Cosmo Electronics Corp

Cosmo Electronics Corp has a debt-to-equity ratio of 1.14, indicating a moderate level of leverage, and a current ratio of 0.73, suggesting potential liquidity constraints. The company's cash and equivalents amount to 55,158,000 TWD, which is significantly lower than its long-term debt of 2,154,374,000 TWD, resulting in a negative net cash position. The company's return on equity is -3.46%, and its return on assets is -1.46%, both of which are below the industry median for profitability metrics.

The company's operating income is -60,557,000 TWD, and its net income is -65,699,000 TWD, indicating a significant decline in profitability. These figures are well below the industry median for operating and net margins, suggesting that the company is underperforming relative to its peers. The company's gross profit of 753,000 TWD is also below the industry median, further highlighting its challenges in maintaining profitability.

Cosmo Electronics Corp's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases the company's exposure to market-specific risks and could impact its ability to sustain revenue growth in the long term. The company's revenue of 129,068,000 TWD is derived from its core operations in electronic equipment and parts, with no significant contributions from other segments.

The company's growth trajectory is negative, with a decline in revenue and profitability. The operating cash flow is -50,404,000 TWD, and the free cash flow is -52,040,000 TWD, indicating a lack of cash generation. The capital expenditure of -15,324,000 TWD suggests that the company is not investing in growth initiatives, which could further hinder its ability to improve performance. The company's future revenue outlook is uncertain, with no clear signs of improvement in the near term.

The company faces several risk factors, including liquidity constraints and a negative net cash position. The risk assessment indicates a medium level of liquidity risk and a low level of dilution risk. The company's capital structure is heavily leveraged, with a debt-to-equity ratio of 1.14, which could increase financial distress in the event of further losses. The company's recent financial performance and negative cash flows suggest that it may need to seek additional financing, which could lead to further dilution of equity.

Recent events, including the company's financial performance and analyst estimates, indicate a challenging operating environment. The last actual EPS was -0.19 TWD, and the last actual revenue was 2,128,384,000 TWD, both of which are below expectations. The company's financial statements and disclosures do not indicate any significant changes in operations or strategy that could improve its performance in the near term.

Revenue grew 41.4% year-over-year in the latest period, indicating a significant rebound in top-line sales performance.

Net income surged 29.5% year-over-year, demonstrating improved profitability despite previous years of operational losses.

Operating income increased by 100.2% year-over-year, signaling a strong recovery in core operational efficiency and margins.

Long-term debt decreased to TWD 1.89 billion, reflecting a continued trend of deleveraging from previous higher levels.

Dilution risk is assessed as low, suggesting current capital structure stability without immediate threats to shareholder equity.

Debt-to-equity ratio is 1.14, significantly higher than the cohort median of 0.26, indicating elevated financial leverage risk.

Credit risk is flagged as high, suggesting potential difficulties in meeting financial obligations or securing favorable financing terms.

Revenue TWD 203.6M, +57,7% YoY; Operating income +3,4% YoY.

• ▍Revenue TWD 203.6M, +57,7% YoY
• ▍Operating income +3,4% YoY
• ▍Net income −24,0% YoY
• ▍Free cash flow −81,0% YoY
• ▍Net margin -40.0%

Revenue TWD 215.4M; Operating income -TWD 55.5M.

• ▍Revenue TWD 215.4M
• ▍Operating income -TWD 55.5M
• ▍Net margin 46.2%

Revenue TWD 445.0M; Operating income -TWD 10.0M.

• ▍Revenue TWD 445.0M
• ▍Operating income -TWD 10.0M
• ▍Net margin -7.4%

Revenue TWD 949.1M, −14,3% YoY; Operating income −136,0% YoY.

• ▍Revenue TWD 949.1M, −14,3% YoY
• ▍Operating income −136,0% YoY
• ▍Net income +246,5% YoY
• ▍Free cash flow +175,5% YoY
• ▍Net margin 4.5%

Revenue TWD 1.11B, +5,1% YoY; Operating income −26,8% YoY.

• ▍Revenue TWD 1.11B, +5,1% YoY
• ▍Operating income −26,8% YoY
• ▍Net income −196,3% YoY
• ▍Free cash flow −209,2% YoY
• ▍Net margin -2.6%

Revenue TWD 1.05B, −24,3% YoY; Operating income −388,3% YoY.

• ▍Revenue TWD 1.05B, −24,3% YoY
• ▍Operating income −388,3% YoY
• ▍Net income −72,9% YoY
• ▍Free cash flow −1,7% YoY
• ▍Net margin 2.9%

Revenue TWD 1.39B, +3,6% YoY; Operating income +5 293,0% YoY.

• ▍Revenue TWD 1.39B, +3,6% YoY
• ▍Operating income +5 293,0% YoY
• ▍Net income +101,8% YoY
• ▍Free cash flow +177,8% YoY
• ▍Net margin 8.0%