Ahoku Electronic Co. AI Stock Analysis
Ahoku Electronic Co. (3002) AI Stock Analysis
Ahoku Electronic Co.
(TWSE:3002)
The score is held back primarily by weak operating fundamentals: despite a revenue rebound, margins compressed and the core business is loss-making, with reported profit driven by non-operating items and ROE below 3%. A virtually debt-free balance sheet and a return to positive free cash flow provide meaningful downside protection, but cash generation has been erratic across the cycle. Technicals add further pressure, with the stock below all key moving averages and negative MACD momentum. A P/E near 158x on low-quality earnings makes valuation unattractive, only partly offset by a ~2% dividend yield and low beta.
Ahoku Electronic Co. (3002) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 1.72B
- Dividend Yield
- 1.96%
- Average Volume (3M)
- 234.31K
- Price to Earnings (P/E)
- -63.5
- Beta (1Y)
- 0.76
- Revenue Growth
- 26.21%
- EPS Growth
- -162.58%
- Country
- TW
- Employees
- 82,298
- Sector
- General
- Sector Strength
- 55
- Industry
- Electrical Equipment & Parts
Ahoku Electronic Co. Business Overview & Revenue Model
Company Description
AHOKU Electronic Company manufactures and markets smart power management devices, touch displays and peripherals of arcade games, and circuit protection components in Taiwan and Mainland China. The company’s Smart Power Management Devices segment eng...
Ahoku Electronic Co. Financial Statement Overview
Summary
A debt-free balance sheet (debt-to-equity near 2%, equity funding ~68% of assets) is the standout strength, offering strong downside protection. However, earnings quality is weak: revenue rebounded to NT$690 million but gross margin fell to 18.3% and the core business posted an operating loss of ~NT$44 million, with negative EBITDA. Reported net income of NT$36 million came from non-operating items, leaving ROE under 3%. Cash flow turned positive (NT$38 million operating, NT$33 million free), but the multi-year pattern of alternating inflows and outflows shows little consistency. Low financial risk, but no proof yet of an operating recovery.
Income Statement
38NegativeBalance Sheet
74PositiveCash Flow
46Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 776.97M | 690.27M | 591.17M | 599.74M | 748.39M | 588.44M |
| Gross Profit | 101.53M | 126.30M | 126.13M | 131.11M | 154.04M | 117.54M |
| EBITDA | -106.64M | -28.64M | 24.26M | 24.39M | 38.02M | 28.70M |
| Net Income | 10.11M | 36.42M | 5.26M | 11.32M | 6.29M | -1.92M |
Balance Sheet | ||||||
| Total Assets | 1.97B | 1.89B | 1.98B | 1.85B | 1.85B | 1.81B |
| Cash, Cash Equivalents and Short-Term Investments | 1.20B | 1.21B | 1.26B | 1.21B | 1.12B | 1.12B |
| Total Debt | 11.01M | 25.70M | 25.47M | 25.95M | 25.44M | 28.01M |
| Total Liabilities | 562.91M | 476.89M | 494.96M | 467.56M | 477.45M | 505.06M |
| Stockholders Equity | 1.29B | 1.28B | 1.35B | 1.25B | 1.23B | 1.16B |
Cash Flow | ||||||
| Free Cash Flow | -9.58M | 33.02M | -82.95M | 60.49M | -34.20M | -58.20M |
| Operating Cash Flow | -4.32M | 37.63M | -73.17M | 64.57M | -24.81M | -48.64M |
| Investing Cash Flow | 210.56M | 234.34M | 83.86M | 46.97M | -86.94M | -14.95M |
| Financing Cash Flow | -49.36M | -53.98M | -19.14M | -14.69M | -5.64M | -36.61M |
Ahoku Electronic Co. Peers Comparison
Overall Rating
TW:618561Neutral
TW:320656Neutral- TW:300245Neutral
TW:613443Neutral
TW:808532Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:6185 | 61Neutral | TWD 1.72B | -73.48 | ― | 3.44% | 32.52% | -171.96% |
| TW:3206 | 56Neutral | TWD 1.85B | 15.48 | ― | 4.80% | -0.47% | 1.25% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:3002 | 45Neutral | TWD 1.70B | -63.54 | ― | 1.96% | 26.21% | -162.58% |
| TW:6134 | 43Neutral | TWD 1.74B | 29.31 | ― | 0.92% | 37.45% | ― |
| TW:8085 | 32Underperform | TWD 1.73B | -10.08 | ― | ― | 0.80% | -102.86% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:3002 | Ahoku Electronic Co. | 16.85 | -8.38 | -33.21% | |
| TW:3206 | Kingstate Electronics Corp. | 31.25 | -0.69 | -2.15% | |
| TW:6134 | Wanshih Electronic Co., Ltd | 21.75 | -1.02 | -4.50% | |
| TW:6185 | Plastron Presicion Co., Ltd. | 11.40 | -3.77 | -24.84% | |
| TW:6272 | Wieson Technologies Co., Ltd. | 19.40 | -37.92 | -66.16% | |
| TW:8085 | Forward Electronics Co., Ltd. | 12.35 | -6.15 | -33.24% |
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