Solomon Technology Corp
Solomon Technology Corp designs and manufactures industrial electrical components and equipment, primarily serving the industrial goods sector.
Business. Solomon Technology Corp (2359.TW) is an industrial goods company engaged in the design, manufacture, and sale of electrical components and equipment. The firm operates within the Industrials sector, specifically focusing on the Electrical Components & Equipment industry. Headquartered in Taiwan, the company is primarily listed on the Taiwan Stock Exchange. Specific details regarding its operating segments and geographic revenue mix are not disclosed in the available data.
Analyst recommendations
1 analysts · consensus BuyAt 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
Solomon Technology Corp (2359.TW) is an industrial goods company engaged in the design, manufacture, and sale of electrical components and equipment. The firm operates within the Industrials sector, specifically focusing on the Electrical Components & Equipment industry. Headquartered in Taiwan, the company is primarily listed on the Taiwan Stock Exchange. Specific details regarding its operating segments and geographic revenue mix are not disclosed in the available data.
Solomon Technology Corp maintains a relatively strong liquidity position, with cash and equivalents of TWD 753.76 million and a current ratio of 1.73, indicating the company can cover its short-term liabilities. However, the company's net cash position is negative after subtracting total debt, signaling potential liquidity constraints.
Profitability metrics show mixed results. The company reported a net income of TWD 23.62 million, but operating income was negative at TWD -29.89 million, indicating operational inefficiencies. Return on equity (ROE) is at 0.44%, and return on assets (ROA) is 0.24%, both below the typical thresholds for healthy returns in the industrial goods sector.
The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic fluctuations and sector-specific downturns.
Looking ahead, the company's growth trajectory appears uncertain. Analysts estimate a mean EPS of 1.90 TWD for the current fiscal year, compared to the actual EPS of 1.23 TWD. However, the company's operating income remains negative, and capital expenditures are modest at TWD -9.67 million, suggesting limited investment in future growth.
Risk factors include a medium liquidity risk and a low dilution risk. The company's debt-to-equity ratio is 0.17, indicating a conservative capital structure, but the negative net cash position raises concerns about short-term financial flexibility.
Recent financial filings show a decline in operating income despite a positive net income, driven by non-operating gains. The company's free cash flow of TWD 38.59 million is modest, and there are no disclosed major events or strategic initiatives in recent transcripts or filings.
- Solomon Technology Corp has a conservative capital structure with a low debt-to-equity ratio of 0.17.
- The company's operating income is negative, indicating operational inefficiencies despite a positive net income.
- Analysts have a neutral outlook, with one "buy" recommendation and no "strong buy" or "sell" ratings.
- The company's lack of geographic and segment diversification increases its exposure to regional and sector-specific risks.
- Free cash flow is modest, and capital expenditures are limited, suggesting a cautious approach to growth investment.
Bull / Bear case
Generated · model-assistedThe company maintains a low debt-to-equity ratio of 0.17, indicating a conservative capital structure relative to peers.
Cash conversion efficiency stands at 1.85, significantly outperforming the cohort median of 0.89.
Long-term debt decreased to TWD 858.7 million in FY0, down from TWD 1.36 billion in FY-4.
Gross profit reached TWD 962.6 million in FY0, demonstrating retained profitability at the top line.
The stock trades at TWD 144.0 with a single analyst recommendation labeled as a buy.
Operating income turned negative at TWD -48.1 million in FY-1, reflecting a loss of operational profitability.
The company faces a high credit risk flag, suggesting potential difficulties in meeting financial obligations.
In focus — financials by report
Revenue TWD 1.07B, +6,3% YoY; Operating income +54,8% YoY.
- ▍Revenue TWD 1.07B, +6,3% YoY
- ▍Operating income +54,8% YoY
- ▍Net income +38,2% YoY
- ▍Free cash flow +44,3% YoY
- ▍Net margin 18.2%
Revenue TWD 921.5M, −2,9% YoY; Operating income +88,1% YoY.
- ▍Revenue TWD 921.5M, −2,9% YoY
- ▍Operating income +88,1% YoY
- ▍Net income +409,1% YoY
- ▍Free cash flow +473,8% YoY
- ▍Net margin 19.0%
Revenue TWD 4.25B, +21,3% YoY; Operating income +293,8% YoY.
- ▍Revenue TWD 4.25B, +21,3% YoY
- ▍Operating income +293,8% YoY
- ▍Net income +46,7% YoY
- ▍Free cash flow +170,3% YoY
- ▍Net margin 5.0%
Valuation FY
Revenue by segment
Business relationships
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Peer comparison
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Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 1,90 |
| Revenue | —no estimate | —no estimate | 4,8B TWD |
| Operating income | —no estimate | —no estimate | 113,0M TWD |
Options
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sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
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Risk factors
- Net cash is negative after subtracting total debt.
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- 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
- Solomon Technology Corp Market data — financials · 2026-05-26
- Solomon Technology Corp Market data — analyst estimates · 2026-05-26