Allied Circuit Co., Ltd. (8155) AI Stock Analysis

Allied Circuit Co., Ltd.

(TPEx:8155)

Select Model

Rating:45Neutral

Price Target:TWD 215.00▼(-15.69% Downside)

Action:initiatedcoverage

Date:11/10/26

The overall score of 45 reflects a high-risk profile. The most significant factor is the company's critically weak cash flow generation, with deeply negative free cash flow that calls into question the sustainability of its operations and dividend. This is compounded by a persistent downtrend and bearish technical momentum, with the stock price trading far below its moving averages. While the balance sheet provides some stability and the valuation is not extreme, these positive factors are insufficient to offset the severe operational and market headwinds.

Positive Factors

Revenue RecoveryThe return to revenue growth after the 2023 decline indicates recovering demand for the company’s PCB products. Continued top-line expansion can improve operating leverage, support capacity utilization, and provide a foundation for rebuilding earnings over the next several quarters.

Negative Factors

Margin CompressionThe substantial decline in net margin reduces the earnings benefit of revenue growth and indicates that profitability is less durable than during prior peak periods. If margins remain pressured, Allied Circuit may have less cash available for investment, debt reduction, and shareholder returns.

Allied Circuit Co., Ltd. (8155) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 15.60B
Dividend Yield: 2.02%
Average Volume (3M): 696.93K
Price to Earnings (P/E): 20.5
Beta (1Y): 1.60
Revenue Growth: 36.42%
EPS Growth: 202.75%
Country: TW
Employees: 717
Sector: General
Sector Strength: 55
Industry: Hardware, Equipment & Parts

Allied Circuit Co., Ltd. Business Overview & Revenue Model

Company Description

Allied Circuit Co., Ltd., a Taiwanese company, specializes in the production and distribution of printed circuit boards (PCBs) for industrial and commercial sectors within Taiwan. The company's offerings include robust, high-reliability, and rigid mu...

Allied Circuit Co., Ltd. Financial Statement Overview

Summary

Financial performance is a major concern. While the balance sheet is solid with low leverage and growing equity (Score: 68), this is heavily offset by a very weak cash flow profile (Score: 25) and declining profitability (Score: 42). The deeply negative free cash flow and poor cash conversion indicate significant operational stress, outweighing the company's strong capitalization.

Income Statement

42Neutral

Balance Sheet

68Positive

Cash Flow

25Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	5.73B	4.95B	3.62B	2.89B	3.45B	2.90B
Gross Profit	1.33B	848.22M	580.00M	506.59M	975.63M	709.95M
EBITDA	1.07B	633.83M	461.76M	398.79M	816.60M	597.51M
Net Income	722.69M	376.18M	236.36M	204.12M	555.70M	390.43M
Balance Sheet
Total Assets	6.82B	5.97B	3.89B	3.35B	3.58B	3.36B
Cash, Cash Equivalents and Short-Term Investments	1.59B	1.50B	561.61M	667.20M	851.18M	703.62M
Total Debt	277.56M	918.55M	145.89M	188.98M	245.68M	257.98M
Total Liabilities	2.83B	2.74B	1.69B	1.21B	1.32B	1.41B
Stockholders Equity	3.84B	3.20B	2.20B	2.14B	2.26B	1.95B
Cash Flow
Free Cash Flow	-172.62M	-394.80M	122.21M	249.52M	460.97M	-56.56M
Operating Cash Flow	527.72M	122.02M	399.31M	495.64M	677.51M	129.70M
Investing Cash Flow	-558.00M	-491.00M	-277.76M	-243.16M	-216.52M	-187.52M
Financing Cash Flow	-388.31M	1.30B	-227.28M	-436.39M	-313.48M	-292.75M

Allied Circuit Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:8155 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:3526	68Neutral	TWD 14.57B	11.57	―	7.83%	24.44%	7.01%
TW:3013	67Neutral	TWD 16.34B	12.65	―	0.52%	18.56%	52.98%
TW:2402	57Neutral	TWD 15.03B	29.64	―	4.04%	12.55%	-38.30%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:4977	55Neutral	TWD 16.92B	53.26	―	1.14%	-25.66%	-39.19%
TW:8155	45Neutral	TWD 16.65B	20.48	―	2.02%	36.42%	202.75%
TW:4927	40Underperform	TWD 15.76B	-5.94	―	―	3.80%	-22.08%

* General Sector Average

Performance Comparison

TW:8155 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:8155	Allied Circuit Co., Ltd.	255.00	94.90	59.27%
TW:2402	ICHIA Technologies, Inc.	49.50	2.96	6.35%
TW:3013	Chenming Electronic Technology Corporation	74.50	-48.56	-39.46%
TW:3526	Alltop Technology Co. Ltd.	215.00	-9.72	-4.33%
TW:4927	Apex International Co., Ltd.	58.30	36.05	162.02%
TW:4977	PCL Technologies, Inc.	179.50	77.85	76.59%

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

Allied Circuit Co., Ltd. AI Stock Analysis