6821.TWO

6821.TWO maintains a strong liquidity position, with cash and equivalents amounting to TWD 586.76 million, representing nearly 50.5% of total assets. The company's liquidity FPT (free cash flow to total liabilities) is robust, indicating a solid ability to meet short-term obligations without external financing. The current ratio of 4.82 further supports this, suggesting the company has more than four times the current assets to cover current liabilities. Profitability metrics show a return on equity (ROE) of 5.5%, which is below the median for the Electronic Equipment & Parts industry. The return on assets (ROA) of 3.02% also lags behind the industry average, indicating that the company is not generating returns as efficiently as its peers. Gross margin stands at 36.6%, which is in line with the industry median, but operating margin of 7.3% is below the median, suggesting higher operating costs relative to revenue. 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 fluctuations and regulatory changes. The absence of segment or geographic breakdown in the financial data limits the ability to assess risk and growth potential across different markets. Looking ahead, the company's revenue is projected to grow by 5.2% in the current fiscal year and 3.8% in the next fiscal year. This growth is driven by increasing demand for electronic components in the global market. However, the company's free cash flow of TWD 23.39 million is relatively low compared to its operating cash flow of TWD 100.33 million, indicating that capital expenditures are consuming a significant portion of operating cash. Risk factors include a moderate debt-to-equity ratio of 0.5, which is below the industry median, suggesting a conservative capital structure. However, the company's price-to-earnings (P/E) ratio of 63.43 is significantly higher than the industry median, indicating that the stock may be overvalued relative to earnings. There are no immediate filing-based liquidity or dilution flags, and the risk of dilution is assessed as low. Recent events include the company's latest financial filing, which shows a stable financial position with no significant changes in capital structure or earnings. The company has not issued new shares recently, and there are no indications of upcoming equity offerings or debt issuances that could affect shareholder value.