C.C.P. Contact Probes Co., Ltd. (6217) AI Stock Analysis

C.C.P. Contact Probes Co., Ltd.

(TPEx:6217)

Select Model

Rating:38Underperform

Price Target:TWD 102.00▼(-22.14% Downside)

Action:initiatedcoverage

Date:11/09/26

The score is weighed down primarily by a strained financial profile: despite impressive revenue growth, margins have collapsed, the company has recorded three straight years of net losses, and operating cash flow has been negative for three consecutive years alongside heavy capital spending, leaving it reliant on external funding. Rising debt since 2020 further limits the cushion, though equity still funds about 45% of assets. Technicals reinforce the caution, with the stock trading well below all major moving averages and momentum firmly negative, albeit at deeply oversold levels. Valuation provides no offset given negative earnings and the absence of a dividend. A sustained recovery in gross margins and a return to positive operating cash flow would be the key catalysts for improvement.

Positive Factors

Revenue ReboundThe strong revenue rebound indicates renewed demand for the company’s products and provides a broader base from which operating performance can recover. If sustained, higher sales can improve factory utilization, support customer retention, and create room for management to rebuild profitability over the next several quarters.

Negative Factors

Persistent Losses and Margin CompressionPersistent losses combined with sharp gross-margin compression show that the recent revenue recovery is not translating into earnings. Unless pricing, product mix, or cost structure improves, weaker unit economics can limit reinvestment, prolong the turnaround, and reduce the durability of any future sales growth.

C.C.P. Contact Probes Co., Ltd. (6217) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 14.88B
Dividend Yield: ―
Average Volume (3M): 5.36M
Price to Earnings (P/E): -363.5
Beta (1Y): 1.76
Revenue Growth: 25.51%
EPS Growth: 87.28%
Country: TW
Employees: 220
Sector: General
Sector Strength: 55
Industry: Hardware, Equipment & Parts

C.C.P. Contact Probes Co., Ltd. Business Overview & Revenue Model

Company Description

C.C.P. Contact Probes Co., Ltd., alongside its affiliated companies, operates globally from its base in Taiwan, specializing in the research, development, and manufacturing of spring-loaded probes and diverse connector technologies. The company provi...

C.C.P. Contact Probes Co., Ltd. Financial Statement Overview

Summary

Revenue growth is the lone strength — sales rose ~19% in 2025 to NT$3.70bn and are up over 50% since 2020 — but none of it reaches the bottom line. Gross margin has compressed from ~32% to under 20%, operating margin has turned negative (-6.6%), and the company has posted three consecutive net losses (NT$-185m in 2025). Cash flow is the weakest link, with operating cash flow negative for three straight years (NT$-363m in 2025) and free cash flow of NT$-695m after heavy capex. The balance sheet offers a moderate buffer — equity funds ~45% of assets and debt-to-equity improved to 0.73 from 0.91 — but total debt has quadrupled since 2020 while return on equity remains negative at -6.4%.

Income Statement

33Negative

Balance Sheet

46Neutral

Cash Flow

15Very Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	4.32B	3.70B	3.11B	2.69B	3.28B	2.96B
Gross Profit	894.59M	728.35M	717.54M	747.79M	1.02B	939.45M
EBITDA	107.09M	2.88M	12.47M	199.75M	368.37M	331.57M
Net Income	-49.29M	-184.80M	-254.69M	-35.13M	168.49M	175.08M
Balance Sheet
Total Assets	7.29B	6.39B	6.04B	5.01B	4.88B	3.98B
Cash, Cash Equivalents and Short-Term Investments	959.89M	605.16M	892.06M	1.15B	1.37B	579.84M
Total Debt	2.68B	2.14B	2.29B	1.50B	1.05B	1.28B
Total Liabilities	4.38B	3.50B	3.53B	2.23B	1.88B	2.13B
Stockholders Equity	2.93B	2.91B	2.53B	2.78B	2.99B	1.84B
Cash Flow
Free Cash Flow	-809.01M	-694.81M	-729.49M	-799.89M	188.44M	-759.54M
Operating Cash Flow	-398.80M	-362.85M	-308.49M	-29.45M	538.26M	203.26M
Investing Cash Flow	-454.02M	-66.85M	-376.43M	-772.98M	-325.31M	-978.41M
Financing Cash Flow	950.59M	174.43M	555.74M	440.93M	509.56M	922.16M

C.C.P. Contact Probes Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6217 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:6525	69Neutral	TWD 13.55B	13.63	―	4.74%	18.03%	32.50%
TW:6667	64Neutral	TWD 12.62B	12.58	―	4.56%	28.55%	55.47%
TW:5443	60Neutral	TWD 14.48B	28.25	―	2.48%	12.27%	46.93%
TW:3587	59Neutral	TWD 13.84B	23.00	―	2.15%	-15.79%	34.88%
TW:8255	57Neutral	TWD 12.08B	19.82	―	2.94%	-3.86%	-3.77%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:6217	38Underperform	TWD 15.04B	-363.51	―	―	25.51%	87.28%

* General Sector Average

Performance Comparison

TW:6217 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6217	C.C.P. Contact Probes Co., Ltd.	131.00	78.10	147.64%
TW:3587	Materials Analysis Technology Inc.	195.50	8.70	4.66%
TW:5443	Gallant Precision Machining Co., Ltd.	88.60	3.44	4.04%
TW:6525	GEM Services, Inc.	105.50	30.86	41.35%
TW:6667	Trusval Technology Co., Ltd.	249.00	20.12	8.79%
TW:8255	Actron Technology Corporation	119.00	-3.27	-2.67%

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

C.C.P. Contact Probes Co., Ltd. AI Stock Analysis