Harmony Electronics Corp AI Stock Analysis
Harmony Electronics Corp (8182) AI Stock Analysis
Harmony Electronics Corp
(TPEx:8182)
Harmony Electronics scores low primarily because of deteriorating operating performance: flat revenue, severe margin compression, an 82% drop in net income, and a swing to negative operating and free cash flow. Technicals reinforce the caution, with the share price below all major moving averages and a strongly negative MACD, though extremely oversold RSI and Stochastic readings hint at potential near-term stabilisation. Valuation offers little cushion, with a P/E near 28.7 against depressed earnings and a modest 0.88% dividend yield. The main mitigating factor is a conservative, lightly levered balance sheet with 63% equity funding, which gives management time to work through the downturn and limits solvency risk.
Harmony Electronics Corp (8182) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 3.30B
- Dividend Yield
- 0.82%
- Average Volume (3M)
- 1.01M
- Price to Earnings (P/E)
- 29.0
- Beta (1Y)
- 1.04
- Revenue Growth
- 2.58%
- EPS Growth
- -14.39%
- Country
- TW
- Employees
- 1,091
- Sector
- General
- Sector Strength
- 55
- Industry
- Hardware, Equipment & Parts
Harmony Electronics Corp Business Overview & Revenue Model
Company Description
Harmony Electronics Co. Ltd, established in 1976 and based in Kaohsiung, Taiwan, specializes in the global manufacturing and distribution of precision frequency control devices. The company's diverse product range encompasses quartz crystals, crystal...
Harmony Electronics Corp Financial Statement Overview
Summary
Financial results are weak overall. Revenue has stagnated near NT$2.87 billion and remains well below the 2021 peak, while margins compressed sharply (gross margin 14.2% from 23.8%, net margin 1.6% from 8.9%), driving net income down roughly 82% to NT$46.8 million. Cash flow is the biggest concern: operating cash flow swung to an outflow of NT$12.6 million and free cash flow turned negative at NT$126.5 million. The offset is a conservative balance sheet — 63% equity-funded, debt-to-equity of just 0.34 and improving — which limits financial distress risk, though return on equity has fallen to a negligible 1.3%.
Income Statement
38NegativeBalance Sheet
70PositiveCash Flow
30Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.89B | 2.87B | 2.93B | 2.71B | 2.88B | 3.60B |
| Gross Profit | 353.51M | 406.62M | 698.88M | 485.90M | 632.55M | 1.03B |
| EBITDA | 428.21M | 410.95M | 706.55M | 519.08M | 667.82M | 926.75M |
| Net Income | 112.02M | 46.78M | 261.46M | 124.45M | 267.35M | 509.64M |
Balance Sheet | ||||||
| Total Assets | 5.65B | 5.78B | 6.12B | 6.20B | 5.89B | 5.89B |
| Cash, Cash Equivalents and Short-Term Investments | 1.20B | 1.35B | 1.84B | 1.96B | 1.28B | 1.14B |
| Total Debt | 1.24B | 1.24B | 1.28B | 1.56B | 1.80B | 1.25B |
| Total Liabilities | 2.05B | 2.15B | 2.30B | 2.59B | 2.49B | 2.35B |
| Stockholders Equity | 3.59B | 3.63B | 3.81B | 3.61B | 3.39B | 3.53B |
Cash Flow | ||||||
| Free Cash Flow | -262.47M | -126.50M | 490.96M | 720.09M | -144.13M | -185.68M |
| Operating Cash Flow | -138.90M | -12.55M | 561.43M | 868.70M | 416.36M | 657.42M |
| Investing Cash Flow | -165.27M | -8.23M | -330.64M | 340.00K | -602.70M | -740.57M |
| Financing Cash Flow | -223.01M | -306.43M | -599.25M | -198.06M | 299.73M | 208.90M |
Harmony Electronics Corp Peers Comparison
Overall Rating
TW:333277Outperform
TW:348464Neutral
TW:626663Neutral
TW:628347Neutral- TW:818243Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:3332 | 77Outperform | TWD 2.88B | 15.19 | ― | 3.34% | 16.93% | 34.17% |
| TW:3484 | 64Neutral | TWD 3.26B | 11.90 | ― | 6.05% | -3.70% | -19.49% |
| TW:6266 | 63Neutral | TWD 3.32B | 11.20 | ― | 8.24% | -2.31% | -10.04% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:6283 | 47Neutral | TWD 2.63B | -69.85 | ― | ― | 10.14% | -154.85% |
| TW:8182 | 43Neutral | TWD 3.26B | 28.96 | ― | 0.82% | 2.58% | -14.39% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:8182 | Harmony Electronics Corp | 30.50 | 4.39 | 16.84% | |
| TW:3332 | Cincon Electronics Co., Ltd. | 59.80 | -2.68 | -4.29% | |
| TW:3484 | Solteam Incorporation | 41.35 | -5.30 | -11.35% | |
| TW:6266 | Top Union Electronics Corp. | 21.60 | -5.80 | -21.16% | |
| TW:6283 | Shun On Electronic Co., Ltd. | 18.00 | -7.00 | -28.00% | |
| TW:6775 | Entire Technology Co Ltd | 28.80 | -0.54 | -1.82% |
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