Ampire Co., Ltd. (8049) AI Stock Analysis

Ampire Co., Ltd.

(TPEx:8049)

Select Model

Rating:67Neutral

Price Target:TWD 24.00▲(6.19% Upside)

Action:initiatedcoverage

Date:11/10/26

The overall score of 67 reflects a company with strong fundamentals and attractive valuation that is currently under severe technical pressure. The primary strengths are the rock-solid balance sheet and a very high dividend yield, which provide a margin of safety. These are offset by extremely weak price momentum and an oversold condition, which are the most significant current risks. The recovery in profit margins is a positive secondary factor, but the volatile revenue history adds a note of caution.

Positive Factors

Very Conservative Balance SheetExtremely low leverage gives Ampire substantial financial flexibility and downside protection. A balance sheet with limited debt can support continued operations through weaker demand, reduce financing pressure, and preserve capacity for investment or shareholder distributions over the next several quarters.

Negative Factors

Volatile Revenue TrajectoryThe uneven revenue history makes future earnings growth less predictable than current margins alone imply. A modest recovery after material contraction suggests Ampire may need sustained demand improvement to build a durable growth base, leaving revenue stability as a continuing fundamental risk.

Ampire Co., Ltd. (8049) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 2.66B
Dividend Yield: 6.19%
Average Volume (3M): 133.39K
Price to Earnings (P/E): 11.4
Beta (1Y): 0.35
Revenue Growth: 4.38%
EPS Growth: 18.31%
Country: TW
Employees: 539
Sector: General
Sector Strength: 55
Industry: Hardware, Equipment & Parts

Ampire Co., Ltd. Business Overview & Revenue Model

Company Description

Ampire Co., Ltd. manufactures and sells liquid crystal display (LCD) modules for industrial applications in the Oceania, Taiwan, Asia, Africa, the Americas, and Europe. It offers TFT and UART modules, and touch panels, as well as graphic, character,...

Ampire Co., Ltd. Financial Statement Overview

Summary

Ampire's financial health is anchored by an exceptional, fortress-like balance sheet with negligible debt. Profitability is on a strong recovery trajectory in the TTM period, with expanding gross and net margins indicating improved cost control. However, revenue and cash flow generation remain volatile and below historical peaks, preventing a higher score.

Income Statement

72Positive

Balance Sheet

95Very Positive

Cash Flow

65Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.35B	1.31B	1.32B	2.09B	2.42B	2.03B
Gross Profit	412.13M	368.80M	363.84M	642.47M	691.11M	510.29M
EBITDA	307.91M	291.54M	392.31M	542.09M	596.45M	427.26M
Net Income	235.89M	203.01M	295.71M	401.17M	451.68M	309.08M
Balance Sheet
Total Assets	3.01B	2.72B	2.49B	2.56B	2.58B	2.47B
Cash, Cash Equivalents and Short-Term Investments	869.37M	929.13M	913.84M	942.57M	626.76M	676.41M
Total Debt	73.71M	69.31M	22.31M	43.19M	49.22M	68.70M
Total Liabilities	325.18M	336.28M	281.53M	356.34M	488.75M	465.99M
Stockholders Equity	2.69B	2.38B	2.21B	2.20B	2.09B	2.00B
Cash Flow
Free Cash Flow	192.02M	273.50M	218.94M	717.95M	334.91M	157.83M
Operating Cash Flow	214.51M	282.43M	259.57M	728.43M	372.75M	170.45M
Investing Cash Flow	-43.30M	-80.22M	35.23M	-387.99M	-95.79M	106.22M
Financing Cash Flow	-184.24M	-257.48M	-341.30M	-375.65M	-268.78M	-216.80M

Ampire Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:8049 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:6498	74Outperform	TWD 2.48B	5.88	―	8.18%	11.55%	0.64%
TW:4951	73Outperform	TWD 2.53B	12.05	―	5.99%	3.87%	39.70%
TW:8049	67Neutral	TWD 2.67B	11.36	―	6.19%	4.38%	18.31%
TW:3038	60Neutral	TWD 2.87B	15.37	―	6.43%	-9.99%	1.97%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:6588	36Underperform	TWD 2.67B	426.31	―	―	94.18%	―
TW:8104	33Underperform	TWD 2.74B	-31.81	―	0.37%	-25.80%	-414.29%

* General Sector Average

Performance Comparison

TW:8049 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:8049	Ampire Co., Ltd.	22.60	-1.22	-5.11%
TW:3038	Emerging Display Technologies Corp	18.65	-1.56	-7.73%
TW:4951	Feature Integration Technology Inc.	75.10	8.79	13.26%
TW:6498	POWERTIP IMAGE CORP	55.00	-32.45	-37.11%
TW:6588	East Tender Optoelectronics Corp.	79.00	50.75	179.65%
TW:8104	RiTdisplay Corp	26.30	-5.00	-15.97%

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

Ampire Co., Ltd. AI Stock Analysis