Winstar Display Co Ltd AI Stock Analysis
Winstar Display Co Ltd (6916) AI Stock Analysis
Winstar Display Co Ltd
(TWSE:6916)
The score is driven primarily by deteriorating fundamentals: a third of revenue lost since 2022, a swing to operating and net losses, and negative operating and free cash flow that is forcing higher borrowing while equity erodes. The balance sheet still offers a partial buffer with equity funding over 40% of assets and leverage down to 0.79x, but that cushion is thinning. Technicals reinforce the caution, with the price trading below all major moving averages and negative MACD momentum. Valuation offers little support, as the P/E is negative on loss-making earnings and the 1.56% dividend yield looks vulnerable given negative free cash flow. A recovery case depends on management stabilizing margins and converting elevated capex into renewed demand.
Winstar Display Co Ltd (6916) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 1.26B
- Dividend Yield
- 1.53%
- Average Volume (3M)
- 43.00K
- Price to Earnings (P/E)
- -21.9
- Beta (1Y)
- 0.49
- Revenue Growth
- 3.94%
- EPS Growth
- -74.99%
- Country
- TW
- Employees
- 756
- Sector
- General
- Sector Strength
- 55
- Industry
- Hardware, Equipment & Parts
Winstar Display Co Ltd Business Overview & Revenue Model
Company Description
Winstar Display Co., Ltd., based in Taichung City, Taiwan, is a prominent global provider specializing in the production, refinement, and sale of a diverse array of display solutions and modules. Established in 1998, the company's reach extends inter...
Winstar Display Co Ltd Financial Statement Overview
Summary
Winstar Display is in a pronounced downcycle. Revenue has fallen roughly a third from its 2022 peak to about NT$2.03 billion, gross margin has slipped to 23.9%, and the company swung to an operating loss (-4.4% margin) and a NT$97.5 million net loss. Cash flow is the weakest element: operating cash flow turned negative at -NT$59.9 million while capex stayed heavy, driving free cash flow to -NT$327 million. The balance sheet is the relative bright spot, with equity funding ~43% of assets and debt-to-equity improved to 0.79x, but debt is rising while equity erodes and ROE has fallen to -9.4%, thinning the cushion.
Income Statement
27NegativeBalance Sheet
45NeutralCash Flow
23Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.16B | 2.03B | 2.03B | 2.23B | 3.00B | 2.24B |
| Gross Profit | 509.68M | 485.49M | 490.96M | 576.60M | 816.92M | 471.96M |
| EBITDA | 73.86M | 41.76M | 174.35M | 260.27M | 532.05M | 178.60M |
| Net Income | -60.22M | -97.46M | 31.71M | 80.81M | 289.76M | 61.85M |
Balance Sheet | ||||||
| Total Assets | 2.63B | 2.44B | 2.49B | 2.30B | 2.36B | 2.13B |
| Cash, Cash Equivalents and Short-Term Investments | 510.49M | 548.85M | 795.20M | 869.54M | 697.50M | 356.42M |
| Total Debt | 849.83M | 826.26M | 732.94M | 553.45M | 640.30M | 753.73M |
| Total Liabilities | 1.58B | 1.39B | 1.34B | 1.13B | 1.40B | 1.49B |
| Stockholders Equity | 1.05B | 1.04B | 1.14B | 1.16B | 952.94M | 633.68M |
Cash Flow | ||||||
| Free Cash Flow | -173.16M | -327.33M | -103.70M | 231.68M | 457.25M | -3.56M |
| Operating Cash Flow | -44.14M | -59.88M | 133.44M | 301.39M | 503.77M | 31.01M |
| Investing Cash Flow | -161.14M | -302.84M | -258.09M | -47.49M | -81.38M | -39.03M |
| Financing Cash Flow | 91.20M | 118.76M | -42.01M | 16.66M | -122.37M | 66.85M |
Winstar Display Co Ltd Peers Comparison
Overall Rating
TW:641857Neutral
TW:353148Neutral
TW:472943Neutral
TW:806840Underperform
TW:351639Underperform- TW:691636Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:6418 | 57Neutral | TWD 1.25B | 95.16 | ― | 1.05% | 6.54% | -63.74% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:3531 | 48Neutral | TWD 1.26B | 32.62 | ― | 2.43% | -24.73% | 39.93% |
| TW:4729 | 43Neutral | TWD 1.32B | 37.69 | ― | ― | 3.32% | 82.70% |
| TW:8068 | 40Underperform | TWD 1.26B | -76.49 | ― | ― | 46.43% | -113.09% |
| TW:3516 | 39Underperform | TWD 1.38B | 47.64 | ― | 0.86% | 8.10% | 276.21% |
| TW:6916 | 36Underperform | TWD 1.23B | -21.86 | ― | 1.53% | 3.94% | -74.99% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:6916 | Winstar Display Co Ltd | 18.25 | 0.65 | 3.69% | |
| TW:3516 | ADO Optronic Corp. | 23.20 | 3.50 | 17.75% | |
| TW:3531 | Shian Yih Electronic Industry Co., Ltd | 20.55 | -1.28 | -5.85% | |
| TW:4729 | Mildex Optical Inc. | 16.70 | -3.70 | -18.14% | |
| TW:6418 | Y-S Electronic Co., Ltd. | 36.30 | -11.37 | -23.86% | |
| TW:8068 | Chander Electronics Corp. | 15.65 | -4.25 | -21.36% |
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