Avid Electronics Corp. (6103) AI Stock Analysis

Avid Electronics Corp.

(TPEx:6103)

Select Model

Rating:46Neutral

Price Target:TWD 35.00▲(11.46% Upside)

Action:initiatedcoverage

Date:11/10/26

The overall score is heavily pressured by the company's inability to generate profits or cash from operations, despite a strong balance sheet. The high P/E ratio is unjustified given negative fundamentals, and the technical trend remains weak with the stock trading below key moving averages. The primary mitigant is the low financial risk from the balance sheet, but this is insufficient to offset the severe operational and valuation concerns.

Positive Factors

Low LeverageVery low leverage reduces refinancing pressure and preserves financial flexibility. With debt small relative to equity, the company has greater capacity to absorb operating volatility, fund necessary investment, and manage downturns without relying heavily on additional borrowing.

Negative Factors

Unstable ProfitabilityThe return to losses after a very strong 2024 profit year indicates that earnings power is not yet repeatable. Persistent profitability volatility makes planning and reinvestment harder, while negative operating results show that the core business remains insufficiently stabilized.

Avid Electronics Corp. (6103) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 430.59M
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 performance is mixed. The balance sheet is a fortress with negligible debt and strong equity, but this is offset by persistent operating losses, compressed gross margins, and deeply negative operating cash flow. The cash burn is a significant risk, dragging the overall financial health score down despite balance sheet strength.

Income Statement

35Negative

Balance Sheet

82Very Positive

Cash Flow

25Negative

Financial statement breakdown
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

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6103 against its peers
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:6103	46Neutral	TWD 417.67M	-13478.26	―	0.61%	-4.14%	-100.17%
TW:2321	44Neutral	TWD 459.68M	35.58	―	―	2.67%	―
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

TW:6103 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6103	Avid Electronics Corp.	31.40	-7.25	-18.76%
TW:2321	Tecom Co., Ltd.	29.00	-3.00	-9.37%
TW:3672	Connection Technology Systems, Inc.	11.20	-1.90	-14.50%
TW:6512	GoMax Electronics, Inc.	19.70	-0.95	-4.60%
TW:6565	ThroughTek Co., Ltd.	14.40	-6.25	-30.27%
TW:8101	Arima Communications Corp.	9.45	-6.60	-41.12%

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

Avid Electronics Corp. AI Stock Analysis