Integrated Service Technology Inc. (3289) AI Stock Analysis

Integrated Service Technology Inc.

(TPEx:3289)

Select Model

Rating:61Neutral

Price Target:TWD 112.00▼(-5.88% Downside)

Action:initiatedcoverage

Date:11/10/26

Financial performance carries the most weight with revenue expansion and balance sheet gains as key positives, though volatile cash flow and weak technical momentum with bearish signals are notable drags; reasonable valuation with solid yield offers partial support.

Positive Factors

Multi-year revenue growthRevenue expansion over five years indicates the company has increased its scale and maintained underlying demand across multiple reporting periods. A larger revenue base can support operating leverage, broader customer reach, and continued investment, providing a durable foundation even as recent profitability has weakened.

Negative Factors

Free cash flow deteriorationThe sharp move into negative free cash flow weakens cash conversion and reduces funds available for debt reduction, dividends, or reinvestment. Operating cash flow also fell from roughly 1.37B to 0.63B, making the latest decline significant for near-term financial flexibility and execution quality.

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

Steady revenue growth supported by stable gross margins, with balance sheet improvement via lower debt-to-equity at 0.55 and growing equity; offset by fluctuating net margins and sharply negative free cash flow recently.

Income Statement

62Positive

Balance Sheet

78Positive

Cash Flow

48Neutral

Financial statement breakdown
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

UnderperformOutperform

Sector (55)

Financial Indicators

TW:3289 against its peers
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:3289	61Neutral	TWD 9.76B	25.00	―	4.22%	-1.90%	-10.19%
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%

* General Sector Average

Performance Comparison

TW:3289 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:3289	Integrated Service Technology Inc.	119.00	19.29	19.34%
TW:2414	Unitech Computer Co., Ltd.	48.00	8.98	23.02%
TW:6112	Metaage Corporation	58.00	10.80	22.89%
TW:6263	Planet Technology Corporation	157.00	30.19	23.81%
TW:6811	Acer E-Enabling Service Business Inc.	241.00	29.84	14.13%
TW:7735	Taiwan AI Cloud Corporation	179.00	-171.00	-48.86%

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

Integrated Service Technology Inc. AI Stock Analysis