Chicony Electronics Co. Ltd. AI Stock Analysis
Chicony Electronics Co. Ltd. (2385) AI Stock Analysis
Chicony Electronics Co. Ltd.
(TWSE:2385)
Chicony scores moderately. The dominant factor is mixed financial performance: a genuinely strong, lightly levered balance sheet offset by a meaningful earnings and cash flow setback, with revenue, margins and free cash flow all declining. Deeply attractive valuation — a 9.9x P/E and an 8.1% dividend yield — provides significant support and is the main reason the score holds above average. Weighing against this, technicals are decidedly weak, with the share price below all major moving averages and negative MACD confirming a persistent downtrend, though the extremely low RSI and Stochastic readings suggest the move is stretched. Investors should look for stabilization in operating margins and a recovery in cash generation before expecting a sustained re-rating.
Chicony Electronics Co. Ltd. (2385) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 64.17B
- Dividend Yield
- 8.20%
- Average Volume (3M)
- 2.89M
- Price to Earnings (P/E)
- 9.8
- Beta (1Y)
- 0.50
- Revenue Growth
- -8.44%
- EPS Growth
- -23.86%
- Country
- TW
- Employees
- 27,597
- Sector
- General
- Sector Strength
- 55
- Industry
- Computer Hardware
Chicony Electronics Co. Ltd. Business Overview & Revenue Model
Company Description
Chicony Electronics Co., Ltd., established in 1983 and based in New Taipei City, Taiwan, operates globally as a comprehensive manufacturer and supplier of electronic goods. Its primary focus includes a broad spectrum of computer input devices, such a...
Chicony Electronics Co. Ltd. Financial Statement Overview
Summary
A conservative balance sheet (score 76) anchors the profile: debt-to-equity of just 0.20, equity funding ~44% of assets, and a still-healthy 14.9% return on equity provide a solid cushion. However, the income statement (59) and cash flow (60) both show clear deterioration — revenue fell ~6% to NT$95.7bn, operating margin compressed from 13.2% to 8.3%, net income dropped ~27%, and operating cash flow declined for a second straight year to NT$7.9bn with free cash flow covering only ~68% of profit. The company remains consistently profitable and cash-generative with no funding stress, but rising borrowings (NT$1.6bn to NT$9.1bn in two years) and weakening cash conversion temper the score.
Income Statement
59NeutralBalance Sheet
76PositiveCash Flow
60Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 93.14B | 95.66B | 101.48B | 98.32B | 115.75B | 107.47B |
| Gross Profit | 15.19B | 17.24B | 20.47B | 19.03B | 20.58B | 18.90B |
| EBITDA | 9.20B | 10.60B | 16.25B | 14.37B | 14.56B | 12.51B |
| Net Income | 6.54B | 6.58B | 9.05B | 7.46B | 7.32B | 6.15B |
Balance Sheet | ||||||
| Total Assets | 110.23B | 101.00B | 105.37B | 90.83B | 87.06B | 83.73B |
| Cash, Cash Equivalents and Short-Term Investments | 35.52B | 28.15B | 32.30B | 24.30B | 16.46B | 6.76B |
| Total Debt | 14.10B | 9.05B | 6.66B | 1.64B | 3.23B | 2.06B |
| Total Liabilities | 57.36B | 48.71B | 51.16B | 44.62B | 44.72B | 47.69B |
| Stockholders Equity | 44.87B | 44.33B | 46.17B | 39.07B | 35.66B | 30.45B |
Cash Flow | ||||||
| Free Cash Flow | 1.04B | 5.41B | 8.52B | 15.58B | 14.59B | 1.08B |
| Operating Cash Flow | 3.19B | 7.91B | 10.09B | 18.73B | 16.37B | 4.39B |
| Investing Cash Flow | -1.86B | -4.72B | -3.29B | -3.53B | -3.50B | -2.47B |
| Financing Cash Flow | 2.06B | -6.12B | -1.48B | -7.98B | -4.05B | -3.81B |
Chicony Electronics Co. Ltd. Peers Comparison
Overall Rating
TW:300577Outperform
TW:359666Neutral- TW:238564Neutral
TW:370660Neutral
TW:628559Neutral
TW:235244Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:3005 | 77Outperform | TWD 66.83B | 12.65 | ― | 6.34% | 8.59% | 8.19% |
| TW:3596 | 66Neutral | TWD 29.87B | 10.47 | ― | 6.57% | 4.32% | 5.74% |
| TW:2385 | 64Neutral | TWD 63.95B | 9.80 | ― | 8.20% | -8.44% | -23.86% |
| TW:3706 | 60Neutral | TWD 102.99B | 12.88 | ― | 4.22% | 50.91% | 23.24% |
| TW:6285 | 59Neutral | TWD 92.58B | 15.99 | ― | 2.25% | 29.79% | 88.44% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:2352 | 44Neutral | TWD 47.26B | 30.20 | ― | 10.69% | 1.60% | 19.60% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:2385 | Chicony Electronics Co. Ltd. | 87.80 | -31.77 | -26.57% | |
| TW:2352 | Qisda Corporation | 29.90 | 2.00 | 7.17% | |
| TW:3005 | Getac Holdings Corporation | 107.00 | -21.26 | -16.57% | |
| TW:3596 | Arcadyan Technology Corporation | 137.00 | -41.47 | -23.24% | |
| TW:3706 | MiTAC Holdings Corp. | 71.10 | -12.78 | -15.23% | |
| TW:6285 | WNC Corporation | 191.50 | 89.72 | 88.14% |
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