Acer E-Enabling Service Business Inc. (6811) AI Stock Analysis

Acer E-Enabling Service Business Inc.

(TPEx:6811)

Select Model

Rating:69Neutral

Price Target:TWD 248.00▲(2.90% Upside)

Action:initiatedcoverage

Date:11/09/26

The score is anchored by solid fundamentals: steady double-digit revenue growth, expanding operating margins, an essentially debt-free balance sheet and a consistently high ~25% return on equity. Valuation reinforces the case, with a modest 13.4x P/E and a generous 4.64% dividend yield. Offsetting this, the technical picture is weak — the price has fallen below its 20-, 50- and 100-day moving averages with negative MACD, leaving only the 200-day average as support. Additional watch items are the structurally thin 12.5% gross margin, which has slipped from 13.7% in 2023, and historically volatile cash conversion, including sharply negative free cash flow in 2024, even though 2025 saw a strong rebound.

Positive Factors

Steady Revenue and ProfitabilityMulti-year revenue expansion combined with consistently positive profitability indicates an established service operation with durable customer demand. Stable net margins provide an earnings base that can support continued investment and operational resilience over the next several quarters.

Negative Factors

Cash-Flow VolatilityThe sharp cash-flow deterioration in 2024 shows that reported earnings do not always translate smoothly into cash. Although 2025 recovered strongly, recurring working-capital swings or investment needs could constrain funding flexibility and make cash planning less predictable.

Acer E-Enabling Service Business Inc. (6811) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 9.82B
Dividend Yield: 4.36%
Average Volume (3M): 385.41K
Price to Earnings (P/E): 14.0
Beta (1Y): 0.94
Revenue Growth: 30.33%
EPS Growth: 25.72%
Country: TW
Employees: 305
Sector: General
Sector Strength: 55
Industry: Information Technology Services

Acer E-Enabling Service Business Inc. Business Overview & Revenue Model

Company Description

Acer E-Enabling Service Business Inc. (AEB) specializes in providing a broad spectrum of information and communication technology (ICT) solutions and services, with its primary operations located in Taiwan. The company's diverse offerings encompass a...

Acer E-Enabling Service Business Inc. Financial Statement Overview

Summary

A strong fundamental profile: revenue has compounded uninterrupted from roughly NT$5.4bn in 2020 to NT$9.7bn in 2025, with net income more than doubling and net margin improving from 4.3% to 6.2% (Income Statement: 78). The balance sheet is a standout, now essentially debt-free with NT$1.4m of debt against NT$2.36bn of equity and a consistently high ~25% return on equity (Balance Sheet: 80). Cash flow is the weaker link (68): 2025 operating cash flow of NT$605m exceeded net income and free cash flow covered ~95% of profits, but 2024 saw operating cash flow collapse to NT$130m and free cash flow swing to negative NT$1.66bn, highlighting lumpy working-capital cycles. Thin gross margins of 12.5%, down from 13.7% in 2023, and an asset base funded largely by operating liabilities are the key items to monitor.

Income Statement

78Positive

Balance Sheet

80Positive

Cash Flow

68Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	10.48B	9.66B	8.69B	7.55B	7.19B	6.20B
Gross Profit	1.30B	1.20B	1.12B	1.04B	963.97M	746.72M
EBITDA	844.51M	768.86M	694.46M	657.49M	583.60M	395.60M
Net Income	668.96M	595.13M	538.96M	501.33M	436.77M	283.80M
Balance Sheet
Total Assets	7.23B	6.26B	6.10B	5.62B	5.39B	4.12B
Cash, Cash Equivalents and Short-Term Investments	1.26B	916.29M	965.98M	2.76B	2.60B	1.62B
Total Debt	750.00K	1.42M	252.75M	63.00K	19.00M	12.55M
Total Liabilities	4.90B	3.90B	3.94B	3.66B	3.61B	3.24B
Stockholders Equity	2.32B	2.36B	2.16B	1.96B	1.78B	883.21M
Cash Flow
Free Cash Flow	473.98M	573.67M	-1.66B	488.34M	551.36M	315.99M
Operating Cash Flow	482.09M	605.06M	130.07M	497.49M	556.96M	318.25M
Investing Cash Flow	-11.38M	-11.04M	-1.82B	189.61M	-198.84M	-45.24M
Financing Cash Flow	-424.30M	-644.28M	-102.79M	-329.44M	420.81M	-143.76M

Acer E-Enabling Service Business Inc. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6811 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:5287	76Outperform	TWD 8.19B	8.20	―	8.70%	-0.74%	12.02%
TW:6811	69Neutral	TWD 9.95B	13.97	―	4.36%	30.33%	25.72%
TW:6870	66Neutral	TWD 13.97B	61.77	―	0.66%	34.69%	64.43%
TW:6112	57Neutral	TWD 10.74B	24.54	―	2.84%	16.31%	321.53%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:3289	55Neutral	TWD 9.76B	25.00	―	4.22%	-1.90%	-10.19%

* General Sector Average

Performance Comparison

TW:6811 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6811	Acer E-Enabling Service Business Inc.	241.00	26.50	12.35%
TW:3289	Integrated Service Technology Inc.	119.00	17.36	17.08%
TW:5287	ADDCN Technology Co., Ltd.	126.00	-15.84	-11.17%
TW:6112	Metaage Corporation	58.00	9.79	20.32%
TW:6870	Turn Cloud Technology Service Inc.	493.50	336.04	213.40%
TW:7815	Sync-Tech System Corp.	315.00	166.93	112.73%

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

Acer E-Enabling Service Business Inc. AI Stock Analysis