New Advanced Electronics Technologies Co., Ltd. (3465) AI Stock Analysis

New Advanced Electronics Technologies Co., Ltd.

(TPEx:3465)

Select Model

Rating:42Neutral

Price Target:TWD 25.00▼(-11.35% Downside)

Action:initiatedcoverage

Date:11/09/26

The score is held back primarily by weak financial performance: despite revenue growth, margin expansion and a return to positive operating cash flow, the company is barely profitable, generates negative free cash flow, and has increased leverage to roughly one times a shrinking equity base. Technicals reinforce the caution, with the stock trading below all major moving averages and a negative MACD, although deeply oversold RSI and Stochastic readings hint at potential short-term stabilisation. Valuation offers little support given negative trailing earnings, with a 3.73% dividend yield the main positive, albeit one whose durability is uncertain at current profitability levels. Overall, this is a cyclical turnaround in its early stages that still carries meaningful profitability, cash flow and balance sheet risks.

Positive Factors

Electronics Supply Chain PositionParticipation in the electronics supply chain gives the company an established industrial customer role and exposure to ongoing demand for electronic hardware and related solutions. Serving manufacturers and integrators can support recurring commercial relationships and provide a platform for maintaining relevance as the broader electronics ecosystem develops.

Negative Factors

Revenue and Margin DeteriorationThe combination of declining revenue and near break-even net margin indicates weakened earnings resilience. Even with improved gross margin, limited operating profitability leaves little buffer for cost increases or weaker demand, making sustained earnings recovery dependent on restoring growth and improving cost discipline.

New Advanced Electronics Technologies Co., Ltd. (3465) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 1.20B
Dividend Yield: 3.48%
Average Volume (3M): 17.53K
Price to Earnings (P/E): -23.7
Beta (1Y): 0.44
Revenue Growth: 2.48%
EPS Growth: -216.17%
Country: TW
Employees: 120
Sector: General
Sector Strength: 55
Industry: Consumer Electronics

New Advanced Electronics Technologies Co., Ltd. Business Overview & Revenue Model

Company Description

New Advanced Electronics Technologies Co., Ltd. specializes in the design, production, and distribution of a wide array of audio equipment and power solutions, serving markets in the United States, Japan, Canada, and Germany. The company's extensive...

New Advanced Electronics Technologies Co., Ltd. Financial Statement Overview

Summary

Results point to an early-stage, fragile turnaround. Revenue rose roughly 6% to about NT$1.68 billion, gross margin improved to 19.9% and operating profit more than doubled, while operating cash flow swung positive to NT$110.7 million. However, net income collapsed to just NT$1.2 million (a 0.07% net margin) and return on equity is effectively zero. Free cash flow remains negative at NT$44.2 million after NT$155 million of capital spending, the fourth negative year in six. Leverage has risen for three consecutive years to roughly 0.99x equity while the equity base shrank from NT$859 million to NT$793 million, leaving the balance sheet adequate but not comfortable.

Income Statement

38Negative

Balance Sheet

50Neutral

Cash Flow

42Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.80B	1.68B	1.59B	1.23B	1.44B	3.09B
Gross Profit	271.47M	333.53M	273.76M	228.55M	307.08M	822.90M
EBITDA	20.14M	127.23M	154.49M	108.77M	217.00M	596.03M
Net Income	-18.51M	1.24M	27.58M	11.98M	111.02M	526.25M
Balance Sheet
Total Assets	2.65B	1.91B	2.01B	1.74B	1.75B	2.43B
Cash, Cash Equivalents and Short-Term Investments	77.10M	193.05M	249.70M	426.75M	430.56M	555.41M
Total Debt	1.30B	784.71M	751.54M	569.38M	744.28M	1.04B
Total Liabilities	1.83B	1.07B	1.08B	837.49M	951.99M	1.59B
Stockholders Equity	782.04M	793.01M	858.69M	828.22M	731.81M	833.28M
Cash Flow
Free Cash Flow	-724.20M	-44.16M	-90.68M	74.98M	356.73M	-356.59M
Operating Cash Flow	-430.97M	110.72M	-21.16M	109.42M	377.90M	-229.78M
Investing Cash Flow	-276.27M	-126.79M	-3.75M	-61.32M	29.55M	-212.95M
Financing Cash Flow	437.15M	-23.95M	-109.95M	-81.43M	-513.69M	598.83M

New Advanced Electronics Technologies Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:3465 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:3308	45Neutral	TWD 1.16B	12.62	―	―	31.63%	274.35%
TW:3465	42Neutral	TWD 1.19B	-23.67	―	3.48%	2.48%	-216.17%
TW:2431	41Neutral	TWD 1.10B	-4.55	―	―	-39.87%	-231.52%
TW:3322	40Underperform	TWD 1.21B	-6.59	―	―	3.84%	-11.85%
TW:6441	39Underperform	TWD 1.10B	-4.32	―	―	-58.51%	-17.09%

* General Sector Average

Performance Comparison

TW:3465 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:3465	New Advanced Electronics Technologies Co., Ltd.	28.20	-15.35	-35.25%
TW:2431	Lien Chang Electronic Enterprise Co., Ltd	9.93	-2.47	-19.92%
TW:3308	Bestec Power Electronics Co., Ltd	19.40	4.50	30.20%
TW:3322	Joinsoon Electronics Manufacturing Co., Ltd.	8.81	-4.12	-31.88%
TW:6441	Ibase Solution Co., Ltd	20.70	-1.95	-8.61%
TW:6638	Goldtek Technology Co., Ltd.	41.00	10.90	36.21%

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

New Advanced Electronics Technologies Co., Ltd. AI Stock Analysis