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2373.TW TAI Office Equipment

Aurora Corp

$57,20
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Mcap
12,8B TWD
P/E
14,7x
EV / Rev
1,5x
Div yield
6,61 %
Op margin
7,9 %
ROE
3,4 %
Net margin
8,3 %
Debt / equity
0,82
Beta
52w range
Volume
Day range
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About

Aurora Corp designs and manufactures office equipment, primarily generating revenue through the sale of technology equipment and related services.

Business. Aurora Corp (2373.TW) is a technology equipment company operating within the office equipment industry. The firm generates revenue primarily through the sale of products. Specific details regarding its operating segments and geographic presence are not available. The company is listed under the ticker 2373.TW.

Classification92 %
SectorTechnology
Business sectorTechnology Equipment
IndustryOffice Equipment
ActivityTechnology Equipment
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
71
composite score
Valuation
14,7x
P/E
Analysts
not yet wired
Ownership
not yet wired
Profitability
3,4 %
return on equity
Quality
55
quality score (0-100)

News & coverage

0
  • No recent newsroom coverage mentioning 2373.
  • 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 2373.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 score71 / 100
    Composite score 0-100 · Data quality 0,55
    Data quality0,55 / 1.00

    Synthesis

    Business

    Aurora Corp (2373.TW) is a technology equipment company operating within the office equipment industry. The firm generates revenue primarily through the sale of products. Specific details regarding its operating segments and geographic presence are not available. The company is listed under the ticker 2373.TW.

    Classification92 %
    SectorTechnology
    Business sectorTechnology Equipment
    IndustryOffice Equipment
    ActivityTechnology Equipment
    AI synthesis
    GENERATED

    Aurora Corp maintains a capital structure with a debt-to-equity ratio of 0.82, indicating a moderate reliance on debt financing. The company's liquidity position is characterized by a current ratio of 1.71, suggesting it has sufficient short-term assets to cover its short-term liabilities. However, the company's net cash position is negative after subtracting total debt, signaling potential liquidity constraints.

    In terms of profitability, Aurora Corp reports a return on equity (ROE) of 3.43% and a return on assets (ROA) of 1.29%. These figures are below the typical thresholds for strong performance in the Office Equipment industry, indicating that the company is not generating robust returns relative to its equity and asset base.

    The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification may expose Aurora Corp to higher operational and market risks, particularly in the event of regional economic downturns or shifts in demand for office equipment.

    Aurora Corp's growth trajectory is modest, with no significant revenue growth reported in the latest financial period. The company's capital expenditures were negative at -TWD 396.08 million, suggesting a reduction in investment in long-term assets. This may indicate a strategic shift or financial constraints limiting expansion.

    The company faces moderate liquidity risk due to its negative net cash position and a high level of long-term debt. While the dilution risk is currently low, the company's capital structure and financial performance suggest that it may need to raise additional capital in the future, potentially through equity or debt issuance.

    Recent filings and transcripts do not indicate any major strategic changes or significant events that would impact Aurora Corp's operations or financial performance in the near term. The company appears to be maintaining a stable but conservative approach to its business operations.

    Key takeaways
    • Aurora Corp has a moderate debt-to-equity ratio of 0.82, indicating a balanced capital structure.
    • The company's ROE of 3.43% and ROA of 1.29% are below industry benchmarks, suggesting suboptimal returns.
    • Aurora Corp's revenue is concentrated in a single business segment, increasing its exposure to market risks.
    • The company's capital expenditures were negative, indicating a reduction in investment in long-term assets.
    • Aurora Corp faces moderate liquidity risk due to its negative net cash position and high long-term debt.

    Bull / Bear case

    Generated · model-assisted
    BULL CASE · 2

    Free cash flow surged 199.6% year-over-year to TWD 645 million, demonstrating strong cash generation capability.

    Cash conversion ratio of 0.94 is well above the 0.66 cohort median, reflecting efficient earnings quality.

    BEAR CASE · 3

    Revenue declined 5.0% year-over-year to TWD 10.7 billion, signaling weakening top-line growth momentum.

    The company carries a high credit risk flag, suggesting potential difficulties in meeting financial obligations.

    Debt-to-equity ratio of 0.82 places the company in the bottom quartile of its peer cohort.

    In focus — financials by report

    Annual
    ANNUALFiled 2023-03-13
    FY 2023 · Full-year highlights

    Revenue TWD 12.58B, −7,4% YoY; Operating income −16,8% YoY.

    RevenueTWD 12.58B−7,4 % YoY
    Operating incomeTWD 1.22B−16,8 % YoY
    Net incomeTWD 1.31B−5,9 % YoY
    Free cash flowTWD 364.6M+20,8 % YoY
    EPS
    Operating cash flowTWD 799.7M−49,2 % YoY
    Financials
    Income statement
    RevenueTWD 12.58B
    Gross profitTWD 5.54B
    Operating incomeTWD 1.22B
    Net incomeTWD 1.31B
    Margins
    Gross margin44.1%
    Operating margin9.7%
    Net margin10.4%
    FCF margin2.9%
    Balance sheet
    Total assetsTWD 18.26B
    Total liabilitiesTWD 10.75B
    Total equityTWD 7.51B
    Cash & equivalentsTWD 0.00
    Long-term debtTWD 5.80B
    Cash flow
    Operating cash flowTWD 799.7M
    CapEx-TWD 476.0M
    Free cash flowTWD 364.6M
    SBC
    P&L flow · revenue → net income
    Revenue TWD 2.92BOperating costs TWD 2.69BFinance TWD 29.9MNet income TWD 242.3M
    Highlights
    • Revenue TWD 12.58B, −7,4% YoY
    • Operating income −16,8% YoY
    • Net income −5,9% YoY
    • Free cash flow +20,8% YoY
    • Net margin 10.4%

    Valuation FY

    Market price
    $57,20
    Market cap
    $12.80B
    Enterprise value
    $16.32B
    P/E
    14.7x
    Non-GAAP P/E
    EV / Revenue
    1.5x
    EV / Op income
    18.9x
    EV / OCF
    72.0x
    P / B
    1.8x
    P / Tangible book
    1.8x
    Tangible book
    $7.06B
    Net cash
    -$3.52B
    Current ratio
    1.7
    Debt / equity
    0.8
    ROA
    1.3%
    ROE
    3.4%
    Cash conversion
    94.0%
    CapEx / revenue
    -13.6%
    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 Margin7,9 %Above median
    Net Margin8,3 %Above P75
    ROE3,4 %Above median
    Capex / Rev-13,6 %Bottom quartile
    D/E0,82Bottom quartile
    Cash Conv0,94Above 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
    • 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
    • Aurora Corp Market data — financials · 2026-05-26

    Ownership & reference

    Insider activity

    — missing data

    Geographic breakdown

    — missing data
    Listings · one canonical issuer all listings resolve to the canonical
    2373.TWCanonical
    TAI · TWD

    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