C Sun Mfg. Ltd. (2467) AI Stock Analysis

C Sun Mfg. Ltd.

(TWSE:2467)

Select Model

Rating:66Neutral

Price Target:TWD 329.00▲(4.28% Upside)

Action:initiatedcoverage

Date:11/10/26

Strong profitability, improving balance-sheet strength, and lower leverage are the primary positives. However, sharply weaker free cash flow and bearish technical momentum materially reduce the score, while valuation is only moderately supportive.

Positive Factors

Revenue GrowthThe 17.3% TTM revenue increase indicates renewed demand and expanding business activity after prior declines. Sustained growth would improve operating leverage, support investment in production capabilities, and strengthen the company’s earnings base over the next several quarters.

Negative Factors

Weak Free Cash FlowThin and volatile free cash flow limits confidence that accounting earnings will consistently convert into shareholder cash returns. The low conversion rate suggests substantial reinvestment or working-capital demands, which may constrain dividends, debt reduction, and internally funded growth.

C Sun Mfg. Ltd. (2467) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 50.40B
Dividend Yield: 1.74%
Average Volume (3M): 1.28M
Price to Earnings (P/E): 25.5
Beta (1Y): 1.37
Revenue Growth: 71.68%
EPS Growth: 144.03%
Country: TW
Employees: 10,751
Sector: General
Sector Strength: 55
Industry: Industrial - Machinery

C Sun Mfg. Ltd. Business Overview & Revenue Model

Company Description

C Sun Mfg Ltd., together with its subsidiaries, provides various processing equipment in Taiwan, China, and internationally. It offers printed circuit board processing equipment, including exposure systems, preheaters, laminators/coaters, Mylar peele...

C Sun Mfg. Ltd. Financial Statement Overview

Summary

Strong profitability and improving leverage support the score, with revenue up 17.3%, net margin at 19.7%, and debt-to-equity down to 0.33. Weak free cash flow conversion is the main financial risk.

Income Statement

88Very Positive

Balance Sheet

82Very Positive

Cash Flow

53Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	9.77B	6.10B	4.82B	3.63B	5.37B	5.72B
Gross Profit	4.54B	2.64B	1.98B	1.51B	1.91B	1.94B
EBITDA	2.29B	973.11M	989.83M	696.43M	1.07B	970.50M
Net Income	1.92B	830.56M	719.16M	486.32M	718.97M	660.29M
Balance Sheet
Total Assets	29.62B	15.31B	10.77B	8.00B	8.19B	7.34B
Cash, Cash Equivalents and Short-Term Investments	4.22B	2.25B	3.23B	2.16B	1.97B	1.46B
Total Debt	5.05B	3.93B	2.61B	2.22B	1.82B	1.56B
Total Liabilities	13.93B	8.32B	5.52B	4.59B	4.71B	4.29B
Stockholders Equity	15.14B	6.54B	4.86B	3.09B	3.19B	2.83B
Cash Flow
Free Cash Flow	139.02M	-799.47M	540.33M	958.72M	516.44M	247.75M
Operating Cash Flow	3.63B	1.08B	873.95M	988.09M	611.97M	388.55M
Investing Cash Flow	-4.79B	-1.92B	-313.37M	-460.45M	-143.77M	-753.15M
Financing Cash Flow	2.61B	826.39M	-135.81M	-608.55M	-175.21M	-198.23M

C Sun Mfg. Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:2467 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:3563	73Outperform	TWD 38.70B	32.65	―	2.15%	16.99%	26.72%
TW:3131	66Neutral	TWD 49.68B	28.86	―	2.70%	37.72%	73.19%
TW:2467	66Neutral	TWD 50.73B	25.46	―	1.74%	71.68%	144.03%
TW:3450	59Neutral	TWD 53.83B	75.61	―	0.27%	-1.56%	-16.64%
TW:3583	59Neutral	TWD 40.40B	28.85	―	2.41%	7.90%	44.45%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:2464	44Neutral	TWD 35.47B	47.13	―	0.30%	19.16%	―

* General Sector Average

Performance Comparison

TW:2467 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:2467	C Sun Mfg. Ltd.	315.50	141.16	80.96%
TW:2464	Mirle Automation Corp.	156.00	91.76	142.83%
TW:3131	Grand Process Technology Corporation	1705.00	325.39	23.59%
TW:3450	Elite Advanced Laser Corporation	369.50	113.51	44.34%
TW:3563	MACHVISION, Inc.	605.00	143.54	31.11%
TW:3583	Scientech Corporation	486.50	166.97	52.26%

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 10, 2026

C Sun Mfg. Ltd. AI Stock Analysis