Harvatek Corporation AI Stock Analysis
Harvatek Corporation (6168) AI Stock Analysis
Harvatek Corporation
(TWSE:6168)
The score is held down primarily by weak financial performance: despite a 5.6% revenue recovery, Harvatek remains loss-making at the operating level, with net margin under 1% and both operating and free cash flow turning negative in 2025. Technicals reinforce the caution, with the stock trading below all major moving averages and a negative MACD, while RSI and Stochastic readings point to persistent selling pressure. Valuation adds further risk, as the P/E of 87.7 reflects depressed earnings with no dividend support. The main positive is a fortress balance sheet — debt of just NT$66 million against NT$3.0 billion of equity — which provides ample capacity to absorb the current downturn, but a sustained recovery in margins and cash conversion is needed before the outlook improves.
Harvatek Corporation (6168) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 6.35B
- Dividend Yield
- ―
- Average Volume (3M)
- 8.08M
- Price to Earnings (P/E)
- 102.9
- Beta (1Y)
- 0.93
- Revenue Growth
- 7.81%
- EPS Growth
- 17188.89%
- Country
- TW
- Employees
- 68
- Sector
- General
- Sector Strength
- 55
- Industry
- Semiconductors
Harvatek Corporation Business Overview & Revenue Model
Company Description
Harvatek Corporation designs, manufactures, tests, exports, and sells semiconductor chips and LEDs in Taiwan and internationally. The company provides visible LED products, such as PCB, lead frame, CSP, COB, COX, lamp, and PLCC, as well as LED digita...
Harvatek Corporation Financial Statement Overview
Summary
Harvatek combines a very strong balance sheet (score 71) with weak earnings (income statement 33) and poor cash generation (cash flow 24). Revenue rose about 5.6% to roughly NT$2.07 billion in 2025, snapping two years of steep declines, and the operating loss narrowed to about NT$41 million. However, the core business still operates at a loss, net margin is under 1%, and gross margin of 25.3% remains well below the 30.5% peak. Operating cash flow swung negative to about NT$56 million with free cash flow at roughly negative NT$109 million, showing profits are not converting to cash. The offset is minimal financial risk: debt of only NT$66 million against NT$3.0 billion of equity, with equity funding nearly 79% of assets, though return on equity of just 0.4% signals inefficient use of that capital.
Income Statement
33NegativeBalance Sheet
71PositiveCash Flow
24Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.14B | 2.07B | 1.96B | 2.03B | 2.47B | 3.00B |
| Gross Profit | 509.38M | 523.17M | 497.32M | 541.31M | 752.50M | 822.29M |
| EBITDA | 167.89M | 151.37M | 130.10M | 280.62M | 597.84M | 571.67M |
| Net Income | 66.84M | 11.29M | 5.86M | 107.09M | 375.23M | 370.32M |
Balance Sheet | ||||||
| Total Assets | 4.55B | 3.81B | 4.07B | 4.01B | 4.08B | 4.61B |
| Cash, Cash Equivalents and Short-Term Investments | 1.33B | 1.27B | 1.53B | 1.59B | 1.58B | 1.77B |
| Total Debt | 69.91M | 66.03M | 322.43M | 149.95M | 76.66M | 271.15M |
| Total Liabilities | 783.08M | 643.86M | 913.41M | 733.94M | 713.29M | 1.10B |
| Stockholders Equity | 3.58B | 3.02B | 3.01B | 3.12B | 3.22B | 3.34B |
Cash Flow | ||||||
| Free Cash Flow | 34.10M | -108.92M | 32.98M | 234.01M | 369.93M | 378.31M |
| Operating Cash Flow | 168.08M | -55.61M | 96.74M | 287.52M | 563.58M | 454.69M |
| Investing Cash Flow | 48.95M | -29.70M | -227.54M | -513.40M | -216.37M | -86.63M |
| Financing Cash Flow | -3.57M | -179.60M | -103.05M | -313.56M | -513.16M | -244.90M |
Harvatek Corporation Peers Comparison
Overall Rating
TW:362272Outperform
TW:344161Neutral
TW:810549Neutral
TW:350446Neutral- TW:616841Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:3622 | 72Outperform | TWD 6.11B | 7.91 | ― | 7.97% | 7.76% | 5.37% |
| TW:3441 | 61Neutral | TWD 7.01B | 75.92 | ― | 0.47% | 26.87% | 117.51% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:8105 | 49Neutral | TWD 5.48B | 14.69 | ― | ― | -6.57% | ― |
| TW:3504 | 46Neutral | TWD 6.38B | 1375.00 | ― | ― | 6.51% | -89.54% |
| TW:6168 | 41Neutral | TWD 6.21B | 102.86 | ― | ― | 7.81% | 17188.89% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:6168 | Harvatek Corporation | 31.35 | 11.35 | 56.75% | |
| TW:3441 | Unique Opto-Electronics Co.,Ltd | 179.00 | 146.71 | 454.37% | |
| TW:3504 | Young Optics Inc. | 57.00 | 5.00 | 9.62% | |
| TW:3622 | Young Fast Optoelectronics Co., Ltd | 40.15 | -23.59 | -37.01% | |
| TW:6434 | TacBright Optronics Corp. | 12.35 | 7.33 | 146.02% | |
| TW:8105 | Giantplus Technology Co., Ltd. | 12.60 | 1.05 | 9.09% |
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