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Polytronics Technology Corp. (6224) AI Stock Analysis

TW:6224

Polytronics Technology Corp.

(TWSE:6224)

Select Model
Rating:42Neutral
Price Target:TWD 54.00â–¼(-10.45% Downside)
Action:initiatedcoverage
Date:11/10/26

Primarily impacted by weak financial performance with declining revenues and margins, compounded by bearish technical signals and stretched valuation at high P/E.

Positive Factors
Manageable LeverageModerate and broadly stable leverage gives Polytronics financial cushioning while limiting the pressure of debt service on operations. The sizable equity base relative to assets also supports resilience and preserves flexibility to fund the business through weaker earnings periods.
Negative Factors
Revenue ContractionRecent revenue weakness signals softer demand or reduced activity across the company’s electronics-materials markets. A flat-to-declining top line limits operating leverage, makes fixed costs harder to absorb, and constrains the ability to rebuild earnings without stronger volume or mix.

Polytronics Technology Corp. (6224) vs. SPDR S&P 500 ETF (SPY)

-25%0%25%50%75%100%125%TW:6224+41.37%SPY+14.30%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
TWD 5.14B
Dividend Yield
2.07%
Average Volume (3M)
1.27M
Price to Earnings (P/E)
50.6
Beta (1Y)
1.46
Revenue Growth
-8.16%
EPS Growth
-47.96%
Country
TW
Employees
808
Sector
General
Sector Strength
55
Industry
Electrical Equipment & Parts

Polytronics Technology Corp. Business Overview & Revenue Model

Company Description

Polytronics Technology Corp., established in Hsinchu City, Taiwan, in 1997, specializes in the development, manufacturing, and global distribution of advanced circuit protection and thermal management solutions tailored for high-density electronic sy...

Polytronics Technology Corp. Financial Statement Overview

Summary

Revenue and profitability declined sharply since 2021 with net margins at 2%, though balance sheet shows moderate debt levels and cash flows remain positive.

Income Statement

38Negative

Balance Sheet

58Neutral

Cash Flow

62Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue2.85B2.85B2.93B2.79B2.94B3.08B
Gross Profit839.13M804.38M913.04M700.97M508.88M1.11B
EBITDA206.78M220.40M456.02M302.35M224.87M751.02M
Net Income101.76M57.02M190.94M106.35M89.94M510.05M
Balance Sheet
Total Assets4.37B4.01B4.39B4.33B4.59B5.53B
Cash, Cash Equivalents and Short-Term Investments1.23B1.14B1.32B1.34B1.22B1.85B
Total Debt1.22B939.41M1.07B982.34M1.01B1.32B
Total Liabilities2.11B1.81B1.96B1.51B1.59B2.17B
Stockholders Equity2.25B2.18B2.35B2.59B2.63B2.84B
Cash Flow
Free Cash Flow-157.02M178.49M181.66M299.73M3.65M-269.27M
Operating Cash Flow-11.58M299.61M324.29M378.63M169.41M30.62M
Investing Cash Flow-61.51M44.94M-607.61M-142.82M222.90M-1.24B
Financing Cash Flow46.63M-343.08M-230.30M-147.79M-731.95M1.31B

Polytronics Technology Corp. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TW:6224 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
TW:6155TW:615550NeutralTWD 5.11B41.31―1.34%21.25%186.54%
TW:3338TW:333849NeutralTWD 4.66B38.48―2.44%7.22%-41.87%
TW:6224TW:622442NeutralTWD 5.15B50.58―2.07%-8.16%-47.96%
TW:8121TW:812140UnderperformTWD 5.09B-274.63――19.70%83.81%
TW:6127TW:612737UnderperformTWD 5.14B-59.17――-6.78%-843.88%

* General Sector Average

Performance Comparison

0%250%500%750%1000%TW:6224TW:3338TW:3585TW:6127TW:6155TW:8121Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TW:6224 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TW:6224Polytronics Technology Corp.60.3015.6935.17%
TW:3338TaiSol Electronics Co., Ltd.53.204.419.05%
TW:3585Advance Materials Corporation48.3035.05264.53%
TW:6127LEATEC Fine Ceramics Co., Ltd.50.1020.9071.58%
TW:6155King Core Electronics Inc.59.6022.5460.84%
TW:8121ACME Electronics Corporation24.15-3.65-13.13%
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