GlobalSat WorldCom Corporation (3499) Fair Value & Analysis
Technology · TW · Market cap 756M TWD
Fair value as of: Jul 21, 2026
From 9 valuation models · updated 20 days ago
Share price −11.8% over the past month.
A solid business, but screening 68% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (5.18 TWD). The favourable scenario is already priced in.
- Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
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 11.40 TWD – 27.80 TWD · fair‑value band 3.09 TWD – 5.18 TWD · the 13.05 TWD price screens above the 4.14 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 21, 2026.
Analysis
GlobalSat WorldCom Corporation (3499) currently trades at 13.05 TWD, while our model-based Fair Value estimate is 4.14 TWD, implying the stock looks roughly 68.3% overvalued today. The Quality Score stands at 51/100 (solid quality), in the Technology sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).
Over the trailing twelve months, GlobalSat WorldCom Corporation generated revenue of 333M TWD at a net margin of -24.6%. Revenue declined 28.6% year over year. It earns a return on equity of -16.9%. The balance sheet holds a net cash position of 35.9M TWD. Fundamentals as of Jul 21, 2026
Our scenario range runs from 3.09 TWD (bear case) to 5.18 TWD (bull case); at 13.05 TWD, the current price sits above 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 39% below its 52-week high and 4% above 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 -68%, 3499 screens richer 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.
All 9 models by family
Widest divergence: Multiples (7.12 TWD) versus Dividend Discount (3.77 TWD). Highest evidence: Growth DCF (80).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 53 · Market factors (momentum, volatility) 34
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
GlobalSat WorldCom Corporation, together with its subsidiaries, manufactures and sells GPS receivers and module makers in America, Asia, Europe, and internationally.
Full company description
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.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
GlobalSat WorldCom Corporation 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.
3499 screens 68% overvalued. Compare with Keysight Technologies, Inc →
Peer Group
Scientific & Technical Instruments · 161 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.
Valuation Multiples vs Scientific & Technical Instruments median · lower = cheaper
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 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Scientific & Technical Instruments stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Keysight Technologies, Inc KEYS | $315.90 | $84.16 | -73% |
| Garmin Ltd GRMN | $241.76 | $146.67 | -39% |
| Teledyne Technologies Incorporated TDY | $635.52 | $367.58 | -42% |
| Chroma ATE Inc 2360 | 1,905 TWD | 286.15 TWD | -85% |
| Hexagon AB HEXAB | kr 80.10 | kr 52.93 | -34% |
| MKS Inc MKSI | $324.69 | $77.46 | -76% |
| AVIC Chengdu Aircraft Company 302132 | ¥52.91 | ¥34.47 | -35% |
| Fortive Corporation FTV | $61.78 | $33.84 | -45% |
| Trimble Inc TRMB | $52.72 | $24.47 | -54% |
| Cognex Corporation CGNX | $64.07 | $13.75 | -79% |
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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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