Anpec Electronics Corporation (6138) AI Stock Analysis

Anpec Electronics Corporation

(TPEx:6138)

Select Model

Rating:76Outperform

Price Target:TWD 227.00▲(5.09% Upside)

Action:initiatedcoverage

Date:11/10/26

Strong financial performance is the primary support, particularly the very low leverage and improving cash generation. Attractive valuation and dividend income also help, but the stock’s position below all major moving averages and negative MACD materially reduce the overall score.

Positive Factors

Profitability and recoveryStrong margins and a substantial revenue and earnings recovery demonstrate the company can regain operating traction after a downturn. Healthy gross, EBIT, and net margins provide internal funding capacity and support resilience across the next several quarters.

Negative Factors

Semiconductor cyclicalityThe pronounced rise, downturn, and recovery in results shows that earnings remain exposed to semiconductor demand cycles. This can make revenue, margins, and shareholder returns less predictable even when the underlying product portfolio remains competitive.

Anpec Electronics Corporation (6138) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 16.14B
Dividend Yield: 5.07%
Average Volume (3M): 606.71K
Price to Earnings (P/E): 14.2
Beta (1Y): 1.45
Revenue Growth: 18.18%
EPS Growth: 48.17%
Country: TW
Employees: 423
Sector: General
Sector Strength: 55
Industry: Semiconductors

Anpec Electronics Corporation Business Overview & Revenue Model

Company Description

Anpec Electronics Corporation, based in Hsinchu City, Taiwan, specializes in the development of power integrated circuits (ICs), mixed-signal ICs, and power discrete components. The company's core offerings include power management ICs, audio amplifi...

Anpec Electronics Corporation Financial Statement Overview

Summary

Strong financial profile, driven by exceptionally low leverage, healthy profitability, and improving operating and free cash flow. Moderating revenue growth and margins below their 2021–2022 peaks limit the score.

Income Statement

85Very Positive

Balance Sheet

94Very Positive

Cash Flow

88Very Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	7.93B	7.48B	6.09B	5.42B	6.38B	6.76B
Gross Profit	3.02B	2.70B	2.16B	1.75B	2.63B	2.54B
EBITDA	1.80B	1.61B	1.25B	913.98M	1.68B	1.59B
Net Income	1.12B	951.24M	720.09M	510.79M	963.60M	929.17M
Balance Sheet
Total Assets	7.55B	6.79B	6.07B	6.00B	6.06B	5.69B
Cash, Cash Equivalents and Short-Term Investments	3.45B	2.70B	2.23B	2.12B	2.11B	2.40B
Total Debt	116.82M	116.40M	124.16M	455.68M	266.20M	144.26M
Total Liabilities	2.78B	1.83B	1.54B	1.94B	1.95B	2.08B
Stockholders Equity	3.76B	3.94B	3.59B	3.21B	3.31B	2.92B
Cash Flow
Free Cash Flow	1.39B	1.33B	1.06B	688.93M	475.95M	1.36B
Operating Cash Flow	1.58B	1.53B	1.28B	952.11M	658.60M	1.50B
Investing Cash Flow	45.84M	-742.88M	-793.94M	-988.77M	27.55M	-563.45M
Financing Cash Flow	-742.37M	-808.87M	-977.13M	-693.39M	-615.25M	-159.06M

Anpec Electronics Corporation Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6138 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:6138	76Outperform	TWD 15.99B	14.17	―	5.07%	18.18%	48.17%
TW:6719	69Neutral	TWD 17.20B	19.94	―	2.82%	-1.77%	94.13%
TW:8261	69Neutral	TWD 14.98B	20.24	―	3.97%	2.86%	10.89%
TW:3028	56Neutral	TWD 13.86B	6.29	―	5.38%	75.87%	203.77%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:5425	52Neutral	TWD 19.66B	26.95	―	2.55%	7.28%	85.43%

* General Sector Average

Performance Comparison

TW:6138 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6138	Anpec Electronics Corporation	216.00	-11.88	-5.21%
TW:3028	Zenitron Corporation	54.10	18.89	53.66%
TW:5425	Taiwan Semiconductor Co., Ltd.	79.20	27.85	54.24%
TW:6719	uPI Semiconductor Corp.	163.00	-32.78	-16.74%
TW:7873	Raytek Semiconductor, Inc.	109.50	-168.00	-60.54%
TW:8261	Advanced Power Electronics Corp	126.00	31.18	32.89%

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

Anpec Electronics Corporation AI Stock Analysis