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Forcera Materials Co Ltd (3467) AI Stock Analysis

TW:3467

Forcera Materials Co Ltd

(TPEx:3467)

Select Model
Rating:53Neutral
Price Target:TWD 55.00â–¼(-19.83% Downside)
Action:initiatedcoverage
Date:11/10/26

The score is primarily constrained by weakening profitability and cash generation, with additional pressure from bearish technical trends and an elevated P/E ratio. The improving balance sheet is the main offsetting strength.

Positive Factors
Strengthening balance sheetLower leverage and substantial equity growth improve Forcera’s financial resilience and reduce dependence on debt financing. This provides a stronger base for funding semiconductor-materials development, absorbing business volatility, and maintaining flexibility through the next several quarters.
Negative Factors
Weakening net profitabilityThe decline in net margin shows that revenue is currently converting into bottom-line earnings less efficiently. Persistently modest profitability would limit retained earnings, reduce the benefits of the stronger balance sheet, and make future results more sensitive to operating cost or demand changes.

Forcera Materials Co Ltd (3467) vs. SPDR S&P 500 ETF (SPY)

-25%0%25%50%75%100%125%TW:3467+72.97%SPY+14.30%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
TWD 2.08B
Dividend Yield
0.73%
Average Volume (3M)
394.53K
Price to Earnings (P/E)
57.5
Beta (1Y)
0.96
Revenue Growth
9.75%
EPS Growth
42.87%
Country
TW
Employees
194
Sector
General
Sector Strength
55
Industry
Semiconductors

Forcera Materials Co Ltd Business Overview & Revenue Model

Company Description

Forcera Materials Co. Ltd. specializes in delivering essential consumable components for the semiconductor and electronics industries. Utilizing its advanced technologies, the company provides comprehensive ceramic application solutions. Its core pro...

Forcera Materials Co Ltd Financial Statement Overview

Summary

The balance sheet is strong, with improving leverage and growing equity, but declining operating and net margins, weaker operating cash flow, and negative free cash flow limit the overall financial score.

Income Statement

58Neutral

Balance Sheet

78Positive

Cash Flow

48Neutral
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue680.20M613.77M617.31M563.37M651.73M564.80M
Gross Profit146.81M119.74M113.44M92.12M106.51M76.36M
EBITDA101.64M75.25M98.06M96.58M113.39M87.75M
Net Income35.80M17.75M28.85M22.18M47.94M15.83M
Balance Sheet
Total Assets956.62M836.71M724.91M703.68M712.39M675.92M
Cash, Cash Equivalents and Short-Term Investments217.80M208.13M130.88M115.06M103.17M88.23M
Total Debt188.09M122.50M153.67M161.62M151.52M163.09M
Total Liabilities352.80M242.16M270.97M261.61M316.57M317.49M
Stockholders Equity603.82M594.54M453.93M442.08M395.82M358.43M
Cash Flow
Free Cash Flow-41.92M-11.53M45.98M-16.26M42.04M81.33M
Operating Cash Flow91.58M78.35M88.83M47.39M132.49M107.58M
Investing Cash Flow-127.56M-91.42M-44.80M-63.99M-92.52M-26.98M
Financing Cash Flow8.09M90.36M-28.28M28.49M-25.99M-30.20M

Forcera Materials Co Ltd Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TW:3467 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
TW:6967TW:696763NeutralTWD 1.93B12.15―5.44%22.39%53.47%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
TW:6597TW:659755NeutralTWD 1.85B19.94―1.57%-11.98%-96.78%
TW:1735TW:173553NeutralTWD 1.90B16.50―3.37%1.82%132.90%
TW:3467TW:346753NeutralTWD 2.03B57.48―0.73%9.75%42.87%
TW:4716TW:471638UnderperformTWD 1.53B33.16―1.06%-2.09%85.82%

* General Sector Average

Performance Comparison

0%50%100%150%TW:3467TW:1735TW:4716TW:6597TW:6832TW:6967Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TW:3467 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TW:3467Forcera Materials Co Ltd68.6028.4470.84%
TW:1735Evermore Chemical Industry Co., Ltd.19.304.9634.64%
TW:4716Daily Polymer Corp.18.703.2020.65%
TW:6597Ecocera Optronics Co., Ltd.63.80-8.20-11.39%
TW:6832King's Metal Fiber Technologies Co., Ltd.71.8025.3754.64%
TW:6967Trans-Sun Materials Technology Co., Ltd.65.4011.3120.91%
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