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Para Light Electronics Co (6226) Fair Value & Analysis

Technology · TW · Market cap 2.1B TWD

PL Para Light Electronics Co 6226 · TW
Price19.05 TWD
Fair Value34.41 TWD
Upside+80.6%
Quality50/100
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Weak Growth
Loss-making · -3.3% net margin
Low debt · negative free cash flow
Trails peers (3/10)
Narrow moat 19/100
Evidence: Low Range 31.84 TWD – 38.27 TWD Share as image

Fair value as of: Aug 13, 2026

From 3 valuation models · updated today

Fair value updated Aug 13, 2026, revised from 1.15 TWD to 34.41 TWD (+2,892.2%) since Jul 23, 2026. Share price −31.5% over the past month.

A solid business, screening 81% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (31.84 TWD). The market is more pessimistic than our downside scenario.
  • 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 quality (50/100) at a price below fair value, the discount is the argument here, not the business quality.
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Price vs Fair Value (5 years)

27.80 TWD 5.80 TWD Fair Value 34.41 TWD Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range 5.80 TWD – 27.80 TWD · fair‑value band 31.84 TWD – 38.27 TWD · the 19.05 TWD price screens below the 34.41 TWD fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Para Light Electronics Co (6226) currently trades at 19.05 TWD, while our model-based Fair Value estimate is 34.41 TWD, implying the stock looks roughly 80.6% undervalued today. The Quality Score stands at 50/100 (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: low), always confirm before acting.

Over the trailing twelve months, Para Light Electronics Co generated revenue of 603M TWD at a net margin of -3.3%. Revenue declined 3.6% year over year. It earns a return on equity of -1.6%. Net debt stands at 263M TWD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 31.84 TWD (bear case) to 38.27 TWD (bull case); at 19.05 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 near its 52-week high and 205% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -67% fair-value upside, at 81%, 6226 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
Gordon GGM 1.05 TWD 1.15 TWD 1.29 TWD 70
DDM Multi-Stage 1.05 TWD 1.30 TWD 1.64 TWD 61
NCAV (Graham) 4.86 TWD 6.52 TWD 9.73 TWD 50
All 3 models by family
Dividend Discount
Gordon GGM 1.05 TWD 1.15 TWD 1.29 TWD 70
DDM Multi-Stage 1.05 TWD 1.30 TWD 1.64 TWD 61
Asset-Based
NCAV (Graham) 4.86 TWD 6.52 TWD 9.73 TWD 50

Widest divergence: Asset-Based (6.52 TWD) versus Dividend Discount (1.15 TWD). Highest evidence: Gordon GGM (70).

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Key figures & financial health

Revenue (TTM) 603M TWD
Revenue growth (YoY) -3.6%
Net margin -3.3%
Return on equity -1.6%
Free cash flow −11.5M TWD FY2025
Operating margin -6.4%
More key figures
EPS (TTM) -0.2700 TWD
EPS growth (YoY) -16.3%
Net debt 263M TWD FY2025

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 50/100

Of which business quality 47 · Market factors (momentum, volatility) 80

Profitability 10
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 8
Earnings quality: real cash, not paper profit
Fin. Strength 63
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 78
Distance to the 52-week high (market factor)
Net Issuance 95
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

Para Light Electronics Co., Ltd. provides lighting solutions and opto-electronic components in the United States, Asia, Europe, and internationally.

Full company description

Para Light Electronics Co., Ltd. provides lighting solutions and opto-electronic components in the United States, Asia, Europe, and internationally. It offers visible, UV, IR, SMD, PLCC, display, and lamp LEDs; optical sensors; power semiconductors; and circuit board indicators, as well as UV sensors, LED back lights, integrated light modules, commercial and automotive lighting, and other lighting solutions. Para Light Electronics Co., Ltd. was incorporated in 1987 and is based in New Taipei City, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Para Light Electronics Co reported revenue of 609M TWD in FY2025 versus 936M TWD in FY2021, a compound −10.2%/yr. Reported net income was −32.2M TWD in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
609M TWD
Latest YoY
−7.1%
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.
−13.4%
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.
−5.5%
Avg. growth/yr (23Y) 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.
−0.5%
Revenue −10.2%/yr
FY21 936M TWD
FY22 938M TWD
FY23 759M TWD
FY24 655M TWD
FY25 609M TWD
Net income
FY21 −7.7M TWD
FY22 3.7M TWD
FY23 −74.8M TWD
FY24 −51.1M TWD
FY25 −32.2M TWD

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Cite: Fair Value Calculator (2026). "Para Light Electronics Co Fair Value". https://www.fairvalue-calculator.com/stock/6226

Peer Group

Electronic Components · 647 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 50 · Below median
Fair Value upside +76% · Top 25%
Return on assets -1% · Bottom 25%
Net margin (TTM) -3% · Bottom 25%
Operating margin (TTM) -6% · Bottom 25%
Revenue growth -4% · Below median
Debt / equity 0.14× · Higher than median

Valuation Multiples vs Electronic Components median · lower = cheaper

P/B 0.06× · Cheaper than 75% of peers
P/S (TTM) 0.11× · 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 36
PAST 0 · sector 24
HEALTH 93 · sector 95
DIVIDEND 0 · 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

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 Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,790 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%
Shengyi Technology Co 600183 ¥143.23 ¥36.30 -75%
Shennan Circuits Co 002916 ¥385.80 ¥125.52 -67%
Victory Giant Technology (HuiZhou) Co 2476 HK$238.60 HK$75.68 -68%
Kingboard Laminates Holdings 1888 HK$38.70 HK$8.95 -77%
Asia Vital Components Co 3017 2,910 TWD 1,369 TWD -53%
Nan Ya Printed Circuit Board Corporation 8046 1,215 TWD 1,768 TWD +46%

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Frequently asked questions

Is Para Light Electronics Co (6226) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 34.41 TWD versus a price of 19.05 TWD, about +81% (undervalued).
What is the fair value of 6226?
Our model-based fair value for Para Light Electronics Co is 34.41 TWD (as of Aug 13, 2026), built from audited fundamentals. The current price is 19.05 TWD.
What is the quality score of 6226?
Para Light Electronics Co has a Quality Score of 50/100. 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 Para Light Electronics Co (6226)?
Para Light Electronics Co reported trailing-twelve-month revenue of about 603M TWD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 6226?
The net profit margin of Para Light Electronics Co is about -3.3%, meaning it is currently running at a net loss. Based on the latest reported figures.

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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