King Core Electronics Inc. (6155) AI Stock Analysis

King Core Electronics Inc.

(TWSE:6155)

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Rating:50Neutral

Price Target:TWD 54.00▼(-9.40% Downside)

Action:initiatedcoverage

Date:11/09/26

King Core Electronics scores in the lower-middle range. Its financial profile is mixed: a conservative, low-leverage balance sheet provides real downside protection, but thin core operating margins, a ~24% drop in net income, heavy reliance on non-operating income, and a collapse in free cash flow weigh heavily on earnings quality. Technicals compound the caution, with the stock trading below all major moving averages and a negative MACD pointing to a persistent downtrend, though oversold RSI and Stochastic readings hint at scope for a near-term bounce. Valuation offers little support, as a P/E near 32 is rich relative to the company's modest growth, low ROE and a dividend yield of under 1.5%. Key factors to watch are margin recovery and more stable cash generation.

Positive Factors

Revenue ReboundThe 2025 revenue rebound shows that King Core can regain top-line momentum after a weaker period. For a passive-components supplier serving broad electronics supply chains, renewed sales growth can support operating scale, customer retention, and reinvestment over the next several quarters.

Negative Factors

Weak Cash ConversionThe sharp free-cash-flow decline and limited coverage of net income indicate that reported profitability is not converting reliably into cash. This can constrain internally funded investment, reduce flexibility during weaker demand, and make earnings quality less durable over the coming quarters.

King Core Electronics Inc. (6155) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 5.10B
Dividend Yield: 1.34%
Average Volume (3M): 3.26M
Price to Earnings (P/E): 41.3
Beta (1Y): 1.39
Revenue Growth: 21.25%
EPS Growth: 186.54%
Country: TW
Employees: 308
Sector: General
Sector Strength: 55
Industry: Hardware, Equipment & Parts

King Core Electronics Inc. Business Overview & Revenue Model

Company Description

King Core Electronics Inc., established in 1986 and based in Taoyuan City, Taiwan, operates globally as a manufacturer and supplier of specialized electronic components. The company focuses on products designed for electromagnetic interference (EMI),...

King Core Electronics Inc. Financial Statement Overview

Summary

A strong balance sheet (score 78) is the standout: debt was cut roughly a third to NT$363 million, debt-to-equity is just 0.23, and equity funds about three-quarters of assets, giving solid resilience through industry cycles. This is offset by weak earnings quality (income statement 47) — revenue rebounded about 11% to NT$632 million, but gross margin of ~22% remains far below the 31% achieved in 2021, net income fell ~24%, and EBIT margin of only 4.9% means much of the profit stems from non-operating items. Cash flow (43) deteriorated sharply, with free cash flow collapsing to about NT$14 million from NT$105 million and converting only ~22% of net income into cash. Returns are also modest, with ROE near 4.1%.

Income Statement

47Neutral

Balance Sheet

78Positive

Cash Flow

43Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	693.49M	631.75M	569.80M	544.60M	770.15M	799.57M
Gross Profit	167.90M	140.76M	130.54M	116.96M	205.01M	250.67M
EBITDA	138.36M	60.40M	133.22M	36.71M	259.37M	152.51M
Net Income	158.46M	64.76M	84.77M	74.80M	190.62M	80.80M
Balance Sheet
Total Assets	2.37B	2.10B	2.38B	2.12B	2.33B	2.97B
Cash, Cash Equivalents and Short-Term Investments	748.76M	619.54M	1.06B	981.10M	1.18B	1.76B
Total Debt	486.49M	363.13M	537.12M	494.95M	582.40M	1.32B
Total Liabilities	741.30M	510.45M	685.98M	615.24M	799.82M	1.54B
Stockholders Equity	1.63B	1.59B	1.70B	1.51B	1.53B	1.42B
Cash Flow
Free Cash Flow	110.23M	14.08M	104.52M	17.19M	248.19M	54.16M
Operating Cash Flow	153.10M	64.42M	163.16M	69.92M	292.76M	90.26M
Investing Cash Flow	24.80M	138.76M	-149.96M	-45.80M	373.22M	-346.61M
Financing Cash Flow	-158.97M	-261.79M	-43.33M	-219.12M	-810.93M	295.32M

King Core Electronics Inc. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6155 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:3310	62Neutral	TWD 4.74B	17.31	―	5.39%	19.95%	5.00%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:6155	50Neutral	TWD 5.11B	41.31	―	1.34%	21.25%	186.54%
TW:3338	49Neutral	TWD 4.66B	38.48	―	2.44%	7.22%	-41.87%
TW:6224	45Neutral	TWD 5.15B	50.58	―	2.07%	-8.16%	-47.96%
TW:4939	42Neutral	TWD 5.97B	74.65	―	0.39%	11.17%	―
TW:8121	40Underperform	TWD 5.09B	-274.63	―	―	19.70%	83.81%

* General Sector Average

Performance Comparison

TW:6155 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6155	King Core Electronics Inc.	59.60	25.91	76.92%
TW:3310	Chialin Precision Industrial Co., Ltd.	64.90	4.67	7.75%
TW:3338	TaiSol Electronics Co., Ltd.	53.20	3.68	7.42%
TW:4939	Asia Electronic Material Co., Ltd.	63.40	37.37	143.59%
TW:6224	Polytronics Technology Corp.	60.30	14.61	31.98%
TW:8121	ACME Electronics Corporation	24.15	-5.00	-17.15%

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

King Core Electronics Inc. AI Stock Analysis