Hiwin Technologies Corporation (2049.TW) stock analysis

In our weekly check, Hiwin Technologies Corporation is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 15 pass, warnings: 5, red flags: 5.

About Hiwin Technologies Corporation

Hiwin Technologies Corporation is an Industrials company (Industrial - Machinery) based in Taiwan, listed on TAI as 2049.TW.

What our checks show for 2049.TW

Red flags

• The net margin fell by 4.1 points over 5 years, to 8.8%: the company keeps less of each sale as profit.
• The gross margin fell by 6.8 points, to 29.2%: costs are rising faster than prices.
• Revenue fell 3.4% a year over the last 3 years.
• The price swings a lot: 51.3% annual volatility. Expect large ups and downs.
• The stock has fallen as much as 90% from a peak. Would you have held through that?

Warning signs

• Earnings per share fell 20.1% a year over the last 3 years.
• Net profit fell 19.5% a year over the last 3 years.
• The net margin is only 8.8%: little room if costs rise.
• Recovering from its deepest fall took about 1.6 years.
• Return on capital (ROCE) is only 5.1%.

Strengths

• Net debt is only 0.1x a year of EBITDA: the balance sheet has room.
• Operating profit covers interest 10.5 times over.
• Operating cash flow is 2.55x net profit: the profit arrives as real cash.
• Analysts expect earnings per share to grow about 28.5% a year over the next years.
• Analysts expect the net margin to improve by 3 points from today's 8.8%.
• Free cash flow is 13.4% of revenue: cash for dividends, buybacks or growth.

Next earnings report: 2026-11-11

Similar companies

6187.TWO · PH · ENR.DE · 8996.TW · SU.PA · EMR

Questions

What grade does Hiwin Technologies Corporation (2049.TW) have?

In our weekly check, Hiwin Technologies Corporation is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 15 pass, warnings: 5, red flags: 5. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of 2049.TW stock?

This week's biggest flags for Hiwin Technologies Corporation: Margins falling, Gross margin falling, Weak revenue growth. In total 10 of 25 checks show a warning or a red flag.

What does Hiwin Technologies Corporation do?

Hiwin Technologies Corporation is an Industrials company (Industrial - Machinery) based in Taiwan, listed on TAI as 2049.TW.

When does Hiwin Technologies Corporation report earnings next?

The next earnings report is expected on 2026-11-11. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-31

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