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BaaS Innovation Co., Ltd. (3555) AI Stock Analysis

TW:3555

BaaS Innovation Co., Ltd.

(TPEx:3555)

Select Model
Rating:54Neutral
Price Target:TWD 118.00â–¼(-8.88% Downside)
Action:initiatedcoverage
Date:11/10/26

The score is primarily constrained by sharply negative operating and free cash flow, negative operating profitability, and weak technical momentum. A stronger balance sheet, rapid revenue growth, positive net income, and a low P/E ratio provide meaningful support, but do not fully offset the underlying cash-generation and trend weaknesses.

Positive Factors
Revenue ReboundThe sharp 2025 revenue rebound indicates improving demand and greater operating scale after earlier weakness. If sustained, stronger sales can broaden the company’s earnings base, support fixed-cost absorption, and create a foundation for better profitability over the next several quarters.
Negative Factors
Severe Cash BurnLarge negative operating and free cash flow show that reported growth is not converting into internally generated cash. Continued cash consumption can increase funding needs, constrain investment flexibility, and raise execution risk unless working-capital or investment requirements improve materially.

BaaS Innovation Co., Ltd. (3555) vs. SPDR S&P 500 ETF (SPY)

-50%0%50%100%150%200%250%300%350%TW:3555+102.66%SPY+14.30%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
TWD 5.24B
Dividend Yield
―
Average Volume (3M)
88.91K
Price to Earnings (P/E)
10.0
Beta (1Y)
1.41
Revenue Growth
262.16%
EPS Growth
―
Country
TW
Employees
20
Sector
General
Sector Strength
55
Industry
Semiconductors

BaaS Innovation Co., Ltd. Business Overview & Revenue Model

Company Description

BaaS Innovation Co., Ltd. specializes in developing and deploying a diverse array of blockchain-based solutions and applications. Its portfolio includes Soteria Space, an advanced system designed for secure data management and access control, leverag...

BaaS Innovation Co., Ltd. Financial Statement Overview

Summary

Financial quality is mixed: revenue grew 42.0% and net income turned positive, while the balance sheet strengthened with low debt relative to equity. However, EBIT and EBITDA remained negative, gross margin declined sharply, and operating and free cash flow were deeply negative.

Income Statement

55Neutral

Balance Sheet

78Positive

Cash Flow

25Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue696.69M282.48M65.00M65.41M23.23M18.75M
Gross Profit249.78M29.89M17.87M15.28M7.31M3.88M
EBITDA126.86M-22.66M30.00K-15.11M-106.97M31.15M
Net Income345.94M44.26M-5.22M-18.33M-110.08M24.04M
Balance Sheet
Total Assets984.52M647.38M350.76M352.43M246.24M460.86M
Cash, Cash Equivalents and Short-Term Investments670.19M363.72M181.95M171.89M182.37M393.61M
Total Debt28.09M42.14M43.19M159.66M50.00M140.42M
Total Liabilities146.78M87.06M61.71M180.02M64.30M164.08M
Stockholders Equity827.47M552.92M281.53M163.61M181.95M296.79M
Cash Flow
Free Cash Flow70.30M-117.17M-7.59M10.50M43.45M-27.83M
Operating Cash Flow99.03M-104.34M-7.59M10.50M44.51M-27.45M
Investing Cash Flow-57.83M-25.71M513.00K-119.94M2.45M2.34M
Financing Cash Flow148.95M230.92M6.38M105.47M-95.57M69.46M

BaaS Innovation Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TW:3555 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
TW:6689TW:668965NeutralTWD 5.16B36.24―2.56%-0.73%16.72%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
TW:6902TW:690254NeutralTWD 4.55B27.07――25.77%―
TW:3555TW:355554NeutralTWD 5.04B10.01――262.16%―
TW:6776TW:677647NeutralTWD 4.58B10.91―5.83%25.60%14.34%
TW:6163TW:616346NeutralTWD 5.43B42.55―1.50%24.16%78.64%

* General Sector Average

Performance Comparison

0%100%200%300%TW:3555TW:6163TW:6689TW:6776TW:6902TW:7707Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TW:3555 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TW:3555BaaS Innovation Co., Ltd.129.5062.9094.44%
TW:6163Hwacom Systems Inc38.5010.4137.04%
TW:6689eCloudvalley Digital Technology Co., Ltd.78.0015.2024.20%
TW:6776WebLink International, Inc.51.502.585.27%
TW:6902Gogolook Co., Ltd.133.0061.9087.06%
TW:7707CMSC, Inc.99.8020.6126.03%
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