FEAF
TWSE

8476 台境*

17.80 ▲ 0.65 (3.79%) Close · 2026-11-13 · TWSE
Ask about 8476
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

Several watch-outs (5) and no clear strengths in the data reviewed.

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

In plain words

Stock 8476 displays several watch-outs with no clear strengths, as its P/E of 63.57 is well above the peer median of 13.12. The company exhibits weak profitability with a return on equity of 2.4% and a 3.6% net margin, while revenue fell -20.2% in 2025 and -16.2% year on year in Q2 2026. Furthermore, liabilities represent 57.1% of total assets in Q2 2026, and free cash flow was negative in 2025 at -283 NT$ million. Ultimately, all investment decisions rest entirely with the investor.

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

Strengths

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Watch-outs

! P/E 63.57 is well above the 35 median of 13.12 (25 listed peers): priced richer than peers. source (Key Stats) →
! Revenue fell -20.2% in 2025; latest quarter Q2 2026: -16.2% year on year. source (Financials) →
! Return on equity 2.4% with a 3.6% net margin: weak profitability. source (Key Stats) →
! Liabilities are 57.1% of total assets (Q2 2026): a heavy debt load. source (Financials) →
! Free cash flow was negative in 2025: -283 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?
?Is the revenue decline temporary or structural?
?What would lift profitability, and how soon?
?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 63.57 is well above the 35 median of 13.12 (25 listed peers): priced richer than peers. source →
! Growth Revenue fell -20.2% in 2025; latest quarter Q2 2026: -16.2% year on year. source →
! Profitability Return on equity 2.4% with a 3.6% net margin: weak profitability. source →
! Debt Liabilities are 57.1% of total assets (Q2 2026): a heavy debt load. source →
! Cash flow Free cash flow was negative in 2025: -283 NT$ million, so spending exceeded operating cash. source →
· Filings 2 verified alert(s); latest on 2026-11-13: 公告本公司國內第二次無擔保轉換公司債轉換普通股之 發行新股增資基準日 source →
· Filings 1 filing(s) are held or rejected and wait for human review. source →