Horng Terng Automation Co Ltd AI Stock Analysis
Horng Terng Automation Co Ltd (7751) AI Stock Analysis
Horng Terng Automation Co Ltd
(TPEx:7751)
Horng Terng Automation earns an above-average score driven primarily by outstanding financial performance: record revenue and earnings growth, best-in-class margins, a virtually debt-free balance sheet, and high-quality cash conversion. The main drag is technical weakness — the share price sits far below all key moving averages with negative MACD momentum, reflecting a sustained downtrend and elevated volatility. Valuation is a secondary concern, as a P/E near 39 leaves limited room for disappointment in a cyclical end market, though a 1.79% dividend yield offers some support. Investors should weigh the company's strong balance sheet and growth against the sharp cyclicality demonstrated by the 2023 revenue decline.
Horng Terng Automation Co Ltd (7751) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 33.21B
- Dividend Yield
- 1.49%
- Average Volume (3M)
- 341.69K
- Price to Earnings (P/E)
- 46.2
- Beta (1Y)
- 1.72
- Revenue Growth
- ―
- EPS Growth
- ―
- Country
- TW
- Employees
- 120
- Sector
- General
- Sector Strength
- 55
- Industry
- Industrial - Machinery
Horng Terng Automation Co Ltd Business Overview & Revenue Model
Company Description
Horng Terng Automation Co., Ltd. specializes in developing and manufacturing advanced machinery tailored for the LED and solar energy sectors. Their extensive product portfolio encompasses a variety of inspection systems, including visual inspection,...
Horng Terng Automation Co Ltd Financial Statement Overview
Summary
Exceptional fundamentals across all three statements. Revenue surged roughly 62% to NT$1.86bn with gross margin expanding to 55.5% and operating margin to 35.4%, driving net income to NT$519mn (27.9% net margin). The balance sheet is effectively debt-free (debt-to-equity of 0.03) with equity more than doubling to NT$2.47bn, giving excellent financial flexibility. Cash generation is equally strong: operating cash flow of NT$597mn and free cash flow of NT$541mn, converting about 91% of net income into cash on light capex. Offsetting factors are pronounced cyclicality tied to semiconductor equipment demand (revenue fell 30% in 2023) and a decline in return on equity to 21.0% from 24.4% as the enlarged equity base awaits productive deployment.
Income Statement
86Very PositiveBalance Sheet
90Very PositiveCash Flow
85Very Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.31B | 1.86B | 1.14B | 885.95M | 1.27B | 1.19B |
| Gross Profit | 1.28B | 1.03B | 616.85M | 439.01M | 610.00M | 622.05M |
| EBITDA | 879.87M | 687.08M | 392.24M | 231.24M | 519.29M | 347.07M |
| Net Income | 692.25M | 518.75M | 293.54M | 160.45M | 389.76M | 262.57M |
Balance Sheet | ||||||
| Total Assets | 4.62B | 3.96B | 2.15B | 1.74B | 1.82B | 1.88B |
| Cash, Cash Equivalents and Short-Term Investments | 2.16B | 2.54B | 1.26B | 1.12B | 1.15B | 1.04B |
| Total Debt | 62.96M | 67.81M | 9.78M | 18.55M | 99.68M | 288.79M |
| Total Liabilities | 2.25B | 1.49B | 946.30M | 684.62M | 814.90M | 1.01B |
| Stockholders Equity | 2.36B | 2.47B | 1.20B | 1.05B | 999.45M | 861.59M |
Cash Flow | ||||||
| Free Cash Flow | 548.88M | 540.99M | 295.28M | 187.89M | 548.23M | 398.81M |
| Operating Cash Flow | 615.93M | 597.45M | 315.89M | 210.85M | 567.04M | 415.27M |
| Investing Cash Flow | -278.42M | -736.24M | -220.07M | 17.19M | 317.51M | -301.57M |
| Financing Cash Flow | -488.67M | 733.82M | -154.51M | -220.80M | -459.03M | 102.01M |
Horng Terng Automation Co Ltd Peers Comparison
Overall Rating
TW:458375Outperform
TW:356373Outperform- TW:775167Neutral
TW:358359Neutral
TW:246444Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:4583 | 75Outperform | TWD 27.58B | 24.59 | ― | 2.84% | 13.85% | 24.76% |
| TW:3563 | 73Outperform | TWD 38.70B | 33.89 | ― | 2.09% | 16.99% | 26.72% |
| TW:7751 | 67Neutral | TWD 30.52B | 46.21 | ― | 1.49% | ― | ― |
| TW:3583 | 59Neutral | TWD 40.40B | 27.47 | ― | 2.33% | 7.90% | 44.45% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:2464 | 44Neutral | TWD 35.47B | 49.24 | ― | 0.29% | 19.16% | ― |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:7751 | Horng Terng Automation Co Ltd | 1205.00 | 745.58 | 162.29% | |
| TW:2464 | Mirle Automation Corp. | 163.00 | 100.34 | 160.14% | |
| TW:3563 | MACHVISION, Inc. | 623.00 | 174.78 | 38.99% | |
| TW:3583 | Scientech Corporation | 505.00 | 183.49 | 57.07% | |
| TW:4583 | Apex Dynamics, Inc. | 352.00 | -319.96 | -47.62% | |
| TW:4585 | Techman Robot, Inc. | 219.00 | -137.98 | -38.65% |
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