Apogee Optocom Co., Ltd. (6426) AI Stock Analysis

Apogee Optocom Co., Ltd.

(TWSE:6426)

Select Model

Rating:55Neutral

Price Target:TWD 226.00▼(-15.04% Downside)

Action:initiatedcoverage

Date:11/10/26

The score is supported by a strong, lightly leveraged balance sheet and improving cash flow, but is constrained by continued losses, weak technical momentum, a high P/E ratio, and a low dividend yield.

Positive Factors

Very low leverageA conservatively financed balance sheet gives Apogee Optocom meaningful resilience while profitability is recovering. Very low leverage limits interest and refinancing pressure, preserves financial flexibility, and leaves more capacity to support operations or investment through business volatility.

Negative Factors

Persistent operating lossesSustained operating and net losses show that revenue recovery has not yet translated into a profitable business model. Continued losses can consume the benefit of the strong equity base, restrict reinvestment capacity, and make future earnings improvement dependent on further margin recovery.

Apogee Optocom Co., Ltd. (6426) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 10.82B
Dividend Yield: 0.19%
Average Volume (3M): 2.54M
Price to Earnings (P/E): 70.1
Beta (1Y): 2.14
Revenue Growth: 61.55%
EPS Growth: ―
Country: TW
Employees: 241
Sector: General
Sector Strength: 55
Industry: Communication Equipment

Apogee Optocom Co., Ltd. Business Overview & Revenue Model

Company Description

Apogee Optocom Co., Ltd. specializes in the manufacturing and distribution of communication components, with a primary emphasis on both active and passive optical filters. The company also offers a range of sophisticated measurement and analytical se...

Apogee Optocom Co., Ltd. Financial Statement Overview

Summary

The balance sheet is strong and lightly leveraged, while revenue, margins, operating cash flow, and free cash flow improved. However, the company remains unprofitable, has negative return on equity, and has experienced volatile historical cash flow.

Income Statement

45Neutral

Balance Sheet

78Positive

Cash Flow

65Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	636.59M	487.31M	329.85M	362.79M	623.99M	518.83M
Gross Profit	285.15M	145.75M	2.71M	36.71M	256.27M	191.99M
EBITDA	230.60M	100.41M	11.14M	28.00M	283.01M	157.08M
Net Income	152.59M	-29.99M	-137.94M	-103.36M	89.57M	11.70M
Balance Sheet
Total Assets	1.11B	1.02B	1.06B	1.25B	1.46B	1.39B
Cash, Cash Equivalents and Short-Term Investments	566.00M	564.56M	518.29M	512.34M	629.62M	445.36M
Total Debt	16.12M	32.39M	33.59M	48.15M	56.88M	23.37M
Total Liabilities	113.75M	116.19M	105.09M	131.98M	156.73M	106.75M
Stockholders Equity	998.69M	904.04M	957.56M	1.12B	1.30B	1.29B
Cash Flow
Free Cash Flow	93.95M	67.79M	37.84M	-19.33M	283.35M	-139.05M
Operating Cash Flow	139.24M	83.86M	56.22M	20.60M	305.97M	112.05M
Investing Cash Flow	-46.47M	-13.47M	-12.65M	-119.98M	-147.31M	-200.83M
Financing Cash Flow	-51.30M	-20.86M	-31.18M	-89.94M	-98.80M	-96.31M

Apogee Optocom Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6426 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:6426	55Neutral	TWD 10.24B	70.08	―	0.19%	61.55%	―
TW:8111	50Neutral	TWD 8.62B	67.54	―	0.76%	-3.80%	53.10%
TW:2485	39Underperform	TWD 10.02B	36.85	―	―	74.93%	―
TW:2369	38Underperform	TWD 9.68B	68.90	―	1.16%	31.46%	―

* General Sector Average

Performance Comparison

TW:6426 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6426	Apogee Optocom Co., Ltd.	266.00	193.14	265.06%
TW:2369	Lingsen Precision Industries, Ltd.	25.85	2.65	11.42%
TW:2485	Zinwell Corporation	31.55	13.75	77.25%
TW:7415	BE Epitaxy Semiconductor Technology Co Ltd	346.50	-450.15	-56.51%
TW:7717	Lightel Corp	391.00	222.13	131.53%
TW:8111	Ligitek Electronics Co., Ltd.	79.00	13.90	21.35%

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 10, 2026

Apogee Optocom Co., Ltd. AI Stock Analysis