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Browave Corporation (3163) AI Stock Analysis

TW:3163

Browave Corporation

(TPEx:3163)

Select Model
Rating:51Neutral
Price Target:TWD 397.00â–¼(-17.46% Downside)
Action:initiatedcoverage
Date:11/10/26

Strong balance sheet underpins the score but is offset by erratic cash flows, volatile revenue, and bearish technical signals with price well below moving averages.

Positive Factors
Conservative Balance SheetVery low leverage gives Browave a strong financial base and reduces the burden of interest and refinancing obligations. This should preserve flexibility to fund operations, invest in electronic-component solutions, and withstand periods of uneven demand without relying heavily on additional borrowing.
Negative Factors
Weak Cash ConversionHighly variable operating cash flow and weak recent free cash flow show that reported earnings are not consistently converting into cash. This can restrict reinvestment and shareholder distributions, while making results more sensitive to working-capital movements and reducing financial predictability.

Browave Corporation (3163) vs. SPDR S&P 500 ETF (SPY)

-100%0%100%200%300%400%500%TW:3163+141.07%SPY+14.30%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
TWD 47.51B
Dividend Yield
0.36%
Average Volume (3M)
2.30M
Price to Earnings (P/E)
59.8
Beta (1Y)
1.83
Revenue Growth
21.59%
EPS Growth
66.00%
Country
TW
Employees
83
Sector
General
Sector Strength
55
Industry
Communication Equipment

Browave Corporation Business Overview & Revenue Model

Company Description

Browave Corporation is a global enterprise specializing in the development, manufacturing, and marketing of essential fiber optic communication components. Based in Hsinchu City, Taiwan, and established in 1988, the company serves both domestic and i...

Browave Corporation Financial Statement Overview

Summary

Strong balance sheet with debt-to-equity at 0.05 and steady equity growth provides stability, but volatile revenue, inconsistent EBIT margins, and unreliable cash flows create notable risks.

Income Statement

62Positive

Balance Sheet

88Very Positive

Cash Flow

38Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue2.41B2.23B1.94B2.78B3.21B2.30B
Gross Profit429.93M402.12M278.77M556.42M794.96M365.73M
EBITDA220.68M232.76M634.35M642.47M571.00M214.42M
Net Income789.49M501.15M463.07M435.78M451.58M81.64M
Balance Sheet
Total Assets4.39B3.96B3.64B3.56B3.37B2.88B
Cash, Cash Equivalents and Short-Term Investments2.30B2.39B2.25B2.31B1.79B1.35B
Total Debt175.63M167.51M327.88M46.45M360.41M391.43M
Total Liabilities1.10B887.78M802.39M945.00M1.16B1.07B
Stockholders Equity3.29B3.07B2.84B2.62B2.21B1.81B
Cash Flow
Free Cash Flow-286.59M-376.00K-205.31M672.98M538.88M-57.63M
Operating Cash Flow14.01M149.09M-133.55M776.06M617.27M-1.09M
Investing Cash Flow-127.80M-191.86M465.70M-685.84M-498.69M329.99M
Financing Cash Flow-283.21M-273.79M-315.38M-343.18M-130.82M-177.49M

Browave Corporation Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TW:3163 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
TW:4979TW:497961NeutralTWD 54.47B58.49―0.54%23.09%43.10%
TW:3450TW:345059NeutralTWD 53.83B77.13―0.27%-1.56%-16.64%
TW:8021TW:802157NeutralTWD 54.28B55.90―0.49%70.02%257.46%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
TW:4991TW:499154NeutralTWD 42.26B81.53――52.19%―
TW:3163TW:316351NeutralTWD 45.09B59.78―0.36%21.59%66.00%
TW:3363TW:336346NeutralTWD 46.71B-351.26――-3.20%-2090.12%

* General Sector Average

Performance Comparison

0%100%200%300%400%TW:3163TW:3363TW:3450TW:4979TW:4991TW:8021Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TW:3163 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TW:3163Browave Corporation481.00288.26149.56%
TW:3363FOCI Fiber Optic Communications, Inc.410.0059.6617.03%
TW:3450Elite Advanced Laser Corporation372.00123.5049.70%
TW:4979Luxnet Corporation396.00200.51102.57%
TW:4991GCS Holdings, Inc.357.00198.08124.64%
TW:8021Topoint Technology Co., Ltd.394.50270.15217.25%
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