Koge Micro Tech Co., Ltd. (4568) AI Stock Analysis

Koge Micro Tech Co., Ltd.

(TPEx:4568)

Select Model

Rating:74Outperform

Price Target:TWD 55.00▲(10.66% Upside)

Action:initiatedcoverage

Date:11/10/26

The score is supported primarily by the strong balance sheet and constructive technical trend. Positive cash generation and the dividend yield are additional strengths, while declining profitability, weaker cash conversion, and a relatively high P/E ratio constrain the upside.

Positive Factors

Very low leverageThe company’s very low leverage and substantial equity base provide resilience across business cycles. Limited debt reduces financing pressure and preserves flexibility to fund operations, absorb weaker periods, or pursue growth without depending heavily on external capital.

Negative Factors

Margin compressionMeaningful gross and net margin declines indicate that the revenue rebound is not translating proportionally into profit. Persistent cost pressure or weaker operating leverage could limit earnings recovery and reduce the company’s ability to compound returns.

Koge Micro Tech Co., Ltd. (4568) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 1.55B
Dividend Yield: 3.98%
Average Volume (3M): 57.99K
Price to Earnings (P/E): 26.5
Beta (1Y): 0.19
Revenue Growth: 0.83%
EPS Growth: -19.72%
Country: TW
Employees: 120
Sector: General
Sector Strength: 55
Industry: Industrial - Machinery

Koge Micro Tech Co., Ltd. Business Overview & Revenue Model

Company Description

This global enterprise specializes in the design, manufacturing, and worldwide distribution of high-precision pumps and valves. Its extensive portfolio encompasses a broad spectrum of pumps, including air, vacuum, water, gear, electromagnetic, rotary...

Koge Micro Tech Co., Ltd. Financial Statement Overview

Summary

Strong balance sheet with very low debt and positive cash generation supports the score. However, declining margins, net income, return on equity, and weaker cash conversion limit financial momentum.

Income Statement

62Positive

Balance Sheet

88Very Positive

Cash Flow

65Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.22B	1.22B	1.17B	1.04B	1.30B	1.37B
Gross Profit	346.14M	345.84M	376.55M	312.30M	397.28M	449.91M
EBITDA	110.83M	143.33M	180.32M	109.82M	256.27M	242.29M
Net Income	57.81M	63.53M	88.67M	33.20M	149.01M	148.90M
Balance Sheet
Total Assets	1.72B	1.69B	1.64B	1.57B	1.71B	1.78B
Cash, Cash Equivalents and Short-Term Investments	538.31M	525.85M	567.14M	628.00M	664.66M	607.21M
Total Debt	57.53M	36.31M	2.30M	38.84M	63.46M	60.88M
Total Liabilities	653.04M	597.94M	523.56M	493.76M	537.25M	675.42M
Stockholders Equity	1.06B	1.10B	1.12B	1.08B	1.17B	1.11B
Cash Flow
Free Cash Flow	81.82M	31.86M	44.17M	118.11M	173.03M	214.02M
Operating Cash Flow	130.65M	77.86M	86.11M	150.08M	246.29M	315.77M
Investing Cash Flow	-45.64M	-48.13M	-58.74M	-48.15M	-66.53M	-99.65M
Financing Cash Flow	23.31M	-70.73M	-113.07M	-148.75M	-124.78M	-87.04M

Koge Micro Tech Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:4568 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:4568	74Outperform	TWD 1.57B	26.52	―	3.98%	0.83%	-19.72%
TW:4503	71Outperform	TWD 1.41B	4.85	―	―	-12.40%	1140.01%
TW:1541	64Neutral	TWD 1.52B	7.17	―	2.59%	-30.14%	21.52%
TW:1540	59Neutral	TWD 1.50B	14.34	―	5.71%	-11.52%	60.68%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:3607	47Neutral	TWD 1.46B	26.28	―	6.53%	-13.01%	―

* General Sector Average

Performance Comparison

TW:4568 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:4568	Koge Micro Tech Co., Ltd.	49.70	9.19	22.69%
TW:1540	Roundtop Machinery Industries Co., Ltd	17.50	-4.06	-18.82%
TW:1541	Chang Type Industrial Co., Ltd.	19.30	-5.25	-21.38%
TW:3607	Coxon Precise Industrial Co., Ltd Class A	12.25	0.44	3.73%
TW:4503	Gold Rain Enterprises Corp.	18.05	-31.45	-63.54%
TW:6705	Martas Precision Slide Co. Ltd.	93.80	24.25	34.86%

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

Koge Micro Tech Co., Ltd. AI Stock Analysis