Msscorps Co., Ltd. (6830) AI Stock Analysis

Msscorps Co., Ltd.

(TWSE:6830)

Select Model

Rating:40Underperform

Price Target:TWD 397.00▼(-15.53% Downside)

Action:initiatedcoverage

Date:11/09/26

Low score driven mainly by poor valuation and bearish technicals; financial performance limited by margin pressure and higher leverage despite revenue growth and solid operating cash flow.

Positive Factors

Revenue GrowthRevenue growth, including a 2025 re-acceleration, indicates that the company continues to expand its top line despite profitability pressure. Sustained sales growth can support operating scale, preserve market relevance, and provide a base for recovery if margins stabilize.

Negative Factors

Profitability DeteriorationThe shift from profitability to a 2025 net loss, alongside compressed gross and operating margins, signals weaker earnings quality and reduced operating resilience. If margin pressure persists, revenue growth may not translate into shareholder returns or internally funded expansion.

Msscorps Co., Ltd. (6830) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 27.91B
Dividend Yield: 0.21%
Average Volume (3M): 1.79M
Price to Earnings (P/E): 372.6
Beta (1Y): 0.94
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

Steady revenue growth to 2.18 billion but sharp gross margin decline to 23.7% led to net loss; rising debt pushed leverage higher while strong operating cash flow of 743 million provides a partial offset.

Income Statement

42Neutral

Balance Sheet

35Negative

Cash Flow

55Neutral

Financial statement breakdown
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

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6830 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:8131	65Neutral	TWD 23.84B	13.86	―	1.81%	37.20%	416.69%
TW:6683	64Neutral	TWD 25.68B	42.77	―	0.93%	26.06%	52.23%
TW:3265	58Neutral	TWD 21.46B	23.62	―	2.47%	15.38%	34.04%
TW:2329	56Neutral	TWD 24.47B	14.68	―	2.70%	10.61%	51.02%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:6830	40Underperform	TWD 27.41B	372.57	―	0.21%	22.72%	―
TW:3707	38Underperform	TWD 24.11B	-51.85	―	―	22.70%	38.31%

* General Sector Average

Performance Comparison

TW:6830 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6830	Msscorps Co., Ltd.	470.00	318.92	211.10%
TW:2329	Orient Semiconductor Electronics, Limited	37.00	-14.90	-28.70%
TW:3265	Winstek Semiconductor Co. Ltd.	166.00	69.06	71.23%
TW:3707	Episil Technologies Inc.	60.90	10.50	20.83%
TW:6683	Keystone Microtech Co.	971.00	583.47	150.56%
TW:8131	Formosa Advanced Technologies Co., Ltd.	55.40	7.74	16.25%

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

Msscorps Co., Ltd. AI Stock Analysis