Thermaltake Technology Co., Ltd. AI Stock Analysis
Thermaltake Technology Co., Ltd. (3540) AI Stock Analysis
Thermaltake Technology Co., Ltd.
(TPEx:3540)
The overall score of 40 reflects a high-risk profile. The most significant factor is the company's weak financial health, characterized by high leverage and critically poor cash flow generation that fails to cover its marginal profits. This is compounded by bearish technical momentum, with the stock trading below all key moving averages, and a high P/E ratio that is difficult to justify given the fragile earnings quality.
Thermaltake Technology Co., Ltd. (3540) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 1.76B
- Dividend Yield
- 1.23%
- Average Volume (3M)
- 586.08K
- Price to Earnings (P/E)
- 48.0
- Beta (1Y)
- 1.00
- Revenue Growth
- -1.69%
- EPS Growth
- 280.47%
- Country
- TW
- Employees
- 400
- Sector
- General
- Sector Strength
- 55
- Industry
- Computer Hardware
Thermaltake Technology Co., Ltd. Business Overview & Revenue Model
Company Description
Thermaltake Technology Co., Ltd. is a global company that specializes in a diverse array of products spanning the entertainment, e-sports, technology, and lifestyle markets, serving customers both in Taiwan and internationally. The company's offering...
Thermaltake Technology Co., Ltd. Financial Statement Overview
Summary
Financial performance is weak. While revenue recovered 5.4% and the company returned to marginal profitability, the net margin is razor-thin at 1.0%. The balance sheet is highly leveraged (debt-to-equity of 1.57) and cash flow generation is critically poor, with negative free cash flow of -NT$8.3 million, indicating an inability to convert slim profits into cash.
Income Statement
48NeutralBalance Sheet
35NegativeCash Flow
30Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.83B | 5.14B | 3.98B | 4.38B | 3.19B | 4.24B |
| Gross Profit | 1.30B | 1.62B | 1.19B | 1.36B | 972.70M | 1.45B |
| EBITDA | 297.21M | 324.00M | 134.62M | 344.63M | 226.25M | 427.62M |
| Net Income | 63.97M | 53.76M | -97.65M | 100.34M | 30.72M | 217.18M |
Balance Sheet | ||||||
| Total Assets | 5.63B | 5.73B | 5.21B | 4.63B | 4.31B | 4.15B |
| Cash, Cash Equivalents and Short-Term Investments | 796.70M | 738.96M | 728.56M | 716.48M | 1.14B | 827.19M |
| Total Debt | 2.64B | 2.83B | 2.63B | 1.94B | 1.94B | 1.62B |
| Total Liabilities | 3.71B | 3.98B | 3.44B | 2.81B | 2.57B | 2.47B |
| Stockholders Equity | 1.98B | 1.80B | 1.81B | 1.84B | 1.74B | 1.67B |
Cash Flow | ||||||
| Free Cash Flow | -151.73M | -8.33M | -366.28M | -107.17M | 70.77M | -503.91M |
| Operating Cash Flow | -114.77M | 28.97M | -334.51M | -47.72M | 118.03M | -468.99M |
| Investing Cash Flow | -69.48M | -58.72M | -82.40M | -89.03M | -62.55M | -47.77M |
| Financing Cash Flow | 136.76M | 57.62M | 385.98M | -279.71M | 121.73M | 72.98M |
Thermaltake Technology Co., Ltd. Peers Comparison
Overall Rating
TW:243266Neutral
TW:320656Neutral
TW:328553Neutral- TW:354040Underperform
TW:158739Underperform
TW:808532Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:2432 | 66Neutral | TWD 1.70B | 10.88 | ― | 6.08% | 57.95% | 51.30% |
| TW:3206 | 56Neutral | TWD 1.85B | 15.48 | ― | 4.80% | -0.47% | 1.25% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:3285 | 53Neutral | TWD 1.89B | 26.96 | ― | 1.03% | 25.00% | 430.27% |
| TW:3540 | 40Underperform | TWD 1.74B | 48.02 | ― | 1.23% | -1.69% | 280.47% |
| TW:1587 | 39Underperform | TWD 1.60B | -180.45 | ― | 2.51% | 13.58% | -152.92% |
| TW:8085 | 32Underperform | TWD 1.73B | -10.08 | ― | ― | 0.80% | -102.86% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:3540 | Thermaltake Technology Co., Ltd. | 21.00 | -8.60 | -29.06% | |
| TW:1587 | Cryomax Cooling System Corp. | 19.85 | -21.90 | -52.46% | |
| TW:2432 | Acer Gadget Inc | 27.95 | 1.39 | 5.25% | |
| TW:3206 | Kingstate Electronics Corp. | 31.25 | -0.73 | -2.29% | |
| TW:3285 | Microtips Technology Inc. | 48.60 | 21.64 | 80.29% | |
| TW:8085 | Forward Electronics Co., Ltd. | 12.35 | -5.85 | -32.14% |
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 10, 2026