Mirle Automation Corp. (2464) AI Stock Analysis

Mirle Automation Corp.

(TWSE:2464)

Select Model

Rating:47.9Neutral

Price Target:TWD 134.00▼(-17.79% Downside)

Action:initiatedcoverage

Date:11/10/26

The score is primarily weighed down by weak profitability, declining revenue, and an extremely elevated P/E ratio. Positive cash generation and a reasonably stable balance sheet provide support, while technical momentum remains weak despite oversold indicators.

Positive Factors

Cash Generation RecoveryThe sharp rebound in operating and free cash flow improves the company’s ability to fund operations, support investment, and maintain liquidity without relying as heavily on external financing. If sustained, stronger internal cash generation can provide greater resilience through the next business cycle.

Negative Factors

Revenue ContractionThe decline in revenue signals weaker demand, project activity, or customer spending across Mirle’s automation business. Sustained top-line contraction would reduce operating leverage, limit reinvestment capacity, and make it harder for the company to restore profitability over the coming quarters.

Mirle Automation Corp. (2464) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 36.49B
Dividend Yield: 0.29%
Average Volume (3M): 11.81M
Price to Earnings (P/E): 49.2
Beta (1Y): 1.61
Revenue Growth: 19.16%
EPS Growth: ―
Country: TW
Employees: 1,226
Sector: General
Sector Strength: 55
Industry: Industrial - Machinery

Mirle Automation Corp. Business Overview & Revenue Model

Company Description

Mirle Automation Corporation, founded in 1989 and headquartered in Hsinchu, Taiwan, specializes in the production and distribution of integrated automation systems and their related components. The company provides a wide array of sophisticated autom...

Mirle Automation Corp. Financial Statement Overview

Summary

Weak profitability and declining revenue materially constrain the score, despite a reasonably stable balance sheet and positive free cash flow. The score reflects the supplied income statement score of 25, balance sheet score of 65, and cash flow score of 68.

Income Statement

25Negative

Balance Sheet

65Positive

Cash Flow

68Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	7.35B	6.68B	7.50B	8.81B	10.77B	9.86B
Gross Profit	1.40B	1.24B	1.38B	1.52B	1.88B	2.05B
EBITDA	402.76M	89.51M	399.26M	540.81M	846.12M	837.04M
Net Income	83.12M	-172.26M	103.01M	174.97M	514.72M	527.90M
Balance Sheet
Total Assets	12.92B	11.29B	12.56B	12.04B	13.11B	11.78B
Cash, Cash Equivalents and Short-Term Investments	1.59B	2.23B	1.72B	1.42B	2.00B	3.25B
Total Debt	1.95B	2.37B	2.40B	3.61B	3.14B	1.79B
Total Liabilities	7.15B	6.29B	7.31B	7.80B	8.77B	7.57B
Stockholders Equity	5.71B	4.94B	5.18B	4.18B	4.32B	4.20B
Cash Flow
Free Cash Flow	715.53M	720.48M	936.88M	-784.15M	-1.98B	694.78M
Operating Cash Flow	757.25M	761.48M	995.31M	-662.39M	-1.46B	1.00B
Investing Cash Flow	-639.46M	-108.00M	-29.22M	-169.27M	-598.74M	-392.55M
Financing Cash Flow	-124.34M	-129.23M	-593.86M	154.98M	805.69M	-260.14M

Mirle Automation Corp. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:2464 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:3563	73Outperform	TWD 38.70B	33.89	―	2.09%	16.99%	26.72%
TW:7751	67Neutral	TWD 30.52B	46.21	―	1.49%	―	―
TW:3583	59Neutral	TWD 40.40B	27.47	―	2.33%	7.90%	44.45%
TW:4576	56Neutral	TWD 22.04B	60.86	―	0.41%	33.61%	188.28%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:2464	48Neutral	TWD 35.47B	49.24	―	0.29%	19.16%	―

* General Sector Average

Performance Comparison

TW:2464 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:2464	Mirle Automation Corp.	163.00	101.63	165.60%
TW:3563	MACHVISION, Inc.	623.00	179.19	40.38%
TW:3583	Scientech Corporation	505.00	192.41	61.55%
TW:4576	HIWIN Mikrosystem Corp.	194.50	90.87	87.69%
TW:4585	Techman Robot, Inc.	219.00	-109.06	-33.24%
TW:7751	Horng Terng Automation Co Ltd	1205.00	738.17	158.12%

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

Mirle Automation Corp. AI Stock Analysis