Zippy Technology Corp (2420) AI Stock Analysis

Zippy Technology Corp

(TWSE:2420)

Select Model

Rating:70Outperform

Price Target:TWD 54.00▲(7.36% Upside)

Action:initiatedcoverage

Date:11/10/26

The score is supported primarily by the strong balance sheet, profitability, cash generation, and attractive valuation. These strengths are tempered by declining financial performance and weak technical momentum, despite oversold indicators.

Positive Factors

High ProfitabilityPersistently strong gross, operating, and net margins indicate that Zippy converts sales into profit efficiently. This provides resilience against moderate business volatility, supports internally funded investment, and gives the company room to protect returns while addressing uneven revenue growth.

Negative Factors

Revenue ContractionRepeated revenue declines indicate that demand or business activity has not followed a stable growth path. Prolonged top-line weakness can reduce operating leverage, limit reinvestment capacity, and make it harder for strong margins to translate into sustained earnings expansion.

Zippy Technology Corp (2420) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 7.80B
Dividend Yield: 5.96%
Average Volume (3M): 422.44K
Price to Earnings (P/E): 10.4
Beta (1Y): 0.67
Revenue Growth: 5.40%
EPS Growth: 31.54%
Country: TW
Employees: 600
Sector: General
Sector Strength: 55
Industry: Electrical Equipment & Parts

Zippy Technology Corp Business Overview & Revenue Model

Company Description

Zippy Technology Corp., founded in 1983 and based in New Taipei City, Taiwan, operates as a global producer and distributor of specialized electronic components. The company's core offerings include a broad spectrum of industrial power supplies and a...

Zippy Technology Corp Financial Statement Overview

Summary

Strong balance sheet, low leverage, solid margins, and reliable cash conversion support the score. However, revenue, net income, operating cash flow, free cash flow, and return on equity declined.

Income Statement

68Positive

Balance Sheet

84Very Positive

Cash Flow

73Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.20B	2.18B	2.24B	2.13B	2.64B	2.66B
Gross Profit	1.06B	1.00B	1.07B	906.24M	1.12B	1.03B
EBITDA	866.09M	708.62M	938.26M	789.79M	968.28M	828.76M
Net Income	682.82M	597.02M	666.02M	541.61M	675.84M	582.52M
Balance Sheet
Total Assets	6.07B	5.61B	5.67B	5.38B	5.59B	5.70B
Cash, Cash Equivalents and Short-Term Investments	1.70B	1.37B	1.38B	1.05B	811.60M	837.65M
Total Debt	1.02B	1.03B	1.09B	1.13B	1.19B	1.29B
Total Liabilities	2.15B	1.61B	1.72B	1.69B	1.89B	2.27B
Stockholders Equity	3.89B	3.98B	3.92B	3.66B	3.66B	3.39B
Cash Flow
Free Cash Flow	651.29M	611.03M	815.96M	824.58M	484.14M	731.74M
Operating Cash Flow	714.42M	653.64M	850.94M	848.18M	519.41M	777.32M
Investing Cash Flow	-151.83M	-94.35M	-196.96M	-13.08M	-34.49M	-44.23M
Financing Cash Flow	-585.09M	-595.73M	-508.92M	-587.88M	-539.38M	-660.47M

Zippy Technology Corp Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:2420 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:2420	70Outperform	TWD 7.68B	10.41	―	5.96%	5.40%	31.54%
TW:3479	59Neutral	TWD 7.72B	14.40	―	4.34%	10.71%	1.91%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:3015	55Neutral	TWD 8.02B	16.87	―	5.13%	-5.43%	17.09%
TW:2457	43Neutral	TWD 7.73B	-17.50	―	―	-12.04%	-42.72%
TW:8163	41Neutral	TWD 7.03B	28.48	―	1.99%	7.26%	-0.41%
TW:3032	39Underperform	TWD 7.51B	-21.21	―	4.11%	41.24%	-89.74%

* General Sector Average

Performance Comparison

TW:2420 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:2420	Zippy Technology Corp	50.30	1.63	3.35%
TW:2457	Phihong Technology Co., Ltd.	18.20	-13.35	-42.31%
TW:3015	FSP Technology Inc.	42.85	-10.92	-20.31%
TW:3032	Compucase Enterprise Co., Ltd.	66.30	-24.20	-26.74%
TW:3479	Avalue Technology Inc.	106.50	1.91	1.83%
TW:8163	Darfon Electronics Corp	25.10	-7.57	-23.17%

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 10, 2026

Zippy Technology Corp AI Stock Analysis