Inergy Technology, Inc. (6693) AI Stock Analysis

Inergy Technology, Inc.

(TPEx:6693)

Select Model

Rating:49Neutral

Price Target:TWD 120.00▼(-14.89% Downside)

Action:initiatedcoverage

Date:11/09/26

Mixed financial performance is the primary driver, with balance sheet strength offset by recent losses and negative cash flows. Bearish technical indicators add downward pressure, while valuation remains reasonable.

Positive Factors

Revenue GrowthRevenue re-accelerated in 2025, indicating the company retained demand for its energy-related technology and equipment offerings despite a difficult profitability year. Continued top-line expansion can support operating scale and provide a base for margin recovery if cost pressure eases.

Negative Factors

Margin and Net Income DeteriorationProfitability deteriorated sharply in 2025: net income moved from a solid 2024 profit to a small loss and gross margin compressed meaningfully. This weakens earnings quality and suggests that revenue growth is not currently translating into dependable operating leverage or shareholder returns.

Inergy Technology, Inc. (6693) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 6.08B
Dividend Yield: 0.43%
Average Volume (3M): 1.24M
Price to Earnings (P/E): 18.6
Beta (1Y): 1.48
Revenue Growth: 77.79%
EPS Growth: 222694.12%
Country: TW
Employees: 80
Sector: General
Sector Strength: 55
Industry: Semiconductors

Inergy Technology, Inc. Business Overview & Revenue Model

Company Description

Inergy Technology is a fabless semiconductor company specializing in energy-saving integrated circuit (IC) design. The company's core products include Power MOSFETs, brushless DC motor drivers, cooling fan drivers, and battery management systems. It...

Inergy Technology, Inc. Financial Statement Overview

Summary

Strong balance sheet (score 82) with low leverage provides stability, but weak income statement (score 38) and cash flow (score 25) due to net losses and negative cash generation raise concerns.

Income Statement

38Negative

Balance Sheet

82Very Positive

Cash Flow

25Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.94B	1.41B	1.09B	960.37M	1.33B	1.21B
Gross Profit	550.70M	341.80M	334.36M	177.02M	304.26M	323.71M
EBITDA	293.39M	34.48M	232.36M	63.69M	177.34M	168.64M
Net Income	227.79M	-4.00M	152.42M	16.31M	111.70M	118.08M
Balance Sheet
Total Assets	2.04B	1.68B	1.81B	1.52B	1.82B	1.26B
Cash, Cash Equivalents and Short-Term Investments	480.20M	476.55M	759.62M	546.74M	565.77M	307.51M
Total Debt	283.75M	216.68M	262.14M	199.78M	217.58M	364.61M
Total Liabilities	791.81M	606.82M	597.52M	426.09M	647.87M	734.60M
Stockholders Equity	1.25B	1.07B	1.21B	1.10B	1.17B	525.62M
Cash Flow
Free Cash Flow	41.17M	-67.91M	138.71M	108.71M	-49.13M	17.59M
Operating Cash Flow	155.41M	-17.11M	172.46M	139.26M	-5.08M	108.35M
Investing Cash Flow	-163.34M	-62.22M	60.00M	-10.57M	-166.67M	-74.03M
Financing Cash Flow	-102.86M	-213.69M	-18.45M	-148.24M	433.81M	73.78M

Inergy Technology, Inc. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6693 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:6913	55Neutral	TWD 5.82B	20.20	―	1.91%	25.98%	54.12%
TW:2413	51Neutral	TWD 5.84B	16.63	―	1.04%	7.73%	―
TW:6693	49Neutral	TWD 6.31B	18.60	―	0.43%	77.79%	222694.12%
TW:8121	40Underperform	TWD 5.09B	-274.63	―	―	19.70%	83.81%
TW:6179	37Underperform	TWD 6.25B	53.25	―	2.92%	23.71%	-25.55%

* General Sector Average

Performance Comparison

TW:6693 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6693	Inergy Technology, Inc.	141.00	64.19	83.56%
TW:2413	Universal Microelectronics Co., Ltd.	47.90	27.58	135.79%
TW:6179	ATE Energy International Co. Ltd.	34.30	5.60	19.53%
TW:6913	VSO Electronics Co., Ltd.	131.00	21.06	19.15%
TW:7740	Seetel New Energy Co., Ltd.	91.00	-55.14	-37.73%
TW:8121	ACME Electronics Corporation	24.15	-3.65	-13.13%

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

Inergy Technology, Inc. AI Stock Analysis