Ledtech Electronics Corp. (6164) AI Stock Analysis

Ledtech Electronics Corp.

(TWSE:6164)

Select Model

Rating:50Neutral

Price Target:TWD 10.50▼(-3.67% Downside)

Action:initiatedcoverage

Date:11/10/26

The score is constrained primarily by deteriorating profitability and cash generation, with additional pressure from weak technical momentum and a high P/E ratio. Low leverage, positive free cash flow, and the attractive dividend yield provide partial support.

Positive Factors

Conservative Balance SheetModerate leverage and a substantial equity cushion give Ledtech financial resilience through downturns. This supports continued operations and preserves flexibility to fund the LED business without excessive reliance on debt, even while profitability remains uneven.

Negative Factors

Revenue ContractionRecent revenue contraction indicates weaker demand or business activity across Ledtech’s markets, reducing operating leverage and limiting the base from which earnings can grow. Sustained top-line pressure would make margin recovery and consistent shareholder returns more difficult.

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

Low leverage and a strong equity base support the balance sheet, but declining revenue, sharply weaker margins, low return on equity, and substantially reduced cash generation weigh heavily on performance.

Income Statement

38Negative

Balance Sheet

78Positive

Cash Flow

48Neutral

Financial statement breakdown
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

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6164 against its peers
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	50Neutral	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

TW:6164 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6164	Ledtech Electronics Corp.	10.90	0.75	7.39%
TW:2255	Jet Optoelectronics Co., Ltd.	11.95	-14.70	-55.16%
TW:3128	Hi Sharp Electronics Co., Ltd.	17.90	-7.68	-30.03%
TW:3373	Radiant Innovation Inc.	16.60	-1.59	-8.74%
TW:3567	Etrend Hightech Corp.	24.25	-1.55	-6.02%
TW:4972	Tons Lightology Inc.	13.95	-4.10	-22.71%

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

Ledtech Electronics Corp. AI Stock Analysis