Integrated Service Technology Inc. AI Stock Analysis
Integrated Service Technology Inc. (3289) AI Stock Analysis
Integrated Service Technology Inc.
(TPEx:3289)
Integrated Service Technology scores in the middle of the range. The main drag is the deterioration in earnings and cash generation: net income, margins and ROE all fell in 2025, operating cash flow more than halved, and heavy capacity investment drove free cash flow sharply negative. The share price reflects this, trading well below all key moving averages with negative MACD momentum. Supporting the score are consistent revenue growth, improving gross margins, and a notably stronger balance sheet with leverage at a six-year low, alongside a 4.7% dividend yield. The 24x P/E, however, leaves limited cushion until the expansion spending begins translating into higher profits.
Integrated Service Technology Inc. (3289) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 9.43B
- Dividend Yield
- 4.22%
- Average Volume (3M)
- 581.52K
- Price to Earnings (P/E)
- 25.0
- Beta (1Y)
- 1.24
- Revenue Growth
- -1.90%
- EPS Growth
- -10.19%
- Country
- TW
- Employees
- 3,463
- Sector
- General
- Sector Strength
- 55
- Industry
- Semiconductors
Integrated Service Technology Inc. Business Overview & Revenue Model
Company Description
Integrated Service Technology Inc. research, develops, and manufactures integrated circuits, analysis and burn-in, and testing in Taiwan and internationally. The company provides MOSFET wafer backend processes, which offer MOSFET front-side metalliza...
Integrated Service Technology Inc. Financial Statement Overview
Summary
Revenue has grown consistently to NT$4.84 billion (+11% in 2025) and gross margin improved to 27.0%, while the balance sheet strengthened materially — equity rose to NT$4.67 billion, debt fell to NT$2.58 billion and debt-to-equity dropped to a six-year low of 0.55. Offsetting this, profitability reversed: net income fell to NT$367 million from NT$482 million, net margin slipped to 7.6%, and ROE nearly halved to 7.9%. Cash flow is the weakest link — operating cash flow more than halved to NT$633 million while record capex of NT$1.33 billion pushed free cash flow to -NT$693 million. Fundamentally sound and modestly leveraged, but carrying elevated execution risk tied to the current expansion cycle.
Income Statement
63PositiveBalance Sheet
69PositiveCash Flow
47Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.77B | 4.84B | 4.35B | 3.81B | 3.74B | 3.21B |
| Gross Profit | 1.06B | 1.31B | 1.22B | 1.02B | 881.57M | 677.01M |
| EBITDA | 1.13B | 1.37B | 1.34B | 1.08B | 1.15B | 1.03B |
| Net Income | 395.85M | 367.08M | 481.74M | 385.55M | 405.15M | 179.71M |
Balance Sheet | ||||||
| Total Assets | 8.64B | 8.99B | 8.16B | 7.67B | 7.42B | 7.22B |
| Cash, Cash Equivalents and Short-Term Investments | 672.86M | 767.28M | 951.57M | 943.25M | 892.50M | 857.31M |
| Total Debt | 2.17B | 2.58B | 2.99B | 3.13B | 2.79B | 2.93B |
| Total Liabilities | 3.88B | 4.30B | 4.68B | 4.33B | 4.02B | 3.90B |
| Stockholders Equity | 4.75B | 4.67B | 3.43B | 3.28B | 3.30B | 3.20B |
Cash Flow | ||||||
| Free Cash Flow | 82.87M | -692.74M | 459.44M | 120.92M | 372.01M | 251.46M |
| Operating Cash Flow | 941.46M | 632.58M | 1.37B | 786.51M | 1.18B | 822.29M |
| Investing Cash Flow | -861.98M | -1.24B | -866.44M | -670.32M | -749.00M | -193.97M |
| Financing Cash Flow | -221.11M | 422.07M | -502.55M | -64.28M | -411.49M | -692.99M |
Integrated Service Technology Inc. Peers Comparison
Overall Rating
TW:626375Outperform
TW:681169Neutral
TW:241459Neutral
TW:611257Neutral- TW:328955Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:6263 | 75Outperform | TWD 9.84B | 17.67 | ― | 4.97% | 0.94% | 4.67% |
| TW:6811 | 69Neutral | TWD 9.95B | 13.97 | ― | 4.36% | 30.33% | 25.72% |
| TW:2414 | 59Neutral | TWD 8.50B | 10.81 | ― | 6.22% | 35.65% | 43.54% |
| TW:6112 | 57Neutral | TWD 10.74B | 24.54 | ― | 2.84% | 16.31% | 321.53% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:3289 | 55Neutral | TWD 9.76B | 25.00 | ― | 4.22% | -1.90% | -10.19% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:3289 | Integrated Service Technology Inc. | 119.00 | 17.36 | 17.08% | |
| TW:2414 | Unitech Computer Co., Ltd. | 48.00 | 8.94 | 22.88% | |
| TW:6112 | Metaage Corporation | 58.00 | 9.79 | 20.32% | |
| TW:6263 | Planet Technology Corporation | 157.00 | 31.63 | 25.23% | |
| TW:6811 | Acer E-Enabling Service Business Inc. | 241.00 | 26.50 | 12.35% | |
| TW:7735 | Taiwan AI Cloud Corporation | 179.00 | -171.00 | -48.86% |
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