Top Bright Holding (8499) Fair Value & Analysis
Technology · TW · Market cap 11.2B TWD
Fair value as of: Jul 23, 2026
From 17 valuation models · updated 18 days ago
Share price −11.3% over the past month.
Below-average quality, and screening another 46% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (183.08 TWD). The favourable scenario is already priced in.
- Weak quality (39/100) and above fair value at the same time, the margin of safety is missing on both counts.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 23, 2026.
How to read this chart
60‑month range 112.00 TWD – 398.00 TWD · fair‑value band 129.47 TWD – 183.08 TWD · the 263.00 TWD price screens above the 141.34 TWD fair value. Dashed = 300-day average. As of Jul 23, 2026.
Analysis
Top Bright Holding (8499) currently trades at 263.00 TWD, while our model-based Fair Value estimate is 141.34 TWD, implying the stock looks roughly 46.3% overvalued today. The Quality Score stands at 39/100 (below-average quality), in the Technology 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: medium).
Over the trailing twelve months, Top Bright Holding generated revenue of 3.3B TWD at a net margin of 12.4%. Revenue grew 75.5% year over year. It earns a return on equity of 5.5%. Net debt stands at 606M TWD. Fundamentals as of Jul 23, 2026
Our scenario range runs from 129.47 TWD (bear case) to 183.08 TWD (bull case); at 263.00 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 36% below its 52-week high and 91% 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 -46%, 8499 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.
All 17 models by family
Widest divergence: Multiples (184.98 TWD) versus DCF Models (45.64 TWD). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 23, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 40 · Market factors (momentum, volatility) 36
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
Top Bright Holding Co., Ltd. engages in the research, development, manufacture, and sale of weighing instruments and electronic materials in China, Asia, Europe, and the Americas. It operates through Electronic Materials Department and Weighing Instruments Department segments.
Full company description
Top Bright Holding Co., Ltd. engages in the research, development, manufacture, and sale of weighing instruments and electronic materials in China, Asia, Europe, and the Americas. It operates through Electronic Materials Department and Weighing Instruments Department segments. The company offers price forklift scales, medical scales, smart weighing systems, smart cash register scale, smart barcode scales, smart industrial scales, intelligent weighing instruments, traceability scales, traditional pricing scales, precision balances, traditional weighing scales, traditional counting scales, weighing indicators, electronic crane scale, electronic floor scale, electronic platform scales, and peripheral accessories, as well as weighing application software development used in retail, commercial, industrial, laboratory, and healthcare fields. It also provides conductive tape, conductive foams, ferrite series, absorbing materials, conductive films, conductive shielding net, insulation tapes, shock-absorbing sealing materials, and thermal interface materials used in electronic equipment in various industries consumer electronics, such as mobiles, computers, and tablets; and cables, such as high voltage cables and wires, as well as transportation, automobile, and apparel industries. Top Bright Holding Co., Ltd. was founded in 1967 and is headquartered in Grand Cayman, the Cayman Islands.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Top Bright Holding reported revenue of 2.9B TWD in FY2025 versus 2.7B TWD in FY2021, a compound +2.3%/yr. Reported net income was 418M TWD in FY2025, compounding −13.1%/yr from FY2021.
of which total revenue +5.1 pp · buybacks/dilution −3.3 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).
8499 screens 46% overvalued. Compare with Delta Electronics, Inc →
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.
Valuation Multiples vs Electronic Components median · lower = cheaper
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: 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.
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 23, 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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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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