CUB Elecparts, Inc. AI Stock Analysis
CUB Elecparts, Inc. (2231) AI Stock Analysis
CUB Elecparts, Inc.
(TWSE:2231)
CUB Elecparts scores poorly, driven primarily by deteriorating fundamentals: falling revenue, a swing to operating and net losses, negative operating and free cash flow, and leverage climbing to a multi-year high as debt funds the cash shortfall. Technicals reinforce the caution, with the price below all key moving averages and negative MACD, though extremely oversold RSI and Stochastic readings hint at scope for a near-term bounce. Valuation offers little support given negative earnings and a small 0.64% dividend yield of uncertain sustainability. The key mitigating factors are a stable 32.6% gross margin and a track record of double-digit net margins and strong cash generation in stronger years, implying the downturn may be cyclical. Investors should look for a return to positive operating cash flow, moderating capex and stabilizing leverage before the outlook improves.
CUB Elecparts, Inc. (2231) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 10.71B
- Dividend Yield
- 0.64%
- Average Volume (3M)
- 198.87K
- Price to Earnings (P/E)
- -87.6
- Beta (1Y)
- 0.78
- Revenue Growth
- -20.55%
- EPS Growth
- -146.86%
- Country
- TW
- Employees
- 257
- Sector
- General
- Sector Strength
- 55
- Industry
- Auto - Parts
CUB Elecparts, Inc. Business Overview & Revenue Model
Company Description
Cub Elecparts Inc. is a producer and global provider of automotive electrical and electronic components. The company's operations span various international markets, including Taiwan, China, the United States, and Germany. Its extensive product range...
CUB Elecparts, Inc. Financial Statement Overview
Summary
Financials are weak across the board. Revenue fell roughly 10% to NT$3.65bn and the company swung from a NT$475m profit to a NT$224m loss, with operating margin turning negative (-7.5%) and EBITDA margin collapsing to 0.2%. Cash flow is the biggest concern: operating cash flow was slightly negative and free cash flow was -NT$863m, the fourth negative year in six, forcing reliance on external funding. The balance sheet has stretched accordingly, with debt-to-equity rising to 1.57 from 0.78 in 2022 while equity shrank by over NT$900m and ROE turned negative at -6.6%. Offsetting positives are limited but real: gross margin held steady near 32.6%, the asset base remains substantial, and the company generated strong profits and cash in prior years, suggesting cyclical and investment-cycle pressure rather than a broken model.
Income Statement
28NegativeBalance Sheet
40NegativeCash Flow
22Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.44B | 3.65B | 4.67B | 4.40B | 3.96B | 4.08B |
| Gross Profit | 1.03B | 1.19B | 1.54B | 1.75B | 1.64B | 1.67B |
| EBITDA | 105.98M | 6.45M | 1.04B | 802.64M | 937.01M | 850.72M |
| Net Income | -124.92M | -223.77M | 474.88M | 443.79M | 629.72M | 515.93M |
Balance Sheet | ||||||
| Total Assets | 10.68B | 10.93B | 11.82B | 10.25B | 9.72B | 9.57B |
| Cash, Cash Equivalents and Short-Term Investments | 988.92M | 1.45B | 2.54B | 1.19B | 2.17B | 2.31B |
| Total Debt | 5.18B | 5.28B | 4.89B | 3.79B | 3.21B | 3.55B |
| Total Liabilities | 6.30B | 6.49B | 6.20B | 5.02B | 4.56B | 4.91B |
| Stockholders Equity | 3.39B | 3.37B | 4.30B | 4.21B | 4.10B | 3.53B |
Cash Flow | ||||||
| Free Cash Flow | -721.13M | -863.17M | -333.58M | -1.25B | 760.92M | 102.23M |
| Operating Cash Flow | -35.55M | -26.33M | 29.25M | -601.53M | 1.16B | 734.23M |
| Investing Cash Flow | -457.51M | -478.06M | 321.35M | -827.38M | -884.47M | -731.04M |
| Financing Cash Flow | -463.02M | -274.17M | 871.73M | 282.33M | -426.56M | 1.10B |
CUB Elecparts, Inc. Peers Comparison
Overall Rating
TW:530668Neutral
TW:627964Neutral
TW:825557Neutral
TW:316250Neutral- TW:223134Underperform
TW:153633Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:5306 | 68Neutral | TWD 10.60B | 11.89 | ― | 4.52% | -2.06% | -17.27% |
| TW:6279 | 64Neutral | TWD 11.90B | 8.56 | ― | 5.50% | 12.67% | 15.02% |
| TW:8255 | 57Neutral | TWD 12.08B | 19.49 | ― | 2.95% | -3.86% | -3.77% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:3162 | 50Neutral | TWD 11.07B | 100.76 | ― | 1.20% | 26.04% | -69.67% |
| TW:2231 | 34Underperform | TWD 10.66B | -87.60 | ― | 0.64% | -20.55% | -146.86% |
| TW:1536 | 33Underperform | TWD 10.59B | -19.77 | ― | ― | -4.17% | -15.31% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:2231 | CUB Elecparts, Inc. | 78.40 | -22.60 | -22.38% | |
| TW:1536 | Hota Industrial Manufacturing Co., Ltd. | 37.95 | -21.45 | -36.11% | |
| TW:3162 | United Alloy-Tech Company Ltd | 71.90 | 16.20 | 29.07% | |
| TW:5306 | KMC (Kuei Meng) International Inc. | 84.10 | -4.38 | -4.94% | |
| TW:6279 | Hu Lane Associate, Inc. | 100.00 | -24.37 | -19.59% | |
| TW:8255 | Actron Technology Corporation | 118.50 | -3.77 | -3.08% |
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