Hanpin Electron Co., Ltd. AI Stock Analysis
Hanpin Electron Co., Ltd. (2488) AI Stock Analysis
Hanpin Electron Co., Ltd.
(TWSE:2488)
Hanpin Electron scores moderately above average. The dominant strength is financial resilience — an essentially debt-free balance sheet, double-digit ROE and free cash flow that closely tracks reported profits — supported by a cheap 10x P/E and a 6.2% dividend yield. Offsetting this is a cyclical earnings downturn: revenue fell ~9%, operating margin compressed sharply, a growing share of profit comes from non-operating sources, and free cash flow has declined for three consecutive years. Technicals add a drag, with the shares trading below their short- and medium-term moving averages on weak momentum readings. The balance sheet limits downside risk, but a re-rating likely requires stabilising revenue and restoring operating margins.
Hanpin Electron Co., Ltd. (2488) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 3.96B
- Dividend Yield
- 6.08%
- Average Volume (3M)
- 78.70K
- Price to Earnings (P/E)
- 10.3
- Beta (1Y)
- 0.31
- Revenue Growth
- 8.22%
- EPS Growth
- -3.59%
- Country
- TW
- Employees
- 44,792
- Sector
- General
- Sector Strength
- 55
- Industry
- Consumer Electronics
Hanpin Electron Co., Ltd. Business Overview & Revenue Model
Company Description
Hanpin Electron Co., Ltd. designs, manufactures, and sells electrical appliances, lighting equipment, data storage, wireless communication machinery, and electronic components in the United States, Netherlands, Japan, China, Taiwan, and international...
Hanpin Electron Co., Ltd. Financial Statement Overview
Summary
A fortress balance sheet anchors the profile: debt-to-equity of roughly 1%, equity funding about 74% of assets, and a 13.0% return on equity (Balance Sheet 85). Cash generation is still healthy, with NT$406m operating cash flow and NT$368m free cash flow covering ~91% of net income, though FCF has now declined three years running (Cash Flow 71). The weak link is the income statement (64): revenue fell ~9% to about NT$2.88bn, operating margin compressed to 11.5% from 17.1%, and net profit exceeded operating profit, signalling a meaningful reliance on lower-quality non-operating income.
Income Statement
64PositiveBalance Sheet
85Very PositiveCash Flow
71Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.13B | 2.88B | 3.18B | 2.46B | 3.09B | 2.49B |
| Gross Profit | 677.38M | 660.94M | 773.74M | 657.98M | 635.24M | 418.41M |
| EBITDA | 372.51M | 366.45M | 575.97M | 490.62M | 458.94M | 238.92M |
| Net Income | 389.25M | 364.59M | 419.07M | 351.13M | 308.69M | 143.29M |
Balance Sheet | ||||||
| Total Assets | 4.21B | 3.81B | 3.88B | 3.46B | 3.30B | 4.09B |
| Cash, Cash Equivalents and Short-Term Investments | 2.14B | 2.17B | 1.95B | 1.93B | 1.84B | 2.33B |
| Total Debt | 50.76M | 31.12M | 32.10M | 20.14M | 75.82M | 1.01B |
| Total Liabilities | 1.44B | 997.79M | 1.14B | 985.98M | 970.26M | 2.00B |
| Stockholders Equity | 2.78B | 2.81B | 2.73B | 2.47B | 2.33B | 2.07B |
Cash Flow | ||||||
| Free Cash Flow | 195.78M | 367.90M | 462.64M | 622.97M | 470.79M | -77.55M |
| Operating Cash Flow | 228.24M | 405.65M | 489.56M | 635.23M | 490.51M | -56.45M |
| Investing Cash Flow | -252.60M | 236.80M | -549.46M | -36.53M | -809.90M | -25.03M |
| Financing Cash Flow | -227.25M | -258.40M | -214.65M | -240.83M | -1.06B | 503.16M |
Hanpin Electron Co., Ltd. Peers Comparison
Overall Rating
TW:620172Outperform
TW:522569Neutral- TW:248867Neutral
TW:247756Neutral
TW:545749Neutral
TW:674342Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:6201 | 72Outperform | TWD 4.13B | 12.20 | ― | 6.72% | -4.99% | -16.25% |
| TW:5225 | 69Neutral | TWD 3.43B | 6.52 | ― | 16.81% | -8.09% | -73.34% |
| TW:2488 | 67Neutral | TWD 3.88B | 10.28 | ― | 6.08% | 8.22% | -3.59% |
| TW:2477 | 56Neutral | TWD 3.33B | 24.14 | ― | 6.57% | 6.09% | -56.35% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:5457 | 49Neutral | TWD 3.81B | -283.38 | ― | 7.73% | -8.17% | -103.95% |
| TW:6743 | 42Neutral | TWD 4.13B | 27.34 | ― | 9.93% | -11.91% | -10.04% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:2488 | Hanpin Electron Co., Ltd. | 49.35 | 5.35 | 12.17% | |
| TW:2477 | Meiloon Industrial Co., Ltd. | 21.30 | -1.38 | -6.06% | |
| TW:5225 | Eastech Holding Limited | 42.90 | -51.39 | -54.50% | |
| TW:5457 | Speed Tech Corp. | 19.40 | -20.41 | -51.27% | |
| TW:6201 | Ya Horng Electronic Co.,Ltd | 46.10 | -7.02 | -13.22% | |
| TW:6743 | Ampacs Corporation | 30.20 | 3.26 | 12.11% |
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