WinstonWınston
Back
Stock

Advantech Co.

2395.TW
69
Computer Hardware · Technology
Price
NT$711.00
+37.00 (+5.49%)
Market Cap
NT$617.33B
Exchange
Taiwan Stock Exchange
Winston Score
69
Winston is curious
A decent business — some strong pillars, some weaker.
Data as of Sep 5, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality
Good
Growth
Exceptional
Cash Flow
Mixed
Stability
Exceptional
Valuation
Good
Dividends
Good

§Winston Score History

The full picture

Advantech Co., Ltd., a company founded in 1981 and based in Taipei, Taiwan, operates as a global provider of advanced computing and automation technologies. The firm specializes in the development and distribution of embedded computing modules, industrial automation equipment, and a wide array of applied and industrial computer systems. Its market presence extends across Taiwan, various regions in Asia, the United States, Europe, and other international territories. The company's operations are structured into several key divisions, including Industrial Internet of Thing Services, Embedded Board and Design-in Services, Allied Design and Manufacturing Services, Intelligent Services, and Advantech Service Plus. Advantech's extensive product catalog features a comprehensive range of industrial hardware and software solutions. This encompasses embedded systems like computer-on-modules, digital signage players, edge AI and IoT platforms, embedded PCs, single-board computers, fanless embedded systems, embedded software, gaming solutions, and RISC computing platforms. Furthermore, its offerings include industrial display systems, industrial flash and memory components, automation controllers, human-machine interfaces (HMI), machine automation systems, panel PCs, power and energy management tools, remote I/O and wireless sensing modules, and web access software, alongside an edge solution-ready platform. The company also supplies data acquisition systems, modular industrial PCs, slot single-board computers and backplanes, industrial computer chassis, peripherals, servers, and storage solutions. Complementing these are transportation systems, computer vision and video solutions, intelligent healthcare products (such as medical carts, computers, monitors, and tablets), and intelligent power systems. Additionally, Advantech delivers intelligent connectivity and network communication solutions, intelligent mobile platforms, city services, logistics, and retail-focused products like POS systems, LCD touch panels, USB cables, and automation vehicles. The company rounds out its portfolio with applied computing platforms, alongside investment, management, and product design services.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+46.5% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+126.1% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

NT$5.8B/ year

Rising (+7% vs prior year)

8.2% of revenue

Below sector average (15%)

R&D investment increasing — building for the future

Cash Position

Cash flow positive

NT$28.1B cash & investments

Quarterly Free Cash Flow

↓ Burn rate worsening

Company generates more cash than it spends — no dilution risk from fundraising

Revenue accelerating

Advantech Co. grew revenue 46% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Share count broadly stable

0.7% over 4y

The share count has stayed roughly flat over this period — little dilution or buyback activity.

Diluted shares outstanding: 863.0M (2021) → 857.2M (2025)

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
37.7%
Modest — 37.7% gross margin
Profit after running costs
Operating Margin
19.6%
Healthy — 19.6% operating margin
Return on the money invested
ROCE
25.9%
Exceptional — 25.9% return on capital

ROIC above 25%. Every dollar invested in the business earns more than 25 cents back per year.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales growth
Sales YoY
+23.7%
Fast-growing sales (+23.7% YoY)
Profit growth
EPS YoY
+42.0%
Earnings growing fast (+42.0% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
6/8 quarters
Earnings grew in most of the last 8 quarters

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Profit that turns into cash
Cash Conversion
45%
Weak — only 45% of profit becomes cash
Spare cash per sale
FCF Margin
4.0%
Thin free cash flow (4.0%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

What it owes vs what it owns
Debt / Equity
0.00
Conservative — low debt load (0.00)
Covers its interest
Interest Cover
162.90x
Comfortably covers interest (162.9x)

Interest coverage above 8. Profits cover interest many times over.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

Price vs profit
P/E Ratio (TTM)
44.9x
Pricey — P/E 44.9

P/E over 35. The market is pricing in heavy, sustained growth.

Cheaper or dearer next year
P/E vs Forward
+9.1
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (44.9 → 35.8)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend
Dividend Yield
1.57%
Small dividend — 1.57% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record
Dividend Growth
+41.1%
Dividend growing fast (41.1% YoY)

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free
🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.
Start free trial