T-Flex Techvest PCB Co., Ltd. (3276) AI Stock Analysis

T-Flex Techvest PCB Co., Ltd.

(TPEx:3276)

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Rating:42Neutral

Price Target:TWD 12.50▼(-6.02% Downside)

Action:initiatedcoverage

Date:11/10/26

The score is primarily constrained by weak profitability and negative cash flow, despite a strong balance sheet. Bearish technical positioning and a high P/E with a low dividend yield further reduce the score.

Positive Factors

Modest LeverageLow debt relative to equity provides financial flexibility during cyclical weakness and reduces pressure from financing costs. This cushion can help the company preserve operations and pursue necessary investment while profitability remains under strain.

Negative Factors

Revenue DeclineRepeated revenue contraction indicates weakening commercial performance rather than a single quarter’s fluctuation. A smaller sales base reduces operating leverage, limits resources for investment, and makes it harder for fixed manufacturing costs to be absorbed efficiently.

T-Flex Techvest PCB Co., Ltd. (3276) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 951.58M
Dividend Yield: 0.45%
Average Volume (3M): 93.60K
Price to Earnings (P/E): 63.8
Beta (1Y): 0.49
Revenue Growth: 27.36%
EPS Growth: 84.51%
Country: TW
Employees: 357
Sector: General
Sector Strength: 55
Industry: Hardware, Equipment & Parts

T-Flex Techvest PCB Co., Ltd. Business Overview & Revenue Model

Company Description

T-Flex Techvest PCB Co., Ltd. operates as a global enterprise, specializing in the production, processing, procurement, and distribution of electronic components, with a particular focus on Printed Circuit Boards (PCBs). The company offers comprehens...

T-Flex Techvest PCB Co., Ltd. Financial Statement Overview

Summary

Weak profitability and cash generation outweigh the strong, low-leverage balance sheet. Equal consideration of the income statement score of 24, balance sheet score of 78, and cash flow score of 22 produces a 41.3 score.

Income Statement

24Negative

Balance Sheet

78Positive

Cash Flow

22Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	578.76M	505.10M	893.95M	1.29B	1.33B	1.62B
Gross Profit	-35.67M	-53.07M	-44.59M	53.72M	104.39M	103.80M
EBITDA	14.85M	-2.70M	-7.68M	84.92M	188.42M	209.92M
Net Income	15.12M	14.64M	-9.63M	54.81M	60.39M	82.18M
Balance Sheet
Total Assets	1.56B	1.46B	1.66B	1.73B	1.65B	1.92B
Cash, Cash Equivalents and Short-Term Investments	209.61M	208.04M	99.00M	91.42M	163.13M	133.74M
Total Debt	102.49M	96.77M	108.58M	169.63M	174.04M	200.76M
Total Liabilities	630.74M	557.38M	755.86M	791.20M	707.97M	1.03B
Stockholders Equity	868.41M	833.85M	796.45M	797.71M	791.50M	749.73M
Cash Flow
Free Cash Flow	-5.84M	-95.48M	-11.40M	-37.75M	55.31M	-58.34M
Operating Cash Flow	14.15M	-53.73M	60.70M	16.36M	109.19M	-9.04M
Investing Cash Flow	101.13M	173.37M	22.05M	-46.07M	-25.29M	-35.08M
Financing Cash Flow	6.70M	-10.60M	-75.16M	-42.00M	-54.40M	-220.25M

T-Flex Techvest PCB Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:3276 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:6158	44Neutral	TWD 875.22M	-9.51	―	6.24%	-0.14%	-286.70%
TW:5488	43Neutral	TWD 989.13M	-304.84	―	0.56%	10.71%	-129.15%
TW:3434	42Neutral	TWD 1.04B	74.32	―	4.11%	-18.46%	-26.62%
TW:3276	42Neutral	TWD 927.18M	63.82	―	0.45%	27.36%	84.51%

* General Sector Average

Performance Comparison

TW:3276 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:3276	T-Flex Techvest PCB Co., Ltd.	13.30	-1.54	-10.40%
TW:3434	Acula Technology Corp.	29.20	-3.63	-11.06%
TW:5488	Sunf Pu Technology Co. Ltd.	10.80	1.23	12.85%
TW:6158	P-Two Industries Inc.	16.25	-6.15	-27.46%
TW:6407	Mutual-Tek Industries Co., Ltd.	15.20	-2.53	-14.26%
TW:6833	T-Conn Precision Corporation	17.50	-6.23	-26.26%

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 10, 2026

T-Flex Techvest PCB Co., Ltd. AI Stock Analysis