Phoenix Silicon International Corp. (8028) AI Stock Analysis

Phoenix Silicon International Corp.

(TWSE:8028)

Select Model

Rating:57Neutral

Price Target:TWD 185.00▼(-10.84% Downside)

Action:initiatedcoverage

Date:11/10/26

Strong profitability is the main support, but persistent negative free cash flow and meaningful leverage substantially reduce the score. Weak technical momentum and a relatively high P/E with a modest dividend yield add further pressure.

Positive Factors

Revenue and Margin ExpansionRevenue has expanded substantially while profitability improved, with 2025 gross, operating, and net margins reaching strong levels. This combination suggests better pricing, product mix, and cost control, supporting a stronger earnings base over the next several quarters.

Negative Factors

Elevated LeverageDebt exceeds equity, leaving the company more exposed to weaker semiconductor conditions or softer cash generation. Elevated leverage can reduce financial flexibility, increase funding obligations, and constrain the ability to invest or withstand a cyclical downturn.

Phoenix Silicon International Corp. (8028) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 36.97B
Dividend Yield: 1.30%
Average Volume (3M): 4.28M
Price to Earnings (P/E): 36.1
Beta (1Y): 1.53
Revenue Growth: 24.28%
EPS Growth: 51.82%
Country: TW
Employees: 888
Sector: General
Sector Strength: 55
Industry: Semiconductors

Phoenix Silicon International Corp. Business Overview & Revenue Model

Company Description

Phoenix Silicon International Corporation, headquartered in Hsinchu, Taiwan, is actively engaged in both the semiconductor and energy sectors. In its semiconductor division, the company provides a range of specialized wafer products. These include re...

Phoenix Silicon International Corp. Financial Statement Overview

Summary

Profitability is strong, with expanding margins and 2025 net income of 756.6 million. However, debt exceeds equity and free cash flow was negative in 2025 and four of six reported years, materially weakening the overall financial profile.

Income Statement

88Very Positive

Balance Sheet

62Positive

Cash Flow

38Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Mar 2023	Dec 2021
Income Statement
Total Revenue	5.11B	4.51B	3.55B	3.33B	3.14B	2.65B
Gross Profit	1.83B	1.53B	1.02B	756.52M	831.79M	666.64M
EBITDA	2.29B	1.90B	1.48B	1.23B	911.01M	848.79M
Net Income	1.02B	756.58M	491.90M	311.99M	325.25M	235.65M
Balance Sheet
Total Assets	13.96B	12.17B	9.56B	9.18B	8.60B	6.33B
Cash, Cash Equivalents and Short-Term Investments	972.55M	1.01B	1.29B	1.55B	1.07B	1.10B
Total Debt	6.05B	5.83B	4.53B	4.67B	4.83B	3.22B
Total Liabilities	7.85B	7.06B	5.44B	5.25B	5.61B	3.81B
Stockholders Equity	6.11B	5.11B	4.12B	3.94B	2.99B	2.52B
Cash Flow
Free Cash Flow	-1.92B	-1.75B	144.55M	-213.74M	-1.84B	-972.90M
Operating Cash Flow	1.15B	1.40B	1.49B	686.65M	775.06M	677.94M
Investing Cash Flow	-3.08B	-3.19B	-1.30B	-668.85M	-2.50B	-1.83B
Financing Cash Flow	2.05B	1.50B	-457.27M	462.99M	1.71B	1.09B

Phoenix Silicon International Corp. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:8028 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:8028	57Neutral	TWD 37.35B	36.07	―	1.30%	24.28%	51.82%
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:4991	54Neutral	TWD 42.26B	81.53	―	―	52.19%	―
TW:3016	44Neutral	TWD 34.46B	63.70	―	0.40%	29.78%	22824.42%
TW:6182	39Underperform	TWD 50.46B	360.65	―	―	9.40%	―

* General Sector Average

Performance Comparison

TW:8028 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:8028	Phoenix Silicon International Corp.	207.50	47.93	30.04%
TW:2329	Orient Semiconductor Electronics, Limited	37.00	-14.90	-28.70%
TW:3016	Episil-Precision, Inc.	125.00	72.69	138.95%
TW:4991	GCS Holdings, Inc.	357.00	191.17	115.28%
TW:6182	Wafer Works Corp.	85.50	55.95	189.29%
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

Phoenix Silicon International Corp. AI Stock Analysis