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ADO Optronics Corporation (3516) Fair Value & Analysis

Consumer Cyclical · TW · Market cap 1.5B TWD

AO ADO Optronics Corporation 3516 · TWO
Price26.10 TWD
Fair Value4.67 TWD
Upside-82.1%
Quality36/100
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Expensive Growth
Thin margins · 1.5% net margin
Low debt · negative free cash flow
0.80% dividend yield
Trails peers (2/13)
Narrow moat 20/100
Evidence: Medium Range 3.51 TWD – 5.84 TWD Share as image

Fair value as of: Jul 21, 2026

From 10 valuation models · updated 20 days ago

Share price −1.1% over the past month.

Below-average quality, and screening another 82% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (5.84 TWD). The favourable scenario is already priced in.
  • Weak quality (36/100) and above fair value at the same time, the margin of safety is missing on both counts.
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Price vs Fair Value (5 years)

33.70 TWD 13.29 TWD Fair Value 4.67 TWD Feb 2021 Aug 2026

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 13.29 TWD – 33.70 TWD · fair‑value band 3.51 TWD – 5.84 TWD · the 26.10 TWD price screens above the 4.67 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.

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Analysis

ADO Optronics Corporation (3516) currently trades at 26.10 TWD, while our model-based Fair Value estimate is 4.67 TWD, implying the stock looks roughly 82.1% overvalued today. The Quality Score stands at 36/100 (below-average quality), in the Consumer Cyclical 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, ADO Optronics Corporation generated revenue of 1.1B TWD at a net margin of 1.5%. Revenue grew 31.8% year over year. It earns a return on equity of 0.6%. Net debt stands at 579M TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 3.51 TWD (bear case) to 5.84 TWD (bull case); at 26.10 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 near its 52-week high and 47% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 16% fair-value upside, at -82%, 3516 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.

Note: the current price implies far more future growth than the conservative anchors of our models allow (base growth is deliberately capped, we do not regard such extreme rates as sustainable). Our models are not designed for expectations this high; that is why the individual models scatter extremely (1.75 TWD to 17.03 TWD). Read the values as a conservative anchor, not as a price target.
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
Highest evidence
Residual Income 16.34 TWD 14.82 TWD 9.96 TWD 76
Growth-Adj P/E 3.56 TWD 5.08 TWD 6.60 TWD 68
P/E Multiple 4.33 TWD 5.77 TWD 7.22 TWD 63
All 10 models by family
Earnings-Based
Graham-Dodd 1.87 TWD 5.70 TWD 7.56 TWD 54
Lynch FV 1.22 TWD 1.75 TWD 2.27 TWD 50
PEG = 1.0 1.22 TWD 1.75 TWD 2.27 TWD 46
Multiples
P/E Multiple 4.33 TWD 5.77 TWD 7.22 TWD 63
P/S Multiple 3.51 TWD 4.67 TWD 5.84 TWD 58
P/B Multiple 3.51 TWD 4.67 TWD 5.84 TWD 55
EV/EBITDA 2.37 TWD 4.96 TWD 54
Asset-Based
NCAV (Graham) 12.71 TWD 17.03 TWD 25.42 TWD 50
Economic Profit
Residual Income 16.34 TWD 14.82 TWD 9.96 TWD 76
Growth Earnings
Growth-Adj P/E 3.56 TWD 5.08 TWD 6.60 TWD 68

Widest divergence: Asset-Based (17.03 TWD) versus Earnings-Based (1.75 TWD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 1.1B TWD
Revenue growth (YoY) +31.8%
Net margin 1.5%
Return on equity 0.6%
Free cash flow −427M TWD FY2025
P/E ratio 95.4
More key figures
Operating margin -0.9%
EPS (TTM) 0.2700 TWD
Dividend yield 0.8%
EPS growth (YoY) +28.4%
Net debt 579M TWD FY2025

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 36/100

Of which business quality 38 · Market factors (momentum, volatility) 77

Profitability 17
Margins and returns on capital today
Quality Growth 30
Are margins and returns improving?
Cashflow 32
Earnings quality: real cash, not paper profit
Fin. Strength 48
Balance sheet, leverage, solvency risk
Investment 50
Disciplined investing over empire-building
Low Volatility 78
Calm price path (market factor)
Momentum 81
Price trend over the last 3–12 months (market factor)
52W Momentum 68
Distance to the 52-week high (market factor)
Net Issuance 61
Buybacks instead of dilution

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

ADO Optronics Corporation engages in the manufacturing, processing, and trading of various connectors, plugs, electronic components, and lighting products. It operates through Lighting Source and Connecting Cable Operation; Energy Generation Operation; and Plastic Injection (PR) Operation segments.

Full company description

ADO Optronics Corporation engages in the manufacturing, processing, and trading of various connectors, plugs, electronic components, and lighting products. It operates through Lighting Source and Connecting Cable Operation; Energy Generation Operation; and Plastic Injection (PR) Operation segments. The company assembles and sells lighting sources and connecting cables. It also produces and manufactures in-mold decorative inlay injection products. In addition, the company engages in the production and sales of renewable energy self-use power generation and thermal energy supply. ADO Optronics Corporation was founded in 1991 and is based in Taoyuan City, Taiwan.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

ADO Optronics Corporation reported revenue of 1.0B TWD in FY2025 versus 1.1B TWD in FY2021, a compound −0.7%/yr. Reported net income was 16.4M TWD in FY2025, compounding −21.7%/yr from FY2021.

Growth Quality 33/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
1.0B TWD
Latest YoY
−14.0%
Avg. growth/yr (3Y) 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.
+2.9%
Avg. growth/yr (5Y) 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.
+8.4%
Avg. growth/yr (8Y) 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.
+4.5%
Revenue −0.7%/yr
FY21 1.1B TWD
FY22 961M TWD
FY23 1.0B TWD
FY24 1.2B TWD
FY25 1.0B TWD
Net income −21.7%/yr
FY21 43.7M TWD
FY22 55.6M TWD
FY23 14.7M TWD
FY24 19.5M TWD
FY25 16.4M TWD

3516 screens 82% overvalued. Compare with Midea Group →

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Cite: Fair Value Calculator (2026). "ADO Optronics Corporation Fair Value". https://www.fairvalue-calculator.com/stock/3516

Peer Group

Furnishings, Fixtures & Appliances · 312 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.

Quality Score 36 · Bottom 25%
Fair Value upside −82% · Bottom 25%
Return on equity (TTM) 1% · Below median
Return on assets -1% · Bottom 25%
Net margin (TTM) 2% · Below median
Operating margin (TTM) -1% · Below median
Revenue growth 32% · Top 25%
Dividend yield (TTM) 0.8% · Bottom 25%
Debt / equity 0.50× · Higher than 75% of peers

Valuation Multiples vs Furnishings, Fixtures & Appliances median · lower = cheaper

P/E (TTM) 95.4× · Pricier than 75% of peers
P/B 1.01× · Cheaper than median
P/S (TTM) 1.37× · Pricier than median
EV/EBITDA 37.7× · Pricier than 75% of peers

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 · sector 22
FUTURE 100 · sector 0
PAST 2 · sector 19
HEALTH 75 · sector 97
DIVIDEND 16 · sector 49

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.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Furnishings, Fixtures & Appliances stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Midea Group 000333 ¥82.71 ¥107.22 +30%
Gree Electric Appliances, Inc 000651 ¥38.25 ¥88.02 +130%
Haier Smart Home Co 600690 ¥21.46 ¥36.04 +68%
King Slide Works Co 2059 8,655 TWD 1,917 TWD -78%
Guangdong Songfa Ceramics Co 603268 ¥155.59 ¥38.95 -75%
SharkNinja, Inc SN $154.53 $89.07 -42%
Hisense Home Appliances Group 000921 ¥26.33 ¥48.03 +82%
Zhejiang Supor Co 002032 ¥43.85 ¥44.84 +2%
Ecovacs Robotics Co 603486 ¥58.97 ¥54.14 -8%
COWAY Co 021240 96,700 KRW 112,530 KRW +16%

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Frequently asked questions

Is ADO Optronics Corporation (3516) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 4.67 TWD versus a price of 26.10 TWD, about −82% (overvalued).
What is the fair value of 3516?
Our model-based fair value for ADO Optronics Corporation is 4.67 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 26.10 TWD.
What is the quality score of 3516?
ADO Optronics Corporation has a Quality Score of 36/100. 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 revenue of ADO Optronics Corporation (3516)?
ADO Optronics Corporation reported trailing-twelve-month revenue of about 1.1B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 3516?
The net profit margin of ADO Optronics Corporation is about 1.5%, meaning it keeps roughly 1.5% of revenue as net income. Based on the latest reported figures.
Does ADO Optronics Corporation pay a dividend?
ADO Optronics Corporation currently shows a dividend yield of about 0.80% relative to its recent price (as of Jul 21, 2026).

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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