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Apex Science & Engineering Corp. (3052) AI Stock Analysis

TW:3052

Apex Science & Engineering Corp.

(TWSE:3052)

Select Model
Rating:69Neutral
Price Target:TWD 11.00â–²(4.76% Upside)
Action:initiatedcoverage
Date:11/10/26

The score is supported by attractive valuation and generally improving financial performance, but is reduced by weak technical momentum, declining margins, leverage, and cash-flow volatility.

Positive Factors
Improved Capital StructureThe substantial reduction in debt-to-equity indicates improved financial flexibility and a healthier capital structure. Lower leverage can reduce balance-sheet pressure, support continued investment, and improve resilience if engineering and construction activity becomes less favorable over the next several quarters.
Negative Factors
Uneven Revenue GrowthThe latest revenue rebound is encouraging, but the broader pattern remains inconsistent rather than steadily expanding. Uneven top-line performance reduces visibility into future workloads and makes it harder to plan capacity, sustain operating leverage, or confidently compound earnings over several quarters.

Apex Science & Engineering Corp. (3052) vs. SPDR S&P 500 ETF (SPY)

-10%-5%0%5%10%15%20%TW:3052-2.23%SPY+14.28%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
TWD 2.14B
Dividend Yield
5.71%
Average Volume (3M)
298.11K
Price to Earnings (P/E)
9.4
Beta (1Y)
0.25
Revenue Growth
9.24%
EPS Growth
-3.77%
Country
TW
Employees
208
Sector
General
Sector Strength
55
Industry
Engineering & Construction

Apex Science & Engineering Corp. Business Overview & Revenue Model

Company Description

Apex Science & Engineering Corp. is an internationally operating enterprise specializing in a diverse range of engineering, construction, and manufacturing services. The company delivers comprehensive engineering solutions, encompassing mechanical, e...

Apex Science & Engineering Corp. Financial Statement Overview

Summary

Improving 2025 revenue, earnings, leverage, and cash generation support a solid score. Declining margins, meaningful debt, modest ROE, and volatile cash-flow growth limit upside.

Income Statement

72Positive

Balance Sheet

70Positive

Cash Flow

68Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue3.42B3.42B2.66B3.48B2.95B3.61B
Gross Profit355.25M430.19M361.00M387.92M367.21M204.91M
EBITDA235.72M323.15M290.75M282.54M271.32M139.97M
Net Income228.04M224.19M199.73M204.79M206.93M102.74M
Balance Sheet
Total Assets11.65B13.48B10.03B7.63B9.37B8.17B
Cash, Cash Equivalents and Short-Term Investments1.14B847.51M612.25M239.60M303.61M297.60M
Total Debt865.99M2.85B4.31B3.33B2.99B2.81B
Total Liabilities8.03B9.87B6.54B4.28B6.15B5.08B
Stockholders Equity3.53B3.51B3.40B3.26B3.14B3.00B
Cash Flow
Free Cash Flow1.73B1.79B373.22M1.23B396.75M543.21M
Operating Cash Flow1.74B1.80B377.02M1.24B403.05M544.89M
Investing Cash Flow-42.55M214.99M-1.24B-1.49B-580.61M-566.04M
Financing Cash Flow-1.85B-1.57B884.11M254.36M119.51M109.53M

Apex Science & Engineering Corp. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TW:3052 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
TW:3052TW:305269NeutralTWD 2.12B9.38―5.71%9.24%-3.77%
TW:3521TW:352156NeutralTWD 2.08B7.16――-90.52%―
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
TW:5455TW:545548NeutralTWD 1.96B-49.48――-99.39%-109.36%
TW:3489TW:348943NeutralTWD 2.04B7793.10―13.27%-56.20%―
TW:1325TW:132541NeutralTWD 2.16B-42.66―1.19%-21.19%47.07%
TW:6222TW:622239UnderperformTWD 2.09B-61.24――-38.69%20.60%

* General Sector Average

Performance Comparison

-20%0%20%40%TW:3052TW:1325TW:3489TW:3521TW:5455TW:6222Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TW:3052 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TW:3052Apex Science & Engineering Corp.10.50-0.29-2.65%
TW:1325Universal Incorporation25.30-5.95-19.04%
TW:3489Sun Brothers Development Co., Ltd.22.605.9135.43%
TW:3521TSG Development Co., Ltd.11.10-0.90-7.50%
TW:5455Sheng Yi Development Co.,Ltd31.102.107.24%
TW:6222Li Hsuan Development & Construction Co., Ltd.18.30-1.60-8.04%
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 10, 2026