Macroblock, Inc. (3527) AI Stock Analysis

Macroblock, Inc.

(TPEx:3527)

Select Model

Rating:50Neutral

Price Target:TWD 43.00▼(-7.43% Downside)

Action:initiatedcoverage

Date:11/10/26

The score is primarily constrained by deteriorating profitability and bearish technical trends. A very strong, low-debt balance sheet and improved cash generation provide meaningful support, while the negative P/E and current losses limit the valuation case.

Positive Factors

Very low leverageThe company’s very low leverage provides substantial financial flexibility through a weak earnings cycle. Limited debt reduces refinancing and interest burdens, preserves capacity to fund product development or operations, and gives management more resilience while profitability remains under pressure.

Negative Factors

Persistent revenue contractionSeveral years of declining revenue indicate that the current business base is not yet expanding and may be losing scale. Continued contraction can reduce operating leverage, constrain investment capacity, and make it harder for the company to rebuild sustainable earnings over the next several quarters.

Macroblock, Inc. (3527) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 2.01B
Dividend Yield: 2.15%
Average Volume (3M): 62.40K
Price to Earnings (P/E): -74.6
Beta (1Y): 0.83
Revenue Growth: -10.31%
EPS Growth: 37.12%
Country: TW
Employees: 224
Sector: General
Sector Strength: 55
Industry: Semiconductors

Macroblock, Inc. Business Overview & Revenue Model

Company Description

Macroblock, Inc., established in 1999 and headquartered in Hsinchu City, Taiwan, specializes in the research, manufacturing, testing, and global distribution of integrated circuits engineered to power LEDs. Operating across Taiwan, China, and interna...

Macroblock, Inc. Financial Statement Overview

Summary

Strong balance sheet and improved 2025 cash generation are outweighed by sharply lower revenue and margins, an EBIT loss, a net loss, and negative return on equity. Score reflects the 24 income statement, 90 balance sheet, and 68 cash flow scores.

Income Statement

24Negative

Balance Sheet

90Very Positive

Cash Flow

68Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.42B	1.45B	1.79B	1.86B	2.53B	3.17B
Gross Profit	558.06M	454.12M	683.87M	755.35M	1.16B	1.47B
EBITDA	8.28M	-1.36M	181.63M	170.02M	482.19M	774.77M
Net Income	-34.89M	-81.84M	12.65M	-12.35M	286.35M	564.11M
Balance Sheet
Total Assets	2.71B	2.56B	2.76B	2.83B	3.21B	3.61B
Cash, Cash Equivalents and Short-Term Investments	1.23B	1.21B	1.13B	1.18B	1.03B	1.38B
Total Debt	60.63M	27.84M	36.51M	31.61M	49.56M	43.17M
Total Liabilities	467.72M	300.31M	336.00M	343.29M	526.34M	858.93M
Stockholders Equity	2.24B	2.26B	2.43B	2.49B	2.69B	2.75B
Cash Flow
Free Cash Flow	89.51M	189.21M	52.44M	361.36M	28.76M	530.06M
Operating Cash Flow	109.96M	217.65M	97.48M	435.15M	149.97M	705.11M
Investing Cash Flow	-34.79M	-24.48M	-40.16M	-74.85M	-119.18M	-177.22M
Financing Cash Flow	-116.80M	-116.13M	-113.83M	-210.64M	-384.97M	-113.79M

Macroblock, Inc. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:3527 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:5315	75Outperform	TWD 1.85B	10.66	―	9.04%	2.53%	3.36%
TW:6556	68Neutral	TWD 1.75B	7.77	―	5.71%	3.78%	33.16%
TW:6708	66Neutral	TWD 2.36B	162.73	―	―	7.17%	―
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:3527	50Neutral	TWD 2.08B	-74.64	―	2.15%	-10.31%	37.12%
TW:6129	40Underperform	TWD 2.01B	-21.99	―	―	24.89%	59.91%
TW:8171	27Underperform	TWD 2.04B	-9.43	―	―	-21.44%	63.14%

* General Sector Average

Performance Comparison

TW:3527 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:3527	Macroblock, Inc.	46.45	-6.23	-11.82%
TW:5315	United Radiant Technology Corporation	17.70	-4.03	-18.53%
TW:6129	Princeton Technology Corporation	11.50	-4.97	-30.18%
TW:6556	Topview Optronics Corp.	61.30	-4.59	-6.97%
TW:6708	Mars Semiconductor Corp.	90.70	52.20	135.58%
TW:8171	Formosa Electronic Industries Inc.	18.15	-6.75	-27.11%

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

Macroblock, Inc. AI Stock Analysis