D-Link Corporation AI Stock Analysis
D-Link Corporation (2332) AI Stock Analysis
D-Link Corporation
(TWSE:2332)
The score is held down primarily by deteriorating financial performance: a third consecutive year of revenue decline, nearly nine points of gross margin erosion since 2020, an outright net loss, and a swing to negative operating and free cash flow. Technicals reinforce the caution, with the price below all key moving averages and a negative MACD, though oversold RSI and Stochastic readings hint at scope for a short-term bounce. Valuation offers little support given negative earnings and a small 0.61% dividend yield. The main mitigating factor is a conservative balance sheet, with debt-to-equity of just 0.13 and equity funding over half of assets, which limits solvency risk while management works to stabilize margins and cash generation.
D-Link Corporation (2332) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 9.64B
- Dividend Yield
- 0.57%
- Average Volume (3M)
- 10.38M
- Price to Earnings (P/E)
- -37.2
- Beta (1Y)
- 0.95
- Revenue Growth
- 3.00%
- EPS Growth
- -18.21%
- Country
- TW
- Employees
- 515
- Sector
- General
- Sector Strength
- 55
- Industry
- Communication Equipment
D-Link Corporation Business Overview & Revenue Model
Company Description
Headquartered in Taipei City, Taiwan, D-Link Corporation is a global enterprise dedicated to the innovation, development, and commercialization of a broad spectrum of networking technologies and related components. Its operations span both domestic T...
D-Link Corporation Financial Statement Overview
Summary
D-Link's fundamentals are weak overall. Revenue has fallen for three straight years (from about NT$17.1bn in 2022 to roughly NT$13.4bn), gross margin has compressed from 31.5% to 22.7%, and the company swung to an operating loss of about NT$338m and a net loss of roughly NT$540m. Cash flow deteriorated in parallel, with operating cash flow turning to a NT$211m outflow and free cash flow to negative NT$333m. The offsetting strength is a conservative balance sheet: debt-to-equity of only 0.13, equity funding about 52% of assets, and ample liquidity to absorb the current downturn. The result is a financially durable but operationally challenged profile.
Income Statement
30NegativeBalance Sheet
68PositiveCash Flow
28Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.01B | 13.37B | 14.40B | 15.94B | 17.08B | 15.52B |
| Gross Profit | 3.11B | 3.03B | 3.70B | 3.84B | 4.31B | 4.19B |
| EBITDA | 341.20M | -15.05M | 750.74M | 1.24B | 714.17M | 693.99M |
| Net Income | -278.82M | -539.53M | 35.32M | 567.58M | 260.38M | 239.20M |
Balance Sheet | ||||||
| Total Assets | 15.88B | 15.82B | 16.49B | 16.62B | 15.42B | 14.50B |
| Cash, Cash Equivalents and Short-Term Investments | 3.90B | 3.95B | 5.18B | 4.53B | 3.00B | 2.47B |
| Total Debt | 1.04B | 1.04B | 873.05M | 1.11B | 456.04M | 440.46M |
| Total Liabilities | 5.20B | 5.07B | 4.99B | 5.03B | 5.86B | 5.50B |
| Stockholders Equity | 8.21B | 8.30B | 8.97B | 9.08B | 8.91B | 8.48B |
Cash Flow | ||||||
| Free Cash Flow | -504.05M | -332.63M | 1.06B | 967.48M | 91.95M | -1.73B |
| Operating Cash Flow | -407.26M | -211.07M | 1.17B | 1.09B | 193.18M | -1.67B |
| Investing Cash Flow | -282.05M | -703.23M | -353.23M | 1.23B | 92.65M | -1.05B |
| Financing Cash Flow | 15.09M | -162.72M | -773.19M | -682.04M | -355.27M | -883.14M |
D-Link Corporation Peers Comparison
Overall Rating
TW:626375Outperform
TW:624564Neutral
TW:320959Neutral
TW:627759Neutral- TW:233241Neutral
TW:248539Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:6263 | 75Outperform | TWD 9.84B | 17.61 | ― | 4.95% | 0.94% | 4.67% |
| TW:6245 | 64Neutral | TWD 12.61B | 19.61 | ― | 4.39% | 11.74% | 8.17% |
| TW:3209 | 59Neutral | TWD 11.57B | 8.56 | ― | 4.27% | 22.25% | 199.92% |
| TW:6277 | 59Neutral | TWD 8.70B | 17.58 | ― | 4.81% | 12.17% | 31.16% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:2332 | 41Neutral | TWD 10.54B | -37.21 | ― | 0.57% | 3.00% | -18.21% |
| TW:2485 | 39Underperform | TWD 10.02B | 36.85 | ― | ― | 74.93% | ― |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:2332 | D-Link Corporation | 17.50 | 1.60 | 10.06% | |
| TW:2485 | Zinwell Corporation | 31.55 | 13.65 | 76.26% | |
| TW:3209 | Alltek Technology Corp. | 46.80 | 16.58 | 54.88% | |
| TW:6245 | Lanner Electronics Inc. | 86.60 | 16.42 | 23.40% | |
| TW:6263 | Planet Technology Corporation | 157.50 | 32.13 | 25.63% | |
| TW:6277 | Aten International Co., Ltd. | 72.80 | 14.99 | 25.92% |
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