ASolid Technology Co Ltd AI Stock Analysis
ASolid Technology Co Ltd (6485) AI Stock Analysis
ASolid Technology Co Ltd
(TPEx:6485)
ASolid Technology scores below average. The company's fortress balance sheet and a powerful 2025 swing to positive free cash flow limit downside risk, but earnings quality is thin — operating margin of 0.8%, ROE of 1.7% and revenue still well below the 2021–2022 peak mean the profitability recovery is unproven and highly cyclical. Technicals reinforce caution, with the share price below all major moving averages and negative MACD momentum, although oversold RSI and Stochastic readings suggest selling pressure may be nearing exhaustion. Valuation offers little support, as the negative P/E reflects negligible trailing earnings and the 0.79% dividend yield provides limited income cushion. Sustained margin improvement and steadier cash generation are the key catalysts to watch.
ASolid Technology Co Ltd (6485) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 2.86B
- Dividend Yield
- 0.75%
- Average Volume (3M)
- 567.25K
- Price to Earnings (P/E)
- -215.6
- Beta (1Y)
- 1.06
- Revenue Growth
- 1.67%
- EPS Growth
- 46.58%
- Country
- TW
- Employees
- 50
- Sector
- General
- Sector Strength
- 55
- Industry
- Semiconductors
ASolid Technology Co Ltd Business Overview & Revenue Model
Company Description
ASolid Technology Co., Ltd. is a Taiwan-based enterprise that specializes in the provision of NAND flash controllers. The company offers a diverse range of control solutions for various memory applications, including SD and microSD cards, USB flash d...
ASolid Technology Co Ltd Financial Statement Overview
Summary
A mixed picture dominated by a very strong balance sheet (score 80): debt-to-equity of just 0.03, equity funding ~84% of assets, and no refinancing risk. Cash flow (70) rebounded sharply in 2025 with NT$469.6m operating cash flow and NT$444.5m free cash flow after two years of burn, though the swing appears partly driven by a one-off working-capital unwind and has been highly volatile across the cycle. The income statement is the weak link (45): revenue recovered to NT$1.47bn and net income turned positive at NT$32.2m, but operating margin is only 0.8%, net margin 2.2%, ROE 1.7%, and sales remain ~25% below the 2021–2022 peak with gross margin eroding from above 60% to 43.3%.
Income Statement
45NeutralBalance Sheet
80PositiveCash Flow
70Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.38B | 1.47B | 1.26B | 1.68B | 1.92B | 1.95B |
| Gross Profit | 700.05M | 637.80M | 578.46M | 701.09M | 1.14B | 1.18B |
| EBITDA | 92.19M | 106.50M | -176.00K | 149.80M | 582.95M | 649.71M |
| Net Income | -14.20M | 32.24M | -56.41M | 89.14M | 426.64M | 496.66M |
Balance Sheet | ||||||
| Total Assets | 2.62B | 2.21B | 2.13B | 2.32B | 2.42B | 2.20B |
| Cash, Cash Equivalents and Short-Term Investments | 517.42M | 662.21M | 389.65M | 640.48M | 1.38B | 1.43B |
| Total Debt | 242.06M | 56.57M | 65.58M | 92.13M | 0 | 0 |
| Total Liabilities | 652.71M | 347.46M | 293.39M | 384.24M | 423.35M | 467.82M |
| Stockholders Equity | 1.97B | 1.86B | 1.84B | 1.93B | 1.99B | 1.73B |
Cash Flow | ||||||
| Free Cash Flow | -287.33M | 444.54M | -190.36M | -678.48M | 109.36M | 755.36M |
| Operating Cash Flow | -235.85M | 469.61M | -156.43M | 55.73M | 285.18M | 783.03M |
| Investing Cash Flow | -174.48M | -168.05M | -31.48M | -727.61M | -171.35M | -27.28M |
| Financing Cash Flow | 273.44M | -28.00M | -81.51M | -70.17M | -168.69M | 121.48M |
ASolid Technology Co Ltd Peers Comparison
Overall Rating
TW:303860Neutral- TW:648552Neutral
TW:359150Neutral
TW:818243Neutral
TW:495641Neutral
TW:810433Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:3038 | 60Neutral | TWD 2.87B | 15.37 | ― | 6.43% | -9.99% | 1.97% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:6485 | 52Neutral | TWD 2.84B | -215.65 | ― | 0.75% | 1.67% | 46.58% |
| TW:3591 | 50Neutral | TWD 3.16B | 138.00 | ― | 4.54% | 7.16% | 163.81% |
| TW:8182 | 43Neutral | TWD 3.26B | 29.34 | ― | 0.81% | 2.58% | -14.39% |
| TW:4956 | 41Neutral | TWD 3.22B | 90.03 | ― | ― | 1.03% | ― |
| TW:8104 | 33Underperform | TWD 2.74B | -31.81 | ― | 0.37% | -25.80% | -414.29% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:6485 | ASolid Technology Co Ltd | 63.40 | -17.32 | -21.45% | |
| TW:3038 | Emerging Display Technologies Corp | 18.65 | -1.56 | -7.73% | |
| TW:3591 | Edison Opto Corporation | 25.35 | 5.30 | 26.45% | |
| TW:4956 | Epileds Technologies, Inc. | 32.95 | 13.65 | 70.73% | |
| TW:8104 | RiTdisplay Corp | 26.30 | -5.00 | -15.97% | |
| TW:8182 | Harmony Electronics Corp | 30.80 | 4.70 | 17.99% |
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