EverFocus Electronics Co. Ltd. AI Stock Analysis
EverFocus Electronics Co. Ltd. (5484) AI Stock Analysis
EverFocus Electronics Co. Ltd.
(TWSE:5484)
EverFocus scores poorly, driven primarily by fragile financials: six consecutive years of losses, sharp gross margin compression to 22.9%, and a widening operating cash burn of NT$77.5M that is being funded by rising debt against a shrinking equity base. Technicals reinforce the caution, with the price below all major moving averages and a negative MACD, though deeply oversold RSI and Stochastic readings hint at a possible near-term bounce. Valuation adds no cushion, as a 22x P/E on a loss-making business with no dividend leaves little margin for error. Narrowing losses and record revenue are genuine positives, but a sustainable recovery in gross margin and a return to positive operating cash flow are needed before the outlook improves materially.
EverFocus Electronics Co. Ltd. (5484) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 2.08B
- Dividend Yield
- ―
- Average Volume (3M)
- 196.95K
- Price to Earnings (P/E)
- 22.4
- Beta (1Y)
- 0.86
- Revenue Growth
- 77.09%
- EPS Growth
- ―
- Country
- TW
- Employees
- 154
- Sector
- General
- Sector Strength
- 55
- Industry
- Communication Equipment
EverFocus Electronics Co. Ltd. Business Overview & Revenue Model
Company Description
EverFocus Electronics Corporation, established in New Taipei City, Taiwan, in 1995, operates globally, focusing on the research, development, production, and distribution of advanced CCTV surveillance systems, CCD cameras, and digital image processin...
EverFocus Electronics Co. Ltd. Financial Statement Overview
Summary
Financials are weak despite revenue reaching a multi-year high of NT$506.2M (+10%). The company has lost money in each of the past six years, posting a NT$40.3M net loss, and gross margin compressed sharply to 22.9% from 28.7%. Cash flow is the biggest concern: operating cash flow swung to negative NT$77.5M from negative NT$27.1M, with free cash flow of negative NT$79.2M, confirming losses are real cash outflows. The balance sheet is the relative bright spot — equity still funds about 53% of assets — but equity has declined every year since 2022 while debt has risen to NT$262.3M (debt-to-equity 0.53 vs 0.20 in 2022), signalling a thinning buffer if the burn continues.
Income Statement
27NegativeBalance Sheet
45NeutralCash Flow
18Very Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 752.29M | 506.25M | 460.28M | 369.56M | 332.31M | 450.14M |
| Gross Profit | 137.65M | 115.70M | 131.89M | 79.85M | 94.73M | 96.90M |
| EBITDA | -16.60M | -57.12M | -27.35M | -15.45M | -70.98M | -22.09M |
| Net Income | 90.19M | -40.34M | -59.79M | -48.98M | -79.94M | -33.58M |
Balance Sheet | ||||||
| Total Assets | 1.08B | 939.67M | 860.76M | 910.76M | 884.19M | 779.79M |
| Cash, Cash Equivalents and Short-Term Investments | 282.09M | 206.02M | 243.53M | 271.62M | 243.63M | 272.87M |
| Total Debt | 321.40M | 262.26M | 217.91M | 157.07M | 125.86M | 152.12M |
| Total Liabilities | 532.18M | 445.58M | 330.73M | 318.01M | 247.26M | 250.97M |
| Stockholders Equity | 552.71M | 494.09M | 530.03M | 592.74M | 636.93M | 528.82M |
Cash Flow | ||||||
| Free Cash Flow | 58.83M | -79.17M | -40.96M | 15.20M | -141.26M | -46.85M |
| Operating Cash Flow | 60.73M | -77.54M | -27.11M | 25.08M | -138.27M | -40.75M |
| Investing Cash Flow | -210.89M | -4.60M | -45.88M | 1.94M | -37.93M | -11.42M |
| Financing Cash Flow | 96.83M | 44.66M | 59.27M | 8.25M | 155.92M | 106.11M |
EverFocus Electronics Co. Ltd. Peers Comparison
Overall Rating
TW:328462Neutral
TW:543858Neutral
TW:807254Neutral
TW:621650Neutral- TW:548433Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:3284 | 62Neutral | TWD 1.84B | 6.81 | ― | 2.94% | 8.49% | 51.70% |
| TW:5438 | 58Neutral | TWD 2.12B | -5.62 | ― | 3.99% | -32.73% | -411.13% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:8072 | 54Neutral | TWD 1.85B | 14.47 | ― | 4.32% | 27.49% | 64.48% |
| TW:6216 | 50Neutral | TWD 1.76B | 885.71 | ― | 5.69% | -25.98% | -97.11% |
| TW:5484 | 33Underperform | TWD 2.03B | 22.36 | ― | ― | 77.09% | ― |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:5484 | EverFocus Electronics Co. Ltd. | 30.35 | -7.85 | -20.55% | |
| TW:3284 | Top High Image Corp. | 17.00 | -6.39 | -27.32% | |
| TW:5438 | Teco Image Systems Co., Ltd. | 18.80 | -1.90 | -9.17% | |
| TW:6216 | DrayTek Corporation | 18.10 | -7.45 | -29.14% | |
| TW:7945 | Qsan Technology, Inc. | 192.50 | -102.50 | -34.75% | |
| TW:8072 | AV Tech Corporation | 23.15 | -8.57 | -27.01% |
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