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.
Mixed picture: 1 strengths against 3 watch-outs. Weigh them against your own goals.
Points to watch for a moderate profile: see the items marked above.
In plain words
Stock 8028 demonstrated revenue growth of 27.0% in 2025 and 31.6% year on year in Q3 2026, accompanied by moderate profitability with an 11.1% return on equity and a 5.9% net margin. However, it faces financial concerns including a P/E ratio of 32.93 above the sector median of 23.61, liabilities at 56.5% of total assets in Q3 2026, and negative free cash flow of -1,741 NT$ million in 2025. Furthermore, the company reported 3 verified alerts, including a cash capital increase via new share issuance resolved on 2026-11-10. 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
+Revenue grew 27.0% in 2025; latest quarter Q3 2026: 31.6% year on year. source (Financials) →
Watch-outs
!P/E 32.93 is well above the Semiconductors median of 23.61 (80 listed peers): priced richer than peers. source (Key Stats) →
!Liabilities are 56.5% of total assets (Q3 2026): a heavy debt load. source (Financials) →
!Free cash flow was negative in 2025: -1,741 NT$ million, so spending exceeded operating cash. source (Financials) →
What to check before deciding
?Why is it priced above its peers, and is that premium justified?
?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 peersP/E 32.93 is well above the Semiconductors median of 23.61 (80 listed peers): priced richer than peers. source →
+GrowthRevenue grew 27.0% in 2025; latest quarter Q3 2026: 31.6% year on year. source →
·ProfitabilityReturn on equity 11.1% with a 5.9% net margin: moderate profitability. source →
!DebtLiabilities are 56.5% of total assets (Q3 2026): a heavy debt load. source →
!Cash flowFree cash flow was negative in 2025: -1,741 NT$ million, so spending exceeded operating cash. source →
·Filings3 verified alert(s); latest on 2026-11-10: 公告本公司董事會決議現金增資發行新股 source →