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Aurora Corporation (2373) AI Stock Analysis

TW:2373

Aurora Corporation

(TWSE:2373)

Select Model
Rating:60Neutral
Price Target:TWD 53.00▲(3.11% Upside)
Action:initiatedcoverage
Date:11/09/26

Aurora scores in the middle of the range. The dominant factor is financial performance: the company is financially stable, conservatively leveraged and strongly cash-generative, but revenue has fallen more than 20% from its peak, net income has declined every year since 2020, and returns on equity have steadily eroded. Valuation is the main offsetting strength, with a modest 13.5x P/E and a very high 7.33% dividend yield providing attractive income and downside support. Technicals are the weakest element, with the price below all key moving averages and negative MACD momentum, though oversold RSI readings suggest selling pressure may be nearing exhaustion. No earnings call or corporate event data was available, so those components were excluded and their weights redistributed.

Positive Factors
Stable Balance SheetModerate leverage and stable equity provide a sound financial foundation for the next several quarters. Respectable returns on shareholder capital indicate that Aurora continues to use its balance sheet productively, although the company retains less flexibility if earnings weakness persists.
Negative Factors
Prolonged Revenue DeclineFour consecutive years of revenue contraction point to a sustained challenge in expanding the business rather than a brief quarterly setback. Continued top-line pressure can reduce operating leverage, constrain investment capacity, and make it harder to restore earlier levels of earnings growth.

Aurora Corporation (2373) vs. SPDR S&P 500 ETF (SPY)

-10%-5%0%5%10%15%20%TW:2373-3.09%SPY+14.28%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
TWD 11.39B
Dividend Yield
7.20%
Average Volume (3M)
38.24K
Price to Earnings (P/E)
13.9
Beta (1Y)
0.17
Revenue Growth
-2.40%
EPS Growth
3.68%
Country
TW
Employees
1,009
Sector
General
Sector Strength
55
Industry
Industrial - Distribution

Aurora Corporation Business Overview & Revenue Model

Company Description

Established in 1965 and headquartered in Taipei City, Taiwan, Aurora Corporation offers a broad spectrum of products and services across Taiwan, China, and international markets. The company's diverse offerings encompass office automation equipment,...

Aurora Corporation Financial Statement Overview

Summary

A blend of the Income Statement (50), Balance Sheet (61) and Cash Flow (70) scores. Aurora remains consistently profitable with a remarkably stable gross margin near 45%, a solid equity cushion (equity ~42% of assets) and moderate, steady leverage (debt-to-equity 0.76). Cash generation is the clear strength: free cash flow rebounded to roughly NT$1.19 billion and now covers about 88% of net income, the best conversion in the period reviewed. Offsetting this is a multi-year decline in revenue (NT$13.6bn in 2021 to ~NT$10.7bn), five straight years of falling net income, operating margin compression from ~14.2% to 8.0%, and return on equity sliding from ~19% to under 12%. Financially sound, but the growth and profitability trajectory is clearly negative.

Income Statement

50Neutral

Balance Sheet

61Positive

Cash Flow

70Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue10.60B10.73B11.29B11.55B12.58B13.58B
Gross Profit4.62B4.87B5.01B5.33B5.54B6.01B
EBITDA1.71B1.65B2.19B1.86B2.47B2.69B
Net Income837.14M871.13M958.64M1.09B1.31B1.39B
Balance Sheet
Total Assets17.77B17.82B18.04B17.94B18.26B18.25B
Cash, Cash Equivalents and Short-Term Investments6.56B6.60B6.65B6.68B6.60B7.07B
Total Debt5.25B5.70B5.70B5.94B5.80B5.06B
Total Liabilities9.05B9.02B9.19B9.23B9.38B9.32B
Stockholders Equity7.37B7.48B7.53B7.39B7.51B7.60B
Cash Flow
Free Cash Flow1.15B1.19B691.78M1.33B323.62M932.25M
Operating Cash Flow1.25B1.36B1.29B1.71B799.66M1.57B
Investing Cash Flow57.01M-240.53M393.84M264.95M-170.70M-2.59B
Financing Cash Flow-1.49B-1.27B-1.59B-1.42B-1.22B-1.65B

Aurora Corporation Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TW:2373 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
TW:8114TW:811472OutperformTWD 11.74B11.65―7.42%-17.73%-35.11%
TW:3416TW:341669NeutralTWD 12.38B16.32―3.16%31.00%32.07%
TW:3088TW:308867NeutralTWD 12.32B12.87―2.63%35.40%73.91%
TW:2373TW:237360NeutralTWD 11.48B13.85―7.20%-2.40%3.68%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
TW:8050TW:805051NeutralTWD 9.99B12.97―4.15%17.15%104.20%
TW:3701TW:370150NeutralTWD 13.61B-24.81―0.35%-16.41%-435.36%

* General Sector Average

Performance Comparison

0%50%100%TW:2373TW:3088TW:3416TW:3701TW:8050TW:8114Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TW:2373 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TW:2373Aurora Corporation51.40-1.92-3.60%
TW:3088Axiomtek Co Ltd111.5035.9347.55%
TW:3416Winmate Inc.146.506.604.72%
TW:3701FIC Global, Inc.63.2030.0090.36%
TW:8050iBASE Technology Inc.51.806.2613.74%
TW:8114Posiflex Technology Inc.154.50-25.52-14.18%
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