HY Electronic (Cayman) Limited AI Stock Analysis
HY Electronic (Cayman) Limited (6573) AI Stock Analysis
HY Electronic (Cayman) Limited
(TWSE:6573)
HY Electronic scores below average, weighed down by a multi-year revenue decline and a still-negative operating line that makes the recently restored profitability look fragile, despite genuinely strong free cash flow and a materially de-levered balance sheet. Technicals reinforce the caution: the shares trade well below all key moving averages with negative MACD momentum and have been driven to deeply depressed RSI and Stochastic readings without a confirmed reversal. A low P/E of 8.4 provides some valuation support, but with no dividend and no evidence yet of sustainable top-line growth or core operating profitability, the risk-reward remains unproven.
HY Electronic (Cayman) Limited (6573) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 1.03B
- Dividend Yield
- ―
- Average Volume (3M)
- 208.94K
- Price to Earnings (P/E)
- 8.7
- Beta (1Y)
- 0.90
- Revenue Growth
- -15.11%
- EPS Growth
- ―
- Country
- TW
- Employees
- 616
- Sector
- General
- Sector Strength
- 55
- Industry
- Semiconductors
HY Electronic (Cayman) Limited Business Overview & Revenue Model
Company Description
Operating across key Asian markets including Mainland China, Taiwan, and Hong Kong, HY Electronic (Cayman) Limited is a company focused on the design, development, production, and sale of a diverse range of semiconductor components. Their core offeri...
HY Electronic (Cayman) Limited Financial Statement Overview
Summary
An early-stage turnaround with mixed fundamentals. Income statement (42) remains the weak link: revenue has slid from NT$2.10bn in 2021 to NT$833m in 2025, down another 4.8% last year, and EBIT is still negative, meaning the return to a NT$99m net profit leans on non-operating items. The balance sheet (52) has improved — debt cut to NT$618m, equity up to NT$621m, debt-to-equity down to ~1.0x and ROE of 15.9% — but the asset base keeps shrinking and the equity cushion is thin for a cyclical industry. Cash flow (68) is the standout, with operating cash flow of NT$369m and free cash flow of NT$358m comfortably exceeding net income, though this is flattered by capex trimmed to roughly NT$10m, which may constrain future competitiveness.
Income Statement
42NeutralBalance Sheet
52NeutralCash Flow
68Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 760.40M | 833.21M | 962.38M | 1.18B | 1.22B | 2.10B |
| Gross Profit | 116.00M | 94.69M | 35.32M | 42.73M | 577.00K | 204.54M |
| EBITDA | 249.04M | 237.53M | 108.55M | -78.30M | -72.74M | -5.52M |
| Net Income | 116.68M | 98.72M | -155.88M | -234.14M | -208.09M | -155.58M |
Balance Sheet | ||||||
| Total Assets | 1.73B | 1.81B | 1.78B | 2.05B | 2.28B | 2.89B |
| Cash, Cash Equivalents and Short-Term Investments | 226.23M | 245.91M | 250.00M | 131.81M | 196.99M | 158.98M |
| Total Debt | 568.79M | 617.83M | 780.00M | 944.22M | 835.75M | 906.17M |
| Total Liabilities | 1.07B | 1.11B | 1.15B | 1.35B | 1.32B | 1.71B |
| Stockholders Equity | 583.00M | 620.90M | 549.40M | 687.72M | 935.61M | 1.13B |
Cash Flow | ||||||
| Free Cash Flow | 377.74M | 358.38M | 64.38M | -101.61M | 44.68M | -55.21M |
| Operating Cash Flow | 386.55M | 368.54M | 80.03M | -64.47M | 120.12M | 52.48M |
| Investing Cash Flow | -408.04M | -418.22M | 291.56M | -21.73M | -22.98M | -38.16M |
| Financing Cash Flow | 12.31M | 29.80M | -309.55M | 21.59M | -69.99M | -63.46M |
HY Electronic (Cayman) Limited Peers Comparison
Overall Rating
- TW:657351Neutral
TW:330845Neutral
TW:231442.95Neutral
TW:343442Neutral
TW:534442Neutral
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:6573 | 51Neutral | TWD 1.03B | 8.72 | ― | ― | -15.11% | ― |
| TW:3308 | 45Neutral | TWD 1.16B | 12.02 | ― | ― | 13.86% | 79.78% |
| TW:2314 | 43Neutral | TWD 803.61M | -1.02 | ― | ― | 22.52% | 47.71% |
| TW:3434 | 42Neutral | TWD 1.04B | 53.24 | ― | 4.17% | -18.46% | -26.00% |
| TW:5344 | 42Neutral | TWD 1.01B | 278.38 | ― | ― | 7.10% | 44.74% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:6573 | HY Electronic (Cayman) Limited | 12.65 | -5.35 | -29.72% | |
| TW:2314 | Microelectronics Technology Inc. | 6.66 | -18.84 | -73.88% | |
| TW:3308 | Bestec Power Electronics Co., Ltd | 19.00 | 3.30 | 21.02% | |
| TW:3434 | Acula Technology Corp. | 28.75 | -4.08 | -12.43% | |
| TW:5344 | Vate Technology Co., Ltd. | 12.75 | -4.15 | -24.56% | |
| TW:6839 | Power Master II Holdings.Co.,Ltd | 11.50 | -1.05 | -8.37% |
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