eMemory Technology, Inc. (3529) AI Stock Analysis

eMemory Technology, Inc.

(TPEx:3529)

Select Model

Rating:66Neutral

Price Target:TWD 2,036.00▼(-10.11% Downside)

Action:initiatedcoverage

Date:11/09/26

Outstanding financial performance with superior margins and balance sheet strength is the primary positive driver, offset by weak technical momentum and high valuation.

Positive Factors

Exceptional profitabilityThe company converts revenue into unusually high gross, operating, and net profits, indicating a powerful IP licensing model with strong economic efficiency. These margins provide substantial capacity to fund research, support customers, and absorb normal business fluctuations over the next several quarters.

Negative Factors

Cyclical revenue growthThe 2023 revenue decline shows that demand for the company’s memory IP can fluctuate with semiconductor industry conditions. Even with a rebound afterward, recurring growth volatility makes forward revenue progression less predictable and can affect operating leverage and investment planning.

eMemory Technology, Inc. (3529) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 150.66B
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

High net margins of 53%, debt-to-equity ratio of 0.003, and strong free cash flow nearly matching net income support excellent financial health.

Income Statement

86Very Positive

Balance Sheet

95Very Positive

Cash Flow

90Very Positive

Financial statement breakdown
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

UnderperformOutperform

Sector (55)

Financial Indicators

TW:3529 against its peers
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:6531	75Outperform	TWD 118.72B	37.19	―	0.95%	91.95%	230.68%
TW:3529	66Neutral	TWD 161.96B	72.84	―	0.91%	16.73%	27.60%
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

TW:3529 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:3529	eMemory Technology, Inc.	2265.00	322.64	16.61%
TW:3006	Elite Semiconductor Microelectronics Technology Inc.	235.00	142.04	152.79%
TW:3264	Ardentec Corporation	198.50	111.72	128.75%
TW:4919	Nuvoton Technology Corporation	107.00	53.30	99.26%
TW:6531	AP Memory Technology Corp.	733.00	325.30	79.79%
TW:8150	ChipMOS Technologies, Inc.	88.20	40.86	86.29%

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

eMemory Technology, Inc. AI Stock Analysis