Ennostar Inc. (3714) AI Stock Analysis

Ennostar Inc.

(TWSE:3714)

Select Model

Rating:48Neutral

Price Target:TWD 104.00▲(8.16% Upside)

Action:initiatedcoverage

Date:11/10/26

The score is primarily constrained by weak profitability, declining operating momentum, and negative earnings-based valuation. Low leverage, positive free cash flow, and a strong long-term moving-average position provide some support, but technical momentum remains unfavorable.

Positive Factors

Conservative Balance SheetVery low and declining leverage gives Ennostar a meaningful financial cushion through semiconductor and LED industry downcycles. The limited debt burden reduces refinancing pressure, preserves borrowing capacity, and leaves greater flexibility to fund operations or pursue opportunities.

Negative Factors

Persistent Loss-Making OperationsContinued net and operating losses indicate that the current business model is not yet converting revenue into sustainable earnings. Persistent losses can limit internally funded growth, weaken returns on capital, and make recovery dependent on a successful improvement in operating performance.

Ennostar Inc. (3714) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 41.77B
Dividend Yield: 5.97%
Average Volume (3M): 6.15M
Price to Earnings (P/E): -138.3
Beta (1Y): 0.78
Revenue Growth: 4.37%
EPS Growth: ―
Country: TW
Employees: 74
Sector: General
Sector Strength: 55
Industry: Semiconductors

Ennostar Inc. Business Overview & Revenue Model

Company Description

ENNOSTAR Inc. engages in the research and development, design, manufacturing and sales of EPI wafers and chips of A1GaInP, AlGaAs and InGaN, and light-emitting diode packages and modules. It operates in Taiwan, China, Malaysia, Japan, Hong Kong, Sout...

Ennostar Inc. Financial Statement Overview

Summary

Weak profitability, declining revenue, compressed margins, and reduced cash-flow generation weigh heavily on the score. The conservative balance sheet, low debt, and positive operating and free cash flow provide meaningful support.

Income Statement

25Negative

Balance Sheet

78Positive

Cash Flow

48Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	22.38B	22.18B	24.39B	22.31B	28.88B	36.42B
Gross Profit	1.29B	1.12B	3.32B	1.17B	4.98B	7.62B
EBITDA	495.15M	320.37M	2.87B	-1.80B	4.86B	7.75B
Net Income	-299.03M	-2.71B	-1.39B	-6.78B	-566.38M	2.18B
Balance Sheet
Total Assets	54.42B	51.76B	59.48B	64.10B	73.04B	76.89B
Cash, Cash Equivalents and Short-Term Investments	15.99B	15.20B	15.32B	16.68B	16.94B	12.56B
Total Debt	1.79B	1.99B	4.16B	7.27B	7.93B	10.10B
Total Liabilities	9.92B	9.23B	11.94B	14.96B	16.38B	22.28B
Stockholders Equity	43.32B	41.41B	46.18B	47.37B	54.40B	52.32B
Cash Flow
Free Cash Flow	-398.84M	580.43M	1.70B	171.56M	3.51B	-497.07M
Operating Cash Flow	1.15B	1.85B	3.22B	2.38B	7.96B	4.35B
Investing Cash Flow	-775.46M	-657.36M	433.67M	-2.13B	-4.70B	-218.67M
Financing Cash Flow	-1.38B	-2.73B	-4.84B	-765.16M	295.88M	3.55B

Ennostar Inc. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:3714 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:6271	68Neutral	TWD 42.48B	20.89	―	1.40%	4.90%	41.69%
TW:4979	61Neutral	TWD 54.47B	58.49	―	0.54%	23.09%	43.10%
TW:6176	60Neutral	TWD 26.93B	9.50	―	9.91%	-11.20%	-42.48%
TW:8021	57Neutral	TWD 54.28B	55.90	―	0.49%	70.02%	257.46%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:3714	48Neutral	TWD 38.16B	-138.29	―	5.97%	4.37%	―
TW:6451	39Underperform	TWD 33.94B	248.31	―	0.07%	9.32%	―

* General Sector Average

Performance Comparison

TW:3714 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:3714	Ennostar Inc.	96.15	39.16	68.71%
TW:4979	Luxnet Corporation	396.00	192.05	94.17%
TW:6176	Radiant Opto-Electronics Corp.	80.70	-79.28	-49.56%
TW:6271	Tong Hsing Electronic Industries ,Ltd.	214.00	87.60	69.30%
TW:6451	ShunSin Technology Holdings Ltd.	290.50	137.58	89.96%
TW:8021	Topoint Technology Co., Ltd.	394.50	260.32	194.01%

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 10, 2026

Ennostar Inc. AI Stock Analysis