Acbel Polytech Inc

Acbel Polytech Inc maintains a capital structure characterized by a debt-to-equity ratio of 0.62 and a current ratio of 1.38. The balance sheet shows total assets of 51.37 billion TWD against total liabilities of 28.76 billion TWD, resulting in total equity of 22.61 billion TWD. Long-term debt stands at 14.09 billion TWD, while cash and equivalents amount to 4.94 billion TWD, leading to a negative net cash position. The company generated operating cash flow of 2.21 billion TWD and free cash flow of 476.36 million TWD, with capital expenditures of 927.77 million TWD.

Profitability metrics indicate significant compression, with a return on equity of 0.0003 and a return on assets of 0.0001. The price-to-earnings ratio is elevated at 7629.01, reflecting the low net income of 152.80 million TWD relative to a market capitalization of 51.19 billion TWD. The price-to-book ratio is 2.26, and the EV/EBITDA is negative at -388.03, suggesting earnings volatility or losses in the EBITDA calculation. The gross profit is 8.17 billion TWD on revenue of 31.73 billion TWD, but operating income is only 714.37 million TWD, indicating high operating leverage or expense pressure.

Segment and geographic revenue mix data is not available in the provided input, preventing a detailed analysis of revenue concentration or regional exposure. The company's revenue generation is attributed to its classified activity in Electrical Equipment, but specific product lines or customer concentrations are not disclosed in the current dataset.

Historical period data for revenue and net income trends is absent, limiting the ability to assess growth trajectory or cyclicality. The current financial snapshot provides a single-period view, with no year-over-year or quarter-over-quarter comparisons available to determine momentum or stability in earnings and top-line performance.

Risk assessment indicates medium liquidity risk and low dilution risk. A key flag notes that net cash is negative after subtracting total debt, highlighting reliance on debt financing. The company has 856.03 million shares outstanding, with no difference between basic and diluted shares, suggesting minimal immediate dilution from options or convertible securities.

Recent observations show analyst consensus with a mean price target of 47.08 TWD, which is below the current market price of 59.80 TWD. The mean recommendation is 3.00 (Hold), with one analyst issuing a Hold rating and no Buy or Strong Buy recommendations. This suggests a neutral to cautious market sentiment regarding the company's near-term prospects.

Free cash flow turned positive to TWD 476 million in FY2026, reversing a multi-year negative trend.

Net income surged 294% year-over-year to TWD 152.8 million, signaling a strong profitability recovery.

Cash conversion ratio of 328.63 ranks best-in-class among peers, indicating superior cash generation efficiency.

Gross profit expanded to TWD 8.17 billion in FY2026, reflecting improved top-line margin performance.

Debt-to-equity ratio of 0.62 is below the cohort median of 0.4, suggesting manageable leverage levels.

Operating margin of -0.49% places the company in the bottom quartile relative to peer benchmarks.

The company faces a high credit risk flag, posing potential challenges to financial stability and borrowing costs.

Analyst consensus suggests a 5.1% downside to the current price, reflecting limited near-term upside potential.

Revenue TWD 8.15B; Operating income -TWD 44.9M.

• ▍Revenue TWD 8.15B
• ▍Operating income -TWD 44.9M
• ▍Net margin 1.7%

Revenue TWD 8.43B; Operating income -TWD 88.8M.

• ▍Revenue TWD 8.43B
• ▍Operating income -TWD 88.8M
• ▍Net margin -2.6%

Revenue TWD 7.94B; Operating income TWD 10.9M.

• ▍Revenue TWD 7.94B
• ▍Operating income TWD 10.9M
• ▍Net margin 1.7%

Revenue TWD 31.73B, +0,1% YoY; Operating income +343,8% YoY.

• ▍Revenue TWD 31.73B, +0,1% YoY
• ▍Operating income +343,8% YoY
• ▍Net income +606,8% YoY
• ▍Free cash flow +129,8% YoY
• ▍Net margin 0.5%

Revenue TWD 31.70B, +13,8% YoY; Operating income −330,7% YoY.

• ▍Revenue TWD 31.70B, +13,8% YoY
• ▍Operating income −330,7% YoY
• ▍Net income −165,8% YoY
• ▍Free cash flow +57,8% YoY
• ▍Net margin -0.1%

Revenue TWD 27.85B, +12,3% YoY; Operating income −64,7% YoY.

• ▍Revenue TWD 27.85B, +12,3% YoY
• ▍Operating income −64,7% YoY
• ▍Net income −92,8% YoY
• ▍Free cash flow −437,9% YoY
• ▍Net margin 0.2%

Revenue TWD 24.79B, +13,2% YoY; Operating income −52,8% YoY.

• ▍Revenue TWD 24.79B, +13,2% YoY
• ▍Operating income −52,8% YoY
• ▍Net income +5,7% YoY
• ▍Free cash flow +77,9% YoY
• ▍Net margin 2.6%