Transcend Information, Inc. (2451) AI Stock Analysis

Transcend Information, Inc.

(TWSE:2451)

Select Model

Rating:82Outperform

Price Target:TWD 287.00▲(22.13% Upside)

Action:initiatedcoverage

Date:11/10/26

The overall score is supported primarily by exceptional financial performance and highly attractive valuation. Weak technical momentum reduces the score, as the stock remains below all major moving averages despite oversold momentum readings.

Positive Factors

Revenue and Margin ExpansionThe 2025 rebound combined strong revenue growth with materially higher gross, EBIT, and net margins, indicating improved operating performance rather than growth alone. If these gains persist, they can strengthen internal funding capacity and support durable earnings over the next several quarters.

Negative Factors

Cyclical Revenue HistoryThe sharp 2025 improvement follows several uneven years, showing that demand and earnings can vary materially over the cycle. This history makes the latest growth and elevated margins less certain as a durable base, increasing the risk of future normalization in operating performance.

Transcend Information, Inc. (2451) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 100.28B
Dividend Yield: 5.06%
Average Volume (3M): 3.46M
Price to Earnings (P/E): 4.0
Beta (1Y): 0.67
Revenue Growth: 331.33%
EPS Growth: 997.91%
Country: TW
Employees: 2,360
Sector: General
Sector Strength: 55
Industry: Computer Hardware

Transcend Information, Inc. Business Overview & Revenue Model

Company Description

Transcend Information, Inc. operates globally as a technology company specializing in the manufacturing, processing, and sale of a broad spectrum of computer hardware, software, and peripheral equipment. Its market reach extends across Taiwan, the wi...

Transcend Information, Inc. Financial Statement Overview

Summary

Exceptional financial profile: strong revenue and profit growth, improving margins, minimal debt, high return on equity, and robust free cash flow. Historical revenue and cash-flow volatility remains the main risk.

Income Statement

93Very Positive

Balance Sheet

98Very Positive

Cash Flow

91Very Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	43.36B	17.13B	10.08B	10.50B	12.12B	14.31B
Gross Profit	30.95B	8.02B	3.09B	3.04B	2.72B	4.18B
EBITDA	29.56B	6.67B	2.97B	2.64B	3.55B	3.38B
Net Income	24.79B	5.57B	2.31B	1.98B	2.45B	2.53B
Balance Sheet
Total Assets	53.94B	26.23B	21.40B	22.29B	21.53B	22.44B
Cash, Cash Equivalents and Short-Term Investments	19.22B	11.14B	7.72B	9.99B	11.80B	9.09B
Total Debt	27.54M	55.83M	107.57M	154.58M	180.77M	42.95M
Total Liabilities	15.47B	3.21B	1.58B	3.02B	1.98B	2.60B
Stockholders Equity	38.47B	23.02B	19.82B	19.27B	19.55B	19.83B
Cash Flow
Free Cash Flow	14.41B	5.30B	-1.06B	1.29B	5.07B	2.43B
Operating Cash Flow	14.45B	5.32B	-987.82M	1.31B	5.11B	2.45B
Investing Cash Flow	4.12B	4.73B	3.29B	-144.87M	-1.29B	263.19M
Financing Cash Flow	-2.69B	-2.68B	-2.20B	-2.45B	-2.63B	-1.36B

Transcend Information, Inc. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:2451 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:2451	82Outperform	TWD 100.50B	4.03	―	5.06%	331.33%	997.91%
TW:3260	67Neutral	TWD 108.32B	3.69	―	11.50%	125.32%	984.80%
TW:5289	61Neutral	TWD 96.13B	5.29	―	1.72%	467.69%	1646.54%
TW:3706	60Neutral	TWD 102.99B	12.88	―	4.22%	50.91%	23.24%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:2377	50Neutral	TWD 118.28B	12.14	―	3.00%	1.41%	111.21%

* General Sector Average

Performance Comparison

TW:2451 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:2451	Transcend Information, Inc.	235.00	27.66	13.34%
TW:2377	Micro-Star International Co., Ltd.	145.00	38.64	36.33%
TW:3260	ADATA Technology Co., Ltd.	304.00	102.75	51.05%
TW:3706	MiTAC Holdings Corp.	69.40	-15.62	-18.37%
TW:5289	Innodisk Corp.	992.00	451.04	83.38%
TW:7711	ASrock Rack, Inc.	559.00	186.62	50.12%

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

Transcend Information, Inc. AI Stock Analysis