Unictron Technologies Corporation (6792) AI Stock Analysis

Unictron Technologies Corporation

(TWSE:6792)

Select Model

Rating:52.5Neutral

Price Target:TWD 54.00▲(3.85% Upside)

Action:initiatedcoverage

Date:11/10/26

The overall score is constrained by significant operational headwinds and weak technical momentum. The company's fortress-like balance sheet provides a floor of stability, but declining margins, collapsing free cash flow, and a bearish technical posture (price below all major moving averages with negative MACD) are major concerns. The attractive 4.68% dividend yield offers some compensation, but the negative trajectory in earnings power and cash conversion is the primary risk factor.

Positive Factors

Very Low LeverageA very low debt burden gives Unictron substantial financial flexibility through the next several quarters. It reduces interest and refinancing pressure, improves resilience if demand weakens, and leaves more capacity to fund operations or strategic investment without relying heavily on external capital.

Negative Factors

Weak Free Cash Flow ConversionThe sharp decline in free cash flow and conversion of only about half of net income indicate that reported earnings are not translating efficiently into deployable cash. Persistent weakness could constrain reinvestment, dividends, or debt-free expansion and may reflect higher working-capital or investment demands.

Unictron Technologies Corporation (6792) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 2.49B
Dividend Yield: 4.81%
Average Volume (3M): 38.27K
Price to Earnings (P/E): 17.0
Beta (1Y): 0.89
Revenue Growth: 6.41%
EPS Growth: 14.62%
Country: TW
Employees: 499
Sector: General
Sector Strength: 55
Industry: Hardware, Equipment & Parts

Unictron Technologies Corporation Business Overview & Revenue Model

Company Description

Unictron Technologies Corp. engages in the manufacture and sale of antennas and piezoelectric ceramics. Its products include chip antennas, patch antennas, custom made antennas, antenna modules, external active antenna modules, major antenna applicat...

Unictron Technologies Corporation Financial Statement Overview

Summary

Financial performance is mixed. The balance sheet is a major strength with minimal debt (D/E 0.03x), but this is offset by declining profitability and weak cash flow. The income statement shows compressed margins and volatile revenue, while free cash flow has collapsed by over 51% TTM. The overall financial health is adequate but on a negative trajectory.

Income Statement

45Neutral

Balance Sheet

82Very Positive

Cash Flow

38Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.40B	1.32B	1.23B	1.38B	1.50B	1.71B
Gross Profit	470.30M	421.68M	350.58M	498.22M	591.39M	723.38M
EBITDA	248.47M	248.14M	234.99M	353.38M	414.69M	431.89M
Net Income	142.39M	104.48M	98.63M	195.97M	269.77M	291.02M
Balance Sheet
Total Assets	1.98B	1.95B	2.05B	2.08B	2.25B	2.44B
Cash, Cash Equivalents and Short-Term Investments	930.54M	974.12M	1.01B	850.49M	899.86M	1.12B
Total Debt	49.12M	78.87M	97.20M	29.88M	129.83M	107.99M
Total Liabilities	409.88M	429.88M	458.11M	359.45M	558.30M	661.52M
Stockholders Equity	1.57B	1.52B	1.59B	1.72B	1.69B	1.78B
Cash Flow
Free Cash Flow	89.06M	189.83M	145.72M	206.09M	69.66M	286.29M
Operating Cash Flow	181.44M	247.64M	239.19M	279.32M	224.51M	371.49M
Investing Cash Flow	-77.70M	84.86M	121.21M	-156.64M	-387.92M	-59.79M
Financing Cash Flow	-148.89M	-171.50M	-171.22M	-343.32M	-355.17M	456.49M

Unictron Technologies Corporation Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6792 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:6799	68Neutral	TWD 2.93B	14.43	―	3.55%	5.45%	64.05%
TW:6133	63Neutral	TWD 2.53B	20.00	―	4.57%	12.37%	113.11%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:6792	53Neutral	TWD 2.49B	17.03	―	4.81%	6.41%	14.62%
TW:2462	42Neutral	TWD 2.60B	27.86	―	1.18%	-4.39%	-87.95%
TW:4545	40Underperform	TWD 2.68B	27.59	―	0.34%	1.97%	1277.45%

* General Sector Average

Performance Comparison

TW:6792 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6792	Unictron Technologies Corporation	52.00	1.03	2.02%
TW:2462	TAIWAN LINE TEK ELECTRONIC CO., LTD.	16.90	-5.21	-23.56%
TW:4545	Min Aik Precision Industrial Co., Ltd.	38.20	5.33	16.20%
TW:6133	Golden Bridge Electech Inc.	21.90	6.51	42.26%
TW:6722	Whetron Electronics Co., Ltd.	29.95	-27.65	-48.01%
TW:6799	M3 Technology Inc	70.50	-7.22	-9.29%

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

Unictron Technologies Corporation AI Stock Analysis