Ta Liang Technology Co., Ltd. (3167) AI Stock Analysis

Ta Liang Technology Co., Ltd.

(TWSE:3167)

Select Model

Rating:60Neutral

Price Target:TWD 735.00▼(-16.57% Downside)

Action:initiatedcoverage

Date:11/10/26

Strong profitability and a reasonably healthy balance sheet are the primary positives, but weak cash generation is a major concern. Technical momentum is unfavorable, and the high P/E with a low dividend yield limits valuation support.

Positive Factors

Improved profitability and growthThe 2025 rebound combines higher revenue with materially stronger net and EBIT margins, indicating improved operating efficiency or product mix. If maintained, this creates greater internal funding capacity, supports reinvestment, and strengthens earnings power over the next several quarters.

Negative Factors

Weak cash conversionThe wide gap between reported profit and operating cash generation raises concern about earnings quality and the timing of cash realization. Negative free cash flow may constrain self-funded growth, increase reliance on financing, and reduce flexibility if weak conversion persists.

Ta Liang Technology Co., Ltd. (3167) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 81.73B
Dividend Yield: 0.44%
Average Volume (3M): 4.73M
Price to Earnings (P/E): 63.6
Beta (1Y): 1.59
Revenue Growth: 121.90%
EPS Growth: 250.43%
Country: TW
Employees: 241
Sector: General
Sector Strength: 55
Industry: Industrial - Machinery

Ta Liang Technology Co., Ltd. Business Overview & Revenue Model

Company Description

Taliang Technology Co., Ltd. is a Taiwan-based manufacturer specializing in a broad array of advanced industrial machinery. Their product portfolio includes semiconductor inspection systems, PCB routing and drilling machines, resin panel cutters, CNC...

Ta Liang Technology Co., Ltd. Financial Statement Overview

Summary

Profitability is strong, with improved margins and net income, and the balance sheet is reasonably solid with moderate leverage. However, weak operating cash flow, negative free cash flow, and poor cash conversion materially reduce the score.

Income Statement

88Very Positive

Balance Sheet

79Positive

Cash Flow

32Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	7.77B	5.08B	2.60B	1.29B	2.37B	4.44B
Gross Profit	3.27B	1.95B	750.87M	327.19M	595.90M	1.15B
EBITDA	1.82B	965.49M	218.64M	90.12M	449.76M	646.61M
Net Income	1.28B	716.19M	124.39M	12.82M	313.14M	441.27M
Balance Sheet
Total Assets	12.10B	8.41B	5.20B	4.33B	4.84B	5.84B
Cash, Cash Equivalents and Short-Term Investments	1.50B	697.34M	317.79M	814.83M	582.93M	525.18M
Total Debt	1.61B	1.70B	1.08B	1.25B	1.64B	2.05B
Total Liabilities	7.80B	4.99B	2.53B	2.21B	2.55B	3.56B
Stockholders Equity	4.29B	3.42B	2.67B	2.11B	2.30B	2.29B
Cash Flow
Free Cash Flow	586.62M	-47.69M	-503.64M	850.21M	530.55M	-438.57M
Operating Cash Flow	734.80M	140.42M	-325.02M	1.01B	646.62M	-373.92M
Investing Cash Flow	-210.87M	-380.00M	-309.76M	-202.07M	138.19M	-431.20M
Financing Cash Flow	243.81M	588.79M	60.50M	-540.05M	-775.54M	596.74M

Ta Liang Technology Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:3167 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:6187	69Neutral	TWD 98.80B	52.30	―	1.15%	0.81%	12.66%
TW:2467	66Neutral	TWD 50.73B	26.03	―	1.71%	71.68%	144.03%
TW:3131	66Neutral	TWD 49.68B	29.86	―	2.61%	37.72%	73.19%
TW:3167	60Neutral	TWD 71.70B	63.61	―	0.44%	121.90%	250.43%
TW:3450	59Neutral	TWD 53.83B	77.13	―	0.27%	-1.56%	-16.64%
TW:3583	59Neutral	TWD 40.40B	27.47	―	2.33%	7.90%	44.45%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* General Sector Average

Performance Comparison

TW:3167 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:3167	Ta Liang Technology Co., Ltd.	881.00	676.99	331.84%
TW:2467	C Sun Mfg. Ltd.	322.50	152.61	89.83%
TW:3131	Grand Process Technology Corporation	1765.00	409.94	30.25%
TW:3450	Elite Advanced Laser Corporation	372.00	123.50	49.70%
TW:3583	Scientech Corporation	505.00	192.41	61.55%
TW:6187	All Ring Tech Co., Ltd.	1015.00	693.09	215.31%

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

Ta Liang Technology Co., Ltd. AI Stock Analysis