Global Lighting Technologies Inc (4935) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Global Lighting Technologies Inc TWD 37.43, price TWD 32.95, upside +13.6%, quality 57 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 30.80 TWD – 85.22 TWD · fair‑value band 34.97 TWD – 46.79 TWD · the 32.95 TWD price screens below the 37.43 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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Global Lighting Technologies Inc. designs, manufactures, and sells light guide plates and plastic components application products in Asia, the United States, and internationally. It develops optical molds. The company is also involved in manufacturing, and sales of plastic and electronic components; and wholesale and retail sale of electronic materials.
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Global Lighting Technologies Inc. designs, manufactures, and sells light guide plates and plastic components application products in Asia, the United States, and internationally. It develops optical molds. The company is also involved in manufacturing, and sales of plastic and electronic components; and wholesale and retail sale of electronic materials. Its products are used in LCD display applications, back-lighted keyboards, front-lighted illuminations, e-readers, electronic products, indoor LED lighting, decorations, indoor and outdoor automotive lightings, flexible light guide plates, luminous clothing/accessories, exit signs, situational table lamps, and led beauty and makeup mirrors. The company was incorporated in 2000 and is based in Taoyuan City, Taiwan.
Stock analysis
Global Lighting Technologies Inc (4935) currently trades at 32.95 TWD, while our model-based Fair Value estimate is 37.43 TWD, implying the stock looks roughly 12.0% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 62.63 TWD per share, and 18 of the 24 models we run sit above the 32.95 TWD price.
Bear case: the Earnings-Based group reads lowest at 11.89 TWD, and 6 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: 34.97 TWD (bear) to 46.79 TWD (bull), the price of 32.95 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 57/100 (solid quality), in the Technology sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Global Lighting Technologies Inc reported revenue of 5.4B TWD in FY2025 versus 10.9B TWD in FY2021, a compound −16.3%/yr. Reported net income was 172M TWD in FY2025, compounding −39.4%/yr from FY2021.
Key figures
Market cap 4.6B TWD (≈ $144M) · P/E ratio 24.8 · P/S ratio 0.80 · EPS (TTM) 1.33 TWD · Dividend yield 3.0% · Net margin 3.2% · Return on equity 2.1% · Return on assets (EBIT) 5.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 28% below its 52-week high and 7% 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 14%, 4935 screens cheaper than that median.
Fair Value models
Bear 34.97 TWDFair Value 37.43 TWDBull 46.79 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 (0.2423 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.40/100
Revenue is shrinking: the last year, the last three and the last five years are all negative.
Revenue growth 1 year
−23.0%
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.
−18.1%
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.
−13.7%
Start year 2020 (pandemic). Over 10 years: −2.7% a year
Revenue growth 17 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. 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.
−29.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−32.7%
Dividend (yield on the price)3.0%
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.−33% vs −14%, slowing
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.14% → 2%
Start year 2020 (pandemic)
Growth Forecast
Little optimism in the price
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).
less than -40 %
Yearly growth needed for the next five years to justify today's price.
Compare Global Lighting Technologies Inc with another stock
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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 · 654 stocks
Beats the industry median on 9/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score57 · Above median
Fair Value upside+14% · Top 25%
Profitability
Return on equity (TTM)2% · Below median
Return on assets0% · Below median
Net margin (TTM)4% · Below median
Operating margin (TTM)−6% · Bottom 25%
Growth and dividend
Revenue growth−25% · Bottom 25%
Dividend yield (TTM)3.0% · Top 25%
Balance sheet
Debt / equity0.06× · Below median
Valuation Multiplesvs Electronic Components median · lower = cheaper
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Is Global Lighting Technologies Inc (4935) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 37.43 TWD versus a price of 32.95 TWD, about +14% upside (undervalued).
What is the fair value of 4935?
Our model-based fair value for Global Lighting Technologies Inc is 37.43 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 32.95 TWD.
What is the quality score of 4935?
Global Lighting Technologies Inc has a Quality Score of 57/100. 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 Global Lighting Technologies Inc (4935)?
Our model-based price target is the fair value of 37.43 TWD (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 34.97 TWD, optimistic scenario 46.79 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Global Lighting Technologies Inc stock forecast for 2026?
Our models put fair value at 37.43 TWD, about +14% upside versus a price of 32.95 TWD (undervalued). Cautious scenario 34.97 TWD, optimistic scenario 46.79 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Global Lighting Technologies Inc (4935)?
Global Lighting Technologies Inc reported trailing-twelve-month revenue of about 5.0B TWD (latest available figure, as of Sep 24, 2026).
Does Global Lighting Technologies Inc pay a dividend?
Global Lighting Technologies Inc currently shows a dividend yield of about 3.03% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Global Lighting Technologies Inc (4935)?
For today's price to be fair in a discounted-cash-flow model, Global Lighting Technologies Inc would have to grow free cash flow by less than minus 40 % per year for five years (discount rate 12.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew -13.7 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 4935 use?
Our models discount Global Lighting Technologies Inc at 12.1 %: a base by market capitalisation (micro), damped by beta 0.64, 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 Global Lighting Technologies Inc that is less than minus 40 % per year a year over ten years, using the same discount rate (12.1 %) and the same formula as our fair value.
How much growth has Global Lighting Technologies Inc (4935) delivered so far?
Over the past 5 years revenue at Global Lighting Technologies Inc grew -13.7 % a year. The price currently implies less than minus 40 % 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 Global Lighting Technologies Inc (4935) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Global Lighting Technologies Inc (less than minus 40 % 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 Global Lighting Technologies Inc (4935)?
The free-cash-flow yield on the price is 10.43 %: that much free cash flow Global Lighting Technologies Inc produces per unit of market value. When it exceeds the discount rate of our models (12.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Global Lighting Technologies Inc (4935)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Global Lighting Technologies Inc it is 37.43 TWD per share (as of Sep 24, 2026), against a price of 32.95 TWD. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Global Lighting Technologies Inc stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 4935 trades below its calculated fair value: price 32.95 TWD, fair value 37.43 TWD, a gap of about +14% (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 4935?
No. The price is what the market pays today (32.95 TWD); the fair value is what the company's own numbers justify (37.43 TWD). For Global Lighting Technologies Inc the two are 4.48 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Global Lighting Technologies Inc worth?
The market values Global Lighting Technologies Inc at about 4.6B TWD (market capitalisation, as of Sep 24, 2026). Per share that is 32.95 TWD; our models calculate a fair value of 37.43 TWD per share.
What do the bullish and bearish scenarios say about 4935?
Our models span a range for Global Lighting Technologies Inc: cautious scenario 34.97 TWD, base 37.43 TWD, optimistic 46.79 TWD per share (as of Sep 24, 2026, price 32.95 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 4935?
Global Lighting Technologies Inc trades at a price-to-earnings ratio of 24.8 (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 37.43 TWD is built from several models across several years. Other multiples: P/B 0.6, P/S 0.9, EV/EBITDA 1.6.
How solid is the balance sheet of Global Lighting Technologies Inc (4935)?
Balance-sheet figures for Global Lighting Technologies Inc (as of Sep 24, 2026): return on equity 2.1%, debt of 0.06 per unit of equity. They feed the Quality Score of 57/100, which measures business quality independently of the share price.
How far is 4935 from its 52-week high?
Global Lighting Technologies Inc trades at 32.95 TWD, about 28% below its 52-week high of 46.00 TWD and 7% above the low of 30.80 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 37.43 TWD is for.
Which stocks are comparable to Global Lighting Technologies Inc?
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 Global Lighting Technologies Inc stock attractive at the current price?
The data as of Sep 24, 2026: price 32.95 TWD, calculated fair value 37.43 TWD (+14%), Quality Score 57/100, 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 4935 calculated?
We run Global Lighting Technologies Inc 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 37.43 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. Global Lighting Technologies Inc currently trades 14 % 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 Global Lighting Technologies Inc (4935)?
The closing price on Sep 24, 2026 was 32.95 TWD. Our model-based fair value is 37.43 TWD, about +14% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Global Lighting Technologies Inc right now?
The price is below even our cautious bear case (34.97 TWD). The market is more pessimistic than our downside scenario. The price sits below our cautious bear case: the market assumes less than even our pessimistic scenario. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of Global Lighting Technologies Inc (4935) come from?
Earnings per share at Global Lighting Technologies Inc grew −8.1 % a year from 2014 to 2025. Broken into its drivers: revenue per share −0.5 %, EBIT margin −14.2 %, tax rate +0.6 %, residual (interest, one-offs) +7.1 %. 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 Global Lighting Technologies Inc
How large is the market capitalisation of Global Lighting Technologies Inc (4935)?
The market capitalisation of Global Lighting Technologies Inc is 4.6B TWD (≈ $144M). 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 Global Lighting Technologies Inc (4935)?
The price-to-sales ratio of Global Lighting Technologies Inc is 0.80 (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 Global Lighting Technologies Inc (4935)?
Earnings per share at Global Lighting Technologies Inc are 1.33 TWD (price ÷ EPS = P/E 24.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Global Lighting Technologies Inc (4935)?
The dividend yield of Global Lighting Technologies Inc is 3.0% (payout 75.2%). 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 Global Lighting Technologies Inc (4935)?
The net margin of Global Lighting Technologies Inc is 3.2% (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 Global Lighting Technologies Inc (4935)?
The return on equity (ROE) of Global Lighting Technologies Inc is 2.1% (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 Global Lighting Technologies Inc (4935)?
On an EBIT basis the return on assets of Global Lighting Technologies Inc is 5.3% (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 Global Lighting Technologies Inc (4935)?
The operating margin of Global Lighting Technologies Inc is −6.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Global Lighting Technologies Inc (4935)?
Revenue at Global Lighting Technologies Inc is growing −24.9% versus a year earlier (3y avg −18.1%). 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 Global Lighting Technologies Inc (4935)?
Earnings per share at Global Lighting Technologies Inc are growing +7.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Global Lighting Technologies Inc (4935) hold?
Global Lighting Technologies Inc holds more cash than debt, 3.6B TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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