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Easy Field Corp. (6425) AI Stock Analysis

TW:6425

Easy Field Corp.

(TPEx:6425)

Select Model
Rating:37Underperform
Price Target:TWD 56.00▼(-27.93% Downside)
Action:initiatedcoverage
Date:11/09/26

Easy Field Corp. scores at the low end of the range, driven primarily by weak financial performance: a ~17% revenue decline, a return to net losses, negative free cash flow and four consecutive years of shrinking operating cash flow. A strengthened balance sheet — equity rebuilt to NT$1.27bn and leverage reduced to 0.85x — plus an improved ~29% gross margin provide the main support, but debt of NT$1.08bn against negative EBITDA limits flexibility. Technicals reinforce the caution, with the price below all key moving averages and negative MACD, though heavily depressed RSI and Stochastic readings suggest the selling is extended. Valuation adds little comfort, as a 60.4x P/E sits uncomfortably against current losses, with only a modest 1.64% dividend yield as offset. A sustained recovery requires management to hold gross margin gains while cutting fixed costs.

Positive Factors
Revenue GrowthRevenue growth of 12.48% and strong increases in 2024 and 2025 show continued top-line expansion despite earnings pressure. If sustained, this creates a larger base for operating leverage and reinvestment, although improved profit conversion remains necessary.
Negative Factors
Recent LossesThe shift from profit to loss in 2025, together with negative operating and net margins, shows that recent revenue growth is not translating into sustainable earnings. Continued losses would weaken internal funding capacity and make future performance more dependent on a successful cost recovery.

Easy Field Corp. (6425) vs. SPDR S&P 500 ETF (SPY)

-40%-20%0%20%40%60%TW:6425+17.56%SPY+14.28%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
TWD 3.95B
Dividend Yield
1.27%
Average Volume (3M)
1.24M
Price to Earnings (P/E)
81.3
Beta (1Y)
1.19
Revenue Growth
12.48%
EPS Growth
―
Country
TW
Employees
586
Sector
General
Sector Strength
55
Industry
Industrial - Machinery

Easy Field Corp. Business Overview & Revenue Model

Company Description

Established in 1977 and headquartered in Taoyuan City, Taiwan, Easy Field Corporation conducts the full spectrum of activities for machinery and equipment, from research and development to manufacturing and distribution across Taiwan.

Easy Field Corp. Financial Statement Overview

Summary

Weak overall. Revenue fell roughly 17% to NT$1.41bn and the company swung back to a NT$78.4m net loss, with negative operating (-4.9%) and net (-5.6%) margins and losses in four of the last six years (Income Statement 27). Cash generation is thin and deteriorating — operating cash flow has declined for four straight years to NT$39.5m and free cash flow turned negative at NT$15.7m (Cash Flow 31). The balance sheet is the main buffer, with equity rebuilt to NT$1.27bn, a ~44% equity cushion and debt-to-equity cut to 0.85, though NT$1.08bn of debt against negative EBITDA leaves limited margin for error (Balance Sheet 45). Gross margin near 29% is a structural improvement, but the fixed cost base remains too heavy for the revenue swings.

Income Statement

27Negative

Balance Sheet

45Neutral

Cash Flow

31Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue1.64B1.41B1.70B1.09B1.60B1.80B
Gross Profit491.20M408.94M539.00M272.15M405.33M268.60M
EBITDA121.27M-3.27M139.14M3.62M131.19M-23.81M
Net Income52.68M-78.38M30.30M-69.21M48.96M-109.94M
Balance Sheet
Total Assets3.49B2.88B2.92B2.48B2.50B2.75B
Cash, Cash Equivalents and Short-Term Investments541.10M673.08M668.09M288.89M417.66M512.20M
Total Debt1.10B1.08B1.12B1.06B1.09B1.29B
Total Liabilities2.14B1.56B1.60B1.55B1.52B1.82B
Stockholders Equity1.29B1.27B1.27B842.50M957.26M928.70M
Cash Flow
Free Cash Flow-177.14M-15.73M7.83M49.81M38.03M-528.61M
Operating Cash Flow-106.79M39.50M57.89M70.47M69.27M-74.65M
Investing Cash Flow-79.15M-87.88M-69.69M-41.37M57.82M-582.89M
Financing Cash Flow59.15M33.63M410.35M-145.30M-140.00M428.37M

Easy Field Corp. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TW:6425 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
TW:3444TW:344459NeutralTWD 3.22B40.25―2.29%5.40%-8.34%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
TW:6609TW:660953NeutralTWD 3.56B-185.63―1.57%1.32%34.95%
TW:4563TW:456349NeutralTWD 2.96B-16.02―5.58%-20.39%-253.78%
TW:4564TW:456440UnderperformTWD 3.26B-9.39――-28.53%21.13%
TW:6425TW:642537UnderperformTWD 3.63B81.33―1.27%12.48%―

* General Sector Average

Performance Comparison

0%50%100%TW:6425TW:3444TW:4563TW:4564TW:4570TW:6609Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TW:6425 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TW:6425Easy Field Corp.77.708.2511.88%
TW:3444Niching Industrial Corp.78.6025.3747.66%
TW:4563Quaser Machine Tools, Inc.52.303.657.50%
TW:4564Mosa Industrial Corp.14.00-2.20-13.58%
TW:4570Jason Co., Ltd. (Taiwan)70.005.588.66%
TW:6609Taiwan Takisawa Technology Co., Ltd.54.0018.3551.47%
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