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Foxconn Technology Co.

2354.TW
38
Hardware, Equipment & Parts · Technology
Price
NT$65.70
+0.70 (+1.08%)
Market Cap
NT$92.93B
Exchange
Taiwan Stock Exchange
Winston Score
38
Winston is serious
Below-average fundamentals — multiple weak pillars.
Data as of Sep 13, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality
Weak
Growth
Mixed
Cash Flow
Strong
Stability
Exceptional
Valuation
Strong
Dividends
Mixed

Share count falling — buybacks

5.4% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 1.42B (2021) → 1.34B (2025)

§Winston Score History

The full picture

Foxconn Technology is a Taiwan-based company that makes metal and plastic casings, enclosures, and components for electronics like smartphones, laptops, and servers. It is part of the broader Hon Hai/Foxconn group and supplies major global electronics brands. The company is one of the largest precision casing manufacturers in the world.

Foxconn Technology earns revenue by manufacturing and selling components to electronics makers, operating primarily out of factories in Taiwan and mainland China. Its close ties to the Foxconn group give it a steady pipeline of orders from top-tier customers, though its very thin margins — typical of contract manufacturing — leave little room for error. Growth depends on demand for new consumer devices and expanding into higher-value server and AI hardware enclosures, but intense competition and customer concentration remain key risks.

Growth Profile

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

Revenue Growth

-26.4% YoY

YoY Growth Rate

Revenue declining

EPS Growth

+65.8% YoY

YoY Growth Rate

EPS growth accelerating

R&D Spend

NT$1.4B/ year

Rising (+5% vs prior year)

0.9% of revenue

Below sector average (15%)

R&D investment increasing — building for the future

Insider Activity

0.8%ownership

Relatively low insider ownership

Cash Position

Cash flow positive

NT$123.6B cash & investments

Quarterly Free Cash Flow

→ Burn rate stable

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

Revenue declining

Foxconn Technology Co.'s revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

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.

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
4.0%
Thin — 4.0% gross margin
Profit after running costs
Operating Margin
1.1%
Thin — 1.1% operating margin
Return on the money invested
ROCE
1.8%
Weak — 1.8% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

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Growth

Sales growth
Sales YoY
+12.6%
Fast-growing sales (+12.6% YoY)
Profit growth
EPS YoY
-0.4%
Earnings shrinking (-0.4% YoY)

Slight earnings drop. Typical near a cyclical low.

How steady the profit is
EPS Consistency
3/8 quarters
Earnings rarely grow — volatile business

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Cash Flow

Profit that turns into cash
Cash Conversion
290%
Turns 290% of profit into real cash
Spare cash per sale
FCF Margin
5.5%
Thin free cash flow (5.5%)

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

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Stability

What it owes vs what it owns
Debt / Equity
0.08
Conservative — low debt load (0.08)
Covers its interest
Interest Cover
109.95x
Comfortably covers interest (109.9x)

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

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Valuation

Price vs profit
P/E Ratio (TTM)
27.7x
Growth-priced — P/E 27.7

P/E above the market average. People are paying up for expected growth.

Cheaper or dearer next year
P/E vs Forward
+11.6
GROWING
Earnings expected to grow meaningfully — cheaper on forward P/E (27.7 → 16.1)

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Dividends

Dividend
Dividend Yield
2.28%
Moderate income — 2.28% yield

Standard yield zone for stable dividend payers. A meaningful piece of total return.

Dividend record
Dividend Growth
-34.8%
Dividend cut (-34.8% YoY) — warning sign

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