Grand Process Technology Corporation (3131) AI Stock Analysis

Grand Process Technology Corporation

(TPEx:3131)

Select Model

Rating:71Outperform

Price Target:TWD 1,591.00▼(-9.86% Downside)

Action:initiatedcoverage

Date:11/10/26

Strong financial performance is the primary strength, supported by robust margins, earnings growth, and free cash flow. The score is reduced by significant technical weakness and a relatively high P/E ratio, partly offset by the dividend yield.

Positive Factors

Accelerating Revenue GrowthRevenue growth accelerated sharply after near-stagnation in 2024 and contraction in 2023. This indicates stronger recent demand for the company’s engineering and plant solutions, supporting broader operating scale and a more durable growth foundation over the next several quarters.

Negative Factors

Rising LeverageDebt has risen materially relative to equity over several years, making the balance sheet more debt-funded. Greater leverage can reduce financial flexibility and increase exposure to earnings pressure if the semiconductor cycle weakens or project profitability becomes less favorable.

Grand Process Technology Corporation (3131) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 49.85B
Dividend Yield: 2.61%
Average Volume (3M): 414.82K
Price to Earnings (P/E): 29.9
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

Strong profitability, earnings growth, return on equity, and free cash flow support the score. Higher debt and a weaker debt-to-equity profile are the main risks.

Income Statement

88Very Positive

Balance Sheet

78Positive

Cash Flow

85Very Positive

Financial statement breakdown
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

UnderperformOutperform

Sector (55)

Financial Indicators

TW:3131 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:3131	71Outperform	TWD 49.68B	29.86	―	2.61%	37.72%	73.19%
TW:2467	66Neutral	TWD 50.73B	26.03	―	1.71%	71.68%	144.03%
TW:3413	63Neutral	TWD 28.73B	12.54	―	4.21%	16.87%	-12.76%
TW:3583	59Neutral	TWD 40.40B	27.47	―	2.33%	7.90%	44.45%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:3680	50Neutral	TWD 40.32B	28.70	―	3.42%	39.67%	157.45%
TW:2464	44Neutral	TWD 35.47B	49.24	―	0.29%	19.16%	―

* General Sector Average

Performance Comparison

TW:3131 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:3131	Grand Process Technology Corporation	1765.00	409.94	30.25%
TW:2464	Mirle Automation Corp.	163.00	101.63	165.60%
TW:2467	C Sun Mfg. Ltd.	322.50	152.61	89.83%
TW:3413	Foxsemicon Integrated Technology Inc.	261.00	-33.35	-11.33%
TW:3583	Scientech Corporation	505.00	192.41	61.55%
TW:3680	Gudeng Precision Industrial Co., Ltd.	435.50	99.76	29.72%

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

Grand Process Technology Corporation AI Stock Analysis