New Era Electronics Co., Ltd. (4909) AI Stock Analysis

New Era Electronics Co., Ltd.

(TPEx:4909)

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Rating:46Neutral

Price Target:TWD 27.00▼(-10.30% Downside)

Action:initiatedcoverage

Date:11/10/26

The overall score is deeply pressured by a catastrophic collapse in revenue and profitability, which is the most significant risk factor. This is compounded by uniformly bearish technicals showing strong downward momentum. A fortress balance sheet and positive operating cash flow provide the only support, preventing a lower score by indicating the company has a runway to attempt a turnaround. The extreme dividend yield is a warning sign of unsustainability rather than a value opportunity.

Positive Factors

Very low leverageVery low leverage reduces solvency risk and preserves financial flexibility during weaker operating periods. A lightly indebted balance sheet can support continued investment, provide greater resilience against earnings volatility, and leave management more options for capital allocation.

Negative Factors

Sharp revenue deteriorationThe material 2025 revenue decline indicates that recent business performance has not been sustained. A shrinking top line can reduce operating leverage, weaken reinvestment capacity, and make it harder for the company to maintain stable earnings over the next several quarters.

New Era Electronics Co., Ltd. (4909) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 2.97B
Dividend Yield: 20.00%
Average Volume (3M): 491.38K
Price to Earnings (P/E): 41.4
Beta (1Y): 1.20
Revenue Growth: -87.35%
EPS Growth: -84.51%
Country: TW
Employees: 197
Sector: General
Sector Strength: 55
Industry: Hardware, Equipment & Parts

New Era Electronics Co., Ltd. Business Overview & Revenue Model

Company Description

New Era Electronics Co., Ltd, headquartered in Taoyuan City, Taiwan since its establishment in 1984, is a global manufacturer and seller of various printed circuit board (PCB) solutions. The company produces specialized microwave RF PCBs, which are i...

New Era Electronics Co., Ltd. Financial Statement Overview

Summary

Financial performance is deeply bifurcated. The income statement is in crisis with a 63.5% revenue collapse and deeply negative margins, indicating severe operational distress. However, the balance sheet is a fortress with negligible debt, and operating cash flow remains robust at 594M, driven by non-cash charges. The company is burning equity but not cash, creating a lifeline. Score reflects the critical income statement risk balanced by strong liquidity.

Income Statement

18Very Negative

Balance Sheet

72Positive

Cash Flow

65Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	229.83M	296.57M	2.78B	718.63M	494.66M	673.31M
Gross Profit	-49.67M	-30.00M	1.03B	75.86M	-64.50M	-16.71M
EBITDA	-5.22M	-77.62M	1.26B	69.45M	-13.27M	-91.93M
Net Income	69.23M	-116.66M	946.47M	38.89M	-54.77M	-117.86M
Balance Sheet
Total Assets	2.68B	2.69B	3.74B	2.61B	2.54B	2.67B
Cash, Cash Equivalents and Short-Term Investments	2.13B	2.13B	2.13B	1.82B	1.83B	1.93B
Total Debt	14.15M	20.21M	52.64M	26.70M	32.76M	140.78M
Total Liabilities	143.66M	146.38M	505.82M	229.79M	198.73M	291.30M
Stockholders Equity	2.54B	2.55B	3.23B	2.38B	2.34B	2.38B
Cash Flow
Free Cash Flow	-221.24M	579.21M	139.78M	3.85M	-79.12M	-116.25M
Operating Cash Flow	-207.19M	594.16M	167.75M	11.62M	-46.89M	-104.27M
Investing Cash Flow	2.03M	28.06M	345.22M	1.48M	59.29M	180.91M
Financing Cash Flow	-564.32M	-592.38M	-46.68M	0	-100.00M	-28.01M

New Era Electronics Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:4909 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:3025	74Outperform	TWD 2.78B	10.30	―	6.60%	33.73%	81.02%
TW:8011	60Neutral	TWD 2.29B	21.08	―	5.11%	-12.34%	-75.40%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:4909	46Neutral	TWD 2.80B	41.40	―	20.00%	-87.35%	-84.51%
TW:2462	42Neutral	TWD 2.60B	27.86	―	1.18%	-4.39%	-87.95%
TW:3047	41Neutral	TWD 2.99B	-15.27	―	2.23%	-32.95%	-101.63%
TW:6142	41Neutral	TWD 2.53B	-26.86	―	―	11.42%	48.35%

* General Sector Average

Performance Comparison

TW:4909 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:4909	New Era Electronics Co., Ltd.	30.10	-13.35	-30.72%
TW:2462	TAIWAN LINE TEK ELECTRONIC CO., LTD.	16.90	-4.81	-22.16%
TW:3025	Loop Telecommunication International, Inc.	48.50	5.92	13.91%
TW:3047	Edimax Technology Co., Ltd.	13.90	-4.60	-24.86%
TW:6142	Cameo Communications, Inc.	8.14	-2.10	-20.52%
TW:8011	Tai Tung Communication Co., Ltd.	13.70	-6.98	-33.76%

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

New Era Electronics Co., Ltd. AI Stock Analysis