Lelon Electronics Corp. (2472) AI Stock Analysis

Lelon Electronics Corp.

(TWSE:2472)

Select Model

Rating:67Neutral

Price Target:TWD 163.00▼(-7.39% Downside)

Action:initiatedcoverage

Date:11/10/26

The overall score is supported primarily by strong profitability, low leverage, and a solid balance sheet. Weak cash-flow conversion and significant technical weakness materially reduce the score, while valuation remains reasonably supportive.

Positive Factors

Solid ProfitabilityHealthy gross and net margins indicate the company retains meaningful earnings power within its component manufacturing business. Improved earnings versus 2024 provide a stronger base for reinvestment and resilience, while the margin profile supports durable profitability over the next several quarters.

Negative Factors

Inconsistent Cash ConversionAlthough cash generation remains positive, inconsistent conversion from earnings to free cash flow can constrain internally funded growth and shareholder distributions. The recent decline and prior negative year indicate that working-capital or investment swings may continue to make cash outcomes uneven.

Lelon Electronics Corp. (2472) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 27.92B
Dividend Yield: 1.99%
Average Volume (3M): 2.98M
Price to Earnings (P/E): 16.8
Beta (1Y): 1.90
Revenue Growth: 20.68%
EPS Growth: 44.10%
Country: TW
Employees: 2,775
Sector: General
Sector Strength: 55
Industry: Hardware, Equipment & Parts

Lelon Electronics Corp. Business Overview & Revenue Model

Company Description

Lelon Electronics Corp. is a global enterprise dedicated to the development, production, and distribution of a diverse range of capacitors. Their primary offerings encompass various aluminum electrolytic capacitor designs, including radial leaded, su...

Lelon Electronics Corp. Financial Statement Overview

Summary

Strong profitability and balance-sheet quality support the score: income statement score 82 and balance-sheet score 85. Positive operating and free cash flow are offset by declining free cash flow, weaker earnings-to-cash conversion, and operating-margin pressure.

Income Statement

82Very Positive

Balance Sheet

85Very Positive

Cash Flow

67Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	12.31B	11.29B	10.49B	9.00B	10.35B	9.96B
Gross Profit	3.82B	3.54B	3.23B	2.53B	3.17B	2.93B
EBITDA	3.24B	2.88B	2.89B	2.18B	2.77B	2.32B
Net Income	1.62B	1.44B	1.16B	922.33M	1.73B	1.47B
Balance Sheet
Total Assets	19.80B	18.21B	16.73B	14.78B	14.68B	13.16B
Cash, Cash Equivalents and Short-Term Investments	5.95B	5.63B	4.84B	3.80B	3.37B	2.39B
Total Debt	1.66B	2.09B	2.46B	2.70B	2.60B	2.52B
Total Liabilities	5.20B	4.41B	4.45B	4.26B	4.50B	4.20B
Stockholders Equity	9.54B	9.09B	8.05B	7.06B	6.82B	5.97B
Cash Flow
Free Cash Flow	869.91M	1.21B	1.59B	585.32M	1.49B	-656.34M
Operating Cash Flow	2.06B	2.20B	2.18B	1.26B	2.58B	661.60M
Investing Cash Flow	-869.97M	-990.98M	-480.92M	-544.23M	-1.07B	-1.29B
Financing Cash Flow	-991.62M	-1.02B	-574.11M	-563.78M	-612.28M	-222.60M

Lelon Electronics Corp. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:2472 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:2428	69Neutral	TWD 24.85B	13.23	―	3.08%	19.78%	25.02%
TW:2472	67Neutral	TWD 28.33B	16.83	―	1.99%	20.68%	44.10%
TW:3357	64Neutral	TWD 19.96B	13.55	―	2.82%	30.96%	30.72%
TW:6173	63Neutral	TWD 33.31B	32.54	―	1.17%	23.02%	140.90%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:8042	51Neutral	TWD 17.60B	34.30	―	0.91%	22.17%	1207.91%
TW:5475	39Underperform	TWD 23.58B	161.96	―	―	100.79%	―

* General Sector Average

Performance Comparison

TW:2472 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:2472	Lelon Electronics Corp.	176.00	69.12	64.68%
TW:2428	Thinking Electronic Industrial Co., Ltd.	191.50	4.00	2.13%
TW:3357	TAI-TECH Advanced Electronics Co., Ltd.	180.00	24.67	15.89%
TW:5475	Glotech Industrial Corp	204.00	139.00	213.85%
TW:6173	Prosperity Dielectrics Co., Ltd.	219.00	147.82	207.65%
TW:8042	Taiwan Chinsan Electronic Industrial Co.	131.00	85.19	185.99%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

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

Lelon Electronics Corp. AI Stock Analysis