Solteam Incorporation (3484) AI Stock Analysis

Solteam Incorporation

(TPEx:3484)

Select Model

Rating:67Neutral

Price Target:TWD 44.00▲(6.54% Upside)

Action:initiatedcoverage

Date:11/10/26

The score is supported by strong balance-sheet quality and attractive valuation, including a low P/E ratio and high dividend yield. These strengths are offset by weak technical momentum, margin pressure, uneven growth, and declining free cash flow.

Positive Factors

Stable ProfitabilityConsistent gross and net margins indicate that Solteam has maintained pricing and cost discipline despite uneven growth. This provides a durable earnings base, supports internal funding, and gives the company resilience while it works through demand variability over the coming quarters.

Negative Factors

Revenue DeclineThe recent revenue decline indicates that demand has not yet established a dependable growth trajectory. Persistent top-line variability can limit operating leverage, make planning less predictable, and constrain the company’s ability to expand earnings even when margins remain stable.

Solteam Incorporation (3484) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 3.26B
Dividend Yield: 6.05%
Average Volume (3M): 174.48K
Price to Earnings (P/E): 12.0
Beta (1Y): 0.80
Revenue Growth: -3.70%
EPS Growth: -19.49%
Country: TW
Employees: 1,429
Sector: General
Sector Strength: 55
Industry: Electrical Equipment & Parts

Solteam Incorporation Business Overview & Revenue Model

Company Description

Solteam Incorporation specializes in the research and development of a diverse array of electronic components, including switches, power inlets/outlets, and adapters. The company serves markets throughout Taiwan and the broader Asian region. Its comp...

Solteam Incorporation Financial Statement Overview

Summary

Solid overall financial health, led by declining leverage, growing equity, and a strong balance sheet. Profitability is sound, but weaker margins, negative revenue growth, and declining free cash flow limit the score.

Income Statement

67Positive

Balance Sheet

82Very Positive

Cash Flow

68Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	4.57B	4.63B	4.35B	3.41B	5.98B	6.91B
Gross Profit	1.04B	1.16B	1.12B	719.09M	1.17B	1.53B
EBITDA	427.67M	544.14M	593.23M	360.43M	585.97M	817.88M
Net Income	273.06M	335.12M	315.65M	115.36M	353.25M	568.79M
Balance Sheet
Total Assets	5.33B	5.13B	5.30B	4.93B	5.05B	5.69B
Cash, Cash Equivalents and Short-Term Investments	1.98B	1.83B	1.91B	2.10B	1.72B	1.36B
Total Debt	567.33M	579.40M	776.28M	1.19B	1.40B	1.18B
Total Liabilities	2.04B	1.83B	2.12B	2.21B	2.49B	3.35B
Stockholders Equity	3.25B	3.26B	3.13B	2.69B	2.53B	2.30B
Cash Flow
Free Cash Flow	274.39M	337.41M	218.17M	518.83M	411.19M	197.41M
Operating Cash Flow	322.94M	380.13M	262.71M	581.67M	783.89M	370.12M
Investing Cash Flow	-23.51M	-434.66M	329.14M	-262.48M	-392.25M	-212.14M
Financing Cash Flow	-310.76M	-330.93M	-603.78M	-206.39M	-141.91M	127.34M

Solteam Incorporation Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:3484 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:3484	67Neutral	TWD 3.26B	11.97	―	6.05%	-3.70%	-19.49%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:1616	53Neutral	TWD 3.00B	36.36	―	8.49%	1.98%	-95.72%
TW:3311	51Neutral	TWD 3.70B	23.97	―	1.47%	46.08%	7.08%
TW:6126	44Neutral	TWD 3.40B	37.25	―	2.34%	43.73%	-23.83%
TW:6220	44Neutral	TWD 3.54B	19.14	―	2.91%	14.67%	64.02%
TW:2483	40Underperform	TWD 3.61B	134.76	―	0.90%	8.09%	-67.97%

* General Sector Average

Performance Comparison

TW:3484 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:3484	Solteam Incorporation	41.30	-5.35	-11.46%
TW:1616	Evertop Wire Cable Corporation	16.00	-12.48	-43.82%
TW:2483	Excel Cell Electronic Co., Ltd.	33.15	13.48	68.56%
TW:3311	Silitech Technology Corporation	40.70	7.93	24.18%
TW:6126	Singatron Enterprise Co. Ltd.	25.60	-5.18	-16.82%
TW:6220	YFC-BonEagle Electric Co., Ltd.	24.05	1.22	5.35%

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

Solteam Incorporation AI Stock Analysis