Nexcom International Co., Ltd. (8234) AI Stock Analysis

Nexcom International Co., Ltd.

(TPEx:8234)

Select Model

Rating:43Neutral

Price Target:TWD 47.00▼(-8.02% Downside)

Action:initiatedcoverage

Date:11/10/26

The score is primarily constrained by weak profitability and deteriorating cash generation. Bearish technical trends and expensive valuation add pressure, while the relatively solid balance sheet and oversold indicators provide only limited support.

Positive Factors

Industrial Computing PositionNexcom operates across industrial PCs, embedded systems, network appliances, and edge computing, serving multiple industrial applications. This diversified solution set can support durable customer relevance and reduce reliance on a single end market as automation and connected infrastructure develop.

Negative Factors

Declining Revenue and MarginsTwo consecutive years of revenue contraction combined with sharply lower net margins show that recent operating performance has weakened materially. Persistent pressure on sales and profitability can reduce reinvestment capacity, limit operating leverage, and make earnings recovery more dependent on an improvement in end-market demand.

Nexcom International Co., Ltd. (8234) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 7.24B
Dividend Yield: 0.78%
Average Volume (3M): 443.52K
Price to Earnings (P/E): 79.4
Beta (1Y): 0.89
Revenue Growth: 4.36%
EPS Growth: -21.02%
Country: TW
Employees: 849
Sector: General
Sector Strength: 55
Industry: Computer Hardware

Nexcom International Co., Ltd. Business Overview & Revenue Model

Company Description

NEXCOM International Co., Ltd., along with its affiliated entities, specializes in delivering a diverse array of advanced technological solutions. These offerings primarily span areas such as Internet of Things (IoT) automation, sophisticated video s...

Nexcom International Co., Ltd. Financial Statement Overview

Summary

Weak overall financial performance: income statement score 35 and cash flow score 30 reflect declining revenue, low profitability, and a 99.2% free-cash-flow decline. The balance sheet is stronger, with a score of 65 and improving debt-to-equity, but low ROE limits the assessment.

Income Statement

35Negative

Balance Sheet

65Positive

Cash Flow

30Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	5.39B	5.70B	5.42B	5.77B	7.92B	6.78B
Gross Profit	1.25B	1.45B	1.30B	1.61B	2.01B	1.56B
EBITDA	74.69M	243.77M	194.07M	501.39M	1.70B	484.75M
Net Income	-29.64M	54.59M	84.89M	178.79M	902.19M	141.54M
Balance Sheet
Total Assets	7.15B	6.05B	6.73B	6.96B	8.84B	7.98B
Cash, Cash Equivalents and Short-Term Investments	767.78M	838.93M	1.49B	1.70B	1.46B	709.44M
Total Debt	2.31B	1.59B	1.87B	2.14B	3.02B	3.20B
Total Liabilities	4.06B	2.92B	3.50B	3.64B	5.31B	5.15B
Stockholders Equity	3.03B	3.09B	3.17B	3.20B	3.44B	2.63B
Cash Flow
Free Cash Flow	-1.03B	3.23M	-26.87M	1.22B	309.94M	-656.39M
Operating Cash Flow	-782.30M	159.66M	101.59M	1.30B	428.08M	-559.62M
Investing Cash Flow	-272.44M	-207.65M	119.57M	269.31M	479.06M	-66.68M
Financing Cash Flow	689.42M	-572.44M	-462.40M	-1.34B	-199.91M	521.51M

Nexcom International Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:8234 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:3213	76Outperform	TWD 6.87B	10.68	―	5.98%	12.98%	39.71%
TW:3479	59Neutral	TWD 7.72B	14.40	―	4.34%	10.71%	1.91%
TW:2397	56Neutral	TWD 6.35B	16.57	―	4.41%	16.92%	-16.99%
TW:6416	56Neutral	TWD 7.66B	20.00	―	2.68%	22.37%	69.38%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:8234	43Neutral	TWD 7.22B	79.36	―	0.78%	4.36%	-21.02%
TW:3032	39Underperform	TWD 7.51B	-21.21	―	4.11%	41.24%	-89.74%

* General Sector Average

Performance Comparison

TW:8234 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:8234	Nexcom International Co., Ltd.	51.10	-23.24	-31.26%
TW:2397	DFI Inc.	55.60	-3.86	-6.49%
TW:3032	Compucase Enterprise Co., Ltd.	66.30	-24.20	-26.74%
TW:3213	Mildef Crete Inc.	117.00	19.94	20.54%
TW:3479	Avalue Technology Inc.	106.50	1.91	1.83%
TW:6416	Caswell, Inc.	104.50	26.99	34.82%

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

Nexcom International Co., Ltd. AI Stock Analysis