TSC Auto ID Technology Co., Ltd. (3611) AI Stock Analysis

TSC Auto ID Technology Co., Ltd.

(TPEx:3611)

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Rating:68Neutral

Price Target:TWD 193.00▲(6.63% Upside)

Action:initiatedcoverage

Date:11/10/26

The score is supported primarily by strong financial performance and attractive valuation. These strengths are materially offset by weak technical momentum, with the stock below all provided moving averages and a negative MACD. The low RSI indicates oversold conditions but does not eliminate the broader technical weakness.

Positive Factors

Revenue accelerationThe sharp 2025 revenue acceleration indicates a meaningful increase in demand or operating scale for the company’s identification and printing products. If sustained, this expansion can strengthen market position, support fixed-cost absorption, and create a larger base for future earnings growth.

Negative Factors

Margin compressionLower margins mean the recent revenue expansion has not translated proportionally into net income, suggesting higher costs or pricing pressure. Unless profitability improves, continued growth could produce less incremental earnings and weaken the company’s ability to compound returns from its larger revenue base.

TSC Auto ID Technology Co., Ltd. (3611) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 8.67B
Dividend Yield: 5.52%
Average Volume (3M): 36.09K
Price to Earnings (P/E): 9.1
Beta (1Y): 0.27
Revenue Growth: 6.22%
EPS Growth: 19.69%
Country: TW
Employees: 306
Sector: General
Sector Strength: 55
Industry: Computer Hardware

TSC Auto ID Technology Co., Ltd. Business Overview & Revenue Model

Company Description

TSC Auto ID Technology Co., Ltd., founded in 1991 and headquartered in New Taipei City, Taiwan, specializes in the design, production, and global distribution of barcode printers and their associated peripheral accessories. The company's core focus i...

TSC Auto ID Technology Co., Ltd. Financial Statement Overview

Summary

Strong revenue and net-income growth, improved gross and net margins, adequate capitalization, and positive operating and free cash flow support the score. Risks include lower operating profitability, higher leverage than in 2022–2023, and declining free-cash-flow growth.

Income Statement

78Positive

Balance Sheet

72Positive

Cash Flow

68Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	11.50B	11.53B	8.80B	8.35B	7.97B	6.85B
Gross Profit	3.77B	3.72B	2.74B	2.81B	2.65B	2.28B
EBITDA	1.72B	1.77B	1.37B	1.61B	1.65B	1.36B
Net Income	982.90M	936.56M	669.96M	926.87M	964.91M	784.49M
Balance Sheet
Total Assets	14.08B	12.65B	12.71B	8.96B	8.29B	7.67B
Cash, Cash Equivalents and Short-Term Investments	958.61M	1.54B	1.82B	1.07B	1.14B	1.20B
Total Debt	4.28B	4.52B	5.07B	1.43B	1.68B	1.72B
Total Liabilities	7.70B	7.26B	7.60B	3.50B	3.54B	3.58B
Stockholders Equity	6.37B	5.39B	5.03B	5.46B	4.75B	4.09B
Cash Flow
Free Cash Flow	214.06M	1.15B	869.87M	1.16B	492.59M	782.87M
Operating Cash Flow	557.77M	1.46B	1.13B	1.41B	652.13M	951.82M
Investing Cash Flow	-350.32M	-372.66M	-2.69B	-590.86M	-200.19M	-152.25M
Financing Cash Flow	-948.86M	-1.29B	2.32B	-897.24M	-558.63M	-887.67M

TSC Auto ID Technology Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:3611 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:3611	68Neutral	TWD 8.42B	9.06	―	5.52%	6.22%	19.69%
TW:2305	59Neutral	TWD 9.26B	51.83	―	―	40.37%	―
TW:2414	59Neutral	TWD 8.50B	10.81	―	6.22%	35.65%	43.54%
TW:3479	59Neutral	TWD 7.72B	14.47	―	4.38%	10.71%	1.91%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:2331	51Neutral	TWD 8.70B	26.78	―	1.35%	9.67%	-52.16%

* General Sector Average

Performance Comparison

TW:3611 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:3611	TSC Auto ID Technology Co., Ltd.	181.00	-5.77	-3.09%
TW:2305	Microtek International, Inc.	42.50	31.35	281.17%
TW:2331	Elitegroup Computer Systems Co., Ltd.	15.35	-5.80	-27.42%
TW:2414	Unitech Computer Co., Ltd.	48.00	8.94	22.88%
TW:3479	Avalue Technology Inc.	105.50	0.91	0.87%
TW:7710	ASRock Industrial Computer Corporation	122.00	-170.01	-58.22%

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 10, 2026

TSC Auto ID Technology Co., Ltd. AI Stock Analysis