Micro Silicon Electronics Co Ltd (8162) AI Stock Analysis

Micro Silicon Electronics Co Ltd

(TWSE:8162)

Select Model

Rating:52Neutral

Price Target:TWD 52.00▼(-5.63% Downside)

Action:initiatedcoverage

Date:11/10/26

The score is primarily constrained by weak revenue trends, negative free cash flow, and bearish technical momentum. A relatively sound balance sheet, positive operating cash flow, oversold indicators, and a moderate dividend yield provide some support, but the high P/E limits the upside case.

Positive Factors

Profitability ReboundThe return to positive earnings and solid current operating margins shows that the company retains the ability to generate profits after its 2023 loss. If maintained, this recovery can support reinvestment, strengthen resilience through the cycle, and provide a foundation for improving returns over the next several quarters.

Negative Factors

Severe Revenue CyclicalityThe sharp year-over-year revenue contraction demonstrates meaningful exposure to cyclical demand and makes the company’s earnings base less predictable. Volatile sales can reduce operating leverage, complicate capacity and investment planning, and make sustained margin improvement harder over the next several quarters.

Micro Silicon Electronics Co Ltd (8162) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 3.87B
Dividend Yield: 2.72%
Average Volume (3M): 242.78K
Price to Earnings (P/E): 42.1
Beta (1Y): 1.29
Revenue Growth: -0.61%
EPS Growth: -30.74%
Country: TW
Employees: 603
Sector: General
Sector Strength: 55
Industry: Semiconductors

Micro Silicon Electronics Co Ltd Business Overview & Revenue Model

Company Description

Micro Silicon Electronics Co., Ltd. provides semiconductor backend services in Taiwan, rest of Asia, the United States, and Europe. The company offers semiconductor testing services, such as CP and FT testing; wafer thinning services, including back...

Micro Silicon Electronics Co Ltd Financial Statement Overview

Summary

The balance sheet is relatively sound and operating cash flow is positive, but the sharp revenue decline, earnings volatility, rising leverage, and negative free cash flow weaken the financial outlook.

Income Statement

55Neutral

Balance Sheet

68Positive

Cash Flow

48Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Mar 2023	Dec 2021
Income Statement
Total Revenue	1.25B	1.27B	1.06B	904.88M	1.23B	1.29B
Gross Profit	269.97M	321.19M	212.37M	125.13M	403.31M	511.78M
EBITDA	388.99M	412.01M	366.91M	273.28M	532.98M	591.92M
Net Income	92.33M	107.54M	87.14M	-26.28M	168.34M	259.82M
Balance Sheet
Total Assets	2.58B	2.54B	2.44B	2.17B	2.18B	2.02B
Cash, Cash Equivalents and Short-Term Investments	343.05M	334.21M	335.03M	270.29M	340.98M	257.93M
Total Debt	807.98M	818.11M	662.05M	701.87M	533.31M	542.92M
Total Liabilities	1.14B	1.06B	993.75M	938.96M	827.80M	916.32M
Stockholders Equity	1.44B	1.48B	1.44B	1.23B	1.35B	1.10B
Cash Flow
Free Cash Flow	54.61M	-84.27M	-50.20M	-144.81M	-5.87M	217.71M
Operating Cash Flow	415.22M	405.94M	325.56M	261.83M	452.60M	530.56M
Investing Cash Flow	-363.29M	-523.34M	-345.09M	-406.75M	-430.60M	-293.55M
Financing Cash Flow	-35.42M	83.30M	84.07M	74.13M	61.06M	-127.16M

Micro Silicon Electronics Co Ltd Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:8162 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:6651	65Neutral	TWD 4.33B	14.28	―	3.20%	-2.52%	34.22%
TW:5299	64Neutral	TWD 4.05B	10.59	―	4.60%	-8.83%	69.15%
TW:6967	63Neutral	TWD 1.93B	12.11	―	5.50%	22.39%	53.47%
TW:3530	62Neutral	TWD 3.67B	17.20	―	1.67%	34.89%	―
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:3094	53Neutral	TWD 3.51B	57.99	―	0.56%	18.10%	175.45%
TW:8162	52Neutral	TWD 3.79B	42.13	―	2.72%	-0.61%	-30.74%

* General Sector Average

Performance Comparison

TW:8162 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:8162	Micro Silicon Electronics Co Ltd	55.10	21.05	61.80%
TW:3094	Davicom Semiconductor, Inc.	44.60	19.76	79.58%
TW:3530	Silicon Optronics, Inc.	48.00	-12.53	-20.71%
TW:5299	Excelliance MOS Corp.	79.60	7.94	11.09%
TW:6651	Cystech Electronics Corp.	125.00	53.20	74.11%
TW:6967	Trans-Sun Materials Technology Co., Ltd.	64.60	8.24	14.62%

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

Micro Silicon Electronics Co Ltd AI Stock Analysis