Edison Opto Corporation (3591) AI Stock Analysis

Edison Opto Corporation

(TWSE:3591)

Select Model

Rating:51Neutral

Price Target:TWD 22.50▼(-11.24% Downside)

Action:initiatedcoverage

Date:11/10/26

The score is constrained primarily by sharply deteriorating profitability and weak technical momentum. A strong balance sheet, positive cash flow, and high dividend yield provide support, but they do not offset the net loss, margin compression, negative P/E, and price below all major moving averages.

Positive Factors

Conservative Balance SheetLow leverage and a substantial equity base provide financial flexibility during weaker industry conditions. This supports continued operations, reduces balance-sheet strain, and leaves more capacity to fund products or absorb earnings volatility without relying heavily on additional borrowing.

Negative Factors

Profitability DeteriorationThe latest annual results show a material weakening in earnings quality, with lower revenue, compressed gross margin, and a swing to a net loss. This reduces internally generated capital, weakens returns, and raises concern that profitability may remain sensitive to pricing or cost pressure.

Edison Opto Corporation (3591) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 3.28B
Dividend Yield: 4.54%
Average Volume (3M): 1.29M
Price to Earnings (P/E): 138.0
Beta (1Y): 0.88
Revenue Growth: 7.16%
EPS Growth: 163.81%
Country: TW
Employees: 470
Sector: General
Sector Strength: 55
Industry: Hardware, Equipment & Parts

Edison Opto Corporation Business Overview & Revenue Model

Company Description

Edison Opto Corporation is a company dedicated to the development, production, and global distribution of light-emitting diode (LED) lighting solutions. Their extensive product portfolio encompasses a wide range of offerings, from core LED components...

Edison Opto Corporation Financial Statement Overview

Summary

Weak profitability materially limits the score: revenue and margins declined in 2025 and the company recorded a net loss. This is partly offset by a strong balance sheet with low leverage and positive, though weaker, cash flow.

Income Statement

25Negative

Balance Sheet

78Positive

Cash Flow

62Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.39B	2.31B	2.56B	1.99B	1.84B	2.11B
Gross Profit	478.30M	489.96M	632.40M	511.35M	462.56M	510.21M
EBITDA	150.07M	121.77M	307.99M	189.12M	201.03M	287.24M
Net Income	-20.05M	-47.24M	141.91M	47.53M	25.65M	120.26M
Balance Sheet
Total Assets	4.69B	4.10B	4.19B	3.88B	3.83B	4.05B
Cash, Cash Equivalents and Short-Term Investments	1.27B	1.24B	1.22B	1.13B	1.16B	1.18B
Total Debt	872.41M	486.59M	300.25M	342.32M	582.99M	726.19M
Total Liabilities	1.61B	1.13B	1.00B	915.67M	1.05B	1.26B
Stockholders Equity	2.89B	2.80B	3.01B	2.84B	2.64B	2.64B
Cash Flow
Free Cash Flow	-285.68M	74.38M	158.16M	65.52M	70.70M	-360.04M
Operating Cash Flow	130.51M	188.10M	237.91M	136.09M	162.83M	127.00M
Investing Cash Flow	-541.08M	-240.10M	-151.34M	-80.97M	24.64M	-515.76M
Financing Cash Flow	145.24M	-4.07M	-72.87M	-111.62M	-234.82M	316.12M

Edison Opto Corporation Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:3591 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
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:3591	51Neutral	TWD 3.16B	138.00	―	4.54%	7.16%	163.81%
TW:3580	47Neutral	TWD 3.49B	53.58	―	1.40%	-19.96%	-63.63%
TW:4956	41Neutral	TWD 3.22B	90.03	―	―	1.03%	―
TW:8104	33Underperform	TWD 2.74B	-31.81	―	0.37%	-25.80%	-414.29%

* General Sector Average

Performance Comparison

TW:3591 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:3591	Edison Opto Corporation	25.35	5.78	29.55%
TW:3038	Emerging Display Technologies Corp	18.65	-1.33	-6.63%
TW:3580	UVAT Technology Co., Ltd.	86.00	29.94	53.42%
TW:4956	Epileds Technologies, Inc.	32.95	13.70	71.17%
TW:6775	Entire Technology Co Ltd	28.60	-0.59	-2.02%
TW:8104	RiTdisplay Corp	26.30	-4.35	-14.19%

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 09, 2026

Edison Opto Corporation AI Stock Analysis