Ligitek Electronics Co., Ltd. AI Stock Analysis
Ligitek Electronics Co., Ltd. (8111) AI Stock Analysis
Ligitek Electronics Co., Ltd.
(TPEx:8111)
Ligitek scores below average overall. The dominant drag is weak earnings power — revenue remains far below its 2021 peak, operating and net margins compressed sharply, and ROE has fallen to roughly 3% — while the shares trade at a demanding 65.6x earnings with only a 0.88% yield. Technicals add pressure, with the price falling below its 20- and 50-day averages and a negative MACD. Offsetting these risks is genuine financial resilience: consistent free cash flow, cash flow covering net income more than fourfold, and a conservatively financed, equity-funded balance sheet that limits downside. A rerating would likely require a sustained volume recovery and better operating cost leverage.
Ligitek Electronics Co., Ltd. (8111) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 8.60B
- Dividend Yield
- 0.76%
- Average Volume (3M)
- 11.53M
- Price to Earnings (P/E)
- 98.7
- Beta (1Y)
- 1.07
- Revenue Growth
- -3.80%
- EPS Growth
- 53.10%
- Country
- TW
- Employees
- 200
- Sector
- General
- Sector Strength
- 55
- Industry
- Hardware, Equipment & Parts
Ligitek Electronics Co., Ltd. Business Overview & Revenue Model
Company Description
Ligitek Electronics Co.,Ltd, along with its various subsidiaries, specializes in the production, processing, and worldwide distribution of a broad spectrum of electronic components. The company operates through two distinct divisions: LED First Busin...
Ligitek Electronics Co., Ltd. Financial Statement Overview
Summary
A mixed picture: cash generation is the clear strength (score 74), with operating cash flow of NT$178m equal to ~21% of revenue and over 4x reported net income, plus NT$157m of free cash flow on light capex. The balance sheet (66) is conservative — equity funds ~62% of assets and debt/equity is a moderate 0.45 — though debt has risen and equity has eroded for a fourth straight year, leaving ROE at just 3.1%. The weakest link is the income statement (44): revenue of NT$852m remains ~24% below the 2021 peak, operating margin compressed to 5.5% from 16.2%, and net income fell ~59% to NT$41m. Gross margin held near 30%, but limited scale leverage and high operating costs are suppressing earnings power.
Income Statement
44NeutralBalance Sheet
66PositiveCash Flow
74Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 841.45M | 851.59M | 809.09M | 783.06M | 842.37M | 1.12B |
| Gross Profit | 237.55M | 255.41M | 241.36M | 206.60M | 243.82M | 374.52M |
| EBITDA | 143.94M | 99.90M | 185.90M | 138.86M | 114.10M | 218.97M |
| Net Income | 124.09M | 41.06M | 98.95M | 62.90M | 114.58M | 394.17M |
Balance Sheet | ||||||
| Total Assets | 2.18B | 2.18B | 2.20B | 2.09B | 2.19B | 2.40B |
| Cash, Cash Equivalents and Short-Term Investments | 1.01B | 1.13B | 1.01B | 950.90M | 953.20M | 1.01B |
| Total Debt | 522.92M | 604.43M | 552.07M | 529.04M | 535.38M | 606.87M |
| Total Liabilities | 792.98M | 835.33M | 788.59M | 712.07M | 737.65M | 849.82M |
| Stockholders Equity | 1.38B | 1.34B | 1.40B | 1.37B | 1.45B | 1.54B |
Cash Flow | ||||||
| Free Cash Flow | 58.30M | 157.01M | 175.30M | 117.32M | 206.31M | -2.00M |
| Operating Cash Flow | 89.49M | 177.91M | 189.73M | 128.37M | 230.69M | 69.01M |
| Investing Cash Flow | -240.68M | -194.19M | -55.35M | -44.35M | -36.19M | 314.10M |
| Financing Cash Flow | -55.98M | -52.66M | -65.36M | -139.71M | -297.11M | -14.71M |
Ligitek Electronics Co., Ltd. Peers Comparison
Overall Rating
TW:528776Outperform
TW:686163Neutral- TW:811150Neutral
TW:670638Underperform
TW:685438Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:5287 | 76Outperform | TWD 8.19B | 8.20 | ― | 8.70% | -0.74% | 12.02% |
| TW:6861 | 63Neutral | TWD 7.45B | 22.89 | ― | 1.10% | 40.99% | 129.85% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:8111 | 50Neutral | TWD 8.62B | 98.68 | ― | 0.76% | -3.80% | 53.10% |
| TW:6706 | 38Underperform | TWD 9.54B | -37.35 | ― | ― | -40.08% | 16.61% |
| TW:6854 | 38Underperform | TWD 8.65B | -16.55 | ― | ― | -38.78% | -125.45% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:8111 | Ligitek Electronics Co., Ltd. | 78.80 | 10.04 | 14.60% | |
| TW:5287 | ADDCN Technology Co., Ltd. | 126.00 | -15.84 | -11.17% | |
| TW:6706 | Fittech Co., Ltd. | 124.00 | 45.20 | 57.36% | |
| TW:6854 | PlayNitride, Inc. | 71.80 | -72.20 | -50.14% | |
| TW:6861 | InnoCare Optoelectronics Corp. | 181.50 | 122.49 | 207.58% | |
| TW:7717 | Lightel Corp | 430.00 | 261.13 | 154.63% |
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