Global Lighting Technologies Inc. AI Stock Analysis
Global Lighting Technologies Inc. (4935) AI Stock Analysis
Global Lighting Technologies Inc.
(TWSE:4935)
Global Lighting Technologies scores below average, held back primarily by deteriorating operating performance: revenue has roughly halved since 2020, margins have compressed sharply and operating profit is now razor thin, with returns on equity down to 2.2%. Technicals reinforce the caution, as the stock trades below all key moving averages with a negative MACD and weak momentum. The main supports are a conservatively financed balance sheet with minimal debt, consistently positive free cash flow that converts well above reported earnings, and a 3.2% dividend yield. However, the 23x P/E looks rich against current earnings power. The company has the financial resilience to weather the downturn, but a recovery in demand and margin stabilisation is needed before the score can improve.
Global Lighting Technologies Inc. (4935) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 3.76B
- Dividend Yield
- 3.33%
- Average Volume (3M)
- 96.96K
- Price to Earnings (P/E)
- 28.2
- Beta (1Y)
- 0.64
- Revenue Growth
- -24.80%
- EPS Growth
- -49.71%
- Country
- TW
- Employees
- 1,368
- Sector
- General
- Sector Strength
- 55
- Industry
- Hardware, Equipment & Parts
Global Lighting Technologies Inc. Business Overview & Revenue Model
Company Description
Global Lighting Technologies Inc. focuses on the development, manufacturing, and sale of plastic light guide plates and various plastic component applications, with operations spanning Asia and the United States. The company further specializes in de...
Global Lighting Technologies Inc. Financial Statement Overview
Summary
A tale of two halves. The balance sheet (74) is a genuine strength: equity funds roughly 79% of assets, debt-to-equity is just 0.11, and refinancing risk is minimal. Cash flow (70) is also solid, with operating cash flow of NT$815M at about 4.7x net income and positive free cash flow of NT$442M that comfortably covers capex and debt. The income statement (38) is the clear drag: revenue has roughly halved since 2020 and fell about 23% in the latest year, gross margin compressed to 14.9%, operating margin collapsed to 1.6%, and net income fell about two-thirds, with net profit exceeding operating profit, signalling reliance on non-operating income. Return on equity of just 2.2% shows a large capital base generating very little profit.
Income Statement
38NegativeBalance Sheet
74PositiveCash Flow
70Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.60B | 5.35B | 6.95B | 5.94B | 9.72B | 10.88B |
| Gross Profit | 613.54M | 796.05M | 1.09B | 881.22M | 1.82B | 2.15B |
| EBITDA | 242.54M | 421.37M | 901.71M | 793.54M | 1.60B | 1.77B |
| Net Income | 171.76M | 172.26M | 528.93M | 331.40M | 1.04B | 1.28B |
Balance Sheet | ||||||
| Total Assets | 10.12B | 10.00B | 10.68B | 10.02B | 11.84B | 12.28B |
| Cash, Cash Equivalents and Short-Term Investments | 4.57B | 4.73B | 4.45B | 4.35B | 4.69B | 4.00B |
| Total Debt | 832.03M | 906.50M | 439.43M | 649.40M | 1.35B | 1.77B |
| Total Liabilities | 2.17B | 2.06B | 2.08B | 2.00B | 3.59B | 4.66B |
| Stockholders Equity | 7.96B | 7.95B | 8.60B | 8.02B | 8.25B | 7.62B |
Cash Flow | ||||||
| Free Cash Flow | 113.17M | 441.61M | 515.44M | 923.80M | 1.42B | 980.64M |
| Operating Cash Flow | 368.79M | 815.50M | 886.05M | 1.01B | 1.51B | 1.21B |
| Investing Cash Flow | 2.93M | -774.35M | -779.03M | -120.52M | 67.69M | -255.89M |
| Financing Cash Flow | -386.08M | 183.72M | -227.45M | -1.21B | -1.14B | -850.93M |
Global Lighting Technologies Inc. Peers Comparison
Overall Rating
TW:493370Outperform
TW:494259Neutral
TW:824053Neutral
TW:455652Neutral- TW:493552Neutral
TW:366642Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:4933 | 70Outperform | TWD 3.63B | 6.06 | ― | 6.58% | -7.35% | 59.06% |
| TW:4942 | 59Neutral | TWD 4.27B | 10.09 | ― | 6.73% | 2.44% | 13.09% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:8240 | 53Neutral | TWD 4.33B | 22.56 | ― | 2.85% | -11.48% | 21.46% |
| TW:4556 | 52Neutral | TWD 4.19B | 98.60 | ― | 0.58% | 5.07% | 92.06% |
| TW:4935 | 52Neutral | TWD 3.94B | 28.23 | ― | 3.33% | -24.80% | -49.71% |
| TW:3666 | 42Neutral | TWD 3.51B | -11.10 | ― | ― | -12.73% | 40.04% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:4935 | Global Lighting Technologies Inc. | 30.00 | -11.60 | -27.88% | |
| TW:3666 | Optivision Technology Inc. | 26.25 | -3.10 | -10.56% | |
| TW:4556 | Bright Sheland International Co Ltd | 104.00 | 78.12 | 301.84% | |
| TW:4933 | Ubright Optronics Corporation | 43.90 | -12.84 | -22.63% | |
| TW:4942 | Chia Chang Co., Ltd | 29.70 | -8.50 | -22.24% | |
| TW:8240 | Wah Hong Industrial Corp. | 45.60 | 12.58 | 38.09% |
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