Ligitek Electronics Co., Ltd. (8111) AI Stock Analysis

Ligitek Electronics Co., Ltd.

(TPEx:8111)

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Rating:46Neutral

Price Target:TWD 67.00▼(-14.97% Downside)

Action:initiatedcoverage

Date:11/09/26

Weak financial performance driven by revenue and profitability declines is the largest drag, followed by unattractive valuation from high P/E; short-term technical weakness adds further pressure.

Positive Factors

Manageable LeverageManageable leverage reduces dependence on debt financing and preserves financial flexibility for operations and investment. The sizable equity base provides a buffer against weaker periods, supporting balance-sheet resilience over the next several quarters.

Negative Factors

Revenue ContractionThe renewed revenue decline signals uneven demand and weak recent business momentum across the company’s product base. Sustained contraction would reduce operating leverage, limit reinvestment capacity, and make consistent earnings recovery more difficult.

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

Weak income statement from sharp revenue decline and margin collapse to under 5% is partially offset by solid cash flow conversion and moderate balance sheet leverage.

Income Statement

38Negative

Balance Sheet

55Neutral

Cash Flow

68Positive

Financial statement breakdown
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

UnderperformOutperform

Sector (55)

Financial Indicators

TW:8111 against its peers
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	46Neutral	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

TW:8111 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:8111	Ligitek Electronics Co., Ltd.	78.80	11.03	16.27%
TW:5287	ADDCN Technology Co., Ltd.	126.00	-15.03	-10.65%
TW:6706	Fittech Co., Ltd.	124.00	45.00	56.96%
TW:6854	PlayNitride, Inc.	71.80	-66.70	-48.16%
TW:6861	InnoCare Optoelectronics Corp.	181.50	123.48	212.85%
TW:7717	Lightel Corp	430.00	261.13	154.63%

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

Ligitek Electronics Co., Ltd. AI Stock Analysis