Hunt Electronic Co., Ltd. (3297) AI Stock Analysis

Hunt Electronic Co., Ltd.

(TPEx:3297)

Select Model

Rating:49Neutral

Price Target:TWD 24.50▼(-3.92% Downside)

Action:initiatedcoverage

Date:11/09/26

Hunt Electronic scores below average overall. The main drag is that the core business remains unprofitable at the operating level (-14.3% operating margin) with returns on equity under 3%, while the shares trade at a fairly rich 27.6x earnings with no dividend. Technicals compound the caution, with the price well below all key moving averages and negative MACD momentum, though oversold RSI and Stochastic readings suggest selling may be stretched. Offsetting these risks is a genuinely strong balance sheet — minimal debt (D/E 0.11), equity funding 84% of assets — alongside 21% revenue growth, three straight years of gross margin expansion and a return to positive free cash flow. The financial cushion supports the turnaround, but evidence of sustainable operating profit is needed before the recovery can be considered durable.

Positive Factors

Improving Revenue and MarginsThe recent recovery in revenue, gross margin, and net margin indicates improving commercial performance and product economics. If maintained, better gross profitability can provide more resources for investment and help the company rebuild durable earnings power over the next several quarters.

Negative Factors

Negative EBITPersistently negative operating profit indicates that the core business has not yet established a dependable earnings engine, despite positive net income. Until EBIT turns consistently positive, margins may remain vulnerable and reported profitability may not fully reflect sustainable operating performance.

Hunt Electronic Co., Ltd. (3297) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 908.44M
Dividend Yield: ―
Average Volume (3M): 251.23K
Price to Earnings (P/E): 26.7
Beta (1Y): -0.04
Revenue Growth: 24.69%
EPS Growth: 146.29%
Country: TW
Employees: 150
Sector: General
Sector Strength: 55
Industry: Communication Equipment

Hunt Electronic Co., Ltd. Business Overview & Revenue Model

Company Description

Hunt Electronic Co., Ltd., a Taiwanese enterprise, specializes in the development, manufacturing, and global distribution of security and surveillance technologies. Their market reach extends across Taiwan, the broader Asian continent, the United Sta...

Hunt Electronic Co., Ltd. Financial Statement Overview

Summary

A mixed but improving picture. The balance sheet is the standout strength (score 77): equity of NT$580.7M funds ~84% of assets, debt was cut to NT$61.2M from NT$176.4M, and debt-to-equity fell to just 0.11, giving ample downside protection. Cash flow is recovering (score 55), with operating cash flow of NT$25.3M and free cash flow of NT$21.5M after years of erratic, sometimes negative generation. The weak link is the income statement (score 41): although revenue grew ~21% to NT$201.5M and gross margin expanded to 35.0%, the core business still posted an operating loss of about NT$28.8M (-14.3% margin), so the NT$17.1M net profit rests on non-operating items. Return on equity remains thin at 2.9% and the asset base continues to shrink.

Income Statement

41Neutral

Balance Sheet

77Positive

Cash Flow

55Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	222.84M	201.52M	167.12M	162.19M	217.13M	243.93M
Gross Profit	78.72M	70.44M	52.63M	36.91M	60.60M	87.93M
EBITDA	27.34M	-22.45M	10.16M	-4.89M	-12.53M	-1.43M
Net Income	32.30M	17.08M	-4.75M	-13.41M	4.05M	-15.12M
Balance Sheet
Total Assets	750.31M	691.31M	792.22M	799.95M	805.86M	869.55M
Cash, Cash Equivalents and Short-Term Investments	147.72M	147.47M	239.68M	261.04M	256.15M	308.71M
Total Debt	80.00M	61.21M	176.40M	182.95M	181.81M	232.75M
Total Liabilities	144.81M	110.64M	228.63M	231.60M	224.49M	295.94M
Stockholders Equity	605.50M	580.67M	563.59M	568.35M	581.37M	573.61M
Cash Flow
Free Cash Flow	31.00M	21.47M	375.00K	-9.19M	12.18M	-3.11M
Operating Cash Flow	8.63M	25.30M	853.00K	-6.16M	20.84M	-1.19M
Investing Cash Flow	-18.64M	116.13M	-9.96M	-140.33M	-27.23M	67.65M
Financing Cash Flow	-16.12M	-115.18M	-5.80M	1.96M	-49.90M	14.23M

Hunt Electronic Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:3297 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:3297	49Neutral	TWD 897.35M	26.67	―	―	24.69%	146.29%
TW:3128	48Neutral	TWD 900.31M	16.15	―	2.23%	-12.58%	-22.95%
TW:3349	45Neutral	TWD 856.01M	-15.21	―	―	-19.46%	-2.48%
TW:6560	45Neutral	TWD 984.16M	20.59	―	―	62.39%	―
TW:6109	38Underperform	TWD 800.09M	-10.86	―	―	19.88%	48.32%

* General Sector Average

Performance Comparison

TW:3297 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:3297	Hunt Electronic Co., Ltd.	25.50	-21.40	-45.63%
TW:3128	Hi Sharp Electronics Co., Ltd.	17.90	-8.24	-31.52%
TW:3349	DEXIN Corporation	17.90	-1.50	-7.73%
TW:6109	Atech OEM Inc.	8.96	-3.17	-26.12%
TW:6560	APPRO Photoelectron, Inc.	29.20	-12.30	-29.64%
TW:6825	Qbic Technology Co., Ltd.	21.35	-6.76	-24.04%

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

Hunt Electronic Co., Ltd. AI Stock Analysis