Holy Stone Enterprise Co., Ltd. AI Stock Analysis
Holy Stone Enterprise Co., Ltd. (3026) AI Stock Analysis
Holy Stone Enterprise Co., Ltd.
(TWSE:3026)
Holy Stone earns a middling score. Its financial foundation is solid — low leverage, a majority-equity capital structure, and strong free cash flow generation — and profitability is recovering, with operating profit and margins rebounding off the cycle bottom. However, revenue and margins remain well below 2021 peaks, keeping returns on equity in the low double digits. The bigger drag is technical: the stock has fallen sharply below all key moving averages with negative MACD momentum, while a high beta amplifies risk. Valuation adds caution, as a 38x P/E and 1.2% yield leave limited margin for error if the earnings recovery stalls.
Holy Stone Enterprise Co., Ltd. (3026) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 85.77B
- Dividend Yield
- 1.03%
- Average Volume (3M)
- 10.49M
- Price to Earnings (P/E)
- 44.1
- Beta (1Y)
- 2.38
- Revenue Growth
- 17.07%
- EPS Growth
- 110.82%
- Country
- TW
- Employees
- 1,331
- Sector
- General
- Sector Strength
- 55
- Industry
- Hardware, Equipment & Parts
Holy Stone Enterprise Co., Ltd. Business Overview & Revenue Model
Company Description
Holy Stone Enterprise Co.,Ltd., a Taiwanese firm, manufactures and supplies multilayer ceramic capacitors (MLCCs) marketed under its IHHEC brand. These MLCCs are integral to various applications, including Power over Ethernet (PoE) circuits, switchin...
Holy Stone Enterprise Co., Ltd. Financial Statement Overview
Summary
A conservative balance sheet (score 74) is the standout: equity funds ~63% of assets, debt-to-equity is a modest 0.36, and ROE improved to 10.8%. Cash flow (71) is healthy, with operating cash flow covering net income ~1.2x and free cash flow of NT$1.07 billion representing the best profit-to-cash conversion in six years, though operating cash flow dipped from the prior year on higher working capital. The income statement (62) is the weak link: revenue rose ~5% to NT$13.4 billion and operating profit nearly doubled to NT$1.08 billion, but sales, gross margin (18.3%) and net margin (8.1%) all remain well below the 2021 peak, underscoring the cyclicality of earnings.
Income Statement
62PositiveBalance Sheet
74PositiveCash Flow
71Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.47B | 13.43B | 12.79B | 13.24B | 15.07B | 16.60B |
| Gross Profit | 3.10B | 2.45B | 2.09B | 2.29B | 3.13B | 3.68B |
| EBITDA | 2.39B | 1.81B | 1.88B | 1.61B | 2.08B | 2.62B |
| Net Income | 1.70B | 1.09B | 973.27M | 850.50M | 1.23B | 1.95B |
Balance Sheet | ||||||
| Total Assets | 17.72B | 16.19B | 15.83B | 15.03B | 16.11B | 16.27B |
| Cash, Cash Equivalents and Short-Term Investments | 5.77B | 5.58B | 5.11B | 3.44B | 3.60B | 4.41B |
| Total Debt | 3.17B | 3.64B | 3.33B | 3.06B | 3.78B | 3.43B |
| Total Liabilities | 7.18B | 5.79B | 5.45B | 5.00B | 6.04B | 6.19B |
| Stockholders Equity | 10.33B | 10.15B | 9.98B | 9.83B | 9.70B | 9.86B |
Cash Flow | ||||||
| Free Cash Flow | 524.93M | 1.07B | 1.16B | 965.32M | 205.86M | 120.58M |
| Operating Cash Flow | 1.13B | 1.35B | 1.61B | 1.60B | 1.24B | 1.58B |
| Investing Cash Flow | -557.79M | -355.31M | 145.95M | -448.20M | -1.01B | -1.59B |
| Financing Cash Flow | -1.43B | -617.94M | -379.38M | -1.44B | -861.15M | -462.96M |
Holy Stone Enterprise Co., Ltd. Peers Comparison
Overall Rating
TW:309061Neutral
TW:627859Neutral- TW:302656Neutral
TW:349154Neutral
TW:811252Neutral
TW:249251Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:3090 | 61Neutral | TWD 39.11B | 16.26 | ― | 3.43% | 28.25% | 67.56% |
| TW:6278 | 59Neutral | TWD 63.74B | 21.85 | ― | 2.33% | 5.43% | 16.09% |
| TW:3026 | 56Neutral | TWD 84.60B | 44.12 | ― | 1.03% | 17.07% | 110.82% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:3491 | 54Neutral | TWD 89.88B | 121.16 | ― | 0.47% | 61.31% | 111.10% |
| TW:8112 | 52Neutral | TWD 43.35B | 4.03 | ― | 4.56% | 148.84% | 1132.71% |
| TW:2492 | 51Neutral | TWD 139.69B | 32.36 | ― | 0.87% | 20.39% | 136.52% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:3026 | Holy Stone Enterprise Co., Ltd. | 561.00 | 452.20 | 415.65% | |
| TW:2492 | Walsin Technology Corporation | 288.00 | 158.19 | 121.86% | |
| TW:3090 | Nichidenbo Corp. | 140.00 | 47.92 | 52.04% | |
| TW:3491 | Universal Microwave Technology, Inc. | 1435.00 | 969.95 | 208.57% | |
| TW:6278 | Taiwan Surface Mounting Technology Corp. | 238.50 | 136.91 | 134.76% | |
| TW:8112 | Supreme Electronics Co., Ltd. | 83.40 | 7.89 | 10.45% |
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