AMPLE Electronic Technology Co., Ltd. (4760) AI Stock Analysis

AMPLE Electronic Technology Co., Ltd.

(TPEx:4760)

Select Model

Rating:53Neutral

Price Target:TWD 228.00▼(-7.88% Downside)

Action:initiatedcoverage

Date:11/10/26

The overall score is constrained by a very weak technical picture, with the stock in a clear downtrend and showing strong bearish momentum. Financial performance is mixed, as solid income statement growth is overshadowed by poor cash flow conversion, raising concerns about earnings quality. Valuation is not cheap enough to offset these risks. The primary positive is the company's demonstrated ability to grow revenue and maintain margins, but this is not sufficient to overcome the significant near-term headwinds.

Positive Factors

Solid ProfitabilityHealthy net and EBIT margins, together with relatively stable gross margins, indicate that the company converts revenue into earnings consistently. This provides a durable base for reinvestment and resilience over the next several quarters, although future performance remains exposed to industry conditions.

Negative Factors

Volatile Cash ConversionCash generation has been materially less consistent than reported earnings, with negative operating and free cash flow in two prior years and a sharp free-cash-flow decline in 2025. Such volatility can constrain internally funded investment and make working-capital management more important.

AMPLE Electronic Technology Co., Ltd. (4760) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 8.26B
Dividend Yield: 1.78%
Average Volume (3M): 709.89K
Price to Earnings (P/E): 22.2
Beta (1Y): 1.83
Revenue Growth: 59.27%
EPS Growth: 72.75%
Country: TW
Employees: 115
Sector: General
Sector Strength: 55
Industry: Semiconductors

AMPLE Electronic Technology Co., Ltd. Business Overview & Revenue Model

Company Description

Ample Electronic Technology Co.,Ltd., a Taiwanese enterprise, focuses on the research, development, design, manufacturing, and distribution of thick-film conductive materials. Its product line includes various conductive pastes, such as high-temperat...

AMPLE Electronic Technology Co., Ltd. Financial Statement Overview

Summary

Financial performance is mixed. The income statement shows strong revenue growth and expanding margins, but the cash flow statement reveals very weak cash conversion, with operating cash flow at only 13% of net income. The balance sheet is stable but shows rising leverage. The overall score is weighed down significantly by poor cash generation quality.

Income Statement

72Positive

Balance Sheet

65Positive

Cash Flow

45Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.40B	1.91B	1.49B	1.05B	928.09M	1.73B
Gross Profit	481.76M	410.12M	326.06M	224.07M	194.27M	351.75M
EBITDA	400.06M	315.25M	271.25M	175.35M	147.27M	275.81M
Net Income	313.65M	222.93M	189.77M	116.72M	92.36M	201.13M
Balance Sheet
Total Assets	2.86B	1.76B	1.51B	1.17B	982.91M	1.42B
Cash, Cash Equivalents and Short-Term Investments	222.29M	135.48M	127.27M	142.33M	218.01M	290.22M
Total Debt	1.09B	473.30M	353.52M	224.85M	142.53M	422.51M
Total Liabilities	1.52B	700.34M	582.11M	346.84M	252.36M	590.70M
Stockholders Equity	1.35B	1.06B	924.89M	821.63M	730.55M	832.98M
Cash Flow
Free Cash Flow	-598.14M	76.92M	-42.77M	-75.03M	420.30M	95.63M
Operating Cash Flow	-487.51M	87.50M	-30.10M	-62.01M	433.42M	120.57M
Investing Cash Flow	-185.34M	-55.99M	-21.48M	-84.00M	-51.62M	3.21M
Financing Cash Flow	730.61M	6.32M	46.86M	38.79M	-453.80M	67.00M

AMPLE Electronic Technology Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:4760 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:3152	66Neutral	TWD 7.53B	19.05	―	7.73%	1.88%	-26.76%
TW:6585	63Neutral	TWD 6.74B	10.34	―	4.89%	9.62%	46.90%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:4760	53Neutral	TWD 8.06B	22.22	―	1.78%	59.27%	72.75%
TW:8942	52Neutral	TWD 7.75B	7.91	―	2.57%	-40.13%	47.76%
TW:8215	32Underperform	TWD 7.97B	-10.95	―	1.21%	1.47%	-10391.82%

* General Sector Average

Performance Comparison

TW:4760 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:4760	AMPLE Electronic Technology Co., Ltd.	247.50	80.81	48.48%
TW:3152	Advanced Ceramic X Corporation	191.50	2.63	1.39%
TW:6585	DingZing Advanced Materials, Inc.	92.10	0.01	0.02%
TW:6947	Techzone Technology Materials Co. Ltd.	60.70	-15.90	-20.76%
TW:8215	BenQ Materials Corp.	24.85	5.20	26.43%
TW:8942	Xxentria Technology Materials Co.,Ltd	38.85	2.95	8.21%

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

AMPLE Electronic Technology Co., Ltd. AI Stock Analysis