Sea Sonic Electronics Co., Ltd. (6203) AI Stock Analysis

Sea Sonic Electronics Co., Ltd.

(TPEx:6203)

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Rating:79.6Outperform

Price Target:TWD 57.00▲(14.92% Upside)

Action:initiatedcoverage

Date:11/10/26

The score is led by strong financial performance and highly attractive valuation. These strengths are partially offset by weak technical momentum and a price trading below all listed moving averages.

Positive Factors

Very Conservative Balance SheetMinimal leverage gives Sea Sonic substantial financial flexibility to withstand industry downturns, fund product development, and maintain operations without heavy financing costs. The strong equity base also reduces refinancing exposure and supports resilient capital allocation through the cycle.

Negative Factors

Cyclical Revenue ProfileThe history of pronounced revenue swings reduces confidence that recent improvement represents a steadily compounding growth trajectory. Cyclical demand can create uneven capacity utilization and earnings visibility, making medium-term planning and sustained expansion more difficult.

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

Strong financial profile, supported by minimal leverage, solid profitability, and robust cash generation. Performance remains below the 2021 peak and has shown some historical cyclicality.

Income Statement

88Very Positive

Balance Sheet

94Very Positive

Cash Flow

87Very Positive

Financial statement breakdown
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

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6203 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:6203	80Outperform	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

TW:6203 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6203	Sea Sonic Electronics Co., Ltd.	49.60	-28.61	-36.58%
TW:1611	China Electric MFG Corp.	11.60	-0.24	-2.04%
TW:3501	Well Shin Technology Co., Ltd.	34.85	-10.94	-23.89%
TW:5299	Excelliance MOS Corp.	79.80	7.76	10.77%
TW:5381	Spectrum Electrics Corporation	19.30	-8.23	-29.89%
TW:6101	Kwan's International Co., Ltd.	37.80	-0.10	-0.26%

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

Sea Sonic Electronics Co., Ltd. AI Stock Analysis