Elite Advanced Laser Corporation AI Stock Analysis
Elite Advanced Laser Corporation (3450) AI Stock Analysis
Elite Advanced Laser Corporation
(TWSE:3450)
Solid and improving fundamentals are the main support: record revenue, sharply expanded margins, a 31% rise in net profit and healthy ROE on a moderately leveraged balance sheet. These strengths are offset by negative free cash flow from a heavy capital spending cycle, a tripling of debt and the inherent cyclicality of the semiconductor supply chain. Technicals are the biggest drag, with the stock trading well below every major moving average and MACD confirming a sustained downtrend. A premium P/E near 68 and a negligible 0.32% dividend yield leave little valuation support, resulting in a below-average overall score.
Elite Advanced Laser Corporation (3450) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 53.83B
- Dividend Yield
- 0.27%
- Average Volume (3M)
- 8.14M
- Price to Earnings (P/E)
- 75.6
- Beta (1Y)
- 2.19
- Revenue Growth
- -1.56%
- EPS Growth
- -16.64%
- Country
- TW
- Employees
- 1,863
- Sector
- General
- Sector Strength
- 55
- Industry
- Semiconductors
Elite Advanced Laser Corporation Business Overview & Revenue Model
Company Description
Based in Taiwan, Elite Advanced Laser Corporation specializes in delivering electronic manufacturing services. The company provides comprehensive assembly and rigorous testing solutions for a wide array of advanced components, including optoelectroni...
Elite Advanced Laser Corporation Financial Statement Overview
Summary
Elite Advanced Laser is in a strong recovery phase: revenue hit a record NT$8.58 billion (+13%), gross margin widened to 29.8%, operating margin to 18.7%, and net profit rose 31% to NT$730 million (Income Statement 76). The balance sheet remains workable with debt at only ~28% of equity and ROE improving to 14.4%, though borrowings tripled to NT$1.43 billion and equity funds just ~38% of total assets (Balance Sheet 67). Cash flow is the weak link: operating cash flow of NT$1.53 billion still exceeds net income, but fell year-over-year while ~NT$1.8 billion of capital spending pushed free cash flow to negative NT$299 million (Cash Flow 58). Earnings also remain highly cyclical, with a loss as recently as 2023.
Income Statement
76PositiveBalance Sheet
67PositiveCash Flow
58Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.04B | 8.58B | 7.57B | 5.40B | 6.78B | 7.20B |
| Gross Profit | 2.40B | 2.56B | 2.06B | 805.30M | 1.29B | 1.69B |
| EBITDA | 2.48B | 2.42B | 2.14B | 1.15B | 1.70B | 1.76B |
| Net Income | 717.57M | 729.80M | 556.43M | -76.16M | 648.32M | 371.05M |
Balance Sheet | ||||||
| Total Assets | 15.55B | 13.26B | 11.15B | 8.94B | 10.17B | 9.93B |
| Cash, Cash Equivalents and Short-Term Investments | 4.34B | 3.62B | 3.35B | 1.98B | 2.55B | 2.07B |
| Total Debt | 1.54B | 1.43B | 472.18M | 282.45M | 592.62M | 490.82M |
| Total Liabilities | 6.97B | 5.44B | 4.18B | 2.99B | 3.93B | 3.87B |
| Stockholders Equity | 5.58B | 5.06B | 4.43B | 3.80B | 3.97B | 4.04B |
Cash Flow | ||||||
| Free Cash Flow | -313.97M | -299.46M | 1.29B | 80.23M | 691.71M | -451.20M |
| Operating Cash Flow | 1.53B | 1.53B | 1.83B | 695.35M | 1.62B | 1.25B |
| Investing Cash Flow | -2.78B | -2.49B | -712.17M | -615.50M | -866.38M | -1.66B |
| Financing Cash Flow | 754.65M | 673.77M | -118.31M | -641.34M | -425.44M | 219.62M |
Elite Advanced Laser Corporation Peers Comparison
Overall Rating
TW:356373Outperform
TW:246766Neutral
TW:313166Neutral
TW:358359Neutral- TW:345059Neutral
TW:246444Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:3563 | 73Outperform | TWD 38.70B | 32.65 | ― | 2.15% | 16.99% | 26.72% |
| TW:2467 | 66Neutral | TWD 50.73B | 25.46 | ― | 1.74% | 71.68% | 144.03% |
| TW:3131 | 66Neutral | TWD 49.68B | 28.86 | ― | 2.70% | 37.72% | 73.19% |
| TW:3583 | 59Neutral | TWD 40.40B | 28.85 | ― | 2.41% | 7.90% | 44.45% |
| TW:3450 | 59Neutral | TWD 53.83B | 75.61 | ― | 0.27% | -1.56% | -16.64% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:2464 | 44Neutral | TWD 35.47B | 47.13 | ― | 0.30% | 19.16% | ― |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:3450 | Elite Advanced Laser Corporation | 369.50 | 119.00 | 47.51% | |
| TW:2464 | Mirle Automation Corp. | 156.00 | 93.34 | 148.97% | |
| TW:2467 | C Sun Mfg. Ltd. | 315.50 | 141.16 | 80.96% | |
| TW:3131 | Grand Process Technology Corporation | 1705.00 | 325.39 | 23.59% | |
| TW:3563 | MACHVISION, Inc. | 605.00 | 156.78 | 34.98% | |
| TW:3583 | Scientech Corporation | 486.50 | 164.99 | 51.32% |
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