Emerging Display Technologies Corp AI Stock Analysis
Emerging Display Technologies Corp (3038) AI Stock Analysis
Emerging Display Technologies Corp
(TWSE:3038)
Emerging Display Technologies scores in the middle of the range. The dominant factor is a three-year revenue contraction of roughly 36% that has halved margins and cut return on equity to 6.3%, which keeps the financial performance score modest despite a genuinely strong balance sheet (debt-to-equity of 0.18) and healthy free cash flow generation. Technicals reinforce caution, with the price below all key moving averages and a negative MACD, although the stock is deeply oversold. Valuation provides the main offset: a 13.1x P/E and a 6.2% dividend yield backed by real cash flow offer income appeal and downside cushion for patient investors. The investment case hinges on whether revenue can stabilize and restore earnings momentum.
Emerging Display Technologies Corp (3038) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 2.61B
- Dividend Yield
- 6.43%
- Average Volume (3M)
- 185.33K
- Price to Earnings (P/E)
- 15.4
- Beta (1Y)
- 0.48
- Revenue Growth
- -9.99%
- EPS Growth
- 1.97%
- Country
- TW
- Employees
- 1,061
- Sector
- General
- Sector Strength
- 55
- Industry
- Hardware, Equipment & Parts
Emerging Display Technologies Corp Business Overview & Revenue Model
Company Description
Emerging Display Technologies Corp. (EDT) functions as a global manufacturer and supplier of advanced display solutions, specializing in capacitive touch panels and a wide variety of liquid crystal displays (LCDs). The company's market presence spans...
Emerging Display Technologies Corp Financial Statement Overview
Summary
A financially sound but commercially challenged business. The balance sheet (76) is the standout: equity funds about 66% of assets, debt-to-equity is just 0.18 after multi-year deleveraging, and cash flow (68) remains resilient with NT$432m operating cash flow and NT$360m free cash flow, backed by operating cash flow at more than 2.5x net income. The income statement (44) is the drag: revenue has fallen three straight years and is down roughly 36% from its 2022 peak, operating margin has compressed from 11.8% to 6.0%, net margin halved to 5.4%, and return on equity slid from 18.5% to 6.3%. Gross margin stability near 23% suggests a demand and scale problem rather than pricing weakness, but earnings visibility remains poor until revenue stabilizes.
Income Statement
44NeutralBalance Sheet
76PositiveCash Flow
68Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.89B | 3.01B | 3.61B | 4.39B | 4.69B | 4.18B |
| Gross Profit | 627.04M | 693.17M | 826.95M | 1.01B | 917.45M | 713.18M |
| EBITDA | 305.57M | 266.89M | 486.72M | 590.66M | 577.62M | 342.02M |
| Net Income | 213.39M | 163.31M | 327.90M | 418.15M | 420.00M | 237.28M |
Balance Sheet | ||||||
| Total Assets | 3.85B | 3.89B | 3.97B | 4.15B | 4.29B | 3.59B |
| Cash, Cash Equivalents and Short-Term Investments | 1.76B | 1.98B | 1.87B | 1.85B | 1.69B | 1.12B |
| Total Debt | 506.76M | 456.90M | 368.04M | 455.33M | 737.50M | 478.81M |
| Total Liabilities | 1.28B | 1.27B | 1.25B | 1.53B | 1.96B | 1.52B |
| Stockholders Equity | 2.50B | 2.58B | 2.68B | 2.59B | 2.27B | 2.03B |
Cash Flow | ||||||
| Free Cash Flow | 278.74M | 359.84M | 376.76M | 544.11M | 584.98M | 96.57M |
| Operating Cash Flow | 345.93M | 431.74M | 483.18M | 667.73M | 750.70M | 150.00M |
| Investing Cash Flow | -108.45M | -8.41M | -572.98M | -42.11M | -306.60M | -77.75M |
| Financing Cash Flow | -284.62M | -164.82M | -345.05M | -521.05M | 78.29M | -492.33M |
Emerging Display Technologies Corp Peers Comparison
Overall Rating
TW:316863Neutral
TW:305160Neutral- TW:303860Neutral
TW:306044Neutral
TW:495641Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:3168 | 63Neutral | TWD 3.09B | 13.11 | ― | 7.38% | 14.17% | 21.79% |
| TW:3051 | 60Neutral | TWD 3.22B | 9.90 | ― | 2.54% | 0.82% | 73.31% |
| TW:3038 | 60Neutral | TWD 2.87B | 15.37 | ― | 6.43% | -9.99% | 1.97% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:3060 | 44Neutral | TWD 3.31B | 18.89 | ― | 0.76% | 25.49% | ― |
| TW:4956 | 41Neutral | TWD 3.22B | 90.03 | ― | ― | 1.03% | ― |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:3038 | Emerging Display Technologies Corp | 18.65 | -1.56 | -7.73% | |
| TW:3051 | Optimax Technology Corporation | 19.65 | 0.44 | 2.31% | |
| TW:3060 | Min Aik Technology Co., Ltd. | 26.45 | -2.39 | -8.28% | |
| TW:3168 | Data Image Corporation | 40.65 | -0.64 | -1.54% | |
| TW:4956 | Epileds Technologies, Inc. | 32.95 | 13.65 | 70.73% | |
| TW:6775 | Entire Technology Co Ltd | 28.60 | -0.73 | -2.51% |
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