FEAF
TWSE

2442 新美齊

12.45 ▲ 0.25 (2.05%) Close · 2026-11-13 · TWSE
Ask about 2442
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: 3 strengths against 2 watch-outs. Weigh them against your own goals.

Points to watch for a moderate profile: see the items marked above.

In plain words

Company 2442 has a P/E ratio of 2.66, which is lower than the Building materials and construction median of 9.96, along with a return on equity of 23.4% and a 11.9% net margin. Revenue grew 880.8% in 2025 and 7.0% year on year in Q3 2026. However, liabilities accounted for 67.3% of total assets in Q3 2026, and free cash flow was negative in 2025 at -398 NT$ million. There are also 2 verified alerts and 1 filing awaiting human review. Ultimately, the final decision rests with the investor.

Written by gemini-3.6-flash from the facts above; every number was checked against them.

Strengths

+ P/E 2.66 is well below the Building materials and construction median of 9.96 (46 listed peers): priced cheaper than peers. source (Key Stats) →
+ Revenue grew 880.8% in 2025; latest quarter Q3 2026: 7.0% year on year. source (Financials) →
+ Return on equity 23.4% with a 11.9% net margin: highly profitable. source (Key Stats) →

Watch-outs

! Liabilities are 67.3% of total assets (Q3 2026): a heavy debt load. source (Financials) →
! Free cash flow was negative in 2025: -398 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 2.66 is well below the Building materials and construction median of 9.96 (46 listed peers): priced cheaper than peers. source →
+ Growth Revenue grew 880.8% in 2025; latest quarter Q3 2026: 7.0% year on year. source →
+ Profitability Return on equity 23.4% with a 11.9% net margin: highly profitable. source →
! Debt Liabilities are 67.3% of total assets (Q3 2026): a heavy debt load. source →
! Cash flow Free cash flow was negative in 2025: -398 NT$ million, so spending exceeded operating cash. source →
· Filings 2 verified alert(s); latest on 2026-11-10: 本公司民國115年度第三季合併財務報告業經董事會決議通過 source →
· Filings 1 filing(s) are held or rejected and wait for human review. source →