Linkcom Manufacturing Co., Ltd. (6821) AI Stock Analysis

Linkcom Manufacturing Co., Ltd.

(TPEx:6821)

Select Model

Rating:60Neutral

Price Target:TWD 36.00▲(1.12% Upside)

Action:initiatedcoverage

Date:11/10/26

The score is primarily supported by positive cash flow and a substantial equity base, but declining profitability and higher debt constrain financial strength. Weak price momentum and trading below all major moving averages further reduce the score, while the moderate P/E and 3.18% dividend yield provide partial support.

Positive Factors

Healthy Gross MarginA 36.6% gross margin and positive operating profit show that the company retains meaningful economics in its electronics manufacturing activities. This provides a foundation for absorbing cost pressure, funding operations, and rebuilding earnings if demand conditions improve over coming quarters.

Negative Factors

Revenue DeclineThe 2025 revenue contraction signals weaker demand, pricing, or shipment volumes in the company’s served markets. If this weakness persists, it can limit operating leverage, reduce the scale available to absorb fixed costs, and make a return to prior earnings levels more difficult.

Linkcom Manufacturing Co., Ltd. (6821) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 1.12B
Dividend Yield: 3.05%
Average Volume (3M): 136.25K
Price to Earnings (P/E): 20.3
Beta (1Y): 0.83
Revenue Growth: -11.42%
EPS Growth: 56.51%
Country: TW
Employees: 290
Sector: General
Sector Strength: 55
Industry: Electrical Equipment & Parts

Linkcom Manufacturing Co., Ltd. Business Overview & Revenue Model

Company Description

LinkCom Manufacturing Co.,LTD. designs, produces, and sells magnetic components, intelligent power supplies, and intelligent lighting control solutions worldwide. The company also offers wireless charging products, IoT power modules, and LED lighting...

Linkcom Manufacturing Co., Ltd. Financial Statement Overview

Summary

Financial quality is moderate: positive and improving free cash flow and a sizable equity base support the score, but declining revenue and net income, modest returns, and sharply higher debt weigh on performance.

Income Statement

57Neutral

Balance Sheet

68Positive

Cash Flow

73Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	559.72M	582.14M	566.05M	554.40M	551.98M	492.26M
Gross Profit	206.30M	213.12M	186.36M	193.62M	177.71M	140.83M
EBITDA	81.46M	79.83M	87.07M	98.41M	114.76M	61.50M
Net Income	55.85M	35.07M	36.92M	50.14M	63.06M	31.47M
Balance Sheet
Total Assets	1.21B	1.16B	985.78M	949.58M	877.10M	866.75M
Cash, Cash Equivalents and Short-Term Investments	659.05M	614.09M	381.99M	435.98M	335.01M	186.26M
Total Debt	155.19M	318.81M	85.22M	83.77M	99.53M	128.03M
Total Liabilities	403.43M	523.10M	338.16M	302.43M	336.13M	361.10M
Stockholders Equity	807.30M	637.71M	647.62M	647.15M	540.97M	505.65M
Cash Flow
Free Cash Flow	111.70M	85.92M	14.24M	56.84M	75.79M	-5.67M
Operating Cash Flow	130.48M	100.33M	35.12M	94.72M	81.14M	20.68M
Investing Cash Flow	-30.22M	-74.50M	-60.66M	-25.11M	33.24M	-107.17M
Financing Cash Flow	170.74M	191.38M	-32.39M	40.91M	-61.51M	-38.68M

Linkcom Manufacturing Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6821 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:6821	60Neutral	TWD 1.25B	20.31	―	3.05%	-11.42%	56.51%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:6140	48Neutral	TWD 1.31B	-50.48	―	―	-9.26%	-23.58%
TW:6674	46Neutral	TWD 1.26B	-7.99	―	―	-40.57%	-73.29%
TW:6680	40Underperform	TWD 1.23B	52.20	―	6.02%	11.10%	-7.06%
TW:3511	38Underperform	TWD 1.33B	-18.96	―	―	-6.72%	-11.85%
TW:3541	37Underperform	TWD 1.25B	70.26	―	―	0.16%	―

* General Sector Average

Performance Comparison

TW:6821 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6821	Linkcom Manufacturing Co., Ltd.	35.60	0.75	2.15%
TW:3511	Simula Technology, Inc.	16.65	-3.60	-17.78%
TW:3541	Cypress Technology Co. Ltd.	22.30	-1.25	-5.31%
TW:6140	Dimension Computer Technology Co., Ltd.	23.90	-6.10	-20.33%
TW:6674	Compal Broadband Networks, Inc.	18.40	-2.85	-13.41%
TW:6680	SINTRONES Technology Corp.	49.20	-22.45	-31.34%

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 10, 2026

Linkcom Manufacturing Co., Ltd. AI Stock Analysis