AURAS Technology Co., Ltd. (3324) AI Stock Analysis

AURAS Technology Co., Ltd.

(TPEx:3324)

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Rating:59Neutral

Price Target:TWD 1,102.00▼(-10.77% Downside)

Action:initiatedcoverage

Date:11/09/26

AURAS Technology scores moderately. Its greatest strength is rapid revenue growth with six consecutive years of margin expansion and strong returns on equity, supported by an adequately capitalized balance sheet. However, this is offset by the most significant risk: profits are not converting into cash, with both operating and free cash flow sharply negative on working-capital build and aggressive capex, funded partly by a near-doubling of debt. Technicals compound the caution, with the stock trading below all major moving averages amid negative momentum, though oversold readings suggest the selling may be extended. Valuation is the relative bright spot, with a P/E of 24.7 looking fair against the growth profile, plus a small dividend. The investment case hinges on capacity spending delivering sustained earnings and a return to positive cash generation.

Positive Factors

Revenue and profit growthStrong 2025 revenue growth alongside a healthy EBIT margin indicates the company is converting increased demand into operating profit. This combination supports continued reinvestment, strengthens earnings capacity, and suggests the business has achieved improving scale rather than relying solely on top-line expansion.

Negative Factors

Negative cash generationThe sharp shift to negative operating and free cash flow is a material fundamental weakness despite reported net income of about 2.57B. If sustained, cash consumption can reduce funding flexibility, increase reliance on financing, and make future investment and shareholder returns less dependable.

AURAS Technology Co., Ltd. (3324) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 120.07B
Dividend Yield: 0.96%
Average Volume (3M): 3.97M
Price to Earnings (P/E): 28.2
Beta (1Y): 1.40
Revenue Growth: 70.52%
EPS Growth: 157.28%
Country: TW
Employees: 5,586
Sector: General
Sector Strength: 55
Industry: Computer Hardware

AURAS Technology Co., Ltd. Business Overview & Revenue Model

Company Description

Auras Technology Co., Ltd. is a global enterprise dedicated to the fabrication, processing, and distribution of electronic components and advanced computer thermal management solutions. The company maintains a significant international footprint, wit...

AURAS Technology Co., Ltd. Financial Statement Overview

Summary

A mixed picture dominated by strong earnings but poor cash conversion. The income statement is the standout (85): revenue surged roughly 48% to about NT$23.3 billion, gross margin expanded to 27.4% and net income rose ~36% to NT$2.57 billion, reflecting robust demand for advanced thermal solutions. The balance sheet is solid but stretching (73): equity funds about 42% of assets and ROE is a healthy ~23%, yet debt more than doubled, lifting debt-to-equity to 0.44 from 0.25. The clear weak link is cash flow (32): operating cash flow swung to roughly negative NT$571 million and free cash flow to about negative NT$2.87 billion, as a large working-capital build and ~NT$2.3 billion of capex consumed reported profits. Blended view: excellent growth and returns, offset by meaningful earnings-quality and financing risk.

Income Statement

85Very Positive

Balance Sheet

73Positive

Cash Flow

32Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	30.81B	23.28B	15.78B	12.71B	13.86B	14.26B
Gross Profit	8.77B	6.37B	4.03B	3.00B	2.72B	2.66B
EBITDA	6.18B	4.02B	2.91B	2.07B	2.19B	1.90B
Net Income	4.04B	2.57B	1.89B	1.23B	1.26B	1.13B
Balance Sheet
Total Assets	33.90B	26.12B	16.93B	12.61B	11.74B	11.90B
Cash, Cash Equivalents and Short-Term Investments	4.72B	1.56B	2.93B	1.45B	1.49B	1.50B
Total Debt	8.80B	4.85B	2.25B	1.23B	1.85B	1.77B
Total Liabilities	20.05B	14.63B	7.64B	5.75B	5.93B	6.99B
Stockholders Equity	13.26B	11.08B	8.96B	6.64B	5.57B	4.74B
Cash Flow
Free Cash Flow	-2.97B	-2.87B	150.94M	1.10B	595.46M	391.70M
Operating Cash Flow	142.85M	-570.91M	1.64B	1.97B	1.24B	1.44B
Investing Cash Flow	-3.61B	-2.69B	-1.57B	-1.05B	-632.52M	-1.04B
Financing Cash Flow	6.58B	1.95B	1.36B	-1.01B	-629.47M	-302.92M

AURAS Technology Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:3324 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:2421	75Outperform	TWD 39.45B	14.31	―	3.81%	22.04%	41.51%
TW:1513	69Neutral	TWD 72.38B	16.48	―	4.10%	3.84%	22.26%
TW:1503	65Neutral	TWD 88.83B	23.52	―	2.93%	8.33%	16.27%
TW:8996	61Neutral	TWD 131.37B	96.53	―	0.32%	108.33%	146.57%
TW:3324	59Neutral	TWD 112.11B	28.20	―	0.96%	70.52%	157.28%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:3167	53Neutral	TWD 71.70B	56.60	―	0.49%	103.13%	231.77%

* General Sector Average

Performance Comparison

TW:3324 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:3324	AURAS Technology Co., Ltd.	1235.00	231.51	23.07%
TW:1503	Shihlin Electric & Engineering Corp.	170.50	-2.31	-1.34%
TW:1513	Chung-Hsin Electric & Machinery Manufacturing Corp.	146.50	1.75	1.21%
TW:2421	Sunonwealth Electric Machine Industry Co., Ltd.	137.50	-39.52	-22.32%
TW:3167	Ta Liang Technology Co., Ltd.	801.00	592.01	283.28%
TW:8996	Kaori Heat Treatment Co., Ltd.	1405.00	852.99	154.53%

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

AURAS Technology Co., Ltd. AI Stock Analysis