Lingsen Precision Industries, Ltd. AI Stock Analysis
Lingsen Precision Industries, Ltd. (2369) AI Stock Analysis
Lingsen Precision Industries, Ltd.
(TWSE:2369)
Lingsen Precision scores near the low end of the range, driven primarily by weak financial performance: negative gross margins, a widening net loss, and free cash flow that turned deeply negative while debt rose to fund capex. A conservatively leveraged balance sheet (debt-to-equity 0.31, equity funding ~63% of assets) provides a buffer, but the equity base is shrinking under accumulated losses. Technicals reinforce the caution, with the stock trading below all major moving averages and negative MACD momentum. Valuation offers little support given negative earnings and a dividend yield of only 1.30% that sits uneasily with negative free cash flow. A recovery in utilization and pricing is needed before the outlook can improve materially.
Lingsen Precision Industries, Ltd. (2369) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 9.55B
- Dividend Yield
- 1.16%
- Average Volume (3M)
- 4.45M
- Price to Earnings (P/E)
- 70.1
- Beta (1Y)
- 1.20
- Revenue Growth
- 31.46%
- EPS Growth
- ―
- Country
- TW
- Employees
- 2,890
- Sector
- General
- Sector Strength
- 55
- Industry
- Semiconductors
Lingsen Precision Industries, Ltd. Business Overview & Revenue Model
Company Description
Lingsen Precision Industries, Ltd. is a prominent entity within the global semiconductor industry, with extensive operations across Taiwan, the Americas, Europe, Japan, Asia, and mainland China. The company specializes in the integration and rigorous...
Lingsen Precision Industries, Ltd. Financial Statement Overview
Summary
Profitability is the core problem: gross margin turned negative (-1.6%) in 2025 and the net loss widened to -NT$394 million from -NT$168 million, with operating losses in five of the last six years and revenue still ~28% below the 2021 peak. Cash generation deteriorated sharply, with operating cash flow collapsing ~85% to NT$94 million and free cash flow swinging to -NT$414 million as capex continued, forcing a ~35% increase in borrowings. The balance sheet remains the offsetting strength — equity funds about 63% of assets and debt-to-equity is a modest 0.31 — but equity is eroding and ROE is -8.2%, so the cushion is narrowing.
Income Statement
22NegativeBalance Sheet
58NeutralCash Flow
30Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.52B | 5.56B | 5.37B | 5.66B | 6.01B | 7.73B |
| Gross Profit | 294.90M | -87.58M | 7.82M | 216.56M | 520.77M | 1.47B |
| EBITDA | 544.55M | 190.18M | 454.64M | 644.90M | 929.88M | 1.81B |
| Net Income | -36.20M | -394.25M | -168.23M | -156.46M | 207.29M | 873.85M |
Balance Sheet | ||||||
| Total Assets | 7.77B | 7.60B | 7.50B | 7.94B | 8.76B | 9.42B |
| Cash, Cash Equivalents and Short-Term Investments | 1.44B | 1.77B | 1.87B | 1.51B | 1.85B | 1.65B |
| Total Debt | 1.46B | 1.49B | 1.10B | 1.36B | 1.89B | 1.77B |
| Total Liabilities | 2.67B | 2.62B | 2.02B | 2.26B | 2.81B | 3.33B |
| Stockholders Equity | 4.92B | 4.80B | 5.28B | 5.45B | 5.71B | 5.85B |
Cash Flow | ||||||
| Free Cash Flow | -476.02M | -414.13M | 401.75M | 324.33M | 258.46M | -147.72M |
| Operating Cash Flow | 121.21M | 93.95M | 622.13M | 736.82M | 1.12B | 1.26B |
| Investing Cash Flow | -523.30M | -346.37M | 71.64M | -441.78M | -821.16M | -1.32B |
| Financing Cash Flow | 263.51M | 271.47M | -372.89M | -648.56M | -378.55M | 331.23M |
Lingsen Precision Industries, Ltd. Peers Comparison
Overall Rating
TW:626159Neutral
TW:328955Neutral
TW:670638Underperform- TW:236938Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:6261 | 59Neutral | TWD 8.52B | 13.76 | ― | 3.74% | 13.87% | 34.24% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:3289 | 55Neutral | TWD 9.76B | 25.00 | ― | 4.22% | -1.90% | -10.19% |
| TW:6706 | 38Underperform | TWD 9.54B | -37.35 | ― | ― | -40.08% | 16.61% |
| TW:2369 | 38Underperform | TWD 9.68B | 70.09 | ― | 1.16% | 31.46% | ― |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:2369 | Lingsen Precision Industries, Ltd. | 26.30 | 3.10 | 13.36% | |
| TW:3289 | Integrated Service Technology Inc. | 119.00 | 17.36 | 17.08% | |
| TW:4925 | JMicron Technology Corporation | 101.50 | 66.97 | 193.91% | |
| TW:6261 | Youngtek Electronics Corporation | 66.80 | 8.72 | 15.01% | |
| TW:6706 | Fittech Co., Ltd. | 124.00 | 45.20 | 57.36% | |
| TW:7415 | BE Epitaxy Semiconductor Technology Co Ltd | 372.00 | -424.65 | -53.30% |
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