Leo Systems, Inc. (5410) AI Stock Analysis

Leo Systems, Inc.

(TPEx:5410)

Select Model

Rating:65Neutral

Price Target:TWD 35.00▲(9.03% Upside)

Action:initiatedcoverage

Date:11/10/26

The score is supported by attractive valuation and a materially improved balance sheet, but limited by inconsistent revenue, declining cash-flow strength, and weak price momentum.

Positive Factors

Consistent ProfitabilityGenerally stable mid-single-digit net margins and EBIT margins near 4%–6% indicate a profitable operating base. This consistency can support reinvestment and resilience over the next several quarters, even if growth remains uneven.

Negative Factors

Revenue VolatilityThe repeated revenue declines after a sharp 2022 increase point to a choppy demand environment and make future growth less predictable. Uneven top-line performance can limit operating leverage, complicate planning, and weaken the durability of earnings expansion.

Leo Systems, Inc. (5410) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 3.01B
Dividend Yield: 6.46%
Average Volume (3M): 253.43K
Price to Earnings (P/E): 9.6
Beta (1Y): 0.69
Revenue Growth: 27.65%
EPS Growth: 55.36%
Country: TW
Employees: 391
Sector: General
Sector Strength: 55
Industry: Computer Hardware

Leo Systems, Inc. Business Overview & Revenue Model

Company Description

Based in Taipei City, Taiwan, Leo Systems, Inc., established in 1985, delivers a comprehensive array of information technology solutions, spanning both hardware and software products. The company's offerings for the financial sector include advanced...

Leo Systems, Inc. Financial Statement Overview

Summary

Financially stable but uneven: leverage improved materially and profitability remains positive, while revenue growth is volatile and cash flow has weakened from prior years.

Income Statement

68Positive

Balance Sheet

78Positive

Cash Flow

58Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	5.54B	4.39B	3.90B	3.46B	6.65B	3.59B
Gross Profit	926.98M	768.92M	624.88M	649.48M	854.26M	611.57M
EBITDA	373.74M	287.70M	185.16M	217.93M	453.07M	324.26M
Net Income	313.52M	214.91M	145.62M	188.45M	285.37M	186.49M
Balance Sheet
Total Assets	10.28B	4.01B	3.78B	2.94B	4.75B	2.54B
Cash, Cash Equivalents and Short-Term Investments	1.94B	1.24B	1.08B	645.69M	458.47M	366.09M
Total Debt	163.45M	1.04B	1.81B	961.78M	2.84B	817.90M
Total Liabilities	8.68B	2.46B	2.33B	1.50B	3.31B	1.23B
Stockholders Equity	1.60B	1.56B	1.45B	1.44B	1.44B	1.31B
Cash Flow
Free Cash Flow	1.98B	332.13M	470.22M	1.11B	-232.00M	56.91M
Operating Cash Flow	1.99B	352.23M	471.46M	1.12B	-225.74M	58.98M
Investing Cash Flow	-123.48M	163.05M	-18.71M	-120.86M	-61.87M	8.19M
Financing Cash Flow	-161.03M	-134.91M	-171.52M	-771.33M	372.76M	-199.03M

Leo Systems, Inc. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:5410 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:6752	73Outperform	TWD 3.43B	13.05	―	5.01%	8.76%	-2.12%
TW:8284	71Outperform	TWD 3.20B	9.74	―	5.90%	9.88%	62.04%
TW:7747	66Neutral	TWD 3.32B	21.74	―	5.33%	8.88%	38.18%
TW:5410	65Neutral	TWD 3.10B	9.62	―	6.46%	27.65%	55.36%
TW:6516	59Neutral	TWD 2.96B	25.25	―	4.37%	19.59%	46.27%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:5321	42Neutral	TWD 3.36B	-17.46	―	―	-21.62%	-494.73%

* General Sector Average

Performance Comparison

TW:5410 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:5410	Leo Systems, Inc.	32.10	3.54	12.39%
TW:5321	United Recommend International Co., Ltd.	57.20	18.50	47.80%
TW:6516	Kingwaytek Technology Co Ltd	53.60	-4.46	-7.68%
TW:6752	Galaxy Software Services Corporation	89.80	-24.62	-21.51%
TW:7747	GrandTech Cloud Services Inc.	110.00	-3.66	-3.22%
TW:8284	Mitake Information Corp.	67.90	9.17	15.60%

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

Leo Systems, Inc. AI Stock Analysis