ASRock Incorporation AI Stock Analysis
ASRock Incorporation (3515) AI Stock Analysis
ASRock Incorporation
(TWSE:3515)
The overall score of 66 reflects a company with a fortress-like balance sheet and attractive valuation that is currently under significant technical pressure. The primary strength is the financial foundation: near-zero debt and a high dividend yield of 5.5% backed by a low P/E of 13.2 provide a compelling value proposition. However, the stock is in a clear downtrend, trading below all major moving averages with weak momentum, which heavily weighs on the near-term outlook. The core financial challenge is the weak conversion of explosive revenue growth into net profit and cash flow, a risk that must be resolved for long-term value to be realized.
ASRock Incorporation (3515) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 24.52B
- Dividend Yield
- 5.56%
- Average Volume (3M)
- 518.15K
- Price to Earnings (P/E)
- 11.2
- Beta (1Y)
- 0.88
- Revenue Growth
- 24.91%
- EPS Growth
- 21.18%
- Country
- TW
- Employees
- 600
- Sector
- General
- Sector Strength
- 55
- Industry
- Computer Hardware
ASRock Incorporation Business Overview & Revenue Model
Company Description
ASROCK Incorporation, a Taiwan-based enterprise, is a key player in the production and sale of motherboards. The company's comprehensive product range also includes graphics cards, various networking solutions, compact and industrial personal compute...
ASRock Incorporation Financial Statement Overview
Summary
ASRock's financials show a tale of two profiles. The balance sheet is exceptional with near-zero debt and a 15.7% ROE, providing a rock-solid foundation. The income statement reveals explosive 86% revenue growth and a vastly improved gross margin, but net margin compression and weak cash conversion (0.11 operating cash flow to net income) are significant concerns. The overall financial health is strong, but profitability and cash efficiency issues prevent a higher score.
Income Statement
72PositiveBalance Sheet
88Very PositiveCash Flow
65Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 48.83B | 47.84B | 25.65B | 18.99B | 17.12B | 19.76B |
| Gross Profit | 42.17B | 41.36B | 4.87B | 3.83B | 3.70B | 5.56B |
| EBITDA | 3.50B | 3.04B | 2.14B | 1.41B | 1.57B | 3.16B |
| Net Income | 1.91B | 1.89B | 1.29B | 919.04M | 1.07B | 2.38B |
Balance Sheet | ||||||
| Total Assets | 31.68B | 27.13B | 19.64B | 14.38B | 14.77B | 15.89B |
| Cash, Cash Equivalents and Short-Term Investments | 4.79B | 7.73B | 4.76B | 4.92B | 3.93B | 3.49B |
| Total Debt | 1.52B | 63.16M | 477.47M | 142.11M | 696.77M | 91.02M |
| Total Liabilities | 16.60B | 12.03B | 9.28B | 5.49B | 5.87B | 7.11B |
| Stockholders Equity | 11.62B | 11.99B | 9.30B | 8.12B | 8.19B | 8.27B |
Cash Flow | ||||||
| Free Cash Flow | -4.81B | 1.07B | -294.75M | 2.59B | 1.04B | 971.19M |
| Operating Cash Flow | -4.67B | 1.27B | 922.43M | 2.64B | 1.14B | 1.02B |
| Investing Cash Flow | -212.87M | -499.06M | -406.63M | -1.50B | 868.78M | -516.84M |
| Financing Cash Flow | 3.70B | 1.95B | -264.77M | -1.68B | -1.03B | -953.23M |
ASRock Incorporation Peers Comparison
Overall Rating
- TW:351566Neutral
TW:369358.5Neutral
TW:616656Neutral
TW:657956Neutral
TW:236254Neutral
TW:238854Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:3515 | 66Neutral | TWD 25.26B | 11.21 | ― | 5.56% | 24.91% | 21.18% |
| TW:3693 | 59Neutral | TWD 29.32B | 44.58 | ― | 1.16% | -20.76% | -34.98% |
| TW:6166 | 56Neutral | TWD 20.34B | 15.92 | ― | 1.33% | 31.89% | 141.45% |
| TW:6579 | 56Neutral | TWD 23.05B | 11.77 | ― | 2.79% | 27.97% | 109.74% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:2362 | 54Neutral | TWD 22.88B | 6.61 | ― | 4.99% | -0.99% | 91.52% |
| TW:2388 | 54Neutral | TWD 31.47B | 32.22 | ― | 0.09% | -2.83% | 4352.20% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:3515 | ASRock Incorporation | 198.00 | -64.55 | -24.58% | |
| TW:2362 | Clevo Co. | 40.10 | -0.99 | -2.40% | |
| TW:2388 | VIA Technologies, Inc. | 55.20 | 4.83 | 9.59% | |
| TW:3693 | AIC, Inc. | 687.00 | 359.29 | 109.63% | |
| TW:6166 | Adlink Technology Inc. | 90.10 | 33.80 | 60.04% | |
| TW:6579 | AAEON Technology Inc. | 134.50 | 20.65 | 18.14% |
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