Hanpin Electron Co., Ltd. (2488) AI Stock Analysis

Hanpin Electron Co., Ltd.

(TWSE:2488)

Select Model

Rating:72.3Outperform

Price Target:TWD 54.00▲(9.42% Upside)

Action:initiatedcoverage

Date:11/10/26

The score is supported primarily by a strong, low-leverage balance sheet and attractive valuation. Positive but weakening profitability and cash flow, together with subdued technical momentum, temper the overall rating.

Positive Factors

Very low leverageThe sharply reduced debt burden gives Hanpin substantial financial flexibility and limits interest-related pressure on earnings. Low leverage can help the company withstand weaker operating periods, preserve funds for investment, and maintain greater control over capital allocation decisions.

Negative Factors

Recent revenue contractionThe latest revenue decline and repeated swings between growth and contraction reduce confidence in Hanpin’s near-term demand trajectory. Persistent top-line volatility can make capacity planning, operating leverage, and sustained earnings expansion more difficult over the next several quarters.

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

Strong balance sheet with minimal leverage supports the score, while profitability and cash flow remain positive. Declining revenue, earnings, margins, and cash generation limit the rating.

Income Statement

72Positive

Balance Sheet

90Very Positive

Cash Flow

70Positive

Financial statement breakdown
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

UnderperformOutperform

Sector (55)

Financial Indicators

TW:2488 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:2488	72Outperform	TWD 3.88B	10.28	―	6.08%	8.22%	-3.59%
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: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

TW:2488 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:2488	Hanpin Electron Co., Ltd.	49.35	5.68	13.02%
TW:2477	Meiloon Industrial Co., Ltd.	21.30	-2.46	-10.35%
TW:5225	Eastech Holding Limited	42.90	-49.55	-53.60%
TW:5457	Speed Tech Corp.	19.40	-19.85	-50.57%
TW:6201	Ya Horng Electronic Co.,Ltd	46.10	-6.93	-13.07%
TW:6743	Ampacs Corporation	30.20	4.16	15.98%

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

Hanpin Electron Co., Ltd. AI Stock Analysis