AimCore Technology Co., Ltd. (3615) AI Stock Analysis

AimCore Technology Co., Ltd.

(TPEx:3615)

Select Model

Rating:60Neutral

Price Target:TWD 33.00▼(-5.98% Downside)

Action:initiatedcoverage

Date:11/10/26

Mixed financial performance with a strong balance sheet and cash generation but ongoing revenue declines weighs most on the score. Weak technical momentum from price action below moving averages and negative MACD adds pressure, while attractive valuation offers partial support.

Positive Factors

Profitability RecoveryThe 2025 rebound shows the company can restore profitability after near break-even results in 2024. Higher gross and net margins improve internal funding capacity and provide a stronger base for resilience, although sustaining this benefit depends on reversing the top-line decline.

Negative Factors

Multi-Year Revenue ContractionPersistent revenue contraction is a fundamental concern because it limits operating leverage and makes recent profit improvement harder to sustain. Continued top-line pressure may weaken scale benefits, constrain reinvestment, and raise longer-term questions about demand and competitiveness.

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

Stable balance sheet with low debt-to-equity of 0.17 and improved cash flows are offset by steady revenue declines since 2021 and volatile profitability.

Income Statement

48Neutral

Balance Sheet

76Positive

Cash Flow

71Positive

Financial statement breakdown
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

UnderperformOutperform

Sector (55)

Financial Indicators

TW:3615 against its peers
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:3615	60Neutral	TWD 2.32B	11.43	―	1.99%	-20.82%	―
TW:4905	56Neutral	TWD 2.30B	6.46	―	1.88%	26.29%	―
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

TW:3615 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:3615	AimCore Technology Co., Ltd.	35.10	11.92	51.44%
TW:4905	Tainet Communication System Corp.	79.70	12.73	19.02%
TW:6530	Axcen Photonics Corp	74.00	18.34	32.95%
TW:6588	East Tender Optoelectronics Corp.	79.00	51.10	183.15%
TW:7772	Morrison Opto Electronics Ltd.	88.30	22.23	33.64%
TW:8011	Tai Tung Communication Co., Ltd.	13.70	-6.98	-33.76%

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

AimCore Technology Co., Ltd. AI Stock Analysis