Atech OEM Inc. AI Stock Analysis
Atech OEM Inc. (6109) AI Stock Analysis
Atech OEM Inc.
(TPEx:6109)
Atech OEM scores low primarily because of weak financial performance: the company remains unprofitable with negative return on equity, and both operating and free cash flow turned sharply negative, forcing reliance on rising debt while the equity base shrinks for a third consecutive year. Encouraging signs — 8% revenue growth, a meaningful gross margin recovery and a narrower operating loss — are not yet enough to offset that risk. Technicals reinforce the caution, with the price below all key moving averages and negative MACD, though deeply oversold RSI and Stochastic readings leave room for a short-term bounce. Valuation offers little support, with a negative P/E and no dividend yield.
Atech OEM Inc. (6109) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 787.79M
- Dividend Yield
- ―
- Average Volume (3M)
- 107.41K
- Price to Earnings (P/E)
- -10.9
- Beta (1Y)
- 0.54
- Revenue Growth
- 22.42%
- EPS Growth
- 60.41%
- Country
- TW
- Employees
- 482
- Sector
- General
- Sector Strength
- 55
- Industry
- Communication Equipment
Atech OEM Inc. Business Overview & Revenue Model
Company Description
Atech OEM Inc., headquartered in Taipei, Taiwan, was established in 1990. The company focuses on the comprehensive process of designing, developing, manufacturing, and marketing three primary categories of electronic products across Taiwan: magnetic...
Atech OEM Inc. Financial Statement Overview
Summary
Financials remain weak despite early signs of a turnaround. Revenue grew about 8% and gross margin expanded roughly 7 percentage points to 22%, while the operating loss more than halved to NT$54 million. However, the company is still loss-making (net loss of about NT$63 million, -8% net margin, -11% ROE), and cash generation deteriorated sharply, with operating cash flow swinging to a NT$59 million outflow and free cash flow to a NT$72 million outflow. The balance sheet is the relative strength — equity still funds over half of assets — but debt-to-equity more than doubled to 0.46 as borrowings rose and equity eroded for a third straight year. Until profits and cash flow turn positive on a sustained basis, risk remains elevated.
Income Statement
32NegativeBalance Sheet
55NeutralCash Flow
20Very Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 845.24M | 778.21M | 717.48M | 1.01B | 1.32B | 1.22B |
| Gross Profit | 198.63M | 169.49M | 106.19M | 273.32M | 317.60M | 200.81M |
| EBITDA | 3.20M | -21.12M | -85.36M | 66.56M | 126.02M | -43.11M |
| Net Income | -61.02M | -63.29M | -111.73M | 18.62M | 66.63M | -82.36M |
Balance Sheet | ||||||
| Total Assets | 1.10B | 1.10B | 937.69M | 1.11B | 1.33B | 1.19B |
| Cash, Cash Equivalents and Short-Term Investments | 390.38M | 427.42M | 422.35M | 448.54M | 380.66M | 239.93M |
| Total Debt | 85.48M | 265.45M | 130.87M | 157.77M | 196.21M | 288.53M |
| Total Liabilities | 343.68M | 519.49M | 294.86M | 352.47M | 558.09M | 647.82M |
| Stockholders Equity | 752.75M | 580.76M | 643.45M | 757.94M | 771.58M | 545.78M |
Cash Flow | ||||||
| Free Cash Flow | -66.70M | -71.71M | 1.64M | 137.31M | 96.83M | -202.13M |
| Operating Cash Flow | -49.21M | -58.53M | 16.50M | 153.45M | 131.26M | -189.16M |
| Investing Cash Flow | -68.03M | -14.64M | -15.58M | -13.32M | -30.18M | 24.60M |
| Financing Cash Flow | 81.46M | 74.14M | -46.56M | -63.24M | 35.89M | 57.85M |
Atech OEM Inc. Peers Comparison
Overall Rating
TW:238042Neutral
TW:327239Underperform
TW:616039Underperform- TW:610938Underperform
TW:305733Underperform
TW:349430Underperform
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:2380 | 42Neutral | TWD 822.31M | -2.45 | ― | ― | 24.06% | 57.68% |
| TW:3272 | 39Underperform | TWD 691.22M | -1.26 | ― | ― | -11.96% | -68.38% |
| TW:6160 | 39Underperform | TWD 835.57M | -6.56 | ― | ― | -21.57% | -273.84% |
| TW:6109 | 38Underperform | TWD 800.09M | -10.92 | ― | ― | 22.42% | 60.41% |
| TW:3057 | 33Underperform | TWD 834.73M | -8.04 | ― | ― | 0.03% | 9.46% |
| TW:3494 | 30Underperform | TWD 663.60M | -3.96 | ― | ― | 2.94% | -31.91% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:6109 | Atech OEM Inc. | 9.11 | -3.02 | -24.88% | |
| TW:2380 | Avision Inc. | 13.75 | -4.33 | -23.94% | |
| TW:3057 | Promise Technology, Inc. | 12.30 | -4.60 | -27.22% | |
| TW:3272 | Good Way Technology Co., Ltd. | 11.35 | -9.55 | -45.69% | |
| TW:3494 | HiTi Digital Inc. | 7.00 | -2.45 | -25.93% | |
| TW:6160 | CipherLab Co., Ltd. | 12.20 | -6.90 | -36.13% |
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