Alltop Technology Co. Ltd. (3526) AI Stock Analysis

Alltop Technology Co. Ltd.

(TPEx:3526)

Select Model

Rating:69Neutral

Price Target:TWD 232.00▲(6.42% Upside)

Action:initiatedcoverage

Date:11/09/26

Solid financial performance driven by revenue expansion and margins is the primary positive, reinforced by attractive valuation; technical weakness from downtrend and negative momentum weighs on the score.

Positive Factors

Strong ProfitabilitySustained high gross, operating, and net margins indicate strong earnings power and provide resilience against moderate cost or demand pressure. This profitability can support continued investment, shareholder returns, and internal funding of the business over the next several quarters.

Negative Factors

Rising LeverageThe sharp increase in debt and higher debt-to-equity reduce financial flexibility and could make the company more sensitive to operating or financing pressure. Greater leverage may also constrain future investment and capital allocation if elevated debt persists over coming quarters.

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

Strong revenue growth to 3.93B and healthy margins near 50% gross support solid profitability, though rising debt to 2.34B and debt-to-equity of 0.56 introduce moderate risk; cash flow remains robust.

Income Statement

85Very Positive

Balance Sheet

65Positive

Cash Flow

72Positive

Financial statement breakdown
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

UnderperformOutperform

Sector (55)

Financial Indicators

TW:3526 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:3526	69Neutral	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

TW:3526 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:3526	Alltop Technology Co. Ltd.	218.00	-6.72	-2.99%
TW:2392	Cheng Uei Precision Industry Co., Ltd.	34.30	-5.84	-14.54%
TW:3013	Chenming Electronic Technology Corporation	76.60	-46.46	-37.75%
TW:5243	Eson Precision Ind. Co., Ltd.	88.00	10.94	14.20%
TW:6189	Promate Electronic Co., Ltd.	42.85	0.03	0.07%
TW:6279	Hu Lane Associate, Inc.	97.90	-25.51	-20.67%

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

Alltop Technology Co. Ltd. AI Stock Analysis