Single Well Industrial Co. Ltd. (3490) AI Stock Analysis

Single Well Industrial Co. Ltd.

(TPEx:3490)

Select Model

Rating:45Neutral

Price Target:TWD 32.00▼(-8.57% Downside)

Action:initiatedcoverage

Date:11/10/26

The score is primarily constrained by severely weak financial performance and negative cash flow, with bearish technical momentum adding risk. Attractive valuation metrics provide meaningful support but are not sufficient to offset the unfavorable operating and cash-generation trends.

Positive Factors

Meaningful Equity BaseA sizable equity base provides the company with some balance-sheet resilience despite higher leverage. This capital cushion can help absorb operating volatility and preserve financial flexibility over the next several quarters, even though returns on equity have weakened materially.

Negative Factors

Shrinking Revenue and Compressed MarginsSeveral years of revenue contraction combined with a large gross-margin decline point to sustained pressure on the company’s operating model. Weaker pricing and/or higher costs reduce earnings resilience, limit reinvestment capacity, and make a durable profit recovery more difficult.

Single Well Industrial Co. Ltd. (3490) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 1.78B
Dividend Yield: 1.43%
Average Volume (3M): 3.87M
Price to Earnings (P/E): 5.1
Beta (1Y): 0.98
Revenue Growth: 0.22%
EPS Growth: ―
Country: TW
Employees: 150
Sector: General
Sector Strength: 55
Industry: Industrial - Machinery

Single Well Industrial Co. Ltd. Business Overview & Revenue Model

Company Description

Single Well Industrial Corporation, headquartered in New Taipei City, Taiwan, is a prominent manufacturer and supplier focused on three main sectors: specialized packaging molds, advanced industrial automation equipment, and solar energy products. Th...

Single Well Industrial Co. Ltd. Financial Statement Overview

Summary

Financial quality is very weak: revenue, margins, and net income deteriorated sharply, while free cash flow was negative. A solid equity base and moderate leverage provide some support, but do not offset poor profitability and cash generation.

Income Statement

24Negative

Balance Sheet

64Positive

Cash Flow

18Very Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	265.52M	255.76M	279.69M	344.86M	531.50M	525.28M
Gross Profit	55.34M	50.21M	55.09M	87.14M	189.87M	200.12M
EBITDA	56.26M	72.86M	153.49M	116.03M	203.69M	195.29M
Net Income	347.91M	3.02M	91.11M	51.80M	119.29M	124.63M
Balance Sheet
Total Assets	2.47B	2.01B	1.77B	1.51B	1.64B	1.67B
Cash, Cash Equivalents and Short-Term Investments	723.83M	477.70M	501.58M	310.92M	293.20M	240.19M
Total Debt	691.73M	635.26M	337.18M	89.61M	159.25M	174.86M
Total Liabilities	893.14M	749.30M	463.68M	230.36M	337.94M	380.11M
Stockholders Equity	1.58B	1.26B	1.31B	1.27B	1.30B	1.29B
Cash Flow
Free Cash Flow	-95.31M	-173.35M	-109.72M	65.81M	198.61M	142.50M
Operating Cash Flow	78.79M	41.00M	29.48M	87.08M	204.38M	173.77M
Investing Cash Flow	-360.11M	-334.62M	-74.18M	-27.40M	-37.64M	-53.64M
Financing Cash Flow	175.53M	209.60M	177.67M	-145.48M	-134.63M	-76.32M

Single Well Industrial Co. Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:3490 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:5315	75Outperform	TWD 1.85B	10.66	―	9.04%	2.53%	3.36%
TW:6556	68Neutral	TWD 1.75B	7.77	―	5.71%	3.78%	33.16%
TW:4995	57Neutral	TWD 1.71B	10.22	―	5.00%	14.06%	111.77%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:3285	53Neutral	TWD 1.89B	26.96	―	1.03%	25.00%	430.27%
TW:3490	45Neutral	TWD 1.91B	5.13	―	1.43%	0.22%	―

* General Sector Average

Performance Comparison

TW:3490 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:3490	Single Well Industrial Co. Ltd.	35.00	10.15	40.86%
TW:3285	Microtips Technology Inc.	48.60	21.25	77.68%
TW:4995	Litemax Electronics Inc.	39.85	-1.83	-4.39%
TW:5315	United Radiant Technology Corporation	17.70	-4.63	-20.73%
TW:6556	Topview Optronics Corp.	61.30	-4.59	-6.97%
TW:6737	Solidyear Co. Ltd.	28.65	-16.27	-36.22%

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 10, 2026

Single Well Industrial Co. Ltd. AI Stock Analysis