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Eclat Forever Machinery Co., Ltd. (3485) AI Stock Analysis

TW:3485

Eclat Forever Machinery Co., Ltd.

(TPEx:3485)

Select Model
Rating:65Neutral
Price Target:TWD 176.00▼(-5.38% Downside)
Action:initiatedcoverage
Date:11/10/26

Strong financial performance led by robust profitability and a near debt-free balance sheet is the main positive driver; weak technical indicators showing sustained price weakness and bearish momentum are the key detractors.

Positive Factors
Sustained high profitabilityPersistently high net and EBIT margins indicate that Eclat converts sales into substantial profits and has meaningful pricing power or operating leverage. This profitability provides resilience through normal demand cycles and creates resources to support product development, operations, and shareholder returns.
Negative Factors
Repeated revenue contractionRepeated revenue declines indicate that strong margins are not currently being supported by consistent top-line expansion. If softer demand persists, fixed-cost absorption and operating leverage could become less favorable, limiting earnings growth despite the company’s underlying profitability.

Eclat Forever Machinery Co., Ltd. (3485) vs. SPDR S&P 500 ETF (SPY)

-100%0%100%200%300%400%TW:3485+138.38%SPY+14.28%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
TWD 7.55B
Dividend Yield
2.42%
Average Volume (3M)
164.44K
Price to Earnings (P/E)
28.9
Beta (1Y)
1.30
Revenue Growth
―
EPS Growth
―
Country
TW
Employees
98
Sector
General
Sector Strength
55
Industry
Industrial - Machinery

Eclat Forever Machinery Co., Ltd. Business Overview & Revenue Model

Company Description

Eclat Forever Machinery Co., Ltd., established in 1983 and based in Taoyuan City, Taiwan, specializes in the research, development, and manufacturing of advanced production machinery. The company's innovative equipment supports various industries glo...

Eclat Forever Machinery Co., Ltd. Financial Statement Overview

Summary

Strong profitability with net margins at 36.8% and gross margins at 55.8%, paired with an exceptionally stable balance sheet showing almost no debt and steady equity growth; revenue decline and cash flow volatility are offsetting concerns.

Income Statement

76Positive

Balance Sheet

94Very Positive

Cash Flow

62Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue561.37M549.07M610.47M608.57M762.26M578.19M
Gross Profit290.71M306.28M291.53M317.61M312.51M215.06M
EBITDA210.27M260.43M329.02M294.81M317.87M165.81M
Net Income228.23M201.80M244.23M224.10M241.12M119.26M
Balance Sheet
Total Assets2.92B1.51B1.76B1.82B1.84B1.32B
Cash, Cash Equivalents and Short-Term Investments2.18B952.18M1.07B903.78M939.86M686.35M
Total Debt3.18M917.00K1.48M2.67M5.03M2.39M
Total Liabilities512.64M186.21M452.29M613.03M729.88M365.08M
Stockholders Equity2.41B1.32B1.31B1.20B1.11B959.88M
Cash Flow
Free Cash Flow105.54M73.81M300.73M99.91M351.60M144.50M
Operating Cash Flow120.49M88.12M317.47M103.86M353.46M146.34M
Investing Cash Flow-14.81M-14.14M-16.75M73.54M302.71M-71.38M
Financing Cash Flow946.38M-189.32M-145.43M-136.65M-92.18M-82.65M

Eclat Forever Machinery Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TW:3485 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
TW:2221TW:222169NeutralTWD 6.43B56.44―0.90%18.85%87.57%
TW:3485TW:348565NeutralTWD 6.99B28.85―2.42%――
TW:2233TW:223357NeutralTWD 6.87B20.10―3.39%-2.23%-20.63%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
TW:1583TW:158340UnderperformTWD 5.56B59.87―0.21%3.58%-65.42%
TW:4540TW:454037UnderperformTWD 5.89B-382.86――36.77%94.53%

* General Sector Average

Performance Comparison

0%200%400%600%TW:3485TW:1583TW:2221TW:2233TW:4540TW:6990Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TW:3485 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TW:3485Eclat Forever Machinery Co., Ltd.186.00106.12132.84%
TW:1583Goodway Machine Corp.46.705.1312.34%
TW:2221Tachia Yung Ho Machine Industry Co., Ltd.167.00139.45506.28%
TW:2233Turvo International Co., Ltd.118.00-91.87-43.78%
TW:4540TBI MOTION TECHNOLOGY CO LTD53.0016.6045.60%
TW:6990Plum-Monix Industry Co Ltd101.0075.56297.06%
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