Acer Gadget Inc AI Stock Analysis
Acer Gadget Inc (2432) AI Stock Analysis
Acer Gadget Inc
(TWSE:2432)
Acer Gadget scores in the upper-middle range, driven primarily by a fortress-like balance sheet — effectively debt-free with equity funding about 70% of assets — combined with rapid revenue growth and an attractive valuation at 10.7x earnings with a 6.17% dividend yield. The main drag is earnings quality: gross and net margins have compressed every year since 2022, leaving profits flat despite sales nearly doubling, and operating cash flow dropped materially in the latest period. Technicals are neutral-to-soft, with the shares trading below their 20-, 50- and 100-day averages and momentum indicators in neutral territory, though the stock still holds above its 200-day average. Margin stabilization and a rebound in cash generation are the key signals that would justify a higher score.
Acer Gadget Inc (2432) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 1.74B
- Dividend Yield
- 6.18%
- Average Volume (3M)
- 22.07K
- Price to Earnings (P/E)
- 10.7
- Beta (1Y)
- 0.42
- Revenue Growth
- 57.95%
- EPS Growth
- 51.30%
- Country
- TW
- Employees
- 63
- Sector
- General
- Sector Strength
- 55
- Industry
- Computer Hardware
Acer Gadget Inc Business Overview & Revenue Model
Company Description
Operating both within Taiwan and globally, Acer Gadget Inc. specializes in the design, leasing, and sale of a wide array of products. These offerings span computer software, hardware application systems, peripheral devices, and smart lifestyle soluti...
Acer Gadget Inc Financial Statement Overview
Summary
A very strong balance sheet (score 86) anchors the financial profile: total debt is negligible at about NT$1.3 million versus NT$1.19 billion of equity, which funds roughly 70% of assets, leaving the company essentially unlevered with ROE improving to about 9.8%. The income statement (62) is more mixed — revenue has tripled since 2020 and grew about 26% in the latest year, but gross margin compressed from 15.6% to 12.6% and net margin halved to roughly 3.6%, leaving net income flat near NT$116 million. Cash flow (64) is positive with free cash flow of about NT$113 million covering 87% of net income and light capex, but operating cash flow fell sharply from about NT$335 million to NT$130 million on working-capital swings. Net: exceptional financial safety paired with growth that has yet to translate into expanding profitability.
Income Statement
62PositiveBalance Sheet
86Very PositiveCash Flow
64Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.05B | 3.27B | 2.61B | 2.09B | 1.66B | 1.45B |
| Gross Profit | 474.01M | 411.40M | 344.42M | 325.32M | 259.54M | 221.20M |
| EBITDA | 168.75M | 145.02M | 161.00M | 114.34M | 125.08M | 65.94M |
| Net Income | 135.93M | 116.22M | 116.03M | 121.26M | 133.34M | 7.30M |
Balance Sheet | ||||||
| Total Assets | 1.96B | 1.70B | 1.87B | 1.86B | 1.53B | 940.85M |
| Cash, Cash Equivalents and Short-Term Investments | 750.64M | 1.11B | 1.11B | 889.14M | 893.13M | 217.34M |
| Total Debt | 7.30M | 1.34M | 1.07M | 3.59M | 1.21M | 2.81M |
| Total Liabilities | 797.35M | 514.90M | 624.58M | 587.12M | 480.68M | 510.68M |
| Stockholders Equity | 1.16B | 1.19B | 1.24B | 1.27B | 1.05B | 430.16M |
Cash Flow | ||||||
| Free Cash Flow | 77.01M | 113.22M | 314.52M | 49.29M | 73.34M | 52.05M |
| Operating Cash Flow | 116.66M | 130.43M | 335.35M | 49.58M | 76.05M | 53.08M |
| Investing Cash Flow | -417.18M | -4.49M | -12.72M | 6.73M | 78.62M | 36.67M |
| Financing Cash Flow | -114.90M | -119.76M | -107.45M | -58.77M | 520.28M | -45.95M |
Acer Gadget Inc Peers Comparison
Overall Rating
- TW:243266Neutral
TW:499557Neutral
TW:354045Neutral
TW:804741Neutral
TW:808532Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:2432 | 66Neutral | TWD 1.70B | 10.70 | ― | 6.18% | 57.95% | 51.30% |
| TW:4995 | 57Neutral | TWD 1.71B | 10.22 | ― | 4.95% | 14.06% | 111.77% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:3540 | 45Neutral | TWD 1.74B | 47.23 | ― | 1.22% | -1.69% | 280.47% |
| TW:8047 | 41Neutral | TWD 1.82B | -58.08 | ― | ― | -2.67% | -530.90% |
| TW:8085 | 32Underperform | TWD 1.73B | -10.16 | ― | ― | 0.80% | -102.86% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:2432 | Acer Gadget Inc | 27.50 | 0.71 | 2.63% | |
| TW:3097 | Partner Tech Corp. | 22.10 | -1.62 | -6.83% | |
| TW:3540 | Thermaltake Technology Co., Ltd. | 21.05 | -9.52 | -31.13% | |
| TW:4995 | Litemax Electronics Inc. | 40.25 | -1.43 | -3.43% | |
| TW:8047 | Great Computer Corp. | 52.50 | 4.41 | 9.17% | |
| TW:8085 | Forward Electronics Co., Ltd. | 12.35 | -5.80 | -31.96% |
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