Young Optics Inc (3504) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Young Optics Inc TWD 31.14, price TWD 78.50, upside -60.3%, quality 68 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Young Optics Inc. engages in the research, design, manufacture, and sale of optical components, optical engine, and optics modules in Taiwan.
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Young Optics Inc. engages in the research, design, manufacture, and sale of optical components, optical engine, and optics modules in Taiwan. It offers plastic injection molds and related components; machining parts, including metal barrel, spacer, retainer, cam ring, and flange products; components, such as plastic lens, glass molding lens, glass grinding lens, color wheels, glass light tunnels, reflection prisms, color filters, x-plates, mirrors, and UVIR and waveguide products; DLP evaluation modules, and DLP LED and UV engines; machine vision, projection, ADAS, lidar, endoscope, fixed, vari-focal, and maskless lithography UV lens, as well as logo and smart head lamps; and monocular HMD products. The company also designs, develops, produces, and sells digital projection TVs and their related modules, solid-state light sources, digital projection game consoles, precision online measurement instruments and assembly adjustment equipment, and various imaging optical parts and products; and engages in the research and development, manufacture, and maintenance of LCD TVs, plasma TVs, optical rear-projection sub-TVs, and TVs, and flat panel and optical HDTVs. In addition, it is involved in the wholesale, import, export, and trade of optical components. The company was founded in 2002 and is based in Hsinchu City, Taiwan.
Stock analysis
Young Optics Inc (3504) currently trades at 78.50 TWD, while our model-based Fair Value estimate is 31.14 TWD, implying the stock looks roughly 152.1% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 40.29 TWD per share, and 0 of the 11 models we run sit above the 78.50 TWD price.
Bear case: the Asset-Based group reads lowest at 16.42 TWD, and 11 of the 11 models stay below the price. Evidence for this calculation is low.
Scenario range: 26.62 TWD (bear) to 35.85 TWD (bull), the price of 78.50 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 68/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Young Optics Inc reported revenue of 2.7B TWD in FY2025 versus 4.6B TWD in FY2021, a compound −12.4%/yr. Reported net income was −9.4M TWD in FY2025.
Key figures
Market cap 9.0B TWD (≈ $281M) · P/S ratio 2.70 · EPS (TTM) −0.0700 TWD · Net margin −0.3% · Return on equity −0.3% · Return on assets (EBIT) −2.2% · Operating margin −1.4% · Revenue (TTM) 2.7B TWD.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 17% below its 52-week high and 65% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −29% fair-value upside, at −60%, 3504 screens richer than that median.
Fair Value models
Bear 26.62 TWDFair Value 31.14 TWDBull 35.85 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.
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.29/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+4.5%
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.
−16.9%
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.
−7.2%
Start year 2020 (pandemic). Over 10 years: −4.9% a year
Revenue growth 19 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.
−5.8%
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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.
−5.4% (2020) → −2.8% (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).
+28.0%
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 +26.0% 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.Electrical Equipment & Parts · 552 stocks
Beats the industry median on 4/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score68 · Top 25%
Fair Value upside−60% · Below median
Profitability
Return on assets−1% · Bottom 25%
Net margin (TTM)0% · Bottom 25%
Operating margin (TTM)−1% · Bottom 25%
Growth and dividend
Revenue growth5% · Below median
Balance sheet
Debt / equity0.06× · Above median
Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper
P/B0.10× · Cheapest 25%
P/S (TTM)0.10× · Cheapest 25%
P/FCF1.0× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)27· sector 58
PAST (return on equity)0· sector 26
HEALTH (low debt)97· sector 97
DIVIDEND (yield)0· sector 23
VALUE 0: the price sits above our fair-value range.
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 Young Optics Inc (3504) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 31.14 TWD versus a price of 78.50 TWD, about −60% upside (overvalued).
What is the fair value of 3504?
Our model-based fair value for Young Optics Inc is 31.14 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 78.50 TWD.
What is the quality score of 3504?
Young Optics Inc has a Quality Score of 68/100. 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 Young Optics Inc (3504)?
Our model-based price target is the fair value of 31.14 TWD (as of Sep 24, 2026) from 11 valuation models. Cautious scenario 26.62 TWD, optimistic scenario 35.85 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Young Optics Inc stock forecast for 2026?
Our models put fair value at 31.14 TWD, about −60% upside versus a price of 78.50 TWD (overvalued). Cautious scenario 26.62 TWD, optimistic scenario 35.85 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Young Optics Inc (3504)?
Young Optics Inc reported trailing-twelve-month revenue of about 2.7B TWD (latest available figure, as of Sep 24, 2026).
What growth is priced into Young Optics Inc (3504)?
For today's price to be fair in a discounted-cash-flow model, Young Optics Inc would have to grow free cash flow by +28.0 % per year for five years (discount rate 14.2 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -7.2 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 3504 use?
Our models discount Young Optics Inc at 14.2 %: a base by market capitalisation (micro), damped by beta 1.29, 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 Young Optics Inc that is +28.0 % per year a year over ten years, using the same discount rate (14.2 %) and the same formula as our fair value.
How much growth has Young Optics Inc (3504) delivered so far?
Over the past 5 years revenue at Young Optics Inc grew -7.2 % a year. The price currently implies +28.0 % 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 Young Optics Inc (3504) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Young Optics Inc (+28.0 % 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 Young Optics Inc (3504)?
The free-cash-flow yield on the price is 3.03 %: that much free cash flow Young Optics Inc produces per unit of market value. When it exceeds the discount rate of our models (14.2 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Young Optics Inc (3504)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Young Optics Inc it is 31.14 TWD per share (as of Sep 24, 2026), against a price of 78.50 TWD. It is the blended result of 11 valuation models (cash flow, earnings, asset, dividend).
Is Young Optics Inc stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 3504 trades above its calculated fair value: price 78.50 TWD, fair value 31.14 TWD, a gap of about −60% (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 3504?
No. The price is what the market pays today (78.50 TWD); the fair value is what the company's own numbers justify (31.14 TWD). For Young Optics Inc the two are 47.36 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Young Optics Inc worth?
The market values Young Optics Inc at about 9.0B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 78.50 TWD; our models calculate a fair value of 31.14 TWD per share.
What do the bullish and bearish scenarios say about 3504?
Our models span a range for Young Optics Inc: cautious scenario 26.62 TWD, base 31.14 TWD, optimistic 35.85 TWD per share (as of Sep 24, 2026, price 78.50 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Young Optics Inc (3504)?
Balance-sheet figures for Young Optics Inc (as of Sep 24, 2026): return on equity −0.3%, debt of 0.06 per unit of equity. They feed the Quality Score of 68/100, which measures business quality independently of the share price.
How far is 3504 from its 52-week high?
Young Optics Inc trades at 78.50 TWD, about 17% below its 52-week high of 94.30 TWD and 65% above the low of 47.45 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 31.14 TWD is for.
Which stocks are comparable to Young Optics Inc?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Vertiv Holdings, Prysmian S.p.A, 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 Young Optics Inc stock attractive at the current price?
The data as of Sep 24, 2026: price 78.50 TWD, calculated fair value 31.14 TWD (−60%), Quality Score 68/100, from 11 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 3504 calculated?
We run Young Optics Inc through 11 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 31.14 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 13.2 % above its aggregate fair value. Young Optics Inc 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 Young Optics Inc (3504)?
The closing price on Sep 24, 2026 was 78.50 TWD. Our model-based fair value is 31.14 TWD, about −60% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Young Optics Inc right now?
The price sits above even our optimistic bull case (35.85 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 (68/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Young Optics Inc
How large is the market capitalisation of Young Optics Inc (3504)?
The market capitalisation of Young Optics Inc is 9.0B TWD (≈ $281M). 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 Young Optics Inc (3504)?
The price-to-sales ratio of Young Optics Inc is 2.70 (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 Young Optics Inc (3504)?
Earnings per share at Young Optics Inc are −0.0700 TWD. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Young Optics Inc (3504)?
The net margin of Young Optics Inc is −0.3% (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 Young Optics Inc (3504)?
The return on equity (ROE) of Young Optics Inc is −0.3% (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 Young Optics Inc (3504)?
On an EBIT basis the return on assets of Young Optics Inc is −2.2% (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 Young Optics Inc (3504)?
The operating margin of Young Optics Inc is −1.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Young Optics Inc (3504)?
Revenue at Young Optics Inc is growing +5.4% versus a year earlier (3y avg −16.9%). 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 Young Optics Inc (3504)?
Earnings per share at Young Optics Inc are growing +25.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Young Optics Inc (3504) hold?
Young Optics Inc holds more cash than debt, 331M TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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