America, Asia, Europe, and internationally. 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 13.70 TWD, while our model-based Fair Value estimate is 7.28 TWD, implying the stock looks roughly 88.2% overvalued today.

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Valuation

Bull case: the Growth DCF group reads highest at a median of 7.28 TWD per share, and 0 of the 7 models we run sit above the 13.70 TWD price.

Bear case: the Asset-Based group reads lowest at 5.69 TWD, and 7 of the 7 models stay below the price. Evidence for this calculation is low.

Scenario range: 6.31 TWD (bear) to 8.86 TWD (bull), the price of 13.70 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 753M TWD (≈ $23.7M) · P/S ratio 2.27 · EPS (TTM) −1.30 TWD · Net margin −20.0% · Return on equity −16.9% · Return on assets (EBIT) −3.3% · Operating margin −50.5% · Revenue (TTM) 333M TWD.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 32 out of 100 (medium confidence).

What moves the price

The share trades about 36% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Technology peers we cover trades at −34% fair-value upside, at −47%, 3499 screens richer than that median.

Fair Value models

Bear 6.31 TWD Fair Value 7.28 TWD Bull 8.86 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. 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.
Highest evidence
FCF DCF 6.57 TWD 7.64 TWD 9.56 TWD 82
Growth DCF 6.69 TWD 7.72 TWD 9.43 TWD 80
5Y Revenue Exit 6.15 TWD 7.21 TWD 8.76 TWD 74
All 7 models by family
DCF Models
FCF DCF 6.57 TWD 7.64 TWD 9.56 TWD 82
5Y Revenue Exit 6.15 TWD 7.21 TWD 8.76 TWD 74
10Y Revenue Exit 6.24 TWD 7.03 TWD 7.87 TWD 68
Multiples
EV/Revenue 6.08 TWD 7.12 TWD 8.17 TWD 54
Asset-Based
NCAV (Graham) 4.25 TWD 5.69 TWD 8.50 TWD 54
Growth DCF
Growth DCF 6.69 TWD 7.72 TWD 9.43 TWD 80
Rev-Margin DCF 6.15 TWD 7.28 TWD 8.68 TWD 74

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Quality Score breakdown

Overall quality 51/100

Of which business quality 53 · Market factors (momentum, volatility) 32

Profitability 11
Margins and returns on capital today
Quality Growth 15
Are margins and returns improving?
Cashflow 38
Earnings quality: real cash, not paper profit
Fin. Strength 91
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 65
Calm price path (market factor)
Momentum 19
Price trend over the last 3–12 months (market factor)
52W Momentum 16
Distance to the 52-week high (market factor)
Net Issuance 82
Share count: buybacks or dilution?

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).
+16.7%
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 +14.9% a year for the price.

3499 screens 88% overvalued. 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 3/9 measures
Overall it trails its industry peers.
Valuation
Quality Score 51 · Below median
Fair Value upside −47% · Below median
Profitability
Return on assets −6% · Bottom 25%
Net margin (TTM) −25% · Bottom 25%
Operating margin (TTM) −51% · Bottom 25%
Growth and dividend
Revenue growth −29% · Bottom 25%

Valuation Multiplesvs Scientific & Technical Instruments median · lower = cheaper

P/B 0.05× · Cheapest 25%
P/S (TTM) 0.07× · Cheapest 25%
P/FCF 1.6× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)0 · sector 0
FUTURE (revenue growth)0 · sector 26
PAST (return on equity)0 · sector 24
HEALTH (low debt)100 · sector 98
DIVIDEND (yield)0 · sector 19

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.

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Keysight Technologies, Inc KEYS $347.32 $115.39 −67%
Garmin Ltd GRMN $284.67 $304.44 +7%
Teledyne Technologies Incorporated TDY $621.05 $683.16 +10%
Chroma ATE Inc 2360 2,295 TWD 618.78 TWD −73%
MKS Inc MKSI $260.37 $201.24 −23%
AVIC Chengdu Aircraft Company 302132 ¥59.95 ¥19.61 −67%
Fortive Corporation FTV $55.95 $34.86 −38%
Trimble Inc TRMB $59.30 $29.11 −51%
Cognex Corporation CGNX $58.19 $38.50 −34%
Wuhan Guide Infrared Co 002414 ¥12.23 ¥9.52 −22%

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Globalsat Worldcom · Fair Value
7.28 TWD −88%Fair Value
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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 Sep 24, 2026, our model estimates a fair value of 7.28 TWD versus a price of 13.70 TWD, about −47% upside (overvalued).
What is the fair value of 3499?
Our model-based fair value for Globalsat Worldcom is 7.28 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 13.70 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 Sep 24, 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 −47% upside versus a price of 13.70 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 333M TWD (latest available figure, as of Sep 24, 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 +16.7 % 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 Sep 24, 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 0.35, 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 +16.7 % per year a year over ten years, 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 +16.7 % 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 Globalsat Worldcom (3499) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Globalsat Worldcom (+16.7 % 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 Globalsat Worldcom (3499)?
The free-cash-flow yield on the price is 1.96 %: 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 Sep 24, 2026), against a price of 13.70 TWD. It is the blended result of 7 valuation models (cash flow, earnings, asset, dividend).
Is Globalsat Worldcom stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 3499 trades above its calculated fair value: price 13.70 TWD, fair value 7.28 TWD, a gap of about −47% (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 (13.70 TWD); the fair value is what the company's own numbers justify (7.28 TWD). For Globalsat Worldcom the two are 6.42 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 753M TWD (market capitalisation, as of Sep 24, 2026). Per share that is 13.70 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 Sep 24, 2026, price 13.70 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 Sep 24, 2026): return on equity −16.9%. 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 13.70 TWD, about 36% below its 52-week high of 21.35 TWD and 10% above the low of 12.40 TWD (as of Sep 24, 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, Teledyne Technologies Incorporated, Chroma ATE 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 Globalsat Worldcom stock attractive at the current price?
The data as of Sep 24, 2026: price 13.70 TWD, calculated fair value 7.28 TWD (−47%), 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 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 7.28 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 13.0 % 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 Sep 24, 2026 was 13.70 TWD. Our model-based fair value is 7.28 TWD, about −47% upside (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 753M TWD (≈ $23.7M). 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 Globalsat Worldcom (3499)?
The price-to-sales ratio of Globalsat Worldcom is 2.27 (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 −1.30 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 −20.0% (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 Globalsat Worldcom (3499)?
The return on equity (ROE) of Globalsat Worldcom is −16.9% (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 −50.5% (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 −28.6% 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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