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Litemax Electronics (4995) Fair Value & Analysis

Technology · TW · Market cap 1.9B TWD (≈ $61.1M) · ISIN TW0004995006

What is Litemax Electronics really worth?

LE Litemax Electronics 4995 · TWO
Price50.10 TWD
Fair Value43.38 TWD
Upside−13.4%
Quality61/100

A solid business, but trading 15% above our fair value of 43.38 TWD.

As of Aug 25, 2026, the fair value of Litemax Electronics is 43.38 TWD per share against a price of 50.10 TWD, so the fair value sits 13% below the price. A model estimate blended from multiple valuation models, recalculated regularly.

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Strengths

Low debt · generates free cash flow
Ranks above peers (13/14)

Risks

!Mixed Growth (revenue 5y +6.0 %/yr)
!Thin margins · 8.8% net margin
!Moderate moat 50/100
!Weak on valuation: 15 out of 100

For context

·3.99% dividend yield
Evidence: High Range 32.75 TWD – 53.43 TWD

Fair value as of: Aug 25, 2026

From 24 valuation models · updated 12 days ago

Share price +6.7% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder.
  • The price sits in the upper half of our model range, so the margin of safety is thin.
  • The data supports the verdict: every model runs on fully documented inputs.

Price vs Fair Value (5 years)

85.60 TWD 26.23 TWD Fair Value 43.38 TWD Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 25, 2026.

How to read this chart

60‑month range 26.23 TWD – 85.60 TWD · fair‑value band 32.75 TWD – 53.43 TWD · the 50.10 TWD price screens above the 43.38 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 25, 2026.

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Analysis

Litemax Electronics (4995) currently trades at 50.10 TWD, while our model-based Fair Value estimate is 43.38 TWD, implying the stock looks roughly 15.5% overvalued today. The Quality Score stands at 61/100 (solid quality), in the Technology sector. Bull case: the Growth Earnings group reads highest at a median of 47.79 TWD per share, and 4 of the 24 models we run sit above the 50.10 TWD price. Bear case: the Asset-Based group reads lowest at 14.94 TWD, and 20 of the 24 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Litemax Electronics generated revenue of 1.3B TWD at a net margin of 8.8%. Revenue grew 10.6% year over year. It earns a return on equity of 13.1%. Net debt stands at 196M TWD. Fundamentals as of Aug 25, 2026

Our scenario range runs from 32.75 TWD (bear case) to 53.43 TWD (bull case); at 50.10 TWD, the current price sits within 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 2% below its 52-week high and 28% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at −62% fair-value upside, at −13%, 4995 screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly 0.1501 TWD per share, which is 0.3 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced 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. Every input is real reported data, nothing guessed.

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
FCF DCF 16.34 TWD 21.82 TWD 29.72 TWD 81
Growth DCF 16.77 TWD 21.91 TWD 28.89 TWD 80
Owner Earnings 21.59 TWD 28.63 TWD 38.76 TWD 77
All 24 models by family
DCF Models
FCF DCF 16.34 TWD 21.82 TWD 29.72 TWD 81
Owner Earnings 21.59 TWD 28.63 TWD 38.76 TWD 77
5Y Revenue Exit 20.39 TWD 31.61 TWD 46.48 TWD 72
5Y EBITDA Exit 32.34 TWD 52.22 TWD 76.11 TWD 74
5Y P/E Exit 29.18 TWD 46.76 TWD 65.63 TWD 70
10Y Revenue Exit 17.83 TWD 26.79 TWD 37.35 TWD 67
10Y EBITDA Exit 25.22 TWD 39.32 TWD 55.98 TWD 68
10Y P/E Exit 23.43 TWD 36.00 TWD 49.39 TWD 64
Earnings-Based
Graham-Dodd 15.29 TWD 29.20 TWD 36.40 TWD 66
EPV 15.64 TWD 18.08 TWD 20.11 TWD 74
Dividend Discount
Gordon GGM 31.00 TWD 40.41 TWD 49.02 TWD 69
DDM Multi-Stage 31.00 TWD 40.72 TWD 50.78 TWD 67
Multiples
P/E Multiple 47.22 TWD 62.96 TWD 78.71 TWD 63
P/S Multiple 28.67 TWD 38.23 TWD 47.79 TWD 58
P/B Multiple 28.67 TWD 38.23 TWD 47.79 TWD 55
EV/EBIT 52.39 TWD 70.61 TWD 88.82 TWD 66
EV/EBITDA 51.32 TWD 69.17 TWD 87.03 TWD 67
EV/Revenue 25.38 TWD 37.21 TWD 49.05 TWD 53
Asset-Based
NCAV (Graham) 11.15 TWD 14.94 TWD 22.29 TWD 54
Growth DCF
Growth DCF 16.77 TWD 21.91 TWD 28.89 TWD 80
Rev-Margin DCF 20.39 TWD 31.90 TWD 44.92 TWD 72
Economic Profit
Residual Income 18.70 TWD 20.36 TWD 23.78 TWD 76
ROIC Compounder 15.64 TWD 18.08 TWD 20.11 TWD 72
Growth Earnings
Growth-Adj P/E 33.46 TWD 47.79 TWD 62.13 TWD 67

Widest divergence: Growth Earnings (47.79 TWD) versus Asset-Based (14.94 TWD). Highest evidence: FCF DCF (81).

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Key figures & financial health

P/E ratio 22.6
P/S ratio 1.67 P/E × margin
EPS (TTM) 2.22 TWD price ÷ EPS = P/E 22.6
Dividend yield 4.0% payout 90.1%
Net margin 7.4% FY2025
Return on equity 13.1% TTM
More key figures
Profitability
Return on assets (EBIT) 10.7% avg 5y
Operating margin 12.7% TTM
Growth
Revenue (TTM) 1.3B TWD TTM
Revenue growth (YoY) +10.6% 3y avg −1.9%
EPS growth (YoY) +96.1%
Balance sheet & cash flow
Free cash flow 92.2M TWD FY2025
Net debt 196M TWD FY2025 · ≈ 2.1 yrs of FCF

Figures from reported company fundamentals · as of Aug 25, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 61/100

Of which business quality 59 · Market factors (momentum, volatility) 68

Profitability 44
Margins and returns on capital today
Quality Growth 9
Are margins and returns improving?
Cashflow 51
Earnings quality: real cash, not paper profit
Fin. Strength 78
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 89
Calm price path (market factor)
Momentum 56
Price trend over the last 3–12 months (market factor)
52W Momentum 66
Distance to the 52-week high (market factor)
Net Issuance 81
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Litemax Electronics Inc., together with its subsidiaries, engages in the research, development, manufacture, and sale of liquid crystal display (LCD) modules and displays in the United States, Asia, and Europe.

Full company description

Litemax Electronics Inc., together with its subsidiaries, engages in the research, development, manufacture, and sale of liquid crystal display (LCD) modules and displays in the United States, Asia, and Europe. It offers industrial display products, including ECOgreenpixel, Spanpixel resizing LCDs, Durapixel sunlight readable LCDs, Squarepixel square LCDs, UbiPixel industrial LCDs, Navpixel marine displays, and custom LCD displays; industrial motherboards and modules; and embedded box, industrial panel, modular panel, rugged panel, and transportation panel PCs and monitors. The company also provides AIoT solutions, such as artificial intelligence edge computing, and smart display and kiosk modules; and accessories comprising AD, power, and intelligent thermal control boards. It serves the transportation, industrial, marine, digital signage, gaming, heavy duty, POS/kiosk, and healthcare industries. Litemax Electronics Inc. was incorporated in 2000 and is headquartered in New Taipei City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Litemax Electronics reported revenue of 1.3B TWD in FY2025 versus 1.2B TWD in FY2021, a compound +1.7%/yr. Reported net income was 95.4M TWD in FY2025, compounding −4.0%/yr from FY2021.

Growth Quality 65/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.3B TWD
Latest YoY
−7.3%
Avg. revenue 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.
−1.9%
Avg. revenue 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.
+6.0%
Avg. revenue growth/yr (8Y) 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.
+3.1%
Value creation/yr (5Y, in TWD) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. 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.
+0.8% · in TWD
Earnings growth per share plus dividend yield: the value created per share and year.
Earnings growth per share−3.2%
Dividend yield4.0%
Operating margin (EBIT) 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.8.4% (2020) → 10.0% (2025) · rising
Worst earnings drop60% (2020) · in TWD
Revenue +1.7%/yr
FY21 1.2B TWD
FY22 1.4B TWD
FY23 1.2B TWD
FY24 1.4B TWD
FY25 1.3B TWD
Net income −4.0%/yr
FY21 112M TWD
FY22 210M TWD
FY23 152M TWD
FY24 191M TWD
FY25 95.4M TWD

4995 screens 15% overvalued. Compare with Amphenol Corporation →

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Cite: Fair Value Calculator (2026). "Litemax Electronics Fair Value". https://www.fairvalue-calculator.com/stock/4995.TWO

Peer Group

Electronic Components · 638 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 61 · Above median
Fair Value upside −13% · Above median
Return on equity (TTM) 13% · Top 25%
Return on assets 5% · Top 25%
Net margin (TTM) 9% · Above median
Operating margin (TTM) 13% · Top 25%
Revenue growth 11% · Above median
Dividend yield (TTM) 4.0% · Top 25%
Debt / equity 0.36× · Higher than 75% of peers

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 22.6× · Cheaper than median
P/B 2.05× · Cheaper than median
P/S (TTM) 1.46× · Cheaper than median
P/FCF 0.7× · Cheaper than median
EV/EBITDA 11.6× · Cheaper than median

Strength profile in five axes (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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE15 · sector 0
FUTURE53 · sector 40
PAST52 · sector 25
HEALTH82 · sector 95
DIVIDEND80 · sector 24

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

Similar stocks

10 more Electronic Components stocks, each showing price versus our Fair Value estimate (as of Aug 25, 2026).

Stock Price Fair Value vs Fair Value
Amphenol Corporation APH $157.74 $97.19 −38%
Corning Incorporated GLW CHF 134.64 CHF 35.18 −74%
Delta Electronics, Inc 2308 1,750 TWD 602.37 TWD −66%
Luxshare Precision Industry Co 002475 ¥56.06 ¥38.44 −31%
Samsung Electro-Mechanics Co 009150 1,503,000 KRW 172,954 KRW −88%
Suzhou Dongshan Precision Manufacturing Co 002384 ¥202.11 ¥21.19 −90%
TE Connectivity plc TEL $202.66 $144.42 −29%
Shengyi Technology Co 600183 ¥132.80 ¥36.30 −73%
Flex Ltd FLEX $124.53 $48.10 −61%
Celestica Inc CLS $298.70 $113.54 −62%

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Frequently asked questions

Is Litemax Electronics (4995) overvalued or undervalued?
As of Aug 25, 2026, our model estimates a fair value of 43.38 TWD versus a price of 50.10 TWD, about −13% upside (overvalued).
What is the fair value of 4995?
Our model-based fair value for Litemax Electronics is 43.38 TWD (as of Aug 25, 2026), built from audited fundamentals. The current price: 50.10 TWD.
What is the quality score of 4995?
Litemax Electronics 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 Litemax Electronics (4995)?
Our model-based price target is the fair value of 43.38 TWD (as of Aug 25, 2026) from 24 valuation models. Cautious scenario 32.75 TWD, optimistic scenario 53.43 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Litemax Electronics stock forecast for 2026?
Our models put fair value at 43.38 TWD, about −13% upside versus a price of 50.10 TWD (overvalued). Cautious scenario 32.75 TWD, optimistic scenario 53.43 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Litemax Electronics (4995)?
Litemax Electronics reported trailing-twelve-month revenue of about 1.3B TWD (latest available figure, as of Aug 25, 2026).
What is the net profit margin of 4995?
The net profit margin of Litemax Electronics is about 8.8%, meaning it keeps roughly 8.8% of revenue as net income. Based on the latest reported figures.
Does Litemax Electronics pay a dividend?
Litemax Electronics currently shows a dividend yield of about 3.99% relative to its recent price (as of Aug 25, 2026).
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