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: 4 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
Stock 9904 shows a mixed picture featuring a P/E of 5.51 below the peer median of 12.50, a light debt load of 34.3% of total assets in Q3 2026, and positive 2025 free cash flow of 6,604 NT$ million. On the other hand, profitability is weak with a return on equity of 6.8% and a net margin of 5.6%, alongside a revenue decline of -4.7% in 2025 despite Q3 2026 revenue growing 4.7% year on year. Additionally, expectations look attainable with an implied perpetual growth of -6.4%, while 1 filing is waiting for human review. Ultimately, the final investment decision rests with the investor.
Written by gemini-3.6-flash from the facts above; every number was checked against them.
Strengths
+The current price implies -6.4% perpetual growth, within the 3.5% ceiling: expectations look attainable. source (Valuation) →
+P/E 5.51 is well below the 37 median of 12.50 (16 listed peers): priced cheaper than peers. source (Key Stats) →
+Liabilities are only 34.3% of total assets (Q3 2026): a light debt load. source (Financials) →