Aethertek Technology Co., Ltd (3219) AI Stock Analysis

Aethertek Technology Co., Ltd

(TPEx:3219)

Select Model

Rating:60Neutral

Price Target:TWD 99.00▼(-12.78% Downside)

Action:initiatedcoverage

Date:11/09/26

The score is anchored by an improving financial profile: a strong revenue and profit rebound, a multi-year-high 65% gross margin, and a conservatively financed balance sheet with low leverage. Offsetting this are inconsistent free cash flow, heavy capital intensity, and a historically volatile top line with returns still far below 2021 peaks. Technically, the long-term uptrend is intact above the 100- and 200-day averages, but the stock has pulled back below its short-term averages with negative MACD and weak momentum readings. Valuation is the main constraint, with a P/E near 31 and a modest 1.45% dividend yield demanding sustained earnings delivery. No earnings call commentary or corporate events were available, so those components were excluded and their weight redistributed.

Positive Factors

2025 Revenue and Profit ReboundThe 2025 rebound indicates renewed demand and improving operating performance after weaker years. If revenue and profits continue recovering, the company can rebuild earnings capacity and support investment while benefiting from its established margin structure.

Negative Factors

Cyclical Earnings VolatilitySharp revenue declines in prior years show that earnings power is not consistently resilient. This volatility can make planning and resource allocation harder, while repeated downturns may delay the company’s ability to compound profits even after a strong recovery year.

Aethertek Technology Co., Ltd (3219) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 7.90B
Dividend Yield: 1.20%
Average Volume (3M): 1.34M
Price to Earnings (P/E): 23.1
Beta (1Y): 1.19
Revenue Growth: 46.17%
EPS Growth: 251.35%
Country: TW
Employees: 36
Sector: General
Sector Strength: 55
Industry: Industrial - Machinery

Aethertek Technology Co., Ltd Business Overview & Revenue Model

Company Description

Aethertek Technology Co., Ltd., based in Taiwan, specializes in the development, manufacturing, and sale of essential testing equipment for the consumer and automotive electronics sectors. Beyond its primary product line, the company delivers a broad...

Aethertek Technology Co., Ltd Financial Statement Overview

Summary

Aethertek is in the middle of a credible turnaround. Revenue rebounded roughly 50% to about NT$1.70 billion, gross margin expanded to a multi-year high of 65.2%, and net income jumped more than fivefold to NT$108.4 million. The balance sheet is the standout strength: debt-to-equity of only about 0.20, with equity funding roughly half of the NT$2.76 billion asset base. Cash flow is the weaker link — operating cash flow of NT$111.3 million covered net income roughly one-for-one, but free cash flow converted only about 51% of earnings and has been negative in two of the past several years due to heavy capital spending. Revenue, margins and return on equity (7.8%) all remain well below 2021 peaks, and the earnings history is lumpy and project-driven.

Income Statement

63Positive

Balance Sheet

73Positive

Cash Flow

58Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.02B	1.70B	1.14B	1.16B	1.48B	2.05B
Gross Profit	1.35B	1.11B	661.47M	615.11M	791.47M	1.14B
EBITDA	422.61M	259.56M	161.39M	122.50M	329.92M	576.52M
Net Income	238.67M	108.42M	20.97M	28.64M	152.75M	444.89M
Balance Sheet
Total Assets	3.44B	2.76B	2.23B	2.05B	2.06B	2.30B
Cash, Cash Equivalents and Short-Term Investments	1.16B	917.18M	904.95M	856.76M	852.91M	891.73M
Total Debt	581.38M	273.37M	233.04M	206.11M	33.27M	20.52M
Total Liabilities	1.57B	1.05B	629.36M	541.25M	517.41M	816.41M
Stockholders Equity	1.52B	1.40B	1.31B	1.27B	1.31B	1.30B
Cash Flow
Free Cash Flow	354.43M	57.03M	66.63M	-83.15M	96.42M	-17.35M
Operating Cash Flow	397.26M	111.34M	97.35M	225.52M	135.22M	18.85M
Investing Cash Flow	-58.44M	-59.73M	-33.48M	-305.84M	54.61M	251.72M
Financing Cash Flow	181.02M	-5.72M	-68.54M	94.48M	-204.62M	-9.05M

Aethertek Technology Co., Ltd Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:3219 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:3694	67Neutral	TWD 6.47B	10.10	―	5.69%	15.44%	18.33%
TW:3219	60Neutral	TWD 7.82B	23.11	―	1.20%	46.17%	251.35%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:2450	53Neutral	TWD 7.11B	15.22	―	5.60%	16.30%	14.23%
TW:2419	43Neutral	TWD 8.11B	118.67	―	―	13.36%	―
TW:3062	43Neutral	TWD 6.39B	-9.39	―	―	-1.21%	-212.49%
TW:8234	43Neutral	TWD 7.22B	81.22	―	0.77%	4.36%	-21.02%

* General Sector Average

Performance Comparison

TW:3219 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:3219	Aethertek Technology Co., Ltd	113.50	58.06	104.74%
TW:2419	Hitron Technologies Inc.	24.85	1.60	6.88%
TW:2450	Senao International Co. Ltd.	27.70	0.01	0.03%
TW:3062	CyberTAN Technology, Inc.	18.60	-7.60	-29.01%
TW:3694	AzureWave Technologies, Inc.	40.45	-23.47	-36.72%
TW:8234	Nexcom International Co., Ltd.	51.70	-22.64	-30.46%

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

Aethertek Technology Co., Ltd AI Stock Analysis