Ubright Optronics (4933) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Ubright Optronics TWD 98.80, price TWD 53.30, upside +85.4%, quality 73 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 25.30 TWD – 86.20 TWD · fair‑value band 76.24 TWD – 124.17 TWD · the 53.30 TWD price screens below the 98.80 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Ubright Optronics Corporation engages in the manufacture and sale of optical films in Taiwan.
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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.
Stock analysis
Ubright Optronics (4933) currently trades at 53.30 TWD, while our model-based Fair Value estimate is 98.80 TWD, implying the stock looks roughly 46.1% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 120.55 TWD per share, and 20 of the 24 models we run sit above the 53.30 TWD price.
Bear case: the Asset-Based group reads lowest at 30.17 TWD, and 4 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: 76.24 TWD (bear) to 124.17 TWD (bull), the price of 53.30 TWD sits below 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 73/100 (solid quality), in the Technology sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Ubright Optronics 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.
Key figures
Market cap 4.8B TWD (≈ $150M) · P/E ratio 9.3 · P/S ratio 1.46 · EPS (TTM) 5.75 TWD · Dividend yield 5.4% · Net margin 15.7% · Return on equity 12.5% · Return on assets (EBIT) 9.1%.
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 32% below its 52-week high and 4% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −66% fair-value upside, at 85%, 4933 screens cheaper than that median.
Fair Value models
Bear 76.24 TWDFair Value 98.80 TWDBull 124.17 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 (2.10 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.72/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+2.4%
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.
+9.5%
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.
+2.0%
Start year 2020 (pandemic). Over 10 years: −2.9% a year
Revenue growth 16 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.
+2.7%
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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. Basis: EBIT basis. 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.
+20.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+14.8%
Dividend (yield on the price)5.4%
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.18% vs 10%, picking up
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.9% → 17%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 2.1%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Growth Forecast
Little optimism in the price
The price assumes less 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).
−18.7%
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 −19.9% 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.Electronic Components · 655 stocks
Beats the industry median on 12/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score73 · Top 25%
Fair Value upside+85% · Top 25%
Profitability
Return on equity (TTM)13% · Top 25%
Return on assets6% · Top 25%
Net margin (TTM)15% · Top 25%
Operating margin (TTM)18% · Top 25%
Growth and dividend
Revenue growth−1% · Below median
Dividend yield (TTM)5.4% · Top 25%
Valuation Multiplesvs Electronic Components median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Ubright Optronics Fair Value". https://www.fairvalue-calculator.com/stock/4933
Frequently asked questions
Is Ubright Optronics (4933) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 98.80 TWD versus a price of 53.30 TWD, about +85% upside (undervalued).
What is the fair value of 4933?
Our model-based fair value for Ubright Optronics is 98.80 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 53.30 TWD.
What is the quality score of 4933?
Ubright Optronics 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 price target for Ubright Optronics (4933)?
Our model-based price target is the fair value of 98.80 TWD (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 76.24 TWD, optimistic scenario 124.17 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Ubright Optronics stock forecast for 2026?
Our models put fair value at 98.80 TWD, about +85% upside versus a price of 53.30 TWD (undervalued). Cautious scenario 76.24 TWD, optimistic scenario 124.17 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Ubright Optronics (4933)?
Ubright Optronics reported trailing-twelve-month revenue of about 3.0B TWD (latest available figure, as of Sep 24, 2026).
Does Ubright Optronics pay a dividend?
Ubright Optronics currently shows a dividend yield of about 5.42% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Ubright Optronics (4933)?
For today's price to be fair in a discounted-cash-flow model, Ubright Optronics would have to grow free cash flow by -18.7 % per year for five years (discount rate 11.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +2.0 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 4933 use?
Our models discount Ubright Optronics at 11.8 %: a base by market capitalisation (micro), damped by beta 0.36, 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 Ubright Optronics that is -18.7 % per year a year over ten years, using the same discount rate (11.8 %) and the same formula as our fair value.
How much growth has Ubright Optronics (4933) delivered so far?
Over the past 5 years revenue at Ubright Optronics grew +2.0 % a year. The price currently implies -18.7 % 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 Ubright Optronics (4933) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Ubright Optronics (-18.7 % 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 Ubright Optronics (4933)?
The free-cash-flow yield on the price is 11.49 %: that much free cash flow Ubright Optronics produces per unit of market value. When it exceeds the discount rate of our models (11.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Ubright Optronics (4933)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ubright Optronics it is 98.80 TWD per share (as of Sep 24, 2026), against a price of 53.30 TWD. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Ubright Optronics stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 4933 trades below its calculated fair value: price 53.30 TWD, fair value 98.80 TWD, a gap of about +85% (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 4933?
No. The price is what the market pays today (53.30 TWD); the fair value is what the company's own numbers justify (98.80 TWD). For Ubright Optronics the two are 45.50 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Ubright Optronics worth?
The market values Ubright Optronics at about 4.8B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 53.30 TWD; our models calculate a fair value of 98.80 TWD per share.
What do the bullish and bearish scenarios say about 4933?
Our models span a range for Ubright Optronics: cautious scenario 76.24 TWD, base 98.80 TWD, optimistic 124.17 TWD per share (as of Sep 24, 2026, price 53.30 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 4933?
Ubright Optronics trades at a price-to-earnings ratio of 9.3 (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 98.80 TWD is built from several models across several years. Other multiples: P/B 1.3, P/S 1.6, EV/EBITDA 6.0.
How solid is the balance sheet of Ubright Optronics (4933)?
Balance-sheet figures for Ubright Optronics (as of Sep 24, 2026): return on equity 12.5%. They feed the Quality Score of 73/100, which measures business quality independently of the share price.
How far is 4933 from its 52-week high?
Ubright Optronics trades at 53.30 TWD, about 32% below its 52-week high of 77.90 TWD and 4% above the low of 51.10 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 98.80 TWD is for.
Which stocks are comparable to Ubright Optronics?
From the same area (Technology) we also value Amphenol Corporation, Delta Electronics, Inc, Corning Incorporated, Hon Hai 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 Ubright Optronics stock attractive at the current price?
The data as of Sep 24, 2026: price 53.30 TWD, calculated fair value 98.80 TWD (+85%), Quality Score 73/100, from 24 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 4933 calculated?
We run Ubright Optronics through 24 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 98.80 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 13.0 % above its aggregate fair value. Ubright Optronics currently trades 85 % 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 Ubright Optronics (4933)?
The closing price on Sep 24, 2026 was 53.30 TWD. Our model-based fair value is 98.80 TWD, about +85% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ubright Optronics right 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 (76.24 TWD). The market is more pessimistic than our downside scenario.
Where does the earnings growth of Ubright Optronics (4933) come from?
Earnings per share at Ubright Optronics grew −3.4 % a year from 2012 to 2023. Broken into its drivers: revenue per share −4.1 %, EBIT margin +0.8 %, tax rate +0.3 %, residual (interest, one-offs) −0.4 %. 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 Ubright Optronics
How large is the market capitalisation of Ubright Optronics (4933)?
The market capitalisation of Ubright Optronics is 4.8B TWD (≈ $150M). 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 Ubright Optronics (4933)?
The price-to-sales ratio of Ubright Optronics is 1.46 (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 Ubright Optronics (4933)?
Earnings per share at Ubright Optronics are 5.75 TWD (price ÷ EPS = P/E 9.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Ubright Optronics (4933)?
The dividend yield of Ubright Optronics is 5.4% (payout 50.2%). 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 Ubright Optronics (4933)?
The net margin of Ubright Optronics is 15.7% (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 Ubright Optronics (4933)?
The return on equity (ROE) of Ubright Optronics is 12.5% (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 Ubright Optronics (4933)?
On an EBIT basis the return on assets of Ubright Optronics is 9.1% (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 Ubright Optronics (4933)?
The operating margin of Ubright Optronics is 18.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ubright Optronics (4933)?
Revenue at Ubright Optronics is growing −1.3% versus a year earlier (3y avg +9.5%). 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 Ubright Optronics (4933)?
Earnings per share at Ubright Optronics are growing −16.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Ubright Optronics (4933) hold?
Ubright Optronics holds more cash than debt, 1.6B TWD net (fiscal year 2023). The company holds more cash than debt, a safety cushion.
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