Bright Led Electronics Corp AI Stock Analysis
Bright Led Electronics Corp (3031) AI Stock Analysis
Bright Led Electronics Corp
(TWSE:3031)
Bright LED Electronics scores moderately well, anchored by a fortress-like, essentially debt-free balance sheet and dependable free cash flow that nearly fully covers reported earnings — providing real downside protection and supporting a 3.45% dividend yield. Offsetting this are clear core-business weaknesses: revenue has stalled well below its 2021–2022 peak, operating margin has halved to 8.3%, profits increasingly depend on non-operating income, and return on equity is a modest 6.5%. Valuation looks stretched at a 31.5x P/E given that earnings profile. Technically, the shares remain above their 50-, 100- and 200-day averages, though momentum has cooled in the short term. A re-rating likely requires evidence of operating-margin recovery and renewed revenue growth.
Bright Led Electronics Corp (3031) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 5.31B
- Dividend Yield
- 3.23%
- Average Volume (3M)
- 2.93M
- Price to Earnings (P/E)
- 33.8
- Beta (1Y)
- 0.89
- Revenue Growth
- 19.33%
- EPS Growth
- 4.14%
- Country
- TW
- Employees
- 288
- Sector
- General
- Sector Strength
- 55
- Industry
- Hardware, Equipment & Parts
Bright Led Electronics Corp Business Overview & Revenue Model
Company Description
Bright LED Electronics Corp. operates as a global supplier, specializing in the production and distribution of light-emitting diodes (LEDs), indicator lights, displays, and various other related products. With a broad international presence, the comp...
Bright Led Electronics Corp Financial Statement Overview
Summary
A tale of two halves. The balance sheet is exceptionally strong (score 89): equity funds ~83% of assets, total debt is just NT$114 million for a debt-to-equity of 0.04, leaving virtually no refinancing or interest-rate risk. Cash flow is also solid (score 81), with operating cash flow at a six-year high of NT$306 million, minimal capex and free cash flow of NT$295 million covering ~96% of net income. The weak link is the income statement (score 56): revenue of NT$1.14 billion is flat-to-lower and well below the 2021–2022 peak, operating margin has halved to 8.3%, gross margin slipped to 26.7%, and net income now exceeds operating profit, meaning non-operating income is carrying much of the bottom line. Return on equity of just 6.5% points to an under-utilized capital base.
Income Statement
56NeutralBalance Sheet
89Very PositiveCash Flow
81Very Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.25B | 1.14B | 1.18B | 1.13B | 1.51B | 1.53B |
| Gross Profit | 343.99M | 304.57M | 330.96M | 306.52M | 365.35M | 439.57M |
| EBITDA | 218.00M | 150.48M | 245.95M | 288.95M | 280.53M | 385.09M |
| Net Income | 158.21M | 188.62M | 188.71M | 181.55M | 200.38M | 249.23M |
Balance Sheet | ||||||
| Total Assets | 3.62B | 3.54B | 3.60B | 3.57B | 3.57B | 3.67B |
| Cash, Cash Equivalents and Short-Term Investments | 1.01B | 1.13B | 1.10B | 831.27M | 1.11B | 1.06B |
| Total Debt | 31.25M | 114.21M | 124.24M | 98.66M | 112.38M | 124.53M |
| Total Liabilities | 648.07M | 538.98M | 536.97M | 525.70M | 582.71M | 636.46M |
| Stockholders Equity | 2.89B | 2.92B | 2.96B | 2.95B | 2.86B | 2.91B |
Cash Flow | ||||||
| Free Cash Flow | 114.83M | 294.81M | 232.44M | 162.94M | 107.00M | 136.45M |
| Operating Cash Flow | 120.80M | 306.01M | 248.78M | 172.21M | 111.84M | 163.44M |
| Investing Cash Flow | 78.01M | 7.18M | 56.97M | -252.07M | 124.98M | -103.76M |
| Financing Cash Flow | -251.18M | -190.18M | -161.14M | -128.45M | -190.92M | -118.23M |
Bright Led Electronics Corp Peers Comparison
Overall Rating
- TW:303167Neutral
TW:330358Neutral
TW:824053Neutral
TW:363045Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:3031 | 67Neutral | TWD 4.72B | 33.80 | ― | 3.23% | 19.33% | 4.14% |
| TW:3303 | 58Neutral | TWD 4.62B | 10.30 | ― | 5.89% | 14.20% | 11.73% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:8240 | 53Neutral | TWD 4.33B | 22.56 | ― | 2.85% | -11.48% | 21.46% |
| TW:3630 | 45Neutral | TWD 4.73B | -16.28 | ― | ― | 14.51% | -252.10% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:3031 | Bright Led Electronics Corp | 31.00 | 11.81 | 61.56% | |
| TW:3303 | Univacco Technology Inc. | 50.90 | 6.19 | 13.84% | |
| TW:3585 | Advance Materials Corporation | 48.30 | 34.70 | 255.15% | |
| TW:3630 | Newmax Technology Co., Ltd. | 22.80 | -6.20 | -21.38% | |
| TW:3717 | Excellence Optoelectronics Holding Co., Inc. | 23.00 | 4.74 | 25.98% | |
| TW:8240 | Wah Hong Industrial Corp. | 45.60 | 12.58 | 38.09% |
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