HIGGSTEC Inc AI Stock Analysis
HIGGSTEC Inc (5220) AI Stock Analysis
HIGGSTEC Inc
(TPEx:5220)
Higgstec scores low primarily on deteriorating fundamentals: five consecutive years of revenue decline, sharp gross margin compression, a swing into operating and net losses, and operating cash flow that has collapsed more than 95% since 2020 with free cash flow now slightly negative. Technicals reinforce the caution, with the share price trading below all major moving averages and a negative MACD. Valuation offers no relief, as a P/E of 120.9 on depressed earnings leaves little margin of safety and the 1.55% dividend yield is thin relative to the risk. The main mitigating strength is a conservative balance sheet with low debt-to-equity of 0.36 and equity funding roughly two-thirds of assets, which reduces near-term solvency risk and buys management time, but until there is evidence of a demand or margin inflection the risk-reward remains unfavorable.
HIGGSTEC Inc (5220) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 801.06M
- Dividend Yield
- 1.50%
- Average Volume (3M)
- 85.14K
- Price to Earnings (P/E)
- 127.2
- Beta (1Y)
- 0.41
- Revenue Growth
- 30.02%
- EPS Growth
- ―
- Country
- TW
- Employees
- 297
- Sector
- General
- Sector Strength
- 55
- Industry
- Hardware, Equipment & Parts
HIGGSTEC Inc Business Overview & Revenue Model
Company Description
Higgstec Inc. provides comprehensive services, from research and development to design, manufacturing, sales, and ongoing support for a wide array of touch solutions. Their product offerings include advanced projected capacitive (PCAP) touch solution...
HIGGSTEC Inc Financial Statement Overview
Summary
Fundamentals are weak. Revenue has declined five years running (NT$1.18bn in 2020 to NT$682m in 2025, -42% cumulatively), gross margin has compressed from 35.2% to 18.4%, and the company swung to an operating loss (-3.9% margin) and a net loss of NT$25.6m in 2025. Cash generation has nearly dried up, with operating cash flow of just NT$9.0m (down over 95% from 2020) and free cash flow turning slightly negative. The clear offset is a conservative balance sheet: equity funds 64% of assets, debt-to-equity is a modest 0.36 and falling, giving the company time to stabilize. However, a shrinking asset base, three straight years of declining equity and a -3.5% return on equity show capital is no longer being deployed productively.
Income Statement
24NegativeBalance Sheet
63PositiveCash Flow
29Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 817.15M | 681.81M | 682.71M | 785.03M | 975.59M | 1.01B |
| Gross Profit | 150.80M | 125.18M | 137.75M | 179.36M | 259.10M | 335.94M |
| EBITDA | 42.98M | 10.96M | 59.62M | 91.83M | 188.68M | 208.05M |
| Net Income | 6.48M | -25.61M | 11.14M | 37.64M | 114.43M | 135.91M |
Balance Sheet | ||||||
| Total Assets | 1.24B | 1.14B | 1.23B | 1.36B | 1.43B | 1.49B |
| Cash, Cash Equivalents and Short-Term Investments | 302.03M | 263.40M | 323.01M | 452.11M | 507.94M | 461.89M |
| Total Debt | 261.49M | 263.75M | 289.02M | 374.75M | 378.42M | 412.13M |
| Total Liabilities | 499.22M | 411.20M | 447.45M | 549.02M | 593.31M | 677.04M |
| Stockholders Equity | 745.14M | 730.32M | 782.04M | 806.32M | 840.18M | 812.93M |
Cash Flow | ||||||
| Free Cash Flow | 17.03M | -892.00K | 2.71M | 25.00M | 167.38M | 60.60M |
| Operating Cash Flow | 22.25M | 9.02M | 8.88M | 60.20M | 194.08M | 225.16M |
| Investing Cash Flow | -5.22M | -9.88M | -6.71M | -5.01M | -53.24M | -149.57M |
| Financing Cash Flow | -45.16M | -53.41M | -131.51M | -80.26M | -125.51M | 11.29M |
HIGGSTEC Inc Peers Comparison
Overall Rating
TW:455843Neutral- TW:522040Underperform
TW:450237Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:4558 | 43Neutral | TWD 847.50M | 19.93 | ― | ― | 10.33% | ― |
| TW:5220 | 40Underperform | TWD 795.32M | 127.19 | ― | 1.50% | 30.02% | ― |
| TW:4502 | 37Underperform | TWD 900.72M | -22.64 | ― | ― | -5.95% | -25.08% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:5220 | HIGGSTEC Inc | 20.00 | 1.91 | 10.58% | |
| TW:4502 | Jian Sin Industrial Co., Ltd. | 15.85 | -0.30 | -1.86% | |
| TW:4544 | Chun Zu Machinery Industry Co., Ltd. | 12.80 | -2.21 | -14.70% | |
| TW:4558 | Alformer Industrial Co Ltd | 17.95 | -2.50 | -12.22% | |
| TW:4575 | Chumpower Machinery Corp. | 20.40 | 0.38 | 1.92% |
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