USUN Technology Co.,Ltd AI Stock Analysis
USUN Technology Co.,Ltd (3498) AI Stock Analysis
USUN Technology Co.,Ltd
(TPEx:3498)
USUN Technology scores modestly above the midpoint. The main support comes from an almost debt-free balance sheet (debt-to-equity of 0.03) and a genuine operational turnaround — revenue growth, a swing to operating profit, record gross margin and strong free cash flow. These strengths are tempered by very thin net margins, a 1.3% return on equity, and a history of volatile revenue and cash flow that leaves the durability of the recovery unproven. Valuation is the biggest drag: a P/E above 47 with no dividend leaves little margin for error. Technically, the shares retain a positive long-term trend above their 100- and 200-day averages but have recently broken below shorter-term averages into oversold territory, reflecting near-term consolidation.
USUN Technology Co.,Ltd (3498) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 12.66B
- Dividend Yield
- ―
- Average Volume (3M)
- 3.78M
- Price to Earnings (P/E)
- 48.8
- Beta (1Y)
- 0.93
- Revenue Growth
- 132.83%
- EPS Growth
- ―
- Country
- TW
- Employees
- 845
- Sector
- General
- Sector Strength
- 55
- Industry
- Industrial - Machinery
USUN Technology Co.,Ltd Business Overview & Revenue Model
Company Description
Usun Technology Co., Ltd. focuses on developing and applying touch and panel-level materials for a broad spectrum of electronic products, including computers, communication devices, and consumer electronics. The company also provides advanced industr...
USUN Technology Co.,Ltd Financial Statement Overview
Summary
A credible turnaround year supported by a fortress-like balance sheet. Revenue rebounded to NT$1.36bn from NT$947m, gross margin expanded to 36.5%, operating income swung to a NT$127m profit, and operating cash flow jumped to NT$200m with free cash flow of NT$193m on minimal capex. The balance sheet is the strongest pillar — debt-to-equity of just 0.03 and NT$2.24bn of equity funding roughly 55% of assets. Offsetting this are a razor-thin 2.1% net margin, a weak 1.3% return on equity, a sizeable build-up in non-debt liabilities as assets grew 27%, and a highly cyclical six-year record of swinging revenue, earnings and cash flow.
Income Statement
58NeutralBalance Sheet
72PositiveCash Flow
68Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.81B | 1.36B | 946.87M | 1.20B | 1.74B | 1.47B |
| Gross Profit | 761.34M | 495.48M | 275.21M | 333.29M | 446.02M | 502.45M |
| EBITDA | 901.29M | 172.74M | -101.18M | -77.08M | 152.68M | 95.87M |
| Net Income | 268.43M | 29.12M | -151.12M | -146.26M | 102.64M | 16.55M |
Balance Sheet | ||||||
| Total Assets | 5.35B | 4.04B | 3.17B | 3.09B | 3.82B | 3.97B |
| Cash, Cash Equivalents and Short-Term Investments | 2.47B | 1.71B | 1.55B | 1.37B | 1.33B | 1.34B |
| Total Debt | 35.05M | 65.80M | 113.57M | 74.70M | 169.20M | 286.79M |
| Total Liabilities | 2.86B | 1.80B | 947.01M | 767.62M | 1.44B | 1.66B |
| Stockholders Equity | 2.49B | 2.24B | 2.22B | 2.32B | 2.38B | 2.31B |
Cash Flow | ||||||
| Free Cash Flow | 958.43M | 193.49M | -3.71M | -806.00K | 81.62M | -176.33M |
| Operating Cash Flow | 972.59M | 199.81M | 3.69M | 13.85M | 105.35M | -150.63M |
| Investing Cash Flow | -895.87M | -285.17M | -208.64M | 309.73M | -84.70M | 48.94M |
| Financing Cash Flow | -23.59M | -53.31M | 31.40M | -218.54M | -144.81M | 218.80M |
USUN Technology Co.,Ltd Peers Comparison
Overall Rating
TW:341669Neutral
TW:308867Neutral
TW:624564Neutral- TW:349857Neutral
TW:805051Neutral
TW:370150Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:3416 | 69Neutral | TWD 12.38B | 16.32 | ― | 3.16% | 31.00% | 32.07% |
| TW:3088 | 67Neutral | TWD 12.32B | 12.87 | ― | 2.63% | 35.40% | 73.91% |
| TW:6245 | 64Neutral | TWD 12.61B | 17.60 | ― | 4.29% | 11.74% | 8.17% |
| TW:3498 | 57Neutral | TWD 11.25B | 48.76 | ― | ― | 132.83% | ― |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:8050 | 51Neutral | TWD 9.99B | 12.97 | ― | 4.15% | 17.15% | 104.20% |
| TW:3701 | 50Neutral | TWD 13.61B | -24.81 | ― | 0.35% | -16.41% | -435.36% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:3498 | USUN Technology Co.,Ltd | 209.50 | 158.10 | 307.59% | |
| TW:3088 | Axiomtek Co Ltd | 111.50 | 35.93 | 47.55% | |
| TW:3416 | Winmate Inc. | 146.50 | 6.60 | 4.72% | |
| TW:3701 | FIC Global, Inc. | 63.20 | 30.00 | 90.36% | |
| TW:6245 | Lanner Electronics Inc. | 88.50 | 18.32 | 26.10% | |
| TW:8050 | iBASE Technology Inc. | 51.80 | 6.26 | 13.74% |
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