Acmepoint Energy Services Co., Ltd (6692) AI Stock Analysis

Acmepoint Energy Services Co., Ltd

(TPEx:6692)

Select Model

Rating:45Neutral

Price Target:TWD 20.00▼(-4.76% Downside)

Action:initiatedcoverage

Date:11/09/26

Acmepoint scores below average primarily because of sharply deteriorating operating performance: revenue down nearly 40%, operating margin near zero, and ROE of just 1.3%, with free cash flow down about 77% from an unusually strong FY2024. A very conservative balance sheet, minimal debt and still-positive cash generation provide meaningful downside protection, but they are not enough to offset weak earnings power. Technicals reinforce the caution, with the price below all key moving averages and negative MACD momentum, while a negative P/E and a modest ~1% dividend yield leave the valuation case unconvincing until order flow and project margins recover.

Positive Factors

Conservative Balance SheetVery low leverage reduces refinancing pressure and preserves financial flexibility during an operating downturn. This conservative capital structure can help the company fund necessary projects, absorb earnings volatility, and maintain strategic options without relying heavily on additional borrowing.

Negative Factors

Sharp Revenue and Margin DeclineThe steep 2025 revenue contraction indicates that demand and project activity can be highly volatile. Operating profit near breakeven leaves little buffer against further weakness, while the reduced scale can make it harder to absorb costs and restore prior earnings levels.

Acmepoint Energy Services Co., Ltd (6692) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 1.25B
Dividend Yield: 0.97%
Average Volume (3M): 18.73K
Price to Earnings (P/E): -12.3
Beta (1Y): 0.47
Revenue Growth: -69.73%
EPS Growth: -171.17%
Country: TW
Employees: 36
Sector: General
Sector Strength: 55
Industry: Solar

Acmepoint Energy Services Co., Ltd Business Overview & Revenue Model

Company Description

Acmepoint Energy Services Co., LTD, established in 1994, is a Taiwanese company that focuses on developing and storing energy, in addition to providing power monitoring technologies. The firm supplies a variety of solar photovoltaic (PV) solutions, s...

Acmepoint Energy Services Co., Ltd Financial Statement Overview

Summary

A mixed profile dominated by a weak income statement (score 31): FY2025 revenue fell roughly 38% to NT$1.46bn, operating margin collapsed to about 0.1%, net income dropped ~75% to NT$13.7m, and ROE is a negligible 1.3%. The balance sheet is the standout strength (score 72) with debt-to-equity near 0.06, equity funding ~55% of assets, and borrowings sharply reduced since 2023. Cash flow is adequate but deteriorating (score 51): FY2025 operating cash flow of NT$98m and free cash flow of NT$51m still exceed earnings, but FCF fell ~77% year-over-year and the project-driven model produces highly erratic cash generation.

Income Statement

31Negative

Balance Sheet

72Positive

Cash Flow

51Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	809.70M	1.46B	2.24B	1.64B	2.78B	1.52B
Gross Profit	11.98M	202.01M	247.32M	208.44M	401.01M	258.41M
EBITDA	-132.74M	18.95M	96.06M	49.23M	220.47M	117.04M
Net Income	-100.21M	13.72M	54.04M	10.67M	159.84M	79.30M
Balance Sheet
Total Assets	1.98B	1.94B	2.36B	2.20B	2.20B	2.24B
Cash, Cash Equivalents and Short-Term Investments	669.13M	815.24M	650.81M	413.76M	357.11M	789.89M
Total Debt	256.87M	68.25M	48.68M	487.67M	68.92M	74.94M
Total Liabilities	1.01B	860.51M	1.28B	1.37B	1.34B	1.52B
Stockholders Equity	963.72M	1.07B	1.08B	827.83M	854.89M	714.35M
Cash Flow
Free Cash Flow	46.44M	51.44M	502.12M	-85.22M	-401.08M	238.94M
Operating Cash Flow	105.52M	98.16M	503.02M	-80.28M	-390.74M	246.55M
Investing Cash Flow	-101.76M	-121.79M	32.45M	-289.06M	-86.05M	6.00M
Financing Cash Flow	45.85M	-9.81M	-110.31M	199.46M	-51.79M	-78.59M

Acmepoint Energy Services Co., Ltd Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6692 against its peers
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:6692	45Neutral	TWD 1.25B	-12.28	―	0.97%	-69.73%	-171.17%
TW:1471	44Neutral	TWD 1.23B	40.60	―	―	-53.28%	―

* General Sector Average

Performance Comparison

TW:6692 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6692	Acmepoint Energy Services Co., Ltd	21.00	-11.15	-34.67%
TW:1471	Solytech Enterprise Corporation	8.12	-0.97	-10.67%
TW:6912	Yi Chun Green Technology Co., Ltd.	7.95	-7.47	-48.43%
TW:7578	Revivegen Environmental Technology Co., Ltd.	23.75	-5.10	-17.67%
TW:7859	Skwentex Energy Co. Ltd.	32.50	-6.95	-17.62%
TW:7890	Etica Battery INC.	64.80	-57.66	-47.08%

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

Acmepoint Energy Services Co., Ltd AI Stock Analysis