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Aplex Technology Inc. (6570) AI Stock Analysis

TW:6570

Aplex Technology Inc.

(TPEx:6570)

Select Model
Rating:48Neutral
Price Target:TWD 41.00â–¼(-4.65% Downside)
Action:initiatedcoverage
Date:11/10/26

Weak financial performance, including margin compression, lower ROE and volatile cash flows, is the dominant factor. Bearish technicals from price action below moving averages and negative MACD add pressure, while moderate valuation offers limited offset.

Positive Factors
Balance-sheet resilienceModerate leverage and a substantial equity base provide financial resilience as the company manages operating volatility. Compared with 2020, debt-to-equity has improved materially, preserving greater flexibility to fund operations and withstand weaker profitability without relying excessively on additional borrowing.
Negative Factors
Material margin compressionThe substantial decline in net and EBIT margins indicates that a smaller share of revenue is translating into operating and bottom-line profit. Persistent compression would reduce earnings resilience, limit internal funding capacity, and make future results more sensitive to costs, pricing, and product mix.

Aplex Technology Inc. (6570) vs. SPDR S&P 500 ETF (SPY)

-20%0%20%40%60%80%TW:6570+11.92%SPY+14.28%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
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

Revenue declined after prior growth with net margins compressed to ~5%. Balance sheet leverage improved to 0.49 but ROE fell below 6%. Cash flows weakened sharply and remain volatile.

Income Statement

38Negative

Balance Sheet

62Positive

Cash Flow

35Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue1.01B915.91M888.81M943.82M1.14B874.17M
Gross Profit353.87M314.60M330.05M358.11M424.98M299.33M
EBITDA158.42M104.28M140.20M166.53M243.19M160.35M
Net Income93.81M47.86M59.00M107.78M171.64M107.79M
Balance Sheet
Total Assets1.45B1.40B1.37B1.24B1.37B1.13B
Cash, Cash Equivalents and Short-Term Investments158.16M234.90M300.87M369.91M375.37M169.01M
Total Debt384.09M397.89M390.70M268.23M281.60M370.36M
Total Liabilities610.05M581.36M545.25M386.12M499.31M565.89M
Stockholders Equity843.57M813.78M826.39M857.40M867.91M559.76M
Cash Flow
Free Cash Flow-27.02M11.89M-81.73M144.17M189.80M44.59M
Operating Cash Flow110.00K50.80M141.31M159.02M216.12M66.40M
Investing Cash Flow7.91M-58.43M-235.20M-65.58M3.03M-7.74M
Financing Cash Flow-39.15M-55.77M13.38M-138.99M11.77M-89.41M

Aplex Technology Inc. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TW:6570 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
TW:6419TW:641954NeutralTWD 1.58B4.34―2.25%36.78%583.03%
TW:3285TW:328553NeutralTWD 1.89B26.96―1.03%25.00%430.27%
TW:6570TW:657048NeutralTWD 1.60B17.13―2.56%14.53%96.60%
TW:2444TW:244443NeutralTWD 1.46B-6.19――-28.59%-77.80%

* General Sector Average

Performance Comparison

0%100%200%TW:6570TW:2444TW:3285TW:6419TW:6786TW:7801Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TW:6570 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TW:6570Aplex Technology Inc.43.004.1910.78%
TW:2444AboCom Systems, Inc.13.502.6023.85%
TW:3285Microtips Technology Inc.48.6021.2577.68%
TW:6419Nuuo, Inc.125.5074.20144.64%
TW:6786iSTART-TEK INC.49.958.9821.93%
TW:7801Asustor, Inc.80.20-22.87-22.19%
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