Wafer Works Corp. (6182) AI Stock Analysis

Wafer Works Corp.

(TPEx:6182)

Select Model

Rating:33Underperform

Price Target:TWD 63.00▼(-22.79% Downside)

Action:initiatedcoverage

Date:11/10/26

The stock's score is critically low, driven primarily by a severe deterioration in financial performance, including collapsed margins and heavy cash burn. This is compounded by extremely bearish technical momentum and a sky-high P/E ratio that reflects the company's near-zero profitability. The combination of fundamental weakness and negative market sentiment creates a high-risk profile.

Positive Factors

Revenue StabilizationThe 2025 revenue rebound indicates that demand has begun to stabilize after the prior down cycle. While growth remains modest, returning to expansion can support better capacity utilization and provide a foundation for earnings recovery if semiconductor wafer demand continues improving.

Negative Factors

Compressed ProfitabilityExtremely thin net profitability leaves little buffer against operating cost pressure, weaker wafer pricing, or another demand downturn. Near-breakeven earnings also mean the expanded business and capital base are currently generating limited shareholder returns, reducing internal funding capacity.

Wafer Works Corp. (6182) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 51.71B
Dividend Yield: ―
Average Volume (3M): 55.50M
Price to Earnings (P/E): 343.0
Beta (1Y): 2.32
Revenue Growth: 9.40%
EPS Growth: ―
Country: TW
Employees: 1,029
Sector: General
Sector Strength: 55
Industry: Semiconductors

Wafer Works Corp. Business Overview & Revenue Model

Company Description

Wafer Works Corporation engages in the research, design, development, manufacturing, trading, and distribution of semiconductor materials in Taiwan, Mainland China, Asia, Europe, and Internationally. The company offers polished silicon and epitaxial...

Wafer Works Corp. Financial Statement Overview

Summary

Financial health is severely strained. Profitability has collapsed to a 0.5% net margin, and the company is burning significant cash with deeply negative free cash flow. Rising debt levels amid vanishing earnings present a critical risk, though a recent revenue stabilization offers a minor positive.

Income Statement

28Negative

Balance Sheet

45Neutral

Cash Flow

15Very Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	10.18B	9.82B	8.72B	10.05B	12.68B	10.34B
Gross Profit	2.28B	2.39B	2.11B	3.25B	5.17B	3.62B
EBITDA	2.65B	2.68B	2.39B	3.35B	5.58B	3.41B
Net Income	138.53M	51.90M	4.03M	568.75M	3.00B	1.54B
Balance Sheet
Total Assets	42.54B	38.92B	34.50B	26.43B	28.77B	27.36B
Cash, Cash Equivalents and Short-Term Investments	5.41B	5.16B	9.59B	4.16B	5.63B	5.81B
Total Debt	10.98B	9.33B	6.26B	5.60B	6.13B	7.11B
Total Liabilities	14.44B	13.42B	8.81B	8.27B	10.05B	10.68B
Stockholders Equity	17.01B	15.04B	15.12B	12.00B	12.90B	11.46B
Cash Flow
Free Cash Flow	-8.41B	-6.98B	-1.82B	590.23M	2.47B	417.70M
Operating Cash Flow	1.11B	1.56B	1.69B	3.30B	5.28B	2.68B
Investing Cash Flow	-9.22B	-7.21B	808.76M	-2.76B	-2.96B	-1.87B
Financing Cash Flow	6.18B	2.71B	1.12B	-2.02B	-2.81B	1.69B

Wafer Works Corp. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6182 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:3006	77Outperform	TWD 66.85B	3.32	―	0.44%	272.74%	―
TW:2455	62Neutral	TWD 71.90B	74.50	―	0.70%	34.47%	92.24%
TW:8028	57Neutral	TWD 38.09B	34.08	―	1.37%	24.28%	51.82%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:3714	48Neutral	TWD 38.16B	14.65	―	5.97%	4.37%	―
TW:3016	44Neutral	TWD 36.66B	59.64	―	0.42%	29.78%	22824.42%
TW:6182	33Underperform	TWD 53.46B	343.00	―	―	9.40%	―

* General Sector Average

Performance Comparison

TW:6182 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6182	Wafer Works Corp.	81.60	52.49	180.34%
TW:2455	Visual Photonics Epitaxy Co., Ltd.	377.00	228.51	153.89%
TW:3006	Elite Semiconductor Microelectronics Technology Inc.	225.50	132.54	142.57%
TW:3016	Episil-Precision, Inc.	117.50	66.08	128.52%
TW:3714	Ennostar Inc.	96.15	40.41	72.50%
TW:8028	Phoenix Silicon International Corp.	197.00	43.38	28.24%

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

Wafer Works Corp. AI Stock Analysis