Evertop Wire Cable Corporation (1616) AI Stock Analysis

Evertop Wire Cable Corporation

(TWSE:1616)

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Rating:53Neutral

Price Target:TWD 16.00▲(0.95% Upside)

Action:initiatedcoverage

Date:11/09/26

Evertop Wire Cable scores in the middle-lower range. Fundamentals are the largest driver: strong revenue growth, tripling gross margins and a moderately leveraged balance sheet are offset by a year-over-year earnings decline and persistently weak, volatile cash flow, where profits repeatedly fail to convert into cash. Technicals are a significant drag, with the price well below all key moving averages and a negative MACD confirming a sustained downtrend, though deeply oversold RSI and Stochastic readings suggest selling may be extended. On valuation, a high 8.74% dividend yield is appealing but its sustainability is uncertain given thin free cash flow, and a 36x P/E leaves little room for disappointment. Earnings call and corporate event data were unavailable and excluded, with their weight redistributed across the remaining components.

Positive Factors

Moderate LeverageDebt equal to about half of equity indicates a manageable capital structure and provides more balance-sheet resilience than the company had during 2020–2022. Lower leverage can preserve borrowing capacity and support continued investment through normal industry cycles.

Negative Factors

Weak Cash ConversionOperating cash flow remains very low relative to reported earnings, and the sharp free-cash-flow decline indicates inconsistent conversion of profit into usable funds. This can reduce financial flexibility and make internally funded investment or shareholder returns less dependable.

Evertop Wire Cable Corporation (1616) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 2.99B
Dividend Yield: 8.57%
Average Volume (3M): 288.28K
Price to Earnings (P/E): 36.0
Beta (1Y): 0.49
Revenue Growth: 1.98%
EPS Growth: -95.72%
Country: TW
Employees: 519
Sector: General
Sector Strength: 55
Industry: Electrical Equipment & Parts

Evertop Wire Cable Corporation Business Overview & Revenue Model

Company Description

Evertop Wire Cable Corporation, a Taiwanese enterprise, specializes in the innovation, production, and distribution of a diverse array of wire and cable solutions. Marketed under the EVERTOP brand, their comprehensive portfolio encompasses bare and i...

Evertop Wire Cable Corporation Financial Statement Overview

Summary

Mixed fundamentals. Revenue has nearly doubled since 2020 (~14% CAGR to NT$5.21bn) and gross margin has expanded from 4.8% to 15.0%, with EBIT margin at 10.7% (Income Statement: 68). The balance sheet is reasonably conservative, with debt-to-equity improving to 0.51, equity funding ~52% of assets, and ROE of 13.2% (Balance Sheet: 70). However, cash generation is the clear weakness (Cash Flow: 35): operating cash flow of NT$137m covers less than half of NT$294m net income, free cash flow fell ~86% to NT$42m, and operating cash flow has been negative in three of the past six years. Net income also declined year over year (NT$294m vs NT$387m), compressing net margin to 5.6%.

Income Statement

68Positive

Balance Sheet

70Positive

Cash Flow

35Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	5.46B	5.21B	4.59B	4.11B	3.72B	3.21B
Gross Profit	653.60M	783.36M	498.20M	471.79M	295.25M	278.08M
EBITDA	349.10M	601.96M	649.72M	398.91M	116.15M	200.06M
Net Income	82.98M	293.80M	387.43M	225.72M	18.45M	94.56M
Balance Sheet
Total Assets	4.48B	4.28B	4.38B	3.34B	3.23B	3.13B
Cash, Cash Equivalents and Short-Term Investments	613.65M	558.63M	1.09B	190.72M	388.14M	462.48M
Total Debt	1.25B	1.12B	1.19B	670.04M	1.05B	1.04B
Total Liabilities	2.42B	2.06B	2.17B	1.46B	1.58B	1.53B
Stockholders Equity	2.06B	2.22B	2.21B	1.88B	1.66B	1.59B
Cash Flow
Free Cash Flow	-512.78M	42.38M	-100.49M	316.54M	-143.56M	10.32M
Operating Cash Flow	-417.91M	136.57M	-55.64M	361.68M	-15.11M	33.97M
Investing Cash Flow	-250.97M	-295.07M	399.61M	-39.11M	-137.18M	-89.45M
Financing Cash Flow	194.93M	-357.33M	442.13M	-402.88M	20.31M	173.04M

Evertop Wire Cable Corporation Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:1616 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:3025	74Outperform	TWD 2.78B	10.39	―	6.54%	33.73%	81.12%
TW:1339	71Outperform	TWD 2.94B	7.28	―	6.30%	-10.90%	163.84%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:1616	53Neutral	TWD 3.00B	36.02	―	8.57%	1.98%	-95.72%
TW:1617	46Neutral	TWD 3.31B	14.38	―	3.07%	11.94%	―
TW:3552	38Underperform	TWD 3.08B	-9.39	―	1.59%	-3.76%	-661.55%

* General Sector Average

Performance Comparison

TW:1616 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:1616	Evertop Wire Cable Corporation	15.85	-13.67	-46.30%
TW:1339	Y.C.C. Parts Mfg. Co., Ltd.	39.70	-1.83	-4.40%
TW:1617	Jung Shing Wire Co., Ltd.	19.55	4.53	30.19%
TW:3025	Loop Telecommunication International, Inc.	48.95	5.71	13.21%
TW:3552	Tung Thih Electronic Co., Ltd.	31.45	-38.21	-54.85%
TW:6722	Whetron Electronics Co., Ltd.	29.65	-27.95	-48.53%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 09, 2026

Evertop Wire Cable Corporation AI Stock Analysis