Grand Process Technology Corporation AI Stock Analysis
Grand Process Technology Corporation (3131) AI Stock Analysis
Grand Process Technology Corporation
(TPEx:3131)
The score is anchored by strong fundamentals: roughly 60% revenue growth, 57% earnings growth, 28% return on equity, and robust free cash flow that converts over 90% of net income. Offsetting this is a sharply deteriorating technical picture — the stock trades well below all major moving averages with a deeply negative MACD, signalling a sustained downtrend despite oversold momentum readings. Valuation is a modest positive, with a 25.5x P/E justified by growth and supported by a 3.2% dividend yield. Key risks to monitor are the four-point gross margin erosion, rising leverage (debt-to-equity 0.64), and the inherent cyclicality of semiconductor capital spending.
Grand Process Technology Corporation (3131) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 49.71B
- Dividend Yield
- 2.70%
- Average Volume (3M)
- 422.78K
- Price to Earnings (P/E)
- 28.9
- Beta (1Y)
- 1.40
- Revenue Growth
- 37.72%
- EPS Growth
- 73.19%
- Country
- TW
- Employees
- 200
- Sector
- General
- Sector Strength
- 55
- Industry
- Semiconductors
Grand Process Technology Corporation Business Overview & Revenue Model
Company Description
Operating from its headquarters in Hsinchu City, Taiwan, Grand Process Technology Corporation specializes in the full lifecycle of metal etching and wafer cleaning equipment. Founded in 1993, the company's services encompass initial design and develo...
Grand Process Technology Corporation Financial Statement Overview
Summary
Grand Process Technology posted an exceptional year: revenue up roughly 60% to NT$6.51bn, net income up about 57% to NT$1.33bn, operating margin improving to 26.6%, and return on equity reaching a period-best 28%. Cash conversion was strong, with free cash flow of NT$1.67bn covering about 92% of net income. Tempering this are a four-point gross margin decline to 41.2% (low end of its five-year range), a rapid build in leverage (debt-to-equity 0.64 versus 0.24 three years ago, equity funding only ~37% of assets), and a historically lumpy free cash flow profile tied to project cycles.
Income Statement
85Very PositiveBalance Sheet
70PositiveCash Flow
83Very Positive| Breakdown | TTM | Mar 2026 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.97B | 6.51B | 4.07B | 3.54B | 3.72B | 3.66B |
| Gross Profit | 2.72B | 2.68B | 1.85B | 1.49B | 1.62B | 1.56B |
| EBITDA | 1.84B | 1.86B | 1.15B | 862.92M | 1.05B | 949.27M |
| Net Income | 1.65B | 1.33B | 845.45M | 616.34M | 722.11M | 669.51M |
Balance Sheet | ||||||
| Total Assets | 15.36B | 12.94B | 10.36B | 7.69B | 6.91B | 6.15B |
| Cash, Cash Equivalents and Short-Term Investments | 6.01B | 5.66B | 4.11B | 2.69B | 2.27B | 2.03B |
| Total Debt | 4.61B | 3.03B | 1.97B | 1.53B | 820.80M | 681.71M |
| Total Liabilities | 12.17B | 8.17B | 5.79B | 3.98B | 3.51B | 2.99B |
| Stockholders Equity | 3.16B | 4.74B | 4.54B | 3.68B | 3.37B | 3.13B |
Cash Flow | ||||||
| Free Cash Flow | 611.22M | 1.67B | 1.04B | 70.64M | 561.10M | 545.35M |
| Operating Cash Flow | 1.80B | 1.82B | 1.39B | 764.46M | 817.97M | 631.40M |
| Investing Cash Flow | -638.17M | -2.19B | -1.09B | -753.32M | 420.75M | -185.59M |
| Financing Cash Flow | 519.72M | -43.66M | 511.52M | 239.30M | -407.60M | -226.79M |
Grand Process Technology Corporation Peers Comparison
Overall Rating
TW:246766Neutral- TW:313166Neutral
TW:341363Neutral
TW:358359Neutral
TW:368050Neutral
TW:246444Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:2467 | 66Neutral | TWD 50.73B | 25.46 | ― | 1.74% | 71.68% | 144.03% |
| TW:3131 | 66Neutral | TWD 49.68B | 28.86 | ― | 2.70% | 37.72% | 73.19% |
| TW:3413 | 63Neutral | TWD 28.73B | 12.62 | ― | 4.24% | 16.87% | -12.76% |
| TW:3583 | 59Neutral | TWD 40.40B | 28.85 | ― | 2.41% | 7.90% | 44.45% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:3680 | 50Neutral | TWD 40.32B | 28.76 | ― | 2.83% | 19.47% | 52.93% |
| TW:2464 | 44Neutral | TWD 35.47B | 47.13 | ― | 0.30% | 19.16% | ― |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:3131 | Grand Process Technology Corporation | 1705.00 | 325.39 | 23.59% | |
| TW:2464 | Mirle Automation Corp. | 156.00 | 93.34 | 148.97% | |
| TW:2467 | C Sun Mfg. Ltd. | 315.50 | 141.16 | 80.96% | |
| TW:3413 | Foxsemicon Integrated Technology Inc. | 259.00 | -43.10 | -14.27% | |
| TW:3583 | Scientech Corporation | 486.50 | 164.99 | 51.32% | |
| TW:3680 | Gudeng Precision Industrial Co., Ltd. | 421.00 | 79.84 | 23.40% |
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