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2321.TW — — Communications & Networking

2321.Tw

$12,60
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Mcap
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P/E
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EV / Rev
—
Div yield
0,00 %
Op margin
-0,8 %
ROE
-6,4 %
Net margin
-1,7 %
Debt / equity
2,97
Beta
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52w range
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Volume
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Day range
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Prev close
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Open
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Next earnings
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Ex-dividend
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TR 1Y
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About

2321.TW is a communications and networking equipment manufacturer that generates revenue primarily through the sale of hardware and related services.

Business. 2321.TW is a communications and networking equipment manufacturer that generates revenue primarily through the sale of hardware and related services.

Classification92 %
SectorTechnology
Business sectorTechnology Equipment
IndustryCommunications & Networking
Generated · model-assisted
Sell-side consensus
—consensus pending
— buy— hold— sell
Avg 12m price target—
Upcoming events
— missing data
See all catalysts →

At a glance

Score→
35
composite score
Valuation
—
valuation pending
Analysts
—
not yet wired
Ownership
—
not yet wired
Profitability→
-6,4 %
return on equity
Quality→
56
quality score (0-100)

News & coverage

0
  • No recent newsroom coverage mentioning 2321.

    • Sector rotation

    Sector1D1Mvs mkt
    Materials+2,1 %+0,7 %+2,5 %
    Energy+1,1 %+5,5 %+1,5 %
    Health Care+0,6 %−0,4 %+1,0 %
    Consumer Discretionary+0,4 %+5,7 %+0,8 %
    Information Technology · THIS SECTOR−0,3 %+4,8 %+0,1 %
    Financials−0,5 %−3,5 %−0,1 %
    Real Estate−0,7 %+10,8 %−0,3 %
    Consumer Staples−0,8 %+4,5 %−0,4 %
    Utilities−1,5 %−21,2 %−1,1 %
    Industrials−1,7 %−2,4 %−1,3 %
    Communication Services———

    Developing storylines

    No tracked sagas currently linked to 2321.TW. Browse all sagas →

    Analysis

    AI analysis
    Generated · analysis pipeline · tier hybrid · as of 2026-06-25 ↑ At a glance

    Opportunity

    — missing data

    Upcoming catalysts

    Scheduled public events. Informational only — not investment advice.

    • Macro
    • Rate decisionSveriges Riksbank rate decision (press conf.)2026-06-25 · SE
    • Rate decisionReserve Bank of Australia rate decision (press conf.)2026-07-08 · AU
    • Rate decisionBank of Canada rate decision (press conf.)2026-07-15 · CA
    • Rate decisionEuropean Central Bank rate decision (press conf.)2026-07-16 · EU
    • Rate decisionBank of Japan rate decision (press conf.)2026-07-16 · JP
    • Rate decisionFederal Reserve rate decision (press conf.)2026-07-29 · US
    • Macro & political
    • ElectionSE Swedish Election2026-09-14 · SE
    • ElectionUS U.S. Midterms2026-11-03 · US
    • ElectionFR French Legislative2027-06-01 · FR

    Pre-earnings brief

    — missing data

    Signals & dispatch

    peak dispatch · —

    Composite-score breakdown

    Composite score35 / 100
    Composite score 0-100 · Data quality 0,56
    Data quality0,56 / 1.00

    Synthesis

    Business

    2321.TW is a communications and networking equipment manufacturer that generates revenue primarily through the sale of hardware and related services.

    Classification92 %
    SectorTechnology
    Business sectorTechnology Equipment
    IndustryCommunications & Networking
    AI synthesis
    GENERATED

    The company's capital structure is highly leveraged, with a debt-to-equity ratio of 2.97, indicating a significant reliance on debt financing. Despite holding TWD 145,070,000 in cash and equivalents, the company's liquidity is rated as medium due to its TWD 571,719,000 in long-term debt, which exceeds its cash reserves. The company's free cash flow of TWD 10,370,000 is positive, but its operating cash flow is negative at TWD -7,720,000, suggesting operational inefficiencies.

    Profitability metrics are weak, with a return on equity of -6.36% and a return on assets of -1.00%, both significantly below the industry median for communications and networking equipment manufacturers. The company reported a net loss of TWD -12,251,000 and an operating loss of TWD -6,190,000, indicating a failure to generate positive returns from its core operations.

    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 downturns and regulatory changes. The company's revenue of TWD 732,508,000 is below the industry median, and its growth trajectory is uncertain, with no disclosed revenue growth in the most recent fiscal year.

    The company's risk profile is elevated, with a liquidity risk due to its negative net cash position after subtracting total debt. The dilution risk is currently low, but the company's capital structure leaves it vulnerable to further debt financing if operational performance does not improve. Recent events, including the reported operating and net losses, suggest a need for strategic adjustments to restore profitability and liquidity.

    The company's capital expenditures of TWD -7,948,000 indicate ongoing investment in infrastructure, but the negative operating cash flow suggests that these investments are not yet generating returns. The company's financial health is further complicated by its high debt load, which could limit its ability to respond to market opportunities or downturns.

    Key takeaways
    • The company is highly leveraged with a debt-to-equity ratio of 2.97, indicating a significant reliance on debt financing.
    • Profitability is weak, with a return on equity of -6.36% and a return on assets of -1.00%.
    • The company's revenue is concentrated in a single business segment, increasing exposure to regional economic downturns.
    • The company's liquidity is rated as medium, with a negative net cash position after subtracting total debt.
    • The company's capital expenditures suggest ongoing investment, but the negative operating cash flow indicates these investments are not yet generating returns.

    Bull / Bear case

    analysis pipeline
    — missing data

    In focus — financials by report

    Valuation

    Market price
    $12,60
    Market cap
    —
    Enterprise valueⓘ
    —
    P/Eⓘ
    —
    Non-GAAP P/Eⓘ
    —
    EV / Revenueⓘ
    —
    EV / Op incomeⓘ
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    EV / OCFⓘ
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    P / Bⓘ
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    P / Tangible bookⓘ
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    Tangible book
    $192.7M
    Net cashⓘ
    -$426.6M
    Current ratioⓘ
    1.6
    Debt / equityⓘ
    3.0
    ROAⓘ
    -1.0%
    ROEⓘ
    -6.4%
    Cash conversionⓘ
    63.0%
    CapEx / revenueⓘ
    -1.1%
    SBC / revenueⓘ
    —
    Dilution ratioⓘ
    0.0%

    Revenue by segment

    Market share

    — missing data

    Business relationships

    — missing data

    Supply chain

    — missing data

    Peer comparison

    — missing data

    Market position

    Stress test

    — missing data

    Forward curve

    — missing data

    Options

    — missing data

    Short squeeze

    — missing data

    Earnings-call key lines

    — missing data

    Estimate revisions

    consensus EPS · 26-week trend
    — missing data

    Sell-side observations

    — missing data

    Themes

    — missing data

    ESG

    — missing data

    Risk factors

    — missing data

    Benchmarks vs cohort

    Op Margin-0,9 %Below median
    Net Margin-1,7 %Below median
    ROE-6,4 %Bottom quartile
    Capex / Rev-1,1 %Above median
    D/E2,97Bottom quartile
    Cash Conv0,63Below median

    Corporate actions / M&A

    — missing data

    FX exposure

    — missing data

    Comparable transactions

    — missing data

    Derivatives & instruments

    — missing data

    Actions

    Ask Handelsavisen

    — missing data
    Data sources
    • Market data
    • Market data cache
    • Issuer disclosures
    • Public news
    • Earnings transcripts
    • Consensus estimates
    • ESG data
    How metrics are computed
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Net Cash
      cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
    • Capex To Revenue
      capital_expenditure / revenue
    • Return On Equity
      net_income / total_equity
    • Debt To Equity
      (short_term_debt + long_term_debt) / total_equity
    • Cash Conversion Ratio
      operating_cash_flow / net_income
    Source documents
    • 2321.TW Market data — financials · 2026-05-26
    • Tecom Co Ltd Market data — analyst estimates · 2026-05-26

    Ownership & reference

    Insider activity

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    2321.TWCanonical
    — · USD

    Intel & risk

    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskMedium
    Net cash is negative after subtracting total debt.

    The Thread

    Everything we know, in order
    — missing data
    Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-06-25 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage