Feedback Technology Corp. (8091) AI Stock Analysis

Feedback Technology Corp.

(TPEx:8091)

Select Model

Rating:61Neutral

Price Target:TWD 166.00▼(-2.92% Downside)

Action:initiatedcoverage

Date:11/09/26

Feedback Technology earns a mid-range score. Its strongest attribute is a conservative balance sheet — low debt-to-equity of 0.24 and equity funding roughly 72% of assets — paired with reliable operating cash flow that exceeds reported earnings. These strengths are tempered by three consecutive years of margin compression, a ~19% drop in net income despite higher revenue, return on equity halving since 2022, and free cash flow cut nearly in half by heavy capital spending. The share price is also in a clear downtrend, sitting well below all key moving averages with negative MACD, though deeply oversold RSI and Stochastic readings suggest selling may be extended. A P/E of 16.8 and 2.68% dividend yield offer some valuation support. Margin recovery or a step-down in capex would be the key catalysts for a higher score.

Positive Factors

Solid ProfitabilityHealthy operating and net margins indicate that Feedback Technology retains meaningful earnings power from its electronics-related activities. This profitability provides internal funding capacity, supports resilience through normal industry cycles, and gives management room to sustain operations and selective investment.

Negative Factors

Free Cash Flow DeteriorationThe sharp reduction in free cash flow and weaker conversion from earnings raise concerns about the quality and flexibility of cash generation. If sustained, higher reinvestment needs or working-capital pressure could reduce funds available for debt reduction, dividends, or strategic growth.

Feedback Technology Corp. (8091) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 10.39B
Dividend Yield: 2.46%
Average Volume (3M): 390.37K
Price to Earnings (P/E): 18.0
Beta (1Y): 1.16
Revenue Growth: 44.58%
EPS Growth: 102.56%
Country: TW
Employees: 450
Sector: General
Sector Strength: 55
Industry: Industrial - Machinery

Feedback Technology Corp. Business Overview & Revenue Model

Company Description

Feedback Technology Corp., established in 1991 and headquartered in Hsinchu City, Taiwan, operates as a primary manufacturer and supplier of advanced components. The company caters to a broad spectrum of high-tech industries within Taiwan, encompassi...

Feedback Technology Corp. Financial Statement Overview

Summary

Feedback Technology is financially sound but decelerating. The balance sheet is the standout (score 73): debt-to-equity of just 0.24, equity funding ~72% of assets, and slightly reduced debt — though equity shrank and return on equity has halved to 8.5% from 15.1% in 2022. The income statement (62) shows steady ~10% compounded revenue growth to NT$2.14bn, but gross margin has slipped from 38.7% to 32.4%, net margin from 22.2% to 14.2%, and net income fell ~19% to NT$304m despite higher sales; a rebound in EBIT to NT$390m is a partial offset. Cash flow (61) remains dependable at NT$482m from operations (~1.6x net income), but heavy capex cut free cash flow ~47% to NT$119m, only about 25% of net income. Overall: low leverage and solid cash generation, offset by three years of margin compression and thin, volatile free cash flow.

Income Statement

62Positive

Balance Sheet

73Positive

Cash Flow

61Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.66B	2.14B	2.00B	1.81B	2.00B	1.62B
Gross Profit	967.63M	693.92M	682.38M	642.43M	771.67M	543.67M
EBITDA	721.20M	544.32M	629.65M	551.53M	711.41M	441.61M
Net Income	511.66M	304.23M	375.42M	284.68M	444.07M	267.28M
Balance Sheet
Total Assets	5.65B	4.97B	5.16B	4.25B	4.23B	3.49B
Cash, Cash Equivalents and Short-Term Investments	1.70B	1.53B	2.13B	1.25B	1.30B	833.68M
Total Debt	593.24M	863.98M	898.56M	751.51M	825.09M	467.23M
Total Liabilities	1.40B	1.34B	1.32B	1.14B	1.29B	893.49M
Stockholders Equity	4.20B	3.59B	3.81B	3.10B	2.94B	2.59B
Cash Flow
Free Cash Flow	146.84M	119.16M	338.20M	306.35M	205.62M	-49.54M
Operating Cash Flow	361.05M	481.71M	492.79M	393.01M	558.18M	295.55M
Investing Cash Flow	-246.13M	-492.23M	99.21M	-61.98M	-450.16M	-334.46M
Financing Cash Flow	237.69M	-569.94M	480.62M	-405.62M	247.20M	34.27M

Feedback Technology Corp. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:8091 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:3551	66Neutral	TWD 10.28B	17.61	―	2.91%	21.43%	45.00%
TW:8091	61Neutral	TWD 9.61B	18.02	―	2.46%	44.58%	102.56%
TW:6261	59Neutral	TWD 8.52B	13.26	―	3.77%	13.87%	34.24%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:6207	44Neutral	TWD 9.82B	67.61	―	0.57%	-6.64%	34.89%
TW:2369	38Underperform	TWD 9.68B	68.90	―	1.16%	31.46%	―
TW:6706	38Underperform	TWD 9.54B	-36.76	―	―	-40.08%	16.61%

* General Sector Average

Performance Comparison

TW:8091 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:8091	Feedback Technology Corp.	171.00	60.88	55.29%
TW:2369	Lingsen Precision Industries, Ltd.	25.85	2.65	11.42%
TW:3551	Shih-her Technologies, Inc.	165.00	4.50	2.80%
TW:6207	Laser Tek Taiwan Co., Ltd.	105.50	55.86	112.55%
TW:6261	Youngtek Electronics Corporation	66.30	8.41	14.53%
TW:6706	Fittech Co., Ltd.	121.50	41.40	51.69%

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

Feedback Technology Corp. AI Stock Analysis