Aver Information Inc. (3669) AI Stock Analysis

Aver Information Inc.

(TWSE:3669)

Select Model

Rating:61Neutral

Price Target:TWD 31.00▲(3.85% Upside)

Action:initiatedcoverage

Date:11/10/26

The score is primarily constrained by weakening profitability and cash generation, despite a strong balance sheet. Attractive valuation provides support, while bearish technical trends remain a notable risk.

Positive Factors

Conservative Balance SheetDebt-to-equity of about 0.14, down from higher earlier levels, indicates limited balance-sheet leverage. This provides resilience in a cyclical hardware market, preserves borrowing capacity, and gives management more flexibility to fund operations or respond to demand swings.

Negative Factors

Material Margin CompressionNet margin compressed from about 19% in 2020 to roughly 4% in 2025, while EBIT and EBITDA margins also declined. This broad profitability deterioration reduces earnings resilience and indicates that revenue has translated into substantially less shareholder value.

Aver Information Inc. (3669) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 2.77B
Dividend Yield: 3.35%
Average Volume (3M): 157.78K
Price to Earnings (P/E): 10.1
Beta (1Y): 0.73
Revenue Growth: 9.13%
EPS Growth: 395.29%
Country: TW
Employees: 361
Sector: General
Sector Strength: 55
Industry: Computer Hardware

Aver Information Inc. Business Overview & Revenue Model

Company Description

AVer Information Inc. engages in the research and development, manufacture, developing, and sale of computer system equipment and presentation and video conferencing system solutions in the United States, Asia, Europe, and internationally. The compan...

Aver Information Inc. Financial Statement Overview

Summary

Strong solvency, substantial equity, and low leverage are offset by declining revenue, sharply lower net income, and significant deterioration in operating and free cash flow.

Income Statement

45Neutral

Balance Sheet

82Very Positive

Cash Flow

50Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.69B	2.53B	2.61B	2.48B	3.01B	3.69B
Gross Profit	1.59B	1.48B	1.56B	1.41B	1.58B	1.94B
EBITDA	388.33M	234.07M	408.80M	420.80M	510.82M	866.96M
Net Income	274.16M	105.24M	189.50M	249.97M	332.76M	652.34M
Balance Sheet
Total Assets	4.87B	4.49B	4.76B	4.30B	4.07B	4.26B
Cash, Cash Equivalents and Short-Term Investments	1.26B	1.31B	1.56B	1.53B	1.23B	1.14B
Total Debt	466.16M	471.77M	481.27M	537.22M	636.20M	656.08M
Total Liabilities	1.37B	1.18B	1.14B	1.08B	1.25B	1.29B
Stockholders Equity	3.51B	3.31B	3.62B	3.22B	2.82B	2.97B
Cash Flow
Free Cash Flow	251.46M	109.62M	318.00M	425.07M	469.66M	316.07M
Operating Cash Flow	311.29M	157.40M	391.98M	521.41M	572.70M	490.25M
Investing Cash Flow	-229.53M	-185.62M	-3.21M	47.83M	-121.56M	-1.17B
Financing Cash Flow	-180.66M	-179.39M	-263.91M	-245.60M	-380.42M	-89.02M

Aver Information Inc. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:3669 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:3669	61Neutral	TWD 2.77B	10.12	―	3.35%	9.13%	395.29%
TW:6161	60Neutral	TWD 2.61B	10.72	―	4.74%	15.41%	74.96%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:3564	43Neutral	TWD 3.11B	76.12	―	0.51%	22.54%	-10.60%
TW:7402	43Neutral	TWD 2.83B	-2216.07	―	0.61%	-9.94%	-114.68%
TW:3047	41Neutral	TWD 2.99B	-14.89	―	2.23%	-32.95%	-101.63%

* General Sector Average

Performance Comparison

TW:3669 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:3669	Aver Information Inc.	29.85	1.52	5.38%
TW:3047	Edimax Technology Co., Ltd.	13.40	-5.80	-30.21%
TW:3564	AEWIN Technologies Co., Ltd.	52.60	4.24	8.77%
TW:6161	Jetway Information Co., Ltd.	46.40	-0.35	-0.75%
TW:7402	Brinno Inc.	81.70	-31.90	-28.08%
TW:7939	GIGAIPC Co Ltd	154.50	-146.00	-48.59%

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

Aver Information Inc. AI Stock Analysis