MPI Corporation (6223.TWO) stock analysis

In our weekly check, MPI Corporation is graded B (A to F). Of 24 checks on debt, profit, cash flow and trend: 16 pass, warnings: 4, red flags: 4.

About MPI Corporation

MPI Corporation is a Technology company (Semiconductors) based in Taiwan, listed on TWO as 6223.TWO.

What our checks show for 6223.TWO

Red flags

• Free cash flow is negative (-10.7% of revenue): the business spends more cash than it brings in.
• The price swings a lot: 71.9% annual volatility. Expect large ups and downs.
• The stock has fallen as much as 88% from a peak. Would you have held through that?
• Pay in shares equals 0% of free cash flow: it dilutes shareholders.

Warning signs

• Operating cash flow is only 0.68x net profit: part of the reported profit does not arrive as cash.
• The price is 104 times earnings (P/E): the market already pays for a lot of future growth.
• Recovering from its deepest fall took about 2.3 years.
• Beta 1.39: the stock usually moves more than the market, both up and down.

Strengths

• Debt is low: 0.54x equity.
• Operating profit covers interest 411 times over.
• The net margin rose by 17.2 points over 5 years, to 27.9%.
• The gross margin is 55% and has risen by 12.8 points: pricing power is holding.
• Analysts expect earnings per share to grow about 86.6% a year over the next years.
• Analysts expect revenue to grow about 70.8% a year over the next years.

Next earnings report: 2026-11-05

Similar companies

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Questions

What grade does MPI Corporation (6223.TWO) have?

In our weekly check, MPI Corporation is graded B (A to F). Of 24 checks on debt, profit, cash flow and trend: 16 pass, warnings: 4, red flags: 4. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of 6223.TWO stock?

This week's biggest flags for MPI Corporation: Weak free cash flow, Very volatile, Deep past fall. In total 8 of 24 checks show a warning or a red flag.

What does MPI Corporation do?

MPI Corporation is a Technology company (Semiconductors) based in Taiwan, listed on TWO as 6223.TWO.

When does MPI Corporation report earnings next?

The next earnings report is expected on 2026-11-05. 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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