GlobalWafers Co., Ltd. (6488) AI Stock Analysis

GlobalWafers Co., Ltd.

(TPEx:6488)

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Rating:45.3Neutral

Price Target:TWD 500.00▼(-21.26% Downside)

Action:initiatedcoverage

Date:11/10/26

The score is primarily constrained by weak cash generation, declining profitability, and sustained negative technical momentum. Moderate balance-sheet quality and continued profitability provide some support, but the relatively high P/E and modest dividend yield limit the overall score.

Positive Factors

Essential Wafer SupplierGlobalWafers supplies a foundational input required by chipmakers and foundries across logic, memory, and other device applications. This broad role in semiconductor production supports durable relevance because wafer demand is tied to ongoing industry manufacturing rather than a single end market.

Negative Factors

Persistently Negative Free Cash FlowSustained negative free cash flow shows that operating cash has not covered investment and working-capital needs over multiple years. If this continues, the company may need additional financing, leaving less cash for debt reduction, shareholder returns, or strategic investment.

GlobalWafers Co., Ltd. (6488) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 338.52B
Dividend Yield: 1.21%
Average Volume (3M): 12.19M
Price to Earnings (P/E): 33.0
Beta (1Y): 2.32
Revenue Growth: -6.19%
EPS Growth: 67.86%
Country: TW
Employees: 657
Sector: General
Sector Strength: 55
Industry: Semiconductors

GlobalWafers Co., Ltd. Business Overview & Revenue Model

Company Description

GlobalWafers Co., Ltd., along with its affiliated companies, specializes in the research, development, design, and manufacturing of critical semiconductor ingots and wafers. The company operates globally, with a significant presence in Taiwan and int...

GlobalWafers Co., Ltd. Financial Statement Overview

Summary

Profitability and balance-sheet quality are moderate, but declining revenue and margins, lower return on equity, and sustained negative free cash flow materially weaken financial performance.

Income Statement

55Neutral

Balance Sheet

62Positive

Cash Flow

25Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	58.19B	60.60B	62.63B	70.65B	70.29B	61.13B
Gross Profit	12.38B	14.62B	19.80B	26.44B	30.34B	23.29B
EBITDA	17.52B	19.58B	21.37B	26.60B	26.67B	22.65B
Net Income	9.85B	7.31B	9.85B	19.77B	15.37B	11.87B
Balance Sheet
Total Assets	219.22B	218.34B	224.58B	188.99B	169.50B	150.64B
Cash, Cash Equivalents and Short-Term Investments	28.54B	63.57B	56.56B	57.90B	89.00B	69.65B
Total Debt	72.21B	74.25B	67.36B	55.48B	49.32B	51.39B
Total Liabilities	122.50B	125.05B	133.55B	122.53B	115.17B	105.01B
Stockholders Equity	96.72B	93.30B	91.03B	66.45B	54.32B	45.63B
Cash Flow
Free Cash Flow	-10.79B	-20.76B	-33.28B	-18.20B	25.20B	23.70B
Operating Cash Flow	9.28B	12.74B	15.04B	18.56B	37.57B	29.30B
Investing Cash Flow	-8.05B	-34.05B	-29.62B	-73.04B	-15.70B	-18.28B
Financing Cash Flow	-2.06B	1.30B	25.74B	-1.90B	-8.20B	35.16B

GlobalWafers Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6488 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:5434	74Outperform	TWD 97.59B	16.52	―	2.58%	21.35%	55.48%
TW:2455	62Neutral	TWD 69.09B	75.99	―	0.68%	34.47%	92.24%
TW:1560	61Neutral	TWD 113.47B	54.15	―	0.67%	23.55%	77.73%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:6488	45Neutral	TWD 321.97B	32.99	―	1.21%	-6.19%	67.86%
TW:5483	42Neutral	TWD 102.92B	17.56	―	2.17%	2.81%	90.57%
TW:3532	40Underperform	TWD 117.13B	233.59	―	0.33%	9.32%	-23.79%

* General Sector Average

Performance Comparison

TW:6488 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6488	GlobalWafers Co., Ltd.	635.00	253.34	66.38%
TW:1560	Kinik Co.	737.00	426.08	137.04%
TW:2455	Visual Photonics Epitaxy Co., Ltd.	384.50	236.01	158.94%
TW:3532	Formosa Sumco Technology Corporation	303.00	212.69	235.53%
TW:5434	Topco Scientific Co., Ltd.	520.00	220.90	73.85%
TW:5483	Sino-American Silicon Products Inc.	161.00	59.92	59.28%

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

GlobalWafers Co., Ltd. AI Stock Analysis