Advantech Co., Ltd. AI Stock Analysis
Advantech Co., Ltd. (2395) AI Stock Analysis
Advantech Co., Ltd.
(TWSE:2395)
The score is anchored by Advantech's high-quality financial profile: strong revenue and profit acceleration, roughly 40% gross margins, a return on equity above 30%, and a near debt-free balance sheet that provides flexibility through hardware cycles. The main drag is technical: the share price has broken well below its 20-, 50- and 100-day moving averages with a negative MACD, and while deeply oversold readings suggest the selling may be extended, the prevailing trend is weak. Valuation is fair at a 27.9x P/E with a 2.0% dividend yield, supported by growth but leaving limited cushion. The key fundamental watch item is cash conversion, as free cash flow of NT$5.9 billion is well short of NT$17.1 billion in reported earnings, likely reflecting working capital build that needs to normalize.
Advantech Co., Ltd. (2395) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 531.10B
- Dividend Yield
- 1.82%
- Average Volume (3M)
- 2.81M
- Price to Earnings (P/E)
- 30.9
- Beta (1Y)
- 1.19
- Revenue Growth
- 39.84%
- EPS Growth
- 68.82%
- Country
- TW
- Employees
- 9,478
- Sector
- General
- Sector Strength
- 55
- Industry
- Computer Hardware
Advantech Co., Ltd. Business Overview & Revenue Model
Company Description
Advantech Co., Ltd., a company founded in 1981 and based in Taipei, Taiwan, operates as a global provider of advanced computing and automation technologies. The firm specializes in the development and distribution of embedded computing modules, indus...
Advantech Co., Ltd. Financial Statement Overview
Summary
Advantech combines accelerating growth with elite profitability: TTM revenue of NT$96.9 billion is up roughly 18%, net margin improved to 17.7%, and return on equity reached 30.8%. The balance sheet is a standout, with equity funding about 63% of assets and debt-to-equity of only 0.11. Offsetting these strengths, cash conversion has weakened materially — TTM operating cash flow of NT$8.7 billion and free cash flow of NT$5.9 billion lag reported net income of NT$17.1 billion — while gross margin has softened to 38.0% and debt stepped up from NT$2.0 billion to NT$7.2 billion.
Income Statement
85Very PositiveBalance Sheet
88Very PositiveCash Flow
71Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 96.87B | 70.88B | 59.79B | 64.57B | 68.74B | 58.62B |
| Gross Profit | 36.85B | 28.20B | 24.38B | 26.16B | 26.11B | 22.13B |
| EBITDA | 19.63B | 12.78B | 11.76B | 13.21B | 13.59B | 11.37B |
| Net Income | 17.12B | 10.59B | 9.01B | 10.84B | 10.76B | 8.25B |
Balance Sheet | ||||||
| Total Assets | 98.98B | 75.72B | 71.74B | 69.06B | 66.38B | 57.83B |
| Cash, Cash Equivalents and Short-Term Investments | 18.10B | 19.19B | 20.46B | 21.20B | 15.38B | 12.99B |
| Total Debt | 7.17B | 1.99B | 2.15B | 2.07B | 996.69M | 573.11M |
| Total Liabilities | 36.22B | 20.67B | 19.95B | 20.25B | 22.10B | 19.47B |
| Stockholders Equity | 62.66B | 54.95B | 51.43B | 48.46B | 43.81B | 37.85B |
Cash Flow | ||||||
| Free Cash Flow | 5.88B | 8.38B | 8.87B | 8.38B | 8.25B | 7.91B |
| Operating Cash Flow | 8.67B | 11.21B | 10.51B | 9.66B | 9.73B | 9.13B |
| Investing Cash Flow | -3.42B | -5.07B | -469.84M | -2.57B | -2.24B | -1.28B |
| Financing Cash Flow | -4.04B | -7.28B | -7.79B | -8.06B | -5.65B | -5.56B |
Advantech Co., Ltd. Peers Comparison
Overall Rating
TW:300577Outperform- TW:239570Outperform
TW:641461Neutral
TW:370660Neutral
TW:628559Neutral
TW:323155Neutral
Financial Indicators
| 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:2395 | 70Outperform | TWD 515.34B | 30.92 | ― | 1.82% | 39.84% | 68.82% |
| TW:6414 | 61Neutral | TWD 52.49B | 13.45 | ― | 4.22% | 8.27% | 19.95% |
| 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:3231 | 55Neutral | TWD 576.45B | 14.16 | 22.15% | 3.15% | 104.89% | 95.41% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:2395 | Advantech Co., Ltd. | 612.00 | 323.21 | 111.92% | |
| TW:3231 | Wistron Corporation | 174.50 | 35.59 | 25.62% | |
| TW:3005 | Getac Holdings Corporation | 109.50 | -12.60 | -10.32% | |
| TW:3706 | MiTAC Holdings Corp. | 69.40 | -15.62 | -18.37% | |
| TW:6285 | WNC Corporation | 194.50 | 93.21 | 92.02% | |
| TW:6414 | Ennoconn Corp. | 326.50 | 60.47 | 22.73% |
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