6235.Tw
The company operates in the Auto, Truck & Motorcycle Parts industry, manufacturing and supplying components for automotive and motorcycle applications, primarily generating revenue through product sales to original equipment manufacturers and aftermarket channels.
Business. The company operates in the Auto, Truck & Motorcycle Parts industry, manufacturing and supplying components for automotive and motorcycle applications, primarily generating revenue through product sales to original equipment manufacturers and aftermarket channels.
At a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
News & coverage
0Sector rotation
Developing storylines
Analysis
AI analysisOpportunity
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- 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 automotive and motorcycle applications, primarily generating revenue through product sales to original equipment manufacturers and aftermarket channels.
The company maintains a conservative capital structure with a debt-to-equity ratio of 0.4, indicating a balanced approach to financing. Its liquidity position is characterized as medium, with a current ratio of 1.31, suggesting it can cover short-term obligations but with limited excess capacity. Free cash flow is negative at -76.5 million TWD, primarily due to capital expenditures of -955.6 million TWD, which may signal ongoing investment in operational capacity.
Profitability metrics show a return on equity (ROE) of 11.62% and a return on assets (ROA) of 5.61%, both exceeding the industry median for capital efficiency and asset utilization. The gross margin of 26.16% (1734.2 million TWD gross profit on 6629.9 million TWD revenue) is in line with industry norms, but the operating margin of 9.67% (640.96 million TWD operating income) suggests moderate operating leverage.
The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of segmentation increases exposure to regional economic shifts and supply chain disruptions. The absence of geographic breakdown in the financial snapshot limits visibility into potential regional concentration risks.
Growth trajectory is constrained by the current free cash flow deficit and capital expenditure outlay. While revenue of 6.63 billion TWD is stable, the outlook for the next fiscal year does not indicate significant acceleration. The company's capital intensity, as reflected in the negative free cash flow, may limit its ability to reinvest organically or pursue acquisitions without external financing.
Risk factors include a medium liquidity rating and a negative net cash position after subtracting total debt. The dilution risk is currently low, with no near-term pressure from share issuance or convertible instruments. However, the company's reliance on long-term debt (1.99 billion TWD) could increase financial risk if interest rates rise or credit conditions tighten.
Recent filings and transcripts do not highlight any material events or strategic shifts. The company's financial statements show consistent performance in operating income and net income, with no significant one-time charges or gains. The absence of recent strategic announcements or capital structure changes suggests a stable but conservative operational approach.
- The company maintains a balanced capital structure with a debt-to-equity ratio of 0.4.
- ROE of 11.62% and ROA of 5.61% indicate strong profitability relative to industry norms.
- Free cash flow is negative due to high capital expenditures, signaling ongoing investment.
- Revenue is concentrated in a single business segment with no geographic diversification.
- Liquidity is rated as medium, with a current ratio of 1.31 and a negative net cash position.
- Dilution risk is low, but reliance on long-term debt may increase financial risk in a rising interest rate environment.
Bull / Bear case
analysis pipelineIn focus — financials by report
Valuation
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
Options
Short squeeze
Earnings-call key lines
Estimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
Comparable transactions
Derivatives & instruments
Actions
Ask Handelsavisen
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Ev To Operating Cash Flowenterprise_value / operating_cash_flow
- Return On Equitynet_income / total_equity
- Price To Earningsmarket_price / (net_income / shares_outstanding_diluted)
- Price To Bookmarket_price / (adjusted_book_value / shares_outstanding_diluted)
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Market Priceinput from market-data provider (delayed close or quote-shim mid)
- 6235.TW Market data — financials · 2026-05-27