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Ares International Corp. (2471) AI Stock Analysis

TW:2471

Ares International Corp.

(TWSE:2471)

Select Model
Rating:84Outperform
Price Target:TWD 60.00â–²(0.33% Upside)
Action:initiatedcoverage
Date:11/10/26

The score is supported primarily by excellent financial strength, low leverage, attractive valuation, and a high dividend yield. Positive positioning above all major moving averages is a secondary strength, while margin pressure and neutral momentum limit further upside.

Positive Factors
Revenue GrowthThe sustained upward revenue trajectory indicates expanding business activity and improving demand for the company’s enterprise software and IT services. Continued top-line growth can support reinvestment, strengthen customer relationships, and provide a durable foundation for earnings over the next several quarters.
Negative Factors
Uneven Operating Cash FlowOperating cash flow that regularly trails net income suggests earnings conversion is affected by working-capital swings and timing in collections or project delivery. Persistent unevenness could make internally funded investment and shareholder distributions less predictable despite the latest improvement in free cash flow.

Ares International Corp. (2471) vs. SPDR S&P 500 ETF (SPY)

-10%-5%0%5%10%15%20%25%30%TW:2471+27.74%SPY+14.28%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
TWD 2.99B
Dividend Yield
5.54%
Average Volume (3M)
688.24K
Price to Earnings (P/E)
12.4
Beta (1Y)
0.41
Revenue Growth
9.46%
EPS Growth
85.40%
Country
TW
Employees
288
Sector
General
Sector Strength
55
Industry
Information Technology Services

Ares International Corp. Business Overview & Revenue Model

Company Description

Founded in 1980 and headquartered in Taipei, Taiwan, Ares International Corp. delivers a broad spectrum of IT products and specialized services. The company primarily caters to financial institutions, government agencies, and enterprises across Taiwa...

Ares International Corp. Financial Statement Overview

Summary

Strong overall financial performance, led by excellent balance-sheet strength and very low leverage. Profitability and cash generation are solid, though declining margins and historical cash-flow volatility temper the score.

Income Statement

82Very Positive

Balance Sheet

97Very Positive

Cash Flow

84Very Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue1.04B1.00B877.67M841.83M802.50M800.73M
Gross Profit456.25M434.11M352.42M343.79M335.99M333.78M
EBITDA239.25M202.72M190.16M197.15M197.82M159.60M
Net Income228.86M171.74M157.38M172.97M143.42M114.53M
Balance Sheet
Total Assets1.67B1.54B1.45B1.46B1.41B1.34B
Cash, Cash Equivalents and Short-Term Investments1.14B958.33M873.87M950.47M890.12M836.09M
Total Debt12.26M22.10M11.52M16.66M6.97M21.23M
Total Liabilities798.40M594.70M524.54M545.50M530.03M516.27M
Stockholders Equity865.44M944.45M919.53M910.29M873.47M815.14M
Cash Flow
Free Cash Flow406.99M250.21M75.12M126.09M169.84M18.78M
Operating Cash Flow408.43M258.76M127.32M128.80M172.06M21.15M
Investing Cash Flow14.38M-104.00K92.19M2.16M-28.26M1.64M
Financing Cash Flow-164.83M-164.78M-172.91M-151.21M-122.56M-88.32M

Ares International Corp. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TW:2471 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
TW:2471TW:247184OutperformTWD 2.57B12.38―5.54%9.46%85.40%
TW:3158TW:315877OutperformTWD 2.48B10.66―8.04%――
TW:3570TW:357073OutperformTWD 2.76B13.01―5.72%5.84%6.04%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
TW:5356TW:535655NeutralTWD 2.51B18.70―8.21%4.87%156.29%

* General Sector Average

Performance Comparison

-40%-20%0%20%TW:2471TW:3158TW:3570TW:5356TW:6614TW:7823Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TW:2471 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TW:2471Ares International Corp.59.8012.4226.22%
TW:3158SysJust Co., Ltd.80.80-27.15-25.15%
TW:3570Otsuka Information Technology Corp.169.504.622.80%
TW:5356Sirtec International Co., Ltd.24.351.014.31%
TW:6614International Integrated Systems, Inc.31.70-33.00-51.00%
TW:7823CyCraft Technology Corporation77.00-71.00-47.97%
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