Sunplus Technology Co., Ltd. AI Stock Analysis
Sunplus Technology Co., Ltd. (2401) AI Stock Analysis
Sunplus Technology Co., Ltd.
(TWSE:2401)
Sunplus scores below average, driven primarily by deteriorating profitability: margin compression of nearly nine percentage points, a swing to operating and net losses, and shrinking cash generation since 2021. The main offset is a conservative, well-capitalized balance sheet (debt-to-equity near 0.18) and still-positive free cash flow, which materially limit financial risk. Technicals add further pressure, with the price below all key moving averages and a negative MACD, though oversold RSI and Stochastic readings suggest selling may be stretched. Valuation offers little support, with a P/E near 219x on depressed earnings and no dividend. The investment case rests on a cyclical upturn in chip demand and a rebound in product mix and pricing.
Sunplus Technology Co., Ltd. (2401) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 12.74B
- Dividend Yield
- ―
- Average Volume (3M)
- 2.41M
- Price to Earnings (P/E)
- 221.9
- Beta (1Y)
- 1.09
- Revenue Growth
- 5.96%
- EPS Growth
- ―
- Country
- TW
- Employees
- 1,091
- Sector
- General
- Sector Strength
- 55
- Industry
- Semiconductors
Sunplus Technology Co., Ltd. Business Overview & Revenue Model
Company Description
Established in Hsinchu City, Taiwan, in 1990, Sunplus Technology Company Limited is a global enterprise that researches, develops, designs, tests, and sells integrated circuits (ICs) primarily for consumer use. The company specializes in ICs for mult...
Sunplus Technology Co., Ltd. Financial Statement Overview
Summary
A mixed picture dominated by weak earnings. Revenue slipped to roughly NT$6.30 billion and gross margin compressed sharply to about 39.5% from 48.4%, pushing the company back into an operating loss of NT$92 million and a net loss of NT$215 million (Income Statement: 33). The balance sheet remains a clear strength, with debt-to-equity near 0.18 and equity funding about 59% of assets, providing ample cushion through the cycle, though equity has eroded from NT$10.12 billion in 2021 to NT$8.21 billion and ROE is negative at -2.6% (Balance Sheet: 70). Cash flow is better than reported earnings, with operating cash flow of NT$488 million and free cash flow of NT$299 million despite the loss, but both are on a steady multi-year downtrend from the 2021 peak (Cash Flow: 58). Net: financially stable but currently under-earning and highly cyclical.
Income Statement
33NegativeBalance Sheet
70PositiveCash Flow
58Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.94B | 6.30B | 6.43B | 5.54B | 6.71B | 7.96B |
| Gross Profit | 2.62B | 2.49B | 3.11B | 2.52B | 3.30B | 4.16B |
| EBITDA | 627.96M | 437.87M | 1.33B | 454.16M | 1.40B | 2.48B |
| Net Income | 61.56M | -215.49M | 258.97M | -493.15M | 670.46M | 1.76B |
Balance Sheet | ||||||
| Total Assets | 14.96B | 14.00B | 14.34B | 13.96B | 15.02B | 16.38B |
| Cash, Cash Equivalents and Short-Term Investments | 5.75B | 5.97B | 6.15B | 5.18B | 5.15B | 6.58B |
| Total Debt | 1.60B | 1.48B | 1.46B | 1.43B | 1.25B | 793.85M |
| Total Liabilities | 4.10B | 3.41B | 3.31B | 3.16B | 3.29B | 3.80B |
| Stockholders Equity | 8.46B | 8.21B | 8.61B | 8.49B | 9.26B | 10.12B |
Cash Flow | ||||||
| Free Cash Flow | -113.79M | 298.79M | 477.09M | 825.71M | -646.28M | 1.59B |
| Operating Cash Flow | 165.79M | 487.60M | 771.63M | 1.10B | -315.73M | 1.88B |
| Investing Cash Flow | -253.34M | -343.84M | 267.49M | -767.61M | 1.18B | -974.33M |
| Financing Cash Flow | -215.39M | -298.93M | -224.51M | -667.08M | -1.32B | 547.42M |
Sunplus Technology Co., Ltd. Peers Comparison
Overall Rating
TW:243661Neutral
TW:367547Neutral
TW:653346Neutral- TW:240146Neutral
TW:354545Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:2436 | 61Neutral | TWD 11.00B | 9.01 | ― | 3.57% | 25.84% | 214.39% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:3675 | 47Neutral | TWD 12.55B | 34.82 | ― | 1.64% | 15.03% | 108.70% |
| TW:6533 | 46Neutral | TWD 12.68B | -41.00 | ― | ― | 20.43% | -13.21% |
| TW:2401 | 46Neutral | TWD 12.89B | 221.88 | ― | ― | 5.96% | ― |
| TW:3545 | 45Neutral | TWD 10.24B | -9.02 | ― | 1.79% | -20.71% | -280.66% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:2401 | Sunplus Technology Co., Ltd. | 21.70 | 0.60 | 2.84% | |
| TW:2436 | Weltrend Semiconductor, Inc. | 54.80 | 8.02 | 17.14% | |
| TW:3545 | FocalTech Systems Co., Ltd. | 45.55 | -8.55 | -15.81% | |
| TW:3675 | Eris Technology Corp. | 243.50 | 99.06 | 68.58% | |
| TW:6533 | Andes Technology Corp. | 234.00 | -9.66 | -3.97% | |
| TW:7913 | QBit Semiconductor Ltd. | 230.50 | -298.50 | -56.43% |
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