King Yuan Electronics Co Ltd

King Yuan Electronics maintains a debt-to-equity ratio of 0.6, indicating a relatively conservative capital structure with a balance between debt and equity financing. The company's liquidity position is characterized by a current ratio of 2.94, 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, King Yuan Electronics reports a return on equity (ROE) of 3.34% and a return on assets (ROA) of 1.77%. These figures are below the industry median for ROE and ROA in the Semiconductor Equipment & Testing sector, indicating that the company is underperforming relative to its peers in terms of capital efficiency and asset utilization.

The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification in the latest financial data. This lack of diversification increases exposure to regional economic fluctuations and sector-specific risks.

King Yuan Electronics has demonstrated a growth trajectory with a revenue of TWD 5,977.17 million in the latest reporting period. However, the outlook for the next fiscal year remains uncertain, with no specific numeric deltas provided in the data. The company's capital expenditure of TWD -2,236.43 million indicates a net outflow, which may suggest investment in long-term growth or asset depreciation.

The risk assessment for King Yuan Electronics highlights a medium liquidity risk and a low dilution risk. The company's net cash position is negative after subtracting total debt, which could impact its ability to meet short-term obligations. No significant dilution sources were identified in the latest filings or transcripts, and the dilution potential is considered low.

Recent events and filings do not indicate any major corporate actions or strategic shifts. The company's financial performance and operational strategy appear to be stable, with no significant changes reported in the latest available data.

Net income surged 41.6% year-over-year to TWD 11.0 billion, demonstrating strong top-line and bottom-line growth momentum.

Fifteen analysts maintain a buy recommendation with a mean price target of TWD 326.9, implying 9.1% upside from current levels.

The company achieved a four-year net income CAGR of 20.8%, indicating consistent long-term profitability expansion over the period.

Cash conversion ratio of 3.05 ranks as best-in-class within the semiconductor equipment cohort, highlighting superior operational efficiency.

Long-term debt increased to TWD 33.1 billion in FY2026, while the debt-to-equity ratio of 0.6 exceeds the cohort median of 0.22.

The company faces a high credit risk flag, suggesting potential difficulties in meeting financial obligations or refinancing debt.

Return on equity of 3.34% falls below the semiconductor equipment cohort median of 4.0%, indicating lower capital efficiency than peers.

Revenue TWD 9.97B, +36,6% YoY; Operating income +93,2% YoY.

• ▍Revenue TWD 9.97B, +36,6% YoY
• ▍Operating income +93,2% YoY
• ▍Net income +10,7% YoY
• ▍Free cash flow −80,4% YoY
• ▍Net margin 22.6%

Revenue TWD 9.29B, +32,0% YoY; Operating income +40,9% YoY.

• ▍Revenue TWD 9.29B, +32,0% YoY
• ▍Operating income +40,9% YoY
• ▍Net income −7,1% YoY
• ▍Free cash flow −178,9% YoY
• ▍Net margin 24.8%

Revenue TWD 8.36B, +27,8% YoY; Operating income +41,4% YoY.

• ▍Revenue TWD 8.36B, +27,8% YoY
• ▍Operating income +41,4% YoY
• ▍Net income +14,3% YoY
• ▍Free cash flow −4 047,7% YoY
• ▍Net margin 26.0%

Revenue TWD 7.32B, +22,4% YoY; Operating income +16,8% YoY.

• ▍Revenue TWD 7.32B, +22,4% YoY
• ▍Operating income +16,8% YoY
• ▍Net income +213,5% YoY
• ▍Free cash flow −279,6% YoY
• ▍Net margin 58.6%

Revenue TWD 7.30B; Operating income TWD 1.44B.

• ▍Revenue TWD 7.30B
• ▍Operating income TWD 1.44B
• ▍Net margin 27.8%

Revenue TWD 7.04B; Operating income TWD 1.77B.

• ▍Revenue TWD 7.04B
• ▍Operating income TWD 1.77B
• ▍Net margin 35.2%

Revenue TWD 6.54B; Operating income TWD 1.54B.

• ▍Revenue TWD 6.54B
• ▍Operating income TWD 1.54B
• ▍Net margin 29.1%

Revenue TWD 5.98B; Operating income TWD 1.30B.

• ▍Revenue TWD 5.98B
• ▍Operating income TWD 1.30B
• ▍Net margin 22.9%

Revenue TWD 34.93B, +30,1% YoY; Operating income +48,2% YoY.

• ▍Revenue TWD 34.93B, +30,1% YoY
• ▍Operating income +48,2% YoY
• ▍Net income +41,6% YoY
• ▍Free cash flow −224,8% YoY
• ▍Net margin 31.5%

Revenue TWD 26.86B, +11,9% YoY; Operating income +15,2% YoY.

• ▍Revenue TWD 26.86B, +11,9% YoY
• ▍Operating income +15,2% YoY
• ▍Net income +33,2% YoY
• ▍Free cash flow −576,8% YoY
• ▍Net margin 29.0%

Revenue TWD 23.99B, −34,8% YoY; Operating income −42,7% YoY.

• ▍Revenue TWD 23.99B, −34,8% YoY
• ▍Operating income −42,7% YoY
• ▍Net income −14,6% YoY
• ▍Free cash flow −31,8% YoY
• ▍Net margin 24.3%

Revenue TWD 36.78B, +8,9% YoY; Operating income +40,0% YoY.

• ▍Revenue TWD 36.78B, +8,9% YoY
• ▍Operating income +40,0% YoY
• ▍Net income +32,1% YoY
• ▍Free cash flow +203,0% YoY
• ▍Net margin 18.6%