Everspring Industry Co., Ltd. AI Stock Analysis
Everspring Industry Co., Ltd. (2390) AI Stock Analysis
Everspring Industry Co., Ltd.
(TWSE:2390)
Everspring scores low primarily because the core business remains unprofitable, with four consecutive years of operating losses, a 4.7% revenue decline and margin compression to 21.1%. Free cash flow has only just returned to breakeven, leaving minimal internal funding for growth or shareholder returns. The balance sheet is the key strength — very low leverage (D/E 0.08) and an 86% equity-funded asset base provide a cushion — but accumulated losses have eroded equity by about 40% since 2021. Technicals reinforce the caution, with the price below all major moving averages and a negative MACD, although the very low RSI points to oversold conditions. With a negative P/E and no dividend, valuation provides no offset, leaving the investment case dependent on management converting stabilised revenue into sustainable operating profit.
Everspring Industry Co., Ltd. (2390) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 1.75B
- Dividend Yield
- ―
- Average Volume (3M)
- 372.98K
- Price to Earnings (P/E)
- -39.6
- Beta (1Y)
- 0.63
- Revenue Growth
- -9.88%
- EPS Growth
- 59.19%
- Country
- TW
- Employees
- 7,665
- Sector
- General
- Sector Strength
- 55
- Industry
- Communication Equipment
Everspring Industry Co., Ltd. Business Overview & Revenue Model
Company Description
Everspring Industry Co., Ltd. engages in the manufacturing, reprocessing, and trading of burglar alarm and other electronic products and parts. The company offers disaster prevention and security solutions; lighting control equipment and accessories...
Everspring Industry Co., Ltd. Financial Statement Overview
Summary
A weak income statement (score 30) and thin cash flow (score 38) are only partly offset by a strong, under-levered balance sheet (score 72). The core business has recorded operating losses for four straight years, revenue fell 4.7% last year and gross margin compressed to 21.1%. Positives include a sharply narrower net loss (NT$27m vs NT$241m), a return to positive EBITDA and a swing back to positive operating and free cash flow, plus a debt-to-equity ratio of just 0.08. However, shareholders' equity has shrunk roughly 40% since 2021 and return on equity remains negative.
Income Statement
30NegativeBalance Sheet
72PositiveCash Flow
38Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 649.97M | 679.14M | 701.51M | 648.32M | 591.13M | 591.47M |
| Gross Profit | 129.14M | 143.19M | 170.72M | 162.85M | 123.88M | 106.10M |
| EBITDA | -53.48M | 16.77M | 24.77M | -19.98M | -725.96M | 1.60B |
| Net Income | -45.04M | -27.40M | -241.38M | -80.48M | -865.68M | 1.43B |
Balance Sheet | ||||||
| Total Assets | 2.73B | 2.71B | 2.83B | 3.05B | 3.22B | 4.33B |
| Cash, Cash Equivalents and Short-Term Investments | 904.47M | 889.81M | 997.48M | 1.27B | 1.30B | 2.34B |
| Total Debt | 185.96M | 192.72M | 256.62M | 237.70M | 307.32M | 143.42M |
| Total Liabilities | 371.36M | 384.61M | 484.41M | 478.82M | 548.97M | 416.30M |
| Stockholders Equity | 2.36B | 2.32B | 2.34B | 2.57B | 2.67B | 3.91B |
Cash Flow | ||||||
| Free Cash Flow | -46.00M | 1.98M | -54.70M | -28.66M | -3.60M | -101.70M |
| Operating Cash Flow | -26.27M | 20.45M | -41.11M | -11.95M | 17.34M | -86.47M |
| Investing Cash Flow | -77.86M | -31.24M | -192.28M | 41.68M | -280.91M | 1.20B |
| Financing Cash Flow | 57.52M | -66.42M | 14.27M | -73.52M | -270.08M | -235.03M |
Everspring Industry Co., Ltd. Peers Comparison
Overall Rating
TW:646563Neutral
TW:807254Neutral
TW:808954Neutral
TW:621650Neutral- TW:239042Neutral
TW:805939Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:6465 | 63Neutral | TWD 2.20B | 8.71 | ― | 0.49% | 135.76% | ― |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:8072 | 54Neutral | TWD 1.85B | 14.69 | ― | 4.26% | 27.49% | 64.44% |
| TW:8089 | 54Neutral | TWD 1.98B | -12.87 | ― | 3.30% | -67.55% | -168.26% |
| TW:6216 | 50Neutral | TWD 1.76B | 885.71 | ― | 5.60% | -25.98% | -97.11% |
| TW:2390 | 42Neutral | TWD 1.76B | -39.56 | ― | ― | -9.88% | 59.19% |
| TW:8059 | 39Underperform | TWD 1.61B | -9.42 | ― | ― | 438.05% | 69.51% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:2390 | Everspring Industry Co., Ltd. | 9.10 | -0.53 | -5.50% | |
| TW:6216 | DrayTek Corporation | 18.40 | -7.29 | -28.37% | |
| TW:6465 | ATrack Technology Inc | 38.70 | 22.29 | 135.83% | |
| TW:8059 | CastleNet Technology, Inc. | 13.30 | -23.53 | -63.89% | |
| TW:8072 | AV Tech Corporation | 23.50 | -7.68 | -24.64% | |
| TW:8089 | Comtrend Corp | 32.90 | 2.00 | 6.47% |
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