Metatech (Ap) Inc. (3224) AI Stock Analysis

Metatech (Ap) Inc.

(TPEx:3224)

Select Model

Rating:37Underperform

Price Target:TWD 27.00▼(-12.05% Downside)

Action:initiatedcoverage

Date:11/10/26

The stock receives the lowest possible score, driven by a fundamentally broken financial model where massive cash burn and persistent losses are compounded by a bearish technical trend. The core business is not self-sustaining, and the stock is in a clear downtrend with no valuation support, representing a high-risk profile with no identifiable positive catalysts.

Positive Factors

Revenue ReboundThe sharp 2025 revenue rebound indicates that the company can regain sales momentum and expand its top line after weaker periods. If this growth is sustained, it could improve operating leverage, support scale benefits, and provide a larger base from which profitability initiatives can develop.

Negative Factors

Persistent Operating LossesPersistent and widening operating losses show that the revenue rebound has not translated into a sustainable earnings model. The negative margin structure can consume capital, limit reinvestment capacity, and make future performance increasingly dependent on a credible path to cost and profitability improvement.

Metatech (Ap) Inc. (3224) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 2.40B
Dividend Yield: ―
Average Volume (3M): 56.65K
Price to Earnings (P/E): -17.0
Beta (1Y): 0.24
Revenue Growth: 18.12%
EPS Growth: -31.75%
Country: TW
Employees: 51
Sector: General
Sector Strength: 55
Industry: Technology Distributors

Metatech (Ap) Inc. Business Overview & Revenue Model

Company Description

MetaTech (AP) Inc., alongside its subsidiaries, engages in a wide array of activities, including the wholesale and retail distribution of electronic products and equipment across Taiwan and international markets. The company also dedicates resources...

Metatech (Ap) Inc. Financial Statement Overview

Summary

Financial health is critically weak. The company is deeply unprofitable with a -15.3% EBIT margin, and operating cash flow is severely negative at -$204.8M, indicating the core business is burning cash at an unsustainable rate. Rising debt and razor-thin, declining gross margins leave no clear path to profitability.

Income Statement

18Very Negative

Balance Sheet

42Neutral

Cash Flow

8Very Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.75B	1.51B	1.41B	1.45B	1.85B	2.01B
Gross Profit	242.88M	197.21M	172.85M	166.54M	215.42M	265.04M
EBITDA	-122.92M	-166.47M	-91.26M	-148.04M	585.00K	12.83M
Net Income	-109.59M	-104.25M	-68.81M	-131.95M	-11.77M	-24.12M
Balance Sheet
Total Assets	4.16B	3.27B	3.27B	3.29B	3.49B	3.54B
Cash, Cash Equivalents and Short-Term Investments	1.23B	1.23B	1.65B	2.24B	2.16B	2.16B
Total Debt	976.53M	680.66M	433.57M	403.78M	304.12M	308.69M
Total Liabilities	1.54B	921.27M	664.34M	552.23M	553.22M	581.36M
Stockholders Equity	1.40B	1.03B	1.14B	1.18B	1.31B	1.29B
Cash Flow
Free Cash Flow	-817.89M	-632.36M	-624.24M	12.50M	-18.87M	-217.74M
Operating Cash Flow	-217.08M	-204.84M	-180.50M	99.43M	1.68M	-211.78M
Investing Cash Flow	-614.32M	-417.51M	-470.52M	-779.00K	1.27B	-1.41B
Financing Cash Flow	740.11M	242.63M	7.96M	81.87M	-15.37M	2.01B

Metatech (Ap) Inc. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:3224 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:6716	60Neutral	TWD 2.30B	9.76	―	2.07%	36.28%	399.93%
TW:6233	56Neutral	TWD 2.66B	66.65	―	2.14%	2.62%	―
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:3438	52Neutral	TWD 2.32B	39.62	―	2.85%	-11.08%	111.39%
TW:6735	47Neutral	TWD 2.44B	33.38	―	1.31%	33.32%	―
TW:3224	37Underperform	TWD 2.35B	-16.95	―	―	18.12%	-31.75%

* General Sector Average

Performance Comparison

TW:3224 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:3224	Metatech (Ap) Inc.	30.70	-17.80	-36.70%
TW:3438	Advanced Analog Technology, Inc.	52.70	8.85	20.19%
TW:6233	Prolific Technology Inc.	35.00	16.32	87.40%
TW:6423	Yield Microelectronics Corporation	84.20	7.96	10.44%
TW:6716	PADAUK Technology Co., Ltd.	77.40	27.38	54.74%
TW:6735	AMIDA Technology. Inc.	53.40	-4.29	-7.43%

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

Metatech (Ap) Inc. AI Stock Analysis