Litemax Electronics Inc. AI Stock Analysis
Litemax Electronics Inc. (4995) AI Stock Analysis
Litemax Electronics Inc.
(TPEx:4995)
Litemax earns a middling score. Fundamentals are improving at the profit line — revenue is growing again, margins have widened and ROE is a respectable ~17.5% — but earnings quality is the key concern, with operating and free cash flow falling sharply even as profits rise, and borrowings climbing for a third consecutive year. The technical picture is the biggest drag: the share price sits below all major moving averages with negative MACD, pointing to a sustained downtrend. Offsetting this, the valuation is attractive, with a P/E near 10.6 and a dividend yield close to 4.8%, which provides a cushion if cash generation stabilises. The result is a stock with value appeal but unresolved cash-flow and momentum risks.
Litemax Electronics Inc. (4995) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 1.70B
- Dividend Yield
- 4.95%
- Average Volume (3M)
- 36.00K
- Price to Earnings (P/E)
- 10.2
- Beta (1Y)
- 0.40
- Revenue Growth
- 14.06%
- EPS Growth
- 111.77%
- Country
- TW
- Employees
- 187
- Sector
- General
- Sector Strength
- 55
- Industry
- Hardware, Equipment & Parts
Litemax Electronics Inc. Business Overview & Revenue Model
Company Description
Litemax Electronics Inc., along with its affiliated companies, specializes in the research, development, manufacturing, and global distribution of liquid crystal display (LCD) panels and monitors throughout North America, Asia, and Europe. The compan...
Litemax Electronics Inc. Financial Statement Overview
Summary
Mixed quality. The income statement (63) shows a genuine recovery — TTM revenue up ~6.6% to NT$1.45bn, net income of NT$166m already above full-year 2025, and net margin up to 11.4% — but revenue has been range-bound since 2021 and margins sit below 2024 peaks. The balance sheet (68) is solid, with equity funding ~53% of assets and ROE of ~17.5%, though borrowings have risen three years running to NT$595m (D/E 0.60). Cash flow (42) is the weak link: operating cash flow has declined for four straight periods to just NT$86m and free cash flow fell ~49% to NT$69m, converting only a fraction of reported profit — a widening earnings-quality gap alongside rising debt.
Income Statement
63PositiveBalance Sheet
68PositiveCash Flow
42Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.45B | 1.29B | 1.39B | 1.22B | 1.37B | 1.21B |
| Gross Profit | 456.32M | 404.83M | 496.65M | 442.26M | 452.36M | 355.93M |
| EBITDA | 209.24M | 165.74M | 277.24M | 222.01M | 293.54M | 170.36M |
| Net Income | 165.76M | 95.40M | 191.15M | 151.62M | 210.23M | 112.15M |
Balance Sheet | ||||||
| Total Assets | 1.87B | 1.72B | 1.75B | 1.70B | 1.74B | 1.85B |
| Cash, Cash Equivalents and Short-Term Investments | 276.26M | 248.73M | 313.47M | 307.31M | 338.79M | 229.42M |
| Total Debt | 594.92M | 459.70M | 395.14M | 417.95M | 415.07M | 626.16M |
| Total Liabilities | 888.73M | 775.33M | 740.98M | 759.87M | 777.89M | 1.00B |
| Stockholders Equity | 986.02M | 945.81M | 1.01B | 942.29M | 959.94M | 849.09M |
Cash Flow | ||||||
| Free Cash Flow | 69.03M | 92.17M | 179.40M | 149.35M | 288.36M | -586.39M |
| Operating Cash Flow | 86.33M | 108.88M | 210.75M | 240.26M | 300.90M | 104.45M |
| Investing Cash Flow | -59.33M | -15.02M | -31.36M | -93.52M | 93.51M | -540.11M |
| Financing Cash Flow | 33.34M | -116.21M | -158.65M | -175.60M | -326.17M | 370.92M |
Litemax Electronics Inc. Peers Comparison
Overall Rating
TW:531575Outperform
TW:655668Neutral- TW:499557Neutral
TW:328553Neutral
TW:627049Neutral
TW:244037Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:5315 | 75Outperform | TWD 1.85B | 10.48 | ― | 9.20% | 2.53% | 3.36% |
| TW:6556 | 68Neutral | TWD 1.75B | 7.52 | ― | 5.76% | 3.78% | 33.16% |
| TW:4995 | 57Neutral | TWD 1.71B | 10.22 | ― | 4.95% | 14.06% | 111.77% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:3285 | 53Neutral | TWD 1.89B | 26.41 | ― | 1.13% | 25.00% | 430.27% |
| TW:6270 | 49Neutral | TWD 1.75B | 15.06 | ― | 4.12% | 18.35% | 21.98% |
| TW:2440 | 37Underperform | TWD 1.93B | 103.19 | ― | ― | 2.38% | ― |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:4995 | Litemax Electronics Inc. | 40.25 | -1.43 | -3.43% | |
| TW:2440 | Space Shuttle Hi-Tech Co. Ltd. | 13.90 | 1.30 | 10.32% | |
| TW:3285 | Microtips Technology Inc. | 44.20 | 17.10 | 63.07% | |
| TW:5315 | United Radiant Technology Corporation | 17.40 | -3.95 | -18.51% | |
| TW:6270 | Professional Computer Technology Limited | 24.30 | 3.10 | 14.64% | |
| TW:6556 | Topview Optronics Corp. | 60.80 | -5.09 | -7.73% |
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