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High Power Lighting Corp (6559) Fair Value & Analysis

Industrials · TW · Market cap 350M TWD

HP High Power Lighting Corp 6559 · TWO
Price18.10 TWD
Fair Value7.49 TWD
Upside-58.6%
Quality59/100
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Expensive Growth
Thin margins · 7.2% net margin
negative free cash flow
1.33% dividend yield
Trails peers (4/12)
Narrow moat 26/100
Evidence: High Range 4.71 TWD – 7.84 TWD Share as image

Fair value as of: Jul 21, 2026

From 17 valuation models · updated 20 days ago

Share price −5.0% over the past month.

A solid business, but screening 59% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (7.84 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (59/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

46.01 TWD 5.59 TWD Fair Value 7.49 TWD Feb 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 21, 2026.

How to read this chart

60‑month range 5.59 TWD – 46.01 TWD · fair‑value band 4.71 TWD – 7.84 TWD · the 18.10 TWD price screens above the 7.49 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 21, 2026.

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Analysis

High Power Lighting Corp (6559) currently trades at 18.10 TWD, while our model-based Fair Value estimate is 7.49 TWD, implying the stock looks roughly 58.6% overvalued today. The Quality Score stands at 59/100 (solid quality), in the Industrials sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, High Power Lighting Corp generated revenue of 95.7M TWD at a net margin of 7.2%. Revenue grew 8.7% year over year. It earns a return on equity of 2.8%. The balance sheet holds a net cash position of 216M TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 4.71 TWD (bear case) to 7.84 TWD (bull case); at 18.10 TWD, the current price sits above 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 66% below its 52-week high and 76% above its 52-week low, currently above its 200-day average. For context, the median of 10 Industrials peers we cover trades at -48% fair-value upside, at -59%, 6559 screens richer 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
Residual Income 7.37 TWD 7.11 TWD 5.57 TWD 76
Gordon GGM 5.44 TWD 9.80 TWD 13.49 TWD 70
Growth-Adj P/E 3.45 TWD 4.93 TWD 6.41 TWD 68
All 17 models by family
DCF Models
Owner Earnings 13.29 TWD 15.76 TWD 19.29 TWD 31
Earnings-Based
Graham-Dodd 2.03 TWD 7.82 TWD 10.60 TWD 54
Lynch FV 1.91 TWD 2.73 TWD 3.55 TWD 50
PEG = 1.0 1.91 TWD 2.73 TWD 3.55 TWD 46
EPV 10.21 TWD 10.41 TWD 10.57 TWD 59
Dividend Discount
Gordon GGM 5.44 TWD 9.80 TWD 13.49 TWD 70
DDM Multi-Stage 5.44 TWD 8.95 TWD 10.47 TWD 61
Multiples
P/E Multiple 4.71 TWD 6.28 TWD 7.84 TWD 63
P/S Multiple 3.81 TWD 5.08 TWD 6.35 TWD 58
P/B Multiple 3.81 TWD 5.08 TWD 6.35 TWD 55
EV/EBIT 11.32 TWD 12.17 TWD 13.02 TWD 53
EV/EBITDA 13.58 TWD 15.19 TWD 16.79 TWD 54
EV/Revenue 10.59 TWD 11.37 TWD 12.15 TWD 43
Asset-Based
NCAV (Graham) 5.39 TWD 7.22 TWD 10.78 TWD 50
Economic Profit
Residual Income 7.37 TWD 7.11 TWD 5.57 TWD 76
ROIC Compounder 10.21 TWD 10.41 TWD 10.57 TWD 67
Growth Earnings
Growth-Adj P/E 3.45 TWD 4.93 TWD 6.41 TWD 68

Widest divergence: DCF Models (15.76 TWD) versus Earnings-Based (2.73 TWD). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 95.7M TWD
Revenue growth (YoY) +8.7%
Net margin 7.2%
Return on equity 2.8%
Free cash flow −13.3M TWD FY2025
P/E ratio 70.0
More key figures
Operating margin 2.1%
EPS (TTM) 0.3000 TWD
Dividend yield 1.3%
EPS growth (YoY) +144%
Net cash 216M TWD FY2024

Figures from reported company fundamentals · as of Jul 21, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 57 · Market factors (momentum, volatility) 56

Profitability 26
Margins and returns on capital today
Quality Growth 73
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 100
Balance sheet, leverage, solvency risk
Investment 89
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 62
Price trend over the last 3–12 months (market factor)
52W Momentum 54
Distance to the 52-week high (market factor)
Net Issuance 85
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

High Power Lighting Corp engages in the design, manufacture, and sale of light-emitting diode (LED) products and related components in Taiwan, South Korea, China, Hong Kong and internationally. Its products include UVA, UVB/UVC, IR, SWIR, and color products. High Power Lighting Corp was founded in 2005 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

High Power Lighting Corp reported revenue of 95.7M TWD in FY2025 versus 100M TWD in FY2021, a compound −1.2%/yr. Reported net income was 6.9M TWD in FY2025.

Growth Quality 34/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
95.7M TWD
Latest YoY
+17.4%
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.
+2.6%
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.
+3.9%
Avg. growth/yr (6Y) 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.
+0.8%
Revenue −1.2%/yr
FY21 100M TWD
FY22 88.7M TWD
FY23 65.7M TWD
FY24 81.5M TWD
FY25 95.7M TWD
Net income
FY21 −7.9M TWD
FY22 2.5M TWD
FY23 −8.0M TWD
FY24 12.8M TWD
FY25 6.9M TWD

6559 screens 59% overvalued. Compare with Contemporary Amperex Technology Co →

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Cite: Fair Value Calculator (2026). "High Power Lighting Corp Fair Value". https://www.fairvalue-calculator.com/stock/6559

Peer Group

Electrical Equipment & Parts · 526 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 59 · Above median
Fair Value upside −59% · Below median
Return on equity (TTM) 3% · Below median
Return on assets 1% · Below median
Net margin (TTM) 7% · Above median
Operating margin (TTM) 2% · Below median
Revenue growth 9% · Below median
Dividend yield (TTM) 1.3% · Above median

Valuation Multiples vs Electrical Equipment & Parts median · lower = cheaper

P/E (TTM) 50.3× · Pricier than median
P/B 1.40× · Cheaper than median
P/S (TTM) 3.66× · Pricier than median
EV/EBITDA 25.6× · Pricier than median

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 0 · sector 0
FUTURE 44 · sector 57
PAST 11 · sector 26
HEALTH 0 · sector 97
DIVIDEND 27 · sector 18

VALUE 0: the price sits above our fair-value range.

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 Electrical Equipment & Parts stocks, each showing price versus our Fair Value estimate (as of Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Contemporary Amperex Technology Co 3750 HK$675.50 HK$391.44 -42%
ABB Ltd ABBN CHF 83.82 CHF 35.46 -58%
Delta Electronics (Thailand) Public Company TDED 10.16 SGD 1.47 SGD -86%
LG Energy Solution, Ltd 373220 334,000 KRW 201,455 KRW -40%
WEG S.A WEGE3 13,210 ARS 7,948 ARS -40%
Sungrow Power Supply Co 300274 ¥114.79 ¥123.83 +8%
Shenzhen Inovance Technology Co 300124 ¥63.43 ¥33.04 -48%
HD Hyundai Electric Co 267260 823,000 KRW 371,133 KRW -55%
LS ELECTRIC Co 010120 190,000 KRW 31,517 KRW -83%
Sieyuan Electric Co 002028 ¥151.73 ¥71.69 -53%

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Frequently asked questions

Is High Power Lighting Corp (6559) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 7.49 TWD versus a price of 18.10 TWD, about −59% (overvalued).
What is the fair value of 6559?
Our model-based fair value for High Power Lighting Corp is 7.49 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 18.10 TWD.
What is the quality score of 6559?
High Power Lighting 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 revenue of High Power Lighting Corp (6559)?
High Power Lighting Corp reported trailing-twelve-month revenue of about 95.7M TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 6559?
The net profit margin of High Power Lighting Corp is about 7.2%, meaning it keeps roughly 7.2% of revenue as net income. Based on the latest reported figures.
Does High Power Lighting Corp pay a dividend?
High Power Lighting Corp currently shows a dividend yield of about 1.33% relative to its recent price (as of Jul 21, 2026).

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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