Fortune Electric Co., Ltd. AI Stock Analysis
Fortune Electric Co., Ltd. (1519) AI Stock Analysis
Fortune Electric Co., Ltd.
(TWSE:1519)
Fortune Electric earns a solid above-average score driven by exceptional financial performance — tripling revenue since 2022, ~42% return on equity, strong free cash flow of NT$4.7 billion and modest leverage. This is tempered by a sharply negative technical backdrop, with the share price well below all major moving averages and momentum indicators at deeply depressed levels. Valuation is a secondary consideration: a P/E near 33 is demanding but defensible given the growth profile, with a 2.43% dividend yield providing some support. Key risks to monitor are the recent compression in operating and net margins, a sharp step-up in borrowings, and a thin equity base relative to a rapidly expanding asset base.
Fortune Electric Co., Ltd. (1519) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 170.26B
- Dividend Yield
- 2.23%
- Average Volume (3M)
- 1.77M
- Price to Earnings (P/E)
- 33.5
- Beta (1Y)
- 1.37
- Revenue Growth
- 3.47%
- EPS Growth
- 18.78%
- Country
- TW
- Employees
- 623
- Sector
- General
- Sector Strength
- 55
- Industry
- Electrical Equipment & Parts
Fortune Electric Co., Ltd. Business Overview & Revenue Model
Company Description
Fortune Electric Co., Ltd. is a Taiwanese firm that specializes in the production, processing, and commercialization of a wide array of electrical power equipment. Its core offerings include power transformers, switchboards, various high and low volt...
Fortune Electric Co., Ltd. Financial Statement Overview
Summary
Fortune Electric shows outstanding fundamentals across all three statements. Revenue has roughly tripled since 2022 to NT$24.4 billion, gross margin expanded to 40.5%, and return on equity has held above 40% for three straight years. Cash flow is the standout: operating cash flow jumped to NT$5.96 billion and free cash flow to NT$4.71 billion, with operating cash flow at ~1.3x net income, confirming high earnings quality. The balance sheet is conservatively levered at 0.27 debt-to-equity. Offsetting these strengths, growth momentum cooled in the latest year — net income rose only ~3% on 21% revenue growth as operating margin fell from 27.1% to 21.8% — while total debt rose sharply to NT$2.87 billion and equity is only ~38% of total assets.
Income Statement
85Very PositiveBalance Sheet
78PositiveCash Flow
86Very Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 24.14B | 24.42B | 20.20B | 13.90B | 7.75B | 9.02B |
| Gross Profit | 10.23B | 9.89B | 7.38B | 4.33B | 1.59B | 1.41B |
| EBITDA | 5.76B | 5.69B | 5.71B | 3.29B | 1.15B | 545.16M |
| Net Income | 4.83B | 4.42B | 4.29B | 2.58B | 838.25M | 289.88M |
Balance Sheet | ||||||
| Total Assets | 33.09B | 28.21B | 21.87B | 15.25B | 11.70B | 9.92B |
| Cash, Cash Equivalents and Short-Term Investments | 7.75B | 5.34B | 2.55B | 1.96B | 837.24M | 229.69M |
| Total Debt | 2.83B | 2.87B | 576.87M | 632.90M | 2.89B | 2.59B |
| Total Liabilities | 23.65B | 17.35B | 13.10B | 9.11B | 7.44B | 6.40B |
| Stockholders Equity | 9.21B | 10.58B | 8.68B | 6.03B | 4.14B | 3.48B |
Cash Flow | ||||||
| Free Cash Flow | 5.54B | 4.71B | 2.93B | 4.10B | 663.04M | -581.23M |
| Operating Cash Flow | 7.08B | 5.96B | 3.44B | 4.28B | 837.82M | -437.95M |
| Investing Cash Flow | -1.95B | -1.66B | -643.95M | -184.36M | -401.29M | -477.47M |
| Financing Cash Flow | -2.20B | -1.98B | -2.07B | -2.95B | 28.24M | 877.12M |
Fortune Electric Co., Ltd. Peers Comparison
Overall Rating
TW:240481.1Outperform
TW:613973Outperform
TW:151369Neutral- TW:151967Neutral
TW:150365Neutral
TW:160547Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:2404 | 81Outperform | TWD 180.68B | 14.29 | ― | 4.22% | 71.98% | 76.08% |
| TW:6139 | 73Outperform | TWD 142.05B | 12.25 | ― | 3.81% | 67.60% | 136.83% |
| TW:1513 | 69Neutral | TWD 72.38B | 16.48 | ― | 4.10% | 3.84% | 22.26% |
| TW:1519 | 67Neutral | TWD 171.13B | 33.53 | ― | 2.23% | 3.47% | 18.78% |
| TW:1503 | 65Neutral | TWD 88.83B | 23.52 | ― | 2.93% | 8.33% | 16.27% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:1605 | 47Neutral | TWD 149.34B | 10.18 | ― | 1.48% | -0.13% | 1219.70% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:1519 | Fortune Electric Co., Ltd. | 492.50 | -174.32 | -26.14% | |
| TW:1503 | Shihlin Electric & Engineering Corp. | 170.50 | -2.31 | -1.34% | |
| TW:1513 | Chung-Hsin Electric & Machinery Manufacturing Corp. | 146.50 | 1.75 | 1.21% | |
| TW:1605 | Walsin Lihwa Corporation | 33.70 | -0.25 | -0.75% | |
| TW:2404 | United Integrated Services Co., Ltd. | 948.00 | 152.56 | 19.18% | |
| TW:6139 | L&K Engineering Co. Ltd. | 603.00 | 199.91 | 49.59% |
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Nov 09, 2026