Advantech Co., Ltd. (2395) AI Stock Analysis

Advantech Co., Ltd.

(TWSE:2395)

Select Model

Rating:74Outperform

Price Target:TWD 618.00▲(0.98% Upside)

Action:initiatedcoverage

Date:11/10/26

Strong financial performance is the primary support for the score, led by profitability, balance-sheet strength, and low leverage. This is tempered by weak technical momentum and a relatively high P/E ratio, while no earnings-call or corporate-event data was available.

Positive Factors

Strong ProfitabilityAdvantech’s strong gross and net margins provide a durable earnings base for an industrial hardware company. Healthy profitability can support continued investment in embedded systems, software, and industrial IoT solutions while helping the company absorb cost pressure and preserve competitive capabilities.

Negative Factors

Weak Cash ConversionThe sharp decline in operating cash flow relative to reported earnings raises an earnings-quality concern over the next several quarters. Even with positive free cash flow, persistent working-capital drag or timing effects could limit internally funded investment and make profit growth less dependable.

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

Strong revenue and net income growth, healthy margins, low leverage, high equity, and improved return on equity support a high score. Lower operating cash flow, weaker cash conversion, rising debt, and gross-margin pressure are the main limitations.

Income Statement

90Very Positive

Balance Sheet

93Very Positive

Cash Flow

82Very Positive

Financial statement breakdown
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

UnderperformOutperform

Sector (55)

Financial Indicators

TW:2395 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:2395	74Outperform	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

TW:2395 and its peers over the selected period
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%

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

Advantech Co., Ltd. AI Stock Analysis