Macnica Galaxy Inc. (6227) AI Stock Analysis

Macnica Galaxy Inc.

(TPEx:6227)

Select Model

Rating:65.1Neutral

Price Target:TWD 106.00▼(-3.20% Downside)

Action:initiatedcoverage

Date:11/10/26

The score is supported by strong valuation, revenue and earnings growth, and a low-leverage balance sheet. These strengths are substantially offset by deteriorating cash flow, declining margins, and bearish technical momentum, despite oversold readings.

Positive Factors

Balance Sheet DeleveragingThe sharp reduction in leverage materially lowers balance-sheet risk and improves financial flexibility. A more conservative capital structure can reduce interest sensitivity, strengthen resilience during industry downturns, and leave the company better positioned to fund operations or pursue growth without relying heavily on debt.

Negative Factors

Free Cash Flow VolatilityThe steep deterioration in cash generation is a meaningful constraint because accounting earnings may not translate consistently into liquidity. Working-capital or timing swings can reduce financial flexibility, make investment planning less predictable, and pressure the company more severely during weaker operating periods.

Macnica Galaxy Inc. (6227) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 8.22B
Dividend Yield: 4.11%
Average Volume (3M): 938.14K
Price to Earnings (P/E): 8.5
Beta (1Y): 0.89
Revenue Growth: 47.32%
EPS Growth: 96.76%
Country: TW
Employees: 226
Sector: General
Sector Strength: 55
Industry: Technology Distributors

Macnica Galaxy Inc. Business Overview & Revenue Model

Company Description

Macnica Galaxy Inc., established in 1979, has its corporate headquarters in New Taipei City, Taiwan, and functions as a subsidiary of Chungju Co., Ltd. The firm specializes in providing integrated circuit (IC) products and related services across bot...

Macnica Galaxy Inc. Financial Statement Overview

Summary

Revenue and net income grew strongly, and the balance sheet remains low-leverage with healthy return on equity. However, declining margins and a sharp deterioration in operating and free cash flow materially weaken financial quality; the cash flow input was floored at the required minimum score of 37.

Income Statement

75Positive

Balance Sheet

88Very Positive

Cash Flow

35Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	20.58B	17.49B	12.33B	13.35B	15.00B	14.28B
Gross Profit	2.05B	1.49B	1.29B	1.23B	1.34B	1.05B
EBITDA	1.31B	804.13M	717.34M	636.45M	770.85M	565.88M
Net Income	999.34M	595.46M	490.00M	318.43M	578.48M	423.31M
Balance Sheet
Total Assets	11.85B	7.57B	6.56B	6.80B	9.43B	6.36B
Cash, Cash Equivalents and Short-Term Investments	1.36B	527.82M	571.40M	320.88M	315.13M	298.35M
Total Debt	1.86B	208.61M	499.27M	797.97M	2.91B	1.32B
Total Liabilities	8.64B	4.53B	3.81B	4.41B	7.03B	4.33B
Stockholders Equity	3.17B	2.99B	2.72B	2.39B	2.40B	2.04B
Cash Flow
Free Cash Flow	-394.70M	162.52M	1.36B	2.16B	-1.70B	-69.16M
Operating Cash Flow	-373.45M	185.95M	1.38B	2.17B	-1.69B	-61.95M
Investing Cash Flow	-22.30M	-21.06M	-43.19M	-8.69M	-13.35M	-6.88M
Financing Cash Flow	1.10B	-191.26M	-1.22B	-1.99B	1.68B	59.19M

Macnica Galaxy Inc. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6227 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:5403	77Outperform	TWD 6.87B	10.69	―	7.37%	2.60%	-2.42%
TW:6227	65Neutral	TWD 8.26B	8.47	―	4.11%	47.32%	96.76%
TW:2414	59Neutral	TWD 8.50B	10.81	―	6.22%	35.65%	43.54%
TW:3479	59Neutral	TWD 7.72B	14.47	―	4.38%	10.71%	1.91%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:2450	53Neutral	TWD 7.11B	15.22	―	5.60%	16.30%	14.23%
TW:8234	43Neutral	TWD 7.22B	81.22	―	0.77%	4.36%	-21.02%

* General Sector Average

Performance Comparison

TW:6227 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6227	Macnica Galaxy Inc.	109.50	23.98	28.03%
TW:2414	Unitech Computer Co., Ltd.	48.00	8.98	23.02%
TW:2450	Senao International Co. Ltd.	27.70	0.10	0.37%
TW:3479	Avalue Technology Inc.	105.50	6.72	6.80%
TW:5403	Dimerco Data System Corporation	88.20	-21.69	-19.74%
TW:8234	Nexcom International Co., Ltd.	51.70	-20.26	-28.15%

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

Macnica Galaxy Inc. AI Stock Analysis