Altek Corporation (3059) AI Stock Analysis

Altek Corporation

(TWSE:3059)

Select Model

Rating:51Neutral

Price Target:TWD 32.00▼(-11.11% Downside)

Action:initiatedcoverage

Date:11/10/26

The overall score of 51 reflects a company with a solid balance sheet but significant operational and market headwinds. The primary positive is the low financial leverage and healthy equity base. However, this is outweighed by the combination of volatile and thin profitability, declining cash flows, and a strongly bearish technical picture with the stock in oversold territory. The moderate dividend yield provides some valuation support but is not enough to offset the negative momentum and earnings quality concerns.

Positive Factors

DeleveragingLower leverage strengthens Altek’s financial flexibility and reduces balance-sheet pressure during demand fluctuations. The improved debt-to-equity ratio can support continued investment, preserve borrowing capacity, and make the company more resilient across the next several quarters.

Negative Factors

Low ProfitabilityThin net margins and low returns on equity limit the earnings produced from each dollar of revenue and invested capital. This leaves less room to absorb pricing or cost pressure and makes sustained improvement in shareholder returns dependent on stronger operating profitability.

Altek Corporation (3059) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 11.30B
Dividend Yield: 2.77%
Average Volume (3M): 1.39M
Price to Earnings (P/E): 27.5
Beta (1Y): 0.89
Revenue Growth: 6.61%
EPS Growth: 1.93%
Country: TW
Employees: 5,856
Sector: General
Sector Strength: 55
Industry: Hardware, Equipment & Parts

Altek Corporation Business Overview & Revenue Model

Company Description

Altek Corporation, together with its subsidiaries, engages in the development, manufacture, and sale of automobile cameras, and medical and digital image technology application products. The company manufactures, produces, and sells digital still cam...

Altek Corporation Financial Statement Overview

Summary

Financial performance is mixed. The balance sheet is a clear strength with low leverage (D/E 0.25) and growing equity, but income and cash flow statements show significant weaknesses: volatile revenue, compressed margins, and declining cash generation. The overall score reflects a stable foundation offset by poor operating momentum.

Income Statement

48Neutral

Balance Sheet

72Positive

Cash Flow

55Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	8.98B	8.68B	7.20B	9.10B	14.03B	9.09B
Gross Profit	2.21B	2.25B	2.09B	2.46B	2.90B	2.16B
EBITDA	583.92M	678.99M	870.72M	1.12B	1.11B	747.49M
Net Income	386.13M	377.66M	318.00M	350.99M	456.74M	224.73M
Balance Sheet
Total Assets	16.67B	17.17B	16.88B	15.84B	16.24B	16.34B
Cash, Cash Equivalents and Short-Term Investments	6.32B	6.66B	7.39B	6.19B	5.71B	5.50B
Total Debt	2.28B	2.54B	3.08B	3.27B	3.22B	3.23B
Total Liabilities	5.98B	6.78B	6.32B	6.72B	7.04B	6.95B
Stockholders Equity	10.18B	9.99B	10.10B	8.76B	8.86B	8.60B
Cash Flow
Free Cash Flow	-69.89M	634.81M	1.07B	1.41B	251.37M	-909.66M
Operating Cash Flow	260.11M	839.75M	1.19B	1.56B	415.79M	-211.38M
Investing Cash Flow	191.17M	-1.05B	-1.69B	-708.98M	327.53M	-24.51M
Financing Cash Flow	-351.90M	-835.28M	300.77M	-377.17M	-1.05B	327.47M

Altek Corporation Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:3059 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:4953	68Neutral	TWD 8.49B	10.53	―	4.57%	26.80%	60.84%
TW:2305	59Neutral	TWD 8.49B	49.02	―	―	98.03%	―
TW:3209	59Neutral	TWD 11.76B	7.99	―	4.18%	40.47%	194.80%
TW:2465	58Neutral	TWD 14.04B	23.00	―	―	61.25%	―
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:3059	51Neutral	TWD 10.89B	27.48	―	2.77%	6.61%	1.93%
TW:2231	34Underperform	TWD 10.74B	-86.93	―	0.64%	-19.23%	-116.76%

* General Sector Average

Performance Comparison

TW:3059 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:3059	Altek Corporation	36.00	-5.20	-12.63%
TW:2231	CUB Elecparts, Inc.	77.80	-21.51	-21.66%
TW:2305	Microtek International, Inc.	40.20	29.20	265.45%
TW:2465	Leadtek Research Inc.	164.00	105.30	179.39%
TW:3209	Alltek Technology Corp.	47.80	17.08	55.59%
TW:4953	WITS Corp.	112.50	-3.52	-3.04%

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

Altek Corporation AI Stock Analysis