FEAF
TWSE

2312 金寶

26.90 ▲ 0.05 (0.19%) Close · 2026-11-13 · TWSE
Ask about 2312
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 4 watch-outs. Weigh them against your own goals.

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

In plain words

Stock 2312 is priced richer than peers with a P/E of 22.61 compared to the median of 17.24, while exhibiting weak profitability with a 7.2% return on equity and a 1.1% net margin. Revenue fell -0.6% in 2025, but the latest quarter Q3 2026 grew 25.3% year on year, and free cash flow was positive in 2025 at 3,022 NT$ million. However, the company carries a heavy debt load with liabilities standing at 75.7% of total assets in Q3 2026. Overall, the analysis presents a mixed picture of 1 strength against 4 watch-outs. Ultimately, the final decision rests with the investor.

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

Strengths

+ Free cash flow was positive in 2025: 3,022 NT$ million. source (Financials) →

Watch-outs

! P/E 22.61 is well above the Other electronics median of 17.24 (38 listed peers): priced richer than peers. source (Key Stats) →
! Revenue fell -0.6% in 2025; latest quarter Q3 2026: 25.3% year on year. source (Financials) →
! Return on equity 7.2% with a 1.1% net margin: weak profitability. source (Key Stats) →
! Liabilities are 75.7% of total assets (Q3 2026): a heavy debt load. 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 the analysis found

! Valuation vs peers P/E 22.61 is well above the Other electronics median of 17.24 (38 listed peers): priced richer than peers. source →
! Growth Revenue fell -0.6% in 2025; latest quarter Q3 2026: 25.3% year on year. source →
! Profitability Return on equity 7.2% with a 1.1% net margin: weak profitability. source →
! Debt Liabilities are 75.7% of total assets (Q3 2026): a heavy debt load. source →
+ Cash flow Free cash flow was positive in 2025: 3,022 NT$ million. source →
· Filings 1 verified alert(s); latest on 2026-11-13: 本公司115年第三季合併財務報告業經董事會決議通過 source →
· Filings 1 filing(s) are held or rejected and wait for human review. source →