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ASolid Technology Co Ltd (6485) AI Stock Analysis

TW:6485

ASolid Technology Co Ltd

(TPEx:6485)

Select Model
Rating:53Neutral
Price Target:TWD 61.00â–¼(-3.79% Downside)
Action:initiatedcoverage
Date:11/09/26

Strong financial stability from the balance sheet is the main positive, tempered by cyclical profitability pressures, negative technical signals, and unattractive valuation.

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)

-40%-20%0%20%40%60%80%TW:6485-15.98%SPY+14.30%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
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 with low debt and solid cash generation support stability, offset by thin margins and modest revenue recovery amid industry cycles.

Income Statement

42Neutral

Balance Sheet

88Very Positive

Cash Flow

67Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue1.38B1.47B1.26B1.68B1.92B1.95B
Gross Profit700.05M637.80M578.46M701.09M1.14B1.18B
EBITDA92.19M106.50M-176.00K149.80M582.95M649.71M
Net Income-14.20M32.24M-56.41M89.14M426.64M496.66M
Balance Sheet
Total Assets2.62B2.21B2.13B2.32B2.42B2.20B
Cash, Cash Equivalents and Short-Term Investments517.42M662.21M389.65M640.48M1.38B1.43B
Total Debt242.06M56.57M65.58M92.13M00
Total Liabilities652.71M347.46M293.39M384.24M423.35M467.82M
Stockholders Equity1.97B1.86B1.84B1.93B1.99B1.73B
Cash Flow
Free Cash Flow-287.33M444.54M-190.36M-678.48M109.36M755.36M
Operating Cash Flow-235.85M469.61M-156.43M55.73M285.18M783.03M
Investing Cash Flow-174.48M-168.05M-31.48M-727.61M-171.35M-27.28M
Financing Cash Flow273.44M-28.00M-81.51M-70.17M-168.69M121.48M

ASolid Technology Co Ltd Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TW:6485 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
TW:3038TW:303860NeutralTWD 2.87B15.37―6.43%-9.99%1.97%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
TW:6485TW:648553NeutralTWD 2.84B-215.65―0.75%1.67%46.58%
TW:3591TW:359150NeutralTWD 3.16B138.00―4.54%7.16%163.81%
TW:8182TW:818243NeutralTWD 3.26B29.34―0.81%2.58%-14.39%
TW:4956TW:495641NeutralTWD 3.22B90.03――1.03%―
TW:8104TW:810433UnderperformTWD 2.74B-31.81―0.37%-25.80%-414.29%

* General Sector Average

Performance Comparison

0%50%100%150%TW:6485TW:3038TW:3591TW:4956TW:8104TW:8182Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TW:6485 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TW:6485ASolid Technology Co Ltd63.40-12.95-16.96%
TW:3038Emerging Display Technologies Corp18.65-1.33-6.63%
TW:3591Edison Opto Corporation25.355.7829.55%
TW:4956Epileds Technologies, Inc.32.9513.7071.17%
TW:8104RiTdisplay Corp26.30-4.35-14.19%
TW:8182Harmony Electronics Corp30.805.0919.81%
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