ITEQ Corporation AI Stock Analysis
ITEQ Corporation (6213) AI Stock Analysis
ITEQ Corporation
(TWSE:6213)
ITEQ scores in the lower-middle range. The fundamentals are improving — record revenue, an 84% jump in net income, a second straight year of margin expansion, positive free cash flow and a conservatively leveraged balance sheet (debt-to-equity 0.28) — but profitability and returns remain well below the prior cycle peak and capex continues to absorb most of the cash generated. The bigger drags are the stock's sharp technical breakdown, with price falling below its 20-, 50- and 100-day averages on negative MACD and deeply depressed momentum readings, and a stretched valuation at 76x earnings with a minimal 0.60% yield. A high beta of 1.60 adds further risk. Earnings call and corporate event data were unavailable and excluded from the calculation.
ITEQ Corporation (6213) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 202.15B
- Dividend Yield
- 0.52%
- Average Volume (3M)
- 16.31M
- Price to Earnings (P/E)
- 42.6
- Beta (1Y)
- 1.63
- Revenue Growth
- 41.96%
- EPS Growth
- 290.01%
- Country
- TW
- Employees
- 3,385
- Sector
- General
- Sector Strength
- 55
- Industry
- Hardware, Equipment & Parts
ITEQ Corporation Business Overview & Revenue Model
Company Description
Headquartered in Hsinchu City, Taiwan, and established in 1997, ITEQ Corporation is a key manufacturer and supplier of copper clad laminate (CCL) materials. These materials are fundamental to the production of printed circuit boards. The company's di...
ITEQ Corporation Financial Statement Overview
Summary
ITEQ is in a credible cyclical recovery. Revenue hit a record NT$33.1 billion (+13% y/y), net income rose about 84% to NT$1.51 billion, gross margin widened to 14.5% from 12.6%, and operating cash flow more than doubled to NT$2.30 billion with free cash flow turning positive at NT$758 million. The balance sheet is the standout strength: equity funds roughly 56% of assets and debt-to-equity is a conservative 0.28, with ROE improving to 7.1%. Offsetting this, margins and returns remain far below the 2020–2021 peak (net margin 4.6% vs. near 10%), free cash flow converts only about a third of net income due to heavy capex, and borrowings have more than doubled since 2021. Solid financial footing, but earnings quality remains thin and demand-cycle dependent.
Income Statement
58NeutralBalance Sheet
70PositiveCash Flow
56Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 37.31B | 33.10B | 29.38B | 25.08B | 29.13B | 32.52B |
| Gross Profit | 5.77B | 4.78B | 3.69B | 3.11B | 3.94B | 5.98B |
| EBITDA | 4.92B | 3.97B | 2.97B | 2.46B | 3.58B | 4.84B |
| Net Income | 2.35B | 1.51B | 821.79M | 676.63M | 1.86B | 3.14B |
Balance Sheet | ||||||
| Total Assets | 43.29B | 38.21B | 34.84B | 33.38B | 33.38B | 36.24B |
| Cash, Cash Equivalents and Short-Term Investments | 4.01B | 4.99B | 4.65B | 5.68B | 5.22B | 4.43B |
| Total Debt | 6.11B | 5.88B | 5.79B | 5.54B | 4.58B | 2.41B |
| Total Liabilities | 20.70B | 16.95B | 14.20B | 13.94B | 13.27B | 14.92B |
| Stockholders Equity | 22.59B | 21.27B | 20.65B | 19.44B | 20.11B | 21.31B |
Cash Flow | ||||||
| Free Cash Flow | -1.81B | 758.42M | -801.15M | 970.38M | 3.27B | -1.80B |
| Operating Cash Flow | 123.10M | 2.30B | 925.14M | 2.10B | 6.43B | 3.15B |
| Investing Cash Flow | -1.34B | -1.51B | -1.70B | -1.30B | -3.22B | -4.96B |
| Financing Cash Flow | -410.15M | -535.21M | -388.63M | -171.43M | -1.39B | 2.93B |
ITEQ Corporation Peers Comparison
Overall Rating
TW:803959.5Neutral
TW:181555Neutral
TW:627454Neutral- TW:621351Neutral
TW:171748Neutral
TW:180241Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:8039 | 60Neutral | TWD 56.59B | 73.94 | ― | 0.88% | 2.53% | 118.11% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:1815 | 55Neutral | TWD 78.68B | 33.37 | ― | 0.36% | 48.55% | 293.99% |
| TW:6274 | 54Neutral | TWD 294.07B | 36.17 | ― | 0.71% | 86.84% | 165.06% |
| TW:6213 | 51Neutral | TWD 191.98B | 42.63 | ― | 0.52% | 41.96% | 290.01% |
| TW:1717 | 48Neutral | TWD 74.84B | 33.16 | ― | 1.58% | -1.57% | 36.18% |
| TW:1802 | 41Neutral | TWD 202.98B | 45.12 | ― | ― | 11.76% | ― |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:6213 | ITEQ Corporation | 580.00 | 469.43 | 424.55% | |
| TW:1717 | Eternal Materials Co., Ltd. | 63.00 | 23.49 | 59.47% | |
| TW:1802 | Taiwan Glass Industry Corp. | 76.70 | 40.65 | 112.76% | |
| TW:1815 | Fulltech Fiber Glass Corp. | 140.50 | 53.98 | 62.39% | |
| TW:6274 | Taiwan Union Technology Corporation | 1060.00 | 661.69 | 166.12% | |
| TW:8039 | TAIFLEX Scientific Co., Ltd. | 227.00 | 159.20 | 234.80% |
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