FEAF
TWSE

3703 欣陸

23.35 ▲ 0.25 (1.08%) Close · 2026-11-13 · TWSE
Ask about 3703
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 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

Company 3703 exhibits moderate profitability with an 8.1% return on equity and a 6.4% net margin, while its P/E ratio of 8.49 is close to the industry median of 9.96. Revenue grew 12.0% in 2025 and 30.0% year on year in Q3 2026, backed by positive free cash flow of 2,583 NT$ million in 2025. On the risk side, liabilities represent 70.8% of total assets in Q3 2026, reflecting a heavy debt load, and 1 filing is held or rejected awaiting human review. Overall, the findings present a mixed picture with strengths balanced against key watch-outs. Ultimately, all investment decisions remain entirely in the hands of the investor.

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

Strengths

+ Revenue grew 12.0% in 2025; latest quarter Q3 2026: 30.0% year on year. source (Financials) →
+ Free cash flow was positive in 2025: 2,583 NT$ million. source (Financials) →

Watch-outs

! Liabilities are 70.8% of total assets (Q3 2026): a heavy debt load. source (Financials) →

What to check before deciding

?Can operating cash cover the debt if conditions tighten?

What the analysis found

· Valuation vs peers P/E 8.49 is close to the Building materials and construction median of 9.96 (46 listed peers). source →
+ Growth Revenue grew 12.0% in 2025; latest quarter Q3 2026: 30.0% year on year. source →
· Profitability Return on equity 8.1% with a 6.4% net margin: moderate profitability. source →
! Debt Liabilities are 70.8% of total assets (Q3 2026): a heavy debt load. source →
+ Cash flow Free cash flow was positive in 2025: 2,583 NT$ million. source →
· Filings 1 filing(s) are held or rejected and wait for human review. source →