FEAF
TWSE

6128 上福

17.80 ▼ 0.10 (0.56%) Close · 2026-11-13 · TWSE
Ask about 6128
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 3 watch-outs. Weigh them against your own goals.

Points to watch for a moderate profile: see the items marked above.

In plain words

Stock 6128 presents a mixed profile, marked by weak profitability with a return on equity of -44.2% and a net margin of -24.1%, as revenue dropped -5.4% year-on-year in Q2 2026. The company carries a heavy debt load with liabilities accounting for 56.9% of total assets in Q2 2026, although free cash flow remained positive at 134 NT$ million in 2025. Furthermore, price expectations look attainable with an implied perpetual growth of -1.7%, even as two verified alerts and one filing awaiting human review were noted. Ultimately, final investment decisions rest entirely with the investor.

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

Strengths

+ The current price implies -1.7% perpetual growth, within the 3.5% ceiling: expectations look attainable. source (Valuation) →
+ Free cash flow was positive in 2025: 134 NT$ million. source (Financials) →

Watch-outs

! Revenue fell -4.7% in 2025; latest quarter Q2 2026: -5.4% year on year. source (Financials) →
! Return on equity -44.2% with a -24.1% net margin: weak profitability. source (Key Stats) →
! Liabilities are 56.9% of total assets (Q2 2026): a heavy debt load. source (Financials) →

What to check before deciding

?Is the revenue decline temporary or structural?
?What would lift profitability, and how soon?
?Can operating cash cover the debt if conditions tighten?

What the analysis found

+ Valuation (DCF) The current price implies -1.7% perpetual growth, within the 3.5% ceiling: expectations look attainable. source →
! Growth Revenue fell -4.7% in 2025; latest quarter Q2 2026: -5.4% year on year. source →
! Profitability Return on equity -44.2% with a -24.1% net margin: weak profitability. source →
! Debt Liabilities are 56.9% of total assets (Q2 2026): a heavy debt load. source →
+ Cash flow Free cash flow was positive in 2025: 134 NT$ million. source →
· Filings 2 verified alert(s); latest on 2026-11-12: 依公開發行公司資金貸與及背書保證處理準則第二十二條 第一項第三款之規定辦理公告 source →
· Filings 1 filing(s) are held or rejected and wait for human review. source →