Generalplus Technology Inc. AI Stock Analysis
Generalplus Technology Inc. (4952) AI Stock Analysis
Generalplus Technology Inc.
(TWSE:4952)
Generalplus scores in the lower-middle range. The dominant drag is a multi-year earnings downcycle: revenue has contracted to NT$2.13bn, margins have roughly halved since 2021-2022, and net income fell 55% last year, pushing ROE to just 5.3%. This is partly offset by an exceptionally conservative, near debt-free balance sheet and dependable cash conversion that should carry the company through the downturn. Technicals add further caution, with the shares trading below all major moving averages and a negative MACD, though the deeply oversold RSI suggests downside momentum may be stretched. Valuation is reasonable but not compelling at 17.5x earnings, with a 2.5% dividend yield offering some support. A re-rating likely requires evidence of recovering end-market demand and margin restoration.
Generalplus Technology Inc. (4952) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 4.53B
- Dividend Yield
- 2.42%
- Average Volume (3M)
- 296.13K
- Price to Earnings (P/E)
- 17.5
- Beta (1Y)
- 0.85
- Revenue Growth
- 20.23%
- EPS Growth
- 125.35%
- Country
- TW
- Employees
- 12,058
- Sector
- General
- Sector Strength
- 55
- Industry
- Semiconductors
Generalplus Technology Inc. Business Overview & Revenue Model
Company Description
Generalplus Technology Inc. engages in the research, development, design, manufacturing, and sale of integrated circuit products in Taiwan and internationally. It offers channel speech/tone synthesizers, sound processors, controllers, and one battery...
Generalplus Technology Inc. Financial Statement Overview
Summary
A near debt-free balance sheet (debt-to-equity around 0.08, equity funding ~77% of assets) is the clear strength, and cash conversion remains healthy with free cash flow at roughly 80% of net income. However, the income statement is weak: revenue has fallen in four of the past five years to NT$2.13bn, operating margin compressed from 21.9% to 6.4%, net income dropped 55% year over year, and ROE has slid to 5.3%. Low financial risk, but currently low returns.
Income Statement
43NeutralBalance Sheet
80PositiveCash Flow
62Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.36B | 2.13B | 2.46B | 2.17B | 3.17B | 3.58B |
| Gross Profit | 781.07M | 711.00M | 901.80M | 822.25M | 1.44B | 1.63B |
| EBITDA | 266.90M | 172.82M | 350.12M | 295.52M | 798.88M | 894.42M |
| Net Income | 193.74M | 112.35M | 246.89M | 167.99M | 579.38M | 658.71M |
Balance Sheet | ||||||
| Total Assets | 3.20B | 2.76B | 2.92B | 2.79B | 3.31B | 3.72B |
| Cash, Cash Equivalents and Short-Term Investments | 1.10B | 942.42M | 1.04B | 957.81M | 1.11B | 1.54B |
| Total Debt | 227.09M | 158.85M | 107.07M | 61.92M | 33.41M | 131.12M |
| Total Liabilities | 985.30M | 646.06M | 674.12M | 679.66M | 806.91M | 1.22B |
| Stockholders Equity | 2.21B | 2.11B | 2.24B | 2.11B | 2.50B | 2.50B |
Cash Flow | ||||||
| Free Cash Flow | 251.88M | 170.03M | 215.03M | 416.36M | 251.40M | 799.52M |
| Operating Cash Flow | 284.24M | 213.48M | 274.81M | 478.30M | 323.58M | 887.11M |
| Investing Cash Flow | -147.66M | -21.72M | -187.38M | 54.91M | -204.33M | -156.76M |
| Financing Cash Flow | -287.90M | -193.20M | -106.86M | -531.72M | -691.21M | -278.47M |
Generalplus Technology Inc. Peers Comparison
Overall Rating
TW:497464Neutral
TW:529964Neutral
TW:824963Neutral
TW:331756Neutral- TW:495253Neutral
TW:497643Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:4974 | 64Neutral | TWD 4.55B | 12.88 | ― | 6.25% | -18.51% | -25.78% |
| TW:5299 | 64Neutral | TWD 4.05B | 10.85 | ― | 4.59% | -8.83% | 69.15% |
| TW:8249 | 63Neutral | TWD 4.42B | -125.74 | ― | 6.16% | -0.40% | -105.99% |
| TW:3317 | 56Neutral | TWD 4.60B | 27.66 | ― | 0.97% | 0.01% | -22.67% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:4952 | 53Neutral | TWD 4.54B | 17.49 | ― | 2.42% | 20.23% | 125.35% |
| TW:4976 | 43Neutral | TWD 4.53B | -12.66 | ― | ― | -7.21% | -68.39% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:4952 | Generalplus Technology Inc. | 41.25 | 4.10 | 11.04% | |
| TW:3317 | Niko Semiconductor Co., Ltd. | 51.80 | 1.69 | 3.37% | |
| TW:4974 | Asia Tech Image Inc. | 62.40 | -5.64 | -8.29% | |
| TW:4976 | CALIN Technology Co., Ltd. | 33.15 | 0.85 | 2.63% | |
| TW:5299 | Excelliance MOS Corp. | 79.80 | 7.47 | 10.32% | |
| TW:8249 | Creative Sensor Inc. | 33.75 | -17.01 | -33.51% |
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