Elan Microelectronics Corp

Elan Microelectronics maintains a strong liquidity position with a current ratio of 2.48 and cash and equivalents of TWD 2.88 billion, which represents 18.8% of total assets. The company's debt-to-equity ratio is 0.13, indicating a conservative capital structure with minimal leverage. Free cash flow of TWD 643.28 million supports operational flexibility and potential reinvestment.

The company's profitability is reflected in a return on equity of 7.63% and a return on assets of 4.83%, both of which are in line with industry norms. Gross profit of TWD 1.53 billion and operating income of TWD 767.85 million suggest healthy margins, although the net income of TWD 738.43 million indicates some non-operational expenses or tax impacts.

Elan Microelectronics' revenue is concentrated in a few key markets, with disclosed exposure to consumer electronics, automotive, and industrial applications. The company's geographic and segment diversification is not explicitly detailed in the available data, but its product portfolio suggests a focus on high-growth technology sectors.

The company's growth trajectory is supported by a strong operating cash flow of TWD 1.83 billion and a capital expenditure of TWD -479.15 million, indicating ongoing investment in infrastructure. Analysts have assigned a mean price target of TWD 146.67, with a median of TWD 145.00, reflecting a generally positive outlook.

Risk factors for Elan Microelectronics include potential supply chain disruptions and competitive pressures in the semiconductor industry. The company's liquidity risk is low, and there are no immediate filing-based dilution flags. However, the industry's cyclical nature and rapid technological changes could impact long-term performance.

Recent events include the publication of the latest financial data and analyst price targets. No significant filings or transcripts have been disclosed in the available data, but the company's financial health and operational performance remain stable.

Operating and net margins are best-in-class, significantly exceeding the semiconductor cohort medians of 2.5% and 2.5% respectively.

Return on equity of 7.6% ranks above the 75th percentile of the semiconductor cohort, indicating superior capital efficiency.

The company maintains a low debt-to-equity ratio of 0.13, well below the cohort median of 0.24, ensuring financial stability.

Cash conversion of 2.48 is above the 75th percentile of the cohort, demonstrating strong ability to generate cash from earnings.

Analysts maintain a buy recommendation with a mean price target of 146.67, implying slight upside from the current market price.

Free cash flow turned negative in 2023 and 2024, reaching -1.0 billion TWD in 2024, signaling cash generation challenges.

Long-term debt has nearly tripled from 723 million TWD in 2022 to 1.87 billion TWD in 2026, increasing leverage.

Revenue TWD 3.22B, +3,4% YoY; Operating income −0,8% YoY.

• ▍Revenue TWD 3.22B, +3,4% YoY
• ▍Operating income −0,8% YoY
• ▍Net income +28,6% YoY
• ▍Free cash flow −6,8% YoY
• ▍Net margin 21.9%

Revenue TWD 2.86B, −5,8% YoY; Operating income −8,5% YoY.

• ▍Revenue TWD 2.86B, −5,8% YoY
• ▍Operating income −8,5% YoY
• ▍Net income +22,0% YoY
• ▍Free cash flow +61,1% YoY
• ▍Net margin 25.7%

Revenue TWD 3.32B, −2,5% YoY; Operating income −14,6% YoY.

• ▍Revenue TWD 3.32B, −2,5% YoY
• ▍Operating income −14,6% YoY
• ▍Net income +13,0% YoY
• ▍Free cash flow +38,0% YoY
• ▍Net margin 24.3%

Revenue TWD 3.03B, −3,8% YoY; Operating income −3,1% YoY.

• ▍Revenue TWD 3.03B, −3,8% YoY
• ▍Operating income −3,1% YoY
• ▍Net income −52,1% YoY
• ▍Free cash flow −115,1% YoY
• ▍Net margin 11.7%

Revenue TWD 3.12B; Operating income TWD 785.2M.

• ▍Revenue TWD 3.12B
• ▍Operating income TWD 785.2M
• ▍Net margin 17.6%

Revenue TWD 3.04B; Operating income TWD 722.3M.

• ▍Revenue TWD 3.04B
• ▍Operating income TWD 722.3M
• ▍Net margin 19.9%

Revenue TWD 3.40B; Operating income TWD 926.6M.

• ▍Revenue TWD 3.40B
• ▍Operating income TWD 926.6M
• ▍Net margin 20.9%

Revenue TWD 3.15B; Operating income TWD 767.9M.

• ▍Revenue TWD 3.15B
• ▍Operating income TWD 767.9M
• ▍Net margin 23.4%

Revenue TWD 12.33B, −2,9% YoY; Operating income −2,7% YoY.

• ▍Revenue TWD 12.33B, −2,9% YoY
• ▍Operating income −2,7% YoY
• ▍Net income −10,7% YoY
• ▍Free cash flow −77,7% YoY
• ▍Net margin 19.8%

Revenue TWD 12.70B, +5,3% YoY; Operating income +25,9% YoY.

• ▍Revenue TWD 12.70B, +5,3% YoY
• ▍Operating income +25,9% YoY
• ▍Net income +27,6% YoY
• ▍Free cash flow +46,1% YoY
• ▍Net margin 21.5%

Revenue TWD 12.06B, −7,5% YoY; Operating income −12,6% YoY.

• ▍Revenue TWD 12.06B, −7,5% YoY
• ▍Operating income −12,6% YoY
• ▍Net income −0,4% YoY
• ▍Free cash flow +43,4% YoY
• ▍Net margin 17.8%

Revenue TWD 13.03B, −28,9% YoY; Operating income −50,9% YoY.

• ▍Revenue TWD 13.03B, −28,9% YoY
• ▍Operating income −50,9% YoY
• ▍Net income −57,8% YoY
• ▍Free cash flow −176,1% YoY
• ▍Net margin 16.5%