Excellence Optoelectronics Holding Co Inc

The company's capital structure shows a debt-to-equity ratio of 0.85, indicating moderate leverage relative to equity. Despite a negative operating cash flow of -222,088,000 TWD, the firm maintains a current ratio of 1.54, suggesting it can cover short-term obligations with current assets. However, the firm's liquidity position is constrained by a negative net cash position after subtracting total debt, which raises concerns about its ability to fund operations without external financing.

Profitability metrics reveal a return on equity of 1.56% and a return on assets of 0.68%, both below the industry median for automotive parts manufacturers. The firm's net income of 47,586,000 TWD is supported by a gross profit of 203,436,000 TWD, but operating income of only 6,726,000 TWD suggests high operating expenses relative to revenue. These returns are weak compared to the industry's preferred metrics of ROE > 10% and ROA > 5%.

The firm's revenue is concentrated in a single business segment focused on automotive optoelectronic components, with no disclosed geographic diversification. This concentration increases exposure to sector-specific demand fluctuations and regional economic conditions. No material revenue is attributed to other segments or geographic regions in the latest financial report.

The company's growth trajectory is uncertain, with no disclosed revenue growth or decline in the latest period. The outlook for the current fiscal year does not include specific numeric projections, and no forward-looking guidance is provided for the next fiscal year. The firm's capital expenditure of -32,901,000 TWD indicates a reduction in investment, which may signal a strategic shift or financial constraint.

Risk factors include a medium liquidity risk due to negative operating cash flow and a negative net cash position. The firm's dilution risk is assessed as low, with no near-term pressure from share issuance or convertible instruments. However, the absence of disclosed dilution sources does not eliminate the possibility of future equity offerings to address liquidity needs.

Recent events include the filing of the latest financial report, which discloses the firm's financial position and operational performance. No material events, such as mergers, acquisitions, or regulatory actions, are reported in the latest filings or transcripts.

Revenue grew at a 12.3% CAGR over four years, demonstrating consistent top-line expansion for the company.

Operating income surged 1,954.5% year-over-year, signaling a significant recovery in core operational profitability.

Debt-to-equity ratio of 0.85 is below the 0.41 cohort median, suggesting a relatively conservative leverage position.

Capex to revenue ratio ranks in the top quartile, implying efficient capital deployment relative to peers.

Operating margin of 0.5% sits in the bottom quartile, reflecting poor operational efficiency compared to peers.

Cash conversion ratio of -4.67 is in the bottom quartile, showing poor ability to generate cash from earnings.

The company faces high credit risk, posing a significant threat to financial stability and borrowing costs.

Revenue TWD 1.34B; Operating income -TWD 45.8M.

• ▍Revenue TWD 1.34B
• ▍Operating income -TWD 45.8M
• ▍Net margin 0.7%

Revenue TWD 1.40B; Operating income TWD 26.6M.

• ▍Revenue TWD 1.40B
• ▍Operating income TWD 26.6M
• ▍Net margin 0.1%

Revenue TWD 1.41B; Operating income TWD 17.4M.

• ▍Revenue TWD 1.41B
• ▍Operating income TWD 17.4M
• ▍Net margin 1.9%

Revenue TWD 1.39B; Operating income TWD 6.7M.

• ▍Revenue TWD 1.39B
• ▍Operating income TWD 6.7M
• ▍Net margin 3.4%

Revenue TWD 5.54B, +28,1% YoY; Operating income +108,8% YoY.

• ▍Revenue TWD 5.54B, +28,1% YoY
• ▍Operating income +108,8% YoY
• ▍Net income +733,6% YoY
• ▍Free cash flow −756,4% YoY
• ▍Net margin 1.5%

Revenue TWD 4.33B, +13,1% YoY; Operating income +56,0% YoY.

• ▍Revenue TWD 4.33B, +13,1% YoY
• ▍Operating income +56,0% YoY
• ▍Net income −37,9% YoY
• ▍Free cash flow +152,6% YoY
• ▍Net margin 0.2%

Revenue TWD 3.83B, +5,8% YoY; Operating income −298,4% YoY.

• ▍Revenue TWD 3.83B, +5,8% YoY
• ▍Operating income −298,4% YoY
• ▍Net income +58,5% YoY
• ▍Free cash flow +88,9% YoY
• ▍Net margin 0.4%

Revenue TWD 3.61B; Operating income TWD 63.4M.

• ▍Revenue TWD 3.61B
• ▍Operating income TWD 63.4M
• ▍Net margin 0.3%