King Polytechnic Engineering Co., Ltd. (6122) AI Stock Analysis

King Polytechnic Engineering Co., Ltd.

(TPEx:6122)

Select Model

Rating:63Neutral

Price Target:TWD 59.00▲(6.31% Upside)

Action:initiatedcoverage

Date:11/10/26

The score is primarily limited by weak cash generation and rising debt despite strong profitability. Attractive valuation provides support, while mixed-to-weak technical momentum weighs on the overall result.

Positive Factors

Improving ProfitabilityThe sustained expansion in gross and net margins indicates materially better project economics and cost control over the cycle. If these improved economics persist, they can provide a stronger earnings base, improve resilience against project variability, and support internally funded growth.

Negative Factors

Negative Operating and Free Cash FlowNegative operating and free cash flow despite reported profits indicate weak earnings-to-cash conversion and create a more demanding funding environment. If this persists, working-capital timing or reinvestment needs could constrain flexibility and make execution more dependent on reliable project collections.

King Polytechnic Engineering Co., Ltd. (6122) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 4.12B
Dividend Yield: 6.13%
Average Volume (3M): 915.92K
Price to Earnings (P/E): 11.6
Beta (1Y): 0.47
Revenue Growth: 4.43%
EPS Growth: 6.20%
Country: TW
Employees: 250
Sector: General
Sector Strength: 55
Industry: Engineering & Construction

King Polytechnic Engineering Co., Ltd. Business Overview & Revenue Model

Company Description

King Polytechnic Engineering Co., Ltd., headquartered in Taipei, Taiwan, has operated as an integrated engineering and construction leader since its establishment in 1982. The company delivers a full spectrum of services both domestically and globall...

King Polytechnic Engineering Co., Ltd. Financial Statement Overview

Summary

Profitability is strong and improving, but the overall financial profile is constrained by negative 2025 operating and free cash flow, rising debt, and revenue remaining below its 2023 peak.

Income Statement

78Positive

Balance Sheet

72Positive

Cash Flow

35Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	4.09B	4.19B	4.13B	5.31B	2.46B	1.80B
Gross Profit	591.59M	613.79M	527.88M	600.53M	215.89M	126.47M
EBITDA	475.79M	486.88M	445.57M	475.31M	145.13M	72.02M
Net Income	363.88M	368.94M	344.22M	390.71M	129.01M	55.74M
Balance Sheet
Total Assets	4.82B	4.93B	4.85B	3.51B	3.72B	2.39B
Cash, Cash Equivalents and Short-Term Investments	1.61B	1.44B	2.18B	692.92M	1.55B	962.09M
Total Debt	962.93M	1.09B	907.19M	658.57M	919.94M	555.50M
Total Liabilities	3.07B	3.02B	3.03B	1.90B	2.45B	1.22B
Stockholders Equity	1.75B	1.92B	1.83B	1.61B	1.27B	1.17B
Cash Flow
Free Cash Flow	640.29M	-581.70M	738.32M	594.50M	-590.78M	-156.93M
Operating Cash Flow	643.92M	-568.49M	960.17M	600.14M	-587.57M	-153.35M
Investing Cash Flow	-5.79M	-15.58M	-213.53M	15.63M	-24.04M	4.05M
Financing Cash Flow	27.39M	-145.66M	11.91M	-339.66M	332.15M	249.22M

King Polytechnic Engineering Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6122 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:4572	63Neutral	TWD 4.64B	20.03	―	4.31%	3.72%	57.19%
TW:6983	63Neutral	TWD 4.55B	53.63	―	1.98%	―	―
TW:6122	63Neutral	TWD 4.33B	11.62	―	6.13%	4.43%	6.20%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:4569	54Neutral	TWD 4.24B	15.79	―	2.30%	12.32%	150.98%

* General Sector Average

Performance Comparison

TW:6122 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6122	King Polytechnic Engineering Co., Ltd.	55.50	13.31	31.54%
TW:4569	Sixxon Tech Co Ltd	141.50	-5.09	-3.47%
TW:4572	Drewloong Precision, Inc.	116.00	-24.75	-17.58%
TW:6983	HUA YANG Precision Machinery Co., Ltd.	252.50	125.28	98.47%
TW:7752	Century Huaxin Wind Energy Co Ltd	23.45	-44.55	-65.51%
TW:7783	Giant Heavy Machinery Service Corp.	74.00	-63.67	-46.25%

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

King Polytechnic Engineering Co., Ltd. AI Stock Analysis