FEAF
TWSE

3622 洋華

40.40 ▲ 0.55 (1.38%) Close · 2026-11-13 · TWSE
Ask about 3622
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: 4 strengths against 1 watch-outs. Weigh them against your own goals.

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

In plain words

Stock 3622 trades at a P/E of 7.92, well below the Optoelectronics median of 27.25, while maintaining a light debt load with liabilities at 13.3% of total assets in Q3 2026. Although revenue grew 9.4% in 2025 with a positive free cash flow of 291 NT$ million, Q3 2026 revenue declined by 26.3% year on year. Additionally, the company reports a return on equity of 7.7% with a 42.5% net margin and has logged 2 verified alerts. Overall, the company presents a mixed picture of 4 strengths against 1 watch-out, 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

+ The current price implies -15.8% perpetual growth, within the 3.5% ceiling: expectations look attainable. source (Valuation) →
+ P/E 7.92 is well below the Optoelectronics median of 27.25 (46 listed peers): priced cheaper than peers. source (Key Stats) →
+ Liabilities are only 13.3% of total assets (Q3 2026): a light debt load. source (Financials) →
+ Free cash flow was positive in 2025: 291 NT$ million. source (Financials) →

Watch-outs

! Return on equity 7.7% with a 42.5% net margin: weak profitability. source (Key Stats) →

What to check before deciding

?What would lift profitability, and how soon?

What the analysis found

+ Valuation (DCF) The current price implies -15.8% perpetual growth, within the 3.5% ceiling: expectations look attainable. source →
+ Valuation vs peers P/E 7.92 is well below the Optoelectronics median of 27.25 (46 listed peers): priced cheaper than peers. source →
· Growth Revenue grew modestly, 9.4% in 2025; latest quarter Q3 2026: -26.3% year on year. source →
! Profitability Return on equity 7.7% with a 42.5% net margin: weak profitability. source →
+ Debt Liabilities are only 13.3% of total assets (Q3 2026): a light debt load. source →
+ Cash flow Free cash flow was positive in 2025: 291 NT$ million. source →
· Filings 2 verified alert(s); latest on 2026-11-13: 公告本公司向關係人取得使用權資產 source →