AMIDA Technology. Inc. (6735) AI Stock Analysis

AMIDA Technology. Inc.

(TPEx:6735)

Select Model

Rating:47Neutral

Price Target:TWD 47.00▼(-11.65% Downside)

Action:initiatedcoverage

Date:11/09/26

AMIDA Technology scores in the lower-middle range, weighed down primarily by a steep deterioration in operating performance: gross margin has compressed by nearly 30 percentage points since 2020, operating margin fell to 2.5%, net income dropped to NT$15 million, and free cash flow declined roughly 65%, pushing return on equity to just 1.6%. The main offset is a fortress balance sheet — essentially debt-free with equity funding about 90% of assets — which provides meaningful staying power through the semiconductor cycle. Technicals add further pressure, with the price well below all key moving averages and a deeply negative MACD, though extremely oversold RSI and Stochastic readings suggest scope for a short-term bounce. Valuation is unsupportive at a 37x P/E on sharply reduced earnings, with only a 1.47% dividend yield as compensation. The investment case depends on management restoring margins and revenue momentum; until then the strong capital structure limits downside rather than driving returns.

Positive Factors

Very Low LeverageExtremely low leverage reduces refinancing pressure and preserves financial flexibility during weaker operating periods. The conservative capital structure can support continued investment, provide resilience through business cycles, and limit the risk that interest obligations constrain future decisions.

Negative Factors

Sharp Margin CompressionThe steep decline in gross and net margins shows that revenue growth is not currently translating efficiently into earnings. Persistent margin pressure would reduce internal funding capacity, weaken profitability quality, and make future results more sensitive to changes in costs and operating conditions.

AMIDA Technology. Inc. (6735) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 2.48B
Dividend Yield: 1.32%
Average Volume (3M): 83.26K
Price to Earnings (P/E): 32.8
Beta (1Y): 1.42
Revenue Growth: 33.32%
EPS Growth: ―
Country: TW
Employees: 73
Sector: General
Sector Strength: 55
Industry: Semiconductors

AMIDA Technology. Inc. Business Overview & Revenue Model

Company Description

AMIDA Technology, Inc. is a Taiwanese enterprise that specializes in developing and delivering electronic testing and measurement solutions. Primarily serving the semiconductor and optical sectors within Taiwan, the company offers a diverse portfolio...

AMIDA Technology. Inc. Financial Statement Overview

Summary

A debt-free, equity-funded balance sheet (debt-to-equity of about 0.01, equity covering roughly 90% of assets) provides strong downside protection and scores well at 85. However, this is offset by a sharply deteriorating income statement (score 38): revenue fell about 5% to NT$343 million, gross margin compressed from 76% in 2020 to 47% in 2025, operating margin collapsed from 29.6% to 2.5%, and net income dropped from NT$94 million to NT$15 million. Cash flow (score 45) also weakened materially, with operating cash flow down to NT$19 million from NT$118 million and free cash flow covering only 57% of net income. Return on equity has fallen to 1.6%, signalling inefficient use of the large capital base.

Income Statement

38Negative

Balance Sheet

85Very Positive

Cash Flow

45Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	414.94M	343.48M	360.85M	237.78M	433.56M	453.73M
Gross Profit	209.52M	161.90M	195.87M	142.16M	285.11M	324.60M
EBITDA	68.72M	32.47M	128.78M	41.52M	196.19M	208.46M
Net Income	64.86M	15.03M	93.72M	13.92M	107.24M	155.03M
Balance Sheet
Total Assets	1.20B	1.07B	1.13B	1.05B	1.18B	964.76M
Cash, Cash Equivalents and Short-Term Investments	443.05M	320.89M	392.00M	294.24M	413.65M	272.56M
Total Debt	15.03M	9.84M	4.63M	5.28M	37.48M	143.69M
Total Liabilities	248.33M	109.88M	109.66M	106.08M	153.68M	341.13M
Stockholders Equity	946.95M	957.30M	1.02B	942.59M	1.02B	623.63M
Cash Flow
Free Cash Flow	118.64M	10.96M	113.60M	12.43M	-40.91M	30.59M
Operating Cash Flow	127.83M	19.25M	118.35M	14.81M	-38.19M	78.51M
Investing Cash Flow	20.24M	-11.92M	-84.22M	-3.09M	-4.37M	-305.00K
Financing Cash Flow	-84.30M	-83.30M	-16.06M	-131.30M	183.31M	-97.01M

AMIDA Technology. Inc. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6735 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:6233	56Neutral	TWD 2.74B	68.37	―	2.13%	2.62%	―
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:3438	52Neutral	TWD 2.34B	33.56	―	3.00%	-11.08%	111.39%
TW:6735	47Neutral	TWD 2.38B	32.75	―	1.32%	33.32%	―
TW:6129	40Underperform	TWD 2.01B	-21.99	―	―	24.89%	59.91%
TW:5244	39Underperform	TWD 2.33B	-77.05	―	1.18%	4.95%	-149.34%

* General Sector Average

Performance Comparison

TW:6735 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6735	AMIDA Technology. Inc.	53.20	-6.57	-10.99%
TW:3438	Advanced Analog Technology, Inc.	50.00	4.20	9.16%
TW:5244	Brightek Optoelectronic Co., Ltd.	33.90	-4.43	-11.56%
TW:6129	Princeton Technology Corporation	11.50	-5.47	-32.23%
TW:6233	Prolific Technology Inc.	35.25	15.55	78.97%
TW:6423	Yield Microelectronics Corporation	80.00	6.03	8.16%

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

AMIDA Technology. Inc. AI Stock Analysis