Jhen Vei Electronic Co., Ltd. (3520) AI Stock Analysis

Jhen Vei Electronic Co., Ltd.

(TPEx:3520)

Select Model

Rating:39Underperform

Price Target:TWD 15.00▼(-7.41% Downside)

Action:initiatedcoverage

Date:11/10/26

The overall score is very low, driven primarily by a severe deterioration in financial performance where rapid sales growth is completely overshadowed by collapsing margins and net losses. This is compounded by a bearish technical outlook, with the stock trading below all major moving averages and exhibiting weak momentum. A negative P/E ratio and negligible dividend yield provide no valuation support. The company's financial instability and poor market sentiment are the most significant factors weighing on the score.

Positive Factors

Strong Revenue ReboundThe sharp two-year revenue rebound indicates improving demand and/or pricing across the company’s electronic and electro-mechanical component business. If sustained, this larger revenue base can improve scale, support investment, and provide a platform for restoring profitability over the next several quarters.

Negative Factors

Profitability DeteriorationProfitability has deteriorated despite strong revenue growth, with net earnings turning negative and EBIT approaching breakeven. This suggests that cost pressure and weaker operating leverage are absorbing incremental sales, limiting internal funding capacity and making earnings recovery dependent on margin improvement.

Jhen Vei Electronic Co., Ltd. (3520) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 1.11B
Dividend Yield: 0.60%
Average Volume (3M): 170.87K
Price to Earnings (P/E): -127.5
Beta (1Y): 0.72
Revenue Growth: 4.44%
EPS Growth: -32.75%
Country: TW
Employees: 120
Sector: General
Sector Strength: 55
Industry: Hardware, Equipment & Parts

Jhen Vei Electronic Co., Ltd. Business Overview & Revenue Model

Company Description

Jhen Vei Electronic Co., Ltd. primarily specializes in the production and distribution of various wiring and cabling solutions. Beyond its core manufacturing operations, the company also deals in a selection of electrical plugs, sockets, computer cab...

Jhen Vei Electronic Co., Ltd. Financial Statement Overview

Summary

Financial performance is weak. While revenue grew 64.4% TTM, profitability has collapsed, resulting in a net loss, razor-thin EBIT margins of 0.2%, and declining gross margins. Cash flow is volatile and minimal, and return on equity is negative. The balance sheet shows rising leverage, though not yet critical. The disconnect between top-line growth and bottom-line deterioration is a major red flag.

Income Statement

28Negative

Balance Sheet

55Neutral

Cash Flow

35Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Mar 2023	Dec 2021
Income Statement
Total Revenue	1.25B	1.21B	1.10B	836.33M	1.00B	619.50M
Gross Profit	138.97M	160.80M	159.45M	128.64M	157.18M	70.14M
EBITDA	71.38M	64.99M	103.56M	70.67M	163.10M	19.12M
Net Income	-8.85M	-7.66M	20.13M	3.82M	102.57M	6.69M
Balance Sheet
Total Assets	1.55B	1.55B	1.55B	1.43B	1.44B	1.49B
Cash, Cash Equivalents and Short-Term Investments	212.06M	221.22M	215.71M	324.83M	279.26M	366.65M
Total Debt	452.05M	457.56M	434.30M	351.85M	352.85M	246.93M
Total Liabilities	755.97M	753.62M	731.74M	638.95M	632.04M	703.21M
Stockholders Equity	795.41M	799.34M	817.61M	791.81M	812.08M	706.58M
Cash Flow
Free Cash Flow	-74.13M	2.34M	-166.08M	68.89M	36.85M	-180.86M
Operating Cash Flow	-40.40M	29.15M	-122.56M	105.32M	167.64M	58.21M
Investing Cash Flow	-41.56M	-30.75M	-40.38M	-23.20M	-453.64M	-178.50M
Financing Cash Flow	-29.07M	8.32M	36.83M	-33.44M	193.26M	385.68M

Jhen Vei Electronic Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:3520 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:3531	48Neutral	TWD 1.26B	32.62	―	2.43%	-24.73%	39.31%
TW:4999	44Neutral	TWD 1.17B	-8.83	―	1.62%	-13.56%	-165.86%
TW:3390	40Underperform	TWD 1.50B	-81.40	―	1.00%	18.32%	―
TW:3520	39Underperform	TWD 1.39B	-127.54	―	0.60%	4.44%	-32.75%
TW:3511	38Underperform	TWD 1.33B	-18.91	―	―	-6.72%	-11.85%
TW:3710	30Underperform	TWD 1.35B	-1.51	―	―	-1.88%	-7106.53%

* General Sector Average

Performance Comparison

TW:3520 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:3520	Jhen Vei Electronic Co., Ltd.	16.20	-1.80	-10.00%
TW:3390	Sunflex Technology Corp.	19.90	-1.31	-6.19%
TW:3511	Simula Technology, Inc.	16.60	-3.30	-16.58%
TW:3531	Shian Yih Electronic Industry Co., Ltd	20.55	-1.28	-5.85%
TW:3710	ACON Holding Inc.	7.32	-4.97	-40.46%
TW:4999	Sinher Technology Inc.	15.45	-9.09	-37.04%

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

Jhen Vei Electronic Co., Ltd. AI Stock Analysis