Neith Corporation (6236) AI Stock Analysis

Neith Corporation

(TPEx:6236)

Select Model

Rating:59Neutral

Price Target:TWD 15.50▲(14.39% Upside)

Action:initiatedcoverage

Date:11/10/26

The overall score of 59 reflects a company with significantly improved financial health and a rock-solid balance sheet, offset by severe technical weakness and an extreme valuation. The strong cash generation and debt-free posture are the primary strengths, but the stock is trading below all major moving averages with a P/E ratio that suggests it is highly overvalued relative to current earnings, creating a high-risk profile.

Positive Factors

Return to ProfitabilityThe return to positive net income and a near-10% EBITDA margin marks a meaningful recovery from the large losses recorded in 2023–2024. If maintained, this improvement can strengthen internal funding capacity and support a more durable earnings base over the next several quarters.

Negative Factors

Revenue ContractionThe 2025 revenue decline interrupts the prior growth pattern and raises concern about the durability of demand or commercial expansion. Without renewed top-line growth, the company may have less opportunity to spread costs, leverage its gross margin, and sustain the recent earnings recovery.

Neith Corporation (6236) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 564.41M
Dividend Yield: ―
Average Volume (3M): 4,513
Price to Earnings (P/E): 1715.2
Beta (1Y): -0.10
Revenue Growth: -23.34%
EPS Growth: -35.54%
Country: TW
Employees: 51
Sector: General
Sector Strength: 55
Industry: Biotechnology

Neith Corporation Business Overview & Revenue Model

Company Description

Neith Corporation operates in diverse sectors, encompassing biotechnology, medical aesthetics, and preventive health solutions. The company provides a variety of nutritional supplements, including L-One, a liquid formula designed to support ocular we...

Neith Corporation Financial Statement Overview

Summary

Neith Corporation's financials show a strong inflection point in 2025, achieving net profitability and positive operating cash flow. The balance sheet is a fortress with a 0.05 debt-to-equity ratio. The score is tempered by an 8.1% revenue decline and a still-negative operating income, indicating fragile profitability.

Income Statement

72Positive

Balance Sheet

85Very Positive

Cash Flow

78Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	31.84M	36.15M	45.57M	39.90M	32.06M	31.39M
Gross Profit	23.80M	26.19M	33.72M	18.02M	13.37M	14.51M
EBITDA	2.65M	3.58M	-12.08M	-33.61M	-18.49M	-2.28M
Net Income	324.00K	3.16M	-16.88M	-40.03M	-23.69M	-5.35M
Balance Sheet
Total Assets	166.79M	167.94M	170.88M	192.15M	228.86M	76.75M
Cash, Cash Equivalents and Short-Term Investments	138.97M	141.21M	133.09M	162.30M	181.78M	36.07M
Total Debt	5.50M	7.00M	9.92M	3.54M	10.42M	1.19M
Total Liabilities	11.02M	13.10M	16.57M	17.43M	20.37M	5.08M
Stockholders Equity	155.78M	154.84M	154.32M	174.72M	208.49M	71.67M
Cash Flow
Free Cash Flow	4.65M	9.29M	-27.99M	-17.64M	-34.16M	5.96M
Operating Cash Flow	4.65M	9.29M	-27.99M	-17.64M	-26.46M	7.46M
Investing Cash Flow	41.00K	1.75M	10.06M	-6.72M	15.46M	2.77M
Financing Cash Flow	-2.97M	-2.92M	-2.83M	-3.57M	156.72M	-1.39M

Neith Corporation Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6236 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:6865	66Neutral	TWD 543.33M	-39.42	―	4.09%	-37.97%	-138.87%
TW:6294	60Neutral	TWD 692.85M	9.76	―	11.52%	-12.40%	-35.00%
TW:8176	59Neutral	TWD 637.24M	36.26	―	―	-31.88%	-83.03%
TW:6236	59Neutral	TWD 574.83M	1715.19	―	―	-23.34%	-35.54%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:2321	44Neutral	TWD 493.55M	33.72	―	―	2.67%	―
TW:6241	40Underperform	TWD 746.75M	34.89	―	―	-6.78%	―

* General Sector Average

Performance Comparison

TW:6236 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6236	Neith Corporation	13.55	-15.75	-53.75%
TW:2321	Tecom Co., Ltd.	29.00	-3.00	-9.37%
TW:6241	Amigo Technology, Inc.	16.40	0.57	3.61%
TW:6294	Tekom Technologies, Inc.	26.05	-17.49	-40.17%
TW:6865	WebComm Technology Co., Ltd.	34.30	-12.33	-26.44%
TW:8176	Z-Com, Inc.	11.35	-1.42	-11.11%

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

Neith Corporation AI Stock Analysis