2115.Tw
The company operates in the Auto, Truck & Motorcycle Parts industry, manufacturing and supplying components for the automotive sector, primarily generating revenue through the sale of these parts to original equipment manufacturers and aftermarket channels.
Business. The company operates in the Auto, Truck & Motorcycle Parts industry, manufacturing and supplying components for the automotive sector, primarily generating revenue through the sale of these parts to original equipment manufacturers and aftermarket channels.
At a glance
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
The company operates in the Auto, Truck & Motorcycle Parts industry, manufacturing and supplying components for the automotive sector, primarily generating revenue through the sale of these parts to original equipment manufacturers and aftermarket channels.
The company maintains a relatively strong liquidity position, with a current ratio of 3.17, indicating that it has more than three times the current assets to cover its current liabilities. However, the liquidity risk is assessed as medium, primarily due to the negative net cash position after subtracting total debt. The company's cash and equivalents amount to TWD 525.11 million, while its long-term debt stands at TWD 862.73 million, resulting in a net cash outflow of TWD 337.62 million.
Profitability metrics show a return on equity (ROE) of 5.13% and a return on assets (ROA) of 3.56%, which are below the industry median for ROE and ROA in the Auto, Truck & Motorcycle Parts sector. The company's operating margin is 8.55% (calculated as operating income of TWD 254.68 million divided by revenue of TWD 2.98 billion), which is also below the industry median for operating margins.
The company's revenue is concentrated in a single business segment, as disclosed in its latest financial report, with no geographic diversification provided in the available data. This lack of segment and geographic diversification increases the company's exposure to sector-specific and regional economic risks.
The company's growth trajectory is expected to remain stable, with no significant revenue growth projected in the current or next fiscal year. Historical revenue data shows a relatively flat trend, with the most recent fiscal year reporting revenue of TWD 2.98 billion. The outlook for the next fiscal year does not indicate a material change in revenue direction.
The company's risk profile is characterized by a low dilution potential, with no recent evidence of share issuance or dilutive events. However, the risk assessment highlights a key flag: the company's net cash position is negative after subtracting total debt, which could impact its ability to fund operations without external financing. No adjustments have been applied to the valuation metrics, indicating that the company's financial structure is within acceptable parameters.
Recent events, as disclosed in the latest financial filing, include no material changes in the company's operations or financial strategy. The company has not issued any new debt or equity in the recent period, and there are no significant regulatory or legal proceedings disclosed in the available data.
- The company has a strong current ratio of 3.17, but its net cash position is negative after subtracting long-term debt.
- ROE and ROA are below the industry median, indicating weaker profitability relative to peers.
- The company operates in a single business segment with no geographic diversification, increasing exposure to sector-specific risks.
- No significant revenue growth is expected in the near term, with a stable outlook for the current and next fiscal year.
- The company has a low dilution risk, with no recent share issuance or dilutive events reported.
Bull / Bear case
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consensus EPS · 26-week trendSell-side observations
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Risk factors
- Net cash is negative after subtracting total debt.
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- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- 2115.TW Market data — financials · 2026-05-26
Ownership & reference
Leadership
- Lien-Kai HsuChairman of the Board, Chief Executive Officer