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YFC-BonEagle Electric Co., Ltd. (6220) AI Stock Analysis

TW:6220

YFC-BonEagle Electric Co., Ltd.

(TPEx:6220)

Select Model
Rating:44Neutral
Price Target:TWD 22.50â–¼(-6.44% Downside)
Action:initiatedcoverage
Date:11/09/26

YFC-BonEagle scores poorly, driven primarily by weak fundamentals: a multi-year revenue decline, very thin operating and net margins, low return on equity near 3.8% and debt-to-equity around 1.34. Improving gross margin and a strong rebound in operating and free cash flow are genuine positives but have not yet translated into meaningful bottom-line growth. Technicals reinforce the caution, with the stock trading below all major moving averages and negative MACD momentum. Valuation is mixed — a ~3.0% dividend yield offers some income support, but a 20.4x P/E appears full given current profitability. A sustained recovery in revenue and earnings would be needed to improve the outlook.

Positive Factors
Profitability RecoveryThe return to positive earnings shows that the business has regained basic profitability after its 2023 loss. This improves internal funding capacity and provides a more stable base for operations, although the recovery remains modest because bottom-line margins are still thin.
Negative Factors
Thin Net ProfitabilityA net margin of roughly 1.4% leaves limited protection against cost increases, weaker demand, or execution pressures. The gap from earlier peak operating margins suggests that the earnings recovery has not yet become a durable high-return model, constraining retained profit growth.

YFC-BonEagle Electric Co., Ltd. (6220) vs. SPDR S&P 500 ETF (SPY)

-20%0%20%40%60%80%100%TW:6220+5.35%SPY+14.28%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
TWD 3.51B
Dividend Yield
2.91%
Average Volume (3M)
175.15K
Price to Earnings (P/E)
19.1
Beta (1Y)
0.27
Revenue Growth
14.67%
EPS Growth
64.02%
Country
TW
Employees
1,526
Sector
General
Sector Strength
55
Industry
Communication Equipment

YFC-BonEagle Electric Co., Ltd. Business Overview & Revenue Model

Company Description

Established in 1983 and headquartered in Taoyuan City, Taiwan, YFC-Boneagle Electric Co., Ltd. is an international supplier specializing in electrical and data connectivity solutions. The company's comprehensive product catalog includes power-related...

YFC-BonEagle Electric Co., Ltd. Financial Statement Overview

Summary

Weak overall. Revenue has contracted from roughly NT$12.4bn in 2021 to about NT$8.4bn, and despite gross margin expanding to a multi-year high near 28.5%, operating margin (2.6%) and net margin (1.4%) remain razor-thin, with net income slipping to about NT$119m. Earnings have been volatile, including a loss in 2023. The balance sheet is adequate but leveraged, with debt-to-equity near 1.34, equity funding only ~35% of assets, and a low ROE of ~3.8%. The clear bright spot is cash generation: operating cash flow rebounded to about NT$624m and free cash flow swung positive to roughly NT$498m, well above reported net income, though this partly reflects working-capital swings and is not yet a proven trend.

Income Statement

38Negative

Balance Sheet

45Neutral

Cash Flow

58Neutral
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue9.02B8.36B10.10B9.84B11.67B12.45B
Gross Profit2.37B2.39B2.65B1.99B2.29B2.63B
EBITDA662.51M530.15M657.55M-217.14M1.89B483.38M
Net Income169.93M118.53M135.91M-439.99M803.70M100.39M
Balance Sheet
Total Assets10.12B9.09B9.79B9.05B10.20B10.55B
Cash, Cash Equivalents and Short-Term Investments980.73M1.49B1.42B1.37B2.10B702.52M
Total Debt4.90B4.24B4.55B3.85B4.42B6.20B
Total Liabilities6.93B5.93B6.47B5.99B6.31B8.01B
Stockholders Equity3.19B3.16B3.31B3.06B3.89B2.53B
Cash Flow
Free Cash Flow-626.93M498.45M-155.48M84.37M1.16B-1.60B
Operating Cash Flow-508.41M624.12M126.59M355.99M1.44B-1.41B
Investing Cash Flow-202.50M-135.42M-276.23M-235.87M1.75B-207.14M
Financing Cash Flow410.25M-366.18M126.46M-865.34M-1.88B1.50B

YFC-BonEagle Electric Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TW:6220 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
TW:3484TW:348464NeutralTWD 3.26B11.97―6.05%-3.70%-19.49%
TW:6266TW:626663NeutralTWD 3.32B11.17―8.30%-2.31%-10.04%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
TW:6928TW:692847NeutralTWD 3.53B-33.77―1.22%-18.84%-271.24%
TW:5452TW:545245NeutralTWD 3.70B69.09―1.00%-4.18%-24.42%
TW:6126TW:612644NeutralTWD 3.40B37.25―2.34%43.73%-23.83%
TW:6220TW:622044NeutralTWD 3.54B19.14―2.91%14.67%64.02%

* General Sector Average

Performance Comparison

0%25%50%75%TW:6220TW:3484TW:5452TW:6126TW:6266TW:6928Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TW:6220 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TW:6220YFC-BonEagle Electric Co., Ltd.24.051.034.45%
TW:3484Solteam Incorporation41.30-5.35-11.46%
TW:5452Unic Technology Corp.25.053.0713.98%
TW:6126Singatron Enterprise Co. Ltd.25.60-5.47-17.61%
TW:6266Top Union Electronics Corp.21.45-5.95-21.70%
TW:6928Ubiqconn Technology, Inc.45.15-6.25-12.16%
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