HIWIN Mikrosystem Corp. (4576) AI Stock Analysis

HIWIN Mikrosystem Corp.

(TWSE:4576)

Select Model

Rating:62Neutral

Price Target:TWD 177.00▼(-9.00% Downside)

Action:initiatedcoverage

Date:11/10/26

The score is supported primarily by strong financial performance and a sound balance sheet. Bearish technical trends and an expensive valuation materially reduce the score, despite oversold momentum indicators.

Positive Factors

Profitability RecoveryThe 2025 rebound shows that HIWIN Mikrosystem can restore profitability as operating conditions improve. Higher gross, operating, and net margins strengthen internal funding capacity and provide a better base for sustaining investment in precision motion-control products.

Negative Factors

Earnings VolatilityThe sharp swing from strong earlier profitability to weak 2023–2024 results shows that earnings are sensitive to business conditions. This reduces confidence that the improved 2025 margins will persist through a full cycle and makes future profitability less predictable.

HIWIN Mikrosystem Corp. (4576) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 25.58B
Dividend Yield: 0.41%
Average Volume (3M): 2.12M
Price to Earnings (P/E): 60.9
Beta (1Y): 1.60
Revenue Growth: 33.61%
EPS Growth: 188.28%
Country: TW
Employees: 1,489
Sector: General
Sector Strength: 55
Industry: Electrical Equipment & Parts

HIWIN Mikrosystem Corp. Business Overview & Revenue Model

Company Description

Hiwin Mikrosystem Corporation develops and manufactures linear motion and control system in Taiwan and Israel. The company operates in three segments: Precision Motion and Control Parts, Micro and Nano-Positioning Systems, and Others. It offers stage...

HIWIN Mikrosystem Corp. Financial Statement Overview

Summary

Strong 2025 recovery, with higher revenue and profitability, lower leverage, and positive free cash flow. However, revenue remains below historical highs, ROE is moderate, and operating cash flow declined year over year.

Income Statement

78Positive

Balance Sheet

82Very Positive

Cash Flow

70Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.32B	2.71B	2.25B	2.17B	3.23B	3.18B
Gross Profit	1.14B	917.45M	699.42M	668.43M	1.12B	1.09B
EBITDA	708.37M	479.88M	306.04M	237.85M	556.52M	577.19M
Net Income	392.58M	241.33M	60.65M	5.10M	326.94M	297.07M
Balance Sheet
Total Assets	7.56B	7.01B	6.63B	6.16B	5.86B	5.90B
Cash, Cash Equivalents and Short-Term Investments	1.28B	1.13B	961.71M	646.17M	747.05M	729.82M
Total Debt	1.28B	1.31B	1.44B	1.09B	819.81M	981.07M
Total Liabilities	2.88B	2.57B	2.47B	2.13B	1.75B	2.04B
Stockholders Equity	4.29B	4.10B	3.87B	3.79B	3.90B	3.70B
Cash Flow
Free Cash Flow	449.84M	359.00M	-39.92M	-81.65M	339.95M	480.56M
Operating Cash Flow	548.69M	441.27M	519.19M	221.22M	409.92M	569.42M
Investing Cash Flow	-309.45M	-188.71M	-593.66M	-695.27M	-106.44M	-88.96M
Financing Cash Flow	-73.83M	-164.55M	335.53M	148.68M	-276.48M	-242.51M

HIWIN Mikrosystem Corp. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:4576 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:6903	66Neutral	TWD 18.34B	12.78	―	3.04%	196.19%	262.75%
TW:6584	63Neutral	TWD 22.35B	29.73	―	0.75%	44.48%	204.25%
TW:4576	62Neutral	TWD 22.04B	60.86	―	0.41%	33.61%	188.28%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* General Sector Average

Performance Comparison

TW:4576 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:4576	HIWIN Mikrosystem Corp.	194.50	86.39	79.91%
TW:4573	GMT Global Inc.	517.00	450.11	672.90%
TW:4585	Techman Robot, Inc.	219.00	-137.98	-38.65%
TW:6584	NAN JUEN INTERNATIONAL CO., LTD.	324.50	25.19	8.41%
TW:6903	Jiu Han System Technology Co Ltd	280.00	115.66	70.38%
TW:7942	Toyo Automation Co. Ltd.	519.00	168.00	47.86%

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 09, 2026

HIWIN Mikrosystem Corp. AI Stock Analysis