Obermatt

Flags

Earnings warning

Top Bright

TAI:8499 · KYG8923R1002
Electronic Equipment, Instruments & ComponentsSmall

360

46
Medium confidence — indicative
EV / EBIT80
Price / Owner Earnings9
Owner Earnings Yield54
Dividend Yield1
Price/Sales52
EV / Gross Profit56
Price/Book86
Return on Capital54
Cash Return on Capital45
Return on Equity51
EBIT Margin96
Gross Profitability15
Cash Conversion47
Accruals1
Owner Earnings Margin52
Sales growth87
Profit Growth39
Long-Term EPS Growth49
Owner Earnings Growth23
Reinvestment75
Price momentum45
Debt load73
Refinancing71
Debt Payback100
Liquidity60
Analyst ratings27
Expectations trend50
Market mood4
Value Creation12/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Top Bright clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryTaiwan
IndustryElectronic Equipment, Instruments & Components
SizeSmall
TypePublic Company
ExchangeTWSE
Founded2013
ISINKYG8923R1002
Last UpdateApr 2, 2026
Index & Theme
SensorsDetectors, Sensors and MemsSoftware DevelopmentElectronicsManufacturing

Description

Analysis

Middle-of-the-road

Top Bright Holding Co., Ltd. sits in the middle of our grid: average quality, average price, no obvious signal in either direction.

On valuation, the picture is expensive. The owner-earnings multiple stands at 99.9×; owner earnings: the cash an owner could take out each year.

Growth is moderate; the safety picture is adequate. The company scores 12/20 on our value-creation score: creating some value.

No flags apply to this company at this time: accounts, balance sheet, and cash quality all pass. A clean bill of health is meaningful, not just the absence of a warning. This analysis describes numbers; it is not investment advice.

360° rank · history

1007550250
60
2023202420252026

All-time high

89

Jan 2025

All-time low

60

Jun 2026

Average rank

79

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
52
22
23
32
Price/Earnings
68
81
94
74
Price/Book
86
90
89
46
Dividend Yield
1
71
33
89
Value (overall)
51
79
56
61

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →