Coxon Precise Industrial Co., Ltd Class A (3607) AI Stock Analysis

Coxon Precise Industrial Co., Ltd Class A

(TWSE:3607)

Select Model

Rating:47Neutral

Price Target:TWD 12.00▼(-0.83% Downside)

Action:initiatedcoverage

Date:11/09/26

Coxon Precise scores below average, driven primarily by weak financial performance. Despite a conservatively financed balance sheet with very low debt and three consecutive years of positive free cash flow, the core business is still unprofitable at the operating line, revenue continues to shrink, and return on equity is effectively zero. Technicals compound the caution: the stock trades below all major moving averages with a negative MACD, though deeply oversold RSI and Stochastic readings suggest a near-term bounce is possible. On valuation, an attractive 6.58% dividend yield is tempered by an elevated 26.8x P/E on near-breakeven earnings and declining free cash flow that raises questions about payout durability. The direction of travel is positive, but sustained operating profitability has yet to be demonstrated.

Positive Factors

Conservative LeverageVery low leverage gives Coxon greater financial flexibility because fewer resources are committed to interest and debt repayment. This can help the company withstand earnings volatility, preserve funding capacity, and support operations or investment without relying heavily on additional borrowing.

Negative Factors

Revenue ContractionThe latest revenue decline signals weaker demand or activity across the company’s precision-component business after a strong prior year. Sustained top-line contraction would reduce operating leverage, limit reinvestment capacity, and make recovery in profitability more difficult over coming quarters.

Coxon Precise Industrial Co., Ltd Class A (3607) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 1.49B
Dividend Yield: 6.61%
Average Volume (3M): 162.47K
Price to Earnings (P/E): 26.2
Beta (1Y): 0.68
Revenue Growth: -13.01%
EPS Growth: ―
Country: TW
Employees: 250
Sector: General
Sector Strength: 55
Industry: Packaging & Containers

Coxon Precise Industrial Co., Ltd Class A Business Overview & Revenue Model

Company Description

Coxon Precise Industrial Co., Ltd, founded in 1989 and centrally located in Taoyuan City, Taiwan, specializes in the production and sale of advanced engineering plastic goods throughout Taiwan. The company's integrated operations encompass a wide ran...

Coxon Precise Industrial Co., Ltd Class A Financial Statement Overview

Summary

Coxon Precise is a partially completed turnaround. The balance sheet is the clear strength (score 64): borrowings of just NT$182 million against NT$1.75 billion of equity give a debt-to-equity ratio of 0.10, with equity funding 61% of assets. Cash flow is also stabilizing (score 58), with a third straight year of positive operating cash flow (NT$149 million) and free cash flow of NT$119 million on modest capex. However, the income statement remains weak (score 28): revenue has fallen from NT$3.84 billion in 2021 to NT$2.78 billion, the core business still posts an operating loss of NT$77 million (-2.8% margin), and net income of NT$2.2 million is barely breakeven and reliant on non-operating items. Gross margin improvement to 10.3% and sharply narrowed losses are encouraging, but return on equity is effectively nil at 0.13% and both equity and total assets have eroded materially over five years.

Income Statement

28Negative

Balance Sheet

64Positive

Cash Flow

58Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.78B	2.78B	3.14B	2.64B	2.86B	3.84B
Gross Profit	331.51M	285.54M	296.83M	228.39M	-4.63M	8.93M
EBITDA	171.02M	110.80M	241.46M	74.63M	6.98M	58.72M
Net Income	56.71M	2.21M	20.46M	-44.22M	-258.90M	-294.06M
Balance Sheet
Total Assets	3.13B	2.87B	3.41B	3.00B	3.42B	3.89B
Cash, Cash Equivalents and Short-Term Investments	710.83M	730.71M	717.93M	760.40M	803.32M	764.13M
Total Debt	161.38M	181.93M	381.20M	288.36M	329.31M	146.79M
Total Liabilities	1.40B	1.12B	1.59B	1.15B	1.37B	1.53B
Stockholders Equity	1.72B	1.75B	1.83B	1.83B	2.03B	2.35B
Cash Flow
Free Cash Flow	41.82M	119.33M	112.16M	163.40M	-40.42M	-184.69M
Operating Cash Flow	68.57M	148.94M	141.17M	191.93M	5.19M	-69.01M
Investing Cash Flow	38.32M	10.65M	120.87M	-35.21M	-23.18M	282.90M
Financing Cash Flow	-155.33M	-173.24M	-201.17M	-204.67M	-200.95M	-332.02M

Coxon Precise Industrial Co., Ltd Class A Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:3607 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:4552	62Neutral	TWD 1.50B	11.80	―	4.46%	-5.79%	-17.94%
TW:4581	62Neutral	TWD 1.61B	11.55	―	6.40%	8.55%	-19.58%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:2947	51Neutral	TWD 1.30B	17.76	―	3.64%	6.50%	13.15%
TW:3607	47Neutral	TWD 1.46B	26.17	―	6.61%	-13.01%	―
TW:5015	44Neutral	TWD 1.30B	13.86	―	2.34%	-19.41%	67.34%

* General Sector Average

Performance Comparison

TW:3607 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:3607	Coxon Precise Industrial Co., Ltd Class A	12.10	0.29	2.46%
TW:2947	Zhen Yu Hardware Co., Ltd.	54.90	-19.39	-26.10%
TW:4552	Lida Holdings Ltd.	13.45	-8.83	-39.63%
TW:4581	World Known MFG (Cayman) Limited	46.90	-3.77	-7.43%
TW:4582	Hengs Technology Co. Ltd.	19.85	2.17	12.29%
TW:5015	Rodex Fasteners Corp.	21.35	-5.73	-21.17%

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

Coxon Precise Industrial Co., Ltd Class A AI Stock Analysis