Viking Tech Corporation AI Stock Analysis
Viking Tech Corporation (3624) AI Stock Analysis
Viking Tech Corporation
(TPEx:3624)
Viking Tech's score is anchored by a near debt-free balance sheet and consistent free cash flow generation, which provide meaningful downside protection through the industry downturn. However, this strength is offset by a multi-year erosion in profitability — margins have roughly halved since 2022 and net income has declined for three consecutive years — leaving returns on a growing equity base sub-par. Technicals are weak, with the price well below its 20-, 50- and 100-day moving averages and a negative MACD, though deeply oversold readings suggest the selling may be extended. A P/E near 32 against falling earnings and a slim 1.1% yield leaves limited valuation support, resulting in a modestly below-average overall score.
Viking Tech Corporation (3624) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 13.38B
- Dividend Yield
- 0.93%
- Average Volume (3M)
- 17.18M
- Price to Earnings (P/E)
- 26.6
- Beta (1Y)
- 1.83
- Revenue Growth
- 29.67%
- EPS Growth
- 175.64%
- Country
- TW
- Employees
- 337
- Sector
- General
- Sector Strength
- 55
- Industry
- Hardware, Equipment & Parts
Viking Tech Corporation Business Overview & Revenue Model
Company Description
Viking Tech Corporation designs, manufactures, and markets electronic components in Taiwan and internationally. The company offers resistors, inductors, capacitors, supercapacitors, and NTC thermistors. Its products are used in medical, automotive, i...
Viking Tech Corporation Financial Statement Overview
Summary
A fortress balance sheet (score 86) with debt-to-equity of just 0.02 and equity funding ~85% of assets provides strong downside protection, while cash flow (score 71) is healthy — operating cash flow of NT$367M covers net income 1.7x and free cash flow improved to NT$205M. The clear weakness is the income statement (score 49): although revenue grew ~3.7% to NT$2.68B, margins have roughly halved since 2022 (gross 34.1%→25.3%, operating 23.4%→9.7%), net income has fallen for three straight years to NT$218M, and ROE has slid from 17.6% to 6.3%.
Income Statement
49NeutralBalance Sheet
86Very PositiveCash Flow
71Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.97B | 2.68B | 2.58B | 2.55B | 3.16B | 3.11B |
| Gross Profit | 808.41M | 676.63M | 667.95M | 707.94M | 1.08B | 1.01B |
| EBITDA | 579.45M | 479.57M | 522.83M | 567.20M | 957.54M | 805.05M |
| Net Income | 376.07M | 218.18M | 242.12M | 261.81M | 585.45M | 474.52M |
Balance Sheet | ||||||
| Total Assets | 4.55B | 4.10B | 3.95B | 3.85B | 4.08B | 3.99B |
| Cash, Cash Equivalents and Short-Term Investments | 1.40B | 1.39B | 1.37B | 1.12B | 1.24B | 907.60M |
| Total Debt | 50.73M | 59.30M | 71.78M | 97.37M | 112.30M | 240.84M |
| Total Liabilities | 949.58M | 606.74M | 543.17M | 559.66M | 742.52M | 983.50M |
| Stockholders Equity | 3.57B | 3.47B | 3.39B | 3.27B | 3.32B | 2.99B |
Cash Flow | ||||||
| Free Cash Flow | 380.34M | 204.61M | 153.32M | 329.19M | 330.08M | 409.22M |
| Operating Cash Flow | 616.66M | 367.22M | 328.29M | 537.13M | 603.74M | 644.10M |
| Investing Cash Flow | -410.90M | -269.59M | -274.20M | -235.06M | -163.16M | -343.10M |
| Financing Cash Flow | -175.33M | -174.26M | -169.59M | -337.24M | -385.46M | -38.53M |
Viking Tech Corporation Peers Comparison
Overall Rating
TW:627964Neutral
TW:247862Neutral
TW:313556Neutral- TW:362456Neutral
TW:210439Underperform
TW:223134Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:6279 | 64Neutral | TWD 11.90B | 8.76 | ― | 5.62% | 12.67% | 15.02% |
| TW:2478 | 62Neutral | TWD 14.55B | 21.19 | ― | 1.94% | 17.88% | 78.74% |
| TW:3135 | 56Neutral | TWD 11.92B | 4.77 | ― | 2.64% | ― | ― |
| TW:3624 | 56Neutral | TWD 12.67B | 26.58 | ― | 0.93% | 29.67% | 175.64% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:2104 | 39Underperform | TWD 9.80B | -2.04 | ― | ― | -13.19% | 45.83% |
| TW:2231 | 34Underperform | TWD 10.66B | -88.27 | ― | 0.63% | -20.55% | -146.86% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:3624 | Viking Tech Corporation | 118.50 | 72.19 | 155.86% | |
| TW:2104 | International CSRC Investment Holdings Co. Ltd. | 10.35 | 0.30 | 2.99% | |
| TW:2231 | CUB Elecparts, Inc. | 79.00 | -22.00 | -21.78% | |
| TW:2478 | Ta-I Technology Co. Ltd. | 103.00 | 36.15 | 54.07% | |
| TW:3135 | Goldkey Technology Corp | 123.50 | 76.76 | 164.24% | |
| TW:6279 | Hu Lane Associate, Inc. | 97.90 | -26.47 | -21.28% |
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