This is research, not a buy or sell recommendation. Robo-advice in Taiwan requires an FSC licence; FEAF analyses, explains and monitors, and the investor makes the decision. Judgement thresholds are working rules pending review by the team's finance members.
Plain-language summary of valuation, growth, profitability, balance sheet, and recent MOPS filings.
Your risk profile
Conclusion
Mixed picture: 2 strengths against 2 watch-outs. Weigh them against your own goals.
Points to watch for a moderate profile: see the items marked above.
No model narrative: the model call failed. The structured analysis above is complete on its own.
Strengths
+
Revenue grew 54.0% in 2025; latest quarter Q3 2026: 67.2% year on year. source (Financials) →
+
Return on equity 32.9% with a 19.6% net margin: highly profitable. source (Key Stats) →
Watch-outs
!
Liabilities are 51.9% of total assets (Q3 2026): a heavy debt load. source (Financials) →
!
Free cash flow was negative in 2025: -4,475 NT$ million, so spending exceeded operating cash. source (Financials) →
What to check before deciding
?Can operating cash cover the debt if conditions tighten?
?What is the spending for, and when does it start paying back?
What the analysis found
·
Valuation vs peers
P/E 30.88 is close to the Electronic components median of 24.93 (81 listed peers). source →
!
Cash flow
Free cash flow was negative in 2025: -4,475 NT$ million, so spending exceeded operating cash. source →
·
Filings
2 verified alert(s); latest on 2026-11-10: 本公司依公開發行公司資金貸與及背書保證處理準則 第二十五條第一項第四款規定公告 source →