Electric Power Technology Limited (4529) AI Stock Analysis

Electric Power Technology Limited

(TPEx:4529)

Select Model

Rating:39Underperform

Price Target:TWD 3.00▼(-2.28% Downside)

Action:initiatedcoverage

Date:11/10/26

The overall score is very low, driven primarily by a fundamentally broken business model. The company is generating massive operating losses and burning through cash, which is rapidly depleting its only strength—a debt-free balance sheet. This financial distress is confirmed by a bearish technical trend, with the stock price in a sustained downtrend across all major moving averages. The negative P/E ratio further underscores the lack of earnings power, making the stock highly unattractive.

Positive Factors

Low LeverageVery low leverage reduces balance-sheet financial risk and limits the burden of interest or debt repayments. This gives the company more room to manage operations and pursue a recovery, although it does not by itself offset persistent losses or ongoing cash consumption.

Negative Factors

Persistent Heavy LossesRepeated large operating and net losses show that gross profit is not covering the company’s broader cost structure. This weakens earnings quality, erodes shareholder value, and makes a durable return to profitability dependent on substantial operating improvement.

Electric Power Technology Limited (4529) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 237.37M
Dividend Yield: ―
Average Volume (3M): 40.44K
Price to Earnings (P/E): -4.7
Beta (1Y): 0.42
Revenue Growth: 233.55%
EPS Growth: 19.08%
Country: TW
Employees: 42
Sector: General
Sector Strength: 55
Industry: Electrical Equipment & Parts

Electric Power Technology Limited Business Overview & Revenue Model

Company Description

Electric Power Technology Limited specializes in the research, development, manufacturing, and global marketing of electric vehicles. Its market reach spans both Taiwan and various international territories. The company also strategically operates wi...

Electric Power Technology Limited Financial Statement Overview

Summary

Financial performance is critically weak. The income statement shows massive and persistent operating losses with a net profit margin of -1,177.3% and declining revenue. Cash flow is deeply negative, with operations burning NT$89.4 million. The only positive is a conservative balance sheet with minimal debt, but equity is being rapidly eroded by these losses.

Income Statement

8Very Negative

Balance Sheet

72Positive

Cash Flow

5Very Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Mar 2023	Dec 2021
Income Statement
Total Revenue	12.41M	5.29M	6.79M	4.95M	2.90M	3.19M
Gross Profit	5.79M	3.38M	4.67M	540.00K	-5.34M	-5.79M
EBITDA	-39.75M	-53.96M	-101.03M	-76.28M	35.93M	-173.25M
Net Income	-54.21M	-62.28M	-109.48M	-86.43M	27.66M	-499.86M
Balance Sheet
Total Assets	491.70M	306.86M	320.00M	445.42M	556.50M	1.58B
Cash, Cash Equivalents and Short-Term Investments	60.96M	98.15M	92.83M	136.10M	233.70M	29.33M
Total Debt	224.97M	9.20M	2.15M	5.19M	7.13M	68.49M
Total Liabilities	279.16M	41.38M	24.58M	30.33M	27.00M	407.64M
Stockholders Equity	211.65M	264.48M	294.72M	413.88M	526.91M	1.17B
Cash Flow
Free Cash Flow	-267.92M	-90.17M	-52.71M	-56.01M	-61.14M	-72.55M
Operating Cash Flow	-81.45M	-89.43M	-50.54M	-50.63M	-28.31M	-68.31M
Investing Cash Flow	-145.51M	58.27M	51.21M	47.30M	312.51M	77.38M
Financing Cash Flow	223.65M	16.10M	-2.91M	-3.94M	-273.97M	15.60M

Electric Power Technology Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:4529 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:1516	39Underperform	TWD 553.65M	3605.77	―	―	-10.15%	―
TW:4609	39Underperform	TWD 192.27M	-17.33	―	―	-2.11%	-3.47%
TW:4529	39Underperform	TWD 268.59M	-4.72	―	―	233.55%	19.08%

* General Sector Average

Performance Comparison

TW:4529 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:4529	Electric Power Technology Limited	3.07	-0.59	-16.12%
TW:1516	Falcon Power Co., Ltd.	18.75	-3.71	-16.54%
TW:4609	Airlux Electrical Co. Ltd.	4.41	-1.61	-26.74%
TW:6639	Grand Green Energy Corp.	2.51	-4.49	-64.14%
TW:7946	Guang Teng Renewable Energy Co., Ltd.	35.00	-17.60	-33.46%

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

Electric Power Technology Limited AI Stock Analysis