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Asix Electronics Co. Ltd. (3169) AI Stock Analysis

TW:3169

Asix Electronics Co. Ltd.

(TPEx:3169)

Select Model
Rating:73Outperform
Price Target:TWD 98.00â–²(5.60% Upside)
Action:initiatedcoverage
Date:11/10/26

The score is primarily supported by excellent financial strength, exceptionally low leverage, and healthy cash generation. Moderate valuation and dividend income provide additional support, while bearish technical momentum weighs materially on the result.

Positive Factors
Strong ProfitabilityASIX maintains strong gross and net margins, indicating effective cost control and pricing power in its semiconductor businesses. This profitability provides internal funding for product development and supports resilience across the next several quarters, even as industry demand cycles fluctuate.
Negative Factors
Cyclical Revenue GrowthThe recovery in revenue remains modest relative to the earlier contraction, demonstrating that ASIX’s demand environment is cyclical rather than steadily expanding. Uneven top-line performance can limit operating leverage and make future earnings growth less predictable over the next several quarters.

Asix Electronics Co. Ltd. (3169) vs. SPDR S&P 500 ETF (SPY)

-10%0%10%20%30%40%TW:3169+7.75%SPY+14.30%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
TWD 5.86B
Dividend Yield
3.45%
Average Volume (3M)
245.81K
Price to Earnings (P/E)
24.1
Beta (1Y)
0.94
Revenue Growth
4.81%
EPS Growth
4.09%
Country
TW
Employees
81
Sector
General
Sector Strength
55
Industry
Semiconductors

Asix Electronics Co. Ltd. Business Overview & Revenue Model

Company Description

ASIX Electronics Corporation, a prominent integrated circuit (IC) design firm, specializes in crafting innovative networking and connectivity solutions for industrial and embedded systems. The company's extensive product portfolio includes a variety...

Asix Electronics Co. Ltd. Financial Statement Overview

Summary

Strong financial profile supported by high profitability, exceptional balance-sheet strength, very low leverage, and healthy free-cash-flow generation. The score is moderated by profitability, operating cash flow, and returns remaining below prior peaks.

Income Statement

85Very Positive

Balance Sheet

97Very Positive

Cash Flow

88Very Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue976.85M929.57M852.62M887.62M1.34B1.32B
Gross Profit524.37M494.83M435.88M474.48M764.67M754.57M
EBITDA289.86M291.29M286.12M303.89M530.03M495.29M
Net Income246.94M231.50M215.44M230.33M415.67M384.12M
Balance Sheet
Total Assets2.06B2.01B1.94B1.94B2.11B2.01B
Cash, Cash Equivalents and Short-Term Investments1.67B1.71B1.65B1.56B1.65B1.56B
Total Debt11.18M10.91M10.88M12.35M12.33M13.82M
Total Liabilities228.66M181.45M169.41M196.47M295.65M355.08M
Stockholders Equity1.84B1.83B1.77B1.74B1.82B1.65B
Cash Flow
Free Cash Flow263.07M260.37M299.05M252.52M391.57M468.83M
Operating Cash Flow283.94M294.62M323.13M293.38M422.68M483.77M
Investing Cash Flow-42.70M-39.77M-224.09M-36.03M581.31M-343.53M
Financing Cash Flow-203.56M-190.42M-221.44M-346.48M-313.34M339.14M

Asix Electronics Co. Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TW:3169 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
TW:3169TW:316973OutperformTWD 5.84B24.14―3.45%4.81%4.09%
TW:3694TW:369467NeutralTWD 6.47B10.10―5.69%15.44%18.33%
TW:2397TW:239756NeutralTWD 6.35B16.95―4.31%16.92%-16.99%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
TW:3558TW:355845NeutralTWD 6.20B50.48―2.90%-3.32%-69.25%
TW:8040TW:804044NeutralTWD 6.60B787.78――13.49%―
TW:3062TW:306243NeutralTWD 6.39B-9.39――-1.21%-212.49%

* General Sector Average

Performance Comparison

0%50%100%150%TW:3169TW:2397TW:3062TW:3558TW:3694TW:8040Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TW:3169 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TW:3169Asix Electronics Co. Ltd.92.806.097.03%
TW:2397DFI Inc.56.90-1.31-2.26%
TW:3062CyberTAN Technology, Inc.18.60-6.75-26.63%
TW:3558Senao Networks, Inc.103.50-26.92-20.64%
TW:3694AzureWave Technologies, Inc.40.45-23.18-36.43%
TW:8040IC Plus Corp.70.2020.4040.96%
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