Taimide Tech, Inc. (3645) AI Stock Analysis

Taimide Tech, Inc.

(TWSE:3645)

Select Model

Rating:61Neutral

Price Target:TWD 59.00▲(3.87% Upside)

Action:initiatedcoverage

Date:11/10/26

The score is supported most by the healthy balance sheet and improving cash generation. Weak profitability trends and pronounced technical weakness weigh materially on the result, while valuation provides only moderate support.

Positive Factors

Strong Cash GenerationConsistently positive operating cash flow gives Taimide an internal funding base for operations and investment. The strong free-cash-flow rebound in 2024–2025 further supports resilience, reduces reliance on external financing, and provides flexibility through the next several quarters.

Negative Factors

Revenue VolatilityThe sharp change from strong revenue growth in 2024 to contraction in 2025 makes demand trends difficult to forecast. Uneven top-line performance can limit operating leverage, complicate capacity and investment planning, and reduce confidence in the durability of the earnings recovery.

Taimide Tech, Inc. (3645) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 7.69B
Dividend Yield: 2.11%
Average Volume (3M): 2.18M
Price to Earnings (P/E): 26.5
Beta (1Y): 1.19
Revenue Growth: -4.08%
EPS Growth: 94.00%
Country: TW
Employees: 272
Sector: General
Sector Strength: 55
Industry: Chemicals - Specialty

Taimide Tech, Inc. Business Overview & Revenue Model

Company Description

Taimide Tech. Inc. specializes in the manufacturing and global distribution of polyimide films (PI), serving markets in both Taiwan and mainland China. The company offers a comprehensive portfolio of PI films, which are utilized in a broad spectrum o...

Taimide Tech, Inc. Financial Statement Overview

Summary

Healthy balance sheet and stronger cash generation support the score, but profitability, margins, return on equity, and revenue trends remain uneven.

Income Statement

65Positive

Balance Sheet

78Positive

Cash Flow

76Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.42B	2.37B	2.25B	1.59B	1.89B	2.39B
Gross Profit	748.31M	637.55M	623.95M	241.36M	480.97M	764.76M
EBITDA	789.31M	632.68M	643.09M	270.44M	512.97M	777.17M
Net Income	354.04M	209.49M	236.35M	-139.27M	148.76M	303.31M
Balance Sheet
Total Assets	5.25B	4.95B	4.96B	4.84B	5.21B	5.35B
Cash, Cash Equivalents and Short-Term Investments	626.72M	587.15M	439.36M	382.26M	454.32M	473.02M
Total Debt	1.21B	1.26B	1.58B	1.75B	1.89B	1.89B
Total Liabilities	1.90B	1.64B	1.96B	2.02B	2.18B	2.45B
Stockholders Equity	3.34B	3.30B	3.00B	2.81B	3.01B	2.90B
Cash Flow
Free Cash Flow	382.90M	371.12M	265.31M	143.86M	-10.89M	207.84M
Operating Cash Flow	864.66M	705.34M	435.85M	326.39M	354.09M	566.23M
Investing Cash Flow	-483.40M	-309.85M	-160.96M	-198.19M	-356.48M	-348.98M
Financing Cash Flow	-521.26M	-247.84M	-218.38M	-216.84M	-20.30M	-159.22M

Taimide Tech, Inc. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:3645 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:3152	66Neutral	TWD 7.57B	19.49	―	7.67%	1.88%	-26.76%
TW:3645	61Neutral	TWD 7.63B	26.45	―	2.11%	-4.08%	94.00%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:8942	52Neutral	TWD 7.77B	7.30	―	2.56%	-40.13%	47.76%
TW:3708	49Neutral	TWD 8.37B	2.73	―	6.94%	-79.42%	2756.52%
TW:8215	32Underperform	TWD 8.10B	-11.01	―	1.21%	1.47%	-10391.82%

* General Sector Average

Performance Comparison

TW:3645 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:3645	Taimide Tech, Inc.	56.80	1.55	2.80%
TW:3152	Advanced Ceramic X Corporation	193.00	4.13	2.19%
TW:3708	Swancor Holding Co., Ltd.	93.60	-19.62	-17.33%
TW:6947	Techzone Technology Materials Co. Ltd.	62.80	-13.80	-18.02%
TW:8215	BenQ Materials Corp.	24.85	5.20	26.43%
TW:8942	Xxentria Technology Materials Co.,Ltd	39.00	3.10	8.63%

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

Taimide Tech, Inc. AI Stock Analysis