Formosa Sumco Technology Corporation AI Stock Analysis
Formosa Sumco Technology Corporation (3532) AI Stock Analysis
Formosa Sumco Technology Corporation
(TWSE:3532)
The stock scores at the lowest possible level, reflecting a convergence of severe risks. The most significant factor is the company's critical financial state, marked by collapsing profitability and a massive, persistent cash burn that is eroding its balance sheet. This fundamental weakness is fully confirmed by a deeply bearish technical trend and an extreme, unsupportable P/E ratio. The company is in a precarious position, spending far more cash than it earns with no immediate signs of a turnaround.
Formosa Sumco Technology Corporation (3532) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 113.83B
- Dividend Yield
- 0.33%
- Average Volume (3M)
- 7.51M
- Price to Earnings (P/E)
- 233.6
- Beta (1Y)
- 2.26
- Revenue Growth
- 9.32%
- EPS Growth
- -23.79%
- Country
- TW
- Employees
- 1,452
- Sector
- General
- Sector Strength
- 55
- Industry
- Semiconductors
Formosa Sumco Technology Corporation Business Overview & Revenue Model
Company Description
Formosa Sumco Technology Corporation focuses on the fabrication and commercialization of silicon wafers for the semiconductor industry, with its main operations situated in Taiwan. The company's offerings include a diverse range of specialized wafers...
Formosa Sumco Technology Corporation Financial Statement Overview
Summary
Financial health is severely strained. Profitability has collapsed with net margin falling to 5.0% and ROE to 2.5%. Critically, free cash flow is deeply negative for three consecutive years, and operating cash flow has dwindled by 90% since 2022, indicating an unsustainable cash burn. A recent revenue uptick is the only positive, but it has not translated into proportional profit recovery.
Income Statement
35NegativeBalance Sheet
45NeutralCash Flow
20Very Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.28B | 12.33B | 12.42B | 14.88B | 16.39B | 12.17B |
| Gross Profit | 1.12B | 1.82B | 2.66B | 5.03B | 6.18B | 2.55B |
| EBITDA | 3.61B | 3.06B | 4.09B | 6.56B | 8.05B | 3.75B |
| Net Income | 502.47M | 614.47M | 1.30B | 3.46B | 4.82B | 1.41B |
Balance Sheet | ||||||
| Total Assets | 51.28B | 51.30B | 53.42B | 49.19B | 36.01B | 23.72B |
| Cash, Cash Equivalents and Short-Term Investments | 1.98B | 1.74B | 4.69B | 4.32B | 10.81B | 9.28B |
| Total Debt | 20.52B | 20.52B | 21.35B | 11.52B | 49.17M | 17.59M |
| Total Liabilities | 26.99B | 26.59B | 28.62B | 23.74B | 11.18B | 2.87B |
| Stockholders Equity | 24.29B | 24.71B | 24.81B | 25.45B | 24.83B | 20.85B |
Cash Flow | ||||||
| Free Cash Flow | 634.82M | -1.38B | -7.56B | -14.71B | 2.26B | 2.02B |
| Operating Cash Flow | 2.43B | 1.28B | 1.96B | 3.65B | 12.25B | 3.77B |
| Investing Cash Flow | -1.81B | -2.68B | -9.47B | -18.80B | -10.39B | -1.45B |
| Financing Cash Flow | 351.36M | -1.57B | 7.89B | 8.67B | -336.59M | -896.42M |
Formosa Sumco Technology Corporation Peers Comparison
Overall Rating
TW:543474Outperform
TW:156061Neutral
TW:337454.8Neutral
TW:548342Neutral
TW:618239Underperform- TW:353237Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:5434 | 74Outperform | TWD 97.59B | 16.52 | ― | 2.58% | 21.35% | 55.48% |
| TW:1560 | 61Neutral | TWD 113.47B | 54.15 | ― | 0.67% | 23.55% | 77.73% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:3374 | 55Neutral | TWD 115.19B | 80.66 | ― | 0.54% | 16.99% | 21.12% |
| TW:5483 | 42Neutral | TWD 102.92B | 17.56 | ― | 2.17% | 2.81% | 90.57% |
| TW:6182 | 39Underperform | TWD 50.46B | 360.65 | ― | ― | 9.40% | ― |
| TW:3532 | 37Underperform | TWD 117.13B | 233.59 | ― | 0.33% | 9.32% | -23.79% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:3532 | Formosa Sumco Technology Corporation | 303.00 | 208.00 | 218.96% | |
| TW:1560 | Kinik Co. | 737.00 | 431.05 | 140.89% | |
| TW:3374 | Xintec Inc. | 466.50 | 328.15 | 237.19% | |
| TW:5434 | Topco Scientific Co., Ltd. | 520.00 | 216.02 | 71.06% | |
| TW:5483 | Sino-American Silicon Products Inc. | 161.00 | 58.45 | 57.00% | |
| TW:6182 | Wafer Works Corp. | 85.50 | 55.95 | 189.29% |
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