HY Electronic (Cayman) Limited (6573) AI Stock Analysis

HY Electronic (Cayman) Limited

(TWSE:6573)

Select Model

Rating:56Neutral

Price Target:TWD 12.50▼(-1.19% Downside)

Action:initiatedcoverage

Date:11/10/26

The score is supported primarily by the substantial 2025 improvement in cash generation and profitability, with additional support from the low P/E ratio. These positives are offset by declining revenue, meaningful leverage, modest margins, and clearly bearish technical momentum despite oversold readings.

Positive Factors

Profitability turnaroundThe return to profitability after large losses in 2022–2024 indicates a meaningful earnings recovery. If maintained, positive margins can rebuild equity, support internal investment, and improve financial resilience, although the durability of the turnaround remains important to monitor.

Negative Factors

Multi-year revenue declinePersistent revenue contraction points to a pressured growth profile and limits the scale benefits that could otherwise strengthen earnings. Even with the 2025 profit recovery, continued top-line declines could weaken operating leverage, constrain reinvestment, and make future profitability more dependent on cost control.

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

The 2025 recovery improved profitability, return on equity, leverage, and cash generation. However, revenue declined, margins remain modest, debt is still material, and prior-year performance was inconsistent.

Income Statement

52Neutral

Balance Sheet

55Neutral

Cash Flow

70Positive

Financial statement breakdown
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

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6573 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:6573	56Neutral	TWD 1.03B	8.72	―	―	-15.11%	―
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
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

TW:6573 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6573	HY Electronic (Cayman) Limited	12.65	-4.90	-27.92%
TW:2314	Microelectronics Technology Inc.	6.66	-17.29	-72.19%
TW:3308	Bestec Power Electronics Co., Ltd	19.00	3.70	24.18%
TW:3434	Acula Technology Corp.	28.75	-3.65	-11.26%
TW:5344	Vate Technology Co., Ltd.	12.75	-3.95	-23.65%
TW:6839	Power Master II Holdings.Co.,Ltd	11.50	-1.10	-8.73%

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

HY Electronic (Cayman) Limited AI Stock Analysis