Formosa Optical Technology Co., Ltd. AI Stock Analysis
Formosa Optical Technology Co., Ltd. (5312) AI Stock Analysis
Formosa Optical Technology Co., Ltd.
(TPEx:5312)
Formosa Optical earns a moderate score. Fundamentals carry the most weight and are mixed: strong, cash-backed earnings and expanding gross margins are offset by a sharp drop in operating margin, a 22% decline in net income, rising debt (D/E of 1.08) and falling return on equity. Valuation is the clearest strength, with a modest 12.0x P/E and a generous 7.5% dividend yield that provide an attractive income profile and downside cushion. The main drag is technical: the stock trades below all key moving averages with negative MACD momentum and a weak RSI near oversold levels, signaling persistent selling pressure. The result is a stable, cash-rich business attractively priced, but with deteriorating profitability and an unsupportive price trend.
Formosa Optical Technology Co., Ltd. (5312) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 5.41B
- Dividend Yield
- 7.22%
- Average Volume (3M)
- 24.11K
- Price to Earnings (P/E)
- 12.3
- Beta (1Y)
- 0.27
- Revenue Growth
- 12.13%
- EPS Growth
- 2.35%
- Country
- TW
- Employees
- 1,380
- Sector
- General
- Sector Strength
- 55
- Industry
- Medical - Instruments & Supplies
Formosa Optical Technology Co., Ltd. Business Overview & Revenue Model
Company Description
Formosa Optical Technology Co.,Ltd. is a dedicated supplier of vision care products across Taiwan. Their diverse portfolio features corrective eyewear such as prescription glasses and sunglasses, alongside a variety of contact lenses, including both...
Formosa Optical Technology Co., Ltd. Financial Statement Overview
Summary
Formosa Optical combines dependable cash generation with softening profitability. Operating cash flow of NT$833.6 million is more than twice reported net income and free cash flow remains solidly positive at NT$531.2 million, supporting a cash-flow score of 70. The income statement (61) shows steady revenue growth to NT$4.13 billion and a gross margin that has improved every year to 63.5%, but operating margin halved to 7.2% and net income fell about 22% to NT$385.0 million as costs rose. The balance sheet (56) is the weakest link: total debt has roughly doubled to NT$4.01 billion, debt-to-equity has climbed to 1.08, and return on equity has slipped from 14.2% to 10.3%, thinning financial flexibility if earnings pressure persists.
Income Statement
61PositiveBalance Sheet
56NeutralCash Flow
70Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.39B | 4.13B | 3.97B | 3.86B | 3.30B | 2.91B |
| Gross Profit | 2.80B | 2.62B | 2.50B | 2.38B | 2.01B | 1.75B |
| EBITDA | 869.02M | 850.64M | 1.06B | 1.03B | 758.28M | 201.64M |
| Net Income | 439.65M | 384.98M | 494.81M | 417.94M | 170.19M | 289.90M |
Balance Sheet | ||||||
| Total Assets | 9.97B | 9.15B | 8.00B | 7.14B | 6.35B | 5.73B |
| Cash, Cash Equivalents and Short-Term Investments | 5.00B | 4.46B | 3.94B | 3.42B | 2.93B | 503.75M |
| Total Debt | 3.31B | 4.01B | 3.21B | 2.47B | 2.58B | 1.98B |
| Total Liabilities | 5.69B | 5.43B | 4.52B | 4.17B | 3.75B | 3.08B |
| Stockholders Equity | 4.29B | 3.73B | 3.47B | 2.96B | 2.59B | 2.65B |
Cash Flow | ||||||
| Free Cash Flow | 474.14M | 531.15M | 583.29M | 668.13M | 555.32M | 545.44M |
| Operating Cash Flow | 725.66M | 833.62M | 814.46M | 903.51M | 693.35M | 677.86M |
| Investing Cash Flow | -269.58M | -473.13M | -422.80M | -371.63M | -729.84M | -280.46M |
| Financing Cash Flow | -500.10M | -339.76M | -435.45M | -556.49M | -12.30M | -473.56M |
Formosa Optical Technology Co., Ltd. Peers Comparison
Overall Rating
TW:362272Outperform- TW:531262Neutral
TW:344161Neutral
TW:350446Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:3622 | 72Outperform | TWD 6.11B | 7.91 | ― | 7.97% | 7.76% | 5.37% |
| TW:5312 | 62Neutral | TWD 5.29B | 12.29 | ― | 7.22% | 12.13% | 2.35% |
| TW:3441 | 61Neutral | TWD 7.01B | 75.92 | ― | 0.47% | 26.87% | 117.51% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:3504 | 46Neutral | TWD 6.38B | 1375.00 | ― | ― | 6.51% | -89.54% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:5312 | Formosa Optical Technology Co., Ltd. | 90.00 | -1.50 | -1.64% | |
| TW:3441 | Unique Opto-Electronics Co.,Ltd | 179.00 | 146.71 | 454.37% | |
| TW:3504 | Young Optics Inc. | 57.00 | 5.00 | 9.62% | |
| TW:3622 | Young Fast Optoelectronics Co., Ltd | 40.15 | -23.59 | -37.01% | |
| TW:6434 | TacBright Optronics Corp. | 12.35 | 7.33 | 146.02% | |
| TW:6820 | Acon Optics Communications, Inc. | 276.50 | 209.27 | 311.26% |
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