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Ubright Optronics Corporation (4933) Fair Value & Analysis

Technology · TW · Market cap 4.8B TWD

UO Ubright Optronics Corporation 4933 · TWO
Price55.10 TWD
Fair Value107.58 TWD
Upside+95.3%
Quality73/100
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Healthy Growth
Solidly profitable · 14.8% net margin
Low debt · generates free cash flow
5.09% dividend yield
Ranks above peers (13/14)
Moderate moat 60/100
Evidence: High Range 80.90 TWD – 133.59 TWD Share as image

Fair value as of: Jul 21, 2026

From 24 valuation models · updated 20 days ago

Share price −12.0% over the past month.

A solid business, screening 95% undervalued on our models.

What matters now

  • The rarer combination: high quality (73/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (80.90 TWD). The market is more pessimistic than our downside scenario.
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Price vs Fair Value (5 years)

86.20 TWD 25.30 TWD Fair Value 107.58 TWD Mar 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 25.30 TWD – 86.20 TWD · fair‑value band 80.90 TWD – 133.59 TWD · the 55.10 TWD price screens below the 107.58 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.

Full chart & analysis →

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Analysis

Ubright Optronics Corporation (4933) currently trades at 55.10 TWD, while our model-based Fair Value estimate is 107.58 TWD, implying the stock looks roughly 95.3% undervalued today. The Quality Score stands at 73/100 (solid quality), in the Technology sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Ubright Optronics Corporation generated revenue of 3.0B TWD at a net margin of 14.8%. Revenue declined 1.3% year over year. It earns a return on equity of 12.5%. The balance sheet holds a net cash position of 1.6B TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 80.90 TWD (bear case) to 133.59 TWD (bull case); at 55.10 TWD, the current price sits below 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 32% below its 52-week high and 1% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at 95%, 4933 screens cheaper 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.

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
Growth DCF 79.00 TWD 97.40 TWD 130.51 TWD 80
Residual Income 42.11 TWD 48.87 TWD 78.14 TWD 76
Rev-Margin DCF 72.22 TWD 96.46 TWD 127.34 TWD 74
All 24 models by family
DCF Models
FCF DCF 76.87 TWD 95.75 TWD 133.00 TWD 38
Owner Earnings 74.41 TWD 92.50 TWD 128.18 TWD 31
5Y Revenue Exit 72.22 TWD 95.08 TWD 129.61 TWD 39
5Y EBITDA Exit 77.13 TWD 103.40 TWD 139.55 TWD 41
5Y P/E Exit 86.44 TWD 119.17 TWD 159.70 TWD 38
10Y Revenue Exit 72.17 TWD 91.98 TWD 114.30 TWD 36
10Y EBITDA Exit 76.54 TWD 97.34 TWD 120.56 TWD 37
10Y P/E Exit 82.12 TWD 107.49 TWD 133.26 TWD 35
Earnings-Based
Graham-Dodd 39.07 TWD 63.47 TWD 76.72 TWD 54
EPV 67.38 TWD 75.13 TWD 81.82 TWD 59
Dividend Discount
Gordon GGM 52.41 TWD 63.03 TWD 74.28 TWD 70
DDM Multi-Stage 52.41 TWD 68.71 TWD 88.37 TWD 61
Multiples
P/E Multiple 86.17 TWD 114.90 TWD 143.62 TWD 63
P/S Multiple 68.51 TWD 91.35 TWD 114.19 TWD 58
P/B Multiple 73.25 TWD 97.66 TWD 122.08 TWD 55
EV/EBIT 100.11 TWD 127.40 TWD 154.68 TWD 53
EV/EBITDA 86.73 TWD 109.54 TWD 132.36 TWD 54
EV/Revenue 73.44 TWD 97.08 TWD 120.73 TWD 43
Asset-Based
NCAV (Graham) 22.52 TWD 30.17 TWD 45.03 TWD 50
Growth DCF
Growth DCF 79.00 TWD 97.40 TWD 130.51 TWD 80
Rev-Margin DCF 72.22 TWD 96.46 TWD 127.34 TWD 74
Economic Profit
Residual Income 42.11 TWD 48.87 TWD 78.14 TWD 76
ROIC Compounder 68.08 TWD 77.16 TWD 86.99 TWD 72
Growth Earnings
Growth-Adj P/E 60.96 TWD 87.09 TWD 113.22 TWD 68

Widest divergence: Multiples (97.66 TWD) versus Asset-Based (30.17 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 3.0B TWD
Revenue growth (YoY) -1.3%
Net margin 14.8%
Return on equity 12.5%
Free cash flow 504M TWD FY2025
P/E ratio 10.1
More key figures
Operating margin 18.4%
EPS (TTM) 5.75 TWD
Dividend yield 5.1%
EPS growth (YoY) -16.7%
Net cash 1.6B TWD FY2023

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

Quality Score breakdown

Overall quality 73/100

Of which business quality 72 · Market factors (momentum, volatility) 36

Profitability 52
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 69
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 85
Disciplined investing over empire-building
Low Volatility 79
Calm price path (market factor)
Momentum 25
Price trend over the last 3–12 months (market factor)
52W Momentum 6
Distance to the 52-week high (market factor)
Net Issuance 75
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

Ubright Optronics Corporation engages in the manufacture and sale of optical films in Taiwan. It offers prism, multi function, and quantum dot films for backlight displays; polarizer protection and anti-glare films for LCD displays; 3D curve display protection films for OLED displays; anti-static protection, in process panel protection, hard coat, masking …

Full company description

Ubright Optronics Corporation engages in the manufacture and sale of optical films in Taiwan. It offers prism, multi function, and quantum dot films for backlight displays; polarizer protection and anti-glare films for LCD displays; 3D curve display protection films for OLED displays; anti-static protection, in process panel protection, hard coat, masking protection, and optical clear adhesive films for touch panels; anti-glare films for E paper products; and ceramic window films for windows, as well as optoelectronic and electronic application products, including backlight module brightness enhancement films, composite films, quantum dot films, LCD panel polarizer protective films, TAC anti-glare films, OLED and 3D display curved surface protective films, touch panel and electronic paper-specific protective films, and OCA. The company is also involved in wholesale of molds. Ubright Optronics Corporation was founded in 2003 and is based in Taoyuan City, Taiwan. Ubright Optronics Corporation operates as a subsidiary of Shinkong Synthetic Fibers Corporation.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ubright Optronics Corporation reported revenue of 3.0B TWD in FY2025 versus 3.0B TWD in FY2021, a compound +0.4%/yr. Reported net income was 473M TWD in FY2025, compounding +12.8%/yr from FY2021.

Growth Quality 72/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
3.0B TWD
Latest YoY
+2.4%
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.
+9.5%
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.
+2.0%
Avg. growth/yr (16Y) 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.
+2.7%
Revenue +0.4%/yr
FY21 3.0B TWD
FY22 2.3B TWD
FY23 2.5B TWD
FY24 2.9B TWD
FY25 3.0B TWD
Net income +12.8%/yr
FY21 292M TWD
FY22 287M TWD
FY23 340M TWD
FY24 576M TWD
FY25 473M TWD
Character of growth · EPS growth decomposed (2012-2023) −3.4 % p.a.
Revenue per share −4.1 pp

of which total revenue −4.4 pp · buybacks/dilution +0.3 pp

EBIT margin +0.8 pp
Tax rate +0.3 pp
Residual (interest, one-offs) −0.4 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Ubright Optronics Corporation Fair Value". https://www.fairvalue-calculator.com/stock/4933

Peer Group

Electronic Components · 625 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 73 · Top 25%
Fair Value upside +95% · Top 25%
Return on equity (TTM) 13% · Top 25%
Return on assets 6% · Top 25%
Net margin (TTM) 15% · Top 25%
Operating margin (TTM) 18% · Top 25%
Revenue growth -1% · Below median
Dividend yield (TTM) 5.1% · Top 25%

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 10.1× · Cheaper than 75% of peers
P/B 1.29× · Cheaper than median
P/S (TTM) 1.59× · Cheaper than median
P/FCF 0.3× · Cheaper than 75% of peers
EV/EBITDA 6.0× · Cheaper 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 100 · sector 0
FUTURE 0 · sector 32
PAST 50 · sector 24
HEALTH 100 · sector 95
DIVIDEND 100 · sector 25

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 Electronic Components stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,880 TWD 515.23 TWD -73%
Hon Hai Precision Industry Co 2317 242.50 TWD 270.47 TWD +12%
Luxshare Precision Industry Co 002475 ¥62.14 ¥38.44 -38%
Samsung Electro-Mechanics Co 009150 1,260,000 KRW 166,421 KRW -87%
Elite Material Co 2383 4,990 TWD 714.36 TWD -86%
Yageo Corporation 2327 699.00 TWD 216.55 TWD -69%
Shengyi Technology Co 600183 ¥132.29 ¥27.45 -79%
Shennan Circuits Co 002916 ¥364.00 ¥93.50 -74%
Victory Giant Technology (HuiZhou) Co 2476 HK$297.00 HK$103.98 -65%
Wus Printed Circuit (Kunshan) Co 002463 ¥127.80 ¥31.95 -75%

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Frequently asked questions

Is Ubright Optronics Corporation (4933) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 107.58 TWD versus a price of 55.10 TWD, about +95% (undervalued).
What is the fair value of 4933?
Our model-based fair value for Ubright Optronics Corporation is 107.58 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 55.10 TWD.
What is the quality score of 4933?
Ubright Optronics Corporation has a Quality Score of 73/100. 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 Ubright Optronics Corporation (4933)?
Ubright Optronics Corporation reported trailing-twelve-month revenue of about 3.0B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 4933?
The net profit margin of Ubright Optronics Corporation is about 14.8%, meaning it keeps roughly 14.8% of revenue as net income. Based on the latest reported figures.
Does Ubright Optronics Corporation pay a dividend?
Ubright Optronics Corporation currently shows a dividend yield of about 4.41% 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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