Global Lighting Technologies Inc. (4935) AI Stock Analysis

Global Lighting Technologies Inc.

(TWSE:4935)

Select Model

Rating:50Neutral

Price Target:TWD 31.00▲(3.33% Upside)

Action:initiatedcoverage

Date:11/10/26

Weak financial performance from revenue declines and margin pressures is the primary drag, compounded by bearish technical signals. Moderate valuation metrics offer limited offset.

Positive Factors

Low LeverageDebt-to-equity of about 0.11 in 2025 remains modest, while the sizable equity base gives the company room to withstand a prolonged downturn. This reduces balance-sheet strain and preserves flexibility for operations and investment over the next several quarters.

Negative Factors

Revenue ContractionAnnual revenue fell about 10.9% in 2025, reversing the prior year's growth. A contracting top line reduces operating scale and makes earnings recovery more dependent on renewed sales growth, leaving near-term fundamental performance weaker than the company's recent historical trend.

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

Solid balance sheet with low debt-to-equity of 0.11 provides stability, but declining revenue from over 11B to 5.35B and margin compression significantly impact overall financial performance.

Income Statement

32Negative

Balance Sheet

79Positive

Cash Flow

51Neutral

Financial statement breakdown
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

UnderperformOutperform

Sector (55)

Financial Indicators

TW:4935 against its peers
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	50Neutral	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

TW:4935 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:4935	Global Lighting Technologies Inc.	30.00	-10.77	-26.42%
TW:3666	Optivision Technology Inc.	26.25	-3.25	-11.02%
TW:4556	Bright Sheland International Co Ltd	104.00	78.47	307.32%
TW:4933	Ubright Optronics Corporation	43.90	-11.99	-21.45%
TW:4942	Chia Chang Co., Ltd	29.70	-7.46	-20.06%
TW:8240	Wah Hong Industrial Corp.	45.60	13.60	42.51%

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

Global Lighting Technologies Inc. AI Stock Analysis