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Chroma Ate Inc. (2360) AI Stock Analysis

TW:2360

Chroma Ate Inc.

(TWSE:2360)

Select Model
Rating:65.6Neutral
Price Target:TWD 1,299.00â–¼(-7.21% Downside)
Action:initiatedcoverage
Date:11/10/26

The overall score of 65.6 reflects a significant conflict between outstanding fundamental performance and extremely weak technical momentum. The company's financials are top-tier, with accelerating high-margin growth and a rock-solid balance sheet, which heavily supports the score. However, this is severely dragged down by a bearish technical picture, where the stock is in a deep downtrend with oversold momentum indicators. The valuation is neutral, neither adding nor detracting significantly. The final score is a weighted compromise, heavily favoring the strong fundamentals but acknowledging the substantial near-term price weakness.

Positive Factors
High ProfitabilityExceptionally high gross, operating, and net margins indicate differentiated test and measurement offerings with substantial economic value for customers. This profitability provides room to fund research, product development, and market expansion while supporting resilience through normal industry cycles.
Negative Factors
Weak Cash ConversionAlthough free cash flow remains positive, operating and free cash flow materially trail reported net income. This weaker conversion can reflect working-capital timing or investment needs, making earnings quality less robust and potentially limiting internally funded growth or shareholder returns.

Chroma Ate Inc. (2360) vs. SPDR S&P 500 ETF (SPY)

-50%0%50%100%150%200%250%300%TW:2360+89.25%SPY+14.55%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
TWD 593.03B
Dividend Yield
1.39%
Average Volume (3M)
2.68M
Price to Earnings (P/E)
34.4
Beta (1Y)
1.78
Revenue Growth
101.38%
EPS Growth
61.49%
Country
TW
Employees
3,582
Sector
General
Sector Strength
55
Industry
Hardware, Equipment & Parts

Chroma Ate Inc. Business Overview & Revenue Model

Company Description

Chroma ATE Inc., established in 1973 and headquartered in Taoyuan City, Taiwan, is a global company operating under its "Chroma" brand. The company specializes in the development, production, sale, and maintenance of a wide range of electronic and co...

Chroma Ate Inc. Financial Statement Overview

Summary

Exceptional financial health with accelerating revenue growth (31% TTM), net income more than doubling, and stellar net profit margin of 41.3%. The balance sheet is a fortress with a 0.12 debt-to-equity ratio and a 36.7% ROE. Cash flow is robust, with free cash flow surging 46.2%. This combination of high growth, high margins, and low risk is rare and powerful.

Income Statement

85Very Positive

Balance Sheet

88Very Positive

Cash Flow

82Very Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue51.90B28.31B21.60B18.68B22.07B17.58B
Gross Profit31.13B17.42B12.75B10.76B11.36B8.45B
EBITDA16.99B10.04B7.53B5.54B7.18B5.62B
Net Income17.32B11.69B5.26B3.98B5.11B4.18B
Balance Sheet
Total Assets047.15B37.31B33.48B33.83B29.55B
Cash, Cash Equivalents and Short-Term Investments13.66B8.31B5.04B4.79B6.68B4.95B
Total Debt03.95B3.91B3.49B3.62B3.98B
Total Liabilities-33.71B14.59B11.86B10.96B11.96B10.60B
Stockholders Equity33.71B31.90B24.88B21.96B21.36B18.51B
Cash Flow
Free Cash Flow6.30B3.05B2.72B1.79B4.60B1.48B
Operating Cash Flow7.78B5.35B4.78B3.41B5.30B2.59B
Investing Cash Flow-3.27B1.06B-1.89B-1.39B901.61M1.74B
Financing Cash Flow-499.13M-4.27B-3.00B-3.83B-3.47B-4.07B

Chroma Ate Inc. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TW:2360 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
TW:6223TW:622368NeutralTWD 457.57B81.79―0.47%50.79%82.80%
TW:2360TW:236066NeutralTWD 592.82B34.45―1.39%101.38%61.49%
TW:6510TW:651063NeutralTWD 109.82B65.53―0.46%24.45%61.25%
TW:3264TW:326462NeutralTWD 91.47B20.80―2.18%31.88%80.58%
TW:2449TW:244956NeutralTWD 274.11B27.69―0.47%34.64%-10.44%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
TW:6239TW:623954NeutralTWD 188.41B21.74―1.79%29.10%65.42%

* General Sector Average

Performance Comparison

0%100%200%TW:2360TW:2449TW:3264TW:6223TW:6239TW:6510Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TW:2360 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TW:2360Chroma Ate Inc.1400.00632.4982.41%
TW:2449King Yuan Electronics Co., Ltd.213.5010.905.38%
TW:3264Ardentec Corporation193.00107.30125.21%
TW:6223MPI Corporation4670.002796.40149.25%
TW:6239Powertech Technology Inc.251.5090.1855.90%
TW:6510Chunghwa Precision Test Tech Co., Ltd.3335.001808.23118.44%
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