Gold Circuit Electronics Ltd stock analysis
Gold Circuit Electronics Ltd (2368) Stock Price & Analysis
2368 Stock Chart & Stats
- Day’s Range
- TWD 782.00 - TWD 844.00
- 52-Week Range
- TWD 464.00 - TWD 1,580.00
- Previous Close
- TWD 868.00
- Volume
- N/A
- Average Volume (3M)
- 9.79M
- Market Cap
- TWD 426.72B
- Enterprise Value
- TWD 620.50B
- Total Cash (Recent Filing)
- TWD 24.56B
- Total Debt (Recent Filing)
- TWD 14.02B
- Price to Earnings (P/E)
- 31.4
- Beta
- 1.47
- Next Earnings
- Nov 16, 2026 (Est.)
- EPS Estimate
- 12.29
- Last Dividend Ex-Date
- Jun 23, 2026
- Dividend Yield
- 1.21%
Bulls Say, Bears Say
Bulls Say
Revenue Growth
The sharp re-acceleration in revenue indicates stronger demand and improving business momentum after a softer period. Sustained top-line expansion can increase operating leverage, support investment in capacity and capabilities, and reinforce the company’s position in the PCB market over coming quarters.
Margin Expansion
Multi-year gross-margin expansion and a higher net margin show that growth is translating into stronger profitability, not merely higher sales. This improvement can provide a durable earnings base, strengthen internal funding capacity, and create greater resilience if industry conditions moderate.
Shareholder Returns
Consistently strong returns on shareholder capital indicate that the company is generating substantial earnings from its equity base. Maintaining returns near the high-20% range would support efficient capital allocation, improve the attractiveness of reinvestment, and reinforce long-term shareholder value creation.
Bears Say
Weak Cash Conversion
The pronounced gap between reported earnings and operating cash generation raises questions about the quality and timing of profits. Negative free cash flow can reduce funding available for growth, increase reliance on borrowing, and make earnings less durable until cash conversion improves.
Higher Leverage
The substantial increase in debt relative to equity reduces financial flexibility compared with the prior year. Higher leverage can constrain future investment and capital allocation, while also increasing the company’s sensitivity to weaker operating performance or the need to fund ongoing cash-flow shortfalls.
Business Cyclicality
The earlier revenue decline demonstrates that the company’s growth path can be uneven, even when the longer-term trend improves. This cyclicality may create variability in utilization, revenue and earnings, making sustained profitability more dependent on continued strength in PCB demand.
2368 FAQ
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Company Description
Gold Circuit Electronics Ltd
Gold Circuit Electronics Ltd., a Taiwan-based company, specializes in the fabrication, processing, and distribution of printed circuit boards (PCBs). These crucial components are integral to a wide array of computing devices, including servers, workstations, and both notebook and desktop personal computers. Beyond computing, their PCBs find widespread application across sectors such as telecommunications, networking, mobile phones, high-current power supplies, and data storage. Established in 1981, Gold Circuit Electronics Ltd. maintains its headquarters in Taoyuan City, Taiwan.
- Sector
- General
- Industry
- Hardware, Equipment & Parts
- CEO
- Chen-Tse Yang
- Employees
- 8,831
- Website
- www.gce.com.tw
- Address
- No. 113, Shiyuan Road, Taoyuan City, TYC, 320, TW
Gold Circuit Electronics Ltd (2368) Earnings & Revenues
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 5 | 3 | 14 |
| Technical Analysis | 5 | 3 | 2 |
| Moving Averages | 0 | 0 | 12 |

