Avision Inc. (2380) AI Stock Analysis

Avision Inc.

(TWSE:2380)

Select Model

Rating:49Neutral

Price Target:TWD 13.50▼(-0.74% Downside)

Action:initiatedcoverage

Date:11/09/26

Score primarily reflects mixed financial results with earnings and cash flow recovery offset by weak balance sheet. Bearish technical signals and unattractive valuation further limit upside.

Positive Factors

Revenue GrowthThe reported revenue growth indicates expanding demand for Avision’s document imaging products and services. If maintained, stronger sales can improve operating leverage, support investment in product development, and reinforce the company’s position across office, enterprise, and industrial markets.

Negative Factors

Thin and Volatile ProfitabilityThe very thin net margin leaves limited protection against weaker demand, cost increases, or execution setbacks. Large losses in the preceding years also show that earnings remain volatile, so the 2025 improvement may not yet represent a durable earnings profile through the next business cycle.

Avision Inc. (2380) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 857.23M
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

Turnaround to positive net income, expanded margins, and improved cash flow are positives, but high leverage and declining equity remain key risks.

Income Statement

68Positive

Balance Sheet

38Negative

Cash Flow

65Positive

Financial statement breakdown
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

UnderperformOutperform

Sector (55)

Financial Indicators

TW:2380 against its peers
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:2380	49Neutral	TWD 822.31M	-2.42	―	―	24.06%	57.68%
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: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

TW:2380 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:2380	Avision Inc.	13.60	-3.65	-21.14%
TW:3128	Hi Sharp Electronics Co., Ltd.	17.90	-7.68	-30.03%
TW:3272	Good Way Technology Co., Ltd.	11.00	-9.55	-46.47%
TW:6109	Atech OEM Inc.	8.96	-3.02	-25.23%
TW:6160	CipherLab Co., Ltd.	11.95	-6.95	-36.77%
TW:6560	APPRO Photoelectron, Inc.	29.20	-12.00	-29.13%

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

Avision Inc. AI Stock Analysis