Zero One Technology Co., Ltd. AI Stock Analysis
Zero One Technology Co., Ltd. (3029) AI Stock Analysis
Zero One Technology Co., Ltd.
(TWSE:3029)
The score is driven primarily by strong fundamentals: 30%+ revenue and earnings growth, a near debt-free balance sheet, 19% return on equity and excellent cash conversion, with free cash flow matching almost all reported profit. Valuation reinforces the case, with a reasonable 15.3x P/E and a generous 4.89% dividend yield. The main drags are technical and structural — the stock has slipped below its short-term moving averages with weak momentum indicators, and razor-thin hardware margins that compressed slightly last year leave limited room for error, alongside a history of working-capital-driven cash flow swings.
Zero One Technology Co., Ltd. (3029) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 21.81B
- Dividend Yield
- 4.40%
- Average Volume (3M)
- 2.54M
- Price to Earnings (P/E)
- 16.9
- Beta (1Y)
- 0.59
- Revenue Growth
- ―
- EPS Growth
- ―
- Country
- TW
- Employees
- 312
- Sector
- General
- Sector Strength
- 55
- Industry
- Computer Hardware
Zero One Technology Co., Ltd. Business Overview & Revenue Model
Company Description
Operating as a key agency and sales channel for enterprise information technology equipment throughout Taiwan, Zero One Technology Co., Ltd. provides a comprehensive suite of services. These offerings include system administration, cybersecurity, net...
Zero One Technology Co., Ltd. Financial Statement Overview
Summary
Zero One Technology combines rapid growth with a very clean balance sheet. Revenue jumped roughly 35% to NT$24.9 billion and net income rose about 31% to NT$1.09 billion, while return on equity improved to 19.0% from 15.0%. Debt-to-equity of just 0.05 leaves negligible refinancing or interest-rate risk, and cash generation is the standout feature: operating cash flow of NT$1.87 billion and free cash flow of NT$1.85 billion, equal to roughly 99% of net income, with very light capital spending. Offsetting these strengths are structurally thin margins typical of the hardware supply chain (gross 12.2%, operating 6.0%, net 4.4%), each of which slipped slightly year over year, plus a heavy reliance on supplier and working-capital financing that produced negative free cash flow as recently as 2022.
Income Statement
76PositiveBalance Sheet
80PositiveCash Flow
82Very Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 26.11B | 24.89B | 18.48B | 13.92B | 12.73B | 12.88B |
| Gross Profit | 3.29B | 3.03B | 2.43B | 1.64B | 1.49B | 1.30B |
| EBITDA | 1.68B | 1.60B | 1.33B | 826.48M | 743.57M | 701.81M |
| Net Income | 1.16B | 1.09B | 833.77M | 691.52M | 613.58M | 537.36M |
Balance Sheet | ||||||
| Total Assets | 18.02B | 15.16B | 13.28B | 7.98B | 8.02B | 7.68B |
| Cash, Cash Equivalents and Short-Term Investments | 3.98B | 4.25B | 3.54B | 2.09B | 2.21B | 2.26B |
| Total Debt | 1.57B | 262.03M | 77.04M | 37.55M | 25.09M | 15.53M |
| Total Liabilities | 11.49B | 8.15B | 6.40B | 3.69B | 4.03B | 3.73B |
| Stockholders Equity | 5.23B | 5.75B | 5.54B | 4.14B | 3.95B | 3.91B |
Cash Flow | ||||||
| Free Cash Flow | 620.10M | 1.85B | 1.46B | 538.85M | -124.92M | 336.10M |
| Operating Cash Flow | 834.31M | 1.87B | 1.52B | 802.65M | -117.22M | 345.97M |
| Investing Cash Flow | 807.26M | 241.83M | -236.86M | -934.98M | 668.35M | -616.27M |
| Financing Cash Flow | -149.67M | -844.36M | -26.06M | -437.95M | -548.49M | 652.53M |
Zero One Technology Co., Ltd. Peers Comparison
Overall Rating
TW:809975Outperform- TW:302972Outperform
TW:248070Outperform
TW:369358.5Neutral
TW:303353Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:8099 | 75Outperform | TWD 13.71B | 37.15 | ― | 1.53% | 27.23% | 58.65% |
| TW:3029 | 72Outperform | TWD 20.79B | 16.93 | ― | 4.40% | ― | ― |
| TW:2480 | 70Outperform | TWD 18.08B | 18.38 | ― | 4.59% | 14.18% | 17.00% |
| TW:3693 | 59Neutral | TWD 26.65B | 42.76 | ― | 1.29% | -20.76% | -34.98% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:3033 | 53Neutral | TWD 19.77B | 7.86 | ― | 5.09% | 19.40% | 191.59% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:3029 | Zero One Technology Co., Ltd. | 125.00 | 14.41 | 13.03% | |
| TW:2480 | Stark Technology, Inc. | 170.00 | 26.05 | 18.10% | |
| TW:3033 | Weikeng Industrial Co., Ltd. | 37.70 | 8.14 | 27.53% | |
| TW:3693 | AIC, Inc. | 620.00 | 285.38 | 85.29% | |
| TW:7805 | QNAP Systems, Inc. | 383.50 | -182.87 | -32.29% | |
| TW:8099 | Tatung System Technologies Inc. | 137.00 | 67.08 | 95.95% |
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