Apex International Financial Engineering Res & Tech Co., Ltd. (5210) AI Stock Analysis

Apex International Financial Engineering Res & Tech Co., Ltd.

(TPEx:5210)

Select Model

Rating:64Neutral

Price Target:TWD 32.00▲(5.61% Upside)

Action:initiatedcoverage

Date:11/10/26

The score is supported primarily by the strong balance sheet and return to profitability, but is constrained by negative free cash flow, weak technical momentum, and a relatively high P/E ratio. Earnings-call and corporate-event factors were excluded because no usable data was provided.

Positive Factors

Profitability ReboundThe 2025 return to solid earnings, following sizable losses in 2023–2024, materially improves near-term earnings capacity. If retained over coming quarters, the rebound can strengthen internal funding and validate the company’s ability to convert attractive gross profitability into durable net profitability.

Negative Factors

Weak Cash ConversionWeak operating cash conversion means reported earnings are not yet translating reliably into cash that can fund growth, reduce debt, or support shareholder returns. Negative free cash flow may require working-capital improvement or tighter investment discipline before earnings quality can be viewed as durable.

Apex International Financial Engineering Res & Tech Co., Ltd. (5210) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 2.46B
Dividend Yield: ―
Average Volume (3M): 312.40K
Price to Earnings (P/E): 27.3
Beta (1Y): 0.37
Revenue Growth: 10.86%
EPS Growth: 276.65%
Country: TW
Employees: 151
Sector: General
Sector Strength: 55
Industry: Software - Application

Apex International Financial Engineering Res & Tech Co., Ltd. Business Overview & Revenue Model

Company Description

Founded in 1988 and headquartered in Taipei, Taiwan, Apex International Financial Engineering Res. & Tech. Co., Ltd delivers specialized financial information services, primarily catering to clients in Taiwan and China. The company provides a compreh...

Apex International Financial Engineering Res & Tech Co., Ltd. Financial Statement Overview

Summary

Strong balance sheet and improved profitability support the score, with equity of 801.1 million versus 40.5 million of debt and a 21.6% net margin. However, negative free cash flow and weak cash conversion materially reduce financial quality.

Income Statement

72Positive

Balance Sheet

88Very Positive

Cash Flow

35Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Mar 2024	Mar 2023	Dec 2021
Income Statement
Total Revenue	282.43M	278.00M	252.84M	261.98M	309.56M	257.16M
Gross Profit	206.27M	204.99M	171.96M	158.90M	222.86M	184.53M
EBITDA	56.77M	56.46M	-33.05M	-68.46M	10.75M	-8.11M
Net Income	90.13M	60.05M	-55.81M	-97.26M	-12.29M	-22.82M
Balance Sheet
Total Assets	1.01B	901.62M	822.20M	634.91M	886.19M	797.74M
Cash, Cash Equivalents and Short-Term Investments	457.85M	406.58M	404.62M	213.75M	409.75M	218.60M
Total Debt	59.89M	40.45M	19.34M	120.83M	291.64M	167.72M
Total Liabilities	163.64M	100.52M	82.63M	219.75M	366.81M	274.86M
Stockholders Equity	845.39M	801.10M	739.58M	415.17M	519.38M	522.88M
Cash Flow
Free Cash Flow	58.21M	-6.16M	-72.80M	-13.37M	119.87M	-122.82M
Operating Cash Flow	63.74M	14.11M	-21.78M	22.95M	130.91M	-117.00M
Investing Cash Flow	128.97M	163.99M	-297.92M	-45.91M	-3.41M	-38.28M
Financing Cash Flow	31.49M	20.56M	281.63M	-184.50M	116.13M	115.52M

Apex International Financial Engineering Res & Tech Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:5210 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:6590	82Outperform	TWD 2.15B	17.64	―	3.25%	10.69%	-8.66%
TW:2471	80Outperform	TWD 2.57B	11.26	―	6.09%	9.46%	85.40%
TW:3158	77Outperform	TWD 2.48B	10.60	―	8.04%	―	―
TW:5210	64Neutral	TWD 2.49B	27.29	―	―	10.86%	276.65%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* General Sector Average

Performance Comparison

TW:5210 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:5210	Apex International Financial Engineering Res & Tech Co., Ltd.	30.30	7.75	34.37%
TW:2471	Ares International Corp.	54.40	6.09	12.60%
TW:3158	SysJust Co., Ltd.	80.80	-29.02	-26.43%
TW:6590	Provision Information Co., Ltd.	75.00	10.32	15.95%
TW:6614	International Integrated Systems, Inc.	31.70	-33.76	-51.58%
TW:7721	Microprogram Information Co Ltd	51.00	-0.04	-0.07%

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

Apex International Financial Engineering Res & Tech Co., Ltd. AI Stock Analysis