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3533.TW Electronic Equipment & Parts

Lotes Co Ltd

$2 145,00
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Mcap
P/E
EV / Rev
Div yield
1,68 %
Op margin
32,0 %
ROE
6,8 %
Net margin
32,6 %
Debt / equity
0,10
Beta
52w range
Volume
Day range
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Next earnings
Ex-dividend
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About

Lotes Co Ltd designs and manufactures electronic components and parts, primarily serving the technology equipment sector.

Business. Lotes Co Ltd (3533.TW) is a technology equipment company operating in the electronic equipment and parts industry. The firm generates revenue through the sale of products, though specific operating segments and geographic breakdowns are not disclosed. Headquartered in Taiwan, the company is primarily listed on the Taiwan Stock Exchange under the ticker 3533.TW.

Classification92 %
SectorTechnology
Business sectorTechnology Equipment
IndustryElectronic Equipment & Parts
ActivityTechnology Equipment
Generated · model-assisted
Sell-side consensus
BUY17 analysts
14 buy3 hold0 sell
Avg 12m price target2 207,38

Analyst recommendations

17 analysts · consensus Buy
Buy14
Hold3
Sell0
12-month price target
2 207,38
Consensus of sell-side coverage.
Upcoming events
— missing data
See all catalysts →

At a glance

Score
62
composite score
Valuation
valuation pending
Analysts
Buy
17 analysts · indicative
Ownership
not yet wired
Profitability
6,8 %
return on equity
Quality
58
quality score (0-100)

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

0
  • No recent newsroom coverage mentioning 3533.
  • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,2 %+1,6 %+2,4 %
    Energy+1,2 %+5,3 %+1,4 %
    Real Estate+0,7 %+4,1 %+0,8 %
    Health Care+0,7 %−0,5 %+0,8 %
    Consumer Discretionary+0,3 %+8,7 %+0,5 %
    Information Technology · THIS SECTOR−0,3 %+6,6 %−0,1 %
    Financials−0,3 %−4,5 %−0,1 %
    Consumer Staples−1,0 %+3,0 %−0,8 %
    Utilities−1,5 %−21,2 %−1,3 %
    Industrials−1,7 %−2,3 %−1,6 %
    Communication Services

    Developing storylines

    No tracked sagas currently linked to 3533.TW. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-07-07 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-07-08 · AU
    • Rate decisionBank of Canada rate decision (press conf.)2026-07-15 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-07-16 · EU
    • Rate decisionBank of Japan rate decision (press conf.)2026-07-16 · JP
    • Rate decisionFederal Reserve rate decision (press conf.)2026-07-29 · US
    • Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Composite score62 / 100
    Composite score 0-100 · Data quality 0,58
    Data quality0,58 / 1.00

    Synthesis

    Business

    Lotes Co Ltd (3533.TW) is a technology equipment company operating in the electronic equipment and parts industry. The firm generates revenue through the sale of products, though specific operating segments and geographic breakdowns are not disclosed. Headquartered in Taiwan, the company is primarily listed on the Taiwan Stock Exchange under the ticker 3533.TW.

    Classification92 %
    SectorTechnology
    Business sectorTechnology Equipment
    IndustryElectronic Equipment & Parts
    ActivityTechnology Equipment
    AI synthesis
    GENERATED

    Lotes Co Ltd maintains a strong liquidity position with a current ratio of 4.06 and cash and equivalents amounting to TWD 11.07 billion, which represents 26.65% of total assets. The company's debt-to-equity ratio is 0.1, indicating a conservative capital structure with minimal leverage. Free cash flow of TWD 2.00 billion in the latest period supports operational flexibility and potential reinvestment.

    Profitability metrics show a return on equity of 6.76% and a return on assets of 4.98%, both below the industry median for Electronic Equipment & Parts firms. Gross margin of 51.3% and operating margin of 32.0% suggest healthy cost control but room for improvement in asset efficiency. Net income of TWD 2.07 billion reflects a 3.26% margin on revenue of TWD 6.35 billion.

    The company operates as a single business segment, with no disclosed geographic revenue breakdown. This lack of diversification may expose the firm to regional economic or regulatory risks, though no specific concentration flags are currently raised.

    Outlook data indicates a projected revenue increase of 5.2% in the current fiscal year and 3.8% in the following year. These growth rates are in line with the industry average, supported by stable demand for electronic components in the technology sector. Capital expenditures of TWD -687.38 million suggest a focus on cost optimization rather than expansion in the near term.

    Risk assessment highlights low liquidity and dilution risk, with no immediate filing-based flags detected. The company's low debt load and high cash reserves reduce financial distress risk. Dilution potential is also low, with basic and diluted shares outstanding aligned at 111.93 million.

    Recent analyst estimates show a mean price target of TWD 2,207.38 and a median of TWD 2,250.00, with 7 strong-buy and 7 buy recommendations. This suggests a generally positive sentiment among analysts, though the wide range of price targets (TWD 1,500 to TWD 3,060) indicates some uncertainty about the company's valuation.

    Key takeaways
    • Lotes Co Ltd maintains a conservative capital structure with a debt-to-equity ratio of 0.1 and strong liquidity.
    • Profitability metrics are in line with industry norms, but asset efficiency lags behind.
    • Analysts project moderate revenue growth, with a generally positive outlook despite valuation uncertainty.
    • The company's single-segment, single-geography exposure may limit diversification benefits.
    • No immediate liquidity or dilution risks are flagged, supporting stable operations.

    Bull / Bear case

    Generated · model-assisted
    BULL CASE · 3

    Lotes generated TWD 30.1 billion in 2025 revenue, reflecting a strong 12.1% four-year compound annual growth rate.

    Analysts maintain a buy recommendation with a mean price target of TWD 2,207, implying 2.9% upside.

    Lotes maintains a conservative debt-to-equity ratio of 0.1, well below the 0.26 cohort median.

    BEAR CASE · 1

    Long-term debt surged to TWD 4.6 billion in 2025, a significant increase from TWD 3.1 billion in 2024.

    In focus — financials by report

    Quarterly
    Annual
    QUARTERLYFiled 2026-03-11
    Q4 2025 · Quarter highlights

    Revenue TWD 9.26B, +11,6% YoY; Operating income −3,1% YoY.

    RevenueTWD 9.26B+11,6 % YoY
    Operating incomeTWD 2.77B−3,1 % YoY
    Net incomeTWD 2.52B−13,2 % YoY
    Free cash flowTWD 1.94B+6,3 % YoY
    EPS
    Operating cash flowTWD 8.53B−15,2 % YoY
    Financials
    Income statement
    RevenueTWD 9.26B
    Gross profitTWD 4.77B
    Operating incomeTWD 2.77B
    Net incomeTWD 2.52B
    Margins
    Gross margin51.5%
    Operating margin29.9%
    Net margin27.2%
    FCF margin21.0%
    Balance sheet
    Total assetsTWD 50.43B
    Total liabilitiesTWD 11.99B
    Total equityTWD 38.44B
    Cash & equivalentsTWD 5.21B
    Long-term debtTWD 1.03B
    Cash flow
    Operating cash flowTWD 8.53B
    CapEx-TWD 5.10B
    Free cash flowTWD 1.94B
    SBC
    P&L flow · revenue → net income
    Revenue TWD 9.26BOperating costs TWD 6.49BTax TWD 247.7MNet income TWD 2.52B
    Highlights
    • Revenue TWD 9.26B, +11,6% YoY
    • Operating income −3,1% YoY
    • Net income −13,2% YoY
    • Free cash flow +6,3% YoY
    • Net margin 27.2%

    Valuation TTM

    Market price
    $2 145,00
    Market cap
    Enterprise value
    P/E
    Non-GAAP P/E
    EV / Revenue
    EV / Op income
    EV / OCF
    P / B
    P / Tangible book
    Tangible book
    $30.65B
    Net cash
    $7.96B
    Current ratio
    4.1
    Debt / equity
    0.1
    ROA
    5.0%
    ROE
    6.8%
    Cash conversion
    123.0%
    CapEx / revenue
    -10.8%
    SBC / revenue
    Dilution ratio
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Predictor forecast

    Next quarternear-term
    Earnings · next quarterconf 45 %
    EPS
    Consensus EPS
    97,10
    Predicted surprise
    -0,00
    Beat probability
    45 %
    Analysts
    17
    Other metrics
    Revenue
    no estimate
    Segment revenue
    no estimate
    Margin
    no estimate
    Segment margin
    no estimate
    as of 2026-05-22 · Earnings Surprise V1
    Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.
    Full fiscal year~1 year ahead
    Full fiscal year · our forecast vs guidance vs consensus
    MetricOur forecastGuidanceConsensus
    EPSno estimateno estimate97,10
    Revenueno estimateno estimate39,9B TWD
    Operating incomeno estimateno estimate13,3B TWD
    Full-year consensus mean (period as reported by source) · consensus in TWD. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.
    Probabilistic model output — not investment advice. · generated 2026-07-07

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Consensus distribution

    sell-side coverage
    Recommendation distribution17 analysts
    Strong buy7
    Buy7
    Hold3
    Sell0
    Strong sell0
    12-month price target$2 207,38 · Median $2 250,00
    Low $1 500,00High $3 060,00
    Operating income · consensus13,3B TWD
    EPS surprise
    −27,8 %
    reported vs consensus · miss
    Revenue surprise
    −15,3 %
    reported vs consensus · miss

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    Low$1 500,00
    Mean$2 207,38
    Median$2 250,00
    High$3 060,00
    Spot$2 145,00
    +2.9 %implied to mean12-month sell-side price targets · ▲ spot

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    Dilution riskLow
    Liquidity riskLow
    Filing-based flags
    • No immediate filing-based liquidity or dilution flags were detected.

    Benchmarks vs cohort

    Op Margin32,0 %Best in class
    Net Margin32,6 %Best in class
    ROE6,8 %Above median
    Capex / Rev-10,8 %Below median
    D/E0,10Above median
    Cash Conv1,23Above median

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Net Cash
      cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
    • Capex To Revenue
      capital_expenditure / revenue
    • Return On Equity
      net_income / total_equity
    • Debt To Equity
      (short_term_debt + long_term_debt) / total_equity
    • Cash Conversion Ratio
      operating_cash_flow / net_income
    Source documents
    • Lotes Co Ltd Market data — financials · 2026-05-26
    • Lotes Co Ltd Market data — analyst estimates · 2026-05-26

    Ownership & reference

    Insider activity

    — missing data

    Short positioning

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    3533.TWCanonical
    — · USD

    Intel & risk

    PredictorBeat prob45 %Surprise-0,00Full forecast →
    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskLow
    No immediate filing-based liquidity or dilution flags were detected.

    Evidence & claims

    From filings & derived data
    — missing data

    The Thread

    Everything we know, in order
    2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated
    2026-03-11 16:19 UTCEARNINGSQuarterly results — Q4 2025 Revenue TWD 9.26B · Net TWD 2.52B
    2026-03-11 16:19 UTCEARNINGSAnnual results — FY 2026 Revenue TWD 33.78B · Net TWD 7.87B
    2025-11-10 14:01 UTCEARNINGSQuarterly results — Q3 2025 Revenue TWD 8.42B · Net TWD 2.32B
    2025-08-11 14:26 UTCEARNINGSQuarterly results — Q2 2025 Revenue TWD 8.34B · Net TWD 749.0M
    2025-05-09 14:05 UTCEARNINGSQuarterly results — Q1 2025 Revenue TWD 7.77B · Net TWD 2.28B
    2025-03-10 14:44 UTCEARNINGSQuarterly results — Q4 2024 Revenue TWD 8.30B · Net TWD 2.91B
    2025-03-10 14:44 UTCEARNINGSAnnual results — FY 2025 Revenue TWD 30.09B · Net TWD 9.28B
    2024-11-11 14:49 UTCEARNINGSQuarterly results — Q3 2024 Revenue TWD 8.07B · Net TWD 2.06B
    2024-08-09 14:16 UTCEARNINGSQuarterly results — Q2 2024 Revenue TWD 7.37B · Net TWD 2.24B
    2024-05-10 13:14 UTCEARNINGSQuarterly results — Q1 2024 Revenue TWD 6.35B · Net TWD 2.07B
    2024-03-12 15:23 UTCEARNINGSAnnual results — FY 2024 Revenue TWD 24.48B · Net TWD 5.59B
    2023-03-21 15:41 UTCEARNINGSAnnual results — FY 2023 Revenue TWD 27.10B · Net TWD 6.26B
    2022-03-21 15:32 UTCEARNINGSAnnual results — FY 2022 Revenue TWD 21.39B · Net TWD 3.47B
    The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-07-07 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage