Logah Technology Co., Ltd. AI Stock Analysis
Logah Technology Co., Ltd. (3593) AI Stock Analysis
Logah Technology Co., Ltd.
(TWSE:3593)
Logah Technology scores at the low end of the range, driven primarily by weak fundamentals: five consecutive years of losses, a razor-thin ~1.0% gross margin, persistent negative free cash flow, and an eroding equity base that funds only about a fifth of total assets. Technicals reinforce the caution, with the stock trading below all major moving averages and MACD confirming negative momentum. Valuation offers no offset, as the P/E is negative and there is no dividend. The one positive is the direction of travel — revenue growth of roughly 25%, a materially smaller net loss, NT$267 million of debt repayment and sharply reduced cash burn — but sustained profitability and positive cash generation must be demonstrated before the risk profile improves.
Logah Technology Co., Ltd. (3593) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 589.40M
- Dividend Yield
- ―
- Average Volume (3M)
- 16.06K
- Price to Earnings (P/E)
- -6.1
- Beta (1Y)
- 0.48
- Revenue Growth
- -29.86%
- EPS Growth
- 55.45%
- Country
- TW
- Employees
- 581
- Sector
- General
- Sector Strength
- 55
- Industry
- Hardware, Equipment & Parts
Logah Technology Co., Ltd. Business Overview & Revenue Model
Company Description
Founded in 2003 and headquartered in Kaohsiung, Taiwan, Logah Technology Corp. specializes in a comprehensive range of manufacturing processes. The company's expertise includes automatic pinning, various molding techniques (such as cold and hot gloss...
Logah Technology Co., Ltd. Financial Statement Overview
Summary
Weak across all three statements despite an improving trend. Revenue rebounded roughly 25% to about NT$1.10 billion and the net loss narrowed from NT$204 million to NT$78 million, but the company has lost money for five straight years and a ~1.0% gross margin leaves no cushion to cover operating costs. The balance sheet remains fragile: equity has eroded to NT$291 million (only ~22% of assets) with debt-to-equity still at 1.37 and ROE at -26.7%, even after NT$267 million of debt reduction. Cash flow is the weakest link, with operating cash flow negative in five of six years and free cash flow still negative at -NT$41.4 million, meaning capital spending is funded externally. This is an early-stage turnaround with an encouraging trajectory but an unproven, high-risk financial foundation.
Income Statement
25NegativeBalance Sheet
30NegativeCash Flow
22Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 786.20M | 1.10B | 877.44M | 879.73M | 923.89M | 1.21B |
| Gross Profit | -26.55M | 11.26M | -51.16M | 74.55M | 44.94M | 101.91M |
| EBITDA | 11.10M | 35.12M | -62.38M | 55.87M | 36.53M | 83.40M |
| Net Income | -95.66M | -77.88M | -203.53M | -69.78M | -92.70M | -39.24M |
Balance Sheet | ||||||
| Total Assets | 1.14B | 1.33B | 1.47B | 1.43B | 1.42B | 1.46B |
| Cash, Cash Equivalents and Short-Term Investments | 91.13M | 353.12M | 69.47M | 119.43M | 126.71M | 97.53M |
| Total Debt | 364.88M | 400.11M | 666.60M | 659.43M | 345.50M | 236.87M |
| Total Liabilities | 929.82M | 1.04B | 1.18B | 960.07M | 884.27M | 848.62M |
| Stockholders Equity | 207.95M | 291.45M | 288.78M | 465.44M | 534.80M | 614.73M |
Cash Flow | ||||||
| Free Cash Flow | -242.81M | -41.45M | -137.49M | -61.41M | -155.55M | 64.82M |
| Operating Cash Flow | -137.92M | -2.28M | -45.55M | -3.16M | -119.86M | 98.78M |
| Investing Cash Flow | -130.31M | -27.39M | -56.84M | -93.10M | -72.92M | -33.12M |
| Financing Cash Flow | 256.19M | 306.70M | 64.48M | 88.54M | 241.40M | -56.45M |
Logah Technology Co., Ltd. Peers Comparison
Overall Rating
TW:349267Neutral
TW:362345Neutral- TW:359337Underperform
TW:524524Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:3492 | 67Neutral | TWD 689.31M | 15.19 | ― | 5.73% | -3.52% | -26.09% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:3623 | 45Neutral | TWD 634.79M | 22.64 | ― | ― | -0.21% | ― |
| TW:3593 | 37Underperform | TWD 607.04M | -6.14 | ― | ― | -29.86% | 55.45% |
| TW:5245 | 24Underperform | TWD 741.85M | -4.37 | ― | ― | -19.50% | -4.71% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:3593 | Logah Technology Co., Ltd. | 9.95 | -2.22 | -18.21% | |
| TW:2255 | Jet Optoelectronics Co., Ltd. | 11.95 | -14.90 | -55.49% | |
| TW:3492 | Advanced Connection Technology Inc. | 19.20 | -3.81 | -16.57% | |
| TW:3623 | Transtouch Technology Inc. | 21.25 | 0.80 | 3.91% | |
| TW:5245 | Wisechip Semiconductor Inc. | 18.10 | -4.00 | -18.10% | |
| TW:6665 | Healthconn Corp. | 15.60 | -5.15 | -24.83% |
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