CoAsia Electronics Corp. (8096) AI Stock Analysis

CoAsia Electronics Corp.

(TPEx:8096)

Select Model

Rating:42Neutral

Price Target:TWD 60.00▼(-18.37% Downside)

Action:initiatedcoverage

Date:11/09/26

CoAsia Electronics scores low primarily on financial quality: despite record revenue growth, margins are razor-thin (0.38% net margin), net profit fell nearly 73% year over year, and debt sits at roughly 1.8x equity with return on equity down to 5%. The 2025 swing to positive free cash flow is a genuine bright spot, but history shows cash burn during growth phases, which is a concern alongside the heavy leverage. Technicals reinforce the caution — the share price sits far below all major moving averages with deeply negative MACD, indicating a sustained downtrend, though oversold RSI and Stochastic readings hint at the potential for a near-term bounce. Valuation is neutral at best: an 18.5x P/E on depressed earnings and a sub-1% dividend yield offer limited support. Evidence of durable margin improvement and repeat positive cash flow would be needed to justify a higher score.

Positive Factors

Revenue GrowthRevenue growth across 2024 and 2025, including a sharp 2025 acceleration, indicates improving demand or pricing and gives the company a stronger base for future scale. If sustained, higher sales can support better operating leverage and reinforce its position with downstream electronics customers.

Negative Factors

High LeveragePersistent debt well above equity reduces financial flexibility in a cyclical semiconductor environment. Higher leverage can constrain investment and capital allocation, while increasing the company’s exposure to earnings downturns and making balance-sheet resilience more dependent on continued operating recovery.

CoAsia Electronics Corp. (8096) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 11.02B
Dividend Yield: 0.68%
Average Volume (3M): 2.99M
Price to Earnings (P/E): 21.2
Beta (1Y): 1.45
Revenue Growth: 16.50%
EPS Growth: 33.43%
Country: TW
Employees: 112
Sector: General
Sector Strength: 55
Industry: Semiconductors

CoAsia Electronics Corp. Business Overview & Revenue Model

Company Description

CoAsia Electronics Corp., headquartered in Taipei, Taiwan, has been supplying a diverse range of electronic components since its establishment in 1997. Operating across key international markets including Taiwan, China, the United States, Southeast A...

CoAsia Electronics Corp. Financial Statement Overview

Summary

Revenue momentum is genuinely strong, with sales up roughly 23% to a record NT$34.7 billion after a 25.9% gain the prior year, and 2025 cash generation turned firmly positive (operating cash flow of NT$675 million and free cash flow of NT$674 million versus outflows in 2024). However, the quality of earnings is weak: gross margin is just 3.6%, net margin only 0.38%, and net profit fell nearly 73% to NT$133 million despite higher sales. The balance sheet is leverage-heavy with debt-to-equity near 1.82, equity funding only about 31% of assets, and return on equity dropping to 5.0% from 18.3%. Free cash flow has also been negative in four of the last five years, making cash durability the key risk in a cyclical, working-capital-intensive distribution model.

Income Statement

38Negative

Balance Sheet

37Negative

Cash Flow

45Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	40.82B	34.70B	28.25B	22.44B	23.42B	29.20B
Gross Profit	1.43B	1.26B	817.39M	581.33M	636.51M	959.30M
EBITDA	834.06M	489.51M	864.47M	-217.63M	64.20M	311.43M
Net Income	539.89M	132.58M	488.21M	-460.08M	1.11M	164.32M
Balance Sheet
Total Assets	26.40B	8.58B	9.35B	8.03B	6.46B	8.28B
Cash, Cash Equivalents and Short-Term Investments	2.38B	1.60B	1.18B	1.20B	1.26B	998.65M
Total Debt	15.06B	4.84B	4.94B	4.30B	3.06B	4.33B
Total Liabilities	23.30B	5.91B	6.69B	5.93B	3.90B	5.80B
Stockholders Equity	3.10B	2.67B	2.66B	2.11B	2.57B	2.48B
Cash Flow
Free Cash Flow	-10.67B	674.02M	-413.91M	-1.27B	1.47B	-1.00B
Operating Cash Flow	-10.67B	675.48M	-408.85M	-1.26B	1.53B	-971.26M
Investing Cash Flow	-42.43M	-68.34M	-299.13M	-5.34M	-139.99M	-20.43M
Financing Cash Flow	11.53B	-151.10M	522.14M	1.21B	-1.48B	949.43M

CoAsia Electronics Corp. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:8096 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:6202	62Neutral	TWD 10.46B	27.56	―	1.48%	15.45%	170.25%
TW:8091	61Neutral	TWD 9.61B	15.65	―	2.35%	44.58%	102.56%
TW:3209	59Neutral	TWD 11.57B	8.01	―	4.20%	22.25%	199.92%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:3455	50Neutral	TWD 11.27B	55.20	―	1.82%	-21.50%	-50.50%
TW:3545	45Neutral	TWD 10.24B	-9.02	―	1.79%	-20.71%	-280.66%
TW:8096	42Neutral	TWD 10.41B	21.18	―	0.68%	16.50%	33.43%

* General Sector Average

Performance Comparison

TW:8096 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:8096	CoAsia Electronics Corp.	73.50	17.88	32.14%
TW:3209	Alltek Technology Corp.	47.60	17.38	57.53%
TW:3455	UTECHZONE Co., Ltd.	192.00	106.96	125.77%
TW:3545	FocalTech Systems Co., Ltd.	45.55	-8.55	-15.81%
TW:6202	Holtek Semiconductor Inc.	46.10	7.27	18.72%
TW:8091	Feedback Technology Corp.	179.50	62.01	52.78%

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

CoAsia Electronics Corp. AI Stock Analysis