Fun Yours Technology Co., Ltd. (6482) AI Stock Analysis

Fun Yours Technology Co., Ltd.

(TPEx:6482)

Select Model

Rating:73Outperform

Price Target:TWD 26.00▲(11.35% Upside)

Action:initiatedcoverage

Date:11/09/26

Fun Yours Technology scores well on financial strength and valuation. The company is effectively debt-free, converts almost all profit into free cash flow, and earns near-100% gross margins, while trading at a modest 12.4x earnings with a very high 8.6% dividend yield. Holding the score back are two issues: earnings momentum has turned, with revenue down ~10%, net income down ~21% and return on equity falling from 21.6% to 15.4%, and the share price remains in a downtrend below its 50-, 100- and 200-day moving averages with a negative MACD. The result is a financially resilient, income-oriented small-cap whose attractive valuation is offset by softening growth and weak price trend.

Positive Factors

Low LeverageThe very low debt-to-equity profile indicates that the company is conservatively financed and less dependent on borrowing to operate or grow. This preserves financial flexibility, limits interest-related pressure, and provides greater resilience if business conditions weaken over the next several quarters.

Negative Factors

Revenue ContractionThe recent revenue contraction indicates that demand or business activity has not followed the earlier expansion pattern. Continued top-line weakness could reduce operating leverage, limit reinvestment capacity, and make future earnings more dependent on maintaining margins rather than broad-based growth.

Fun Yours Technology Co., Ltd. (6482) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 652.87M
Dividend Yield: 8.57%
Average Volume (3M): 19.34K
Price to Earnings (P/E): 16.0
Beta (1Y): -0.24
Revenue Growth: -30.59%
EPS Growth: -48.40%
Country: TW
Employees: 80
Sector: General
Sector Strength: 55
Industry: Electronic Gaming & Multimedia

Fun Yours Technology Co., Ltd. Business Overview & Revenue Model

Company Description

Fun Yours Technology Co.,Ltd. is a developer of interactive entertainment, crafting digital games for both online and personal computer platforms. Its portfolio spans a variety of genres, including role-playing, real-time strategy, action, and puzzle...

Fun Yours Technology Co., Ltd. Financial Statement Overview

Summary

Financially, Fun Yours Technology is high quality but losing momentum. Gross margins near 98% and double-digit net margins (13.4%) sit alongside a virtually debt-free balance sheet (debt-to-equity of just 0.03, equity funding ~79% of assets) and strong cash conversion, with operating cash flow of NT$75.8 million exceeding net income of NT$66.3 million and minimal capex leaving almost all of it as free cash flow. The offset is deterioration in the latest year: revenue fell ~10%, net income dropped ~21%, operating margin slipped to 17.6%, free cash flow declined ~15%, and return on equity fell from 21.6% to 15.4% as capital accumulates faster than it can be deployed. The small revenue base and inherently lumpy game-publishing revenue add volatility risk.

Income Statement

68Positive

Balance Sheet

86Very Positive

Cash Flow

80Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	413.40M	496.18M	551.74M	435.30M	383.08M	304.95M
Gross Profit	407.64M	486.24M	548.16M	434.46M	381.70M	298.63M
EBITDA	62.94M	89.56M	109.43M	47.77M	75.74M	32.67M
Net Income	52.39M	66.34M	84.26M	35.80M	57.70M	22.85M
Balance Sheet
Total Assets	543.49M	541.41M	541.45M	466.13M	428.85M	355.91M
Cash, Cash Equivalents and Short-Term Investments	383.19M	371.74M	325.90M	260.71M	268.44M	205.84M
Total Debt	9.63M	10.84M	11.98M	14.37M	16.39M	16.86M
Total Liabilities	153.98M	106.66M	147.05M	144.40M	121.46M	110.53M
Stockholders Equity	385.03M	430.39M	390.60M	318.74M	303.59M	242.14M
Cash Flow
Free Cash Flow	50.23M	74.95M	80.03M	15.43M	62.98M	5.16M
Operating Cash Flow	51.05M	75.82M	80.44M	15.68M	63.17M	5.19M
Investing Cash Flow	-811.00K	-853.00K	-394.00K	88.00K	-168.00K	63.00K
Financing Cash Flow	-26.23M	-26.25M	-13.20M	-21.58M	2.17M	-3.01M

Fun Yours Technology Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6482 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:6482	73Outperform	TWD 648.20M	15.99	―	8.57%	-30.59%	-48.40%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:4946	54Neutral	TWD 802.95M	40.35	―	―	34.01%	―
TW:8450	40Underperform	TWD 736.30M	-4.67	―	―	25.50%	22.27%
TW:4806	36Underperform	TWD 755.18M	-29.35	―	―	102.99%	-54.69%

* General Sector Average

Performance Comparison

TW:6482 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6482	Fun Yours Technology Co., Ltd.	23.35	-13.19	-36.10%
TW:4806	Kuei Tien Cultural & Creative Entertainment	11.10	-8.91	-44.53%
TW:4946	Cayenne Entertainment Technology Co., Ltd.	89.00	-24.00	-21.24%
TW:6868	Iscom Online International Information Inc.	23.45	-4.55	-16.25%
TW:6908	Acer Gaming, Inc.	20.55	-42.36	-67.33%
TW:8450	Pili International Multimedia Co., Ltd.	14.35	-2.80	-16.33%

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

Fun Yours Technology Co., Ltd. AI Stock Analysis