Copartner Technology Corporation (3550) AI Stock Analysis

Copartner Technology Corporation

(TWSE:3550)

Select Model

Rating:38Underperform

Price Target:TWD 17.00▼(-7.86% Downside)

Action:initiatedcoverage

Date:11/09/26

Copartner Technology scores near the bottom of the range. The dominant factor is weak financial performance: four straight years of losses, negative return on equity, debt exceeding equity at 1.29x, and free cash flow that remains negative, leaving the company reliant on external funding. Encouragingly, every statement shows improvement — revenue has stabilized, gross margin expanded for a third year, losses narrowed by 40%, and operating cash flow turned positive — but the turnaround is unproven. Technicals compound the caution, with the price below all major moving averages and a negative MACD, although extremely oversold RSI and Stochastic readings suggest a possible short-term bounce. Valuation provides no cushion, as the triple-digit-plus P/E reflects negligible earnings and no dividend is paid. Investors should look for sustained revenue growth and a return to operating profitability before the risk profile improves.

Positive Factors

Margin RecoveryImproving gross and EBITDA margins indicate that operating performance strengthened despite the company’s difficult revenue backdrop. If sustained, better margins can improve earnings conversion, support more efficient operations, and help move the business toward renewed profitability over the next several quarters.

Negative Factors

Persistent Revenue ContractionSeveral consecutive years of revenue contraction indicate sustained pressure on the company’s business scale rather than a single weak quarter. A shrinking revenue base can reduce operating leverage, limit reinvestment capacity, and make margin improvements harder to convert into durable earnings growth.

Copartner Technology Corporation (3550) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 1.97B
Dividend Yield: ―
Average Volume (3M): 1.40M
Price to Earnings (P/E): 1860.0
Beta (1Y): 1.08
Revenue Growth: 13.15%
EPS Growth: ―
Country: TW
Employees: 90
Sector: General
Sector Strength: 55
Industry: Electrical Equipment & Parts

Copartner Technology Corporation Business Overview & Revenue Model

Company Description

Copartner Technology Corporation, headquartered in New Taipei City, Taiwan, is a global manufacturer and supplier of an extensive range of wire and cable solutions. Established in 1987, and known as Cablex Wire & Cable Mfg. Corp. until its rebranding...

Copartner Technology Corporation Financial Statement Overview

Summary

Copartner Technology remains an early-stage turnaround with fragile fundamentals. The income statement (33) shows a fourth consecutive year of losses, with a net loss of NT$104 million and a -3.0% net margin, though revenue stabilized at NT$3.53 billion (+3%) and gross margin improved to 14.9% from 12.3%. The balance sheet (44) is the relative strength: equity grew to NT$1.55 billion and debt fell to NT$1.99 billion, cutting debt-to-equity to 1.29 from 1.49, but leverage still exceeds equity and ROE is negative at -6.7%. Cash flow (31) is the weakest link — operating cash flow barely turned positive at NT$36 million (3.5% of sales) while free cash flow stayed negative at -NT$74 million, marking the fifth negative year out of six. The trajectory is improving across all three statements, but the business does not yet fund its own investment or generate profit.

Income Statement

33Negative

Balance Sheet

44Neutral

Cash Flow

31Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	4.01B	3.53B	3.42B	3.64B	4.17B	4.85B
Gross Profit	674.66M	527.55M	421.98M	363.56M	617.61M	799.87M
EBITDA	181.74M	106.68M	53.95M	-186.23M	200.55M	348.49M
Net Income	13.05M	-104.34M	-176.14M	-362.51M	-24.63M	81.82M
Balance Sheet
Total Assets	4.41B	4.09B	4.31B	4.24B	4.45B	4.39B
Cash, Cash Equivalents and Short-Term Investments	863.35M	888.97M	879.11M	1.08B	1.26B	829.78M
Total Debt	2.06B	1.99B	2.16B	2.13B	1.86B	1.76B
Total Liabilities	2.64B	2.52B	2.83B	2.75B	2.51B	2.45B
Stockholders Equity	1.75B	1.55B	1.45B	1.48B	1.93B	1.93B
Cash Flow
Free Cash Flow	-497.05M	-73.66M	-391.29M	-329.87M	420.12M	-309.17M
Operating Cash Flow	-403.08M	35.88M	-154.89M	71.90M	670.27M	-56.64M
Investing Cash Flow	-81.12M	-99.87M	-216.04M	-376.59M	-233.07M	-229.44M
Financing Cash Flow	204.22M	109.92M	30.08M	161.51M	-44.70M	-80.02M

Copartner Technology Corporation Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:3550 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:5353	63Neutral	TWD 2.03B	14.48	―	3.77%	8.57%	23.03%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:6204	54Neutral	TWD 2.02B	82.83	―	0.57%	2.29%	-22.84%
TW:6156	43Neutral	TWD 2.29B	37.84	―	0.94%	20.51%	-44.52%
TW:3092	40Underperform	TWD 1.92B	-4.39	―	―	-12.73%	15.16%
TW:3550	38Underperform	TWD 1.98B	1860.00	―	―	13.15%	―
TW:3207	34Underperform	TWD 1.96B	-12.71	―	―	17.17%	-859.04%

* General Sector Average

Performance Comparison

TW:3550 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:3550	Copartner Technology Corporation	18.45	4.90	36.16%
TW:3092	Hotron Precision Electronic Industrial Co. Ltd.	18.00	3.40	23.29%
TW:3207	Yao Sheng Electronic Co., Ltd.	29.50	-34.40	-53.83%
TW:5353	Tailyn Technologies, Inc.	26.50	2.67	11.22%
TW:6156	Song Shang Electronics Co., Ltd.	21.25	1.39	7.01%
TW:6204	Taiwan Alpha Electronic Co., Ltd.	87.60	13.22	17.78%

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

Copartner Technology Corporation AI Stock Analysis