AimCore Technology Co., Ltd. AI Stock Analysis
AimCore Technology Co., Ltd. (3615) AI Stock Analysis
AimCore Technology Co., Ltd.
(TPEx:3615)
AimCore scores in the middle of the range. Financial strength is mixed: a conservatively capitalized balance sheet and much-improved cash generation provide downside protection, but four consecutive years of revenue decline, a 2.5% operating margin and low-quality, non-operating-driven earnings cap the upside. The bigger drag is technical — the stock trades below all key moving averages with negative MACD and depressed momentum readings, signaling a persistent downtrend. An inexpensive 10.6x P/E and a 2.23% dividend yield offer some valuation support, but a re-rating likely requires evidence that improved margins and cash flow can finally drive a revenue and operating-profit recovery.
AimCore Technology Co., Ltd. (3615) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 2.39B
- Dividend Yield
- 1.99%
- Average Volume (3M)
- 1.03M
- Price to Earnings (P/E)
- 11.4
- Beta (1Y)
- 0.90
- Revenue Growth
- -20.82%
- EPS Growth
- ―
- Country
- TW
- Employees
- 98
- Sector
- General
- Sector Strength
- 55
- Industry
- Hardware, Equipment & Parts
AimCore Technology Co., Ltd. Business Overview & Revenue Model
Company Description
Established in 2000 and headquartered in Hsinchu City, Taiwan, AimCore Technology Co., Ltd. manufactures and globally distributes conductive glass products. The company operates through two primary divisions: Optoelectronic Information Products and S...
AimCore Technology Co., Ltd. Financial Statement Overview
Summary
A financially safe but low-growth profile. The balance sheet is the standout (score 75): equity funds ~75% of the NT$2.98bn asset base and debt-to-equity has fallen to 0.17 after three years of deleveraging. Cash flow is also solid (score 70), with operating cash flow nearly doubling to NT$260m and free cash flow of NT$153m comfortably covering capex, though the track record is uneven and partly reflects a shrinking, lower-investment business. The income statement is the weak link (score 44): revenue has declined four straight years to NT$928m, operating margin is just 2.5%, and the rebound in net income to NT$56m leans heavily on non-operating items, leaving return on equity at only 2.5%. Improving gross margin (21.5%) is encouraging but has yet to translate into core profit growth.
Income Statement
44NeutralBalance Sheet
75PositiveCash Flow
70Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 787.19M | 927.63M | 1.02B | 1.08B | 1.13B | 1.27B |
| Gross Profit | 151.55M | 199.27M | 165.96M | 194.80M | 226.33M | 294.85M |
| EBITDA | 53.58M | 85.43M | 151.13M | 213.45M | 198.48M | 244.18M |
| Net Income | 218.75M | 56.44M | 169.00K | 60.56M | 5.89M | 97.85M |
Balance Sheet | ||||||
| Total Assets | 3.11B | 2.98B | 3.19B | 3.41B | 3.39B | 3.26B |
| Cash, Cash Equivalents and Short-Term Investments | 825.16M | 708.73M | 969.26M | 1.19B | 1.11B | 936.16M |
| Total Debt | 352.38M | 371.58M | 525.95M | 696.35M | 783.21M | 679.25M |
| Total Liabilities | 577.05M | 519.21M | 669.05M | 884.42M | 942.92M | 877.50M |
| Stockholders Equity | 2.33B | 2.25B | 2.26B | 2.29B | 2.24B | 2.20B |
Cash Flow | ||||||
| Free Cash Flow | 175.07M | 153.21M | 93.27M | 19.99M | -71.53M | 38.96M |
| Operating Cash Flow | 286.40M | 260.33M | 132.64M | 60.56M | 199.95M | 76.64M |
| Investing Cash Flow | -104.22M | -304.99M | -71.40M | 94.78M | -105.63M | -53.14M |
| Financing Cash Flow | -381.00M | -290.81M | -244.10M | -90.03M | 88.30M | -20.43M |
AimCore Technology Co., Ltd. Peers Comparison
Overall Rating
TW:653066Neutral
TW:801160Neutral
TW:490556Neutral- TW:361556Neutral
TW:658836Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:6530 | 66Neutral | TWD 2.48B | 31.73 | ― | 2.70% | 15.55% | 39.57% |
| TW:8011 | 60Neutral | TWD 2.29B | 21.08 | ― | 5.11% | -12.34% | -75.40% |
| TW:4905 | 56Neutral | TWD 2.30B | 6.46 | ― | 1.88% | 26.29% | ― |
| TW:3615 | 56Neutral | TWD 2.32B | 11.43 | ― | 1.99% | -20.82% | ― |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:6588 | 36Underperform | TWD 2.67B | 426.31 | ― | ― | 94.18% | ― |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:3615 | AimCore Technology Co., Ltd. | 35.10 | 11.63 | 49.54% | |
| TW:4905 | Tainet Communication System Corp. | 79.70 | 11.85 | 17.46% | |
| TW:6530 | Axcen Photonics Corp | 74.00 | 16.67 | 29.09% | |
| TW:6588 | East Tender Optoelectronics Corp. | 79.00 | 50.75 | 179.65% | |
| TW:7772 | Morrison Opto Electronics Ltd. | 88.30 | 20.74 | 30.71% | |
| TW:8011 | Tai Tung Communication Co., Ltd. | 13.70 | -7.61 | -35.70% |
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