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Innolux Corporation (3481.TW)

TWD57.20 -3.80 (-6.23%)
TW TAI Technology Hardware, Equipment & Parts
Address No.160, Kesyue Road 35053
Hsinchu City, TW
CEO Jin-Yang Hung
IPO 2006-10-24
ISIN TW0003481008

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Description

Innolux Corporation, established in Hsinchu City, Taiwan, in 2003, is a leading global entity specializing in the research, development, manufacturing, and sale of advanced display technologies. Renamed from Chimei Innolux Corporation in December 2012, the company's product portfolio primarily includes TFT-LCD panels, LCD modules, liquid crystal display (LCD) monitors, color filters, and low-temperature polysilicon (LTPS) TFT-LCDs. These display solutions are integral to a broad spectrum of applications, such as LCD televisions, public information displays (PIDs), computer monitors, notebooks, industrial and medical screens, automotive systems, tablets, smartphones, and various other consumer electronics. Beyond component manufacturing, Innolux delivers comprehensive display integration solutions, featuring cutting-edge innovations like 8K4K ultra-high resolution, active-matrix (AM) miniLED and microLED technologies, LTPS, and diverse touch functionalities. The company also undertakes extensive research, development, testing, and maintenance activities, alongside distribution and general investment initiatives. Its operational reach spans Taiwan, China, Hong Kong, the United States, Singapore, Europe, and numerous other international markets.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
TWD57.20 -3.80 (-6.23%)
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Volume Profile
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Liquidity & share structure
Average Volume
531M
Beta
1.38
Float Shares
7.56B
Free Float %
94.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+1.39% +14.38% +41.31% +56.75% +182.63% +114.66% +163.31% +128.32% +46.93% +201.73% -39.49%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
57.20
DCF (Unlevered) 37.92 -33.7%
DCF (Levered) 10.09 -82.4%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 25% Bullish
Rating 2026-05 Change
Strong Buy 2 0
Buy 0 0
Hold 5 0
Sell 1 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.00
Grey zone
Piotroski F-Score
7 / 9
Strong
MOAT Score
3 / 10
No MOAT
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
3 / 5
Medium
ROE Score
2 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
2 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
5 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Hardware, Equipment & Parts: +10.0%
    +4.7% Q1'26: +19.2% (vs Q1'25)
  • EPS growth Hardware, Equipment & Parts: +20.2%
    -96.0% Q1'26: +66.7% (vs Q1'25)
  • FCF margin FCF growth · Hardware, Equipment & Parts: +27.1%
    +5.7% Q1'26: +9.4% (vs Q1'25)
  • EBIT margin Hardware, Equipment & Parts: +8.7%
    +0.6% Q1'26: +2.2% (vs Q1'25)
  • ROIC Hardware, Equipment & Parts: +5.7%
    +0.6% Q1'26: +2.2% (vs Q1'25)
  • Share dilution Hardware, Equipment & Parts: +0.0%
    -7.4% Q1'26: -0.3% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Hardware, Equipment & Parts: -0.70×
    1.78× Q1'26: 1.46× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.80) × ERP
WACC = 84% × Ke + 16% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 37.12 Current price: 57.20
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
1 Rev. Ana.
1 EPS Ana.
Dec 2027
3 Rev. Ana.
3 EPS Ana.
Dec 2028
1 Rev. Ana.
1 EPS Ana.
Revenue
364.13B
est: 361.99B (+0.6%)
287.09B
est: 280.29B (+2.4%)
329.17B
est: 326.41B (+0.8%)
279.38B
est: 277.06B (+0.8%)
251.97B
est: 248.75B (+1.3%)
269.91B
est: 269.28B (+0.2%)
350.08B
est: 350.42B (-0.1%)
223.72B
est: 221.72B (+0.9%)
211.74B
est: 218.41B (-3.1%)
216.51B
est: 215.80B (+0.3%)
226.72B
est: 226.23B (+0.2%)
266.89B
263.93B – 270.81B
+18.0% YoY
285.80B
279.54B – 294.10B
+7.1% YoY
285.64B
285.64B – 285.64B
-0.1% YoY
EBITDA
69.85B
est: 52.37B (+33.4%)
47.11B
est: 40.55B (+16.2%)
82.95B
est: 47.22B (+75.7%)
42.56B
est: 40.08B (+6.2%)
19.30B
est: 35.99B (-46.4%)
38.95B
est: 38.96B (0.0%)
99.60B
est: 50.70B (+96.5%)
7.13B
est: 32.08B (-77.8%)
16.05B
est: 31.26B (-48.7%)
40.46B
est: 30.89B (+31.0%)
30.98B
est: 32.38B (-4.3%)
38.20B
37.78B – 38.76B
+18.0% YoY
40.91B
40.01B – 42.10B
+7.1% YoY
40.89B
40.89B – 40.89B
-0.1% YoY
EBIT
16.27B
est: 3.90B (+317.0%)
5.70B
est: 3.02B (+88.6%)
49.40B
est: 3.52B (+1,303.8%)
6.69B
est: 2.99B (+124.1%)
-15.49B
est: 2.68B (-677.8%)
3.41B
est: 2.90B (+17.4%)
63.32B
est: 3.78B (+1,576.2%)
-25.31B
est: 2.39B (-1,158.7%)
-14.66B
est: 2.05B (-816.7%)
9.37B
est: 2.02B (+363.6%)
1.26B
est: 2.12B (-40.7%)
2.50B
2.47B – 2.54B
+18.0% YoY
2.68B
2.62B – 2.75B
+7.1% YoY
2.67B
2.67B – 2.67B
-0.1% YoY
Net Income
10.82B
est: 16.85B (-35.8%)
1.87B
est: -2.01B (+193.3%)
37.03B
est: 36.45B (+1.6%)
2.22B
est: 3.50B (-36.5%)
-17.44B
est: -14.70B (-18.6%)
1.64B
est: 543.20M (+201.2%)
57.53B
est: 54.07B (+6.4%)
-27.91B
est: -24.72B (-12.9%)
-18.64B
est: -7.93B (-135.2%)
6.47B
est: 2.56B (+152.4%)
249.76M
est: -3.69M (+6,864.6%)
7.47B
7.35B – 7.60B
+202,549.5% YoY
4.97B
4.69B – 5.25B
-33.5% YoY
4.12B
4.06B – 4.20B
-17.2% YoY
SGA
9.80B
est: 15.87B (-38.2%)
8.54B
est: 12.29B (-30.5%)
8.80B
est: 14.31B (-38.5%)
9.84B
est: 12.15B (-19.0%)
10.48B
est: 10.91B (-3.9%)
9.87B
est: 11.81B (-16.4%)
13.74B
est: 15.36B (-10.6%)
11.71B
est: 9.72B (+20.5%)
9.81B
est: 10.09B (-2.9%)
9.69B
est: 9.97B (-2.9%)
10.98B
est: 10.46B (+5.0%)
12.33B
12.20B – 12.52B
+18.0% YoY
13.21B
12.92B – 13.59B
+7.1% YoY
13.20B
13.20B – 13.20B
-0.1% YoY
EPS
1.20
est: 1.95 (-38.5%)
0.21
est: -0.23 (+190.4%)
4.11
est: 4.22 (-2.7%)
0.26
est: 0.41 (-35.9%)
-2.06
est: -1.70 (-20.9%)
0.20
est: 0.06 (+217.8%)
6.44
est: 6.26 (+2.8%)
-2.89
est: -2.86 (-0.9%)
-2.01
est: -0.99 (-103.1%)
0.76
est: 0.32 (+137.3%)
0.03
est: 0.00 (+6,607.6%)
0.93
0.92 – 0.95
+202,549.0% YoY
0.61
0.59 – 0.66
-34.6% YoY
0.52
0.51 – 0.53
-15.5% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 B 3/5 3/5 2/5 3/5 2/5 1/5 5/5
2026-05-11 B 3/5 3/5 2/5 3/5 2/5 1/5 5/5
2026-05-08 B 3/5 3/5 2/5 3/5 2/5 1/5 5/5
2026-05-07 B 3/5 3/5 2/5 3/5 2/5 1/5 5/5
2026-05-06 B 3/5 3/5 2/5 3/5 2/5 1/5 5/5
2026-05-05 B 3/5 3/5 2/5 3/5 2/5 1/5 5/5
2026-05-04 B 3/5 3/5 2/5 3/5 2/5 1/5 5/5
2026-04-30 B 3/5 3/5 2/5 3/5 2/5 1/5 5/5
2026-04-29 B 3/5 3/5 2/5 3/5 2/5 1/5 5/5
2026-04-28 B 3/5 3/5 2/5 3/5 2/5 1/5 5/5
2026-04-27 B 3/5 3/5 2/5 3/5 2/5 1/5 5/5
2026-04-24 B 3/5 3/5 2/5 3/5 2/5 1/5 5/5
2026-04-23 B 3/5 3/5 2/5 3/5 2/5 1/5 5/5
2026-04-22 B 3/5 3/5 2/5 3/5 2/5 1/5 5/5
2026-04-21 B 3/5 3/5 2/5 3/5 2/5 1/5 5/5
2026-04-20 B 3/5 3/5 2/5 3/5 2/5 1/5 5/5
2026-04-17 B 3/5 3/5 2/5 3/5 2/5 1/5 5/5
2026-04-16 B 3/5 3/5 2/5 3/5 2/5 1/5 5/5
2026-04-15 B 3/5 3/5 2/5 3/5 2/5 1/5 5/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
14.89B
OE per share TTM
2.01
Owner's Yield
5.25%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
63.7%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
28.0K
Shares Outstanding
7.98B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Jin-Yang Hung Chairman & Chief Executive Officer 25M male
Chu-Hsiang Yang President, Chief Operating Officer & Director 23M male
Hung-Wen Yang EVice President, GM of IoT Mobile Solution Business Group & Director 18M male
Tai-Chi Pan Vice President 13M male
Rou-Li Cheng Chief Accountant female
Chao-Hsien Liu Director of Finance & Investment Management Division male
Wei-Cheng Chiu Financial Officer male
Jinglong Ding Executive VP & Director male
Jun-Yi Yu Vice President, Corporate Governance Officer & Company Secretary male
Li-wei Hsu Investor Relations Department Manager male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits