Netronix, Inc. (6143) AI Stock Analysis

Netronix, Inc.

(TPEx:6143)

Select Model

Rating:76Outperform

Price Target:TWD 74.00▲(5.41% Upside)

Action:initiatedcoverage

Date:11/10/26

The score is supported primarily by strong financial performance and attractive valuation, especially low leverage, robust cash generation, a low P/E ratio, and a high dividend yield. These strengths are tempered by weakening recent profitability and clearly bearish technical momentum.

Positive Factors

Conservative balance sheetLow leverage and strong returns on equity indicate that Netronix generates substantial profitability without relying heavily on debt. This conservative financing structure preserves flexibility to invest, withstand operating pressure, and support shareholder returns over the next several quarters.

Negative Factors

Lower net marginThe decline in net margin shows that revenue growth did not translate fully into bottom-line expansion in 2025. If the weaker margin persists, higher costs or an unfavorable product mix could reduce earnings quality and limit the conversion of sales growth into shareholder returns.

Netronix, Inc. (6143) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 6.03B
Dividend Yield: 8.55%
Average Volume (3M): 329.14K
Price to Earnings (P/E): 9.0
Beta (1Y): 0.70
Revenue Growth: 8.15%
EPS Growth: 19.48%
Country: TW
Employees: 1,400
Sector: General
Sector Strength: 55
Industry: Communication Equipment

Netronix, Inc. Business Overview & Revenue Model

Company Description

Netronix, Inc., established in 1997 and based in Hsinchu, Taiwan, specializes in the worldwide design and production of network equipment and electronic reader devices. The company's extensive product portfolio also includes identification (ID) produ...

Netronix, Inc. Financial Statement Overview

Summary

Strong balance sheet and cash flow, supported by very low leverage, 18.1% ROE, and robust free-cash-flow generation. Long-term revenue and margin trends are favorable, although 2025 net income and profitability margins declined.

Income Statement

78Positive

Balance Sheet

88Very Positive

Cash Flow

86Very Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	9.18B	8.52B	7.41B	6.65B	6.27B	5.55B
Gross Profit	2.00B	1.79B	1.56B	1.48B	1.20B	986.35M
EBITDA	1.28B	1.18B	1.17B	998.09M	749.40M	497.31M
Net Income	677.24M	555.94M	630.46M	370.95M	342.70M	271.55M
Balance Sheet
Total Assets	8.29B	7.86B	7.84B	6.56B	7.77B	5.33B
Cash, Cash Equivalents and Short-Term Investments	2.30B	3.20B	2.75B	2.93B	2.76B	1.83B
Total Debt	403.05M	394.58M	404.94M	909.28M	1.16B	923.74M
Total Liabilities	3.59B	2.90B	2.88B	2.59B	4.13B	2.95B
Stockholders Equity	2.83B	3.08B	3.14B	2.84B	2.75B	2.11B
Cash Flow
Free Cash Flow	382.41M	1.31B	661.88M	816.10M	497.22M	480.65M
Operating Cash Flow	460.03M	1.38B	741.17M	892.41M	589.73M	574.00M
Investing Cash Flow	-40.27M	442.00M	137.08M	-100.93M	-281.88M	325.85M
Financing Cash Flow	-745.81M	-784.32M	-1.22B	-599.39M	355.26M	-493.69M

Netronix, Inc. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6143 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:6143	76Outperform	TWD 5.80B	9.01	―	8.55%	8.15%	19.48%
TW:3694	67Neutral	TWD 6.47B	10.10	―	5.69%	15.44%	18.33%
TW:2397	56Neutral	TWD 6.35B	16.95	―	4.31%	16.92%	-16.99%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:2387	54Neutral	TWD 5.78B	17.77	―	13.40%	-15.69%	-67.38%
TW:3558	45Neutral	TWD 6.20B	50.48	―	2.90%	-3.32%	-69.25%
TW:3062	43Neutral	TWD 6.39B	-9.39	―	―	-1.21%	-212.49%

* General Sector Average

Performance Comparison

TW:6143 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6143	Netronix, Inc.	70.20	-48.70	-40.96%
TW:2387	Sunrex Technology Corporation	29.85	-6.52	-17.92%
TW:2397	DFI Inc.	56.90	-1.31	-2.26%
TW:3062	CyberTAN Technology, Inc.	18.60	-6.75	-26.63%
TW:3558	Senao Networks, Inc.	103.50	-26.92	-20.64%
TW:3694	AzureWave Technologies, Inc.	40.45	-23.18	-36.43%

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

Netronix, Inc. AI Stock Analysis