eMemory Technology, Inc. AI Stock Analysis
eMemory Technology, Inc. (3529) AI Stock Analysis
eMemory Technology, Inc.
(TPEx:3529)
The score is anchored by exceptional financial fundamentals: near-100% gross margins, expanding profitability, a virtually debt-free balance sheet, return on equity close to 60%, and free cash flow that nearly matches reported earnings. Offsetting this is a clearly negative technical setup, with the share price trading far below all major moving averages and a strongly negative MACD, alongside deeply oversold momentum readings. Valuation also tempers the result, as a P/E near 63 and a modest 1.09% dividend yield leave little margin for error given the slowdown in revenue growth to the mid-single digits and the lumpy nature of licensing revenue. Earnings call and corporate event data were unavailable and excluded, with their weight redistributed across the remaining components.
eMemory Technology, Inc. (3529) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 168.04B
- Dividend Yield
- 0.91%
- Average Volume (3M)
- 1.30M
- Price to Earnings (P/E)
- 72.8
- Beta (1Y)
- 1.41
- Revenue Growth
- 16.73%
- EPS Growth
- 27.60%
- Country
- TW
- Employees
- 342
- Sector
- General
- Sector Strength
- 55
- Industry
- Semiconductors
eMemory Technology, Inc. Business Overview & Revenue Model
Company Description
eMemory Technology Inc. is a company dedicated to the research, development, production, and distribution of a range of semiconductor solutions. Their offerings include flash memory integrated circuits (ICs), intellectual property (IP) for embedded f...
eMemory Technology, Inc. Financial Statement Overview
Summary
eMemory's financials are among the strongest in the semiconductor sector. The IP licensing model delivers near-100% gross margins, operating margin expansion to 61.6% TTM, and net margin of 53.5%. The balance sheet is effectively debt-free (debt-to-equity ~0.003) with equity funding 81% of assets and return on equity near 60%. Free cash flow of NT$2.60bn converts roughly 98% of net income into cash, confirming excellent earnings quality. The main offsets are a marked deceleration in revenue growth to the mid-single digits from the 30%+ pace of 2021–2022, plus the inherent lumpiness of licensing and royalty revenue tied to the semiconductor design cycle.
Income Statement
93Very PositiveBalance Sheet
96Very PositiveCash Flow
93Very Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.45B | 3.85B | 3.61B | 3.05B | 3.22B | 2.36B |
| Gross Profit | 4.36B | 3.85B | 3.61B | 3.05B | 3.14B | 2.30B |
| EBITDA | 2.92B | 2.43B | 2.31B | 1.88B | 1.99B | 1.35B |
| Net Income | 2.38B | 1.91B | 1.83B | 1.47B | 1.61B | 1.10B |
Balance Sheet | ||||||
| Total Assets | 5.08B | 4.76B | 4.46B | 3.76B | 3.90B | 3.19B |
| Cash, Cash Equivalents and Short-Term Investments | 3.68B | 3.53B | 3.31B | 2.73B | 3.07B | 2.48B |
| Total Debt | 11.04M | 7.53M | 11.55M | 33.67M | 5.54M | 8.76M |
| Total Liabilities | 852.90M | 889.20M | 873.87M | 703.92M | 804.79M | 664.52M |
| Stockholders Equity | 4.13B | 3.84B | 3.56B | 3.02B | 3.06B | 2.48B |
Cash Flow | ||||||
| Free Cash Flow | 2.60B | 2.01B | 1.83B | 1.16B | 1.61B | 1.31B |
| Operating Cash Flow | 2.66B | 2.20B | 1.99B | 1.53B | 1.68B | 1.35B |
| Investing Cash Flow | -178.40M | -313.24M | -164.95M | -362.92M | -70.85M | -12.31M |
| Financing Cash Flow | -1.55B | -1.64B | -1.33B | -1.48B | -1.05B | -604.46M |
eMemory Technology, Inc. Peers Comparison
Overall Rating
TW:300677Outperform- TW:352976Outperform
TW:653175Outperform
TW:326462Neutral
TW:815043Neutral
TW:491938Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:3006 | 77Outperform | TWD 64.15B | 3.45 | ― | 0.43% | 272.74% | ― |
| TW:3529 | 76Outperform | TWD 161.96B | 72.84 | ― | 0.91% | 16.73% | 27.60% |
| TW:6531 | 75Outperform | TWD 118.72B | 37.19 | ― | 0.95% | 91.95% | 230.68% |
| TW:3264 | 62Neutral | TWD 90.99B | 21.77 | ― | 2.12% | 31.88% | 80.58% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:8150 | 43Neutral | TWD 56.50B | 19.21 | ― | 1.39% | 28.18% | 1243.70% |
| TW:4919 | 38Underperform | TWD 46.82B | -30.71 | ― | 0.39% | 0.34% | -40.27% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:3529 | eMemory Technology, Inc. | 2265.00 | 277.93 | 13.99% | |
| TW:3006 | Elite Semiconductor Microelectronics Technology Inc. | 235.00 | 140.15 | 147.75% | |
| TW:3264 | Ardentec Corporation | 198.50 | 109.67 | 123.45% | |
| TW:4919 | Nuvoton Technology Corporation | 107.00 | 52.00 | 94.55% | |
| TW:6531 | AP Memory Technology Corp. | 733.00 | 329.27 | 81.56% | |
| TW:8150 | ChipMOS Technologies, Inc. | 88.20 | 44.76 | 103.02% |
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