WNC Corporation AI Stock Analysis
WNC Corporation (6285) AI Stock Analysis
WNC Corporation
(TWSE:6285)
WNC scores in the middle of the range. The foundation is reasonably solid — low leverage, a doubled equity base and free cash flow well above reported earnings — but profitability is trending the wrong way, with revenue flat for three years, razor-thin net margins of 2.8%, two consecutive years of declining net income and ROE compression from 15.3% to 8.9%. The larger drag is technical: the share price sits far below all major moving averages with sharply negative MACD, reflecting a sustained downtrend, though RSI near 24 indicates the selling has become extended. A modest 14.0x P/E and 2.6% dividend yield provide valuation support and cushion the downside, leaving the stock fairly priced for its current fundamentals but lacking a clear growth or momentum catalyst.
WNC Corporation (6285) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 93.06B
- Dividend Yield
- 2.25%
- Average Volume (3M)
- 5.53M
- Price to Earnings (P/E)
- 16.0
- Beta (1Y)
- 1.36
- Revenue Growth
- 29.79%
- EPS Growth
- 88.44%
- Country
- TW
- Employees
- 11,532
- Sector
- General
- Sector Strength
- 55
- Industry
- Communication Equipment
WNC Corporation Business Overview & Revenue Model
Company Description
WNC Corporation is a company dedicated to offering specialized design and manufacturing services for communication-related products. It operates either by providing outsourced design and manufacturing (ODM) or through collaborative joint development...
WNC Corporation Financial Statement Overview
Summary
A financially sound but maturing profile. Strengths: a much healthier balance sheet (debt-to-equity cut from 0.92x in 2022 to 0.39x, equity doubled since 2020 to NT$34.3bn, funding 46% of assets) and strong cash generation (operating cash flow of NT$8.5bn and free cash flow of NT$5.7bn, nearly double net income, confirming high earnings quality). Weaknesses center on the income statement: revenue has been flat for three straight years near NT$110bn, margins are thin (12.5% gross, 2.8% net), net income has fallen two years running from NT$3.80bn to NT$3.06bn, and return on equity has compressed from 15.3% to 8.9%. Cash flow and leverage are reassuring, but profitability is drifting lower.
Income Statement
56NeutralBalance Sheet
70PositiveCash Flow
74Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 122.99B | 110.25B | 110.21B | 110.79B | 95.26B | 67.23B |
| Gross Profit | 15.78B | 13.76B | 13.38B | 13.59B | 11.59B | 7.25B |
| EBITDA | 8.59B | 7.44B | 7.54B | 7.49B | 6.10B | 3.03B |
| Net Income | 4.41B | 3.06B | 3.45B | 3.80B | 3.12B | 1.23B |
Balance Sheet | ||||||
| Total Assets | 105.24B | 75.31B | 75.36B | 69.21B | 65.88B | 44.50B |
| Cash, Cash Equivalents and Short-Term Investments | 17.96B | 18.73B | 16.39B | 11.28B | 5.43B | 4.20B |
| Total Debt | 24.84B | 13.40B | 15.36B | 14.51B | 18.66B | 10.14B |
| Total Liabilities | 69.44B | 41.02B | 43.38B | 38.72B | 45.52B | 27.49B |
| Stockholders Equity | 35.80B | 34.29B | 31.98B | 30.49B | 20.36B | 17.00B |
Cash Flow | ||||||
| Free Cash Flow | -12.26B | 5.67B | 7.04B | 3.78B | -7.17B | -6.12B |
| Operating Cash Flow | -9.94B | 8.52B | 10.33B | 7.14B | -3.42B | -3.57B |
| Investing Cash Flow | -3.27B | -3.43B | -3.53B | -3.34B | -3.82B | -2.04B |
| Financing Cash Flow | 9.50B | -3.77B | -2.25B | 146.33M | 8.19B | 4.22B |
WNC Corporation Peers Comparison
Overall Rating
TW:497961Neutral
TW:641461Neutral
TW:370660Neutral- TW:628559Neutral
TW:349154Neutral
TW:235244Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:4979 | 61Neutral | TWD 54.47B | 61.63 | ― | 0.56% | 23.09% | 43.10% |
| TW:6414 | 61Neutral | TWD 52.49B | 12.92 | ― | 4.13% | 8.27% | 19.95% |
| TW:3706 | 60Neutral | TWD 102.99B | 12.88 | ― | 4.22% | 50.91% | 23.24% |
| TW:6285 | 59Neutral | TWD 92.58B | 15.99 | ― | 2.25% | 29.79% | 88.44% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:3491 | 54Neutral | TWD 89.88B | 105.82 | ― | 0.52% | 35.74% | 60.85% |
| TW:2352 | 44Neutral | TWD 47.26B | 30.20 | ― | 10.69% | 1.60% | 19.60% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:6285 | WNC Corporation | 191.50 | 89.72 | 88.14% | |
| TW:2352 | Qisda Corporation | 29.90 | 2.00 | 7.17% | |
| TW:3491 | Universal Microwave Technology, Inc. | 1305.00 | 843.92 | 183.03% | |
| TW:3706 | MiTAC Holdings Corp. | 71.10 | -12.78 | -15.23% | |
| TW:4979 | Luxnet Corporation | 383.00 | 188.50 | 96.92% | |
| TW:6414 | Ennoconn Corp. | 334.00 | 61.71 | 22.66% |
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