Innolux Corp. stock analysis
Innolux Corp. (3481) Stock Price & Analysis
3481 Stock Chart & Stats
- Day’s Range
- TWD 34.20 - TWD 37.15
- 52-Week Range
- TWD 12.10 - TWD 72.60
- Previous Close
- TWD 38.00
- Volume
- N/A
- Average Volume (3M)
- 139.46M
- Market Cap
- TWD 288.01B
- Enterprise Value
- TWD 516.10B
- Total Cash (Recent Filing)
- TWD 99.24B
- Total Debt (Recent Filing)
- TWD 64.11B
- Price to Earnings (P/E)
- 51.0
- Beta
- 1.48
- Next Earnings
- Mar 17, 2027 (Est.)
- EPS Estimate
- N/A
- Last Dividend Ex-Date
- Jun 11, 2026
- Dividend Yield
- 2.77%
Bulls Say, Bears Say
Bulls Say
Revenue Rebound
The sharp 2025 revenue rebound demonstrates renewed demand across Innolux’s display businesses and improves operating scale after the prior downturn. If this recovery persists, higher volumes can support better capacity utilization and provide a foundation for rebuilding earnings over the next several quarters.
Manageable Leverage
Moderate leverage and a substantial equity base give Innolux financial flexibility during the display industry’s cycles. This balance-sheet position can reduce refinancing pressure, preserve borrowing capacity, and allow the company to support operations or targeted investment through periods of weaker demand.
Improving Cash Generation
The return to positive free cash flow and consistently positive operating cash flow indicates that the business is again converting operations into liquidity after the 2022–2023 downturn. Sustained improvement would strengthen self-funded investment capacity and support balance-sheet resilience across the cycle.
Bears Say
Very Thin Margins
Very low gross and net margins leave limited room to absorb changes in panel pricing, product mix, or operating costs. Even with strong revenue growth, modest execution or market pressure could materially reduce earnings, making durable profit expansion difficult without improved pricing or efficiency.
Boom-Bust Profitability
The swing from heavy losses to a brief recovery and then near break-even profitability shows that earnings remain highly cyclical and difficult to forecast. This volatility can constrain long-term planning, weaken confidence in recurring earnings power, and make future returns dependent on industry conditions.
Weak Returns On Equity
Near-zero return on equity in 2025 indicates that Innolux’s substantial capital base is not currently producing attractive or consistent profits. Persistently weak returns can limit retained-value creation for shareholders and suggest that balance-sheet strength has not yet translated into productive capital deployment.
3481 FAQ
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Company Description
Innolux Corp.
Innolux Corporation, established in Hsinchu City, Taiwan, in 2003, is a leading global entity specializing in the research, development, manufacturing, and sale of advanced display technologies. Renamed from Chimei Innolux Corporation in December 2012, the company's product portfolio primarily includes TFT-LCD panels, LCD modules, liquid crystal display (LCD) monitors, color filters, and low-temperature polysilicon (LTPS) TFT-LCDs. These display solutions are integral to a broad spectrum of applications, such as LCD televisions, public information displays (PIDs), computer monitors, notebooks, industrial and medical screens, automotive systems, tablets, smartphones, and various other consumer electronics. Beyond component manufacturing, Innolux delivers comprehensive display integration solutions, featuring cutting-edge innovations like 8K4K ultra-high resolution, active-matrix (AM) miniLED and microLED technologies, LTPS, and diverse touch functionalities. The company also undertakes extensive research, development, testing, and maintenance activities, alongside distribution and general investment initiatives. Its operational reach spans Taiwan, China, Hong Kong, the United States, Singapore, Europe, and numerous other international markets.
- Sector
- General
- Industry
- Hardware, Equipment & Parts
- CEO
- Jin-Yang Hung
- Employees
- 44,813
- Website
- www.innolux.com
- Address
- No.160, Kesyue Road, Miaoli, MIA, 35053, TW
Innolux Corp. (3481) Earnings & Revenues
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 6 | 2 | 14 |
| Technical Analysis | 6 | 2 | 2 |
| Moving Averages | 0 | 0 | 12 |

