CALITECH CO LTD (6532) AI Stock Analysis

CALITECH CO LTD

(TPEx:6532)

Select Model

Rating:67Neutral

Price Target:TWD 95.00▼(-10.80% Downside)

Action:initiatedcoverage

Date:11/09/26

Solid financial performance led by an exceptionally clean balance sheet and profitability gains is the primary driver, tempered by weak technical momentum, while attractive valuation provides meaningful support.

Positive Factors

High ProfitabilityVery high gross and net margins indicate substantial earnings power and provide a durable buffer against moderate revenue volatility. The sharp increase in net income also supports internal funding capacity, although sustaining these levels will depend on maintaining the company’s underlying profitability.

Negative Factors

Revenue DeclineThe recent revenue contraction shows that strong profitability has not been matched by consistent top-line expansion. Continued uneven demand could limit operating leverage, make earnings less predictable, and constrain the company’s ability to compound profit if growth does not resume over coming quarters.

CALITECH CO LTD (6532) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 4.04B
Dividend Yield: 2.82%
Average Volume (3M): 1.43M
Price to Earnings (P/E): 12.1
Beta (1Y): 1.23
Revenue Growth: 10.01%
EPS Growth: 146.78%
Country: TW
Employees: 155
Sector: General
Sector Strength: 55
Industry: Semiconductors

CALITECH CO LTD Business Overview & Revenue Model

Company Description

Calitech Co., Ltd., established in 1987 and based in Hsinchu City, Taiwan, operates as an international developer of technology solutions. The company primarily serves various high-tech sectors, including semiconductor, III/V, MEMS, LED, and display...

CALITECH CO LTD Financial Statement Overview

Summary

Strong balance sheet with very low debt-to-equity and solid ROE, plus improved profitability margins, offset by revenue decline and negative free cash flow from higher capital spending.

Income Statement

76Positive

Balance Sheet

91Very Positive

Cash Flow

52Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	682.02M	674.90M	719.55M	693.82M	662.76M	505.84M
Gross Profit	261.69M	247.16M	258.51M	243.22M	284.54M	188.33M
EBITDA	419.15M	387.92M	228.86M	202.09M	239.53M	131.84M
Net Income	301.13M	273.88M	150.76M	133.89M	180.68M	94.88M
Balance Sheet
Total Assets	1.65B	1.57B	1.27B	1.20B	1.26B	1.05B
Cash, Cash Equivalents and Short-Term Investments	445.94M	162.80M	226.20M	151.80M	175.97M	302.70M
Total Debt	0	50.17M	1.31M	1.56M	68.27M	53.66M
Total Liabilities	417.03M	294.20M	184.64M	173.04M	315.13M	221.65M
Stockholders Equity	1.24B	1.27B	1.09B	1.03B	947.35M	824.58M
Cash Flow
Free Cash Flow	-39.03M	-16.18M	165.24M	97.78M	-80.62M	-39.55M
Operating Cash Flow	145.65M	168.82M	179.79M	171.88M	167.85M	117.23M
Investing Cash Flow	99.14M	-186.14M	-14.41M	-74.10M	-248.47M	-156.78M
Financing Cash Flow	-96.33M	-46.29M	-90.98M	-121.92M	-46.02M	-73.23M

CALITECH CO LTD Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6532 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:6532	67Neutral	TWD 3.74B	12.10	―	2.82%	10.01%	146.78%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:3580	47Neutral	TWD 3.49B	53.58	―	1.40%	-19.96%	-63.63%
TW:6477	40Underperform	TWD 3.54B	917.98	―	1.22%	2.65%	42.84%
TW:1595	39Underperform	TWD 3.65B	-42.76	―	0.73%	22.29%	20.09%
TW:6682	39Underperform	TWD 3.76B	-27.07	―	―	298.94%	68.95%

* General Sector Average

Performance Comparison

TW:6532 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6532	CALITECH CO LTD	106.50	56.64	113.61%
TW:1595	Chime Ball Technology Co., Ltd.	64.40	27.78	75.86%
TW:3580	UVAT Technology Co., Ltd.	86.00	29.94	53.42%
TW:6477	Anji Technology Co Ltd	28.75	-6.19	-17.72%
TW:6682	Hua Hsu Advanced Technology Co., Ltd.	24.60	-6.97	-22.08%
TW:6750	Tech-Top Engineering CO. LTD.	55.30	17.12	44.84%

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

CALITECH CO LTD AI Stock Analysis