Msscorps Co., Ltd. AI Stock Analysis
Msscorps Co., Ltd. (6830) AI Stock Analysis
Msscorps Co., Ltd.
(TWSE:6830)
The score is low primarily because of weak financial performance: margins have compressed for three consecutive years, the company posted a net loss, returns on equity turned negative, and leverage has more than doubled to fund a capacity build-out that has produced negative free cash flow in five of the last six years. Technicals reinforce the caution, with the price below all key moving averages and negative MACD momentum. Valuation offers no cushion, with a P/E near 1,700 and a minimal dividend yield. On the positive side, revenue has nearly doubled since 2020, EBITDA margins remain near 39%, and operating cash flow continues to grow — leaving a credible recovery path if the new capacity lifts utilization and margins, but that remains unproven.
Msscorps Co., Ltd. (6830) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 27.15B
- Dividend Yield
- 0.21%
- Average Volume (3M)
- 1.80M
- Price to Earnings (P/E)
- 374.5
- Beta (1Y)
- 0.92
- Revenue Growth
- 22.72%
- EPS Growth
- ―
- Country
- TW
- Employees
- 353
- Sector
- General
- Sector Strength
- 55
- Industry
- Semiconductors
Msscorps Co., Ltd. Business Overview & Revenue Model
Company Description
Msscorps Co., Ltd., founded in 2005 and headquartered in Hsinchu, Taiwan, operates globally, serving markets across Asia, the Americas, and beyond. The company's primary activities include both the testing and analysis of electronic materials, alongs...
Msscorps Co., Ltd. Financial Statement Overview
Summary
Revenue continues to grow (up ~11% to NT$2.18bn and nearly double 2020 levels), and operating cash flow is solid at NT$743 million, but profitability has deteriorated badly. Gross margin fell from ~40% to 23.7%, operating margin collapsed to 2.8%, and the company swung to a net loss of NT$37 million. Leverage has climbed quickly, with debt-to-equity rising from 0.33 to 0.82 in three years, while ROE turned negative at -1.2%. Heavy capital spending drove free cash flow to roughly -NT$439 million, the fifth negative year in six, leaving growth dependent on external funding. Steady EBITDA near NT$840 million (~39% margin) suggests the loss is depreciation-driven rather than a cash collapse, which tempers but does not offset the weak scores across the income statement (34), balance sheet (49), and cash flow (46).
Income Statement
34NegativeBalance Sheet
49NeutralCash Flow
46Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.38B | 2.18B | 1.97B | 1.88B | 1.73B | 1.47B |
| Gross Profit | 569.01M | 516.26M | 524.26M | 697.00M | 694.93M | 555.11M |
| EBITDA | 911.74M | 844.14M | 841.47M | 840.55M | 855.91M | 713.62M |
| Net Income | 13.62M | -36.67M | 64.96M | 261.28M | 288.00M | 252.49M |
Balance Sheet | ||||||
| Total Assets | 6.58B | 6.24B | 5.93B | 4.26B | 3.83B | 2.90B |
| Cash, Cash Equivalents and Short-Term Investments | 682.62M | 820.15M | 1.18B | 635.09M | 1.13B | 490.99M |
| Total Debt | 2.61B | 2.49B | 2.26B | 1.12B | 857.30M | 693.87M |
| Total Liabilities | 3.18B | 3.20B | 2.78B | 1.69B | 1.26B | 1.02B |
| Stockholders Equity | 3.40B | 3.04B | 3.15B | 2.57B | 2.57B | 1.88B |
Cash Flow | ||||||
| Free Cash Flow | -313.65M | -439.24M | -944.28M | -375.23M | 71.90M | -13.18M |
| Operating Cash Flow | 785.09M | 742.84M | 694.88M | 657.65M | 663.07M | 619.98M |
| Investing Cash Flow | -1.12B | -1.19B | -1.67B | -1.03B | -592.61M | -646.96M |
| Financing Cash Flow | 107.71M | 130.82M | 1.52B | -115.45M | 559.63M | 210.90M |
Msscorps Co., Ltd. Peers Comparison
Overall Rating
TW:813165Neutral
TW:668364Neutral
TW:326558Neutral
TW:232956Neutral- TW:683040Underperform
TW:370738Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:8131 | 65Neutral | TWD 23.84B | 13.29 | ― | 1.86% | 37.20% | 416.69% |
| TW:6683 | 64Neutral | TWD 25.68B | 40.13 | ― | 0.97% | 26.06% | 52.23% |
| TW:3265 | 58Neutral | TWD 21.46B | 22.56 | ― | 2.60% | 15.38% | 34.04% |
| TW:2329 | 56Neutral | TWD 24.47B | 14.80 | ― | 2.68% | 10.61% | 51.02% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:6830 | 40Underperform | TWD 27.41B | 374.53 | ― | 0.21% | 22.72% | ― |
| TW:3707 | 38Underperform | TWD 24.11B | -51.01 | ― | ― | 22.70% | 38.31% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:6830 | Msscorps Co., Ltd. | 465.50 | 314.42 | 208.12% | |
| TW:2329 | Orient Semiconductor Electronics, Limited | 37.30 | -12.34 | -24.86% | |
| TW:3265 | Winstek Semiconductor Co. Ltd. | 157.50 | 59.19 | 60.20% | |
| TW:3707 | Episil Technologies Inc. | 60.20 | 9.00 | 17.58% | |
| TW:6683 | Keystone Microtech Co. | 932.00 | 540.99 | 138.36% | |
| TW:8131 | Formosa Advanced Technologies Co., Ltd. | 53.90 | 8.37 | 18.38% |
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