Lotes Co Ltd
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.
Analyst recommendations
17 analysts · consensus BuyAt a glance
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- 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
Signals & dispatch
Composite-score breakdown
Synthesis
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.
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.
- 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-assistedLotes 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.
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
Revenue TWD 9.26B, +11,6% YoY; Operating income −3,1% YoY.
- ▍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%
Revenue TWD 8.42B, +4,4% YoY; Operating income −9,5% YoY.
- ▍Revenue TWD 8.42B, +4,4% YoY
- ▍Operating income −9,5% YoY
- ▍Net income +12,4% YoY
- ▍Free cash flow −3,6% YoY
- ▍Net margin 27.5%
Revenue TWD 8.34B, +13,1% YoY; Operating income +1,3% YoY.
- ▍Revenue TWD 8.34B, +13,1% YoY
- ▍Operating income +1,3% YoY
- ▍Net income −66,5% YoY
- ▍Free cash flow −89,7% YoY
- ▍Net margin 9.0%
Revenue TWD 7.77B, +22,3% YoY; Operating income +20,8% YoY.
- ▍Revenue TWD 7.77B, +22,3% YoY
- ▍Operating income +20,8% YoY
- ▍Net income +9,9% YoY
- ▍Free cash flow −20,2% YoY
- ▍Net margin 29.3%
Revenue TWD 8.30B; Operating income TWD 2.86B.
- ▍Revenue TWD 8.30B
- ▍Operating income TWD 2.86B
- ▍Net margin 35.0%
Revenue TWD 8.07B; Operating income TWD 2.79B.
- ▍Revenue TWD 8.07B
- ▍Operating income TWD 2.79B
- ▍Net margin 25.6%
Revenue TWD 7.37B; Operating income TWD 2.57B.
- ▍Revenue TWD 7.37B
- ▍Operating income TWD 2.57B
- ▍Net margin 30.3%
Revenue TWD 6.35B; Operating income TWD 2.03B.
- ▍Revenue TWD 6.35B
- ▍Operating income TWD 2.03B
- ▍Net margin 32.6%
Revenue TWD 33.78B, +12,3% YoY; Operating income +1,0% YoY.
- ▍Revenue TWD 33.78B, +12,3% YoY
- ▍Operating income +1,0% YoY
- ▍Net income −15,2% YoY
- ▍Free cash flow −84,0% YoY
- ▍Net margin 23.3%
Revenue TWD 30.09B, +22,9% YoY; Operating income +48,3% YoY.
- ▍Revenue TWD 30.09B, +22,9% YoY
- ▍Operating income +48,3% YoY
- ▍Net income +65,9% YoY
- ▍Free cash flow +94,7% YoY
- ▍Net margin 30.8%
Revenue TWD 24.48B, −9,7% YoY; Operating income −5,0% YoY.
- ▍Revenue TWD 24.48B, −9,7% YoY
- ▍Operating income −5,0% YoY
- ▍Net income −10,6% YoY
- ▍Free cash flow −22,8% YoY
- ▍Net margin 22.8%
Revenue TWD 27.10B, +26,7% YoY; Operating income +66,7% YoY.
- ▍Revenue TWD 27.10B, +26,7% YoY
- ▍Operating income +66,7% YoY
- ▍Net income +80,2% YoY
- ▍Free cash flow +26 199,1% YoY
- ▍Net margin 23.1%
Valuation TTM
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 97,10 |
| Revenue | —no estimate | —no estimate | 39,9B TWD |
| Operating income | —no estimate | —no estimate | 13,3B TWD |
Options
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consensus EPS · 26-week trendSell-side observations
Themes
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Risk factors
- No immediate filing-based liquidity or dilution flags were detected.
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- Return On Equitynet_income / total_equity
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- Lotes Co Ltd Market data — financials · 2026-05-26
- Lotes Co Ltd Market data — analyst estimates · 2026-05-26