Data Image Corporation AI Stock Analysis
Data Image Corporation (3168) AI Stock Analysis
Data Image Corporation
(TWSE:3168)
Data Image earns a moderate score. The financial profile is a tale of two halves: an excellent, essentially debt-free balance sheet and consistently positive free cash flow are offset by a ~30% revenue decline from the 2022 peak, steady margin erosion and a halving of net income, with return on equity down to about 11%. Valuation partly compensates, with a modest 13.3x P/E and a high 7.3% dividend yield providing income appeal. Technicals are the main drag — the share price sits below all key moving averages with negative MACD and sub-neutral RSI, indicating persistent downward pressure. Stabilising revenue is an encouraging sign, but evidence of margin and cash-conversion recovery is needed before the outlook improves materially.
Data Image Corporation (3168) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 3.09B
- Dividend Yield
- 7.38%
- Average Volume (3M)
- 14.85K
- Price to Earnings (P/E)
- 13.1
- Beta (1Y)
- 0.36
- Revenue Growth
- 14.17%
- EPS Growth
- 21.79%
- Country
- TW
- Employees
- 158
- Sector
- General
- Sector Strength
- 55
- Industry
- Hardware, Equipment & Parts
Data Image Corporation Business Overview & Revenue Model
Company Description
Data Image Corporation is a specialist in the production and distribution of liquid crystal display (LCD) modules. Its product line encompasses both monochrome and full-color LCD screens. The company supplies these display solutions to original equip...
Data Image Corporation Financial Statement Overview
Summary
A near debt-free balance sheet (debt-to-equity of 0.04, equity funding ~48% of assets) is the clear strength, scoring 81 and leaving the company with low financial risk and ample flexibility. Cash flow scores 62: operating cash flow of ~NT$255m and free cash flow of ~NT$193m remain positive and cover modest capex, but FCF fell about 20% year over year and cash conversion has softened to ~76% of net income. The income statement is the weak link at 54 — revenue is down roughly 30% from the 2022 peak, gross, operating and net margins have all compressed, and net income has more than halved, pulling return on equity from 27% to about 11%. A flat top line in the latest year hints that the downcycle may be bottoming.
Income Statement
54NeutralBalance Sheet
81Very PositiveCash Flow
62Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.62B | 3.43B | 3.42B | 3.92B | 4.92B | 4.32B |
| Gross Profit | 844.91M | 821.58M | 854.80M | 929.87M | 1.10B | 768.03M |
| EBITDA | 370.50M | 392.88M | 421.16M | 488.61M | 664.60M | 458.85M |
| Net Income | 233.40M | 200.09M | 223.19M | 278.86M | 421.87M | 318.02M |
Balance Sheet | ||||||
| Total Assets | 3.96B | 3.68B | 3.75B | 3.28B | 3.89B | 4.15B |
| Cash, Cash Equivalents and Short-Term Investments | 981.16M | 1.02B | 1.31B | 956.57M | 846.59M | 739.54M |
| Total Debt | 73.88M | 79.50M | 87.83M | 108.82M | 330.70M | 711.98M |
| Total Liabilities | 1.53B | 1.11B | 978.26M | 969.81M | 1.50B | 1.99B |
| Stockholders Equity | 1.68B | 1.77B | 1.95B | 1.48B | 1.56B | 1.34B |
Cash Flow | ||||||
| Free Cash Flow | -50.08M | 193.34M | 240.00M | 718.66M | 708.49M | 192.40M |
| Operating Cash Flow | 14.06M | 254.72M | 277.76M | 745.74M | 738.46M | 229.86M |
| Investing Cash Flow | -138.03M | -58.36M | -39.29M | -25.30M | -22.22M | -343.31M |
| Financing Cash Flow | -326.57M | -480.14M | 109.84M | -615.65M | -609.60M | 472.25M |
Data Image Corporation Peers Comparison
Overall Rating
TW:236474Outperform
TW:328770Outperform- TW:316863Neutral
TW:303860Neutral
TW:302441Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:2364 | 74Outperform | TWD 2.89B | 9.13 | ― | 3.83% | 17.40% | 60.67% |
| TW:3287 | 70Outperform | TWD 3.48B | 9.15 | ― | 1.99% | 20.68% | ― |
| TW:3168 | 63Neutral | TWD 3.09B | 13.11 | ― | 7.38% | 14.17% | 21.79% |
| TW:3038 | 60Neutral | TWD 2.87B | 15.37 | ― | 6.43% | -9.99% | 1.97% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:3024 | 41Neutral | TWD 3.24B | 311.35 | ― | 1.88% | -63.48% | -92.73% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:3168 | Data Image Corporation | 40.65 | -0.64 | -1.54% | |
| TW:2364 | Twinhead International Corp. | 52.20 | -8.89 | -14.56% | |
| TW:3024 | Action Electronics Co., Ltd | 11.70 | 0.65 | 5.87% | |
| TW:3038 | Emerging Display Technologies Corp | 18.65 | -1.56 | -7.73% | |
| TW:3287 | KWorld Computer Co., Ltd. | 75.20 | 45.01 | 149.07% | |
| TW:6775 | Entire Technology Co Ltd | 28.60 | -0.73 | -2.51% |
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