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CviLux Corporation (8103) Fair Value & Analysis

Technology · TW · Market cap 6.1B TWD

CC CviLux Corporation 8103 · TW
Price80.30 TWD
Fair Value91.12 TWD
Upside+13.5%
Quality69/100
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Weak Growth
Solidly profitable · 10.3% net margin
Low debt · generates free cash flow
3.66% dividend yield
Ranks above peers (13/14)
Moderate moat 52/100
Evidence: High Range 68.34 TWD – 113.91 TWD Share as image

Fair value as of: Jul 21, 2026

From 26 valuation models · updated 20 days ago

Share price −10.0% over the past month.

A solid business, screening 13% undervalued on our models.

What matters now

  • Our model range runs from 68.34 TWD (bear) to 113.91 TWD (bull), base 91.12 TWD. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 69/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

128.00 TWD 27.13 TWD Fair Value 91.12 TWD Mar 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 27.13 TWD – 128.00 TWD · fair‑value band 68.34 TWD – 113.91 TWD · the 80.30 TWD price screens below the 91.12 TWD fair value. Dashed = 300-day average. As of Jul 21, 2026.

Full chart & analysis →

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Analysis

CviLux Corporation (8103) currently trades at 80.30 TWD, while our model-based Fair Value estimate is 91.12 TWD, implying the stock looks roughly 13.5% undervalued today. The Quality Score stands at 69/100 (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: high), always confirm before acting.

Over the trailing twelve months, CviLux Corporation generated revenue of 3.5B TWD at a net margin of 10.3%. Revenue grew 23.3% year over year. It earns a return on equity of 9.4%. The balance sheet holds a net cash position of 1.9B TWD. Fundamentals as of Jul 21, 2026

Our scenario range runs from 68.34 TWD (bear case) to 113.91 TWD (bull case); at 80.30 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 41% below its 52-week high and 93% above its 52-week low, currently below its 200-day average. For context, the median of 10 Technology peers we cover trades at -73% fair-value upside, at 13%, 8103 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
Growth DCF 85.49 TWD 107.81 TWD 137.65 TWD 80
Residual Income 41.32 TWD 44.83 TWD 53.21 TWD 76
Rev-Margin DCF 81.98 TWD 109.93 TWD 140.93 TWD 74
All 26 models by family
DCF Models
FCF DCF 84.41 TWD 109.15 TWD 144.05 TWD 38
Owner Earnings 72.26 TWD 91.36 TWD 118.31 TWD 31
5Y Revenue Exit 81.98 TWD 109.54 TWD 143.91 TWD 39
5Y EBITDA Exit 97.25 TWD 137.33 TWD 182.99 TWD 41
5Y P/E Exit 88.74 TWD 121.84 TWD 155.52 TWD 38
10Y Revenue Exit 80.91 TWD 105.58 TWD 137.08 TWD 36
10Y EBITDA Exit 91.81 TWD 124.17 TWD 165.52 TWD 37
10Y P/E Exit 86.56 TWD 113.81 TWD 145.53 TWD 35
Earnings-Based
Graham-Dodd 29.51 TWD 79.60 TWD 104.24 TWD 54
Lynch FV 15.58 TWD 22.26 TWD 28.94 TWD 50
PEG = 1.0 15.58 TWD 22.26 TWD 28.94 TWD 46
EPV 66.46 TWD 72.05 TWD 76.87 TWD 59
Dividend Discount
Gordon GGM 29.09 TWD 57.96 TWD 87.77 TWD 70
DDM Multi-Stage 29.09 TWD 44.55 TWD 60.34 TWD 61
Multiples
P/E Multiple 68.34 TWD 91.12 TWD 113.91 TWD 63
P/S Multiple 55.33 TWD 73.77 TWD 92.21 TWD 58
P/B Multiple 55.33 TWD 73.77 TWD 92.21 TWD 55
EV/EBIT 104.54 TWD 129.02 TWD 153.51 TWD 53
EV/EBITDA 114.76 TWD 142.65 TWD 170.55 TWD 54
EV/Revenue 83.51 TWD 105.98 TWD 128.45 TWD 43
Asset-Based
NCAV (Graham) 24.34 TWD 32.61 TWD 48.67 TWD 50
Growth DCF
Growth DCF 85.49 TWD 107.81 TWD 137.65 TWD 80
Rev-Margin DCF 81.98 TWD 109.93 TWD 140.93 TWD 74
Economic Profit
Residual Income 41.32 TWD 44.83 TWD 53.21 TWD 76
ROIC Compounder 68.33 TWD 76.83 TWD 86.14 TWD 72
Growth Earnings
Growth-Adj P/E 53.91 TWD 77.01 TWD 100.11 TWD 68

Widest divergence: DCF Models (109.54 TWD) versus Earnings-Based (22.26 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 3.5B TWD
Revenue growth (YoY) +23.3%
Net margin 10.3%
Return on equity 9.4%
Free cash flow 399M TWD FY2025
P/E ratio 24.9
More key figures
Operating margin 14.2%
EPS (TTM) 3.90 TWD
Dividend yield 3.0%
EPS growth (YoY) +16.4%
Net cash 1.9B TWD FY2025

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

Quality Score breakdown

Overall quality 69/100

Of which business quality 68 · Market factors (momentum, volatility) 43

Profitability 42
Margins and returns on capital today
Quality Growth 44
Are margins and returns improving?
Cashflow 66
Earnings quality: real cash, not paper profit
Fin. Strength 98
Balance sheet, leverage, solvency risk
Investment 69
Disciplined investing over empire-building
Low Volatility 21
Calm price path (market factor)
Momentum 41
Price trend over the last 3–12 months (market factor)
52W Momentum 70
Distance to the 52-week high (market factor)
Net Issuance 90
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

CviLux Corporation manufactures and sells electronics components in Taiwan, rest of Asia, Europe, the Americas, and internationally.

Full company description

CviLux Corporation manufactures and sells electronics components in Taiwan, rest of Asia, Europe, the Americas, and internationally. The company provides connectors, including IC socket, application tooling, and fiber optics, as well as board-to-board male and female header, coaxial, combo D-SUB, DVI, FFC/FPC, HDMI, IEEE 1394, LVDS, memory card, mini-DIN, power, ribbon cable, SIM card, serial ATA, telephone/modular jack, USB, wire to board crimp style, wire to board insulation displacement, wire to wire, and waterproof connectors. It also offers flexible flat cables, including FFC and LVDS cables; flexible printed circuits; cable assembly products, including IDC, type C, lightning, RF, fiber optical, HDMI, LVDS, and Fakra cables, as well as type C adapters and hubs; wiring harness, including industrial and automotive harness; printed circuit board assemblies; turnkey solution; and USB type C hub. It serves application of consumer electronics, computers, communication and electro-optical industries. CviLux Corporation was incorporated in 1990 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

CviLux Corporation reported revenue of 3.4B TWD in FY2025 versus 4.2B TWD in FY2021, a compound −5.2%/yr. Reported net income was 339M TWD in FY2025, compounding −0.0%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
3.4B TWD
Latest YoY
+5.2%
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.
−3.4%
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.
+1.4%
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.
+9.1%
Revenue −5.2%/yr
FY21 4.2B TWD
FY22 3.7B TWD
FY23 3.0B TWD
FY24 3.2B TWD
FY25 3.4B TWD
Net income −0.0%/yr
FY21 339M TWD
FY22 332M TWD
FY23 218M TWD
FY24 339M TWD
FY25 339M TWD
Character of growth · EPS growth decomposed (2014-2025) +1.5 % p.a.
Revenue per share +0.9 pp

of which total revenue +1.6 pp · buybacks/dilution −0.8 pp

EBIT margin +0.0 pp
Tax rate +0.8 pp
Residual (interest, one-offs) −0.1 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "CviLux Corporation Fair Value". https://www.fairvalue-calculator.com/stock/8103

Peer Group

Electronic Components · 625 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 69 · Top 25%
Fair Value upside +14% · Top 25%
Return on equity (TTM) 9% · Above median
Return on assets 5% · Top 25%
Net margin (TTM) 10% · Top 25%
Operating margin (TTM) 14% · Top 25%
Revenue growth 23% · Top 25%
Dividend yield (TTM) 3.7% · Top 25%
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Electronic Components median · lower = cheaper

P/E (TTM) 19.9× · Cheaper than 75% of peers
P/B 1.59× · Cheaper than median
P/S (TTM) 1.72× · Pricier than median
P/FCF 0.5× · Cheaper than 75% of peers
EV/EBITDA 5.4× · 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 51 · sector 0
FUTURE 100 · sector 32
PAST 38 · sector 24
HEALTH 99 · sector 95
DIVIDEND 73 · sector 25

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 Jul 21, 2026).

Stock Price Fair Value vs Fair Value
Delta Electronics, Inc 2308 1,880 TWD 515.23 TWD -73%
Hon Hai Precision Industry Co 2317 242.50 TWD 270.47 TWD +12%
Luxshare Precision Industry Co 002475 ¥62.14 ¥38.44 -38%
Samsung Electro-Mechanics Co 009150 1,260,000 KRW 166,421 KRW -87%
Elite Material Co 2383 4,990 TWD 714.36 TWD -86%
Yageo Corporation 2327 699.00 TWD 216.55 TWD -69%
Shengyi Technology Co 600183 ¥132.29 ¥27.45 -79%
Shennan Circuits Co 002916 ¥364.00 ¥93.50 -74%
Victory Giant Technology (HuiZhou) Co 2476 HK$297.00 HK$103.98 -65%
Wus Printed Circuit (Kunshan) Co 002463 ¥127.80 ¥31.95 -75%

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Frequently asked questions

Is CviLux Corporation (8103) overvalued or undervalued?
As of Jul 21, 2026, our model estimates a fair value of 91.12 TWD versus a price of 80.30 TWD, about +13% (undervalued).
What is the fair value of 8103?
Our model-based fair value for CviLux Corporation is 91.12 TWD (as of Jul 21, 2026), built from audited fundamentals. The current price is 80.30 TWD.
What is the quality score of 8103?
CviLux Corporation has a Quality Score of 69/100. 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 CviLux Corporation (8103)?
CviLux Corporation reported trailing-twelve-month revenue of about 3.5B TWD (latest available figure, as of Jul 21, 2026).
What is the net profit margin of 8103?
The net profit margin of CviLux Corporation is about 10.3%, meaning it keeps roughly 10.3% of revenue as net income. Based on the latest reported figures.
Does CviLux Corporation pay a dividend?
CviLux Corporation currently shows a dividend yield of about 2.97% 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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