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 2368 shows strong profitability and growth, with revenue increasing 54.0% in 2025 and 67.2% year on year in Q3 2026, alongside a 41.7% return on equity and a 19.6% net margin. However, the company carries financial watch-outs including a P/E of 30.88, liabilities accounting for 56.5% of total assets in Q2 2026, and a negative free cash flow of -4,475 NT$ million in 2025. Furthermore, there are 2 verified alerts and 6 filings held or rejected waiting for human review. Overall, this presents a mixed picture, and the final decision rests with the investor.
Written by gemini-3.6-flash from the facts above; every number was checked against them.
Strengths
+Revenue grew 54.0% in 2025; latest quarter Q3 2026: 67.2% year on year. source (Financials) →
+Return on equity 41.7% with a 19.6% net margin: highly profitable. source (Key Stats) →
Watch-outs
!Liabilities are 56.5% of total assets (Q2 2026): a heavy debt load. source (Financials) →
!Free cash flow was negative in 2025: -4,475 NT$ million, so spending exceeded operating cash. source (Financials) →
What to check before deciding
?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 30.88 is close to the Electronic components median of 24.93 (81 listed peers). source →
+GrowthRevenue grew 54.0% in 2025; latest quarter Q3 2026: 67.2% year on year. source →
+ProfitabilityReturn on equity 41.7% with a 19.6% net margin: highly profitable. source →
!DebtLiabilities are 56.5% of total assets (Q2 2026): a heavy debt load. source →
!Cash flowFree cash flow was negative in 2025: -4,475 NT$ million, so spending exceeded operating cash. source →
·Filings2 verified alert(s); latest on 2026-11-10: 本公司依公開發行公司資金貸與及背書保證處理準則 第二十五條第一項第四款規定公告 source →
·Filings6 filing(s) are held or rejected and wait for human review. source →