Plastron Presicion Co., Ltd. (6185) AI Stock Analysis

Plastron Presicion Co., Ltd.

(TPEx:6185)

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Rating:61Neutral

Price Target:TWD 12.00▲(4.80% Upside)

Action:initiatedcoverage

Date:11/10/26

The score is supported primarily by the exceptionally strong, minimally leveraged balance sheet and improved 2025 revenue and margins. These strengths are offset by materially weaker cash-flow generation, a negative P/E ratio, and bearish technical positioning below all major moving averages.

Positive Factors

Conservative balance sheetThe exceptionally low-debt balance sheet gives Plastron substantial financial resilience and flexibility. Strong capitalization reduces reliance on lenders, supports continued operations through weaker periods, and leaves greater capacity to fund investment or absorb earnings volatility without major financing pressure.

Negative Factors

Volatile earnings and marginsThe uneven path from strong 2023 profitability to a 2024 decline and partial 2025 recovery makes earnings quality less predictable. Persistent volatility can complicate planning, weaken confidence in sustainable margins, and limit the visibility of the company’s medium-term earnings power.

Plastron Presicion Co., Ltd. (6185) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 1.70B
Dividend Yield: 3.43%
Average Volume (3M): 280.06K
Price to Earnings (P/E): -73.8
Beta (1Y): 0.30
Revenue Growth: 32.52%
EPS Growth: -171.96%
Country: TW
Employees: 356
Sector: General
Sector Strength: 55
Industry: Hardware, Equipment & Parts

Plastron Presicion Co., Ltd. Business Overview & Revenue Model

Company Description

Plastron Precision Co., Ltd. specializes in the design, production, and global distribution of various connector solutions. The company's diverse product range encompasses board-to-board, header/socket, USB, and memory card connectors, as well as ser...

Plastron Presicion Co., Ltd. Financial Statement Overview

Summary

Financial strength is supported by an exceptionally strong balance sheet and substantial 2025 revenue and margin improvement. However, cash-flow generation weakened materially, profitability remains below earlier highs, and operating results contain inconsistencies.

Income Statement

62Positive

Balance Sheet

94Very Positive

Cash Flow

48Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	608.98M	527.45M	401.92M	584.19M	589.58M	525.51M
Gross Profit	81.50M	126.31M	61.26M	183.05M	197.56M	113.97M
EBITDA	88.37M	145.05M	119.15M	243.18M	161.32M	9.51M
Net Income	34.00M	33.37M	8.69M	98.35M	43.87M	-99.93M
Balance Sheet
Total Assets	2.49B	2.47B	2.54B	2.59B	2.58B	2.54B
Cash, Cash Equivalents and Short-Term Investments	1.42B	1.38B	1.48B	1.49B	1.28B	1.14B
Total Debt	121.00K	232.00K	59.00K	83.00K	254.00K	477.00K
Total Liabilities	363.24M	303.05M	320.08M	385.83M	409.97M	449.96M
Stockholders Equity	2.13B	2.16B	2.22B	2.20B	2.17B	2.09B
Cash Flow
Free Cash Flow	-54.65M	43.11M	80.31M	198.90M	59.46M	-53.89M
Operating Cash Flow	-21.28M	73.92M	89.99M	211.97M	73.65M	8.54M
Investing Cash Flow	-174.88M	336.48M	-400.54M	-112.90M	110.64M	-6.87M
Financing Cash Flow	-58.90M	-44.99M	-77.98M	-43.78M	-30.21M	-34.84M

Plastron Presicion Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6185 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:6194	67Neutral	TWD 1.54B	26.79	―	4.67%	-25.40%	-63.03%
TW:6185	61Neutral	TWD 1.72B	-73.80	―	3.43%	32.52%	-171.96%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:6134	43Neutral	TWD 1.74B	26.75	―	0.94%	37.45%	―
TW:2440	37Underperform	TWD 1.93B	103.19	―	―	2.38%	―
TW:6552	37Underperform	TWD 1.59B	-1.47	―	1.04%	-28.07%	-245.38%

* General Sector Average

Performance Comparison

TW:6185 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6185	Plastron Presicion Co., Ltd.	11.45	-3.62	-24.03%
TW:2440	Space Shuttle Hi-Tech Co. Ltd.	13.90	1.30	10.32%
TW:6134	Wanshih Electronic Co., Ltd	21.25	-0.58	-2.67%
TW:6194	Yufo Electronics Co., Ltd.	32.15	-1.23	-3.67%
TW:6272	Wieson Technologies Co., Ltd.	19.55	-35.13	-64.25%
TW:6552	JMC Electronics Co., Ltd.	19.20	-6.70	-25.87%

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

Plastron Presicion Co., Ltd. AI Stock Analysis