Chicony Electronics Co. Ltd. (2385) AI Stock Analysis

Chicony Electronics Co. Ltd.

(TWSE:2385)

Select Model

Rating:70Outperform

Price Target:TWD 98.00▲(12.26% Upside)

Action:initiatedcoverage

Date:11/09/26

Strong balance sheet and compelling valuation are the primary positives driving the score, while weak technical momentum and revenue volatility act as offsets.

Positive Factors

Conservative Balance SheetConservative leverage and substantial equity provide financial resilience through demand fluctuations. This capitalization should preserve borrowing capacity and allow Chicony to continue investing in products and operations without excessive dependence on external financing.

Negative Factors

Revenue ContractionRecent revenue contraction signals weaker demand or reduced business momentum across the company’s markets. If this persists, lower scale can limit operating leverage, reduce resources available for investment, and make recovery in earnings more dependent on cost control.

Chicony Electronics Co. Ltd. (2385) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 67.32B
Dividend Yield: 8.25%
Average Volume (3M): 2.89M
Price to Earnings (P/E): 9.7
Beta (1Y): 0.52
Revenue Growth: -10.82%
EPS Growth: -28.50%
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

Resilient financial health supported by a strong balance sheet (88) and solid cash flows (78), partially offset by mixed income statement results (62) from revenue fluctuations and margin pressure.

Income Statement

62Positive

Balance Sheet

88Very Positive

Cash Flow

78Positive

Financial statement breakdown
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

UnderperformOutperform

Sector (55)

Financial Indicators

TW:2385 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:3005	77Outperform	TWD 66.83B	12.88	―	6.20%	11.11%	3.90%
TW:2385	70Outperform	TWD 63.95B	9.74	―	8.25%	-10.82%	-28.50%
TW:3596	66Neutral	TWD 29.87B	10.54	―	6.47%	4.32%	5.74%
TW:3706	60Neutral	TWD 102.99B	13.07	―	4.32%	50.91%	23.24%
TW:6285	59Neutral	TWD 92.58B	16.16	―	2.21%	29.79%	88.44%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:2352	44Neutral	TWD 47.26B	29.19	―	11.06%	1.60%	19.60%

* General Sector Average

Performance Comparison

TW:2385 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:2385	Chicony Electronics Co. Ltd.	87.30	-33.21	-27.56%
TW:2352	Qisda Corporation	28.90	1.63	5.97%
TW:3005	Getac Holdings Corporation	109.50	-12.60	-10.32%
TW:3596	Arcadyan Technology Corporation	139.00	-40.42	-22.53%
TW:3706	MiTAC Holdings Corp.	69.40	-15.62	-18.37%
TW:6285	WNC Corporation	194.50	93.21	92.02%

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

Chicony Electronics Co. Ltd. AI Stock Analysis