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Lite-On Technology Corporation (2301) Fair Value & Analysis

Technology · TW · Market cap 465B TWD

LO Lite-On Technology Corporation 2301 · TW
Price267.00 TWD
Fair Value121.96 TWD
Upside-54.3%
Quality69/100
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Weak Growth
Thin margins · 8.9% net margin
Low debt · generates free cash flow
2.29% dividend yield
Ranks above peers (9/15)
Moderate moat 52/100
Evidence: High Range 92.15 TWD – 154.50 TWD Share as image

Fair value as of: Aug 13, 2026

From 24 valuation models · updated today

Fair value updated Aug 13, 2026, revised from 114.97 TWD to 121.96 TWD (+6.1%) since Jul 17, 2026. Share price +23.6% over the past month.

A solid business, but screening 54% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (154.50 TWD). The favourable scenario is already priced in.
  • Solid but not exceptional quality (69/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

271.50 TWD 43.05 TWD Fair Value 121.96 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 43.05 TWD – 271.50 TWD · fair‑value band 92.15 TWD – 154.50 TWD · the 267.00 TWD price screens above the 121.96 TWD fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

Full chart & analysis →

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Analysis

Lite-On Technology Corporation (2301) currently trades at 267.00 TWD, while our model-based Fair Value estimate is 121.96 TWD, implying the stock looks roughly 54.3% overvalued today. The Quality Score stands at 69/100 (solid 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: high).

Over the trailing twelve months, Lite-On Technology Corporation generated revenue of 173B TWD at a net margin of 8.9%. Revenue grew 19.2% year over year. It earns a return on equity of 17.3%. The balance sheet holds a net cash position of 56.6B TWD. Fundamentals as of Aug 13, 2026

Our scenario range runs from 92.15 TWD (bear case) to 154.50 TWD (bull case); at 267.00 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 near its 52-week high and 165% above its 52-week low, currently above its 200-day average. For context, the median of 10 Technology peers we cover trades at -61% fair-value upside, at -54%, 2301 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 71.64 TWD 86.35 TWD 112.54 TWD 80
Residual Income 44.60 TWD 55.10 TWD 129.82 TWD 76
Rev-Margin DCF 86.20 TWD 116.23 TWD 152.50 TWD 74
All 24 models by family
DCF Models
FCF DCF 69.82 TWD 84.84 TWD 113.76 TWD 38
Owner Earnings 88.07 TWD 110.82 TWD 154.62 TWD 31
5Y Revenue Exit 86.20 TWD 115.42 TWD 158.01 TWD 39
5Y EBITDA Exit 112.82 TWD 161.53 TWD 226.05 TWD 41
5Y P/E Exit 122.74 TWD 178.72 TWD 245.33 TWD 38
10Y Revenue Exit 77.85 TWD 99.52 TWD 123.28 TWD 36
10Y EBITDA Exit 96.22 TWD 128.69 TWD 164.17 TWD 37
10Y P/E Exit 102.39 TWD 139.57 TWD 175.75 TWD 35
Earnings-Based
Graham-Dodd 45.27 TWD 55.33 TWD 62.25 TWD 54
EPV 87.82 TWD 97.26 TWD 105.65 TWD 59
Dividend Discount
Gordon GGM 43.64 TWD 47.99 TWD 54.68 TWD 70
DDM Multi-Stage 43.64 TWD 55.69 TWD 73.13 TWD 61
Multiples
P/E Multiple 139.81 TWD 186.42 TWD 233.02 TWD 63
P/S Multiple 84.89 TWD 113.18 TWD 141.48 TWD 58
P/B Multiple 84.89 TWD 113.18 TWD 141.48 TWD 55
EV/EBIT 167.09 TWD 211.33 TWD 255.58 TWD 53
EV/EBITDA 155.72 TWD 196.18 TWD 236.64 TWD 54
EV/Revenue 101.46 TWD 130.22 TWD 158.98 TWD 43
Asset-Based
NCAV (Graham) 19.79 TWD 26.51 TWD 39.57 TWD 50
Growth DCF
Growth DCF 71.64 TWD 86.35 TWD 112.54 TWD 80
Rev-Margin DCF 86.20 TWD 116.23 TWD 152.50 TWD 74
Economic Profit
Residual Income 44.60 TWD 55.10 TWD 129.82 TWD 76
ROIC Compounder 87.82 TWD 98.06 TWD 107.58 TWD 72
Growth Earnings
Growth-Adj P/E 97.80 TWD 139.71 TWD 181.62 TWD 68

Widest divergence: Growth Earnings (139.71 TWD) versus Asset-Based (26.51 TWD). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 173B TWD
Revenue growth (YoY) +19.2%
Net margin 8.9%
Return on equity 17.3%
Free cash flow 7.9B TWD FY2025
P/E ratio 39.5
More key figures
Operating margin 9.4%
EPS (TTM) 6.76 TWD
Dividend yield 2.3%
EPS growth (YoY) +10.7%
Net cash 56.6B TWD FY2025

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

Quality Score breakdown

Overall quality 69/100

Of which business quality 66 · Market factors (momentum, volatility) 74

Profitability 50
Margins and returns on capital today
Quality Growth 67
Are margins and returns improving?
Cashflow 34
Earnings quality: real cash, not paper profit
Fin. Strength 85
Balance sheet, leverage, solvency risk
Investment 89
Disciplined investing over empire-building
Low Volatility 28
Calm price path (market factor)
Momentum 89
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 94
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

Lite-On Technology Corporation, together with its subsidiaries, engages in the research, design, manufacturing, and sale of optoelectronic semiconductor components and power managements modules in Asia, the Americas, Europe, and internationally.

Full company description

Lite-On Technology Corporation, together with its subsidiaries, engages in the research, design, manufacturing, and sale of optoelectronic semiconductor components and power managements modules in Asia, the Americas, Europe, and internationally. The company offers optoelectronic semiconductors, including visible, UV, and automotive LEDs, couplers, optical sensors, and IR emitters and detectors; energy management solutions, such as data center power supply systems, cloud server chassis, power supply modules, and magnetic components; and consumer electronics comprising 3C accessories and PC power supply, as well as networking adapter. It also provides networking and surveillance products, which include video surveillance products, access control and alarms, networking solutions, and server and motherboard; automotive electronics, such as ADAS, AC charging, and DC charging solutions; and roadway intellimation system comprising roadway lighting intellimation products, intelligent traffic signal systems, and AI predictive maintenance solutions. In addition, the company offers green data center, smart life, clean mobility, and infrastructure solutions. Further, it is involved in general investment; market information collection and after-sales service; manufacturing and sales of mobile phone molds and assembly lines; CD player sale; software development and applications; IT consultation; and solar system engineering. The company was founded in 1975 and is headquartered in Taipei, Taiwan.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Lite-On Technology Corporation reported revenue of 166B TWD in FY2025 versus 165B TWD in FY2021, a compound +0.2%/yr. Reported net income was 15.1B TWD in FY2025, compounding +2.1%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
166B TWD
Latest YoY
+21.1%
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.
−1.4%
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.
+1.1%
Avg. growth/yr (25Y) 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%
Revenue +0.2%/yr
FY21 165B TWD
FY22 173B TWD
FY23 148B TWD
FY24 137B TWD
FY25 166B TWD
Net income +2.1%/yr
FY21 13.9B TWD
FY22 14.2B TWD
FY23 14.6B TWD
FY24 11.9B TWD
FY25 15.1B TWD
Character of growth · EPS growth decomposed (2014-2025) +7.0 % p.a.
Revenue per share −4.1 pp

of which total revenue −4.4 pp · buybacks/dilution +0.3 pp

EBIT margin +9.8 pp
Tax rate +0.5 pp
Residual (interest, one-offs) +0.9 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).

2301 screens 54% overvalued. Compare with Dell Technologies Inc →

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Cite: Fair Value Calculator (2026). "Lite-On Technology Corporation Fair Value". https://www.fairvalue-calculator.com/stock/2301

Peer Group

Computer Hardware · 224 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 −54% · Below median
Return on equity (TTM) 17% · Top 25%
Return on assets 5% · Above median
Net margin (TTM) 9% · Above median
Operating margin (TTM) 9% · Top 25%
Revenue growth 19% · Above median
Dividend yield (TTM) 2.3% · Above median
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Computer Hardware median · lower = cheaper

P/E (TTM) 39.5× · Pricier than median
P/B 5.18× · Pricier than 75% of peers
P/S (TTM) 2.69× · Pricier than 75% of peers
P/FCF 1.8× · Pricier than median
EV/EBITDA 19.2× · Pricier than median
PEG 0.86× · Cheaper 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 96 · sector 59
PAST 69 · sector 23
HEALTH 98 · sector 97
DIVIDEND 46 · sector 42

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

Insider activity: 45/100

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 Computer Hardware stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
Dell Technologies Inc DELL $484.50 $187.75 -61%
Arista Networks, Inc ANET $210.50 $57.72 -73%
Western Digital Corporation WDC $454.10 $90.94 -80%
Hygon Information Technology Co 688041 ¥287.66 ¥30.66 -89%
Hangzhou Hikvision Digital Technology Co 002415 ¥36.47 ¥40.44 +11%
Shenzhen Longsys Electronics Co 301308 ¥414.30 ¥91.67 -78%
Lenovo Group 0992 HK$29.04 HK$4.30 -85%
Dawning Information Industry Co 603019 ¥86.42 ¥39.38 -54%
Inspur Electronic Information Industry Co 000977 ¥75.02 ¥44.02 -41%
Advantech Co 2395 686.00 TWD 265.18 TWD -61%

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Frequently asked questions

Is Lite-On Technology Corporation (2301) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of 121.96 TWD versus a price of 267.00 TWD, about −54% (overvalued).
What is the fair value of 2301?
Our model-based fair value for Lite-On Technology Corporation is 121.96 TWD (as of Aug 13, 2026), built from audited fundamentals. The current price is 267.00 TWD.
What is the quality score of 2301?
Lite-On Technology 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 Lite-On Technology Corporation (2301)?
Lite-On Technology Corporation reported trailing-twelve-month revenue of about 173B TWD (latest available figure, as of Aug 13, 2026).
What is the net profit margin of 2301?
The net profit margin of Lite-On Technology Corporation is about 8.9%, meaning it keeps roughly 8.9% of revenue as net income. Based on the latest reported figures.
Does Lite-On Technology Corporation pay a dividend?
Lite-On Technology Corporation currently shows a dividend yield of about 2.01% relative to its recent price (as of Aug 13, 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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