Laster Tech Co., Ltd. (3346) AI Stock Analysis

Laster Tech Co., Ltd.

(TWSE:3346)

Select Model

Rating:37Underperform

Price Target:TWD 17.00▼(-6.08% Downside)

Action:initiatedcoverage

Date:11/10/26

The overall score is at the lowest possible level, reflecting a convergence of severe risks. The primary driver is the company's extremely weak financial performance, marked by collapsing margins and unreliable cash flow. This is compounded by a bearish technical trend with the stock in a clear downtrend and oversold conditions, and a valuation that offers no support due to negative earnings. The company faces fundamental and market-driven headwinds with no apparent positive catalysts.

Positive Factors

Growing Equity BaseA growing equity base and stable assets provide a foundation for ongoing operations and investment. Although leverage has increased, accumulated equity can help absorb business volatility and supports the company’s ability to maintain its operating platform through the next several quarters.

Negative Factors

Revenue DeclineThe shift from modest revenue growth in 2024 to contraction in 2025 indicates weakening demand, execution, or market conditions affecting the business. Sustained top-line pressure would reduce operating leverage, limit reinvestment capacity, and make a durable earnings recovery more difficult.

Laster Tech Co., Ltd. (3346) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 2.22B
Dividend Yield: 0.61%
Average Volume (3M): 488.28K
Price to Earnings (P/E): -13.1
Beta (1Y): 1.04
Revenue Growth: -13.27%
EPS Growth: -1332.38%
Country: TW
Employees: 3,454
Sector: General
Sector Strength: 55
Industry: Hardware, Equipment & Parts

Laster Tech Co., Ltd. Business Overview & Revenue Model

Company Description

Laster Tech Co., Ltd. manufactures and sells LED chips and components in Taiwan, China, and Thailand. The company offers automotive lighting products, including tail lights, brake lights, fog lights, turn signals, side markers, and day time running l...

Laster Tech Co., Ltd. Financial Statement Overview

Summary

Financial health is under severe strain. Revenue is declining (-4.2%), profitability has collapsed with a net margin of just 0.15%, and cash flow is volatile and deteriorating, with free cash flow down 61.4%. A leveraged balance sheet (D/E 1.15) and a near-zero ROE (0.37%) amplify the risk, making this the most significant negative factor.

Income Statement

35Negative

Balance Sheet

42Neutral

Cash Flow

30Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Mar 2023	Dec 2021
Income Statement
Total Revenue	7.74B	8.54B	9.34B	8.47B	6.61B	5.66B
Gross Profit	721.46M	900.56M	1.30B	1.22B	844.17M	867.65M
EBITDA	-16.20M	308.39M	680.31M	663.09M	335.28M	402.63M
Net Income	-166.89M	13.17M	271.36M	310.80M	30.98M	96.17M
Balance Sheet
Total Assets	11.00B	10.33B	10.58B	9.53B	8.49B	6.30B
Cash, Cash Equivalents and Short-Term Investments	3.46B	2.64B	2.47B	1.35B	1.40B	837.26M
Total Debt	4.89B	4.10B	4.03B	3.21B	3.39B	1.99B
Total Liabilities	7.53B	6.75B	7.06B	6.25B	5.75B	3.92B
Stockholders Equity	3.47B	3.58B	3.52B	3.28B	2.74B	2.38B
Cash Flow
Free Cash Flow	-246.36M	148.84M	554.23M	-119.61M	-1.10B	-376.30M
Operating Cash Flow	-72.93M	399.97M	744.50M	176.54M	-195.84M	-244.10M
Investing Cash Flow	-321.04M	-1.26B	-29.18M	-389.65M	-781.22M	-205.77M
Financing Cash Flow	918.75M	110.98M	412.24M	74.95M	1.72B	563.05M

Laster Tech Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:3346 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:6530	66Neutral	TWD 2.50B	29.71	―	2.78%	15.55%	39.57%
TW:2070	60Neutral	TWD 2.32B	15.11	―	2.73%	24.08%	89.46%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:5244	39Underperform	TWD 2.31B	-76.93	―	1.18%	4.95%	-149.34%
TW:3346	37Underperform	TWD 2.23B	-13.12	―	0.61%	-13.27%	-1332.38%
TW:6588	36Underperform	TWD 2.74B	407.37	―	―	94.18%	―

* General Sector Average

Performance Comparison

TW:3346 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:3346	Laster Tech Co., Ltd.	18.10	-1.54	-7.84%
TW:2070	Ching Chan Optical Technology Co., Ltd.	55.00	16.89	44.33%
TW:5244	Brightek Optoelectronic Co., Ltd.	33.85	-4.04	-10.66%
TW:6530	Axcen Photonics Corp	71.90	16.24	29.18%
TW:6588	East Tender Optoelectronics Corp.	77.40	49.50	177.42%
TW:7772	Morrison Opto Electronics Ltd.	97.10	31.03	46.96%

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 10, 2026

Laster Tech Co., Ltd. AI Stock Analysis