Mildex Optical Inc

Mildex Optical Inc has a market price of 23.95 TWD per share, with a market capitalization of 1,897,481,860 TWD. The company's price-to-book ratio is 1.68, and its price-to-tangible-book ratio is also 1.68, indicating that the market value is slightly above the book value of the company's tangible assets. The enterprise value to EBITDA ratio is negative at -165.90, reflecting the company's current operating losses. The enterprise value to revenue ratio is 15.57, suggesting that the company is valued at a premium relative to its revenue.

The company's profitability metrics are concerning, with a return on equity of -0.34% and a return on assets of -0.12%, both significantly below the industry median for electronic equipment and parts. The operating income is negative at -21,498,000 TWD, and the net income is also negative at -3,819,000 TWD, indicating that the company is not generating profits from its operations. The gross profit margin is 11.47%, which is below the industry median, further highlighting the company's challenges in maintaining profitability.

Mildex Optical Inc's revenue is concentrated in the technology equipment sector, with no disclosed geographic diversification. The company's total revenue for the latest period is 229,046,000 TWD, and there are no disclosed segments or geographic regions contributing to this revenue. The lack of segment and geographic data limits the ability to assess the company's exposure to different markets and potential risks associated with revenue concentration.

The company's growth trajectory is uncertain, with no disclosed revenue growth or decline in the latest period. The operating cash flow is positive at 50,793,000 TWD, and the free cash flow is 14,366,000 TWD, indicating that the company is generating some cash from its operations. However, the capital expenditure is negative at -5,329,000 TWD, suggesting that the company is not investing in new assets. The absence of growth in capital expenditures may limit the company's ability to expand its operations or develop new products.

The company faces several risk factors, including a medium liquidity risk and a low dilution risk. The key flag indicating a negative net cash position after subtracting total debt suggests that the company may have difficulty meeting its short-term obligations. The debt-to-equity ratio is 1.48, indicating that the company is leveraged, and the current ratio of 1.11 suggests that the company has just enough current assets to cover its current liabilities. The absence of dilution risk is a positive factor, as it indicates that the company is not likely to issue additional shares that could dilute existing shareholders' equity.

Recent events and filings do not provide specific details on the company's operations or financial performance. The analyst estimates indicate a neutral recommendation, with one hold rating and no strong buy or sell ratings. The last actual revenue reported is 1,073,974,000 TWD, which is lower than the total revenue for the latest period, suggesting some volatility in the company's revenue.

The company generated positive free cash flow of TWD 23.0 million in the latest fiscal year.

Long-term debt decreased to TWD 1.52 billion, indicating a reduction in leverage compared to prior periods.

Gross profit reached TWD 213.0 million, suggesting the core business retains some margin generation capability.

Dilution risk is assessed as low, providing some stability for existing shareholders regarding equity structure.

Operating income turned negative at TWD -8.4 million, signaling significant challenges in core operational efficiency.

The debt-to-equity ratio of 1.48 places the company in the bottom quartile of its peer cohort.

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

Revenue TWD 272.2M, +4,2% YoY; Operating income −99,2% YoY.

• ▍Revenue TWD 272.2M, +4,2% YoY
• ▍Operating income −99,2% YoY
• ▍Net income −77,8% YoY
• ▍Free cash flow −56,4% YoY
• ▍Net margin 1.2%

Revenue TWD 251.3M, +7,4% YoY; Operating income −107,8% YoY.

• ▍Revenue TWD 251.3M, +7,4% YoY
• ▍Operating income −107,8% YoY
• ▍Net income −58,1% YoY
• ▍Free cash flow −69,3% YoY
• ▍Net margin 2.1%

Revenue TWD 276.4M, +3,9% YoY; Operating income −42,1% YoY.

• ▍Revenue TWD 276.4M, +3,9% YoY
• ▍Operating income −42,1% YoY
• ▍Net income −150,8% YoY
• ▍Free cash flow −47,6% YoY
• ▍Net margin -1.4%

Revenue TWD 1.07B, +8,5% YoY; Operating income +53,8% YoY.

• ▍Revenue TWD 1.07B, +8,5% YoY
• ▍Operating income +53,8% YoY
• ▍Net income −58,7% YoY
• ▍Free cash flow −59,2% YoY
• ▍Net margin 1.2%