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: 2 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 1605 trades at a P/E of 6.84, well below the Electrical cable median of 10.90, while maintaining a light debt load with liabilities at 38.6% of total assets in Q3 2026. Profitability is moderate with a 10.4% ROE and a 12.1% net margin, and Q3 2026 revenue grew 12.5% year-on-year despite a -2.8% decline in 2025. However, free cash flow was negative at -6,551 NT$ million in 2025, and one filing is currently held or rejected awaiting human review. Ultimately, all investment decisions remain in the hands of the investor.
Written by gemini-3.6-flash from the facts above; every number was checked against them.
Strengths
+P/E 6.84 is well below the Electrical cable median of 10.90 (14 listed peers): priced cheaper than peers. source (Key Stats) →
+Liabilities are only 38.6% of total assets (Q3 2026): a light debt load. source (Financials) →
Watch-outs
!Revenue fell -2.8% in 2025; latest quarter Q3 2026: 12.5% year on year. source (Financials) →
!Free cash flow was negative in 2025: -6,551 NT$ million, so spending exceeded operating cash. source (Financials) →
What to check before deciding
?Is the revenue decline temporary or structural?
?What is the spending for, and when does it start paying back?
What the analysis found
+Valuation vs peersP/E 6.84 is well below the Electrical cable median of 10.90 (14 listed peers): priced cheaper than peers. source →
!GrowthRevenue fell -2.8% in 2025; latest quarter Q3 2026: 12.5% year on year. source →
·ProfitabilityReturn on equity 10.4% with a 12.1% net margin: moderate profitability. source →
+DebtLiabilities are only 38.6% of total assets (Q3 2026): a light debt load. source →
!Cash flowFree cash flow was negative in 2025: -6,551 NT$ million, so spending exceeded operating cash. source →
·Filings1 filing(s) are held or rejected and wait for human review. source →