Coremax Corporation AI Stock Analysis
Coremax Corporation (4739) AI Stock Analysis
Coremax Corporation
(TWSE:4739)
The score is weighed down primarily by weak cash generation — negative operating and free cash flow — alongside rising leverage and a return on equity of only about 3%, despite a solid revenue rebound and doubled operating profit. Technicals reinforce the caution, with the price trading far below all major moving averages and a deeply negative MACD. A modest P/E of 13.3 and a 1.5% dividend yield provide some valuation support, but until cash flow turns positive and leverage stabilizes, the risk profile remains elevated.
Coremax Corporation (4739) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 8.67B
- Dividend Yield
- 1.41%
- Average Volume (3M)
- 1.24M
- Price to Earnings (P/E)
- 13.4
- Beta (1Y)
- 1.26
- Revenue Growth
- 98.05%
- EPS Growth
- 725.72%
- Country
- TW
- Employees
- 213
- Sector
- General
- Sector Strength
- 55
- Industry
- Chemicals - Specialty
Coremax Corporation Business Overview & Revenue Model
Company Description
Coremax Corporation, established in 1992 and headquartered in Hsinchu City, Taiwan, specializes in the research, development, manufacturing, and distribution of metal-based specialty chemicals and materials for the electronics and battery sectors thr...
Coremax Corporation Financial Statement Overview
Summary
Revenue rebounded strongly to about NT$6.19 billion and operating profit more than doubled, but the recovery has not reached the bottom line: net margin slipped to 3.0% and return on equity remains near 3%. Leverage nearly doubled, with debt-to-equity rising to 0.80 as capacity expansion and working capital were debt-funded. The biggest weakness is cash generation — operating cash flow swung to roughly negative NT$564 million and free cash flow to about negative NT$1.5 billion, showing poor profit-to-cash conversion. Overall, a cyclically improving but financially stretched profile.
Income Statement
55NeutralBalance Sheet
54NeutralCash Flow
27Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 9.20B | 6.19B | 4.10B | 5.23B | 9.08B | 7.34B |
| Gross Profit | 1.42B | 848.66M | 541.79M | 176.12M | 1.02B | 943.37M |
| EBITDA | 1.56B | 789.56M | 667.26M | 335.32M | 1.07B | 919.51M |
| Net Income | 639.36M | 184.31M | 169.04M | -100.23M | 493.16M | 462.93M |
Balance Sheet | ||||||
| Total Assets | 13.63B | 12.58B | 9.85B | 9.92B | 11.30B | 10.21B |
| Cash, Cash Equivalents and Short-Term Investments | 3.39B | 3.33B | 3.02B | 2.92B | 3.19B | 1.93B |
| Total Debt | 4.84B | 4.62B | 2.46B | 2.76B | 4.07B | 3.87B |
| Total Liabilities | 6.19B | 5.86B | 3.31B | 3.56B | 5.39B | 4.74B |
| Stockholders Equity | 6.43B | 5.76B | 5.54B | 5.41B | 5.00B | 4.72B |
Cash Flow | ||||||
| Free Cash Flow | -1.10B | -1.50B | 520.80M | 424.81M | 1.02B | -1.07B |
| Operating Cash Flow | -252.95M | -564.08M | 773.30M | 1.12B | 1.57B | -639.21M |
| Investing Cash Flow | -736.46M | -1.15B | -274.09M | -607.99M | -524.08M | -539.09M |
| Financing Cash Flow | 1.87B | 2.14B | -410.08M | -775.57M | 130.61M | 2.38B |
Coremax Corporation Peers Comparison
Overall Rating
TW:650969Neutral
TW:315266Neutral
TW:894252Neutral- TW:473946Neutral
TW:498941Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:6509 | 69Neutral | TWD 9.02B | 12.96 | ― | 3.23% | 2.00% | 57.23% |
| TW:3152 | 66Neutral | TWD 7.57B | 19.49 | ― | 7.67% | 1.88% | -26.76% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:8942 | 52Neutral | TWD 7.77B | 7.30 | ― | 2.56% | -40.13% | 47.76% |
| TW:4739 | 46Neutral | TWD 8.41B | 13.42 | ― | 1.41% | 98.05% | 725.72% |
| TW:4989 | 41Neutral | TWD 10.18B | -37.53 | ― | ― | 63.30% | 87.48% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:4739 | Coremax Corporation | 71.00 | -0.53 | -0.74% | |
| TW:3152 | Advanced Ceramic X Corporation | 193.00 | -0.07 | -0.04% | |
| TW:4989 | LCY Technology Corp. | 60.90 | 13.39 | 28.18% | |
| TW:6509 | Taiwan Hopax Chemicals Manufacturing Co. Ltd. | 43.20 | 10.94 | 33.93% | |
| TW:7763 | Johnson Fine Chemical Co Ltd | 141.50 | 66.66 | 89.07% | |
| TW:8942 | Xxentria Technology Materials Co.,Ltd | 39.00 | 3.00 | 8.34% |
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