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Forcelead Technology Corp (6996) AI Stock Analysis

TW:6996

Forcelead Technology Corp

(TPEx:6996)

Select Model
Rating:74Outperform
Price Target:TWD 159.00â–²(10.03% Upside)
Action:initiatedcoverage
Date:11/10/26

The score is supported primarily by the exceptionally strong balance sheet, continued profitability, low valuation, and high dividend yield. These strengths are partly offset by declining operating performance, weaker cash-flow momentum, and a technically bearish trend.

Positive Factors
Conservative Balance SheetThe near-zero debt burden gives Forcelead substantial financial flexibility and reduces refinancing risk across business cycles. A conservative capital structure can support continued investment, dividends, or resilience during weaker operating periods without placing excessive demands on cash flow.
Negative Factors
Uneven Revenue GrowthThe repeated changes in revenue direction indicate that Forcelead’s top-line momentum is not yet dependable. Uneven sales growth can make capacity planning and reinvestment less predictable, limiting the visibility of future earnings expansion even though profitability remains solid.

Forcelead Technology Corp (6996) vs. SPDR S&P 500 ETF (SPY)

-10%0%10%20%30%40%50%TW:6996+3.72%SPY+14.30%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
TWD 6.03B
Dividend Yield
6.92%
Average Volume (3M)
60.00K
Price to Earnings (P/E)
9.1
Beta (1Y)
0.61
Revenue Growth
10.25%
EPS Growth
25.45%
Country
TW
Employees
133
Sector
General
Sector Strength
55
Industry
Hardware, Equipment & Parts

Forcelead Technology Corp Business Overview & Revenue Model

Company Description

Forcelead Technology Corp. is an integrated circuit (IC) design specialist dedicated to the development, production, and worldwide distribution of display driver chips and touch-integrated driver chips. Their product range includes specialized displa...

Forcelead Technology Corp Financial Statement Overview

Summary

Strong balance sheet and sustained profitability support the score, but declining revenue, margins, return on equity, and free cash flow reduce financial momentum.

Income Statement

76Positive

Balance Sheet

94Very Positive

Cash Flow

72Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Jun 2023Dec 2021
Income Statement
Total Revenue3.03B2.69B2.97B2.66B2.81B3.53B
Gross Profit1.24B1.08B1.20B957.47M1.15B2.01B
EBITDA751.30M612.50M749.37M586.96M768.90M1.40B
Net Income631.99M506.03M588.56M436.89M576.71M1.12B
Balance Sheet
Total Assets3.47B3.49B3.44B2.35B2.22B2.77B
Cash, Cash Equivalents and Short-Term Investments1.73B2.07B2.34B1.33B1.04B1.73B
Total Debt21.35M18.80M26.83M4.50M4.81M9.28M
Total Liabilities763.48M763.63M723.20M676.47M644.70M1.09B
Stockholders Equity2.70B2.73B2.71B1.67B1.57B1.67B
Cash Flow
Free Cash Flow553.01M439.92M591.77M711.05M257.60M1.28B
Operating Cash Flow753.06M618.08M647.51M907.59M335.49M1.33B
Investing Cash Flow-402.31M46.83M-887.25M-433.48M-81.85M-526.42M
Financing Cash Flow-428.18M-572.40M384.52M-436.50M-939.39M-123.28M

Forcelead Technology Corp Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TW:6996 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
TW:5236TW:523675OutperformTWD 6.41B11.56―8.22%4.83%22.01%
TW:6996TW:699674OutperformTWD 6.06B9.14―6.92%10.25%25.45%
TW:6435TW:643569NeutralTWD 7.74B15.77―3.55%15.48%103.78%
TW:6411TW:641160NeutralTWD 6.49B15.41―3.42%-2.08%21.53%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
TW:6732TW:673252NeutralTWD 5.92B16.97―4.60%-12.16%10.27%

* General Sector Average

Performance Comparison

0%100%200%TW:6996TW:5236TW:6411TW:6435TW:6732TW:7960Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TW:6996 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TW:6996Forcelead Technology Corp144.500.440.30%
TW:5236Sunplus Innovation Technology Inc.109.50-13.08-10.67%
TW:6411Amazing Microelectronic Corp.64.80-14.31-18.09%
TW:6435Sinopower Semiconductor, Inc.211.50100.9191.24%
TW:6732Sensortek Technology Corp.119.50-58.00-32.68%
TW:7960Yea Shin Technology Co., Ltd.126.00-46.50-26.96%
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