I-Chiun Precision Industry Co., Ltd. (2486) AI Stock Analysis

I-Chiun Precision Industry Co., Ltd.

(TWSE:2486)

Select Model

Rating:37Underperform

Price Target:TWD 136.00▼(-20.00% Downside)

Action:initiatedcoverage

Date:11/10/26

The overall score is at the minimum of 37, reflecting a convergence of severe risks. The most significant factor is the company's critical financial health, marked by a massive cash burn and vanishing profitability despite revenue growth. This is compounded by extremely bearish technicals, with the stock in a deep downtrend and oversold condition, and a stretched valuation with a P/E near 97 that is unsupported by fundamentals.

Positive Factors

Revenue GrowthRevenue acceleration shows improving demand for the company’s precision components and industrial parts after a softer prior year. If sustained, stronger sales can improve operating scale, support customer expansion across end markets, and provide a foundation for rebuilding profitability over the next several quarters.

Negative Factors

Very Thin ProfitabilityA net margin near 0.8% leaves little buffer against cost increases, pricing pressure, or unfavorable product mix. The sharp decline from earlier profitability also suggests that recent revenue growth is not converting efficiently into earnings, making the current profit base less durable without operational improvement.

I-Chiun Precision Industry Co., Ltd. (2486) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 40.54B
Dividend Yield: 0.29%
Average Volume (3M): 5.54M
Price to Earnings (P/E): 103.3
Beta (1Y): 1.55
Revenue Growth: 25.09%
EPS Growth: 698.97%
Country: TW
Employees: 1,610
Sector: General
Sector Strength: 55
Industry: Hardware, Equipment & Parts

I-Chiun Precision Industry Co., Ltd. Business Overview & Revenue Model

Company Description

I-Chiun Precision Industry Co., Ltd. specializes in the global design, production, and distribution of advanced, high-precision electronic components and associated solutions. Its diverse product portfolio encompasses optoelectronic lead frames, comp...

I-Chiun Precision Industry Co., Ltd. Financial Statement Overview

Summary

Financial performance is severely strained. While revenue is growing rapidly, profitability is collapsing with a net margin of just 0.8%. The balance sheet is highly leveraged with debt exceeding equity, and free cash flow is deeply negative at -$1.34 billion, indicating a critical cash burn that threatens financial sustainability.

Income Statement

45Neutral

Balance Sheet

40Negative

Cash Flow

25Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	7.53B	6.05B	5.49B	5.07B	5.20B	5.99B
Gross Profit	1.49B	859.57M	770.87M	717.11M	578.28M	1.17B
EBITDA	1.11B	598.53M	537.94M	758.11M	673.17M	1.01B
Net Income	386.71M	50.62M	18.81M	200.89M	103.29M	375.77M
Balance Sheet
Total Assets	16.70B	12.39B	11.02B	7.80B	7.79B	8.49B
Cash, Cash Equivalents and Short-Term Investments	2.10B	1.32B	1.58B	1.80B	1.52B	1.17B
Total Debt	7.54B	5.23B	3.98B	2.05B	2.33B	2.51B
Total Liabilities	9.94B	6.91B	5.63B	3.41B	3.57B	4.24B
Stockholders Equity	6.48B	5.19B	5.21B	4.19B	4.04B	4.07B
Cash Flow
Free Cash Flow	-1.90B	-1.34B	-3.23B	704.75M	608.32M	-913.73M
Operating Cash Flow	132.54M	350.56M	220.01M	844.76M	1.03B	-431.17M
Investing Cash Flow	-1.98B	-1.67B	-3.45B	-185.24M	-569.71M	-455.70M
Financing Cash Flow	2.86B	1.13B	3.04B	-448.83M	-314.15M	1.05B

I-Chiun Precision Industry Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:2486 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:2421	75Outperform	TWD 37.59B	13.14	―	3.91%	22.04%	41.51%
TW:6670	66Neutral	TWD 37.22B	11.08	―	5.90%	10.09%	6.63%
TW:6176	60Neutral	TWD 27.47B	9.46	―	9.90%	-11.20%	-42.48%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:3376	48Neutral	TWD 21.44B	138.13	―	3.70%	-16.10%	-72.03%
TW:3714	48Neutral	TWD 38.16B	14.65	―	5.97%	4.37%	―
TW:2486	37Underperform	TWD 39.85B	103.33	―	0.29%	25.09%	698.97%

* General Sector Average

Performance Comparison

TW:2486 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:2486	I-Chiun Precision Industry Co., Ltd.	170.00	69.69	69.47%
TW:2421	Sunonwealth Electric Machine Industry Co., Ltd.	134.00	-36.76	-21.53%
TW:3376	Shin Zu Shing Co., Ltd.	108.00	-73.00	-40.33%
TW:3714	Ennostar Inc.	96.15	41.00	74.33%
TW:6176	Radiant Opto-Electronics Corp.	80.80	-71.06	-46.79%
TW:6670	Fusheng Precision Co. Ltd.	271.00	43.91	19.33%

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

I-Chiun Precision Industry Co., Ltd. AI Stock Analysis