Ardentec Corporation AI Stock Analysis
Ardentec Corporation (3264) AI Stock Analysis
Ardentec Corporation
(TPEx:3264)
Ardentec earns a moderate score. Fundamentals are the main support: a strong cyclical upswing has lifted revenue, pushed gross margin above 40%, and restored ROE above 21%. However, heavy capacity investment has driven free cash flow sharply negative and lifted debt-to-equity to a five-year high of 0.76, while cash conversion has weakened. The bigger drag is technical — the share price has fallen well below every major moving average with a deeply negative MACD and severely oversold momentum readings, signalling that the market is already discounting a potential cycle peak. Valuation partly offsets this, with a reasonable 19x P/E and a 2.55% dividend yield.
Ardentec Corporation (3264) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 85.09B
- Dividend Yield
- 2.19%
- Average Volume (3M)
- 13.46M
- Price to Earnings (P/E)
- 20.5
- Beta (1Y)
- 1.46
- Revenue Growth
- 31.88%
- EPS Growth
- 80.58%
- Country
- TW
- Employees
- 2,983
- Sector
- General
- Sector Strength
- 55
- Industry
- Semiconductors
Ardentec Corporation Business Overview & Revenue Model
Company Description
Ardentec Corporation, established in Hsinchu City, Taiwan in 1999, delivers specialized semiconductor testing services globally. The company offers comprehensive solutions for testing various integrated circuits, including memory, logic, and mixed-si...
Ardentec Corporation Financial Statement Overview
Summary
Earnings momentum is the standout strength: TTM revenue of ~NT$17.65bn is up ~11%, gross margin has expanded to 40.8% from 28.1% in 2024, net margin is near 25%, and return on equity has recovered to 21.1%. The balance sheet is adequate but increasingly geared, with debt-to-equity at 0.76 — the highest in the five-year period — as the company funds a large capacity build. Cash flow is the weakest link: operating cash flow of ~NT$7.24bn covers only 0.74x net income, and capital spending of ~NT$11.3bn has driven free cash flow to roughly NT$-4.03bn. Strong operating results in a cyclical upswing, tempered by rising leverage and negative free cash flow.
Income Statement
82Very PositiveBalance Sheet
68PositiveCash Flow
55Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 17.65B | 14.03B | 13.10B | 14.05B | 14.50B | 11.93B |
| Gross Profit | 7.21B | 5.09B | 3.68B | 4.87B | 5.92B | 4.43B |
| EBITDA | 8.36B | 7.02B | 6.78B | 7.64B | 8.01B | 6.39B |
| Net Income | 4.40B | 2.84B | 2.10B | 2.75B | 3.55B | 2.58B |
Balance Sheet | ||||||
| Total Assets | 48.56B | 34.82B | 33.69B | 32.99B | 31.03B | 26.32B |
| Cash, Cash Equivalents and Short-Term Investments | 7.48B | 4.56B | 5.39B | 4.38B | 4.63B | 3.48B |
| Total Debt | 18.41B | 11.74B | 12.53B | 11.92B | 10.86B | 9.06B |
| Total Liabilities | 24.20B | 15.58B | 15.39B | 15.37B | 14.50B | 12.31B |
| Stockholders Equity | 24.36B | 19.25B | 18.30B | 17.61B | 16.53B | 14.01B |
Cash Flow | ||||||
| Free Cash Flow | -4.03B | 1.85B | 2.55B | 692.22M | 727.13M | -481.35M |
| Operating Cash Flow | 7.24B | 5.72B | 6.37B | 6.16B | 6.96B | 5.60B |
| Investing Cash Flow | -9.97B | -2.86B | -4.62B | -6.03B | -6.58B | -5.68B |
| Financing Cash Flow | 6.70B | -2.79B | -1.68B | -1.03B | 264.85M | 556.04M |
Ardentec Corporation Peers Comparison
Overall Rating
TW:244168Neutral
TW:625763Neutral- TW:326462Neutral
TW:614761Neutral
TW:815043Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:2441 | 68Neutral | TWD 61.72B | 16.59 | ― | 2.77% | 24.12% | 55.55% |
| TW:6257 | 63Neutral | TWD 86.62B | 21.04 | ― | 2.37% | 17.57% | 74.17% |
| TW:3264 | 62Neutral | TWD 90.99B | 20.47 | ― | 2.19% | 31.88% | 80.58% |
| TW:6147 | 61Neutral | TWD 126.21B | 31.01 | ― | 1.65% | 18.47% | 40.84% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:8150 | 43Neutral | TWD 56.50B | 26.66 | ― | 1.53% | 28.18% | 1244.96% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:3264 | Ardentec Corporation | 192.00 | 103.17 | 116.13% | |
| TW:2441 | Greatek Electronics, Inc. | 108.50 | 33.95 | 45.54% | |
| TW:6147 | Chipbond Technology Corporation | 169.50 | 113.00 | 200.02% | |
| TW:6257 | Sigurd Microelectronics Corp. | 179.00 | 81.94 | 84.41% | |
| TW:7856 | Hermes Testing Solutions Inc. | 2505.00 | 1750.18 | 231.87% | |
| TW:8150 | ChipMOS Technologies, Inc. | 80.20 | 36.76 | 84.61% |
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