WNC Corporation (6285) AI Stock Analysis

WNC Corporation

(TWSE:6285)

Select Model

Rating:60Neutral

Price Target:TWD 173.00▼(-11.05% Downside)

Action:initiatedcoverage

Date:11/10/26

The score is supported by a solid balance sheet and reasonable valuation, but declining earnings and cash-flow trends, combined with clearly bearish technical momentum, weigh on the overall assessment.

Positive Factors

Improved Balance SheetSubstantially lower leverage gives WNC greater financial flexibility than in 2022 and reduces balance-sheet strain. A stronger equity base can help the company sustain operations, fund product development, and absorb periods of weaker demand without relying as heavily on additional borrowing.

Negative Factors

Severe Revenue ContractionThe abrupt revenue contraction is a major fundamental risk because it signals a substantial loss of business momentum after strong expansion in 2022–2023. If demand does not recover, lower scale could pressure operating leverage, reduce investment capacity, and weaken earnings over coming quarters.

WNC Corporation (6285) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 94.03B
Dividend Yield: 2.21%
Average Volume (3M): 5.57M
Price to Earnings (P/E): 16.2
Beta (1Y): 1.38
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

The balance sheet is strong, supported by lower debt and improved equity, but declining profitability, modest margins, lower ROE, and weaker cash flow limit the score.

Income Statement

58Neutral

Balance Sheet

76Positive

Cash Flow

61Positive

Financial statement breakdown
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

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6285 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:4979	61Neutral	TWD 54.47B	58.49	―	0.54%	23.09%	43.10%
TW:6414	61Neutral	TWD 52.49B	13.45	―	4.22%	8.27%	19.95%
TW:3706	60Neutral	TWD 102.99B	13.07	―	4.32%	50.91%	23.24%
TW:6285	60Neutral	TWD 92.58B	16.16	―	2.21%	29.79%	88.44%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:3491	54Neutral	TWD 89.88B	121.16	―	0.47%	61.31%	111.10%
TW:2352	44Neutral	TWD 47.26B	29.19	―	11.06%	1.60%	19.60%

* General Sector Average

Performance Comparison

TW:6285 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6285	WNC Corporation	194.50	94.68	94.86%
TW:2352	Qisda Corporation	28.90	2.26	8.47%
TW:3491	Universal Microwave Technology, Inc.	1435.00	972.43	210.23%
TW:3706	MiTAC Holdings Corp.	69.40	-12.28	-15.03%
TW:4979	Luxnet Corporation	396.00	200.51	102.57%
TW:6414	Ennoconn Corp.	326.50	54.69	20.12%

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

WNC Corporation AI Stock Analysis