ASolid Technology Co Ltd (6485) AI Stock Analysis

ASolid Technology Co Ltd

(TPEx:6485)

Select Model

Rating:62Neutral

Price Target:TWD 64.00▲(0.95% Upside)

Action:initiatedcoverage

Date:11/10/26

The score is supported primarily by a strong balance sheet and recovering cash flow, but is constrained by modest profitability, weak technical momentum, and limited valuation support from a negative P/E ratio and low dividend yield.

Positive Factors

Very Low LeverageThe conservative capital structure gives ASolid Technology financial flexibility through semiconductor cycles. Limited debt reduces refinancing and interest burdens, while the sizable equity base provides capacity to absorb volatility or support strategic investment without relying heavily on external financing.

Negative Factors

Thin Operating ProfitabilityASolid Technology is currently converting its revenue and equity base into only modest operating returns. Thin EBIT and low ROE leave limited cushion against demand or cost pressure, and they could constrain reinvestment capacity until profitability improves more consistently across the semiconductor cycle.

ASolid Technology Co Ltd (6485) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 2.95B
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

Strong balance sheet and cash-flow recovery support the score, but profitability remains modest, returns on equity are low, and historical earnings and cash-flow volatility remains a concern.

Income Statement

62Positive

Balance Sheet

88Very Positive

Cash Flow

78Positive

Financial statement breakdown
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

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6485 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:6485	62Neutral	TWD 2.84B	-215.65	―	0.75%	1.67%	46.58%
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: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

TW:6485 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6485	ASolid Technology Co Ltd	63.40	-12.95	-16.96%
TW:3038	Emerging Display Technologies Corp	18.65	-1.33	-6.63%
TW:3591	Edison Opto Corporation	25.35	5.78	29.55%
TW:4956	Epileds Technologies, Inc.	32.95	13.70	71.17%
TW:8104	RiTdisplay Corp	26.30	-4.35	-14.19%
TW:8182	Harmony Electronics Corp	30.80	5.09	19.81%

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

ASolid Technology Co Ltd AI Stock Analysis