Taiwan Kong King Co. Ltd. (3093) AI Stock Analysis

Taiwan Kong King Co. Ltd.

(TPEx:3093)

Select Model

Rating:61Neutral

Price Target:TWD 35.00▼(-7.65% Downside)

Action:initiatedcoverage

Date:11/10/26

The score is supported primarily by an exceptionally strong balance sheet and continued positive earnings and cash flow. However, declining revenue, margin compression, weaker cash-flow trends, bearish technical positioning, and a high P/E ratio materially limit the overall score.

Positive Factors

Very low leverage and strong balance sheetExtremely low leverage materially reduces financial risk and interest-related pressure, giving the company flexibility to withstand weaker operating conditions. A largely equity-funded balance sheet also supports continued investment and preserves options for capital allocation without depending heavily on external borrowing.

Negative Factors

Persistent revenue contractionThe multi-year weakening in revenue indicates reduced operating momentum rather than an isolated quarterly fluctuation. Continued sales contraction can limit scale benefits, weaken the company’s ability to absorb fixed costs, and make it harder to sustain earnings growth over the next several reporting periods.

Taiwan Kong King Co. Ltd. (3093) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 5.19B
Dividend Yield: 3.03%
Average Volume (3M): 288.12K
Price to Earnings (P/E): 39.2
Beta (1Y): 0.88
Revenue Growth: -27.55%
EPS Growth: -23.76%
Country: TW
Employees: 248
Sector: General
Sector Strength: 55
Industry: Hardware, Equipment & Parts

Taiwan Kong King Co. Ltd. Business Overview & Revenue Model

Company Description

Taiwan Kong King Co.,Ltd functions as a dedicated specialist agent, connecting electronics-related manufacturers in both Taiwan and mainland China. The company's product portfolio is extensive, featuring essential electronic components such as rigid...

Taiwan Kong King Co. Ltd. Financial Statement Overview

Summary

Strong balance sheet with approximately NT$2.0 million of debt, debt-to-equity below 0.2%, and healthy equity, but declining revenue, compressed margins, lower ROE, and reduced free cash flow weaken the overall financial profile.

Income Statement

55Neutral

Balance Sheet

92Very Positive

Cash Flow

62Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.48B	1.87B	1.34B	1.80B	2.57B	2.02B
Gross Profit	470.13M	567.89M	498.56M	689.53M	986.04M	692.31M
EBITDA	191.92M	252.68M	222.69M	390.85M	620.13M	359.39M
Net Income	141.64M	177.47M	154.01M	292.58M	478.38M	269.06M
Balance Sheet
Total Assets	2.35B	1.67B	1.61B	1.67B	2.09B	1.77B
Cash, Cash Equivalents and Short-Term Investments	871.02M	820.18M	746.09M	961.76M	1.21B	920.64M
Total Debt	5.70M	1.97M	36.47M	3.87M	8.82M	29.75M
Total Liabilities	774.44M	571.18M	541.93M	509.66M	793.82M	725.67M
Stockholders Equity	1.57B	1.10B	1.07B	1.16B	1.30B	1.04B
Cash Flow
Free Cash Flow	173.67M	238.61M	35.34M	192.69M	502.33M	363.21M
Operating Cash Flow	183.02M	257.86M	127.62M	205.25M	529.85M	431.04M
Investing Cash Flow	1.84M	-20.36M	-92.08M	-8.35M	-22.76M	-62.66M
Financing Cash Flow	-158.92M	-158.12M	-263.79M	-440.55M	-231.53M	-157.09M

Taiwan Kong King Co. Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:3093 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:3093	61Neutral	TWD 5.50B	39.23	―	3.03%	-27.55%	-23.76%
TW:3303	58Neutral	TWD 4.62B	10.28	―	6.02%	14.20%	11.73%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:6155	50Neutral	TWD 5.11B	32.98	―	1.38%	21.25%	186.54%
TW:3528	45Neutral	TWD 4.86B	7.75	―	1.89%	89.77%	2019.96%
TW:8121	40Underperform	TWD 5.09B	-270.67	―	―	19.70%	83.81%
TW:2460	39Underperform	TWD 4.59B	-17.07	―	―	29.04%	22.27%

* General Sector Average

Performance Comparison

TW:3093 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:3093	Taiwan Kong King Co. Ltd.	37.90	14.07	59.06%
TW:2460	Gem Terminal Industries Co., Ltd.	27.65	12.05	77.24%
TW:3303	Univacco Technology Inc.	49.80	5.09	11.38%
TW:3528	Macnica Anstek Inc.	73.00	3.37	4.84%
TW:6155	King Core Electronics Inc.	58.10	24.41	72.47%
TW:8121	ACME Electronics Corporation	23.90	-5.25	-18.01%

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

Taiwan Kong King Co. Ltd. AI Stock Analysis