Etron Technology, Inc. AI Stock Analysis
Etron Technology, Inc. (5351) AI Stock Analysis
Etron Technology, Inc.
(TPEx:5351)
Etron scores poorly, driven primarily by weak financials: three consecutive loss-making years, thin 13.3% gross margins and widening cash burn (-NT$584mn free cash flow) that is being funded by a sharp increase in debt, eroding the equity cushion. Technicals reinforce the caution, with the price below all key moving averages and negative MACD momentum amid heavy selling pressure. A low P/E and a second year of revenue growth offer some optionality if the memory upcycle lifts margins back toward historical levels, but with no dividend and negative internal cash generation, this remains a high-risk turnaround in progress.
Etron Technology, Inc. (5351) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 31.46B
- Dividend Yield
- ―
- Average Volume (3M)
- 11.42M
- Price to Earnings (P/E)
- 14.1
- Beta (1Y)
- 1.30
- Revenue Growth
- 245.54%
- EPS Growth
- ―
- Country
- TW
- Employees
- 439
- Sector
- General
- Sector Strength
- 55
- Industry
- Semiconductors
Etron Technology, Inc. Business Overview & Revenue Model
Company Description
Etron Technology, Inc. is dedicated to the creation and manufacturing of a wide array of integrated circuits, with operations spanning the United States, Europe, Japan, and various other Asian nations. The company provides specialized dynamic random...
Etron Technology, Inc. Financial Statement Overview
Summary
Weak overall. Revenue is recovering for a second year (+16% to ~NT$4.04bn), but gross margin of just 13.3% is far below the 34.5% cycle peak and cannot cover the fixed R&D base, producing an operating loss of ~NT$646mn and a net loss of ~NT$497mn — a third straight loss-making year (Income Statement 30). Cash flow is the weakest link (18): operating cash flow deteriorated to ~-NT$437mn and free cash flow to ~-NT$584mn, the fifth negative FCF year in six, with working capital absorbing cash as revenue ramps. The balance sheet is the relative bright spot (45) — roughly half of assets are equity-funded — but equity is eroding from losses and debt jumped from ~NT$1.46bn to ~NT$2.40bn, lifting debt-to-equity from 0.35 to 0.61 and narrowing the margin for error.
Income Statement
30NegativeBalance Sheet
45NeutralCash Flow
18Very Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.30B | 4.04B | 3.47B | 2.66B | 4.68B | 6.15B |
| Gross Profit | 3.95B | 538.50M | 442.81M | -82.70M | 1.20B | 2.12B |
| EBITDA | 2.48B | -415.08M | -330.39M | -704.17M | 371.54M | 1.29B |
| Net Income | 2.12B | -497.49M | -540.64M | -892.91M | 74.20M | 1.05B |
Balance Sheet | ||||||
| Total Assets | 12.28B | 7.72B | 6.73B | 6.83B | 8.22B | 7.20B |
| Cash, Cash Equivalents and Short-Term Investments | 3.21B | 888.23M | 800.03M | 723.52M | 933.35M | 1.30B |
| Total Debt | 2.22B | 2.40B | 1.46B | 2.59B | 2.81B | 1.56B |
| Total Liabilities | 4.99B | 3.72B | 2.45B | 3.35B | 3.94B | 2.96B |
| Stockholders Equity | 7.21B | 3.91B | 4.17B | 3.42B | 4.18B | 4.14B |
Cash Flow | ||||||
| Free Cash Flow | 2.09B | -583.97M | -178.49M | -246.33M | -1.52B | 833.04M |
| Operating Cash Flow | 2.29B | -436.52M | -11.38M | -66.60M | -1.31B | 1.01B |
| Investing Cash Flow | -81.01M | -391.57M | -245.13M | 94.90M | -263.82M | -561.31M |
| Financing Cash Flow | 426.49M | 919.53M | 313.51M | -170.70M | 1.12B | -561.82M |
Etron Technology, Inc. Peers Comparison
Overall Rating
TW:496769Neutral
TW:236362Neutral
TW:827161Neutral
TW:232956Neutral
TW:238854Neutral- TW:535135Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:4967 | 69Neutral | TWD 25.40B | 2.58 | ― | 3.28% | 90.94% | 3193.74% |
| TW:2363 | 62Neutral | TWD 24.26B | 27.35 | ― | 1.29% | 78.08% | 21.15% |
| TW:8271 | 61Neutral | TWD 21.58B | 3.07 | ― | 2.67% | 181.71% | 1352.87% |
| TW:2329 | 56Neutral | TWD 24.47B | 14.80 | ― | 2.68% | 10.61% | 51.02% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:2388 | 54Neutral | TWD 31.52B | 33.10 | ― | 0.09% | -2.83% | 4352.20% |
| TW:5351 | 35Underperform | TWD 30.17B | 14.13 | ― | ― | 245.54% | ― |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:5351 | Etron Technology, Inc. | 91.80 | 44.15 | 92.65% | |
| TW:2329 | Orient Semiconductor Electronics, Limited | 37.30 | -12.34 | -24.86% | |
| TW:2363 | Silicon Integrated Systems Corp. | 47.10 | -4.58 | -8.87% | |
| TW:2388 | VIA Technologies, Inc. | 56.70 | 5.23 | 10.17% | |
| TW:4967 | Team Group Inc. | 263.00 | 119.16 | 82.84% | |
| TW:8271 | Apacer Technology Inc. | 166.50 | 47.29 | 39.67% |
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