Hauman Technologies Corp. (6218) AI Stock Analysis

Hauman Technologies Corp.

(TPEx:6218)

Select Model

Rating:40Underperform

Price Target:TWD 40.00▼(-6.21% Downside)

Action:initiatedcoverage

Date:11/09/26

Hauman Technologies scores poorly, driven primarily by deteriorating financial performance: severe gross margin compression has produced a second consecutive year of operating and net losses, and cash generation has swung back to slightly negative. A conservatively leveraged balance sheet with debt-to-equity of 0.31 provides some cushion and buys time for a recovery, but shareholders' equity has declined three years running. Technical signals compound the caution, with the price falling below its 20-, 50- and 100-day averages and a negative MACD, though it still holds above the 200-day line and readings are nearing oversold. Valuation offers no support, with a demanding 26x P/E against loss-making results and no dividend. A turnaround in margins is the key catalyst to watch.

Positive Factors

Moderate LeverageModerate leverage provides a relatively stronger financial base than an overextended capital structure would. Substantial equity relative to assets may preserve some flexibility to manage volatility, support operations, and address the current earnings downturn.

Negative Factors

Profitability DeteriorationA shift from multi-year profitability to sizable losses materially weakens the business’s earnings foundation. Persistent negative operating and net margins can reduce internal funding capacity, limit strategic flexibility, and make a return to sustainable growth more difficult.

Hauman Technologies Corp. (6218) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 2.81B
Dividend Yield: ―
Average Volume (3M): 3.54M
Price to Earnings (P/E): 25.7
Beta (1Y): 1.02
Revenue Growth: 9.99%
EPS Growth: ―
Country: TW
Employees: 160
Sector: General
Sector Strength: 55
Industry: Semiconductors

Hauman Technologies Corp. Business Overview & Revenue Model

Company Description

Hauman Technologies Corp. specializes in creating and delivering advanced products and comprehensive solutions for the semiconductor and information technology network sectors, primarily serving markets in Taiwan and mainland China. The company's div...

Hauman Technologies Corp. Financial Statement Overview

Summary

Weak overall. Revenue has grown steadily to about NT$1.32 billion, but gross margin collapsed from 33.4% in 2020 to 12.7%, driving an operating loss of NT$133 million and a net loss of NT$74 million (income statement score 27). Cash flow is erratic and slightly negative at -NT$3 million operating and -NT$3.8 million free cash flow after a strong prior year (cash flow score 30). The balance sheet is the one supportive pillar, with equity funding roughly half of NT$1.73 billion in assets and debt-to-equity at a manageable 0.31, though equity has eroded for three consecutive years and borrowings have risen (balance sheet score 55). The narrowing loss is an early positive, but profitability must be restored.

Income Statement

27Negative

Balance Sheet

55Neutral

Cash Flow

30Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.40B	1.32B	1.26B	1.06B	1.02B	924.25M
Gross Profit	261.02M	167.81M	160.54M	270.63M	280.56M	259.29M
EBITDA	-29.57M	-114.10M	-113.49M	72.22M	75.84M	48.35M
Net Income	108.21M	-73.97M	-107.67M	28.14M	23.26M	44.78M
Balance Sheet
Total Assets	1.59B	1.73B	1.79B	1.91B	2.05B	1.61B
Cash, Cash Equivalents and Short-Term Investments	362.61M	422.14M	271.11M	281.45M	279.80M	463.11M
Total Debt	128.72M	265.19M	188.82M	375.66M	451.89M	14.46M
Total Liabilities	589.18M	878.56M	894.66M	891.76M	1.07B	603.36M
Stockholders Equity	1.00B	849.01M	897.18M	1.02B	979.15M	1.01B
Cash Flow
Free Cash Flow	60.41M	-3.84M	187.27M	39.16M	-461.46M	4.26M
Operating Cash Flow	61.98M	-3.04M	191.31M	40.01M	-466.18M	7.88M
Investing Cash Flow	42.04M	82.59M	-2.62M	29.13M	100.93M	78.90M
Financing Cash Flow	-209.92M	73.23M	-219.81M	-71.27M	323.44M	-64.53M

Hauman Technologies Corp. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6218 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:3025	74Outperform	TWD 2.78B	10.39	―	6.54%	33.73%	81.12%
TW:8048	70Outperform	TWD 2.96B	14.63	―	4.02%	29.69%	39.16%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:6292	53Neutral	TWD 2.53B	9.62	―	3.30%	21.17%	345.80%
TW:3047	41Neutral	TWD 2.99B	-14.89	―	2.23%	-32.95%	-101.63%
TW:6142	41Neutral	TWD 2.53B	-27.46	―	―	11.42%	48.35%
TW:6218	40Underperform	TWD 2.74B	25.74	―	―	9.99%	―

* General Sector Average

Performance Comparison

TW:6218 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6218	Hauman Technologies Corp.	42.65	23.90	127.47%
TW:3025	Loop Telecommunication International, Inc.	48.95	5.05	11.51%
TW:3047	Edimax Technology Co., Ltd.	13.40	-5.80	-30.21%
TW:6142	Cameo Communications, Inc.	8.32	-2.06	-19.88%
TW:6292	AXIS Corporation	54.60	14.69	36.79%
TW:8048	Ruby Tech Corporation	49.80	6.14	14.08%

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

Hauman Technologies Corp. AI Stock Analysis