Elite Material Co., Ltd. (2383.TW) stock analysis

In our weekly check, Elite Material Co., Ltd. is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 19 pass, warnings: 1, red flags: 5.

About Elite Material Co., Ltd.

Elite Material Co., Ltd. is a Technology company (Hardware, Equipment & Parts) based in Taiwan, listed on TAI as 2383.TW.

What our checks show for 2383.TW

Red flags

• Free cash flow is negative (-1.5% of revenue): the business spends more cash than it brings in.
• The price swings a lot: 67.5% annual volatility. Expect large ups and downs.
• The stock has fallen as much as 74% from a peak. Would you have held through that?
• Beta 1.61: the stock usually moves more than the market, both up and down.
• Pay in shares equals 0% of free cash flow: it dilutes shareholders.

Warning signs

• Operating cash flow is only 0.6x net profit: part of the reported profit does not arrive as cash.

Strengths

• Net debt is only 0.2x a year of EBITDA: the balance sheet has room.
• Operating profit covers interest 454 times over.
• The net margin rose by 3.3 points over 5 years, to 17.6%.
• The gross margin is 30.8% and has risen by 4.7 points: pricing power is holding.
• Analysts expect earnings per share to grow about 101% a year over the next years.
• Analysts expect revenue to grow about 71.1% a year over the next years.

Next earnings report: 2026-10-28

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Questions

What grade does Elite Material Co., Ltd. (2383.TW) have?

In our weekly check, Elite Material Co., Ltd. is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 19 pass, warnings: 1, red flags: 5. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of 2383.TW stock?

This week's biggest flags for Elite Material Co., Ltd.: Weak free cash flow, Very volatile, Deep past fall. In total 6 of 25 checks show a warning or a red flag.

What does Elite Material Co., Ltd. do?

Elite Material Co., Ltd. is a Technology company (Hardware, Equipment & Parts) based in Taiwan, listed on TAI as 2383.TW.

When does Elite Material Co., Ltd. report earnings next?

The next earnings report is expected on 2026-10-28. 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 2026-10-24

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