Megaforce Co. Ltd. AI Stock Analysis
Megaforce Co. Ltd. (3294) AI Stock Analysis
Megaforce Co. Ltd.
(TPEx:3294)
The score is held down primarily by deteriorating fundamentals: shrinking revenue, compressed gross margins, a swing back into net loss, and free cash flow turning negative as capital spending outpaced weakening operating cash flow. A conservatively managed balance sheet, with debt nearly halved since 2021 and modest leverage, is the main offsetting strength and limits near-term solvency risk. Technicals reinforce caution, with the stock trading far below all key moving averages and negative MACD, though deeply oversold RSI and Stochastic readings suggest scope for a short-term bounce. Valuation provides little support given negative earnings and no dividend. A stabilization in revenue and margin recovery would be the key signals of a turnaround.
Megaforce Co. Ltd. (3294) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 3.35B
- Dividend Yield
- ―
- Average Volume (3M)
- 500.37K
- Price to Earnings (P/E)
- -61.5
- Beta (1Y)
- 0.92
- Revenue Growth
- -7.94%
- EPS Growth
- -41.30%
- Country
- TW
- Employees
- 278
- Sector
- General
- Sector Strength
- 55
- Industry
- Hardware, Equipment & Parts
Megaforce Co. Ltd. Business Overview & Revenue Model
Company Description
Megaforce Company Limited, founded in 1991 and headquartered in New Taipei City, Taiwan, is a global enterprise specializing in advanced plastic components and opto-mechatronic services. The company's operations extend across Taiwan, China, Mexico, a...
Megaforce Co. Ltd. Financial Statement Overview
Summary
Megaforce shows a weak earnings profile: revenue has fallen roughly 17% to about NT$3.6 billion, gross margin compressed to 13.9%, and the company swung back to an operating and net loss after a brief profitable year. Losses in three of the last six years point to structurally thin margins and limited pricing power. The balance sheet is the clear bright spot, with debt nearly halved since 2021, modest leverage of about 0.44x equity and equity funding roughly 46% of assets. However, cash flow deteriorated sharply, with operating cash flow down to about NT$82 million and free cash flow turning negative at roughly -NT$190 million as capital spending outpaced inflows. Financially stable, but currently unprofitable and cash-constrained.
Income Statement
28NegativeBalance Sheet
58NeutralCash Flow
36Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.44B | 3.57B | 4.31B | 4.14B | 4.83B | 5.32B |
| Gross Profit | 467.70M | 496.82M | 669.66M | 557.95M | 483.22M | 626.21M |
| EBITDA | 108.06M | 113.76M | 380.54M | 250.78M | 263.76M | 340.05M |
| Net Income | 582.00K | -64.38M | 75.62M | -129.39M | -156.57M | 23.99M |
Balance Sheet | ||||||
| Total Assets | 5.42B | 4.87B | 5.04B | 5.36B | 5.16B | 5.82B |
| Cash, Cash Equivalents and Short-Term Investments | 2.12B | 1.81B | 2.15B | 2.37B | 1.76B | 1.85B |
| Total Debt | 1.13B | 995.82M | 931.03M | 1.41B | 1.69B | 1.92B |
| Total Liabilities | 3.03B | 2.57B | 2.71B | 3.25B | 2.91B | 3.43B |
| Stockholders Equity | 2.35B | 2.26B | 2.32B | 2.09B | 2.23B | 2.37B |
Cash Flow | ||||||
| Free Cash Flow | -109.70M | -189.66M | 153.04M | 329.13M | 246.11M | 67.75M |
| Operating Cash Flow | 329.74M | 81.54M | 204.87M | 380.29M | 324.49M | 239.46M |
| Investing Cash Flow | -403.11M | -386.42M | -410.46M | 332.79M | -13.33M | -138.40M |
| Financing Cash Flow | 14.00M | -177.32M | -504.54M | -317.69M | -422.01M | -11.87M |
Megaforce Co. Ltd. Peers Comparison
Overall Rating
TW:995169Neutral
TW:331151Neutral
TW:306044Neutral- TW:329441Neutral
TW:355238Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:9951 | 69Neutral | TWD 3.20B | 9.05 | ― | 7.34% | 5.34% | 1.56% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:3311 | 51Neutral | TWD 3.70B | 23.97 | ― | 1.47% | 46.08% | 7.08% |
| TW:3060 | 44Neutral | TWD 3.31B | 18.89 | ― | 0.76% | 25.49% | ― |
| TW:3294 | 41Neutral | TWD 3.29B | -61.54 | ― | ― | -7.94% | -41.30% |
| TW:3552 | 38Underperform | TWD 3.08B | -9.48 | ― | 1.57% | -3.76% | -661.55% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:3294 | Megaforce Co. Ltd. | 24.95 | -16.15 | -39.29% | |
| TW:2252 | CUBTEK Inc. | 28.80 | 9.45 | 48.84% | |
| TW:3060 | Min Aik Technology Co., Ltd. | 26.45 | -2.39 | -8.28% | |
| TW:3311 | Silitech Technology Corporation | 40.70 | 7.63 | 23.07% | |
| TW:3552 | Tung Thih Electronic Co., Ltd. | 31.85 | -37.81 | -54.28% | |
| TW:9951 | Macauto Industrial Co., Ltd | 44.35 | -10.55 | -19.22% |
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