FEAF
TWSE

2504 國產

31.30 ▲ 0.40 (1.29%) Close · 2026-11-13 · TWSE
Ask about 2504
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

Overall picture is positive: 2 strengths and no major watch-outs in the data reviewed.

For a moderate profile, none of the items above crosses the watch-out thresholds set by the team.

In plain words

Stock 2504 demonstrates moderate profitability with a 14.5% return on equity, a 17.4% net margin, and positive free cash flow of 1,323 NT$ million in 2025. Its P/E ratio of 10.13 is close to the peer median of 9.96, while liabilities accounted for 46.1% of total assets in Q2 2026. Although revenue grew 3.7% in 2025, it declined 11.4% year-on-year in Q2 2026. Overall, the reviewed data presents a positive picture with attainable expectations. 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 -0.8% perpetual growth, within the 3.5% ceiling: expectations look attainable. source (Valuation) →
+ Free cash flow was positive in 2025: 1,323 NT$ million. source (Financials) →

Watch-outs

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What the analysis found

+ Valuation (DCF) The current price implies -0.8% perpetual growth, within the 3.5% ceiling: expectations look attainable. source →
· Valuation vs peers P/E 10.13 is close to the Building materials and construction median of 9.96 (46 listed peers). source →
· Growth Revenue grew modestly, 3.7% in 2025; latest quarter Q2 2026: -11.4% year on year. source →
· Profitability Return on equity 14.5% with a 17.4% net margin: moderate profitability. source →
· Debt Liabilities are 46.1% of total assets (Q2 2026). source →
+ Cash flow Free cash flow was positive in 2025: 1,323 NT$ million. source →
· Filings 1 verified alert(s); latest on 2026-11-10: 本公司115年度第3季合併財務報告之相關資訊 source →
· Filings 1 filing(s) are held or rejected and wait for human review. source →