Ledtech Electronics Corp (6164) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Ledtech Electronics Corp TWD 5.06, price TWD 12.25, upside -58.7%, quality 59 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 8.26 TWD – 18.99 TWD · fair‑value band 4.99 TWD – 5.11 TWD · the 12.25 TWD price screens above the 5.06 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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Ledtech Electronics Corp. engages in the research, development, manufacture, process, and trading in LED displays in Asia, the United Stated, Europe, and internationally.
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Ledtech Electronics Corp. engages in the research, development, manufacture, process, and trading in LED displays in Asia, the United Stated, Europe, and internationally. It offers standard lamps; single, dual, three, and four-digit displays, as well as alphanumeric, and dot matrix displays; chip LED products; SMD products; chip on board and side view backlight; high power products; holder type products; COB; lamp, SMD, and high-power IR LED; and rigid and flexible light strips and tubes. The company also provides UV antibacterial, low temperature, biological, and semiconductor yellow lightings, as well as energy saving and environmental protection. It serves offices, schools, laboratories, banks, chain convenient stores, and restaurants. Ledtech Electronics Corp. was founded in 1977 and is headquartered in New Taipei City, Taiwan.
Stock analysis
Ledtech Electronics Corp (6164) currently trades at 12.25 TWD, while our model-based Fair Value estimate is 5.06 TWD, implying the stock looks roughly 142.1% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 9.60 TWD per share, and 5 of the 24 models we run sit above the 12.25 TWD price.
Bear case: the Earnings-Based group reads lowest at 0.5900 TWD, and 19 of the 24 models stay below the price. Evidence for this calculation is low.
Scenario range: 4.99 TWD (bear) to 5.11 TWD (bull), the price of 12.25 TWD sits above 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 59/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue is shrinking: the last year, the last three and the last five years are all negative.
Ledtech Electronics Corp reported revenue of 732M TWD in FY2025 versus 955M TWD in FY2021, a compound −6.4%/yr. Reported net income was 5.7M TWD in FY2025, compounding −3.3%/yr from FY2021.
Key figures
Market cap 926M TWD (≈ $29.1M) · P/E ratio 175.0 · P/S ratio 1.35 · EPS (TTM) 0.0700 TWD · Dividend yield 4.0% · Net margin 0.8% · Return on equity 0.1% · Return on assets (EBIT) 0.5%.
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 30% below its 52-week high and 34% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −29% fair-value upside, at −59%, 6164 screens richer than that median.
Fair Value models
Bear 4.99 TWDFair Value 5.06 TWDBull 5.11 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 (0.0514 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
−11.0%
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.
−6.1%
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.
−0.8%
Start year 2020 (pandemic). Over 10 years: −7.9% a year
Revenue growth 23 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.
−0.7%
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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.
+7.0%
Earnings growth per share plus dividend.
Earnings per share, growth per year+3.0%
Dividend (yield on the price)4.0%
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.3% vs −24%, 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.−4% → 1%
Start year 2020 (pandemic)
⚠ Revenue per share shrinking 5.0%/yr over ~10Y (margins eroding too) ⓘ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
Price in line with expectations
The price assumes about as much growth as 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).
+0.5%
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 −1.1% a year for the price.
Compare Ledtech Electronics Corp with another stock
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.Electrical Equipment & Parts · 552 stocks
Beats the industry median on 7/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score59 · Above median
Fair Value upside−59% · Below median
Profitability
Return on equity (TTM)0% · Bottom 25%
Return on assets0% · Bottom 25%
Net margin (TTM)0% · Bottom 25%
Operating margin (TTM)−3% · Bottom 25%
Growth and dividend
Revenue growth−12% · Bottom 25%
Dividend yield (TTM)4.0% · Top 25%
Balance sheet
Debt / equity0.03× · Below median
Valuation Multiplesvs Electrical Equipment & Parts median · lower = cheaper
P/E (TTM)175.0× · Priciest 25%
P/B1.01× · Cheaper than median
P/S (TTM)1.31× · Cheaper than median
P/FCF0.6× · Cheapest 25%
EV/EBITDA16.1× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 0
FUTURE (revenue growth)0· sector 58
PAST (return on equity)0· sector 26
HEALTH (low debt)98· sector 97
DIVIDEND (yield)81· sector 23
VALUE 0: the price sits above our fair-value range.
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.
Is Ledtech Electronics Corp (6164) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 5.06 TWD versus a price of 12.25 TWD, about −59% upside (overvalued).
What is the fair value of 6164?
Our model-based fair value for Ledtech Electronics Corp is 5.06 TWD (as of Sep 24, 2026), built from audited fundamentals. The current price: 12.25 TWD.
What is the quality score of 6164?
Ledtech Electronics Corp has a Quality Score of 59/100. 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 Ledtech Electronics Corp (6164)?
Our model-based price target is the fair value of 5.06 TWD (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 4.99 TWD, optimistic scenario 5.11 TWD. It is a calculation from audited fundamentals, not an analyst target.
What is the Ledtech Electronics Corp stock forecast for 2026?
Our models put fair value at 5.06 TWD, about −59% upside versus a price of 12.25 TWD (overvalued). Cautious scenario 4.99 TWD, optimistic scenario 5.11 TWD. The calculation is refreshed regularly with new filings.
What is the revenue of Ledtech Electronics Corp (6164)?
Ledtech Electronics Corp reported trailing-twelve-month revenue of about 707M TWD (latest available figure, as of Sep 24, 2026).
Does Ledtech Electronics Corp pay a dividend?
Ledtech Electronics Corp currently shows a dividend yield of about 4.03% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Ledtech Electronics Corp (6164)?
For today's price to be fair in a discounted-cash-flow model, Ledtech Electronics Corp would have to grow free cash flow by +0.5 % 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 -0.8 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of 6164 use?
Our models discount Ledtech Electronics Corp at 9.0 %: a base by market capitalisation (nano), damped by beta 0.51, 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 Ledtech Electronics Corp that is +0.5 % per year a year over ten years, using the same discount rate (9.0 %) and the same formula as our fair value.
How much growth has Ledtech Electronics Corp (6164) delivered so far?
Over the past 5 years revenue at Ledtech Electronics Corp grew -0.8 % a year. The price currently implies +0.5 % 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 Ledtech Electronics Corp (6164) growing?
The median revenue growth in the sector is +8.2 % a year. That is the yardstick for the growth priced into Ledtech Electronics Corp (+0.5 % 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 Ledtech Electronics Corp (6164)?
The free-cash-flow yield on the price is 5.48 %: that much free cash flow Ledtech Electronics Corp 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 Ledtech Electronics Corp (6164)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Ledtech Electronics Corp it is 5.06 TWD per share (as of Sep 24, 2026), against a price of 12.25 TWD. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Ledtech Electronics Corp stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 6164 trades above its calculated fair value: price 12.25 TWD, fair value 5.06 TWD, a gap of about −59% (overvalued). 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 6164?
No. The price is what the market pays today (12.25 TWD); the fair value is what the company's own numbers justify (5.06 TWD). For Ledtech Electronics Corp the two are 7.19 TWD per share apart. That gap is exactly why we show both numbers side by side.
How much is Ledtech Electronics Corp worth?
The market values Ledtech Electronics Corp at about 926M TWD (market capitalisation, as of Sep 24, 2026). Per share that is 12.25 TWD; our models calculate a fair value of 5.06 TWD per share.
What do the bullish and bearish scenarios say about 6164?
Our models span a range for Ledtech Electronics Corp: cautious scenario 4.99 TWD, base 5.06 TWD, optimistic 5.11 TWD per share (as of Sep 24, 2026, price 12.25 TWD). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 6164?
Ledtech Electronics Corp trades at a price-to-earnings ratio of 175.0 (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 5.06 TWD is built from several models across several years. Other multiples: P/B 1.0, P/S 1.3, EV/EBITDA 16.1.
How solid is the balance sheet of Ledtech Electronics Corp (6164)?
Balance-sheet figures for Ledtech Electronics Corp (as of Sep 24, 2026): return on equity 0.1%, debt of 0.03 per unit of equity. They feed the Quality Score of 59/100, which measures business quality independently of the share price.
How far is 6164 from its 52-week high?
Ledtech Electronics Corp trades at 12.25 TWD, about 30% below its 52-week high of 17.40 TWD and 34% above the low of 9.17 TWD (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 5.06 TWD is for.
Which stocks are comparable to Ledtech Electronics Corp?
From the same area (Industrials) we also value Contemporary Amperex Technology Co, ABB Ltd, Vertiv Holdings, Prysmian S.p.A, 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 Ledtech Electronics Corp stock attractive at the current price?
The data as of Sep 24, 2026: price 12.25 TWD, calculated fair value 5.06 TWD (−59%), Quality Score 59/100, 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 6164 calculated?
We run Ledtech Electronics Corp 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 5.06 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 13.2 % above its aggregate fair value. Ledtech Electronics Corp itself currently trades above fair value. 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 Ledtech Electronics Corp (6164)?
The closing price on Sep 24, 2026 was 12.25 TWD. Our model-based fair value is 5.06 TWD, about −59% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Ledtech Electronics Corp right now?
The price sits above even our optimistic bull case (5.11 TWD). The favourable scenario is already priced in. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder. The models converge in a tight band (4.99 TWD to 5.11 TWD), unusually little disagreement for a valuation.
Where does the earnings growth of Ledtech Electronics Corp (6164) come from?
Earnings per share at Ledtech Electronics Corp grew −11.0 % a year from 2014 to 2025. Broken into its drivers: revenue per share −4.3 %, EBIT margin −15.6 %, tax rate −3.8 %, residual (interest, one-offs) +14.5 %. 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 Ledtech Electronics Corp
How large is the market capitalisation of Ledtech Electronics Corp (6164)?
The market capitalisation of Ledtech Electronics Corp is 926M TWD (≈ $29.1M). 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 Ledtech Electronics Corp (6164)?
The price-to-sales ratio of Ledtech Electronics Corp is 1.35 (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 Ledtech Electronics Corp (6164)?
Earnings per share at Ledtech Electronics Corp are 0.0700 TWD (price ÷ EPS = P/E 175.0). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Ledtech Electronics Corp (6164)?
The dividend yield of Ledtech Electronics Corp is 4.0%. 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 Ledtech Electronics Corp (6164)?
The net margin of Ledtech Electronics Corp is 0.8% (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 Ledtech Electronics Corp (6164)?
The return on equity (ROE) of Ledtech Electronics Corp is 0.1% (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 Ledtech Electronics Corp (6164)?
On an EBIT basis the return on assets of Ledtech Electronics Corp is 0.5% (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 Ledtech Electronics Corp (6164)?
The operating margin of Ledtech Electronics Corp is −2.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Ledtech Electronics Corp (6164)?
Revenue at Ledtech Electronics Corp is growing −11.9% versus a year earlier (3y avg −6.1%). 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 Ledtech Electronics Corp (6164)?
Earnings per share at Ledtech Electronics Corp are growing −50.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Ledtech Electronics Corp (6164) hold?
Ledtech Electronics Corp holds more cash than debt, 187M TWD net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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