Lotes Co Ltd (3533) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Lotes Co Ltd stock TWD 1,744, price TWD 1,585, upside +10.0%, quality 65 out of 100. Rating: fairly valued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range 462.99 TWD – 2,850 TWD · fair‑value band 983.02 TWD – 2,267 TWD · the 1,585 TWD price screens below the 1,744 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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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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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 1,585 TWD, while our model-based Fair Value estimate is 1,744 TWD, so the stock looks roughly fairly valued today (gap 9.1%).
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Valuation
Bull case: the DCF Models group reads highest at a median of 1,712 TWD per share, and 9 of the 26 models we run sit above the 1,585 TWD price.
Bear case: the Asset-Based group reads lowest at 186.79 TWD, and 17 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 983.02 TWD (bear) to 2,267 TWD (bull), the price of 1,585 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 65/100 (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 180B TWD (≈ $5.5B) Mid · P/E ratio 19.3 · P/S ratio 4.93 · EPS (TTM) 82.18 TWD · Dividend yield 2.2% · Net margin 25.2% · Return on equity 24.4% · Return on assets (EBIT) 20.3% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 82 out of 100 (low confidence).
What moves the price
The share trades about 44% below its 52-week high and 37% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −7% fair-value upside, at 10%, 3533 screens cheaper than that median.
Fair Value models
Bear983.02 TWDFair Value 1,744 TWDBull2,267 TWD
Price 1,585 TWD · Upside +10.0%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (40.39 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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)
Revenue growth 7 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.
+14.2%
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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.
+23.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+21.6%
Dividend (yield on the price)2.2%
Per share before 2018divided by the spin-off factor 1.0156
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.21.6% vs 23.9%, 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%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
A lot of optimism in the price
The price assumes more growth than the company has delivered so far and more than 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).
+23.8%
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.
+20.6%
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 +21.9% a year for the price and +18.7% 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 · 651 stocks
Beats the industry median on 11/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score65 · Top 25%
Fair Value upside+10.0% · Above median
Profitability
Return on equity (12 months)24.4% · Top 25%
Return on assets15.6% · Top 25%
Net margin (12 months)25.2% · Top 25%
Operating margin (12 months)22.0% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)14.8% · Above median
Dividend yield (12 months)2.2% · Above median
Balance sheet
Debt / equity0.01× · Lowest 25%
Valuation Multiplesvs Electronic Components median · lower = cheaper
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.
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 Nov 7, 2026, our model estimates a fair value of 1,744 TWD versus a price of 1,585 TWD, about +10% upside (fairly valued).
What is the fair value of 3533?
Our model-based fair value for Lotes Co Ltd is 1,744 TWD (as of Nov 7, 2026), built from audited fundamentals. The current price: 1,585 TWD.
What is the quality score of 3533?
Lotes Co Ltd has a Quality Score of 65/100. 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 1,744 TWD (as of Nov 7, 2026) from 26 valuation models. Cautious scenario 983.02 TWD, optimistic scenario 2,267 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 1,744 TWD, about +10% upside versus a price of 1,585 TWD (fairly valued). Cautious scenario 983.02 TWD, optimistic scenario 2,267 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 36.6B TWD (latest available figure, as of Nov 7, 2026).
Does Lotes Co Ltd pay a dividend?
Lotes Co Ltd currently shows a dividend yield of 2.20% relative to its recent price (as of Nov 7, 2026).
How much is the dividend of Lotes Co Ltd (3533) and when is the ex-dividend date?
Lotes Co Ltd pays a dividend of 34.93 TWD per share a year, a dividend yield of 2.2%. The last ex-dividend date was Aug 4, 2026. The payout ratio is 42.5% of earnings. Free cash flow covers the dividend 0.86 times. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
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 +23.8 % 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 +14.3 % per year. As of Nov 7, 2026.
What discount rate (WACC) does the fair value of 3533 use?
Our models discount Lotes Co Ltd at 9.0 %: a base by market capitalisation (mid), damped by beta 0.24, 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 +23.8 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (9.0 %) 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 free-cash-flow growth of +23.8 % per 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 +11.5 % a year. That is the yardstick for the growth priced into Lotes Co Ltd (+23.8 % per 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 1.94 %: that much free cash flow Lotes Co Ltd 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 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 1,744 TWD per share (as of Nov 7, 2026), against a price of 1,585 TWD. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Lotes Co Ltd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, 3533 trades below its calculated fair value: price 1,585 TWD, fair value 1,744 TWD, a gap of about +10% (fairly valued). 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 (1,585 TWD); the fair value is what the company's own numbers justify (1,744 TWD). For Lotes Co Ltd the two are 158.50 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 180B TWD (market capitalisation, as of Nov 7, 2026). Per share that is 1,585 TWD; our models calculate a fair value of 1,744 TWD per share.
What do the bullish and bearish scenarios say about 3533?
Our models span a range for Lotes Co Ltd: cautious scenario 983.02 TWD, base 1,744 TWD, optimistic 2,267 TWD per share (as of Nov 7, 2026, price 1,585 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 19.3 (as of Nov 7, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 1,744 TWD is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings, FY2025 ex one-offs: 18.4. Other multiples: P/B 4.7, P/S 4.9, EV/EBITDA 13.0.
How solid is the balance sheet of Lotes Co Ltd (3533)?
Balance-sheet figures for Lotes Co Ltd (as of Nov 7, 2026): return on equity 24.4%, debt of 0.01 per unit of equity. They feed the Quality Score of 65/100, which measures business quality independently of the share price.
How far is 3533 from its 52-week high?
Lotes Co Ltd trades at 1,585 TWD, about 44% below its 52-week high of 2,850 TWD and 37% above the low of 1,155 TWD (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 1,744 TWD is for.
Which stocks are comparable to Lotes Co Ltd?
From the same area (Technology) we also value Amphenol Corporation, Hon Hai Precision Industry Co, Corning Incorporated, Delta Electronics, 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 Lotes Co Ltd stock attractive at the current price?
The data as of Nov 7, 2026: price 1,585 TWD, calculated fair value 1,744 TWD (+10%), Quality Score 65/100, 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 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 1,744 TWD builds on their evidence-weighted average, 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. Lotes Co Ltd currently trades 9% 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 Nov 6, 2026 was 1,585 TWD. Our model-based fair value is 1,744 TWD, about +10% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Lotes Co Ltd right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (983.02 TWD to 2,267 TWD) leaves room in how you read the outcome.
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 180B TWD (≈ $5.5B). 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 4.93 (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 Lotes Co Ltd (3533)?
Earnings per share at Lotes Co Ltd are 82.18 TWD (price ÷ EPS = P/E 19.3). 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 2.2% (payout 42.5%). 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 25.2% (last twelve months). 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 24.4% (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 22.0% (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 +14.8% 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 +165% 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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Broad data
Nov 7, 2026