Apacer Technology Inc. AI Stock Analysis
Apacer Technology Inc. (8271) AI Stock Analysis
Apacer Technology Inc.
(TWSE:8271)
Apacer earns a moderate score. The dominant factor is a split financial profile: record revenue, a 45.2% gross margin and ~87% ROE are offset by negative operating and free cash flow, meaning strong reported profits are not converting into cash, plus a sharp rise in debt to NT$4.53B. Technicals are the second drag, with the shares below all major moving averages and a negative MACD signalling an entrenched downtrend. The main offset is valuation — a P/E of 3.17 and a 2.66% dividend yield provide downside support, though the multiple rests on peak-cycle memory pricing. Overall, a high-momentum, high-cyclicality story where earnings quality and price trend must improve before the cheap valuation can be fully trusted.
Apacer Technology Inc. (8271) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 21.45B
- Dividend Yield
- 2.67%
- Average Volume (3M)
- 2.17M
- Price to Earnings (P/E)
- 3.1
- Beta (1Y)
- 0.94
- Revenue Growth
- 181.71%
- EPS Growth
- 1352.87%
- Country
- TW
- Employees
- 469
- Sector
- General
- Sector Strength
- 55
- Industry
- Semiconductors
Apacer Technology Inc. Business Overview & Revenue Model
Company Description
Apacer Technology Inc., headquartered in New Taipei City, Taiwan, was founded in 1997. The company specializes in the research, development, manufacturing, and global distribution of a diverse range of digital storage and Internet of Things (IoT) sol...
Apacer Technology Inc. Financial Statement Overview
Summary
A tale of two halves. The income statement is exceptional (score 89): TTM revenue of NT$28.4B, gross margin expanding to 45.2% from 20.7%, EBIT margin of 31.6% and net income of NT$6.98B versus NT$0.86B for full-year 2025 — clear evidence of a powerful memory upcycle and strong operating leverage. The balance sheet is adequate (score 73), with equity doubling to NT$11.5B and ROE near 87%, but total debt has risen thirteen-fold to NT$4.53B in under two years (D/E 0.39x versus a near debt-free past). The decisive weakness is cash flow (score 22): operating cash flow of negative NT$1.37B and free cash flow of negative NT$1.79B despite record profits, driven by a large inventory and receivables build. Earnings quality is therefore questionable, and results reflect peak-cycle conditions rather than a durable baseline.
Income Statement
89Very PositiveBalance Sheet
73PositiveCash Flow
22Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 28.44B | 11.12B | 7.84B | 7.63B | 8.80B | 8.68B |
| Gross Profit | 12.84B | 2.31B | 1.30B | 1.78B | 1.69B | 1.45B |
| EBITDA | 9.09B | 1.11B | 450.18M | 843.66M | 788.99M | 641.83M |
| Net Income | 6.98B | 859.88M | 278.96M | 553.05M | 559.13M | 485.79M |
Balance Sheet | ||||||
| Total Assets | 23.75B | 9.29B | 6.21B | 6.37B | 6.02B | 4.88B |
| Cash, Cash Equivalents and Short-Term Investments | 3.58B | 1.33B | 2.56B | 2.63B | 2.80B | 861.25M |
| Total Debt | 4.53B | 1.70B | 351.93M | 127.27M | 169.27M | 284.91M |
| Total Liabilities | 11.94B | 4.14B | 1.59B | 1.91B | 1.72B | 1.79B |
| Stockholders Equity | 11.55B | 5.03B | 4.51B | 4.31B | 4.16B | 3.09B |
Cash Flow | ||||||
| Free Cash Flow | -1.79B | -2.17B | -185.28M | 345.07M | 1.76B | -346.52M |
| Operating Cash Flow | -1.37B | -2.13B | -154.85M | 381.84M | 1.80B | -321.34M |
| Investing Cash Flow | -315.21M | 873.79M | 98.36M | -228.77M | -917.46M | 421.57M |
| Financing Cash Flow | 3.81B | 978.45M | 39.46M | -507.34M | -144.07M | -62.34M |
Apacer Technology Inc. Peers Comparison
Overall Rating
TW:496769Neutral
TW:351567Neutral- TW:827161Neutral
TW:616656Neutral
TW:657956Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:4967 | 69Neutral | TWD 25.40B | 2.58 | ― | 3.28% | 90.94% | 3193.74% |
| TW:3515 | 67Neutral | TWD 25.14B | 13.11 | ― | 5.41% | 24.91% | 21.20% |
| TW:8271 | 61Neutral | TWD 21.58B | 3.07 | ― | 2.67% | 181.71% | 1352.87% |
| TW:6166 | 56Neutral | TWD 19.80B | 17.67 | ― | 1.32% | 31.89% | 141.45% |
| TW:6579 | 56Neutral | TWD 22.88B | 13.42 | ― | 2.78% | 27.97% | 109.74% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:8271 | Apacer Technology Inc. | 166.50 | 51.69 | 45.02% | |
| TW:3515 | ASRock Incorporation | 203.50 | -66.67 | -24.68% | |
| TW:4967 | Team Group Inc. | 263.00 | 118.67 | 82.22% | |
| TW:6166 | Adlink Technology Inc. | 90.90 | 33.32 | 57.85% | |
| TW:6579 | AAEON Technology Inc. | 135.00 | 19.19 | 16.57% | |
| TW:7805 | QNAP Systems, Inc. | 383.50 | -182.87 | -32.29% |
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