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Keystone Microtech Co. (6683) AI Stock Analysis

TW:6683

Keystone Microtech Co.

(TPEx:6683)

Select Model
Rating:70Outperform
Price Target:TWD 860.00â–¼(-11.43% Downside)
Action:initiatedcoverage
Date:11/10/26

The score is supported primarily by excellent balance-sheet strength and strong cash generation. However, weakening profitability, a sharply bearish technical trend, and elevated valuation relative to the dividend yield materially reduce the overall score.

Positive Factors
Very conservative balance sheetMinimal leverage reduces financial risk and preserves flexibility to fund operations, investment, or shareholder returns without relying heavily on borrowing. The steady expansion of equity and assets also strengthens resilience through business cycles and provides a durable foundation for future growth.
Negative Factors
Uneven growth and recent margin compressionThe combination of uneven revenue growth and lower margins shows that earnings expansion is not yet consistently durable. If mix, pricing, or cost pressure persists, higher sales may translate into weaker incremental profits and limit the pace of future earnings growth.

Keystone Microtech Co. (6683) vs. SPDR S&P 500 ETF (SPY)

-100%0%100%200%300%400%500%600%TW:6683+158.18%SPY+14.30%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
TWD 27.10B
Dividend Yield
0.93%
Average Volume (3M)
976.43K
Price to Earnings (P/E)
42.8
Beta (1Y)
1.87
Revenue Growth
26.06%
EPS Growth
52.23%
Country
TW
Employees
310
Sector
General
Sector Strength
55
Industry
Semiconductors

Keystone Microtech Co. Business Overview & Revenue Model

Company Description

Keystone Microtech Corporation is an active participant in the semiconductor industry, serving both its domestic market in Taiwan and international clients. The company's specialized product portfolio includes essential components such as load boards...

Keystone Microtech Co. Financial Statement Overview

Summary

Strong financial profile supported by an exceptionally low-debt balance sheet, improving free cash flow, and sustained revenue growth. The main weaknesses are declining 2025 margins, net income, and return on equity.

Income Statement

82Very Positive

Balance Sheet

96Very Positive

Cash Flow

88Very Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue2.45B2.14B1.74B1.41B1.53B1.48B
Gross Profit1.19B985.50M920.22M705.60M747.94M805.52M
EBITDA773.35M623.29M653.34M510.86M585.45M585.03M
Net Income617.34M419.05M479.82M354.20M406.45M419.70M
Balance Sheet
Total Assets3.77B3.37B3.06B2.58B2.46B2.28B
Cash, Cash Equivalents and Short-Term Investments1.61B1.47B1.24B1.43B1.18B989.32M
Total Debt11.63M15.27M10.51M8.91M7.16M6.98M
Total Liabilities946.44M653.58M513.84M358.05M395.56M423.43M
Stockholders Equity2.83B2.71B2.55B2.22B2.06B1.86B
Cash Flow
Free Cash Flow621.70M537.05M-55.16M459.17M353.31M273.44M
Operating Cash Flow701.25M584.72M473.40M491.95M410.59M348.40M
Investing Cash Flow-85.21M-40.17M-422.61M-148.43M-36.05M176.69M
Financing Cash Flow-282.33M-282.37M-186.79M-212.47M-216.91M-140.75M

Keystone Microtech Co. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TW:6683 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
TW:4583TW:458375OutperformTWD 27.58B24.59―2.84%13.85%24.76%
TW:6683TW:668370OutperformTWD 25.68B42.77―0.93%26.06%52.23%
TW:6640TW:664064NeutralTWD 22.20B38.13―1.79%38.95%50.60%
TW:6584TW:658463NeutralTWD 22.35B29.73―0.75%44.48%204.25%
TW:4576TW:457656NeutralTWD 22.04B60.86―0.41%33.61%188.28%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%

* General Sector Average

Performance Comparison

0%250%500%750%1000%TW:6683TW:4573TW:4576TW:4583TW:6584TW:6640Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TW:6683 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TW:6683Keystone Microtech Co.971.00591.43155.82%
TW:4573GMT Global Inc.517.00452.17697.48%
TW:4576HIWIN Mikrosystem Corp.194.5090.8787.69%
TW:4583Apex Dynamics, Inc.352.00-311.09-46.92%
TW:6584NAN JUEN INTERNATIONAL CO., LTD.324.509.753.10%
TW:6640Gallant Micro Machining Co. Ltd.840.00253.0043.10%
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