Stark Technology, Inc. (2480) AI Stock Analysis

Stark Technology, Inc.

(TWSE:2480)

Select Model

Rating:71Outperform

Price Target:TWD 183.00▲(1.10% Upside)

Action:initiatedcoverage

Date:11/10/26

Strong financial performance with steady profitability and low leverage is the primary driver, tempered by short-term technical weakness despite oversold signals and supported by reasonable valuation with solid yield.

Positive Factors

Strong Balance SheetThe company has historically operated with very low leverage, while equity has steadily increased and return on equity remained roughly 18% to 24%. This supports financial resilience, preserves borrowing capacity, and gives management flexibility to fund operations and future priorities.

Negative Factors

Sharp Revenue DeclineThe approximately 53% revenue decline in 2025 is a significant deterioration in the growth profile and raises questions about demand durability. Even with positive profits, such contraction can reduce operating leverage, weaken scale benefits, and pressure future earnings consistency.

Stark Technology, Inc. (2480) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 20.05B
Dividend Yield: 4.31%
Average Volume (3M): 428.41K
Price to Earnings (P/E): 19.6
Beta (1Y): 0.40
Revenue Growth: 14.18%
EPS Growth: 17.00%
Country: TW
Employees: 471
Sector: General
Sector Strength: 55
Industry: Computer Hardware

Stark Technology, Inc. Business Overview & Revenue Model

Company Description

Stark Technology, Inc., founded in 1993 and headquartered in Hsinchu City, Taiwan, delivers comprehensive information and communication technology (ICT) system integration services throughout Taiwan. The company specializes in integrating various dom...

Stark Technology, Inc. Financial Statement Overview

Summary

Strong revenue growth and high ROE near 24% supported by conservative leverage of 0.16, though volatile operating cash flows introduce some inconsistency.

Income Statement

79Positive

Balance Sheet

82Very Positive

Cash Flow

58Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	9.03B	8.39B	7.54B	7.27B	6.73B	6.58B
Gross Profit	2.11B	2.04B	1.89B	1.79B	1.73B	1.60B
EBITDA	1.07B	1.04B	1.04B	1.01B	949.13M	842.20M
Net Income	931.89M	851.29M	798.06M	783.24M	735.17M	638.16M
Balance Sheet
Total Assets	9.47B	8.06B	7.14B	6.67B	6.51B	5.79B
Cash, Cash Equivalents and Short-Term Investments	1.59B	1.12B	1.18B	1.83B	1.55B	1.46B
Total Debt	143.77M	572.46M	110.12M	32.36M	195.23M	95.41M
Total Liabilities	6.20B	4.54B	3.70B	3.40B	3.38B	2.77B
Stockholders Equity	3.28B	3.52B	3.44B	3.27B	3.13B	3.02B
Cash Flow
Free Cash Flow	911.64M	378.63M	-75.77M	1.11B	664.75M	542.58M
Operating Cash Flow	1.02B	484.74M	101.57M	1.18B	675.61M	561.06M
Investing Cash Flow	-247.01M	-212.74M	-119.41M	-39.15M	-67.83M	-56.03M
Financing Cash Flow	-697.90M	-334.47M	-653.92M	-833.86M	-530.26M	-404.06M

Stark Technology, Inc. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:2480 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:8099	75Outperform	TWD 13.71B	44.91	―	1.40%	27.23%	58.65%
TW:3029	72Outperform	TWD 20.79B	17.94	―	4.07%	―	―
TW:2480	71Outperform	TWD 18.08B	19.57	―	4.31%	14.18%	17.00%
TW:3704	57Neutral	TWD 14.44B	11.19	―	1.13%	4.90%	31.87%
TW:6166	56Neutral	TWD 19.80B	16.47	―	1.28%	31.89%	141.45%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* General Sector Average

Performance Comparison

TW:2480 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:2480	Stark Technology, Inc.	181.00	37.05	25.74%
TW:3029	Zero One Technology Co., Ltd.	135.00	24.41	22.07%
TW:3704	Zyxel Group Corporation	35.30	-0.49	-1.37%
TW:6166	Adlink Technology Inc.	93.40	35.82	62.20%
TW:7805	QNAP Systems, Inc.	388.50	-177.87	-31.41%
TW:8099	Tatung System Technologies Inc.	150.50	80.58	115.26%

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

Stark Technology, Inc. AI Stock Analysis