Empower Technology Corporation (5348) AI Stock Analysis

Empower Technology Corporation

(TPEx:5348)

Select Model

Rating:51Neutral

Price Target:TWD 17.00▲(4.94% Upside)

Action:initiatedcoverage

Date:11/10/26

The score is primarily constrained by recurring operating and net losses, declining equity, and a negative P/E ratio. Positive cash generation, moderate leverage, and generally stable technical positioning provide partial support.

Positive Factors

Revenue GrowthThe return to meaningful revenue growth indicates improved top-line momentum after a stagnant period. If sustained, expanding sales can provide a broader base for operating leverage, support reinvestment, and strengthen the company’s ability to rebuild profitability over the next several quarters.

Negative Factors

Persistent LossesConsecutive net losses and negative operating profit show that revenue is not currently translating into sustainable earnings. Continued losses can weaken equity, reduce financial resilience, and limit the company’s ability to fund growth or absorb execution setbacks through internally generated profits.

Empower Technology Corporation (5348) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 245.28M
Dividend Yield: ―
Average Volume (3M): 6,136
Price to Earnings (P/E): -13.2
Beta (1Y): -0.20
Revenue Growth: 11.22%
EPS Growth: -2.08%
Country: TW
Employees: 39
Sector: General
Sector Strength: 55
Industry: Communication Equipment

Empower Technology Corporation Business Overview & Revenue Model

Company Description

Empower Technology Corporation (ETC) is a Taiwanese firm that specializes in the development and manufacturing of wireless communication products, serving both the radio frequency (RF) and Global Positioning System (GPS) sectors. Its comprehensive wi...

Empower Technology Corporation Financial Statement Overview

Summary

Financial performance is weak overall: profitability deteriorated into larger operating and net losses, despite a moderately stable balance sheet and a return to positive operating and free cash flow.

Income Statement

35Negative

Balance Sheet

62Positive

Cash Flow

55Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	293.14M	268.12M	271.49M	270.14M	259.96M	111.31M
Gross Profit	84.47M	79.82M	68.44M	68.61M	73.59M	21.39M
EBITDA	-8.80M	-11.45M	7.90M	22.43M	19.19M	-8.19M
Net Income	-13.61M	-20.75M	-10.53M	6.47M	4.65M	-14.76M
Balance Sheet
Total Assets	233.62M	230.78M	235.11M	234.49M	253.87M	243.99M
Cash, Cash Equivalents and Short-Term Investments	80.79M	95.85M	80.09M	106.56M	109.42M	105.55M
Total Debt	50.86M	42.46M	34.59M	27.55M	41.34M	52.86M
Total Liabilities	100.31M	91.87M	79.98M	73.43M	89.15M	102.10M
Stockholders Equity	108.62M	116.06M	137.53M	147.72M	153.43M	138.86M
Cash Flow
Free Cash Flow	3.45M	13.22M	-19.18M	25.46M	6.75M	-37.93M
Operating Cash Flow	12.17M	17.31M	-14.23M	28.04M	8.43M	-36.40M
Investing Cash Flow	1.15M	-1.70M	-1.82M	-12.38M	-1.42M	-1.37M
Financing Cash Flow	-11.56M	-10.85M	-8.42M	-18.52M	-3.15M	18.24M

Empower Technology Corporation Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:5348 against its peers
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:5348	51Neutral	TWD 239.37M	-13.17	―	―	11.22%	-2.08%
TW:2321	44Neutral	TWD 459.68M	33.14	―	―	2.67%	―
TW:6103	44Neutral	TWD 417.67M	-13565.22	―	0.61%	-4.14%	-100.17%
TW:3672	35Underperform	TWD 458.89M	-6.54	―	―	-24.99%	15.20%

* General Sector Average

Performance Comparison

TW:5348 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:5348	Empower Technology Corporation	16.20	-2.75	-14.51%
TW:2321	Tecom Co., Ltd.	28.50	-3.50	-10.93%
TW:3672	Connection Technology Systems, Inc.	11.25	-2.25	-16.67%
TW:5240	ACTI Corporation	16.40	-3.79	-18.76%
TW:6103	Avid Electronics Corp.	30.70	-7.95	-20.57%
TW:6565	ThroughTek Co., Ltd.	14.65	-6.00	-29.06%

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

Empower Technology Corporation AI Stock Analysis