Sea Sonic Electronics Co., Ltd. AI Stock Analysis
Sea Sonic Electronics Co., Ltd. (6203) AI Stock Analysis
Sea Sonic Electronics Co., Ltd.
(TPEx:6203)
Sea Sonic earns an above-average score driven by its fortress balance sheet, near-100% free cash flow conversion and a sharp profit rebound with margins at multi-year highs. Valuation adds further support, with a 7.6x P/E and an 8% dividend yield backed by real cash generation. Offsetting these strengths, the shares are in a persistent downtrend below every major moving average with negative MACD, and the business remains highly cyclical, with revenue still well below its 2021 peak and prone to swings of 30%-50% a year. The result is a fundamentally sound, attractively priced company whose near-term share price momentum and demand visibility are the main risks.
Sea Sonic Electronics Co., Ltd. (6203) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 4.05B
- Dividend Yield
- 8.06%
- Average Volume (3M)
- 65.39K
- Price to Earnings (P/E)
- 7.5
- Beta (1Y)
- 0.79
- Revenue Growth
- 3.95%
- EPS Growth
- 341.92%
- Country
- TW
- Employees
- 902
- Sector
- General
- Sector Strength
- 55
- Industry
- Hardware, Equipment & Parts
Sea Sonic Electronics Co., Ltd. Business Overview & Revenue Model
Company Description
Established in Taipei, Taiwan, in 1975, Sea Sonic Electronics Co., Ltd. is primarily engaged in the design, production, and sale of power conversion products. Operating from its Taiwanese base, the firm specializes in manufacturing a variety of power...
Sea Sonic Electronics Co., Ltd. Financial Statement Overview
Summary
A financially conservative and highly cash-generative business. The balance sheet is the standout (score 89): essentially debt-free with a debt-to-equity ratio near 0.01 and equity funding ~81% of assets. Cash flow is also strong (84), with NT$675M operating cash flow, NT$648M free cash flow and ~96% free-cash-flow-to-net-income conversion on very light capex. The income statement is solid but weaker (72): revenue rebounded ~37% to NT$2.77B and net income rose ~57% to NT$454M with gross margin at a six-year high of 34.7%, yet sales remain far below the 2021 peak and have swung 30%-50% year to year, limiting earnings visibility. ROE of 14.6% is improved but still well below prior highs.
Income Statement
72PositiveBalance Sheet
89Very PositiveCash Flow
84Very Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.38B | 2.77B | 2.02B | 3.33B | 2.55B | 5.02B |
| Gross Profit | 776.75M | 963.35M | 510.64M | 1.14B | 776.75M | 1.49B |
| EBITDA | 641.58M | 618.87M | 413.19M | 832.33M | 653.13M | 1.01B |
| Net Income | 541.16M | 453.99M | 288.67M | 614.71M | 450.23M | 752.83M |
Balance Sheet | ||||||
| Total Assets | 3.86B | 3.85B | 3.55B | 4.25B | 3.85B | 4.31B |
| Cash, Cash Equivalents and Short-Term Investments | 2.44B | 2.18B | 1.62B | 1.96B | 1.75B | 1.56B |
| Total Debt | 38.31M | 39.58M | 56.36M | 463.98M | 631.50M | 633.60M |
| Total Liabilities | 921.40M | 741.89M | 602.71M | 1.20B | 1.21B | 1.73B |
| Stockholders Equity | 2.94B | 3.11B | 2.95B | 3.06B | 2.64B | 2.58B |
Cash Flow | ||||||
| Free Cash Flow | 677.47M | 648.22M | 524.50M | 627.91M | 607.38M | -173.86M |
| Operating Cash Flow | 700.26M | 674.66M | 574.73M | 658.55M | 637.98M | -129.98M |
| Investing Cash Flow | -96.49M | 77.63M | 112.82M | -109.72M | 66.28M | -354.16M |
| Financing Cash Flow | -305.45M | -305.09M | -820.60M | -414.09M | -412.39M | 260.18M |
Sea Sonic Electronics Co., Ltd. Peers Comparison
Overall Rating
- TW:620370Outperform
TW:529964Neutral
TW:350159Neutral
TW:161154Neutral
TW:538149Neutral
TW:610145Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:6203 | 70Outperform | TWD 4.14B | 7.47 | ― | 8.06% | 3.95% | 341.92% |
| TW:5299 | 64Neutral | TWD 4.05B | 10.85 | ― | 4.59% | -8.83% | 69.15% |
| TW:3501 | 59Neutral | TWD 4.09B | 20.14 | ― | 5.74% | -5.37% | -59.67% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:1611 | 54Neutral | TWD 3.79B | 41.91 | ― | 6.90% | -9.42% | 64.46% |
| TW:5381 | 49Neutral | TWD 3.86B | 25.43 | ― | ― | -7.01% | -32.51% |
| TW:6101 | 45Neutral | TWD 4.28B | 27.83 | ― | ― | 101.67% | ― |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:6203 | Sea Sonic Electronics Co., Ltd. | 49.60 | -24.11 | -32.71% | |
| TW:1611 | China Electric MFG Corp. | 11.60 | -0.10 | -0.86% | |
| TW:3501 | Well Shin Technology Co., Ltd. | 34.85 | -11.55 | -24.90% | |
| TW:5299 | Excelliance MOS Corp. | 79.80 | 7.47 | 10.32% | |
| TW:5381 | Spectrum Electrics Corporation | 19.30 | -9.23 | -32.35% | |
| TW:6101 | Kwan's International Co., Ltd. | 37.80 | -0.10 | -0.26% |
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