Powercom Co., Ltd. AI Stock Analysis
Powercom Co., Ltd. (3043) AI Stock Analysis
Powercom Co., Ltd.
(TWSE:3043)
Powercom scores poorly, driven primarily by a sharp fundamental downturn: a 36% revenue decline from 2023, a swing to operating and net losses, and a NT$183 million free cash flow burn funded by rapidly rising debt. Technicals reinforce the caution, with the price below all major moving averages and negative MACD, though deeply oversold RSI and Stochastic readings suggest the selling may be stretched near term. Valuation provides no cushion — earnings are negative and no dividend is paid. The modest positives are stable ~21% gross margins, a strengthened NT$814 million equity base and still-moderate 0.75x leverage, which buy management time, but a sustainable re-rating requires revenue stabilization and a return to positive operating cash flow.
Powercom Co., Ltd. (3043) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 697.67M
- Dividend Yield
- ―
- Average Volume (3M)
- 81.79K
- Price to Earnings (P/E)
- -10.5
- Beta (1Y)
- 0.79
- Revenue Growth
- -16.13%
- EPS Growth
- -785.36%
- Country
- TW
- Employees
- 400
- Sector
- General
- Sector Strength
- 55
- Industry
- Electrical Equipment & Parts
Powercom Co., Ltd. Business Overview & Revenue Model
Company Description
Powercom Co., Ltd. specializes in delivering power management solutions to clients both within Taiwan and across global markets. Its comprehensive product portfolio encompasses a diverse array of uninterruptible power supply (UPS) units, including on...
Powercom Co., Ltd. Financial Statement Overview
Summary
Financials are deteriorating across the board. Revenue has fallen roughly 36% from its 2023 peak to NT$854 million, operating results swung to a NT$18.6 million loss and the bottom line to a NT$104 million loss (-12.2% net margin). Cash flow is the weakest link: operating cash flow reversed to a NT$169 million outflow and free cash flow to -NT$183 million, a burn larger than the reported loss, signalling poor earnings quality. The balance sheet offers partial offset — equity grew to NT$814 million and leverage is moderate at 0.75x — but total debt has nearly quadrupled in three years and is now funding losses rather than growth, with ROE negative at -12.8%. Stable ~21% gross margins are the one encouraging sign that core product economics remain intact.
Income Statement
24NegativeBalance Sheet
47NeutralCash Flow
18Very Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 826.40M | 854.12M | 882.49M | 1.33B | 1.26B | 998.24M |
| Gross Profit | 169.32M | 177.76M | 189.43M | 279.66M | 293.38M | 166.31M |
| EBITDA | 20.04M | -1.14M | 73.79M | 38.78M | 133.62M | 22.53M |
| Net Income | -68.04M | -104.08M | 37.19M | -4.82M | 103.56M | 23.27M |
Balance Sheet | ||||||
| Total Assets | 1.92B | 1.86B | 1.59B | 1.28B | 1.44B | 1.17B |
| Cash, Cash Equivalents and Short-Term Investments | 212.93M | 211.86M | 278.98M | 259.37M | 149.23M | 61.27M |
| Total Debt | 667.31M | 613.68M | 423.18M | 167.44M | 201.33M | 158.43M |
| Total Liabilities | 1.20B | 1.07B | 982.37M | 887.96M | 1.04B | 1.07B |
| Stockholders Equity | 736.27M | 813.89M | 632.72M | 424.25M | 430.45M | 130.99M |
Cash Flow | ||||||
| Free Cash Flow | -202.59M | -183.42M | 81.85M | 126.17M | 11.31M | -45.77M |
| Operating Cash Flow | -193.33M | -168.51M | 82.49M | 130.92M | 20.69M | -33.00M |
| Investing Cash Flow | -173.51M | -80.85M | -657.00K | -2.11M | 49.47M | 19.23M |
| Financing Cash Flow | 301.55M | 172.35M | -60.25M | -18.54M | 25.01M | -4.40M |
Powercom Co., Ltd. Peers Comparison
Overall Rating
TW:242444Neutral
TW:325940Underperform
TW:151639Underperform
TW:327239Underperform
TW:808734Underperform- TW:304332Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:2424 | 44Neutral | TWD 709.06M | -7.29 | ― | ― | -12.97% | 8.82% |
| TW:3259 | 40Underperform | TWD 669.83M | -3.87 | ― | ― | 17.28% | 5.27% |
| TW:1516 | 39Underperform | TWD 553.65M | 3548.08 | ― | ― | -10.15% | ― |
| TW:3272 | 39Underperform | TWD 691.22M | -1.26 | ― | ― | -11.96% | -68.38% |
| TW:8087 | 34Underperform | TWD 730.41M | 15604.00 | ― | 5.29% | 81.74% | ― |
| TW:3043 | 32Underperform | TWD 715.20M | -10.48 | ― | ― | -16.13% | -785.36% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:3043 | Powercom Co., Ltd. | 18.25 | -4.35 | -19.25% | |
| TW:1516 | Falcon Power Co., Ltd. | 18.75 | -4.11 | -18.00% | |
| TW:2424 | Lung Hwa Electronics Co., Ltd. | 11.95 | -27.85 | -69.97% | |
| TW:3259 | Solid State System Co., Ltd. | 9.18 | -14.32 | -60.94% | |
| TW:3272 | Good Way Technology Co., Ltd. | 11.00 | -9.90 | -47.37% | |
| TW:8087 | Leadsun Greentech Corporation | 19.90 | -17.80 | -47.21% |
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