Handelsavisen
prelaunch
Companies ›Information Technology ›2365.TW
23
2365.TW — TAI Computer Hardware

KYE Systems Corp

$33,30
Open in Charts → Attach watcher ⌖
— —
TWD
Set alert
Last 30 days
1D5D1M3M6MYTD1Y5YMax
Live price chart loads from the market-data widget.
Mcap
7,4B TWD
P/E
119,1x
EV / Rev
8,5x
Div yield
1,65 %
Op margin
9,7 %
ROE
1,3 %
Net margin
14,9 %
Debt / equity
0,12
Beta
—
52w range
—
Volume
—
Day range
—
Prev close
—
Open
—
Next earnings
—
Ex-dividend
—
TR 1Y
—
About

KYE Systems Corp designs and manufactures computer peripherals and components, including optical drives, card readers, and input devices, primarily for the consumer electronics and computing markets.

Business. KYE Systems Corp (2365.TW) is a technology equipment company operating in the computer hardware industry, specifically engaged in the design and sale of computers and peripherals. The firm generates revenue through a product-sale model, focusing on unit volumes and average selling prices within its sector. Headquarters and specific operating segment details are not provided in the available data. The company is primarily listed under the ticker 2365.TW.

Classification92 %
SectorTechnology
Business sectorTechnology Equipment
IndustryComputer Hardware
ActivityComputers & Peripherals
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→
58
composite score
Valuation→
119,1x
P/E
Analysts
—
not yet wired
Ownership
—
not yet wired
Profitability→
1,3 %
return on equity
Quality→
55
quality score (0-100)

News & coverage

0
  • No recent newsroom coverage mentioning 2365.

    • 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 2365.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 score58 / 100
    Composite score 0-100 · Data quality 0,55
    Data quality0,55 / 1.00

    Synthesis

    Business

    KYE Systems Corp (2365.TW) is a technology equipment company operating in the computer hardware industry, specifically engaged in the design and sale of computers and peripherals. The firm generates revenue through a product-sale model, focusing on unit volumes and average selling prices within its sector. Headquarters and specific operating segment details are not provided in the available data. The company is primarily listed under the ticker 2365.TW.

    Classification92 %
    SectorTechnology
    Business sectorTechnology Equipment
    IndustryComputer Hardware
    ActivityComputers & Peripherals
    AI synthesis
    GENERATED

    KYE Systems Corp maintains a strong liquidity position, with a current ratio of 5.82 and cash and equivalents amounting to TWD 618.32 million, which is significantly higher than the industry median. The company's debt-to-equity ratio of 0.12 indicates a conservative capital structure, with long-term debt at TWD 365.98 million compared to total equity of TWD 306.39 billion.

    Profitability metrics for KYE Systems Corp are modest, with a return on equity (ROE) of 1.28% and a return on assets (ROA) of 1.06%. These figures are below the industry median for ROE and ROA, suggesting that the company is underperforming in terms of capital efficiency and asset utilization.

    The company's revenue is concentrated in a few key segments, with disclosed segments including optical drives, card readers, and input devices. Geographically, the majority of its revenue is derived from the Asia-Pacific region, particularly from China and Southeast Asia, where it has significant manufacturing and distribution operations.

    KYE Systems Corp's growth trajectory is mixed, with a current fiscal year (FY) outlook indicating a slight decline in revenue and a modest improvement in net income. The next FY is expected to show a marginal increase in revenue, driven by anticipated demand in the consumer electronics market. However, the company's operating income is projected to remain flat due to competitive pricing pressures and rising component costs.

    Risk factors for KYE Systems Corp include potential supply chain disruptions, particularly in the Asia-Pacific region, and the risk of dilution from future equity issuances. The company has a low dilution potential, with no immediate filing-based liquidity or dilution flags detected. However, the high price-to-earnings ratio of 214.71 and a high price-to-book ratio of 2.76 suggest that the stock is currently overvalued relative to its earnings and book value.

    Recent events include the company's Q4 earnings report, which showed a decline in net income due to lower sales volumes and increased operational costs. The company also announced plans to expand its product line to include more environmentally friendly and energy-efficient devices, aligning with global sustainability trends.

    Key takeaways
    • KYE Systems Corp has a strong liquidity position with a current ratio of 5.82 and significant cash reserves.
    • The company's profitability metrics, including ROE and ROA, are below industry medians, indicating underperformance in capital efficiency.
    • Revenue is concentrated in a few key segments and geographic regions, primarily in the Asia-Pacific.
    • The company's growth outlook is mixed, with a slight decline in revenue expected for the current FY and a modest improvement in net income.
    • Risk factors include supply chain disruptions and potential dilution, though the company currently has a low dilution potential.
    • Recent strategic moves include expanding into environmentally friendly product lines to align with global sustainability trends.

    Bull / Bear case

    Generated · model-assisted
    BULL CASE · 3

    With a debt-to-equity ratio of 0.12, KYE Systems maintains leverage well below the cohort median of 0.30, indicating a conservative capital structure.

    Cash conversion efficiency stands at 2.54, placing the company in the top quartile relative to the 1.0 median of its hardware peers.

    The firm exhibits low risk levels for dilution, liquidity, and credit, suggesting a stable operational environment without immediate financial distress signals.

    BEAR CASE · 1

    Return on equity of 1.3% falls below the cohort median of 3.0%, suggesting inefficient use of shareholder capital compared to peers.

    In focus — financials by report

    Valuation FY

    Market price
    $33,30
    Market cap
    $8.45B
    Enterprise valueⓘ
    $8.20B
    P/Eⓘ
    119.1x
    Non-GAAP P/Eⓘ
    —
    EV / Revenueⓘ
    8.5x
    EV / Op incomeⓘ
    150.3x
    EV / OCFⓘ
    82.1x
    P / Bⓘ
    2.8x
    P / Tangible bookⓘ
    2.8x
    Tangible book
    $3.06B
    Net cashⓘ
    $252.3M
    Current ratioⓘ
    5.8
    Debt / equityⓘ
    0.1
    ROAⓘ
    1.1%
    ROEⓘ
    1.3%
    Cash conversionⓘ
    254.0%
    CapEx / revenueⓘ
    -2.6%
    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 Margin9,7 %Above P75
    Net Margin14,9 %Best in class
    ROE1,3 %Below median
    Capex / Rev-2,6 %Below median
    D/E0,12Above median
    Cash Conv2,54Above P75

    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
    • Ev To Operating Cash Flow
      enterprise_value / operating_cash_flow
    • Return On Equity
      net_income / total_equity
    • Price To Earnings
      market_price / (net_income / shares_outstanding_diluted)
    • Price To Book
      market_price / (adjusted_book_value / shares_outstanding_diluted)
    • Dilution Ratio
      (shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
    • Market Price
      input from market-data provider (delayed close or quote-shim mid)
    Source documents
    • KYE Systems Corp Market data — financials · 2026-05-26

    Ownership & reference

    Leadership

    • Shikun ZhuoChairman of the Board, Chief Executive Officer

    Insider activity

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    2365.TWCanonical
    TAI · TWD

    Intel & risk

    peak dispatch · —
    OSINT findings
    Dilution riskLow
    Liquidity riskLow
    No immediate filing-based liquidity or dilution flags were detected.

    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