Alpha Microelectronics Corp. AI Stock Analysis
Alpha Microelectronics Corp. (8024) AI Stock Analysis
Alpha Microelectronics Corp.
(TPEx:8024)
The score is driven primarily by weak financial performance: a roughly 70% revenue decline from 2021, gross margin compression to 12.5%, three straight years of widening net losses and about NT$60 million of annual cash burn. Technicals reinforce the caution, with the price below all major moving averages and a negative MACD, although extremely oversold RSI and Stochastic readings suggest downside may be near-term stretched. Valuation offers no cushion given negative earnings and no dividend. The main offset is a debt-free balance sheet with equity funding 93% of assets, which buys management time to stabilise the business — investors should watch for revenue stabilisation and margin recovery as the first signs of a turn.
Alpha Microelectronics Corp. (8024) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 483.21M
- Dividend Yield
- ―
- Average Volume (3M)
- 52.67K
- Price to Earnings (P/E)
- -5.7
- Beta (1Y)
- 0.24
- Revenue Growth
- -11.40%
- EPS Growth
- 7.18%
- Country
- TW
- Employees
- 120
- Sector
- General
- Sector Strength
- 55
- Industry
- Semiconductors
Alpha Microelectronics Corp. Business Overview & Revenue Model
Company Description
Alpha Microelectronics Corporation specializes in the full lifecycle of integrated circuits (ICs), from initial research and development to their design, application, and commercialization. Its extensive product portfolio encompasses a range of speci...
Alpha Microelectronics Corp. Financial Statement Overview
Summary
Alpha Microelectronics combines a deteriorating earnings engine with a fortress balance sheet. Revenue has fallen roughly 70% from its 2021 peak to NT$154 million, gross margin has collapsed from above 50% to 12.5%, and the company has posted three consecutive years of widening losses (latest net margin -75%). Cash flow is equally weak, with roughly NT$60 million of annual operating cash burn for three straight years. The offset is a debt-free capital structure where equity funds about 93% of assets, providing time to restructure — though that equity base has shrunk from NT$716 million to NT$424 million and ROE stands at -27%.
Income Statement
13Very NegativeBalance Sheet
66PositiveCash Flow
18Very Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 167.62M | 153.78M | 224.07M | 239.12M | 446.42M | 536.32M |
| Gross Profit | 37.84M | 19.19M | 69.66M | 85.34M | 225.79M | 243.59M |
| EBITDA | -82.12M | -102.22M | -60.51M | -42.06M | 66.74M | 103.29M |
| Net Income | -85.92M | -115.36M | -51.99M | -38.88M | 99.17M | 75.74M |
Balance Sheet | ||||||
| Total Assets | 430.58M | 458.26M | 586.17M | 641.03M | 816.29M | 772.45M |
| Cash, Cash Equivalents and Short-Term Investments | 231.54M | 256.08M | 327.16M | 396.70M | 581.89M | 480.45M |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | 38.26M | 34.09M | 45.40M | 55.14M | 100.18M | 98.22M |
| Stockholders Equity | 392.32M | 424.18M | 540.78M | 585.88M | 716.11M | 674.23M |
Cash Flow | ||||||
| Free Cash Flow | -58.89M | -61.57M | -81.82M | -94.98M | 121.49M | 132.87M |
| Operating Cash Flow | -58.87M | -61.52M | -61.73M | -87.54M | 130.35M | 140.72M |
| Investing Cash Flow | 83.30M | 23.06M | -13.44M | -63.66M | 161.74M | -49.55M |
| Financing Cash Flow | 0 | -1.13M | 0 | -90.32M | -63.22M | 1.13M |
Alpha Microelectronics Corp. Peers Comparison
Overall Rating
TW:624654Neutral
TW:315051Neutral
TW:328841Neutral- TW:802433Underperform
TW:524524Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:6246 | 54Neutral | TWD 503.42M | 67.75 | ― | ― | -11.74% | ― |
| TW:3150 | 51Neutral | TWD 633.25M | -31.90 | ― | 3.65% | -9.79% | -169.85% |
| TW:3288 | 41Neutral | TWD 310.40M | -59.62 | ― | ― | -7.11% | -9835.48% |
| TW:8024 | 33Underperform | TWD 485.47M | -5.74 | ― | ― | -11.40% | 7.18% |
| TW:5245 | 24Underperform | TWD 741.85M | -4.37 | ― | ― | -19.50% | -4.71% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:8024 | Alpha Microelectronics Corp. | 10.65 | -2.55 | -19.32% | |
| TW:3150 | Syncomm Technology Corp. | 13.70 | -5.26 | -27.74% | |
| TW:3288 | Silicon Touch Technology Inc. | 18.05 | 1.95 | 12.11% | |
| TW:5245 | Wisechip Semiconductor Inc. | 18.10 | -4.00 | -18.10% | |
| TW:5248 | Pixon Technologies Corporation | 19.10 | -3.95 | -17.14% | |
| TW:6246 | Taiwan Thick-Film Ind. Corp. | 13.55 | -1.15 | -7.82% |
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