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SemiLEDs Corporation (LEDS) 10-Year Financial Performance & Capital Metrics

LEDS • • Industrial / General
TechnologySemiconductorsOptoelectronics & PhotonicsLED & Display Components
AboutSemiLEDs Corporation develops, manufactures, and sells light emitting diode (LED) chips, LED components, and LED modules and systems in the United States, Taiwan, the Netherlands, Germany, Japan, Ireland, and internationally. The company also sells enhanced vertical, LED product series in blue, white, green, and UV; LED chips to packagers or distributors; and lighting products primarily to original design manufacturers of lighting products and the end-users of lighting devices, as well as packages and sells its LED chips into LED components to distributors. Its products are used for general lighting applications, including commercial, industrial, and residential lighting; and specialty industrial applications, such as ultraviolet or UV, curing of polymers, LED light therapy in medical/cosmetic applications, counterfeit detection, germicidal and viricidal devices LED lighting for horticulture applications, architectural lighting, and entertainment lighting. SemiLEDs Corporation was incorporated in 2005 and is based in Chunan, Taiwan.Show more
  • Revenue $43M +729.8%
  • EBITDA -$878K +62.4%
  • Net Income -$1M +44.5%
  • EPS (Diluted) -0.15 +53.1%
  • Gross Margin 5.65% -72.2%
  • EBITDA Margin -2.04% +95.5%
  • Operating Margin -3.71% +93.5%
  • Net Margin -2.63% +93.3%
  • ROE -44.94% +62.0%
  • ROIC -24.95% +33.7%
  • Debt/Equity 1.44 -32.6%
  • Interest Coverage -11.31 +5.3%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Strong 5Y sales CAGR of 47.9%
  • ✓Efficient asset utilization: 2.8x turnover

✗Weaknesses

  • ✗Weak momentum: RS Rating 19 (bottom 19%)
  • ✗Shares diluted 22.2% in last year
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y11.78%
5Y47.95%
3Y82.71%
TTM485.62%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM78.96%

EPS CAGR

10Y-
5Y-
3Y-
TTM84.82%

ROCE

10Y Avg-51.2%
5Y Avg-54.75%
3Y Avg-59.26%
Latest-38.31%

Peer Comparison

LED & Display Components
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Valuation
Per Share
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Quality & Returns
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TTM Growth
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Technical
Volume & Trading
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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
OLEDUniversal Display Corporation5.69B119.7425.7512.36%34.64%12.71%3.71%0.01
HIMXHimax Technologies, Inc.1.47B8.4218.30-4.09%7.18%7.05%7%0.61
LEDSSemiLEDs Corporation16.21M1.97-13.137.3%-1.59%-12.42%10.14%1.44
ALMUAeluma, Inc.386.27M21.63-94.04407.86%-67.97%-9.26%0.05

Profit & Loss

Aug 2016Aug 2017Aug 2018Aug 2019Aug 2020Aug 2021Aug 2022Aug 2023Aug 2024Aug 2025
Sales/Revenue+10.14M9.21M7.5M5.9M6.07M4.74M7.05M5.98M5.18M43.01M
Revenue Growth %-0.28%-0.09%-0.19%-0.21%0.03%-0.22%0.49%-0.15%-0.13%7.3%
Cost of Goods Sold+15.08M9.13M7.93M5.45M4.48M3.7M5.65M4.97M4.13M40.58M
COGS % of Revenue1.49%0.99%1.06%0.92%0.74%0.78%0.8%0.83%0.8%0.94%
Gross Profit+-4.94M82K-435K452K1.59M1.03M1.4M1.01M1.05M2.43M
Gross Margin %-0.49%0.01%-0.06%0.08%0.26%0.22%0.2%0.17%0.2%0.06%
Gross Profit Growth %-0.21%1.02%-6.3%2.04%2.52%-0.35%0.35%-0.28%0.05%1.31%
Operating Expenses+15.67M4.41M3.24M4.12M3.68M4.95M4.6M4.41M4M4.03M
OpEx % of Revenue1.55%0.48%0.43%0.7%0.61%1.05%0.65%0.74%0.77%0.09%
Selling, General & Admin4.77M3.71M3.18M2.79M2.81M3.61M3.31M3.06M2.89M2.87M
SG&A % of Revenue0.47%0.4%0.42%0.47%0.46%0.76%0.47%0.51%0.56%0.07%
Research & Development2.03M851K957K1.61M1.54M1.62M1.48M1.35M1.16M1.15M
R&D % of Revenue0.2%0.09%0.13%0.27%0.25%0.34%0.21%0.23%0.22%0.03%
Other Operating Expenses8.87M-149K-902K-288K-669K-286K-196K0-49K0
Operating Income+-20.61M-4.33M-3.67M-3.67M-2.09M-3.92M-3.2M-3.4M-2.95M-1.59M
Operating Margin %-2.03%-0.47%-0.49%-0.62%-0.34%-0.83%-0.45%-0.57%-0.57%-0.04%
Operating Income Growth %-0.55%0.79%0.15%0%0.43%-0.88%0.18%-0.06%0.13%0.46%
EBITDA+-15.08M-3.23M-2.68M-2.57M-1.24M-3.02M-2.26M-2.4M-2.34M-878K
EBITDA Margin %-1.49%-0.35%-0.36%-0.44%-0.21%-0.64%-0.32%-0.4%-0.45%-0.02%
EBITDA Growth %-0.81%0.79%0.17%0.04%0.52%-1.43%0.25%-0.06%0.03%0.62%
D&A (Non-Cash Add-back)5.53M1.1M998K1.09M843K897K938K1M612K717K
EBIT-21.17M-4.06M-2.95M-3.38M-189K-2.49M-2.36M-2.4M-1.78M-989K
Net Interest Income+-52K-34K-27K-190K-358K-371K-369K-287K-247K-141K
Interest Income0000000000
Interest Expense52K34K27K190K358K371K369K287K247K141K
Other Income/Expense-699K224K693K100K1.54M1.06M474K714K918K465K
Pretax Income+-21.3M-4.1M-2.98M-3.56M-547K-2.86M-2.73M-2.69M-2.03M-1.13M
Pretax Margin %-2.1%-0.45%-0.4%-0.6%-0.09%-0.6%-0.39%-0.45%-0.39%-0.03%
Income Tax+0000000000
Effective Tax Rate %1%1%1%1%0.99%1%1.01%1%1%1%
Net Income+-21.27M-4.09M-2.98M-3.56M-544K-2.85M-2.74M-2.69M-2.04M-1.13M
Net Margin %-2.1%-0.44%-0.4%-0.6%-0.09%-0.6%-0.39%-0.45%-0.39%-0.03%
Net Income Growth %-0.6%0.81%0.27%-0.2%0.85%-4.24%0.04%0.02%0.24%0.44%
Net Income (Continuing)-21.3M-4.1M-2.98M-3.56M-547K-2.86M-2.73M-2.69M-2.03M-1.13M
Discontinued Operations0000000000
Minority Interest39K0047K46K39K45K43K48K0
EPS (Diluted)+-7.25-1.15-0.84-1.00-0.14-0.68-0.61-0.55-0.32-0.15
EPS Growth %-0.57%0.84%0.27%-0.19%0.86%-3.86%0.1%0.1%0.42%0.53%
EPS (Basic)-7.25-1.15-0.84-1.00-0.14-0.68-0.61-0.55-0.32-0.15
Diluted Shares Outstanding2.93M3.54M3.55M3.58M3.92M4.18M4.52M4.88M6.32M7.72M
Basic Shares Outstanding2.93M3.54M3.55M3.58M3.92M4.18M4.52M4.88M6.32M7.72M
Dividend Payout Ratio----------

Balance Sheet

Aug 2016Aug 2017Aug 2018Aug 2019Aug 2020Aug 2021Aug 2022Aug 2023Aug 2024Aug 2025
Total Current Assets+11.64M8.04M5.86M4.63M7.5M10.05M9.14M7.59M5.96M11.3M
Cash & Short-Term Investments6.03M3.58M3.42M1.36M2.83M4.83M4.27M2.57M1.67M2.59M
Cash Only6.03M3.58M3.42M1.36M2.83M4.83M4.27M2.57M1.67M2.59M
Short-Term Investments0000000000
Accounts Receivable900K1.11M282K703K1.33M865K880K793K416K3.59M
Days Sales Outstanding32.444.0113.7343.4880.0666.6845.5548.4129.330.45
Inventory4.07M2.95M1.82M2.08M2.48M3.94M3.78M4.02M3.57M4.78M
Days Inventory Outstanding98.45117.7583.68139.5201.82388.17244.28295.26315.8642.96
Other Current Assets00019K85K90K82K207K301K345K
Total Non-Current Assets+10.6M9.63M8.39M7.03M7.08M8.19M6.91M5.86M5.18M4.29M
Property, Plant & Equipment8.81M8.28M7.21M5.88M5.85M6.88M5.72M4.6M3.89M3.85M
Fixed Asset Turnover1.15x1.11x1.04x1.00x1.04x0.69x1.23x1.30x1.33x11.16x
Goodwill0000000000
Intangible Assets44K104K98K93K89K126K102K97K90K100K
Long-Term Investments1.37M992K914K894K952K1.01M922K974K969K242K
Other Non-Current Assets373K255K164K169K186K169K170K186K228K95K
Total Assets+22.23M17.67M14.25M11.66M14.58M18.24M16.05M13.46M11.14M15.59M
Asset Turnover0.46x0.52x0.53x0.51x0.42x0.26x0.44x0.44x0.47x2.76x
Asset Growth %-0.42%-0.21%-0.19%-0.18%0.25%0.25%-0.12%-0.16%-0.17%0.4%
Total Current Liabilities+4.9M7.46M7.23M3.92M9M9.51M9.26M9.7M7.02M11.38M
Accounts Payable1.33M1.15M894K680K536K753K286K436K137K5.03M
Days Payables Outstanding32.145.7641.1545.5443.6974.2418.4632.0112.1145.22
Short-Term Debt314K335K335K398K4.75M5.11M5.06M5.04M2.85M2.58M
Deferred Revenue (Current)995K1000K1000K680K648K293K346K346K344K0
Other Current Liabilities1.74M1.35M1.24M1.97M2.23M2.01M2.08M2.1M2.2M1.65M
Current Ratio2.37x1.08x0.81x1.18x0.83x1.06x0.99x0.78x0.85x0.99x
Quick Ratio1.54x0.68x0.56x0.65x0.56x0.64x0.58x0.37x0.34x0.57x
Cash Conversion Cycle98.7511656.26137.44238.19380.61271.37311.66333.0528.19
Total Non-Current Liabilities+5.69M2.39M2.01M5.95M3.02M4.11M3.3M2.56M1.87M1.43M
Long-Term Debt2.6M2.39M2.01M5.95M2.91M2.57M1.87M1.33M870K434K
Capital Lease Obligations0000106K1.54M1.44M1.23M997K996K
Deferred Tax Liabilities0000000000
Other Non-Current Liabilities3.1M000000000
Total Liabilities10.59M9.85M9.25M9.87M12.01M13.61M12.56M12.26M8.89M12.81M
Total Debt+2.91M2.73M2.35M6.35M7.86M9.31M8.51M7.74M4.82M4.01M
Net Debt-3.12M-856K-1.07M4.99M5.03M4.48M4.23M5.17M3.14M1.42M
Debt / Equity0.25x0.35x0.47x3.55x3.06x2.01x2.43x6.48x2.14x1.44x
Debt / EBITDA----------
Net Debt / EBITDA----------
Interest Coverage-396.25x-127.29x-136.07x-19.29x-5.83x-10.56x-8.67x-11.86x-11.94x-11.31x
Total Equity+11.64M7.82M5M1.79M2.57M4.63M3.5M1.19M2.25M2.78M
Equity Growth %-0.6%-0.33%-0.36%-0.64%0.44%0.8%-0.24%-0.66%0.88%0.24%
Book Value per Share3.972.211.410.500.651.110.770.240.360.36
Total Shareholders' Equity11.6M7.82M5M1.74M2.52M4.59M3.45M1.15M2.2M2.78M
Common Stock0000000000
Retained Earnings-167.18M-171.27M-174.25M-177.82M-178.36M-181.21M-183.96M-186.65M-188.68M-189.81M
Treasury Stock0000000000
Accumulated OCI3.4M3.7M3.73M3.75M3.65M3.54M3.7M3.55M3.54M3.65M
Minority Interest39K0047K46K39K45K43K48K0

Cash Flow

Aug 2016Aug 2017Aug 2018Aug 2019Aug 2020Aug 2021Aug 2022Aug 2023Aug 2024Aug 2025
Cash from Operations+-3.44M-2.11M-1.18M-3.55M-1M-1.74M-1.51M-984K-365K2.21M
Operating CF Margin %-0.34%-0.23%-0.16%-0.6%-0.16%-0.37%-0.21%-0.16%-0.07%0.05%
Operating CF Growth %0.24%0.39%0.44%-2.01%0.72%-0.74%0.13%0.35%0.63%7.06%
Net Income-21.27M-4.09M-2.98M-3.56M-544K-2.85M-2.74M-2.69M-2.04M-1.13M
Depreciation & Amortization5.53M1.1M998K1.09M843K897K938K1M612K717K
Stock-Based Compensation382K25K141K149K101K186K459K518K282K92K
Deferred Taxes0000000000
Other Non-Cash Items10.9M1.56M-772K270K-736K1.23M376K787K81K1.4M
Working Capital Changes1.03M-697K1.44M-1.49M-665K-1.2M-537K-602K696K1.14M
Change in Receivables1.04M-202K801K-427K15K158K171K-147K460K-3.21M
Change in Inventory380K-205K393K-987K-988K-1.97M-940K-1.01M28K-1.47M
Change in Payables0000000004.99M
Cash from Investing+-535K31K1.21M-2.63M518K159K-113K-321K-101K-595K
Capital Expenditures-821K-150K-341K-127K-271K-118K-280K-200K-123K-569K
CapEx % of Revenue0.08%0.02%0.05%0.02%0.04%0.02%0.04%0.03%0.02%0.01%
Acquisitions----------
Investments----------
Other Investing286K181K1.55M-2.5M789K277K167K-121K22K-26K
Cash from Financing+5.32M-369K-331K4.05M2.42M3.99M490K-456K-449K-622K
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid0000000000
Share Repurchases----------
Other Financing6.38M-46K0-1K698K4.16M972K00-1.74M
Net Change in Cash----------
Free Cash Flow+-4.26M-2.26M-1.52M-3.67M-1.27M-1.85M-1.79M-1.18M-488K1.64M
FCF Margin %-0.42%-0.25%-0.2%-0.62%-0.21%-0.39%-0.25%-0.2%-0.09%0.04%
FCF Growth %0.3%0.47%0.33%-1.42%0.65%-0.46%0.04%0.34%0.59%4.37%
FCF per Share-1.45-0.64-0.43-1.03-0.32-0.44-0.40-0.24-0.080.21
FCF Conversion (FCF/Net Income)0.16x0.52x0.39x0.99x1.84x0.61x0.55x0.37x0.18x-1.96x
Interest Paid60K47K00000000
Taxes Paid3K3K00000000

Key Ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)-103.76%-42.05%-46.51%-104.99%-24.98%-79.26%-67.55%-114.66%-118.27%-44.94%
Return on Invested Capital (ROIC)-83.57%-41.93%-50.6%-51.34%-21.78%-35.18%-28.51%-36.23%-37.63%-24.95%
Gross Margin-48.7%0.89%-5.8%7.66%26.2%21.82%19.81%16.84%20.32%5.65%
Net Margin-209.81%-44.4%-39.77%-60.4%-8.97%-60.21%-38.92%-44.99%-39.28%-2.63%
Debt / Equity0.25x0.35x0.47x3.55x3.06x2.01x2.43x6.48x2.14x1.44x
Interest Coverage-396.25x-127.29x-136.07x-19.29x-5.83x-10.56x-8.67x-11.86x-11.94x-11.31x
FCF Conversion0.16x0.52x0.39x0.99x1.84x0.61x0.55x0.37x0.18x-1.96x
Revenue Growth-28.21%-9.13%-18.66%-21.25%2.81%-21.97%48.91%-15.2%-13.31%729.81%

Revenue by Segment

2016201720182019202020212022202320242025
Other Products161K783K1.1M747K1.47M575K1.48M2.2M2.22M40.57M
Other Products Growth-386.34%40.74%-32.21%97.32%-60.99%157.39%48.78%0.91%1725.65%
L E D Components7.72M6.74M5.18M4.43M3.98M3.26M4.87M3.35M2.66M2.07M
L E D Components Growth--12.67%-23.11%-14.50%-10.23%-18.05%49.49%-31.34%-20.60%-22.21%
Lighting Products1.47M1.33M968K632K548K730K533K321K212K228K
Lighting Products Growth--8.94%-27.49%-34.71%-13.29%33.21%-26.99%-39.77%-33.96%7.55%
L E D Chips797K358K244K93K69K171K166K111K93K149K
L E D Chips Growth--55.08%-31.84%-61.89%-25.81%147.83%-2.92%-33.13%-16.22%60.22%

Revenue by Geography

2016201720182019202020212022202320242025
INDIA--1M260K-----38.1M
INDIA Growth----74.13%------
Specified Groups Of Countries Group One900K658K423K740K687K608K330K652K466K2.73M
Specified Groups Of Countries Group One Growth--26.89%-35.71%74.94%-7.16%-11.50%-45.72%97.58%-28.53%486.27%
JAPAN---389K477K-963K1M1.65M2.18M
JAPAN Growth----22.62%--3.95%64.54%32.42%
UNITED STATES-4.47M1.73M1.95M2.43M-2.89M1.95M1.45M-
UNITED STATES Growth---61.31%12.67%24.69%---32.41%-25.72%-
NETHERLANDS-750K1.79M1.57M1.01M-1.24M1.22M924K-
NETHERLANDS Growth--138.13%-11.93%-35.86%---0.97%-24.51%-
TAIWAN------766K1.15M696K-
TAIWAN Growth-------50.13%-39.48%-
GERMANY-507K399K400K238K-574K---
GERMANY Growth---21.30%0.25%-40.50%-----
CHINA-560K573K166K--294K---
CHINA Growth--2.32%-71.03%------
U S-----1.55M----
U S Growth----------
N L-----1.27M----
N L Growth----------
J P-----504K----
J P Growth----------
D E-----380K----
D E Growth----------
C N-----256K----
C N Growth----------
T W-----155K----
T W Growth----------
I E-----8K----
I E Growth----------
IRELAND----862K-----
IRELAND Growth----------
TAIWAN, PROVINCE OF CHINA-1.11M1.38M426K366K-----
TAIWAN, PROVINCE OF CHINA Growth--24.15%-69.20%-14.08%-----
HONG KONG-440K118K-------
HONG KONG Growth---73.18%-------
FRANCE-716K79K-------
FRANCE Growth---88.97%-------

Frequently Asked Questions

Growth & Financials

SemiLEDs Corporation (LEDS) reported $31.1M in revenue for fiscal year 2025. This represents a 6% increase from $29.3M in 2012.

SemiLEDs Corporation (LEDS) grew revenue by 729.8% over the past year. This is strong growth.

SemiLEDs Corporation (LEDS) reported a net loss of $0.5M for fiscal year 2025.

Dividend & Returns

SemiLEDs Corporation (LEDS) has a return on equity (ROE) of -44.9%. Negative ROE indicates the company is unprofitable.

SemiLEDs Corporation (LEDS) generated $1.6M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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