EverFocus Electronics Co. Ltd. (5484) AI Stock Analysis

EverFocus Electronics Co. Ltd.

(TWSE:5484)

Select Model

Rating:39Underperform

Price Target:TWD 28.00▼(-9.09% Downside)

Action:initiatedcoverage

Date:11/10/26

The overall score is very low, driven primarily by a precarious financial position where persistent net losses are compounded by a severe and worsening cash burn, raising liquidity concerns. This is reinforced by a bearish technical picture, with the stock in a clear downtrend and deeply oversold. The valuation offers no support, as a high P/E multiple is applied to a company with negative earnings and no dividend.

Positive Factors

Revenue GrowthThe acceleration in revenue indicates stronger demand and improved shipments across the company’s security products. Sustained top-line expansion can broaden operating scale, support investment in the business, and provide a foundation for eventual margin recovery if growth continues.

Negative Factors

Persistent UnprofitabilityNegative net and operating margins show that recent revenue growth has not yet translated into a profitable operating model. Continued losses can weaken retained capital, limit internally funded investment, and make future earnings improvement dependent on both stronger sales and better cost or pricing discipline.

EverFocus Electronics Co. Ltd. (5484) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 2.07B
Dividend Yield: ―
Average Volume (3M): 194.60K
Price to Earnings (P/E): 23.3
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

Financial performance is weak. While revenue grew 17.7%, the company remains unprofitable with a sixth consecutive net loss. Critically, operating cash flow is deeply negative and deteriorating, indicating a severe cash burn that undermines the top-line growth.

Income Statement

38Negative

Balance Sheet

52Neutral

Cash Flow

25Negative

Financial statement breakdown
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

UnderperformOutperform

Sector (55)

Financial Indicators

TW:5484 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:3284	62Neutral	TWD 1.84B	7.08	―	2.92%	8.49%	51.70%
TW:5438	58Neutral	TWD 2.12B	-5.59	―	4.05%	-32.73%	-411.13%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:8072	54Neutral	TWD 1.85B	14.69	―	4.26%	27.49%	64.44%
TW:6216	50Neutral	TWD 1.76B	885.71	―	5.60%	-25.98%	-97.11%
TW:5484	39Underperform	TWD 2.03B	23.32	―	―	77.09%	―

* General Sector Average

Performance Comparison

TW:5484 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:5484	EverFocus Electronics Co. Ltd.	30.80	-6.00	-16.30%
TW:3284	Top High Image Corp.	17.15	-5.36	-23.79%
TW:5438	Teco Image Systems Co., Ltd.	18.50	-1.67	-8.27%
TW:6216	DrayTek Corporation	18.40	-7.53	-29.03%
TW:7945	Qsan Technology, Inc.	191.00	-104.00	-35.25%
TW:8072	AV Tech Corporation	23.50	-7.73	-24.76%

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

EverFocus Electronics Co. Ltd. AI Stock Analysis