Stock fact sheet · data as of
SemiLEDs Corporation (LEDS): fair value, margin of safety and Wheel Score
Technology · Semiconductors · Taiwan · Speculative / Distressed
Is LEDS undervalued?
SemiLEDs Corporation (LEDS) closed at 2.00 on 16 Oct 2026. The GLS average fair value - the simple average of the 1 valuation models that produced a positive number - is 9.50, which puts the price 79% below it. 1 of the 1 models value the shares above the current price. A gap this wide is rare in our universe of ~7,400 US stocks and is exactly what the Value part of the Wheel Score rewards; it is also where the question "why is it this cheap?" matters most.
Only 1 of the nine models produced a value (10 Cap); the others need a dividend, positive free cash flow or positive book value the company does not have yet, so the average rests on a narrow base.
The nightly engine files LEDS under Speculative / Distressed - negative earnings or a Piotroski score of 3 or less - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.
Nine valuation models for LEDS
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | - | - | The most a defensive investor pays for the earnings and book value per share; no value tonight |
| Graham Growth | - | - | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields; no value tonight |
| Lynch | - | - | EPS × the earnings growth rate (PEG of 1), growth capped at 25%; no value tonight |
| GLS Growth | - | - | EPS compounded ten years at the blended growth rate, discounted back at 15% a year; no value tonight |
| 10 Cap | 9.50 | +376% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | - | - | Eight years of compounded free cash flow: the price at which the business pays for itself; no value tonight |
| DDM | - | - | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend; no value tonight |
| EPV | - | - | Earnings power value: current EPS capitalised at 9% with no growth; no value tonight |
| Zombie (liquidation) | -0.1826 | -109% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 0.0000 | -100% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
Financial health is average - LEDS passes 6 of the nine Piotroski tests, which passes the Sunday Scan's "6 or more" rule. The Financials tab on the Quote page shows which tests fail. The GLS Moat score is low at 2.4 out of 10, which says the ten-year record of revenue, earnings, margins and returns on capital has been inconsistent - growth and shocks rather than steady compounding.
Returns on capital are thin or negative - ROIC -20.1%, ROE -40.6%, ROA -7.2% - with debt at 1.02 times equity and a free-cash-flow yield of 23.5%.
SemiLEDs Corporation pays no dividend, so the DDM model does not apply and a covered-call holder earns only the premium and any price gain. Revenue comes mainly from Other Products 94%, L E D Components 5%, Lighting Products 1% (fiscal year FY2025).
Institutional ownership scores 1/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 6 / 9 | ROIC | -20.1% |
|---|---|---|---|
| GLS Moat | 2.4 / 10 | ROE | -40.6% |
| Debt / equity | 1.02 | ROA | -7.2% |
| Free-cash-flow yield | 23.5% | Payout ratio | 0% |
| Institutions | 1 / 10 | Insiders · Congress | 5 · 5 / 10 |
Wheel Score 39: No options
LEDS has no listed options in the nightly snapshot, so there is nothing to sell and the stock cannot be wheeled however good the business; the Wheel Score is capped at 39 and shown as "No options" (39 here). The valuation and quality numbers still apply to owning the shares outright.
Volume runs at 5k shares a day on a market cap of $17M, with a beta of 1.49 - a high beta, so the stock tends to move more than the market and a strike can be gapped through; the Stability part of the Wheel Score gives that 5 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 79% margin of safety | |
| Health | 13 / 20 | Piotroski 6/9 | |
| Moat | 4 / 15 | moat 2.4/10 | |
| Premium | 0 / 20 | no option data | |
| Stability | 5 / 20 | 5k shares/day, $17M cap, beta 1.49 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
No upcoming earnings date is recorded for LEDS in the nightly calendar.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Semiconductors
The 12 companies below are the closest to SemiLEDs Corporation by market cap within the Semiconductors industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| MOBX Mobix Labs, Inc. | 0.8163 | - | - | 37No options | $15M |
| FABC Fabric.AI, Inc. | 2.20 | 4.47 | +51% | 30No options | $15M |
| PXLW Pixelworks, Inc. | 5.35 | 70.98 | +92% | 39No options | $32M |
| BZAI Blaize Holdings Inc. | 0.2749 | 16.71 | +98% | 45Weak | $40M |
| SCIA SCI Engineered Materials, Inc. | 9.22 | 7.90 | -17% | 31No options | $41M |
| SQNS Sequans Communications S.A. | 2.68 | - | - | 36Weak | $42M |
| GUER Guerrilla RF, Inc. | 4.10 | 4.53 | +9% | 34No options | $44M |
| WATT Energous Corporation | 8.94 | - | - | 30No options | $49M |
| PRSO Peraso Inc. | 0.3611 | - | - | 29No options | $5M |
| IPWR Ideal Power Inc. | 3.21 | 0.5859 | -448% | 21Weak | $53M |
| TRT Trio-Tech International | 5.12 | 2.33 | -120% | 21No options | $53M |
| INVE INVE Technologies, Inc. | 2.29 | 4.95 | +54% | 45Weak | $55M |
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Start free See the Sunday ScanQuestions about LEDS
Is LEDS undervalued right now?
By the GLS models, yes: at 2.00 the stock is 79% below the average fair value of 9.50 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of LEDS and what does it mean?
LEDS has no listed options in our nightly snapshot, so it cannot be wheeled; its Wheel Score is capped at 39 and shown as "No options".
What is the GLS fair value for LEDS?
9.50 per share as of 16 Oct 2026 - the simple average of the 1 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does SemiLEDs Corporation report earnings next?
No upcoming earnings date is recorded for LEDS in our calendar as of 16 Oct 2026; the Calendars page is refreshed every morning.
Does LEDS have listed options, and how liquid are they?
No. The nightly options snapshot found no listed contracts on LEDS, so the wheel strategy cannot be run on it and the Wheel Score is capped at 39.