Sunf Pu Technology Co. Ltd. (5488) AI Stock Analysis

Sunf Pu Technology Co. Ltd.

(TPEx:5488)

Select Model

Rating:43Neutral

Price Target:TWD 10.50▼(-0.47% Downside)

Action:initiatedcoverage

Date:11/09/26

Sunf Pu scores poorly, driven primarily by weak fundamentals: four straight years of revenue decline, a 1.3% net margin, roughly 1% return on equity, and negative operating and free cash flow. A conservatively financed balance sheet — low 0.32 debt-to-equity and equity funding two-thirds of assets — provides a cushion and time to execute a turnaround, but it is not yet translating into returns. Technicals reinforce the caution, with the stock trading below all major moving averages and a negative MACD, though a low RSI hints the selling may be stretched. Valuation adds little comfort given negative earnings and a slim 0.55% dividend yield. Evidence of revenue stabilisation and sustained positive cash flow would be needed to improve the outlook.

Positive Factors

Manageable LeverageManageable and improving leverage gives the company a reasonable financial cushion as it navigates weak demand. Lower debt relative to equity can reduce refinancing pressure and preserve flexibility for operations, investment, and future capital allocation.

Negative Factors

Sustained Revenue ContractionFour consecutive years of revenue decline, capped by a sharp 2025 contraction, indicate a persistent loss of scale rather than a temporary fluctuation. Continued top-line pressure can dilute fixed-cost absorption, weaken market reach, and make margin recovery harder to sustain.

Sunf Pu Technology Co. Ltd. (5488) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 975.39M
Dividend Yield: 0.57%
Average Volume (3M): 267.06K
Price to Earnings (P/E): -300.6
Beta (1Y): 0.69
Revenue Growth: 10.71%
EPS Growth: -129.15%
Country: TW
Employees: 150
Sector: General
Sector Strength: 55
Industry: Computer Hardware

Sunf Pu Technology Co. Ltd. Business Overview & Revenue Model

Company Description

Sunf Pu Technology Co., Ltd., based in Taoyuan City, Taiwan, is dedicated to the innovation, production, and worldwide distribution of a comprehensive range of wiring and cabling solutions. Established in 1983, the company's extensive product portfol...

Sunf Pu Technology Co. Ltd. Financial Statement Overview

Summary

Financials are weak overall. Revenue has contracted for four consecutive years (NT$1.21bn in 2022 to NT$770.3m latest), and profitability is minimal with a 1.3% net margin and roughly 1% return on equity (Income Statement score 34). Cash generation is the biggest concern: operating cash flow of negative NT$11.3m and free cash flow of negative NT$15.3m mark a fourth year of burn in six, with profits not converting into cash (Cash Flow score 25). The offsetting strength is a conservative balance sheet — equity funds about 68% of assets and debt-to-equity is just 0.32, the lowest in years (Balance Sheet score 66). Directional improvements are visible: gross margin at a multi-year high of 13.9%, a return to operating profit, and a much smaller cash burn than the prior year, but the structural picture remains fragile.

Income Statement

34Negative

Balance Sheet

66Positive

Cash Flow

25Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	909.71M	770.32M	838.31M	900.87M	1.21B	1.17B
Gross Profit	132.74M	107.40M	95.93M	90.92M	144.94M	153.34M
EBITDA	37.70M	21.22M	21.81M	107.66M	56.60M	41.91M
Net Income	-3.28M	10.39M	607.00K	37.99M	18.08M	7.16M
Balance Sheet
Total Assets	1.45B	1.42B	1.47B	1.54B	1.56B	1.39B
Cash, Cash Equivalents and Short-Term Investments	732.03M	746.33M	753.58M	837.98M	695.98M	616.02M
Total Debt	289.39M	311.55M	320.44M	327.31M	371.79M	263.99M
Total Liabilities	431.20M	456.18M	522.93M	632.58M	672.32M	538.93M
Stockholders Equity	1.01B	964.38M	949.43M	907.13M	890.61M	855.22M
Cash Flow
Free Cash Flow	-172.54M	-15.27M	-121.88M	246.11M	-60.18M	-53.10M
Operating Cash Flow	-168.68M	-11.35M	-120.25M	292.76M	-37.05M	-25.07M
Investing Cash Flow	34.81M	9.82M	-29.80M	-42.44M	-112.89M	-89.11M
Financing Cash Flow	9.46M	-8.95M	-9.09M	-33.92M	123.37M	101.47M

Sunf Pu Technology Co. Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:5488 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:6418	57Neutral	TWD 1.25B	102.96	―	1.07%	6.54%	-63.74%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:5355	43Neutral	TWD 1.04B	-7.38	―	―	39.17%	58.25%
TW:5488	43Neutral	TWD 989.13M	-300.57	―	0.57%	10.71%	-129.15%
TW:3276	42Neutral	TWD 927.18M	45.00	―	0.44%	27.36%	84.51%
TW:3465	42Neutral	TWD 1.19B	-23.84	―	3.48%	2.48%	-216.17%

* General Sector Average

Performance Comparison

TW:5488 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:5488	Sunf Pu Technology Co. Ltd.	10.55	0.99	10.36%
TW:3276	T-Flex Techvest PCB Co., Ltd.	13.65	-1.49	-9.86%
TW:3465	New Advanced Electronics Technologies Co., Ltd.	28.40	-15.89	-35.88%
TW:5355	Gia Tzoong Enterprise Co. Ltd.	13.30	-5.15	-27.93%
TW:6407	Mutual-Tek Industries Co., Ltd.	15.50	-2.09	-11.88%
TW:6418	Y-S Electronic Co., Ltd.	35.45	-12.22	-25.64%

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 09, 2026

Sunf Pu Technology Co. Ltd. AI Stock Analysis