Podak Co., Ltd (3537) AI Stock Analysis

Podak Co., Ltd

(TPEx:3537)

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Rating:62.2Neutral

Price Target:TWD 50.00▼(-0.60% Downside)

Action:initiatedcoverage

Date:11/10/26

The score is primarily supported by the healthy balance sheet, improved cash generation, and attractive valuation. These strengths are offset by declining profitability, margin pressure, and weak technical momentum.

Positive Factors

Strong Cash ConversionFree cash flow rose about 16.9% in 2025 and closely matched net income, indicating reported profitability converted into cash rather than relying mainly on accruals. That supports internally funded operations, shareholder distributions, and resilience over the next several quarters.

Negative Factors

Limited Revenue MomentumAnnual revenue growth was only about 2.7% in 2025 after a flat-to-down 2024, showing limited top-line momentum. This restrained expansion can cap operating leverage and makes future earnings growth more dependent on margin recovery or other efficiency improvements.

Podak Co., Ltd (3537) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 2.77B
Dividend Yield: 3.98%
Average Volume (3M): 504.00K
Price to Earnings (P/E): 10.5
Beta (1Y): 1.24
Revenue Growth: 10.41%
EPS Growth: 119.81%
Country: TW
Employees: 96
Sector: General
Sector Strength: 55
Industry: Electrical Equipment & Parts

Podak Co., Ltd Business Overview & Revenue Model

Company Description

Established in 1987 and headquartered in Taipei, Taiwan, Podak Co., LTD. functions as a sales representative throughout Taiwan and China. The company's core business involves the distribution of a comprehensive array of electronic components, spannin...

Podak Co., Ltd Financial Statement Overview

Summary

Solid overall financial quality, supported by a strong balance sheet and improved cash generation, but weakened profitability and compressed margins reduced the score.

Income Statement

60Neutral

Balance Sheet

80Positive

Cash Flow

78Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.02B	2.92B	2.82B	2.84B	2.81B	3.16B
Gross Profit	434.49M	413.60M	413.85M	394.90M	399.77M	521.76M
EBITDA	287.86M	229.60M	285.94M	211.28M	309.94M	276.94M
Net Income	258.02M	141.19M	206.68M	148.92M	236.59M	212.51M
Balance Sheet
Total Assets	2.12B	2.00B	2.01B	2.04B	2.03B	2.06B
Cash, Cash Equivalents and Short-Term Investments	510.29M	377.19M	270.57M	303.92M	353.25M	162.22M
Total Debt	264.24M	416.56M	404.60M	447.10M	510.47M	332.18M
Total Liabilities	830.08M	726.95M	741.90M	889.73M	894.13M	987.27M
Stockholders Equity	1.29B	1.27B	1.26B	1.15B	1.14B	1.07B
Cash Flow
Free Cash Flow	287.48M	226.52M	128.31M	166.48M	211.97M	135.36M
Operating Cash Flow	287.80M	227.27M	128.62M	170.94M	218.10M	136.66M
Investing Cash Flow	-14.75M	1.24M	-16.55M	-18.31M	-26.69M	-3.21M
Financing Cash Flow	-202.29M	-119.47M	-153.84M	-200.18M	-9.77M	-159.35M

Podak Co., Ltd Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:3537 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:2471	80Outperform	TWD 2.57B	12.38	―	5.54%	9.46%	85.40%
TW:6123	64Neutral	TWD 2.46B	12.54	―	8.89%	-7.12%	11.08%
TW:3537	62Neutral	TWD 2.82B	10.50	―	3.98%	10.41%	119.81%
TW:6161	60Neutral	TWD 2.61B	10.86	―	4.58%	15.41%	74.96%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:3047	41Neutral	TWD 2.99B	-15.27	―	2.23%	-32.95%	-101.63%
TW:3041	31Underperform	TWD 2.99B	-6.76	―	―	3.96%	-48.99%

* General Sector Average

Performance Comparison

TW:3537 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:3537	Podak Co., Ltd	50.30	2.06	4.27%
TW:2471	Ares International Corp.	59.80	12.98	27.74%
TW:3041	ALi Corporation	20.00	-6.95	-25.79%
TW:3047	Edimax Technology Co., Ltd.	13.90	-4.60	-24.86%
TW:6123	GrandTech C.G. Systems, Inc.	40.50	-8.03	-16.54%
TW:6161	Jetway Information Co., Ltd.	48.00	2.59	5.71%

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

Podak Co., Ltd AI Stock Analysis