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Nuuo, Inc. (6419) AI Stock Analysis

TW:6419

Nuuo, Inc.

(TPEx:6419)

Select Model
Rating:54Neutral
Price Target:TWD 113.00â–¼(-5.83% Downside)
Action:initiatedcoverage
Date:11/09/26

Nuuo scores in the below-average range, driven primarily by weak cash generation and unstable revenue. Despite reporting NT$126.0M of net income, the company burned cash at both the operating (-NT$54.9M) and free cash flow (-NT$55.1M) level, and profits appear partly dependent on non-operating gains, while revenue contracted sharply from the 2024 spike. Technicals reinforce the caution: the stock trades far below all key moving averages with firmly negative MACD momentum. Offsetting these risks are a conservatively financed balance sheet — debt-to-equity of just 0.21, growing equity and a 27.6% ROE — and an undemanding valuation at a 4.1x P/E with a 2.43% dividend yield. The investment case hinges on management stabilizing revenue and converting accounting profits into real cash.

Positive Factors
Strong ProfitabilityPositive net income since 2021 and a 25% 2025 net margin indicate that the VMS/NVR business is currently capable of producing substantial accounting profit. This earnings base can support reinvestment and resilience, although operating consistency still matters.
Negative Factors
Weak Cash ConversionOperating and free cash flow both fell to about -55M in 2025 after positive results in 2023–2024, showing that reported earnings are not converting reliably into cash. This can restrict internally funded investment and raises execution and working-capital concerns over coming quarters.

Nuuo, Inc. (6419) vs. SPDR S&P 500 ETF (SPY)

-50%0%50%100%150%200%250%TW:6419+112.77%SPY+12.79%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
TWD 1.63B
Dividend Yield
2.25%
Average Volume (3M)
265.42K
Price to Earnings (P/E)
4.1
Beta (1Y)
0.97
Revenue Growth
36.78%
EPS Growth
583.03%
Country
TW
Employees
200
Sector
General
Sector Strength
55
Industry
Security & Protection Services

Nuuo, Inc. Business Overview & Revenue Model

Company Description

Established in 2004 and headquartered in Miaoli, Taiwan, NUUO Inc. specializes in delivering comprehensive video surveillance solutions. The company's offerings enable the recording and live monitoring of security footage, alongside seamless integrat...

Nuuo, Inc. Financial Statement Overview

Summary

A mixed profile. The balance sheet is the standout (score 76): equity grew 24% to NT$456.7M, total debt was cut from NT$234.3M to NT$95.2M, debt-to-equity fell to a conservative 0.21, and ROE remains attractive at 27.6% — though total assets shrank, indicating contraction rather than growth-driven deleveraging. The income statement (score 58) is erratic: revenue fell to NT$498.2M in 2025 from NT$776.6M in 2024, and while net margin of 25.3% looks strong, net income of NT$126.0M exceeds EBIT of NT$60.1M, pointing to one-off or non-operating gains rather than core earnings. Cash flow is the clear weak link (score 26): operating cash flow swung to -NT$54.9M and free cash flow to -NT$55.1M despite reported profits, continuing a pattern of negative operating cash flow in three of the past five years. Low leverage provides a buffer, but weak cash conversion and a shrinking revenue base cap the score.

Income Statement

58Neutral

Balance Sheet

76Positive

Cash Flow

26Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue912.10M498.24M776.57M345.60M179.04M266.03M
Gross Profit219.38M132.54M161.98M121.13M84.67M105.26M
EBITDA149.08M77.95M166.22M45.32M95.89M86.44M
Net Income390.94M126.03M137.67M19.43M71.75M64.10M
Balance Sheet
Total Assets1.23B616.26M741.56M427.06M493.43M448.08M
Cash, Cash Equivalents and Short-Term Investments875.90M469.69M631.50M314.06M370.28M304.77M
Total Debt306.69M95.17M234.31M65.04M66.50M63.46M
Total Liabilities517.30M159.61M372.66M148.30M164.03M191.42M
Stockholders Equity714.22M456.65M368.92M278.77M329.13M256.38M
Cash Flow
Free Cash Flow-88.62M-55.07M12.70M60.61M-38.08M-7.50M
Operating Cash Flow-48.21M-54.94M16.07M61.51M-34.81M-6.31M
Investing Cash Flow-7.85M4.87M10.69M34.18M6.62M27.20M
Financing Cash Flow162.22M-184.87M99.00M-89.78M-17.41M-15.09M

Nuuo, Inc. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TW:6419 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
TW:8089TW:808954NeutralTWD 1.98B-11.79―3.30%-67.55%-168.26%
TW:6419TW:641954NeutralTWD 1.58B4.07―2.25%36.78%583.03%
TW:6570TW:657047NeutralTWD 1.60B17.43―2.55%14.53%96.60%
TW:2444TW:244443NeutralTWD 1.46B-6.51――-28.59%-77.80%
TW:8059TW:805939UnderperformTWD 1.61B-10.34――438.05%69.51%

* General Sector Average

Performance Comparison

0%100%200%TW:6419TW:2444TW:6570TW:7801TW:8059TW:8089Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TW:6419 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TW:6419Nuuo, Inc.120.0068.70133.92%
TW:2444AboCom Systems, Inc.14.203.3030.28%
TW:6570Aplex Technology Inc.43.204.3911.30%
TW:7801Asustor, Inc.79.50-23.57-22.87%
TW:8059CastleNet Technology, Inc.13.80-23.03-62.53%
TW:8089Comtrend Corp29.95-0.95-3.07%
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