HYE Technology Co., Ltd. AI Stock Analysis
HYE Technology Co., Ltd. (6877) AI Stock Analysis
HYE Technology Co., Ltd.
(TPEx:6877)
HYE Technology scores poorly overall. The dominant issue is deteriorating operating performance: flat revenue, steadily compressing gross and net margins, near-zero core operating profit, and low single-digit return on equity, combined with weak cash conversion and a multi-year record of negative free cash flow. Valuation compounds the problem, with a P/E near 1,967x and only a 0.54% dividend yield offering no cushion. Technicals are also negative, with the price well below all key moving averages and momentum indicators near the bottom of their range. The one meaningful positive is a conservatively financed balance sheet — debt-to-equity of just 0.24 and equity funding about 72% of assets — which limits solvency risk but acts as downside protection rather than a growth catalyst.
HYE Technology Co., Ltd. (6877) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 5.71B
- Dividend Yield
- 0.50%
- Average Volume (3M)
- 228.92K
- Price to Earnings (P/E)
- 2000.0
- Beta (1Y)
- 1.14
- Revenue Growth
- -19.39%
- EPS Growth
- -95.38%
- Country
- TW
- Employees
- 148
- Sector
- General
- Sector Strength
- 55
- Industry
- Semiconductors
HYE Technology Co., Ltd. Business Overview & Revenue Model
Company Description
Hye Technology Co.,Ltd. specializes in the creation, production, and distribution of intelligent automated detection systems. These advanced solutions are supplied to manufacturers within the semiconductor and optoelectronic industries across both Ta...
HYE Technology Co., Ltd. Financial Statement Overview
Summary
A strong balance sheet (score 74) is offset by weak income statement trends (44) and poor cash generation (38). Equity has grown to NT$912 million with debt-to-equity down to 0.24, giving solid solvency and downside protection. However, revenue has stalled at roughly NT$481 million, gross margin has eroded from 55.5% in 2020 to 45.4%, and operating profit collapsed to about NT$4 million from NT$32 million, meaning most of the NT$27 million net income came from non-core items. Return on equity has slipped to 3.0%. Operating cash flow turned positive at NT$15.5 million but covers only 56% of net income, and free cash flow has been negative in four of the past five years.
Income Statement
44NeutralBalance Sheet
74PositiveCash Flow
38Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 337.96M | 480.58M | 480.58M | 332.46M | 429.30M | 361.58M |
| Gross Profit | 172.50M | 218.24M | 229.78M | 155.52M | 175.12M | 188.20M |
| EBITDA | -9.25M | 61.24M | 87.68M | 6.76M | 51.85M | 88.41M |
| Net Income | -33.44M | 27.47M | 47.32M | -16.57M | 24.98M | 61.72M |
Balance Sheet | ||||||
| Total Assets | 1.16B | 1.26B | 1.35B | 1.01B | 884.20M | 685.82M |
| Cash, Cash Equivalents and Short-Term Investments | 449.58M | 605.22M | 627.33M | 392.08M | 291.07M | 261.72M |
| Total Debt | 166.79M | 218.92M | 280.36M | 267.50M | 273.00M | 174.43M |
| Total Liabilities | 313.77M | 350.10M | 478.73M | 448.55M | 421.82M | 280.39M |
| Stockholders Equity | 835.38M | 911.61M | 870.77M | 564.01M | 462.38M | 405.43M |
Cash Flow | ||||||
| Free Cash Flow | -14.05M | 10.68M | -8.50M | -2.48M | -37.40M | -102.08M |
| Operating Cash Flow | -11.42M | 15.49M | -3.10M | 12.59M | 46.30M | 36.93M |
| Investing Cash Flow | -96.56M | -103.13M | -76.57M | -61.46M | -106.85M | -131.29M |
| Financing Cash Flow | -80.42M | -49.27M | 256.95M | 108.04M | 81.38M | 264.06M |
HYE Technology Co., Ltd. Peers Comparison
Overall Rating
TW:520976Outperform
TW:695364Neutral
TW:621551Neutral- TW:687745Neutral
TW:353543Neutral
TW:666838Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:5209 | 76Outperform | TWD 5.67B | 11.38 | ― | 5.94% | 4.58% | 32.53% |
| TW:6953 | 64Neutral | TWD 6.27B | 19.42 | ― | 2.87% | 23.38% | 39.41% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:6215 | 51Neutral | TWD 6.49B | 20.70 | ― | 1.26% | 48.31% | 106.93% |
| TW:6877 | 45Neutral | TWD 5.45B | 2000.00 | ― | 0.50% | -19.39% | -95.38% |
| TW:3535 | 43Neutral | TWD 5.93B | 34.05 | ― | 0.67% | 247.10% | ― |
| TW:6668 | 38Underperform | TWD 5.06B | -25.08 | ― | ― | 18.95% | -10.69% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:6877 | HYE Technology Co., Ltd. | 120.00 | 35.74 | 42.41% | |
| TW:3535 | Favite, Inc. | 75.20 | 3.40 | 4.74% | |
| TW:5209 | CTCI Advanced Systems Inc. | 218.00 | 59.87 | 37.86% | |
| TW:6215 | Aurotek Corporation | 79.40 | -30.05 | -27.45% | |
| TW:6668 | Zhong Yang Technology Co., Ltd. | 47.70 | 9.20 | 23.90% | |
| TW:6953 | Gudeng Equipment Co., Ltd. | 209.00 | 27.42 | 15.10% |
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