Avid Electronics Corp. AI Stock Analysis
Avid Electronics Corp. (6103) AI Stock Analysis
Avid Electronics Corp.
(TPEx:6103)
The overall score is held down by weak operating fundamentals: persistent operating losses, gross margins around 14% that are well below semiconductor peers, a net loss of about NT$7.6 million, and a swing to roughly NT$30.6 million of operating cash burn that is gradually eroding the equity base. The main offset is a fortress balance sheet — essentially debt-free with equity funding about 96% of assets — plus a strong revenue rebound to about NT$91.6 million, which gives the company runway to attempt a turnaround. Technicals add little support, with the price below its 20-, 50- and 200-day moving averages and a negative MACD, while a P/E of 88.4 and a 0.53% dividend yield leave little valuation cushion. This is a low-leverage but low-quality earnings story that still requires operational proof.
Avid Electronics Corp. (6103) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 423.79M
- Dividend Yield
- 0.61%
- Average Volume (3M)
- 37.77K
- Price to Earnings (P/E)
- -13478.3
- Beta (1Y)
- 0.10
- Revenue Growth
- -4.14%
- EPS Growth
- -100.17%
- Country
- TW
- Employees
- 70
- Sector
- General
- Sector Strength
- 55
- Industry
- Semiconductors
Avid Electronics Corp. Business Overview & Revenue Model
Company Description
Avid Electronics Corp. specializes in the design, manufacture, and sale of integrated circuits (ICs). Their product portfolio includes components for traditional audio devices like CD players and boom boxes, advanced flash memory audio and video play...
Avid Electronics Corp. Financial Statement Overview
Summary
Financial results are mixed but weighted toward weakness. The balance sheet is a genuine strength (score 76): equity funds about 96% of total assets, debt has been cut to roughly NT$1.5 million from NT$55 million in 2022, and the debt-to-equity ratio near 0.01 leaves the company effectively debt-free with minimal refinancing risk. However, the income statement (27) and cash flow (26) are poor. Despite revenue rebounding to about NT$91.6 million from NT$54.9 million, gross margin of roughly 14% sits far below semiconductor norms, operating losses have occurred in every year shown, and the company posted a net loss of about NT$7.6 million. The prior year's headline profit came from one-time, non-operating items rather than core operations. Cash generation reversed sharply, with roughly NT$30.6 million burned from operations and equally negative free cash flow, while equity has eroded from about NT$165 million a year earlier. Low financial risk, but weak earnings quality and cash conversion.
Income Statement
27NegativeBalance Sheet
76PositiveCash Flow
26Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 89.57M | 91.55M | 54.88M | 48.14M | 77.38M | 24.19M |
| Gross Profit | 14.33M | 12.81M | 9.30M | 4.61M | 5.94M | 4.61M |
| EBITDA | 1.05M | -2.48M | 49.08M | -5.55M | -8.20M | -1.44M |
| Net Income | 5.46M | -7.58M | 46.32M | -7.27M | -10.77M | -3.93M |
Balance Sheet | ||||||
| Total Assets | 154.15M | 160.48M | 174.79M | 157.55M | 194.47M | 219.45M |
| Cash, Cash Equivalents and Short-Term Investments | 113.22M | 106.63M | 141.20M | 106.59M | 126.57M | 17.18M |
| Total Debt | 1.15M | 1.52M | 2.26M | 29.96M | 55.30M | 30.59M |
| Total Liabilities | 4.34M | 5.54M | 9.69M | 38.77M | 68.42M | 82.60M |
| Stockholders Equity | 149.81M | 154.95M | 165.11M | 118.78M | 126.05M | 136.85M |
Cash Flow | ||||||
| Free Cash Flow | 35.38M | -30.62M | 8.63M | 18.60M | 77.44M | -13.41M |
| Operating Cash Flow | 35.38M | -30.62M | 8.63M | 18.60M | 77.44M | -13.41M |
| Investing Cash Flow | -35.78M | -34.77M | 84.16M | -6.17M | -44.77M | 1,000 |
| Financing Cash Flow | -4.61M | -3.60M | -25.70M | -30.30M | 31.92M | 15.79M |
Avid Electronics Corp. Peers Comparison
Overall Rating
TW:232144Neutral- TW:610344Neutral
TW:651243Neutral
TW:810138Underperform
TW:367235Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:2321 | 44Neutral | TWD 459.68M | 35.58 | ― | ― | 2.67% | ― |
| TW:6103 | 44Neutral | TWD 417.67M | -13478.26 | ― | 0.61% | -4.14% | -100.17% |
| TW:6512 | 43Neutral | TWD 503.94M | -10.00 | ― | ― | -51.46% | -136.41% |
| TW:8101 | 38Underperform | TWD 491.93M | -3.20 | ― | ― | 36.78% | 22.59% |
| TW:3672 | 35Underperform | TWD 458.89M | -6.42 | ― | ― | -24.99% | 15.20% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:6103 | Avid Electronics Corp. | 31.95 | -6.70 | -17.34% | |
| TW:2321 | Tecom Co., Ltd. | 30.60 | -2.68 | -8.05% | |
| TW:3672 | Connection Technology Systems, Inc. | 11.50 | -1.55 | -11.88% | |
| TW:6512 | GoMax Electronics, Inc. | 19.90 | -1.25 | -5.91% | |
| TW:6565 | ThroughTek Co., Ltd. | 14.50 | -6.15 | -29.78% | |
| TW:8101 | Arima Communications Corp. | 9.45 | -6.75 | -41.67% |
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