Welltend Technology Corporation AI Stock Analysis
Welltend Technology Corporation (3021) AI Stock Analysis
Welltend Technology Corporation
(TWSE:3021)
Welltend Technology scores below average, driven primarily by eroding profitability: five consecutive years of gross margin compression, net margin under 1%, net income down more than 75% since 2023 and return on equity below 2%. A moderately leveraged balance sheet (debt-to-equity ~0.52) and consistently positive free cash flow provide stability but do not offset the earnings decline. Technicals reinforce caution, with the price below all major moving averages and negative MACD, albeit at deeply oversold RSI and Stochastic readings. Valuation is a trade-off: an elevated 29.3x P/E on depressed earnings against an attractive 4.38% dividend yield. A clear turnaround in pricing or cost control is needed to improve the outlook.
Welltend Technology Corporation (3021) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 2.02B
- Dividend Yield
- 4.38%
- Average Volume (3M)
- 600.74K
- Price to Earnings (P/E)
- 28.8
- Beta (1Y)
- 1.25
- Revenue Growth
- -2.04%
- EPS Growth
- ―
- Country
- TW
- Employees
- 197
- Sector
- General
- Sector Strength
- 55
- Industry
- Hardware, Equipment & Parts
Welltend Technology Corporation Business Overview & Revenue Model
Company Description
Established in 1973 and headquartered in Taipei City, Taiwan, Welltend Technology Corporation is a global supplier of electronic components and wire connectors. These products are broadly utilized across various sectors, including automotive electron...
Welltend Technology Corporation Financial Statement Overview
Summary
Profitability is the main weak spot. Revenue slipped about 4% to NT$3.34 billion and gross margin has compressed for five straight years (21.1% to 15.6%), pushing net margin below 1% and cutting net income to NT$31 million, roughly a quarter of 2023's level. Return on equity has collapsed to under 2% from 12.4% in 2022. Offsetting this, the balance sheet is stable with debt-to-equity near 0.52 and equity funding about half of assets, and cash generation remains positive with operating cash flow of NT$198 million and free cash flow of NT$98 million covering net income several times over — though free cash flow has now declined two years running and borrowings rose about 12%.
Income Statement
33NegativeBalance Sheet
57NeutralCash Flow
55Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.28B | 3.34B | 3.47B | 3.00B | 3.91B | 3.37B |
| Gross Profit | 583.50M | 518.97M | 580.91M | 544.74M | 722.89M | 682.55M |
| EBITDA | 250.42M | 188.42M | 246.84M | 284.64M | 403.35M | 301.31M |
| Net Income | 71.70M | 31.24M | 55.48M | 128.58M | 184.19M | 130.73M |
Balance Sheet | ||||||
| Total Assets | 3.27B | 3.24B | 3.17B | 2.93B | 3.08B | 2.79B |
| Cash, Cash Equivalents and Short-Term Investments | 1.04B | 1.06B | 1.04B | 864.21M | 566.91M | 456.07M |
| Total Debt | 888.04M | 825.03M | 736.05M | 740.86M | 765.30M | 733.45M |
| Total Liabilities | 1.61B | 1.59B | 1.50B | 1.40B | 1.59B | 1.52B |
| Stockholders Equity | 1.59B | 1.59B | 1.63B | 1.53B | 1.49B | 1.27B |
Cash Flow | ||||||
| Free Cash Flow | 72.34M | 98.50M | 179.17M | 412.61M | 111.14M | -29.74M |
| Operating Cash Flow | 159.58M | 197.76M | 207.25M | 454.81M | 158.10M | 15.20M |
| Investing Cash Flow | -73.57M | -73.14M | -135.69M | -48.36M | -30.42M | -58.99M |
| Financing Cash Flow | -80.21M | -34.26M | -17.37M | -94.43M | -57.74M | -81.14M |
Welltend Technology Corporation Peers Comparison
Overall Rating
TW:670866Neutral
TW:668450Neutral
TW:352749Neutral- TW:302145Neutral
TW:612940Underperform
TW:623740Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:6708 | 66Neutral | TWD 1.95B | 150.00 | ― | ― | 7.17% | ― |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:6684 | 50Neutral | TWD 1.71B | -20.34 | ― | ― | -5.97% | -188.13% |
| TW:3527 | 49Neutral | TWD 1.89B | -75.85 | ― | 2.35% | -10.31% | 37.12% |
| TW:3021 | 45Neutral | TWD 1.93B | 28.80 | ― | 4.38% | -2.04% | ― |
| TW:6129 | 40Underperform | TWD 2.01B | -21.99 | ― | ― | 24.89% | 59.91% |
| TW:6237 | 40Underperform | TWD 2.04B | -40.21 | ― | 0.38% | 16.53% | 36.57% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:3021 | Welltend Technology Corporation | 20.60 | 4.20 | 25.64% | |
| TW:3527 | Macroblock, Inc. | 42.55 | -9.64 | -18.46% | |
| TW:6129 | Princeton Technology Corporation | 11.45 | -5.24 | -31.40% | |
| TW:6237 | C-Media Electronics Inc. | 26.00 | -13.90 | -34.84% | |
| TW:6684 | Algoltek, Inc. | 38.50 | -18.50 | -32.46% | |
| TW:6708 | Mars Semiconductor Corp. | 68.20 | 29.45 | 76.00% |
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