Nyquest Technology Co Ltd (6494) AI Stock Analysis

Nyquest Technology Co Ltd

(TPEx:6494)

Select Model

Rating:54Neutral

Price Target:TWD 43.00▼(-0.35% Downside)

Action:initiatedcoverage

Date:11/10/26

The score is primarily constrained by deteriorating profitability and cash generation, while the exceptionally strong balance sheet provides meaningful support. Weak technical momentum further weighs on the outlook, partially offset by moderately favorable valuation metrics.

Positive Factors

Conservative Balance SheetVery low leverage gives Nyquest financial flexibility during semiconductor-cycle volatility and reduces the burden of interest and refinancing. A substantial equity base can support ongoing operations and selective investment even while profitability remains under pressure.

Negative Factors

2025 Net LossA full-year net loss marks a material deterioration in earnings power and reduces the quality of shareholder returns. If losses persist, internal funding for growth becomes more constrained and the company may have less flexibility to absorb semiconductor-cycle weakness.

Nyquest Technology Co Ltd (6494) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 1.38B
Dividend Yield: 2.32%
Average Volume (3M): 100.86K
Price to Earnings (P/E): 10.5
Beta (1Y): 1.23
Revenue Growth: 35.57%
EPS Growth: ―
Country: TW
Employees: 1,444
Sector: General
Sector Strength: 55
Industry: Semiconductors

Nyquest Technology Co Ltd Business Overview & Revenue Model

Company Description

Nyquest Technology Co., Ltd. research, designs, and sells integrated circuits (ICs). The company provides voice synthesizer ICs, 4-bit microcontrollers with voice/MIDI products, 8-bit microcontrollers, motor drivers, and other products. It offers LED...

Nyquest Technology Co Ltd Financial Statement Overview

Summary

The balance sheet is a major strength, supported by a 0.7% debt-to-equity ratio, but this is offset by declining revenue, a 2025 net loss, compressed margins, and substantially lower operating and free cash flow.

Income Statement

38Negative

Balance Sheet

85Very Positive

Cash Flow

55Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.44B	1.19B	1.35B	1.33B	1.78B	2.27B
Gross Profit	377.24M	286.05M	408.48M	423.71M	797.25M	1.23B
EBITDA	137.88M	31.52M	140.57M	140.52M	475.60M	754.89M
Net Income	93.97M	-29.50M	82.98M	56.87M	301.15M	543.07M
Balance Sheet
Total Assets	1.32B	1.15B	1.34B	1.33B	1.62B	1.83B
Cash, Cash Equivalents and Short-Term Investments	680.31M	451.55M	515.92M	339.99M	464.38M	888.32M
Total Debt	2.84M	7.22M	16.35M	25.25M	18.30M	28.07M
Total Liabilities	288.93M	153.49M	241.00M	264.44M	411.08M	665.65M
Stockholders Equity	1.03B	994.71M	1.10B	1.07B	1.21B	1.17B
Cash Flow
Free Cash Flow	319.09M	60.14M	285.69M	23.24M	-120.04M	795.77M
Operating Cash Flow	336.76M	106.48M	314.84M	64.59M	-17.52M	891.01M
Investing Cash Flow	-86.86M	-25.12M	-127.06M	146.32M	203.52M	-690.67M
Financing Cash Flow	-73.91M	-85.05M	-59.86M	-214.67M	-275.64M	-87.83M

Nyquest Technology Co Ltd Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6494 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:6494	54Neutral	TWD 1.36B	10.53	―	2.32%	35.57%	―
TW:4923	38Underperform	TWD 1.63B	27.97	―	―	27.13%	―
TW:5302	38Underperform	TWD 1.39B	-437.44	―	―	78.82%	93.04%

* General Sector Average

Performance Comparison

TW:6494 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6494	Nyquest Technology Co Ltd	43.15	4.08	10.43%
TW:4923	Force-MOS Technology Co., Ltd.	44.05	14.90	51.11%
TW:5302	Syntek Semiconductor Co., Ltd.	8.62	-0.52	-5.69%
TW:7455	Dexatek Technology Ltd	51.70	-7.51	-12.68%
TW:7770	ZEITEC Semiconductor Co. Ltd.	39.10	-37.48	-48.94%
TW:7796	Microip, Inc.	60.20	-33.10	-35.48%

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

Nyquest Technology Co Ltd AI Stock Analysis