Sunrex Technology Corporation (2387) AI Stock Analysis

Sunrex Technology Corporation

(TWSE:2387)

Select Model

Rating:54Neutral

Price Target:TWD 32.00▲(7.20% Upside)

Action:initiatedcoverage

Date:11/10/26

Mixed financial performance is the dominant factor, with balance sheet strength undermined by revenue, margin, and cash flow weakness. Weak technical momentum adds pressure, while attractive valuation metrics provide meaningful support.

Positive Factors

Improved Balance SheetLower leverage and a substantial equity base provide financial flexibility through the business cycle. Compared with earlier debt-to-equity levels of roughly 0.66–0.75, the current structure reduces balance-sheet strain and leaves more capacity to support operations or future investment.

Negative Factors

Revenue ContractionThe return to revenue contraction indicates that recent demand and business momentum have weakened after the prior year’s growth. A smaller top line can reduce operating leverage, limit reinvestment capacity, and make it harder for Sunrex to rebuild profitability over the next several quarters.

Sunrex Technology Corporation (2387) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 5.77B
Dividend Yield: 13.40%
Average Volume (3M): 283.98K
Price to Earnings (P/E): 17.8
Beta (1Y): 0.55
Revenue Growth: -15.69%
EPS Growth: -67.38%
Country: TW
Employees: 13,546
Sector: General
Sector Strength: 55
Industry: Computer Hardware

Sunrex Technology Corporation Business Overview & Revenue Model

Company Description

Sunrex Technology Corporation is a global producer and distributor specializing in laptop computer keyboards. The company also dedicates significant resources to the research and development of various human interface devices, encompassing desktop co...

Sunrex Technology Corporation Financial Statement Overview

Summary

Mixed profile with strong balance sheet (score 78) providing stability, offset by weak income statement (score 42) showing revenue decline and margin compression plus poor cash flow (score 35) with sharp drops in operating and free cash flow.

Income Statement

42Neutral

Balance Sheet

78Positive

Cash Flow

35Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	18.03B	18.89B	23.55B	21.61B	24.57B	24.06B
Gross Profit	2.29B	2.72B	3.81B	3.39B	3.34B	2.90B
EBITDA	1.62B	2.08B	3.94B	3.66B	3.88B	2.91B
Net Income	571.37M	670.69M	1.51B	1.25B	1.44B	1.02B
Balance Sheet
Total Assets	20.11B	20.13B	21.96B	19.60B	21.86B	21.91B
Cash, Cash Equivalents and Short-Term Investments	6.20B	6.75B	5.83B	4.76B	5.06B	2.13B
Total Debt	3.76B	3.09B	3.09B	3.54B	5.96B	6.10B
Total Liabilities	8.57B	8.46B	10.24B	9.12B	11.73B	12.84B
Stockholders Equity	10.38B	10.61B	10.62B	9.39B	8.99B	8.08B
Cash Flow
Free Cash Flow	610.59M	599.96M	1.86B	3.59B	2.91B	-720.00M
Operating Cash Flow	1.55B	1.70B	2.97B	4.21B	4.06B	1.04B
Investing Cash Flow	-1.68B	-1.90B	-872.95M	-1.41B	-732.68M	-2.09B
Financing Cash Flow	-175.56M	-976.04M	-1.03B	-3.08B	-958.47M	267.22M

Sunrex Technology Corporation Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:2387 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:3694	67Neutral	TWD 6.47B	10.10	―	5.69%	15.44%	18.33%
TW:8103	64Neutral	TWD 6.73B	15.64	―	6.63%	14.31%	81.39%
TW:2397	56Neutral	TWD 6.35B	16.95	―	4.31%	16.92%	-16.99%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:2387	54Neutral	TWD 5.78B	17.77	―	13.40%	-15.69%	-67.38%
TW:2399	45Neutral	TWD 7.51B	10.82	―	―	-3.72%	―
TW:3062	43Neutral	TWD 6.39B	-9.39	―	―	-1.21%	-212.49%

* General Sector Average

Performance Comparison

TW:2387 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:2387	Sunrex Technology Corporation	29.85	-7.24	-19.53%
TW:2397	DFI Inc.	56.90	-2.56	-4.30%
TW:2399	Biostar Microtech International Corp.	42.95	18.50	75.66%
TW:3062	CyberTAN Technology, Inc.	18.60	-7.60	-29.01%
TW:3694	AzureWave Technologies, Inc.	40.45	-23.47	-36.72%
TW:8103	Cvilux Corporation	91.50	-0.04	-0.05%

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 10, 2026

Sunrex Technology Corporation AI Stock Analysis