Alltop Technology Co. Ltd. AI Stock Analysis
Alltop Technology Co. Ltd. (3526) AI Stock Analysis
Alltop Technology Co. Ltd.
(TPEx:3526)
The score is anchored by solid fundamentals: two years of strong revenue growth, ~50% gross and ~28% net margins, ~26% ROE and consistently positive free cash flow. Valuation adds support, with a low 12.1x P/E and an unusually high ~8.0% dividend yield. The main drag is technical: the stock trades far below all major moving averages with a sharply negative MACD, indicating a persistent downtrend. Secondary risks include margin erosion, a near doubling of debt to 0.56x equity, and flat operating cash flow despite rising sales. Earnings call and corporate event components were excluded due to lack of data, with their weight redistributed across the remaining factors.
Alltop Technology Co. Ltd. (3526) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 14.32B
- Dividend Yield
- 7.73%
- Average Volume (3M)
- 238.41K
- Price to Earnings (P/E)
- 11.8
- Beta (1Y)
- 0.90
- Revenue Growth
- 24.44%
- EPS Growth
- 7.01%
- Country
- TW
- Employees
- 8,029
- Sector
- General
- Sector Strength
- 55
- Industry
- Hardware, Equipment & Parts
Alltop Technology Co. Ltd. Business Overview & Revenue Model
Company Description
Alltop Technology Co., Ltd., together with its subsidiaries, engages in the research, design, development, manufacture, and sale of electronic connectors in Taiwan and China. The company offers cables for servers; and connectors for servers, notebook...
Alltop Technology Co. Ltd. Financial Statement Overview
Summary
Alltop shows a high-quality, high-margin profile: FY2025 revenue grew ~22% to NT$3.93bn after a 34% surge in FY2024, with gross margin near 50%, net margin ~28% and net income of NT$1.11bn. Return on equity is a consistent ~26%, and free cash flow has been positive every year (NT$899m in FY2025, ~87% of net income). Offsetting these strengths, gross margin compressed from 52.6% to 49.9% and net margin from 31.8% to 28.1%, total debt nearly doubled to NT$2.34bn (debt-to-equity up to 0.56x, the highest in six years), and operating cash flow was flat at NT$1.04bn despite higher sales — signs of rising working capital needs and more aggressive, leverage-funded investment.
Income Statement
84Very PositiveBalance Sheet
73PositiveCash Flow
72Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.39B | 3.93B | 3.21B | 2.39B | 2.31B | 2.62B |
| Gross Profit | 2.12B | 1.96B | 1.69B | 1.23B | 1.07B | 1.22B |
| EBITDA | 1.61B | 1.54B | 1.40B | 971.93M | 848.06M | 944.03M |
| Net Income | 1.17B | 1.11B | 1.02B | 689.70M | 554.09M | 643.17M |
Balance Sheet | ||||||
| Total Assets | 7.64B | 7.89B | 6.26B | 4.39B | 4.10B | 4.08B |
| Cash, Cash Equivalents and Short-Term Investments | 3.85B | 4.30B | 3.11B | 1.89B | 993.02M | 971.01M |
| Total Debt | 2.22B | 2.34B | 1.25B | 1.07B | 926.05M | 799.22M |
| Total Liabilities | 3.51B | 3.67B | 2.45B | 1.78B | 1.58B | 1.58B |
| Stockholders Equity | 4.14B | 4.21B | 3.81B | 2.61B | 2.52B | 2.50B |
Cash Flow | ||||||
| Free Cash Flow | 1.03B | 899.07M | 918.90M | 571.69M | 742.59M | 380.59M |
| Operating Cash Flow | 1.19B | 1.04B | 1.03B | 675.00M | 845.62M | 585.38M |
| Investing Cash Flow | -1.51B | -505.00M | -386.14M | 196.50M | -45.22M | -1.40B |
| Financing Cash Flow | -274.99M | 431.87M | 183.11M | -427.26M | -450.83M | -127.88M |
Alltop Technology Co. Ltd. Peers Comparison
Overall Rating
- TW:352668Neutral
TW:301367Neutral
TW:524365Neutral
TW:627964Neutral
TW:618957Neutral
TW:239245Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:3526 | 68Neutral | TWD 14.60B | 11.84 | ― | 7.73% | 24.44% | 7.01% |
| TW:3013 | 67Neutral | TWD 16.21B | 13.11 | ― | 0.50% | 18.56% | 52.98% |
| TW:5243 | 65Neutral | TWD 14.19B | 16.47 | ― | 2.50% | -10.75% | 27.51% |
| TW:6279 | 64Neutral | TWD 11.90B | 8.76 | ― | 5.62% | 12.67% | 15.02% |
| TW:6189 | 57Neutral | TWD 11.54B | 11.23 | ― | 6.30% | -2.75% | 36.35% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:2392 | 45Neutral | TWD 16.68B | 4.41 | ― | 2.92% | -10.50% | 1834.43% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:3526 | Alltop Technology Co. Ltd. | 218.00 | -5.31 | -2.38% | |
| TW:2392 | Cheng Uei Precision Industry Co., Ltd. | 34.30 | -10.26 | -23.03% | |
| TW:3013 | Chenming Electronic Technology Corporation | 76.60 | -46.46 | -37.75% | |
| TW:5243 | Eson Precision Ind. Co., Ltd. | 88.00 | 8.70 | 10.97% | |
| TW:6189 | Promate Electronic Co., Ltd. | 42.85 | -0.73 | -1.67% | |
| TW:6279 | Hu Lane Associate, Inc. | 97.90 | -26.47 | -21.28% |
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