Compeq Manufacturing Co., Ltd. (2313) AI Stock Analysis

Compeq Manufacturing Co., Ltd.

(TWSE:2313)

Select Model

Rating:63Neutral

Price Target:TWD 169.00▼(-7.40% Downside)

Action:initiatedcoverage

Date:11/10/26

The overall score is primarily supported by solid financial performance with recovering revenues and a deleveraged balance sheet, partially offset by weak technical momentum despite oversold conditions, and fair valuation metrics.

Positive Factors

Revenue RecoveryThe return to revenue growth indicates recovering demand and renewed business momentum after the prior downturn. Sustained top-line recovery can improve operating leverage, support customer relationships, and provide a stronger base for earnings growth over the next several quarters.

Negative Factors

Cyclical EarningsEarnings have varied materially across the cycle, including a downturn in 2023 and margins below the 2022 peak. This sensitivity to demand and pricing can make future profits less predictable and may limit the durability of current profitability during weaker industry conditions.

Compeq Manufacturing Co., Ltd. (2313) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 235.04B
Dividend Yield: 1.53%
Average Volume (3M): 29.40M
Price to Earnings (P/E): 29.4
Beta (1Y): 1.27
Revenue Growth: 11.13%
EPS Growth: 24.42%
Country: TW
Employees: 4,642
Sector: General
Sector Strength: 55
Industry: Hardware, Equipment & Parts

Compeq Manufacturing Co., Ltd. Business Overview & Revenue Model

Company Description

Compeq Manufacturing Co., Ltd. is a global leader in the production and distribution of printed circuit boards (PCBs), with a presence spanning Taiwan, the United States, Asia, Europe, and other international markets. The company offers a comprehensi...

Compeq Manufacturing Co., Ltd. Financial Statement Overview

Summary

Compeq demonstrates steady revenue recovery, margin expansion, a robust balance sheet with reduced leverage, and supportive cash flows, tempered by typical hardware sector cyclicality.

Income Statement

76Positive

Balance Sheet

86Very Positive

Cash Flow

71Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	80.61B	76.00B	72.46B	67.08B	76.42B	63.05B
Gross Profit	15.15B	14.12B	11.59B	10.13B	15.45B	11.41B
EBITDA	15.02B	13.97B	13.35B	11.42B	15.75B	11.54B
Net Income	7.40B	6.57B	5.60B	4.17B	8.00B	5.14B
Balance Sheet
Total Assets	100.92B	90.50B	85.26B	79.11B	79.82B	71.99B
Cash, Cash Equivalents and Short-Term Investments	22.40B	19.37B	19.40B	16.34B	14.77B	11.04B
Total Debt	21.42B	13.12B	13.84B	15.53B	16.28B	16.62B
Total Liabilities	52.34B	42.63B	40.79B	39.86B	41.11B	39.63B
Stockholders Equity	48.58B	47.86B	44.47B	39.25B	38.72B	32.37B
Cash Flow
Free Cash Flow	738.48M	4.60B	3.84B	3.65B	6.18B	96.01M
Operating Cash Flow	8.99B	11.29B	9.71B	10.45B	13.67B	8.98B
Investing Cash Flow	-8.42B	-6.76B	-5.87B	-6.57B	-7.50B	-8.45B
Financing Cash Flow	1.04B	-4.09B	-4.41B	-4.34B	-3.56B	-1.09B

Compeq Manufacturing Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:2313 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:3044	74Outperform	TWD 248.87B	22.28	―	2.68%	33.62%	56.13%
TW:2313	63Neutral	TWD 225.17B	29.43	―	1.53%	11.13%	24.42%
TW:8039	60Neutral	TWD 56.59B	71.50	―	0.93%	2.53%	118.11%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:1815	55Neutral	TWD 78.68B	31.72	―	0.39%	48.55%	293.99%
TW:6274	54Neutral	TWD 294.07B	34.97	―	0.76%	86.84%	165.06%
TW:6213	51Neutral	TWD 191.98B	85.29	―	0.57%	41.96%	290.01%

* General Sector Average

Performance Comparison

TW:2313 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:2313	Compeq Manufacturing Co., Ltd.	182.50	99.91	120.98%
TW:1815	Fulltech Fiber Glass Corp.	128.00	42.42	49.56%
TW:3044	Tripod Technology Corporation	473.50	165.03	53.50%
TW:6213	ITEQ Corporation	528.00	418.42	381.84%
TW:6274	Taiwan Union Technology Corporation	982.00	578.23	143.21%
TW:8039	TAIFLEX Scientific Co., Ltd.	214.50	146.70	216.36%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

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

Compeq Manufacturing Co., Ltd. AI Stock Analysis