ACME Electronics Corporation (8121) AI Stock Analysis

ACME Electronics Corporation

(TPEx:8121)

Select Model

Rating:37Underperform

Price Target:TWD 21.50▼(-9.09% Downside)

Action:initiatedcoverage

Date:11/10/26

The stock scores at the lowest possible level, reflecting severe fundamental and technical distress. The company is unprofitable, highly leveraged, and burning cash, while the stock price is in a strong downtrend with deeply oversold, yet still declining, momentum indicators. The lack of earnings and no valuation support from dividends leaves no positive catalysts to offset the pervasive weakness.

Positive Factors

Revenue GrowthReported revenue growth indicates the company has maintained meaningful top-line expansion, which can support operating scale and broader market reach. If sustained, this growth provides a foundation for rebuilding profitability and funding strategic investment over the next several quarters.

Negative Factors

Volatile ProfitabilityThe shift from solid profitability to a net loss demonstrates that earnings are not yet stable across operating conditions. Negative operating profit and lower gross margin weaken confidence in pricing power and cost control, making future earnings less predictable.

ACME Electronics Corporation (8121) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 5.14B
Dividend Yield: ―
Average Volume (3M): 752.47K
Price to Earnings (P/E): -267.8
Beta (1Y): 1.32
Revenue Growth: 19.70%
EPS Growth: 83.81%
Country: TW
Employees: 2,374
Sector: General
Sector Strength: 55
Industry: Hardware, Equipment & Parts

ACME Electronics Corporation Business Overview & Revenue Model

Company Description

Acme Electronics Corporation, founded in 1991 and headquartered in Taipei, Taiwan, specializes in the manufacturing and distribution of soft ferrite products. The company provides various ferrite materials, including manganese-zinc (Mn-Zn), nickel-zi...

ACME Electronics Corporation Financial Statement Overview

Summary

Financial health is critically weak. The company is unprofitable with negative net income and EBIT margins, gross margins are compressing, and it carries a high debt-to-equity ratio of 1.22. Positive operating cash flow is entirely consumed by capex, resulting in persistent negative free cash flow, indicating poor financial flexibility.

Income Statement

28Negative

Balance Sheet

35Negative

Cash Flow

30Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.37B	3.07B	3.10B	2.55B	3.06B	3.07B
Gross Profit	608.73M	509.24M	637.79M	237.50M	519.97M	617.70M
EBITDA	432.16M	314.15M	507.91M	78.58M	320.84M	363.17M
Net Income	16.50M	-66.38M	155.30M	-171.22M	16.35M	59.33M
Balance Sheet
Total Assets	5.67B	5.67B	5.61B	4.58B	4.78B	4.34B
Cash, Cash Equivalents and Short-Term Investments	638.00M	800.32M	749.72M	477.05M	506.23M	692.75M
Total Debt	2.29B	2.39B	2.25B	1.75B	2.25B	1.72B
Total Liabilities	2.93B	2.98B	2.86B	2.25B	2.79B	2.41B
Stockholders Equity	2.02B	1.96B	2.02B	1.77B	1.38B	1.34B
Cash Flow
Free Cash Flow	-189.75M	-134.43M	-454.46M	-97.53M	-701.82M	-417.94M
Operating Cash Flow	124.03M	186.29M	315.69M	398.34M	-80.49M	71.34M
Investing Cash Flow	-375.21M	-388.72M	-773.47M	-495.29M	-617.33M	-488.34M
Financing Cash Flow	46.66M	134.34M	645.34M	91.44M	496.65M	438.97M

ACME Electronics Corporation Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:8121 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:2413	51Neutral	TWD 6.07B	16.84	―	1.03%	7.73%	―
TW:6155	50Neutral	TWD 5.25B	38.21	―	1.44%	21.25%	186.54%
TW:6224	45Neutral	TWD 5.16B	50.00	―	2.08%	-8.16%	-47.96%
TW:4939	42Neutral	TWD 6.23B	71.63	―	0.41%	11.17%	―
TW:5392	41Neutral	TWD 5.71B	45.87	―	0.63%	-2.04%	―
TW:8121	37Underperform	TWD 5.14B	-267.84	―	―	19.70%	83.81%

* General Sector Average

Performance Comparison

TW:8121 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:8121	ACME Electronics Corporation	23.65	-4.15	-14.93%
TW:2413	Universal Microelectronics Co., Ltd.	48.50	28.18	138.74%
TW:4939	Asia Electronic Material Co., Ltd.	61.60	36.62	146.58%
TW:5392	Abico Avy Co., Ltd.	31.65	-13.36	-29.68%
TW:6155	King Core Electronics Inc.	55.40	18.34	49.50%
TW:6224	Polytronics Technology Corp.	60.00	15.39	34.49%

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 10, 2026

ACME Electronics Corporation AI Stock Analysis