Dynapack International Technology Corporation (3211) AI Stock Analysis

Dynapack International Technology Corporation

(TPEx:3211)

Select Model

Rating:61Neutral

Price Target:TWD 243.00▼(-6.72% Downside)

Action:initiatedcoverage

Date:11/09/26

Dynapack earns a moderate score. Its financial foundation is solid: an essentially debt-free balance sheet, expanding margins and strong free cash flow with high conversion from earnings give it low financial risk and flexibility to sustain its near-5% dividend. However, multi-year revenue contraction and earnings volatility cap the upside case. The decisive drag is technical: the stock sits far below all key moving averages with sharply negative MACD momentum, and while RSI and Stochastic readings are deeply oversold, the trend remains firmly downward. A P/E above 30 alongside shrinking sales further limits the score, partially offset by the attractive, well-covered dividend yield.

Positive Factors

Very Low LeverageMinimal leverage materially reduces financial risk and interest burden, giving the company greater resilience through demand cycles. A sizable equity base also preserves flexibility to fund operations, invest in capabilities, and manage volatility without relying heavily on external financing.

Negative Factors

Revenue VolatilityThe multi-year revenue decline before the latest recovery indicates inconsistent demand or execution across the operating cycle. This makes forward earnings less predictable and means the company must sustain recent growth for its improved financial profile to become a durable trend rather than a rebound.

Dynapack International Technology Corporation (3211) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 40.11B
Dividend Yield: 4.40%
Average Volume (3M): 4.55M
Price to Earnings (P/E): 31.1
Beta (1Y): 1.19
Revenue Growth: 19.05%
EPS Growth: 10.35%
Country: TW
Employees: 1,770
Sector: General
Sector Strength: 55
Industry: Electrical Equipment & Parts

Dynapack International Technology Corporation Business Overview & Revenue Model

Company Description

Dynapack International Technology Corporation manufactures and sells lithium-ion battery packs in Taiwan, the United States, and internationally. The company offers notebook, tablet PC, and mobile, medical product, industry PDA, robot vacuum cleaner,...

Dynapack International Technology Corporation Financial Statement Overview

Summary

A near debt-free balance sheet (total debt of only NT$89 million against roughly NT$10.0 billion of equity) and strong cash generation (operating cash flow of about NT$1.66 billion, free cash flow of NT$1.48 billion, ~89% of net income) are the core strengths. Profitability per dollar of sales has improved sharply, with gross margin expanding to 16.6% from 7.9% in 2021 and operating profit rising to roughly NT$1.25 billion. Offsetting this, revenue has contracted steadily from about NT$20.8 billion in 2021 to NT$13.2 billion, net income fell to NT$1.38 billion from a non-operating-gain-inflated NT$2.67 billion, ROE slipped to 13.9%, and cash flows have been lumpy across the cycle. Overall: a conservative, cash-generative business lacking a clear top-line growth driver.

Income Statement

63Positive

Balance Sheet

86Very Positive

Cash Flow

79Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	14.44B	13.22B	13.91B	17.23B	19.07B	20.77B
Gross Profit	2.51B	2.19B	1.58B	1.52B	1.70B	1.64B
EBITDA	-663.04M	1.54B	3.25B	1.42B	1.50B	4.09B
Net Income	1.14B	1.38B	2.67B	787.94M	797.42M	3.31B
Balance Sheet
Total Assets	18.86B	15.59B	16.38B	16.29B	17.35B	21.21B
Cash, Cash Equivalents and Short-Term Investments	5.04B	4.33B	6.59B	5.05B	4.48B	7.66B
Total Debt	2.23B	89.09M	1.13B	1.69B	2.66B	4.91B
Total Liabilities	9.90B	5.62B	5.66B	7.89B	8.79B	11.51B
Stockholders Equity	8.96B	9.97B	10.72B	8.40B	8.56B	9.70B
Cash Flow
Free Cash Flow	-525.49M	1.48B	1.05B	3.04B	795.35M	-697.03M
Operating Cash Flow	-270.49M	1.66B	1.21B	3.23B	970.37M	-427.53M
Investing Cash Flow	-1.27B	2.44B	1.21B	-2.37B	1.63B	3.72B
Financing Cash Flow	-1.05B	-2.88B	-2.10B	-1.88B	-4.47B	-1.19B

Dynapack International Technology Corporation Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:3211 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:2328	61Neutral	TWD 24.34B	1.21	―	1.92%	-13.85%	-78.67%
TW:3211	61Neutral	TWD 40.49B	31.09	―	4.40%	19.05%	10.35%
TW:6412	59Neutral	TWD 22.08B	9.26	―	6.72%	-13.69%	-25.90%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:6282	49Neutral	TWD 30.18B	28.90	―	2.27%	24.20%	―
TW:2351	47Neutral	TWD 28.19B	35.57	―	0.71%	6.77%	105.57%
TW:2258	33Underperform	TWD 49.47B	-10.78	―	―	192.87%	-166.63%

* General Sector Average

Performance Comparison

TW:3211 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:3211	Dynapack International Technology Corporation	260.50	-11.63	-4.27%
TW:2258	Foxtron Vehicle Technologies Co., Ltd.	28.25	-13.50	-32.34%
TW:2328	Pan-International Industrial Corp.	46.95	-3.70	-7.30%
TW:2351	SDI Corporation	145.50	60.56	71.30%
TW:6282	AcBel Polytech Inc.	35.25	-3.10	-8.08%
TW:6412	Chicony Power Technology Co., Ltd.	55.10	-32.03	-36.76%

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

Dynapack International Technology Corporation AI Stock Analysis