Nishoku Technology Inc. (3679) AI Stock Analysis

Nishoku Technology Inc.

(TWSE:3679)

Select Model

Rating:55.6Neutral

Price Target:TWD 108.00▲(3.35% Upside)

Action:initiatedcoverage

Date:11/10/26

The overall score is constrained by significant headwinds. The primary negative factors are the weak technical trend and deteriorating financial performance, specifically the declining free cash flow and margins. These are partially offset by a very attractive valuation, characterized by a low P/E ratio and a high dividend yield, and a stable balance sheet. The stock appears fundamentally cheap but lacks positive momentum and faces operational challenges.

Positive Factors

Improving profitabilityThe sustained improvement in gross margin, together with healthy EBIT and EBITDA margins, indicates stronger operating economics than in prior years. This profitability provides capacity to absorb cost pressure, reinvest in the business, and preserve earnings power even while revenue growth remains uneven.

Negative Factors

Revenue contractionThe recent revenue decline points to weakening demand or business activity and limits operating leverage from the company’s otherwise solid margins. If contraction persists, it could reduce the scale benefits supporting profitability and make future earnings growth harder to achieve.

Nishoku Technology Inc. (3679) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 6.68B
Dividend Yield: 8.57%
Average Volume (3M): 39.81K
Price to Earnings (P/E): 9.6
Beta (1Y): 0.28
Revenue Growth: -5.36%
EPS Growth: -3.19%
Country: TW
Employees: 5,200
Sector: General
Sector Strength: 55
Industry: Hardware, Equipment & Parts

Nishoku Technology Inc. Business Overview & Revenue Model

Company Description

Nishoku Technology Inc., established in 1980 and based in New Taipei City, Taiwan, is a specialist in the design and fabrication of both single and double steel plastic injection molds. The company boasts a significant global presence, with operation...

Nishoku Technology Inc. Financial Statement Overview

Summary

Financial performance is mixed. The balance sheet is a relative strength, showing consistent deleveraging and a growing equity base. However, this is offset by deteriorating cash flow generation, with free cash flow declining significantly, and compressing net profit margins in the TTM period, indicating weakening earnings quality.

Income Statement

58Neutral

Balance Sheet

65Positive

Cash Flow

45Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	4.43B	4.47B	4.26B	3.51B	3.93B	4.83B
Gross Profit	1.37B	1.44B	1.32B	915.86M	931.67M	1.37B
EBITDA	1.08B	1.24B	1.52B	965.60M	1.23B	1.09B
Net Income	684.97M	615.30M	869.12M	487.10M	709.64M	606.69M
Balance Sheet
Total Assets	9.59B	9.15B	8.93B	8.53B	8.90B	9.10B
Cash, Cash Equivalents and Short-Term Investments	5.15B	4.92B	3.86B	3.58B	3.91B	4.16B
Total Debt	2.50B	2.41B	2.06B	2.46B	2.58B	3.03B
Total Liabilities	4.52B	4.16B	3.95B	4.08B	4.25B	4.68B
Stockholders Equity	5.07B	4.99B	4.98B	4.45B	4.65B	4.42B
Cash Flow
Free Cash Flow	461.43M	673.47M	740.70M	515.03M	1.04B	1.44B
Operating Cash Flow	860.64M	841.54M	1.09B	721.06M	1.27B	1.65B
Investing Cash Flow	-123.57M	292.93M	-529.80M	-246.05M	-395.04M	-408.91M
Financing Cash Flow	-472.92M	-282.64M	-854.63M	-743.24M	-1.08B	147.45M

Nishoku Technology Inc. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:3679 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:8103	64Neutral	TWD 6.73B	15.64	―	6.63%	14.31%	81.39%
TW:3679	56Neutral	TWD 6.62B	9.64	―	8.57%	-5.36%	-3.19%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:2387	54Neutral	TWD 5.78B	17.77	―	13.40%	-15.69%	-67.38%
TW:3003	54Neutral	TWD 7.46B	19.54	―	2.06%	11.87%	44.15%
TW:8163	41Neutral	TWD 7.03B	28.54	―	2.02%	7.26%	-0.41%
TW:3543	39Underperform	TWD 7.03B	-20.04	―	1.29%	-5.18%	-93.55%

* General Sector Average

Performance Comparison

TW:3679 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:3679	Nishoku Technology Inc.	104.50	-1.66	-1.56%
TW:2387	Sunrex Technology Corporation	29.70	-6.67	-18.33%
TW:3003	K.S. Terminals Inc.	47.30	0.11	0.23%
TW:3543	JOCHU Technology Co. Ltd.	45.85	1.63	3.70%
TW:8103	Cvilux Corporation	84.90	1.07	1.27%
TW:8163	Darfon Electronics Corp	25.15	-7.03	-21.84%

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

Nishoku Technology Inc. AI Stock Analysis