Lotes Co Ltd (3533) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Lotes Co Ltd TWD 1,859, price TWD 1,690, upside +10.0%, quality 61 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Lotes Co., Ltd., together with its subsidiaries, designs, manufactures, and sells precision electronic interconnect components and hardware parts in Taiwan, China, and internationally.
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Lotes Co., Ltd., together with its subsidiaries, designs, manufactures, and sells precision electronic interconnect components and hardware parts in Taiwan, China, and internationally. It offers CPU, sim card, SPI, and automotive sockets; liquid cooling solutions; memory connectors; slot/edge cards; single and double compression interposers; signal/power solutions, including bus bar, card edge, header, power wafer, and wire to board; and I/O series products, such as audio and power jacks, display port, HDMI, RJ45, SATA/SAS, sim card connector, and USB. The company also provides tact switches; battery holders; board to board solutions; FPC connectors; miniature RF; cable assembly; and automotive solutions comprising BMS, CCS, BOX, bus-bar, ECU, AC, AV, lighting, HV, e-bike, and wire harness series. It exports its products. The company was incorporated in 1986 and is headquartered in Keelung, Taiwan.
Stock analysis
Lotes Co Ltd (3533) currently trades at 1,690 TWD, while our model-based Fair Value estimate is 1,859 TWD, implying the stock looks roughly 9.1% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 1,735 TWD per share, and 9 of the 26 models we run sit above the 1,690 TWD price.
Bear case: the Asset-Based group reads lowest at 229.52 TWD, and 17 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: 1,115 TWD (bear) to 2,417 TWD (bull), the price of 1,690 TWD sits inside 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 61/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Lotes Co Ltd reported revenue of 33.8B TWD in FY2025 versus 21.4B TWD in FY2021, a compound +12.1%/yr. Reported net income was 7.9B TWD in FY2025, compounding +22.7%/yr from FY2021.
Key figures
Market cap 209B TWD (≈ $6.6B) · P/E ratio 24.1 · P/S ratio 5.62 · EPS (TTM) 70.00 TWD · Dividend yield 2.1% · Net margin 23.3% · Return on equity 19.1% · Return on assets (EBIT) 20.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 52 out of 100 (low confidence).
What moves the price
The share trades about 41% below its 52-week high and 46% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −65% fair-value upside, at 10%, 3533 screens cheaper than that median.
Fair Value models
Bear 1,115 TWDFair Value 1,859 TWDBull 2,417 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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (25.69 TWD per share) are deliberately not added.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.91/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+12.3%
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.
+7.6%
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.
+14.3%
Start year 2020 (pandemic). Over 10 years: +15.2% 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.
+16.8%
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What shareholders gained per year (last 5 years), in TWD ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in TWD: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+23.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+21.6%
Dividend (yield on the price)2.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.22% vs 24%, steady
Profit margin 2020 to 2025 ⓘ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.21% → 31%
Start year 2020 (pandemic)
Growth Forecast
Price in line with expectations
The price assumes more growth than the company has delivered so far and about what analysts expect.
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).
+22.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+20.1%
Yearly sales growth analysts expect, extended to five years.
After inflation (Taiwan: IMF forecast 1.6% a year to 2030, 1.5% from 2016 to 2025) that is about +20.6% a year for the price and +18.2% for the forecasts.
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.Electronic Components · 644 stocks
Beats the industry median on 12/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score61 · Above median
Fair Value upside+10% · Top 25%
Profitability
Return on equity (TTM)19% · Top 25%
Return on assets13% · Top 25%
Net margin (TTM)23% · Top 25%
Operating margin (TTM)29% · Top 25%
Growth and dividend
Revenue growth20% · Above median
Dividend yield (TTM)2.1% · Above median
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Electronic Components median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Lotes Co Ltd Fair Value". https://www.fairvalue-calculator.com/stock/3533
Frequently asked questions
Is Lotes Co Ltd (3533) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 1,859 TWD versus a price of 1,690 TWD, about +10% upside (undervalued).
What is the fair value of 3533?
Our model-based fair value for Lotes Co Ltd is 1,859 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 1,690 TWD.
What is the quality score of 3533?
Lotes Co Ltd has a Quality Score of 61/100. 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 Lotes Co Ltd (3533)?
Our model-based price target is the fair value of 1,859 TWD (as of Sep 24, 2026) from 26 valuation models. Cautious scenario 1,115 TWD, optimistic scenario 2,417 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Lotes Co Ltd stock forecast for 2026?
Our models put fair value at 1,859 TWD, about +10% upside versus a price of 1,690 TWD (undervalued). Cautious scenario 1,115 TWD, optimistic scenario 2,417 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Lotes Co Ltd (3533)?
Lotes Co Ltd reported trailing-twelve-month revenue of about 35.3B TWD (latest available figure, as of Sep 24, 2026).
Does Lotes Co Ltd pay a dividend?
Lotes Co Ltd currently shows a dividend yield of about 2.07% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Lotes Co Ltd (3533)?
For today's price to be fair in a discounted-cash-flow model, Lotes Co Ltd would have to grow free cash flow by +22.5 % per year for five years (discount rate 8.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +14.3 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 3533 use?
Our models discount Lotes Co Ltd at 8.1 %: a base by market capitalisation (mega), damped by beta 0.20, 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 Lotes Co Ltd that is +22.5 % per year a year over ten years, using the same discount rate (8.1 %) and the same formula as our fair value.
How much growth has Lotes Co Ltd (3533) delivered so far?
Over the past 5 years revenue at Lotes Co Ltd grew +14.3 % a year. The price currently implies +22.5 % 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 Lotes Co Ltd (3533) growing?
The median revenue growth in the sector is +8.4 % a year. That is the yardstick for the growth priced into Lotes Co Ltd (+22.5 % 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 Lotes Co Ltd (3533)?
The free-cash-flow yield on the price is 1.79 %: that much free cash flow Lotes Co Ltd produces per unit of market value. When it exceeds the discount rate of our models (8.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Lotes Co Ltd (3533)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Lotes Co Ltd it is 1,859 TWD per share (as of Sep 24, 2026), against a price of 1,690 TWD. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Lotes Co Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 3533 trades below its calculated fair value: price 1,690 TWD, fair value 1,859 TWD, a gap of about +10% (undervalued). 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 3533?
No. The price is what the market pays today (1,690 TWD); the fair value is what the company's own numbers justify (1,859 TWD). For Lotes Co Ltd the two are 169.00 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Lotes Co Ltd worth?
The market values Lotes Co Ltd at about 209B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 1,690 TWD; our models calculate a fair value of 1,859 TWD per share.
What do the bullish and bearish scenarios say about 3533?
Our models span a range for Lotes Co Ltd: cautious scenario 1,115 TWD, base 1,859 TWD, optimistic 2,417 TWD per share (as of Sep 24, 2026, price 1,690 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 3533?
Lotes Co Ltd trades at a price-to-earnings ratio of 24.1 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 1,859 TWD is built from several models across several years. Other multiples: P/B 5.4, P/S 5.9, EV/EBITDA 15.0.
How solid is the balance sheet of Lotes Co Ltd (3533)?
Balance-sheet figures for Lotes Co Ltd (as of Sep 24, 2026): return on equity 19.1%, debt of 0.01 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is 3533 from its 52-week high?
Lotes Co Ltd trades at 1,690 TWD, about 41% below its 52-week high of 2,850 TWD and 46% above the low of 1,155 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 1,859 TWD is for.
Which stocks are comparable to Lotes Co Ltd?
From the same area (Technology) we also value Amphenol Corporation, Delta Electronics, Inc, Corning Incorporated, Luxshare Precision Industry Co, 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 Lotes Co Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 1,690 TWD, calculated fair value 1,859 TWD (+10%), Quality Score 61/100, from 26 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 3533 calculated?
We run Lotes Co Ltd through 26 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 1,859 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 14.1 % above its aggregate fair value. Lotes Co Ltd currently trades 10 % below its own fair value, and the market average says nothing about that. 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 Lotes Co Ltd (3533)?
The closing price on Sep 24, 2026 was 1,690 TWD. Our model-based fair value is 1,859 TWD, about +10% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Lotes Co Ltd right now?
A fairly wide model range (1,115 TWD to 2,417 TWD) leaves room in how you read the outcome. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of Lotes Co Ltd (3533) come from?
Earnings per share at Lotes Co Ltd grew +25.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share +12.9 %, EBIT margin +13.1 %, tax rate +0.4 %, residual (interest, one-offs) −2.3 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Lotes Co Ltd
How large is the market capitalisation of Lotes Co Ltd (3533)?
The market capitalisation of Lotes Co Ltd is 209B TWD (≈ $6.6B). 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 Lotes Co Ltd (3533)?
The price-to-sales ratio of Lotes Co Ltd is 5.62 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Lotes Co Ltd (3533)?
Earnings per share at Lotes Co Ltd are 70.00 TWD (price ÷ EPS = P/E 24.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Lotes Co Ltd (3533)?
The dividend yield of Lotes Co Ltd is 2.1% (payout 50.0%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Lotes Co Ltd (3533)?
The net margin of Lotes Co Ltd is 23.3% (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 Lotes Co Ltd (3533)?
The return on equity (ROE) of Lotes Co Ltd is 19.1% (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 Lotes Co Ltd (3533)?
On an EBIT basis the return on assets of Lotes Co Ltd is 20.3% (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 Lotes Co Ltd (3533)?
The operating margin of Lotes Co Ltd is 29.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Lotes Co Ltd (3533)?
Revenue at Lotes Co Ltd is growing +20.1% versus a year earlier (3y avg +7.6%). 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 Lotes Co Ltd (3533)?
Earnings per share at Lotes Co Ltd are growing +5.6% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Lotes Co Ltd (3533) hold?
Lotes Co Ltd holds more cash than debt, 11.5B TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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