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Goldkey Technology Corp (3135) AI Stock Analysis

TW:3135

Goldkey Technology Corp

(TWSE:3135)

Select Model
Rating:56.2Neutral
Price Target:TWD 122.00â–¼(-1.21% Downside)
Action:initiatedcoverage
Date:11/10/26

The score is primarily constrained by severely negative cash flow, increased leverage, and weak technical momentum. Low valuation and improving profitability provide meaningful support, but they do not fully offset the financial and trend risks.

Positive Factors
Revenue GrowthRevenue accelerated across 2023–2025, culminating in strong double-digit growth in 2025. This indicates improving commercial momentum and can expand the earnings base, supporting stronger operating scale if the trajectory persists through the next several quarters.
Negative Factors
Weak Cash GenerationThe large 2025 operating and free-cash-flow outflows show that reported earnings were not converting into cash effectively. This can increase reliance on external funding, constrain investment flexibility, and create ongoing liquidity pressure if weak conversion persists.

Goldkey Technology Corp (3135) vs. SPDR S&P 500 ETF (SPY)

-100%0%100%200%300%400%500%TW:3135+169.53%SPY+14.30%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
TWD 11.86B
Dividend Yield
2.64%
Average Volume (3M)
1.08M
Price to Earnings (P/E)
4.8
Beta (1Y)
1.69
Revenue Growth
―
EPS Growth
―
Country
TW
Employees
77
Sector
General
Sector Strength
55
Industry
Semiconductors

Goldkey Technology Corp Business Overview & Revenue Model

Company Description

Goldkey Technology Corporation develops, manufactures, and sells memory module and storage equipment in Taiwan, the United States, China, and internationally. The company offers flash memory, dram module, and flash SSD flash storage devices. Goldkey...

Goldkey Technology Corp Financial Statement Overview

Summary

Improving revenue and margins support earnings quality, but higher leverage and severely negative operating and free cash flow materially weaken the overall financial profile.

Income Statement

78Positive

Balance Sheet

60Neutral

Cash Flow

25Negative
Financial statement breakdown
BreakdownTTMDec 2025Mar 2025Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue15.80B7.70B5.51B4.22B3.58B4.37B
Gross Profit3.15B765.87M246.84M224.07M73.31M397.28M
EBITDA2.86B613.80M212.80M113.72M37.33M282.17M
Net Income2.24B445.90M142.41M78.09M18.34M212.17M
Balance Sheet
Total Assets10.05B5.18B2.55B2.09B1.35B1.77B
Cash, Cash Equivalents and Short-Term Investments599.85M259.85M228.68M202.41M500.53M209.64M
Total Debt4.08B2.61B1.23B856.11M202.67M528.48M
Total Liabilities5.40B3.06B1.35B975.56M273.44M693.21M
Stockholders Equity4.65B2.12B1.20B1.11B1.08B1.08B
Cash Flow
Free Cash Flow-3.83B-1.80B-292.17M-912.82M632.36M36.24M
Operating Cash Flow-3.78B-1.77B206.79M-909.49M635.76M42.17M
Investing Cash Flow-238.25M-55.27M-497.47M-15.55M-441.00K-18.95M
Financing Cash Flow4.19B1.84B308.43M624.87M-344.46M48.08M

Goldkey Technology Corp Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TW:3135 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
TW:3416TW:341669NeutralTWD 12.38B16.32―3.16%31.00%32.07%
TW:3088TW:308867NeutralTWD 12.32B12.87―2.63%35.40%73.91%
TW:6245TW:624564NeutralTWD 12.61B17.60―4.29%11.74%8.17%
TW:3209TW:320959NeutralTWD 11.57B8.01―4.20%22.25%199.92%
TW:3135TW:313556NeutralTWD 11.92B4.77―2.64%――
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
TW:2332TW:233241NeutralTWD 10.54B-34.34―0.57%5.89%52.10%

* General Sector Average

Performance Comparison

0%100%200%300%400%TW:3135TW:2332TW:3088TW:3209TW:3416TW:6245Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TW:3135 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TW:3135Goldkey Technology Corp123.5078.41173.91%
TW:2332D-Link Corporation16.150.603.86%
TW:3088Axiomtek Co Ltd111.5037.4050.48%
TW:3209Alltek Technology Corp.47.6016.8854.94%
TW:3416Winmate Inc.146.5010.757.92%
TW:6245Lanner Electronics Inc.88.5020.5130.17%
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