Wanshih Electronic Co., Ltd (6134) AI Stock Analysis

Wanshih Electronic Co., Ltd

(TPEx:6134)

Select Model

Rating:51.1Neutral

Price Target:TWD 20.50▼(-5.75% Downside)

Action:initiatedcoverage

Date:11/10/26

The score is constrained primarily by weak cash generation, very low profitability, and declining operating margins. A moderate balance sheet and strong revenue growth provide support, but bearish technical trends and relatively demanding valuation weigh on the overall result.

Positive Factors

Revenue RecoveryThe 2025 revenue rebound indicates that demand recovered after a weak period, providing a stronger operating base for the next several quarters. If maintained, renewed sales momentum can improve scale efficiency and support reinvestment in the company’s business.

Negative Factors

Persistent Cash BurnTwo consecutive years of negative operating and free cash flow weaken confidence that reported earnings are converting into usable cash. If the pattern persists, working-capital pressure or investment needs could increase reliance on liquidity or external funding.

Wanshih Electronic Co., Ltd (6134) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 1.96B
Dividend Yield: 0.92%
Average Volume (3M): 222.40K
Price to Earnings (P/E): 29.3
Beta (1Y): 1.39
Revenue Growth: 37.45%
EPS Growth: ―
Country: TW
Employees: 822
Sector: General
Sector Strength: 55
Industry: Technology Distributors

Wanshih Electronic Co., Ltd Business Overview & Revenue Model

Company Description

Established in 1987 and headquartered in New Taipei City, Taiwan, Wanshih Electronic Co., Ltd. is a global producer and distributor of electronic components, computer hardware, and associated peripheral products. The company operates as an OEM/ODM su...

Wanshih Electronic Co., Ltd Financial Statement Overview

Summary

Revenue growth and a relatively solid balance sheet are offset by declining margins, low return on equity, and negative operating and free cash flow. The score is the equal-weighted average of the provided income statement, balance sheet, and cash flow scores.

Income Statement

52Neutral

Balance Sheet

72Positive

Cash Flow

30Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.31B	1.91B	1.56B	1.12B	1.45B	1.67B
Gross Profit	514.26M	449.76M	384.22M	287.01M	244.02M	271.72M
EBITDA	160.79M	91.94M	97.42M	36.28M	22.21M	55.74M
Net Income	62.92M	9.47M	17.55M	-48.77M	-66.11M	-39.03M
Balance Sheet
Total Assets	2.73B	2.23B	1.80B	1.48B	1.72B	1.74B
Cash, Cash Equivalents and Short-Term Investments	298.20M	252.14M	414.44M	368.67M	319.46M	314.10M
Total Debt	253.66M	308.67M	248.95M	321.22M	497.34M	308.17M
Total Liabilities	1.44B	1.15B	688.43M	590.60M	860.36M	746.29M
Stockholders Equity	1.22B	1.01B	947.78M	727.72M	742.38M	892.92M
Cash Flow
Free Cash Flow	-81.34M	-98.60M	-123.84M	112.73M	-88.04M	-47.02M
Operating Cash Flow	32.63M	-15.91M	-90.22M	146.81M	19.00K	47.17M
Investing Cash Flow	-17.82M	-66.75M	-28.71M	43.37M	-245.84M	-56.78M
Financing Cash Flow	-60.58M	-53.34M	102.48M	-152.44M	191.80M	-12.04M

Wanshih Electronic Co., Ltd Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6134 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:6185	61Neutral	TWD 1.72B	-73.48	―	3.44%	32.52%	-171.96%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:6134	51Neutral	TWD 1.74B	29.31	―	0.92%	37.45%	―
TW:6432	45Neutral	TWD 1.82B	18.26	―	2.19%	6.40%	271.08%
TW:2440	37Underperform	TWD 1.93B	104.68	―	―	2.38%	―

* General Sector Average

Performance Comparison

TW:6134 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6134	Wanshih Electronic Co., Ltd	21.75	-1.02	-4.50%
TW:2249	Young Shine Electric Co., Ltd.	56.40	-16.29	-22.42%
TW:2440	Space Shuttle Hi-Tech Co. Ltd.	14.10	1.50	11.90%
TW:6185	Plastron Presicion Co., Ltd.	11.40	-3.77	-24.84%
TW:6272	Wieson Technologies Co., Ltd.	19.40	-37.92	-66.16%
TW:6432	Arlitech Electronic Corp	45.70	10.75	30.74%

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

Wanshih Electronic Co., Ltd AI Stock Analysis