Billion Electric Co., Ltd. (3027) AI Stock Analysis

Billion Electric Co., Ltd.

(TWSE:3027)

Select Model

Rating:47Neutral

Price Target:TWD 15.50▼(-1.59% Downside)

Action:initiatedcoverage

Date:11/09/26

Billion Electric scores below average, driven primarily by deteriorating profitability: gross margin has halved since 2020, operating margin is negative, and losses widened to NT$121M in the latest year. This is partly offset by a fortress balance sheet — debt is a token 4% of equity — and a strong free cash flow rebound to NT$257M, which provides a cushion and a runway for a turnaround. Technicals reinforce caution, with the share price below all major moving averages and a negative MACD, though deeply oversold RSI and Stochastic readings suggest selling may be stretched. Valuation adds no support given the negative P/E and absence of a dividend. Until margins and operating profitability stabilize, the strong liquidity position acts as downside protection rather than a growth catalyst.

Positive Factors

Conservative balance sheetVery low leverage gives Billion Electric greater financial flexibility while it manages recent losses. A sizable equity base can help absorb volatility and preserve capacity to fund operations, product development, or strategic investments without relying heavily on new borrowing.

Negative Factors

Severe profitability deteriorationThe shift into losses and the larger 2025 deficit weaken the company’s ability to self-fund growth and reduce the reliability of its earnings base. Continued losses could erode equity over time and force management to prioritize stabilization over expansion.

Billion Electric Co., Ltd. (3027) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 2.01B
Dividend Yield: ―
Average Volume (3M): 233.63K
Price to Earnings (P/E): -16.1
Beta (1Y): 0.82
Revenue Growth: -41.51%
EPS Growth: -102.45%
Country: TW
Employees: 632
Sector: General
Sector Strength: 55
Industry: Conglomerates

Billion Electric Co., Ltd. Business Overview & Revenue Model

Company Description

Billion Electric Co., Ltd., founded in 1973 and situated in New Taipei City, Taiwan, operates as a global enterprise. The company is engaged in the creation, manufacturing, and international distribution of an extensive array of power and connectivit...

Billion Electric Co., Ltd. Financial Statement Overview

Summary

A tale of two halves. The balance sheet (76) is a genuine strength: debt was cut from NT$418M to NT$94M, leaving a debt-to-equity ratio of just 0.04, with equity of ~NT$2.14B funding about 75% of assets. Cash flow (64) also improved markedly, with operating cash flow surging to NT$277M and free cash flow turning positive at NT$257M after four years of burn. However, the income statement (28) is the dominant drag: gross margin has compressed every year from 38.8% in 2020 to 17.2% most recently, operating margin is negative at -3.2%, and the company swung from a NT$71M profit in 2023 to a NT$121M loss in the latest year, with EBITDA collapsing to NT$6M. Revenue growth is real but is not converting into earnings, and a 27% contraction in total assets plus -5.7% ROE point to weak asset productivity.

Income Statement

28Negative

Balance Sheet

76Positive

Cash Flow

64Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.43B	2.11B	2.02B	1.83B	1.21B	1.05B
Gross Profit	283.86M	362.69M	414.19M	399.61M	297.20M	322.07M
EBITDA	-1.23M	6.21M	123.76M	216.08M	118.02M	114.38M
Net Income	-112.73M	-121.40M	-24.75M	71.15M	39.91M	27.00M
Balance Sheet
Total Assets	2.99B	2.85B	3.88B	3.63B	3.31B	2.59B
Cash, Cash Equivalents and Short-Term Investments	643.11M	656.29M	788.05M	963.45M	690.69M	738.45M
Total Debt	137.00M	93.91M	418.21M	274.38M	781.08M	481.53M
Total Liabilities	714.91M	552.80M	1.40B	1.26B	1.58B	1.03B
Stockholders Equity	2.14B	2.14B	2.11B	2.17B	1.57B	1.50B
Cash Flow
Free Cash Flow	105.06M	257.18M	-155.06M	-307.41M	-117.80M	-20.87M
Operating Cash Flow	116.03M	277.43M	12.45M	-207.77M	68.82M	18.52M
Investing Cash Flow	-130.33M	-3.32M	-253.94M	13.84M	-130.29M	9.29M
Financing Cash Flow	-30.25M	-377.77M	21.03M	398.75M	13.54M	-33.86M

Billion Electric Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:3027 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:5353	63Neutral	TWD 2.03B	14.48	―	3.77%	8.57%	23.03%
TW:4905	56Neutral	TWD 2.30B	6.61	―	1.87%	26.29%	―
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:8072	54Neutral	TWD 1.85B	14.47	―	4.32%	27.49%	64.48%
TW:3027	47Neutral	TWD 2.02B	-16.07	―	―	-41.51%	-102.45%
TW:5484	33Underperform	TWD 2.03B	22.36	―	―	77.09%	―

* General Sector Average

Performance Comparison

TW:3027 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:3027	Billion Electric Co., Ltd.	15.75	-8.45	-34.92%
TW:4905	Tainet Communication System Corp.	80.40	14.22	21.49%
TW:5353	Tailyn Technologies, Inc.	26.50	2.67	11.22%
TW:5484	EverFocus Electronics Co. Ltd.	30.35	-7.85	-20.55%
TW:7945	Qsan Technology, Inc.	192.50	-102.50	-34.75%
TW:8072	AV Tech Corporation	23.15	-8.57	-27.01%

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

Billion Electric Co., Ltd. AI Stock Analysis