Ennoconn Corp. (6414) AI Stock Analysis

Ennoconn Corp.

(TWSE:6414)

Select Model

Rating:60Neutral

Price Target:TWD 339.00▲(3.83% Upside)

Action:initiatedcoverage

Date:11/10/26

The score is supported primarily by improved profitability, balance-sheet strength, and reasonable valuation. These positives are offset by declining revenue, weaker cash-flow conversion, and clearly bearish technical momentum.

Positive Factors

Improving Operating ProfitabilityThe stronger operating margin indicates improved profitability from the company’s core activities despite a difficult revenue year. If maintained, this efficiency gains can support earnings resilience, provide more internal funding for industrial-computing investments, and improve competitiveness across future demand cycles.

Negative Factors

Revenue Decline and Demand VolatilityThe reversal from strong growth to an 8.4% revenue decline highlights sensitivity to end-demand and customer cycles. Uneven sales can make capacity planning, earnings forecasting, and fixed-cost absorption more difficult, limiting the durability of profitability during weaker industrial spending periods.

Ennoconn Corp. (6414) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 51.82B
Dividend Yield: 4.22%
Average Volume (3M): 1.20M
Price to Earnings (P/E): 13.4
Beta (1Y): 0.77
Revenue Growth: 8.27%
EPS Growth: 19.95%
Country: TW
Employees: 9,585
Sector: General
Sector Strength: 55
Industry: Computer Hardware

Ennoconn Corp. Business Overview & Revenue Model

Company Description

Established in 1999 and headquartered in New Taipei City, Taiwan, Ennoconn Corporation specializes in the global design and development of industrial-grade motherboards. The company delivers robust hardware system solutions meticulously engineered fo...

Ennoconn Corp. Financial Statement Overview

Summary

Improved profitability and a stronger balance sheet support the score, but revenue declined, net margin remains thin, and free cash flow weakened materially.

Income Statement

62Positive

Balance Sheet

70Positive

Cash Flow

56Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Mar 2024	Dec 2022	Dec 2021
Income Statement
Total Revenue	158.62B	142.29B	146.38B	121.64B	108.23B	85.37B
Gross Profit	31.31B	29.18B	28.83B	23.60B	19.61B	17.04B
EBITDA	14.58B	15.67B	13.83B	10.79B	8.24B	7.23B
Net Income	3.62B	3.21B	2.74B	2.26B	3.45B	1.33B
Balance Sheet
Total Assets	185.06B	165.17B	147.01B	126.78B	119.29B	100.63B
Cash, Cash Equivalents and Short-Term Investments	30.02B	29.12B	28.17B	24.45B	26.09B	18.58B
Total Debt	43.05B	39.67B	43.45B	34.90B	37.84B	32.62B
Total Liabilities	119.65B	100.98B	92.74B	77.11B	76.58B	69.26B
Stockholders Equity	28.50B	27.73B	24.27B	21.90B	15.54B	10.80B
Cash Flow
Free Cash Flow	8.33B	6.30B	9.32B	4.84B	-2.75B	-1.12B
Operating Cash Flow	11.77B	11.42B	14.10B	7.43B	-739.48M	1.65B
Investing Cash Flow	-4.62B	-3.57B	-7.06B	-6.29B	4.58B	-1.11B
Financing Cash Flow	-529.91M	-6.99B	-3.80B	-4.43B	3.04B	2.02B

Ennoconn Corp. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6414 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:3005	77Outperform	TWD 66.83B	12.88	―	6.20%	11.11%	3.90%
TW:3596	66Neutral	TWD 29.87B	10.54	―	6.47%	4.32%	5.74%
TW:6414	60Neutral	TWD 52.49B	13.45	―	4.22%	8.27%	19.95%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:2388	54Neutral	TWD 31.52B	33.04	―	0.09%	-2.83%	4352.20%
TW:2352	44Neutral	TWD 47.26B	29.19	―	11.06%	1.60%	19.60%

* General Sector Average

Performance Comparison

TW:6414 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6414	Ennoconn Corp.	326.50	60.47	22.73%
TW:2352	Qisda Corporation	28.90	1.63	5.97%
TW:2388	VIA Technologies, Inc.	56.60	4.83	9.33%
TW:3005	Getac Holdings Corporation	109.50	-12.60	-10.32%
TW:3596	Arcadyan Technology Corporation	139.00	-40.42	-22.53%
TW:7711	ASrock Rack, Inc.	559.00	186.62	50.12%

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

Ennoconn Corp. AI Stock Analysis