Lu Hai Holding Corp. AI Stock Analysis
Lu Hai Holding Corp. (2115) AI Stock Analysis
Lu Hai Holding Corp.
(TWSE:2115)
Lu Hai scores in the middle of the range. The dominant factor is mixed financial performance: a very conservative, low-leverage balance sheet and solid cash conversion are offset by flat-to-declining revenue, sharply compressed margins and an ROE of only ~5%. Valuation is the main positive, with a modest 14.5x P/E, a high 6.5% dividend yield and low volatility (beta 0.24), though the payout's durability hinges on an earnings turnaround. Technicals are the key near-term drag, with price below its 20- and 50-day averages and a negative MACD, albeit at oversold levels that still sit above the longer-term 100- and 200-day trend lines. Investors are paid to wait, but evidence of renewed revenue growth and margin recovery is needed for a higher score.
Lu Hai Holding Corp. (2115) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 2.40B
- Dividend Yield
- 6.54%
- Average Volume (3M)
- 57.80K
- Price to Earnings (P/E)
- 12.6
- Beta (1Y)
- 0.24
- Revenue Growth
- 13.54%
- EPS Growth
- -9.75%
- Country
- TW
- Employees
- 1,291
- Sector
- General
- Sector Strength
- 55
- Industry
- Auto - Parts
Lu Hai Holding Corp. Business Overview & Revenue Model
Company Description
Luhai Holding Corp., founded in 1980 and based in Changhua, Taiwan, operates as a worldwide supplier of tire valve systems and associated products. The company's diverse product portfolio encompasses a full spectrum of valves, including sophisticated...
Lu Hai Holding Corp. Financial Statement Overview
Summary
A conservative balance sheet (score 73) is the clear strength: debt was cut to NT$863M, debt-to-equity is just 0.27 and equity funds ~69% of assets, leaving minimal refinancing risk. Cash flow (61) also improved, with operating cash flow of NT$349M comfortably exceeding net income of NT$165M and a third consecutive year of positive free cash flow, though heavy capex absorbs over half of operating cash and results have been volatile. The income statement (48) is the weak link: revenue slipped ~2% to NT$2.98B and remains below its 2021 peak, while net margin compressed from ~23% in 2020 to 5.5% and ROE fell to roughly 5%, reflecting poor operating leverage against fixed costs and depreciation.
Income Statement
48NeutralBalance Sheet
73PositiveCash Flow
61Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.17B | 2.98B | 3.13B | 2.59B | 3.04B | 3.40B |
| Gross Profit | 580.51M | 615.28M | 692.70M | 532.61M | 664.58M | 846.00M |
| EBITDA | 466.21M | 520.47M | 617.24M | 568.47M | 583.38M | 720.88M |
| Net Income | 164.74M | 165.32M | 213.52M | 175.03M | 226.86M | 399.29M |
Balance Sheet | ||||||
| Total Assets | 5.09B | 4.64B | 4.94B | 4.73B | 4.87B | 5.17B |
| Cash, Cash Equivalents and Short-Term Investments | 889.69M | 844.42M | 1.03B | 981.99M | 1.08B | 1.17B |
| Total Debt | 992.83M | 862.73M | 1.08B | 1.06B | 1.06B | 1.26B |
| Total Liabilities | 1.79B | 1.40B | 1.67B | 1.70B | 1.83B | 2.21B |
| Stockholders Equity | 3.28B | 3.22B | 3.27B | 3.03B | 3.04B | 2.96B |
Cash Flow | ||||||
| Free Cash Flow | -107.82M | 153.23M | 99.95M | 28.86M | 315.30M | -152.04M |
| Operating Cash Flow | 98.07M | 349.41M | 245.18M | 261.52M | 700.50M | 407.46M |
| Investing Cash Flow | -112.18M | -160.91M | -136.65M | -227.44M | -303.62M | -216.47M |
| Financing Cash Flow | -150.88M | -352.01M | -95.11M | -117.38M | -422.86M | 88.41M |
Lu Hai Holding Corp. Peers Comparison
Overall Rating
TW:156863Neutral- TW:211559Neutral
TW:455752Neutral
TW:151741Neutral
TW:454540Underperform
TW:153339Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:1568 | 63Neutral | TWD 2.69B | 14.52 | ― | 3.64% | 4.95% | 65.01% |
| TW:2115 | 59Neutral | TWD 2.40B | 12.56 | ― | 6.54% | 13.54% | -9.75% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:4557 | 52Neutral | TWD 2.57B | -13.57 | ― | 3.72% | -15.26% | 314.72% |
| TW:1517 | 41Neutral | TWD 2.15B | -15.74 | ― | 1.99% | -4.28% | 19.85% |
| TW:4545 | 40Underperform | TWD 2.68B | 27.59 | ― | 0.34% | 1.97% | 1277.45% |
| TW:1533 | 39Underperform | TWD 2.44B | 9.23 | ― | ― | 20.93% | 285.82% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:2115 | Lu Hai Holding Corp. | 22.95 | -1.40 | -5.76% | |
| TW:1517 | Lee Chi Enterprises Co., Ltd. | 10.05 | -1.67 | -14.26% | |
| TW:1533 | Mobiletron Electronics Co., Ltd. | 24.75 | -8.35 | -25.23% | |
| TW:1568 | Tsang Yow Industrial Co., Ltd. | 27.45 | 6.22 | 29.32% | |
| TW:4545 | Min Aik Precision Industrial Co., Ltd. | 38.20 | 5.33 | 16.20% | |
| TW:4557 | Yusin Holding Corp. | 53.80 | -11.84 | -18.04% |
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Nov 09, 2026