Acer Gadget Inc (2432) AI Stock Analysis

Acer Gadget Inc

(TWSE:2432)

Select Model

Rating:58Neutral

Price Target:TWD 29.00▲(2.84% Upside)

Action:initiatedcoverage

Date:11/10/26

The overall score of 58 reflects a company with a very strong, debt-free balance sheet and an attractive, high-yield valuation, which are the most significant positive factors. These are counterbalanced by a clear trend of deteriorating profitability and cash flow generation, alongside weak short-to-medium term technical momentum. The company is financially stable but faces operational headwinds that are pressuring its stock performance.

Positive Factors

Very Low LeverageThe exceptionally conservative balance sheet materially reduces financial risk and preserves flexibility. Low leverage can support continued investment, dividends, or resilience during weaker demand, while limiting interest burdens and refinancing exposure over the next several quarters.

Negative Factors

Volatile Operating Cash FlowUneven operating cash generation reduces confidence in the timing and reliability of cash realization, even when accounting earnings remain similar. Working-capital swings can constrain discretionary investment or shareholder distributions and make financial planning less predictable.

Acer Gadget Inc (2432) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 1.74B
Dividend Yield: 6.03%
Average Volume (3M): 22.49K
Price to Earnings (P/E): 11.0
Beta (1Y): 0.41
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

Financial performance is mixed. A fortress-like balance sheet (Score 82) with virtually no debt provides exceptional stability. However, this is offset by deteriorating profitability, with net margins compressing from 8.0% to 3.6%, and a sharp decline in operating cash flow from 335.3M to 130.4M, indicating weakening operational efficiency and cash generation.

Income Statement

45Neutral

Balance Sheet

82Very Positive

Cash Flow

55Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Mar 2023	Dec 2021
Income Statement
Total Revenue	4.81B	3.27B	2.61B	2.09B	1.66B	1.45B
Gross Profit	538.41M	411.40M	344.42M	325.32M	259.54M	221.20M
EBITDA	174.94M	145.02M	161.00M	114.34M	125.08M	65.94M
Net Income	159.05M	116.22M	116.03M	121.26M	133.34M	7.30M
Balance Sheet
Total Assets	1.88B	1.70B	1.87B	1.86B	1.53B	940.85M
Cash, Cash Equivalents and Short-Term Investments	695.45M	1.11B	1.11B	889.14M	893.13M	217.34M
Total Debt	5.67M	1.34M	1.07M	3.59M	1.21M	2.81M
Total Liabilities	676.79M	514.90M	624.58M	587.12M	480.68M	510.68M
Stockholders Equity	1.21B	1.19B	1.24B	1.27B	1.05B	430.16M
Cash Flow
Free Cash Flow	25.49M	113.22M	314.52M	49.29M	73.34M	52.05M
Operating Cash Flow	57.73M	130.43M	335.35M	49.58M	76.05M	53.08M
Investing Cash Flow	-416.79M	-4.49M	-12.72M	6.73M	78.62M	36.67M
Financing Cash Flow	-115.91M	-119.76M	-107.45M	-58.77M	520.28M	-45.95M

Acer Gadget Inc Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:2432 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:2432	58Neutral	TWD 1.73B	10.97	―	6.03%	57.95%	51.30%
TW:4995	57Neutral	TWD 1.71B	10.33	―	4.95%	14.06%	111.77%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:3540	45Neutral	TWD 1.69B	47.68	―	1.22%	-1.69%	280.47%
TW:8047	41Neutral	TWD 1.78B	-55.04	―	―	40.63%	-149.65%
TW:8085	32Underperform	TWD 1.67B	-10.16	―	―	0.80%	-102.86%

* General Sector Average

Performance Comparison

TW:2432 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:2432	Acer Gadget Inc	28.20	2.16	8.31%
TW:3097	Partner Tech Corp.	22.95	-1.11	-4.61%
TW:3540	Thermaltake Technology Co., Ltd.	21.05	-7.98	-27.48%
TW:4995	Litemax Electronics Inc.	40.30	1.30	3.34%
TW:8047	Great Computer Corp.	49.75	-3.22	-6.07%
TW:8085	Forward Electronics Co., Ltd.	12.30	-4.95	-28.70%

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

Acer Gadget Inc AI Stock Analysis