Ledtech Electronics Corp. AI Stock Analysis
Ledtech Electronics Corp. (6164) AI Stock Analysis
Ledtech Electronics Corp.
(TWSE:6164)
Ledtech Electronics scores below average, driven primarily by weak operating performance: revenue is declining, operating and net margins have compressed to near break-even, and return on equity is negligible despite a healthier gross margin near 34%. A low-leverage balance sheet and still-positive free cash flow limit financial risk but do not offset the earnings deterioration. Technicals reinforce the caution, with the price well below all key moving averages and negative MACD, though oversold RSI and Stochastic readings suggest scope for a short-term bounce. Valuation is unappealing at a 42x P/E for minimal earnings, with the 4.74% dividend yield the main redeeming feature.
Ledtech Electronics Corp. (6164) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 884.00M
- Dividend Yield
- 4.55%
- Average Volume (3M)
- 534.83K
- Price to Earnings (P/E)
- 43.1
- Beta (1Y)
- 0.90
- Revenue Growth
- -10.87%
- EPS Growth
- 115.91%
- Country
- TW
- Employees
- 1,170
- Sector
- General
- Sector Strength
- 55
- Industry
- Semiconductors
Ledtech Electronics Corp. Business Overview & Revenue Model
Company Description
Established in 1977 and headquartered in New Taipei City, Taiwan, Ledtech Electronics Corp. operates globally as a manufacturer and distributor of LED lighting and display technologies. The company's extensive product portfolio encompasses a variety...
Ledtech Electronics Corp. Financial Statement Overview
Summary
A conservative balance sheet (score 68) is the main support: debt-to-equity near 0.23, equity funding roughly 64% of assets, and low solvency risk. Cash flow (57) remains positive, with free cash flow of NT$50.7M comfortably exceeding net income and minimal capex, though it fell sharply from NT$181.1M in 2024 and has been highly volatile. The income statement (38) is the clear weak spot: revenue declined about 11% to NT$732M, operating margin collapsed to 0.9% and net margin to 0.8%, and EBITDA fell from NT$123M to NT$44M. Gross margin improvement to roughly 34% has not translated into operating profit, while ROE of 0.6% and four straight years of shrinking assets and eroding book value point to weak earnings quality and poor visibility.
Income Statement
38NegativeBalance Sheet
68PositiveCash Flow
57Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 708.00M | 732.17M | 822.36M | 717.07M | 885.68M | 954.54M |
| Gross Profit | 213.58M | 249.43M | 281.26M | 184.98M | 227.11M | 249.51M |
| EBITDA | 40.50M | 43.86M | 122.91M | 15.64M | 113.26M | 61.09M |
| Net Income | 20.98M | 5.66M | 43.75M | -23.97M | 61.72M | 6.47M |
Balance Sheet | ||||||
| Total Assets | 1.54B | 1.44B | 1.47B | 1.62B | 1.73B | 1.80B |
| Cash, Cash Equivalents and Short-Term Investments | 498.91M | 459.94M | 422.74M | 561.33M | 538.53M | 504.10M |
| Total Debt | 252.56M | 213.21M | 170.47M | 219.60M | 201.68M | 300.51M |
| Total Liabilities | 576.04M | 515.19M | 499.65M | 520.91M | 531.16M | 676.83M |
| Stockholders Equity | 951.36M | 915.60M | 954.78M | 1.09B | 1.19B | 1.11B |
Cash Flow | ||||||
| Free Cash Flow | 64.05M | 50.70M | 181.10M | 20.29M | -7.40M | 99.04M |
| Operating Cash Flow | 73.87M | 54.52M | 193.21M | 35.95M | 14.37M | 107.09M |
| Investing Cash Flow | -14.49M | -7.62M | -10.30M | 221.40M | 77.75M | -88.14M |
| Financing Cash Flow | -143.90M | -902.00K | -252.98M | -48.97M | -108.69M | 49.02M |
Ledtech Electronics Corp. Peers Comparison
Overall Rating
TW:356757Neutral- TW:616449Neutral
TW:312848Neutral
TW:497242Neutral
TW:337340Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:3567 | 57Neutral | TWD 810.74M | 22.18 | ― | 4.12% | -0.78% | -10.78% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:6164 | 49Neutral | TWD 790.93M | 43.14 | ― | 4.55% | -10.87% | 115.91% |
| TW:3128 | 48Neutral | TWD 900.31M | 16.15 | ― | 2.23% | -12.58% | -22.95% |
| TW:4972 | 42Neutral | TWD 769.90M | -7.71 | ― | ― | -1.01% | -31.92% |
| TW:3373 | 40Underperform | TWD 788.09M | -22.47 | ― | 0.60% | -2.28% | 36.05% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:6164 | Ledtech Electronics Corp. | 10.90 | 0.70 | 6.86% | |
| TW:2255 | Jet Optoelectronics Co., Ltd. | 11.95 | -14.90 | -55.49% | |
| TW:3128 | Hi Sharp Electronics Co., Ltd. | 17.90 | -8.24 | -31.52% | |
| TW:3373 | Radiant Innovation Inc. | 16.60 | -1.44 | -7.98% | |
| TW:3567 | Etrend Hightech Corp. | 24.25 | -1.65 | -6.37% | |
| TW:4972 | Tons Lightology Inc. | 13.95 | -4.10 | -22.71% |
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