Avision Inc. AI Stock Analysis
Avision Inc. (2380) AI Stock Analysis
Avision Inc.
(TWSE:2380)
The score is low, driven primarily by a fragile financial profile: despite a genuine 2025 turnaround with restored gross margins and three straight years of positive operating cash flow, profitability remains razor-thin at a 1.5% net margin while years of losses have left leverage near 2.0x a shrunken equity base. Technicals reinforce the caution, with the price well below all key moving averages and negative MACD momentum. Valuation offers little support given a negative trailing P/E and no dividend. The investment case hinges on management sustaining margin gains long enough to rebuild equity and cut debt; until that is evident, risk outweighs the improving operating trend.
Avision Inc. (2380) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 812.27M
- Dividend Yield
- ―
- Average Volume (3M)
- 127.73K
- Price to Earnings (P/E)
- -2.4
- Beta (1Y)
- 0.19
- Revenue Growth
- 24.06%
- EPS Growth
- 57.68%
- Country
- TW
- Employees
- 82,912
- Sector
- General
- Sector Strength
- 55
- Industry
- Computer Hardware
Avision Inc. Business Overview & Revenue Model
Company Description
Avision Inc., together with its subsidiaries, designs, manufactures, and markets digital office equipment in Taiwan, China, Germany, the United States, the Middle East, Russia, Brazil, and internationally. The company provides multi-function office m...
Avision Inc. Financial Statement Overview
Summary
Avision is an early-stage turnaround with meaningful fragility. Fiscal 2025 brought ~6% revenue growth, a gross margin recovery to 30.5% from 12.6%, and the first net profit (NT$43M) after five consecutive loss years. Cash flow is the brightest spot, with operating cash flow near NT$140M and free cash flow of ~NT$85M exceeding net profit, confirming earnings quality. However, the net margin is razor-thin at 1.5%, revenue has been highly erratic (-31% then +30%), and the balance sheet remains weak: equity has halved since 2020 to NT$559M while debt climbed to ~NT$1.09B, leaving leverage near 2.0x equity and only ~22% equity funding of assets. Solvency and refinancing risk stay elevated.
Income Statement
44NeutralBalance Sheet
33NegativeCash Flow
53Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.06B | 2.89B | 2.55B | 1.97B | 2.83B | 2.83B |
| Gross Profit | 817.74M | 883.86M | 322.16M | 388.93M | 738.50M | 603.74M |
| EBITDA | 40.67M | 179.24M | -244.62M | -232.65M | 132.03M | 17.49M |
| Net Income | -88.95M | 43.15M | -420.18M | -404.72M | -36.60M | -125.89M |
Balance Sheet | ||||||
| Total Assets | 2.52B | 2.49B | 1.86B | 2.49B | 2.95B | 2.59B |
| Cash, Cash Equivalents and Short-Term Investments | 384.38M | 568.81M | 360.93M | 512.89M | 452.36M | 242.37M |
| Total Debt | 1.09B | 1.09B | 927.99M | 1.05B | 1.16B | 808.70M |
| Total Liabilities | 1.93B | 1.93B | 1.49B | 1.69B | 1.76B | 1.59B |
| Stockholders Equity | 589.63M | 558.76M | 378.14M | 795.28M | 1.17B | 988.49M |
Cash Flow | ||||||
| Free Cash Flow | -173.83M | 85.06M | 1.51M | 132.38M | -363.33M | -401.80M |
| Operating Cash Flow | -100.36M | 139.86M | 72.25M | 203.41M | -311.42M | -349.26M |
| Investing Cash Flow | -81.64M | -58.23M | -60.66M | -75.52M | -59.72M | -82.25M |
| Financing Cash Flow | 121.77M | 111.16M | -183.86M | -66.56M | 587.81M | 77.88M |
Avision Inc. Peers Comparison
Overall Rating
TW:312848Neutral
TW:656045Neutral- TW:238042Neutral
TW:327239Underperform
TW:616039Underperform
TW:610938Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:3128 | 48Neutral | TWD 900.31M | 16.15 | ― | 2.23% | -12.58% | -22.95% |
| TW:6560 | 45Neutral | TWD 984.16M | 20.59 | ― | ― | 62.39% | ― |
| TW:2380 | 42Neutral | TWD 822.31M | -2.42 | ― | ― | 24.06% | 57.68% |
| TW:3272 | 39Underperform | TWD 691.22M | -1.27 | ― | ― | -11.96% | -68.38% |
| TW:6160 | 39Underperform | TWD 835.57M | -6.45 | ― | ― | -21.57% | -273.84% |
| TW:6109 | 38Underperform | TWD 800.09M | -10.86 | ― | ― | 19.88% | 48.32% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:2380 | Avision Inc. | 13.60 | -4.48 | -24.77% | |
| TW:3128 | Hi Sharp Electronics Co., Ltd. | 17.90 | -8.24 | -31.52% | |
| TW:3272 | Good Way Technology Co., Ltd. | 11.00 | -9.90 | -47.37% | |
| TW:6109 | Atech OEM Inc. | 8.96 | -3.17 | -26.12% | |
| TW:6160 | CipherLab Co., Ltd. | 11.95 | -7.15 | -37.43% | |
| TW:6560 | APPRO Photoelectron, Inc. | 29.20 | -12.30 | -29.64% |
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