UDE Corp. AI Stock Analysis
UDE Corp. (3689) AI Stock Analysis
UDE Corp.
(TPEx:3689)
UDE Corp. scores well on fundamentals: five straight years of margin and profit growth, a 21% revenue rebound in 2025, low leverage at 13% debt-to-equity, and return on equity near 14%. A low P/E of 10.4 paired with a 4.0% dividend yield adds valuation appeal. Offsetting this, technicals are the clear weak point — the share price sits far below all major moving averages with negative MACD momentum, and while deeply oversold readings suggest potential for a rebound, the downtrend is well established. Modest and lumpy free cash flow due to heavy capital spending, plus a cyclical revenue profile, temper the overall score.
UDE Corp. (3689) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 8.89B
- Dividend Yield
- 3.63%
- Average Volume (3M)
- 947.83K
- Price to Earnings (P/E)
- 10.9
- Beta (1Y)
- 1.28
- Revenue Growth
- 38.71%
- EPS Growth
- 21.86%
- Country
- TW
- Employees
- 2,590
- Sector
- General
- Sector Strength
- 55
- Industry
- Hardware, Equipment & Parts
UDE Corp. Business Overview & Revenue Model
Company Description
U.D. Electronic Corp., established in Taoyuan City, Taiwan in 2005, specializes in the development, production, and distribution of a wide array of electronic components, materials, and connection solutions. The company's operations extend across Tai...
UDE Corp. Financial Statement Overview
Summary
Strong and improving fundamentals. Revenue rebounded roughly 21% in 2025 to about NT$6.21 billion, with five consecutive years of margin expansion lifting net margin to around 10.5% and net income to NT$652 million. The balance sheet is conservatively funded, with debt cut to just 13% of equity and return on equity near 14%. Cash flow is the weakest pillar: operating cash flow of NT$1.03 billion comfortably covers earnings, but heavy capital spending keeps free cash flow modest and historically volatile. The cyclical, swing-prone top line and the 2025 step-up in borrowings and assets are the main risks.
Income Statement
81Very PositiveBalance Sheet
83Very PositiveCash Flow
72Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.32B | 6.21B | 5.15B | 6.12B | 6.32B | 6.16B |
| Gross Profit | 2.18B | 1.79B | 1.40B | 1.32B | 1.21B | 1.16B |
| EBITDA | 1.18B | 1.09B | 968.69M | 897.99M | 839.94M | 751.10M |
| Net Income | 727.19M | 652.16M | 511.21M | 384.71M | 327.37M | 240.19M |
Balance Sheet | ||||||
| Total Assets | 8.88B | 7.67B | 5.77B | 5.18B | 5.22B | 5.76B |
| Cash, Cash Equivalents and Short-Term Investments | 1.99B | 1.42B | 1.40B | 1.42B | 398.06M | 381.83M |
| Total Debt | 881.61M | 628.13M | 310.16M | 791.78M | 903.02M | 1.40B |
| Total Liabilities | 3.77B | 2.73B | 1.59B | 1.77B | 2.05B | 2.80B |
| Stockholders Equity | 4.98B | 4.81B | 4.15B | 3.38B | 3.14B | 2.92B |
Cash Flow | ||||||
| Free Cash Flow | 364.48M | 432.84M | 185.51M | 1.32B | 543.79M | -200.54M |
| Operating Cash Flow | 858.06M | 1.03B | 721.19M | 1.53B | 817.30M | 73.35M |
| Investing Cash Flow | -1.39B | -1.24B | -512.49M | -217.12M | -244.93M | -149.02M |
| Financing Cash Flow | 463.04M | 377.10M | -391.93M | -250.25M | -624.55M | -250.88M |
UDE Corp. Peers Comparison
Overall Rating
- TW:368971Outperform
TW:626159Neutral
TW:328955Neutral
TW:236938Underperform
TW:670638Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:3689 | 71Outperform | TWD 8.73B | 10.92 | ― | 3.63% | 38.71% | 21.86% |
| TW:6261 | 59Neutral | TWD 8.52B | 13.76 | ― | 3.74% | 13.87% | 34.24% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:3289 | 55Neutral | TWD 9.76B | 25.00 | ― | 4.22% | -1.90% | -10.19% |
| TW:2369 | 38Underperform | TWD 9.68B | 70.09 | ― | 1.16% | 31.46% | ― |
| TW:6706 | 38Underperform | TWD 9.54B | -37.35 | ― | ― | -40.08% | 16.61% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:3689 | UDE Corp. | 100.50 | 2.05 | 2.08% | |
| TW:2369 | Lingsen Precision Industries, Ltd. | 26.30 | 3.10 | 13.36% | |
| TW:3289 | Integrated Service Technology Inc. | 119.00 | 17.36 | 17.08% | |
| TW:4925 | JMicron Technology Corporation | 101.50 | 66.97 | 193.91% | |
| TW:6261 | Youngtek Electronics Corporation | 66.80 | 8.72 | 15.01% | |
| TW:6706 | Fittech Co., Ltd. | 124.00 | 45.20 | 57.36% |
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