Panram International Corp. AI Stock Analysis
Panram International Corp. (8088) AI Stock Analysis
Panram International Corp.
(TPEx:8088)
Panram earns a middling score. The dominant driver is financial performance: a conservatively capitalized balance sheet with very low leverage and a genuine earnings recovery are offset by a significant cash burn, as nearly NT$400 million of negative free cash flow accompanied the profit rebound and pushed debt higher. Technicals are the next biggest drag, with the shares well below all major moving averages and a negative MACD signalling an entrenched downtrend, although deeply oversold RSI and Stochastic readings suggest the decline is extended. Valuation partially offsets these concerns, with a modest 12.7x P/E and an attractive 4.2% dividend yield. Overall, a financially sound but highly cyclical hardware supplier that is cheap for a reason — cash conversion and a trend reversal are the key things to watch.
Panram International Corp. (8088) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 2.26B
- Dividend Yield
- 4.10%
- Average Volume (3M)
- 445.43K
- Price to Earnings (P/E)
- 12.5
- Beta (1Y)
- 1.12
- Revenue Growth
- 61.53%
- EPS Growth
- 754.38%
- Country
- TW
- Employees
- 475
- Sector
- General
- Sector Strength
- 55
- Industry
- Computer Hardware
Panram International Corp. Business Overview & Revenue Model
Company Description
Panram International Corp., a Taiwan-based enterprise, specializes in the development, production, and distribution of memory modules, flash memory products, and associated application solutions. It further provides comprehensive original design manu...
Panram International Corp. Financial Statement Overview
Summary
A mixed picture. The balance sheet is the standout strength (score 79): equity funds roughly 80% of assets and debt-to-equity is just 0.12, giving Panram a solid cushion through the memory cycle. Earnings momentum is also improving (score 62), with revenue up about 23% to NT$1.68 billion, gross margin widening from 0.3% to 10.9%, and net income rising roughly tenfold to NT$104 million — though revenue and margins remain below 2022–2023 peaks and results are highly cyclical. The clear weak spot is cash flow (score 26): despite reporting a profit, the company burned NT$366 million in operating cash and NT$399 million in free cash flow as working capital expanded, with borrowings rising from a negligible base to fund it. The key question is whether the profit rebound converts into cash.
Income Statement
62PositiveBalance Sheet
79PositiveCash Flow
26Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.95B | 1.68B | 1.08B | 1.52B | 1.76B | 1.84B |
| Gross Profit | 282.04M | 182.75M | 3.47M | 244.26M | 318.19M | 210.47M |
| EBITDA | 269.83M | 188.84M | 81.34M | 274.73M | 355.07M | 253.47M |
| Net Income | 182.44M | 103.50M | 10.04M | 159.25M | 211.98M | 99.87M |
Balance Sheet | ||||||
| Total Assets | 1.55B | 1.38B | 1.16B | 1.37B | 1.41B | 1.19B |
| Cash, Cash Equivalents and Short-Term Investments | 247.68M | 74.85M | 383.26M | 540.06M | 570.46M | 317.49M |
| Total Debt | 233.18M | 137.05M | 18.89M | 8.93M | 17.28M | 30.27M |
| Total Liabilities | 429.01M | 274.62M | 136.54M | 205.69M | 260.60M | 184.47M |
| Stockholders Equity | 1.12B | 1.10B | 1.02B | 1.17B | 1.15B | 1.00B |
Cash Flow | ||||||
| Free Cash Flow | -231.41M | -398.85M | 14.59M | 126.64M | 340.85M | 131.38M |
| Operating Cash Flow | -199.00M | -366.14M | 53.53M | 168.55M | 408.07M | 225.52M |
| Investing Cash Flow | -30.50M | -33.79M | -39.23M | -40.57M | -65.23M | -132.11M |
| Financing Cash Flow | 190.37M | 89.36M | -171.10M | -158.38M | -89.87M | -455.24M |
Panram International Corp. Peers Comparison
Overall Rating
- TW:808858Neutral
TW:623356Neutral
TW:320734Underperform
TW:322431Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:8088 | 58Neutral | TWD 2.30B | 12.53 | ― | 4.10% | 61.53% | 754.38% |
| TW:6233 | 56Neutral | TWD 2.74B | 68.37 | ― | 2.13% | 2.62% | ― |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:3207 | 34Underperform | TWD 1.96B | -13.53 | ― | ― | 17.17% | -859.04% |
| TW:3224 | 31Underperform | TWD 2.31B | -37.97 | ― | ― | 18.12% | -31.75% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:8088 | Panram International Corp. | 36.55 | -10.34 | -22.05% | |
| TW:3207 | Yao Sheng Electronic Co., Ltd. | 28.95 | -37.05 | -56.14% | |
| TW:3224 | Metatech (Ap) Inc. | 29.95 | -19.95 | -39.98% | |
| TW:5262 | Gigastone Corp. | 45.10 | 8.83 | 24.36% | |
| TW:6233 | Prolific Technology Inc. | 35.25 | 15.55 | 78.97% | |
| TW:7945 | Qsan Technology, Inc. | 191.00 | -104.00 | -35.25% |
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