Alpha Networks Inc. (3380) AI Stock Analysis

Alpha Networks Inc.

(TWSE:3380)

Select Model

Rating:38Underperform

Price Target:TWD 25.00▼(-12.59% Downside)

Action:initiatedcoverage

Date:11/10/26

Weak financial performance from negative cash flows and thin margins is the dominant factor, reinforced by bearish technical signals and an elevated valuation multiple.

Positive Factors

Networking OEM/ODM PositionThe company operates across broadband access and connectivity hardware, serving telecom operators and equipment brands through engineering and OEM/ODM capabilities. This established product and customer model can support recurring commercial relationships and continued participation in essential network upgrades.

Negative Factors

Negative Cash GenerationDeeply negative operating and free cash flow means the business is currently consuming cash rather than funding itself. Persistent cash burn can limit investment flexibility, increase reliance on financing, and weaken the durability of the recent return to accounting profitability.

Alpha Networks Inc. (3380) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 15.57B
Dividend Yield: 1.75%
Average Volume (3M): 2.69M
Price to Earnings (P/E): 60.8
Beta (1Y): 0.83
Revenue Growth: 10.82%
EPS Growth: ―
Country: TW
Employees: 6,392
Sector: General
Sector Strength: 55
Industry: Communication Equipment

Alpha Networks Inc. Business Overview & Revenue Model

Company Description

Alpha Networks Inc. is a global technology company dedicated to the development, manufacturing, and support of a wide array of networking solutions. Its comprehensive product range covers both wired and wireless communication technologies. For local...

Alpha Networks Inc. Financial Statement Overview

Summary

Modest 5.7% revenue growth and 19% gross margins are offset by razor-thin 0.28% net margins, 0.74% ROE, rising leverage to 0.85 debt-to-equity, and sharply negative operating and free cash flow in the TTM period.

Income Statement

44Neutral

Balance Sheet

51Neutral

Cash Flow

27Negative

Financial statement breakdown
Breakdown	TTM	Dec 2024	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	24.03B	21.44B	22.46B	28.27B	33.63B	27.86B
Gross Profit	4.64B	3.93B	3.90B	4.74B	6.25B	4.59B
EBITDA	992.02M	1.38B	611.81M	1.74B	2.36B	1.54B
Net Income	67.78M	218.63M	-193.87M	547.92M	917.08M	433.89M
Balance Sheet
Total Assets	29.36B	23.24B	24.16B	23.80B	27.13B	24.73B
Cash, Cash Equivalents and Short-Term Investments	4.52B	4.04B	4.93B	3.26B	4.15B	4.94B
Total Debt	7.83B	2.36B	3.44B	2.14B	4.18B	4.73B
Total Liabilities	16.22B	9.26B	11.12B	10.47B	13.58B	12.17B
Stockholders Equity	9.21B	9.91B	9.12B	10.01B	10.37B	9.60B
Cash Flow
Free Cash Flow	-2.92B	600.99M	486.15M	1.96B	442.90M	-1.19B
Operating Cash Flow	-2.72B	1.29B	676.26M	2.70B	1.56B	-899.98M
Investing Cash Flow	-1.69B	-220.02M	-139.00M	-664.12M	-1.05B	-697.64M
Financing Cash Flow	3.39B	-392.41M	469.88M	-2.51B	-1.08B	382.28M

Alpha Networks Inc. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:3380 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:3022	62Neutral	TWD 12.93B	9.38	―	4.77%	26.50%	43.52%
TW:3704	57Neutral	TWD 14.44B	11.19	―	1.13%	4.90%	31.87%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:4906	52Neutral	TWD 15.97B	719.00	―	1.33%	-20.19%	―
TW:5309	42Neutral	TWD 13.18B	299.47	―	0.89%	11.31%	81.90%
TW:3380	38Underperform	TWD 15.57B	60.80	―	1.75%	10.82%	―

* General Sector Average

Performance Comparison

TW:3380 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:3380	Alpha Networks Inc.	28.60	-1.14	-3.84%
TW:3022	IEI Integration Corporation	73.30	8.15	12.51%
TW:3704	Zyxel Group Corporation	35.30	0.40	1.15%
TW:4906	GemTek Technology Co., Ltd.	35.50	8.35	30.74%
TW:5309	Sysgration Ltd.	55.90	0.75	1.37%
TW:7805	QNAP Systems, Inc.	388.50	-189.67	-32.81%

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

Alpha Networks Inc. AI Stock Analysis