Silitech Technology Corporation (3311) AI Stock Analysis

Silitech Technology Corporation

(TWSE:3311)

Select Model

Rating:51Neutral

Price Target:TWD 34.00▼(-16.46% Downside)

Action:initiatedcoverage

Date:11/09/26

Silitech scores in the below-average range. The dominant factor is mixed financial performance: a fortress balance sheet with minimal leverage and positive free cash flow is offset by falling revenue, multi-year margin compression, razor-thin operating profitability and profits that are more non-operating than core — reflected in weakening cash conversion. Technicals add further pressure, with the share price below all major moving averages and negative MACD momentum, though oversold readings suggest the selling may be extended. Valuation at ~17.9x earnings with a 1.75% yield is fair but offers little cushion given the soft earnings quality. The investment case hinges on restoring margins and converting the strong capital base into higher, cash-backed returns.

Positive Factors

Sustained ProfitabilityPositive net income across multiple years, capped by a 5.7% margin in 2025, indicates the company retains an economically viable operating model despite recent variability. Sustained profitability can fund investment and strengthen resilience over the next several quarters.

Negative Factors

Revenue and Margin PressureRevenue fell about 4.4% in 2025 after strong 2024 growth, while gross and EBITDA margins have compressed notably since 2022–2023. The combination points to less consistent top-line performance and weaker operating efficiency, making future profit growth less dependable.

Silitech Technology Corporation (3311) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 4.00B
Dividend Yield: 1.47%
Average Volume (3M): 1.96M
Price to Earnings (P/E): 24.0
Beta (1Y): 0.57
Revenue Growth: 46.08%
EPS Growth: 7.08%
Country: TW
Employees: 916
Sector: General
Sector Strength: 55
Industry: Hardware, Equipment & Parts

Silitech Technology Corporation Business Overview & Revenue Model

Company Description

Silitech Technology Corporation manufactures and sells modules and rubber products in Taiwan, China, Malaysia, the United States, Finland, Portugal, and internationally. It offers car interior decorative solutions, including silicone rubber switches,...

Silitech Technology Corporation Financial Statement Overview

Summary

A very strong balance sheet (score 78) anchors the profile: equity funds roughly 73% of assets, debt-to-equity is just ~0.17, and the equity base expanded sharply in 2025, giving ample financial resilience. However, the income statement is weak (score 44) — 2025 revenue fell 4.4% to NT$2.35bn, gross margin compressed to ~11.9% from ~16.5% in 2022, and operating profit was a thin NT$42.5m (1.8% of sales), with the net income rebound to NT$134.3m driven largely by non-operating items. Cash flow is adequate but softening (score 55): operating cash flow slipped to NT$202.9m and free cash flow fell ~31% to NT$105.5m, covering only ~52% of reported net income, confirming weaker earnings quality. Net: financially safe, operationally challenged, with low returns on an enlarged capital base (ROE ~3.7%).

Income Statement

44Neutral

Balance Sheet

78Positive

Cash Flow

55Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.33B	2.35B	2.41B	2.08B	2.03B	1.82B
Gross Profit	268.64M	279.23M	280.62M	329.40M	334.18M	286.06M
EBITDA	94.42M	100.26M	177.51M	250.47M	221.72M	176.41M
Net Income	181.12M	134.33M	55.08M	119.33M	100.23M	61.83M
Balance Sheet
Total Assets	5.21B	5.01B	3.63B	3.36B	3.26B	3.09B
Cash, Cash Equivalents and Short-Term Investments	619.03M	909.62M	945.26M	750.03M	1.64B	1.60B
Total Debt	710.00M	630.00M	70.79M	43.56M	26.95M	51.81M
Total Liabilities	1.55B	1.38B	902.39M	741.21M	681.88M	696.32M
Stockholders Equity	3.66B	3.64B	2.73B	2.62B	2.58B	2.39B
Cash Flow
Free Cash Flow	-164.27M	105.46M	165.45M	123.76M	-3.88M	29.00M
Operating Cash Flow	7.66M	202.87M	244.59M	166.23M	172.85M	85.01M
Investing Cash Flow	-356.01M	-1.79B	-22.24M	-1.13B	-57.51M	-511.84M
Financing Cash Flow	172.09M	1.47B	-134.23M	-24.55M	-56.72M	240.41M

Silitech Technology Corporation Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:3311 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:3484	64Neutral	TWD 3.26B	11.97	―	6.05%	-3.70%	-19.49%
TW:6266	63Neutral	TWD 3.32B	11.17	―	8.30%	-2.31%	-10.04%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:3311	51Neutral	TWD 3.70B	23.97	―	1.47%	46.08%	7.08%
TW:6928	47Neutral	TWD 3.53B	-33.77	―	1.22%	-18.84%	-271.24%
TW:6126	44Neutral	TWD 3.40B	37.25	―	2.34%	43.73%	-23.83%
TW:2483	40Underperform	TWD 3.61B	134.76	―	0.90%	8.09%	-67.97%

* General Sector Average

Performance Comparison

TW:3311 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:3311	Silitech Technology Corporation	40.70	7.63	23.07%
TW:2483	Excel Cell Electronic Co., Ltd.	33.15	13.43	68.14%
TW:3484	Solteam Incorporation	41.30	-5.35	-11.46%
TW:6126	Singatron Enterprise Co. Ltd.	25.60	-5.47	-17.61%
TW:6266	Top Union Electronics Corp.	21.45	-5.95	-21.70%
TW:6928	Ubiqconn Technology, Inc.	45.15	-6.25	-12.16%

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

Silitech Technology Corporation AI Stock Analysis