Obermatt

Innolux

TAI:3481 · TW0003481008
Electronic Equipment, Instruments & ComponentsLarge

360

56
EV / EBIT1
Price / Owner Earnings79
Owner Earnings Yield88
Dividend Yield73
Price/Sales63
EV / Gross Profit47
Price/Book58
Return on Capital8
Cash Return on Capital56
Return on Equity14
EBIT Margin7
Gross Profitability7
Cash Conversion98
Accruals37
Owner Earnings Margin64
Sales growth77
Profit Growth41
Owner Earnings Growth28
Reinvestment61
Price momentum95
Debt load62
Refinancing44
Debt Payback100
Liquidity11
Analyst ratings4
Opinion Changes50
Price Target Upside1
Market mood33
Value Creation10/20creating some value
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

Innolux clears its cost of capital, but the record is mixed across the five tests. Real value creation, just not yet consistent.

Profile

CountryTaiwan
IndustryElectronic Equipment, Instruments & Components
SizeLarge
TypePublic Company
ExchangeTWSE
Founded2003
ISINTW0003481008
Last UpdateApr 2, 2026
Themes
SensorsDetectors, Sensors and MemsWearablesElectronicsMachinery ManufacturingManufacturing

Description

Innolux Corporation specializes in the design, development, manufacture, and sale of thin-film transistor liquid crystal display (TFT-LCD) panels, with an emphasis on providing comprehensive display solutions across various applications. The company…

Analysis

Middle-of-the-road

Innolux Corporation sits in the middle of our grid: average quality, average price, no obvious signal in either direction.

On valuation, the picture is fair. The owner-earnings multiple stands at 19.4×; owner earnings: the cash an owner could take out each year.

Growth is moderate; the safety picture is sturdy. The company scores 10/20 on our value-creation score: creating some value. Analyst sentiment is cautious.

No flags apply to this company at this time: accounts, balance sheet, and cash quality all pass. A clean bill of health is meaningful, not just the absence of a warning. This analysis describes numbers; it is not investment advice.

360° rank · history

1007550250
35
2023202420252026

All-time high

67

Mar 2026

All-time low

31

Mar 2023

Average rank

46

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
63
82
78
80
Price/Earnings
1
3
94
100
Price/Book
58
97
94
97
Dividend Yield
73
26
17
25
Value (overall)
45
49
51
63

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →