3605.Tw
3605.TW is a manufacturer of electronic equipment and parts, primarily generating revenue through the production and sale of technology equipment.
Business. 3605.TW is a manufacturer of electronic equipment and parts, primarily generating revenue through the production and sale of technology equipment.
Analyst recommendations
2 analysts · consensus BuyAt 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
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Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Macro
- 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
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- 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
3605.TW is a manufacturer of electronic equipment and parts, primarily generating revenue through the production and sale of technology equipment.
The company's capital structure shows a debt-to-equity ratio of 0.41, indicating a relatively balanced approach to financing. The liquidity position is characterized as medium, with a current ratio of 1.87, suggesting the company has sufficient short-term assets to cover its short-term liabilities. However, the free cash flow is negative at -70,372,000 TWD, which may indicate potential liquidity constraints if not managed effectively.
Profitability metrics reveal a return on equity (ROE) of 8.33% and a return on assets (ROA) of 4.45%. These figures are below the industry median for ROE and ROA, suggesting that the company is underperforming relative to its peers in terms of generating returns from equity and assets. The gross profit margin stands at 26.01%, which is a key indicator of the company's efficiency in converting revenue into profit.
Geographically, the company's revenue is concentrated in a single segment, with no disclosed geographic diversification. This concentration may expose the company to regional economic fluctuations and market-specific risks. The lack of segmental breakdown in the financial data limits the ability to assess the performance of different product lines or geographic regions.
The company's growth trajectory is mixed. While the current fiscal year (FY) shows a revenue of 10,859,557,000 TWD, the outlook for the next FY is not explicitly provided. The capital expenditure of -1,339,089,000 TWD indicates significant investment in long-term assets, which could support future growth. However, the negative free cash flow suggests that the company may need to rely on external financing to fund these investments.
Risk factors include a medium liquidity risk, primarily due to the negative net cash position after subtracting total debt. The dilution risk is assessed as low, with no significant dilution potential identified. The company's financial leverage is moderate, with a long-term debt of 3,232,523,000 TWD, which is manageable given the total equity of 7,933,393,000 TWD.
Recent events and filings do not show any significant changes in the company's operations or financial strategy. The analyst estimates suggest a mean price target of 80.46 TWD, with a strong buy recommendation from two analysts. This indicates a generally positive outlook from the investment community, although the lack of variance in price targets suggests limited consensus.
- The company has a balanced capital structure with a debt-to-equity ratio of 0.41.
- Profitability metrics are below industry medians, indicating underperformance.
- The company's revenue is concentrated in a single segment, increasing exposure to regional risks.
- Capital expenditures are significant, suggesting investment in long-term growth.
- Liquidity risk is medium, with a current ratio of 1.87.
- Analysts have a generally positive outlook, with a mean price target of 80.46 TWD.
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
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 5,97 |
| Revenue | —no estimate | —no estimate | 12,6B TWD |
| Operating income | —no estimate | —no estimate | 987,3M TWD |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate 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
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