Chenfull Precision Co., Ltd. (6829) AI Stock Analysis

Chenfull Precision Co., Ltd.

(TPEx:6829)

Select Model

Rating:54Neutral

Price Target:TWD 167.00▼(-6.96% Downside)

Action:initiatedcoverage

Date:11/09/26

Chenfull Precision earns a below-average score. The dominant drag is the combination of sharp margin compression — profits down roughly 30% despite 20% revenue growth — and a second straight year of negative free cash flow funded by debt that more than doubled, even though leverage remains low and operating cash flow is healthy. Technicals reinforce the caution: the stock sits well below all major moving averages with a deeply negative MACD, with oversold RSI the only near-term positive. A P/E near 32 leaves little margin for error given falling earnings, only partly offset by a 2.1% dividend yield. The stock would warrant a higher score if new capacity restores margins toward historical 30%+ levels and converts into positive free cash flow.

Positive Factors

Revenue GrowthRevenue growth of 34.2% indicates that the company expanded its top line meaningfully over the measured period. If sustained, this growth can broaden its earnings base, support operating scale, and provide resources for continued investment over the next several quarters.

Negative Factors

Negative Free Cash FlowNegative free cash flow across the last two years, with further deterioration in 2025, weakens cash conversion and may increase reliance on external funding or balance-sheet resources. Persistent cash deficits can constrain reinvestment flexibility even while accounting profits remain positive.

Chenfull Precision Co., Ltd. (6829) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 10.38B
Dividend Yield: 1.95%
Average Volume (3M): 795.37K
Price to Earnings (P/E): 32.9
Beta (1Y): 1.33
Revenue Growth: 34.20%
EPS Growth: 20.73%
Country: TW
Employees: 524
Sector: General
Sector Strength: 55
Industry: Industrial - Machinery

Chenfull Precision Co., Ltd. Business Overview & Revenue Model

Company Description

ChenFull Precision Co., Ltd. is a Taiwanese manufacturer specializing in high-precision components for two distinct global sectors: the civil aviation industry and the advanced optoelectronic and semiconductor equipment industry. For aerospace, the c...

Chenfull Precision Co., Ltd. Financial Statement Overview

Summary

Revenue grew roughly 20% in 2025 to a record NT$1.82 billion, but profitability deteriorated sharply: gross margin fell to 26.7% from 35.2%, operating margin to 16.2% from 28.1%, and net income dropped about 30% to NT$234 million. The balance sheet remains conservative with debt-to-equity of 0.35 and equity funding 63% of assets, though borrowings more than doubled in one year and ROE slipped to 12.1%. Operating cash flow was stable at NT$306 million and exceeded net income, indicating solid earnings quality, but free cash flow stayed negative at NT$114 million for a second consecutive year on heavy capex. The company is mid-expansion: solid financial footing, but margin compression and cash burn weigh on the score.

Income Statement

58Neutral

Balance Sheet

71Positive

Cash Flow

50Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.17B	1.82B	1.52B	1.35B	1.78B	1.71B
Gross Profit	550.27M	486.08M	534.33M	411.35M	570.22M	490.58M
EBITDA	513.14M	410.19M	542.28M	375.04M	549.38M	431.35M
Net Income	315.94M	233.86M	335.13M	207.69M	355.41M	256.44M
Balance Sheet
Total Assets	3.59B	3.09B	2.70B	2.28B	2.56B	2.05B
Cash, Cash Equivalents and Short-Term Investments	218.37M	246.75M	278.00M	600.89M	883.72M	478.29M
Total Debt	951.62M	681.85M	284.91M	127.29M	142.05M	148.99M
Total Liabilities	1.68B	1.15B	696.48M	435.89M	602.52M	645.87M
Stockholders Equity	1.91B	1.94B	2.00B	1.84B	1.96B	1.41B
Cash Flow
Free Cash Flow	-337.45M	-114.18M	-276.08M	47.48M	410.00M	259.84M
Operating Cash Flow	360.54M	305.68M	309.81M	156.44M	428.37M	297.09M
Investing Cash Flow	-723.83M	-438.02M	-619.18M	-112.83M	-192.87M	-52.66M
Financing Cash Flow	419.35M	101.09M	-13.53M	-326.43M	169.92M	100.01M

Chenfull Precision Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6829 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:5284	60Neutral	TWD 12.88B	13.58	―	2.11%	41.38%	58.01%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:6829	54Neutral	TWD 10.62B	32.93	―	1.95%	34.20%	20.73%
TW:1563	47Neutral	TWD 11.11B	35.87	―	7.68%	3.41%	-22.42%
TW:1597	44Neutral	TWD 10.08B	50.00	―	0.62%	43.45%	186.00%
TW:1536	33Underperform	TWD 10.59B	-19.77	―	―	-4.17%	-15.31%

* General Sector Average

Performance Comparison

TW:6829 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6829	Chenfull Precision Co., Ltd.	179.50	64.96	56.71%
TW:1536	Hota Industrial Manufacturing Co., Ltd.	37.95	-21.45	-36.11%
TW:1563	SuperAlloy Industrial Co., Ltd.	67.30	12.42	22.63%
TW:1597	Chieftek Precision Co., Ltd.	113.50	39.49	53.35%
TW:4537	Shuz Tung Machinery Industrial Co., Ltd.	129.00	89.86	229.60%
TW:5284	JPP Holding Co., Ltd.	233.50	-61.50	-20.85%

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

Chenfull Precision Co., Ltd. AI Stock Analysis