WiseChip Semiconductor Inc

WiseChip Semiconductor Inc has a market price of 26.3 TWD per share and a market capitalization of 1,138,711,100 TWD, with a price-to-book ratio of 1.2 and a price-to-tangible-book ratio of 1.2. The company's liquidity position is characterized by a current ratio of 0.9 and a negative net cash position after subtracting total debt, indicating a medium liquidity risk. The company's cash and equivalents amount to 180,085,000 TWD, while its long-term debt is 602,058,000 TWD.

In terms of profitability, WiseChip reported a net income of -31,063,000 TWD and an operating income of -37,140,000 TWD, with a return on equity of -3.26% and a return on assets of -1.72%. These figures are below the industry median for profitability metrics, suggesting that the company is underperforming relative to its peers in the semiconductor industry.

The company's revenue is concentrated in a single segment, with no disclosed geographic breakdown. This lack of diversification may expose the company to higher operational and market risks. The company's revenue for the latest period was 211,561,000 TWD, which is lower than the analyst estimate of 1,347,663,000 TWD.

WiseChip's growth trajectory is uncertain, with a negative operating cash flow of -14,432,000 TWD and a free cash flow of -23,281,000 TWD. The company's capital expenditure of -21,158,000 TWD indicates ongoing investment in its operations, but the negative cash flows suggest that the company is not generating sufficient cash to support these investments.

The company faces a medium liquidity risk and a low dilution risk. The risk assessment highlights that the company's net cash is negative after subtracting total debt, which could impact its ability to meet short-term obligations. The dilution risk is low, indicating that the company is not expected to issue additional shares in the near term.

Recent events, including the latest financial filing, show that the company is experiencing financial challenges. The negative net income and operating income, along with the negative cash flows, suggest that the company is struggling to maintain profitability and generate positive cash flows.

Revenue TWD 174.2M, −21,6% YoY; Operating income −76,0% YoY.

• ▍Revenue TWD 174.2M, −21,6% YoY
• ▍Operating income −76,0% YoY
• ▍Net income −83,4% YoY
• ▍Free cash flow −166,0% YoY
• ▍Net margin -41.4%

Revenue TWD 159.9M, −31,1% YoY; Operating income −32,1% YoY.

• ▍Revenue TWD 159.9M, −31,1% YoY
• ▍Operating income −32,1% YoY
• ▍Net income −19,8% YoY
• ▍Free cash flow −40,9% YoY
• ▍Net margin -28.5%

Revenue TWD 228.0M, −2,2% YoY; Operating income −23,1% YoY.

• ▍Revenue TWD 228.0M, −2,2% YoY
• ▍Operating income −23,1% YoY
• ▍Net income −107,2% YoY
• ▍Free cash flow −136,2% YoY
• ▍Net margin -24.1%

Revenue TWD 775.8M, −13,7% YoY; Operating income −36,3% YoY.

• ▍Revenue TWD 775.8M, −13,7% YoY
• ▍Operating income −36,3% YoY
• ▍Net income −57,1% YoY
• ▍Free cash flow −84,8% YoY
• ▍Net margin -27.3%

Revenue TWD 895.6M, −37,0% YoY; Operating income −180,6% YoY.

• ▍Revenue TWD 895.6M, −37,0% YoY
• ▍Operating income −180,6% YoY
• ▍Net income −178,6% YoY
• ▍Free cash flow −562,6% YoY
• ▍Net margin -15.5%

Revenue TWD 1.42B, −2,3% YoY; Operating income −15,0% YoY.

• ▍Revenue TWD 1.42B, −2,3% YoY
• ▍Operating income −15,0% YoY
• ▍Net income −10,8% YoY
• ▍Free cash flow −78,8% YoY
• ▍Net margin 12.4%