FEAF
TWSE

3149 正達

72.40 ▲ 4.50 (6.63%) Close · 2026-11-13 · TWSE
Ask about 3149
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: 1 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

For company 3149, revenue grew 5.5% in 2025 and 7.0% year-on-year in Q3 2026, while liabilities made up only 15.2% of total assets. However, profitability is weak with a return on equity of 4.0% and an 11.1% net margin, alongside a negative free cash flow of -601 NT$ million in 2025. Additionally, there are 2 verified alerts, with the latest on 2026-11-13 regarding a spokesperson change. Ultimately, the final investment decision rests entirely with the investor.

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

Strengths

+ Liabilities are only 15.2% of total assets (Q3 2026): a light debt load. source (Financials) →

Watch-outs

! Return on equity 4.0% with a 11.1% net margin: weak profitability. source (Key Stats) →
! Free cash flow was negative in 2025: -601 NT$ million, so spending exceeded operating cash. source (Financials) →

What to check before deciding

?What would lift profitability, and how soon?
?What is the spending for, and when does it start paying back?

What the analysis found

· Growth Revenue grew modestly, 5.5% in 2025; latest quarter Q3 2026: 7.0% year on year. source →
! Profitability Return on equity 4.0% with a 11.1% net margin: weak profitability. source →
+ Debt Liabilities are only 15.2% of total assets (Q3 2026): a light debt load. source →
! Cash flow Free cash flow was negative in 2025: -601 NT$ million, so spending exceeded operating cash. source →
· Filings 2 verified alert(s); latest on 2026-11-13: 本公司發言人異動 source →