FEAF
TWSE

2908 特力

21.60 0.00 (0.00%) Close · 2026-11-13 · TWSE
Ask about 2908
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: 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

For stock code 2908, the company demonstrates moderate profitability with a return on equity of 8.7% and a 1.8% net margin, alongside a positive free cash flow of 1,543 NT$ million in 2025. Although revenue fell -8.7% in 2025, Q2 2026 revenue recorded 0.5% year on year, and its P/E of 14.69 remains close to the median of 15.04. However, liabilities represent a heavy debt load at 77.2% of total assets in Q2 2026, and the company has 3 verified alerts as of 2026-11-12 with 2 filings awaiting human review. Together, these factors present a mixed picture of strengths and potential watch-outs. 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 -5.9% perpetual growth, within the 3.5% ceiling: expectations look attainable. source (Valuation) →
+ Free cash flow was positive in 2025: 1,543 NT$ million. source (Financials) →

Watch-outs

! Revenue fell -8.7% in 2025; latest quarter Q2 2026: 0.5% year on year. source (Financials) →
! Liabilities are 77.2% of total assets (Q2 2026): a heavy debt load. source (Financials) →

What to check before deciding

?Is the revenue decline temporary or structural?
?Can operating cash cover the debt if conditions tighten?

What the analysis found

+ Valuation (DCF) The current price implies -5.9% perpetual growth, within the 3.5% ceiling: expectations look attainable. source →
· Valuation vs peers P/E 14.69 is close to the Trading and consumer goods median of 15.04 (11 listed peers). source →
! Growth Revenue fell -8.7% in 2025; latest quarter Q2 2026: 0.5% year on year. source →
· Profitability Return on equity 8.7% with a 1.8% net margin: moderate profitability. source →
! Debt Liabilities are 77.2% of total assets (Q2 2026): a heavy debt load. source →
+ Cash flow Free cash flow was positive in 2025: 1,543 NT$ million. source →
· Filings 3 verified alert(s); latest on 2026-11-12: 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二款、第三款及第四款規定公告 source →
· Filings 2 filing(s) are held or rejected and wait for human review. source →