Aplex Technology Inc. AI Stock Analysis
Aplex Technology Inc. (6570) AI Stock Analysis
Aplex Technology Inc.
(TPEx:6570)
Aplex Technology scores below average, driven primarily by eroding profitability: margins and net income have fallen to roughly a third of 2022 levels and free cash flow is only marginally positive after heavy capital spending, even as revenue returned to modest growth. Compounding this, the technical setup is firmly bearish, with the price below all major moving averages and a negative MACD confirming a multi-month downtrend. Offsetting these risks are a resilient balance sheet with moderate leverage and no solvency stress, plus a reasonable 17.1x P/E and a 2.66% dividend yield. The investment case depends on whether recent capital investment translates into margin recovery; until that is evident, returns on capital and cash conversion remain the key concerns.
Aplex Technology Inc. (6570) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 1.59B
- Dividend Yield
- 2.56%
- Average Volume (3M)
- 86.23K
- Price to Earnings (P/E)
- 17.1
- Beta (1Y)
- 1.00
- Revenue Growth
- 14.53%
- EPS Growth
- 96.60%
- Country
- TW
- Employees
- 215
- Sector
- General
- Sector Strength
- 55
- Industry
- Computer Hardware
Aplex Technology Inc. Business Overview & Revenue Model
Company Description
Aplex Technology Inc. is a global provider specializing in the development, manufacturing, and distribution of industrial personal computing solutions. Its extensive product portfolio encompasses a variety of ruggedized computing hardware, including...
Aplex Technology Inc. Financial Statement Overview
Summary
A solid balance sheet (score 63) is the clear anchor: equity funds roughly 58% of assets and debt-to-equity sits at a manageable 0.49, though leverage has crept up since 2023 and ROE has fallen to 5.9% from nearly 20% in 2022. The income statement (score 44) is the weak point: despite a modest revenue rebound to NT$916 million, gross margin slipped to 34.3%, operating margin to 7.4%, and net income fell about 19% to NT$47.9 million, roughly a third of 2022 levels. Cash flow (score 42) is thin and volatile, with operating cash flow down to NT$50.8 million and free cash flow only marginally positive at NT$11.9 million after heavy capital spending. Net result: financial stability without earnings momentum.
Income Statement
44NeutralBalance Sheet
63PositiveCash Flow
42Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.01B | 915.91M | 888.81M | 943.82M | 1.14B | 874.17M |
| Gross Profit | 353.87M | 314.60M | 330.05M | 358.11M | 424.98M | 299.33M |
| EBITDA | 158.42M | 104.28M | 140.20M | 166.53M | 243.19M | 160.35M |
| Net Income | 93.81M | 47.86M | 59.00M | 107.78M | 171.64M | 107.79M |
Balance Sheet | ||||||
| Total Assets | 1.45B | 1.40B | 1.37B | 1.24B | 1.37B | 1.13B |
| Cash, Cash Equivalents and Short-Term Investments | 158.16M | 234.90M | 300.87M | 369.91M | 375.37M | 169.01M |
| Total Debt | 384.09M | 397.89M | 390.70M | 268.23M | 281.60M | 370.36M |
| Total Liabilities | 610.05M | 581.36M | 545.25M | 386.12M | 499.31M | 565.89M |
| Stockholders Equity | 843.57M | 813.78M | 826.39M | 857.40M | 867.91M | 559.76M |
Cash Flow | ||||||
| Free Cash Flow | -27.02M | 11.89M | -81.73M | 144.17M | 189.80M | 44.59M |
| Operating Cash Flow | 110.00K | 50.80M | 141.31M | 159.02M | 216.12M | 66.40M |
| Investing Cash Flow | 7.91M | -58.43M | -235.20M | -65.58M | 3.03M | -7.74M |
| Financing Cash Flow | -39.15M | -55.77M | 13.38M | -138.99M | 11.77M | -89.41M |
Aplex Technology Inc. Peers Comparison
Overall Rating
TW:641954Neutral
TW:328553Neutral- TW:657047Neutral
TW:244443Neutral
Financial Indicators
| 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:6419 | 54Neutral | TWD 1.58B | 4.34 | ― | 2.25% | 36.78% | 583.03% |
| TW:3285 | 53Neutral | TWD 1.89B | 26.96 | ― | 1.03% | 25.00% | 430.27% |
| TW:6570 | 47Neutral | TWD 1.60B | 17.13 | ― | 2.56% | 14.53% | 96.60% |
| TW:2444 | 43Neutral | TWD 1.46B | -6.19 | ― | ― | -28.59% | -77.80% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:6570 | Aplex Technology Inc. | 43.00 | 4.19 | 10.78% | |
| TW:2444 | AboCom Systems, Inc. | 13.50 | 2.60 | 23.85% | |
| TW:3285 | Microtips Technology Inc. | 48.60 | 21.25 | 77.68% | |
| TW:6419 | Nuuo, Inc. | 125.50 | 74.20 | 144.64% | |
| TW:6786 | iSTART-TEK INC. | 49.95 | 8.98 | 21.93% | |
| TW:7801 | Asustor, Inc. | 80.20 | -22.87 | -22.19% |
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