FIC Global, Inc. (3701) AI Stock Analysis

FIC Global, Inc.

(TWSE:3701)

Select Model

Rating:49Neutral

Price Target:TWD 47.00▼(-25.63% Downside)

Action:initiatedcoverage

Date:11/10/26

The score is primarily constrained by materially weakened profitability, a return to net losses, and volatile free cash flow. Manageable leverage and positive operating cash flow provide meaningful support, while mixed technical signals and weak valuation fundamentals limit the upside.

Positive Factors

Conservative balance sheetLow leverage and a sizable equity base provide financial flexibility during the weaker earnings period. This reduces balance-sheet strain and preserves capacity to absorb operating volatility or support future business needs without relying heavily on additional borrowing.

Negative Factors

Sustained revenue contractionFurther revenue deterioration across 2024 and 2025 signals weakening demand or volume in the company’s automotive components business. Prolonged top-line contraction can reduce operating leverage, limit reinvestment capacity, and make a return to prior earnings levels more difficult.

FIC Global, Inc. (3701) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 16.45B
Dividend Yield: 0.35%
Average Volume (3M): 3.81M
Price to Earnings (P/E): -24.8
Beta (1Y): 1.07
Revenue Growth: -16.41%
EPS Growth: -435.36%
Country: TW
Employees: 11
Sector: General
Sector Strength: 55
Industry: Computer Hardware

FIC Global, Inc. Business Overview & Revenue Model

Company Description

FIC Global Inc is a Taiwan-based investment management company primarily engaged in general investment activities. Through its subsidiaries, the Company is primarily involved in automotive electronics design, electronics manufacturing, rugged industr...

FIC Global, Inc. Financial Statement Overview

Summary

Weak profitability and declining revenue weigh heavily on the score. The balance sheet remains a relative strength because leverage is manageable and equity is stable, while positive but volatile cash flow provides partial support.

Income Statement

35Negative

Balance Sheet

75Positive

Cash Flow

48Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Mar 2023	Dec 2021
Income Statement
Total Revenue	8.51B	9.83B	13.10B	13.28B	12.45B	10.04B
Gross Profit	1.22B	1.72B	1.80B	2.06B	1.67B	1.21B
EBITDA	-94.48M	612.66M	888.48M	1.33B	1.35B	857.44M
Net Income	-616.62M	-88.87M	26.33M	332.14M	723.05M	407.92M
Balance Sheet
Total Assets	14.83B	13.33B	14.25B	11.83B	10.17B	9.26B
Cash, Cash Equivalents and Short-Term Investments	3.20B	3.69B	3.45B	2.98B	1.46B	1.27B
Total Debt	3.28B	1.04B	1.58B	1.18B	931.78M	815.45M
Total Liabilities	8.17B	6.82B	7.70B	4.58B	4.82B	4.73B
Stockholders Equity	4.72B	4.78B	4.78B	4.25B	3.23B	2.75B
Cash Flow
Free Cash Flow	97.03M	366.47M	-5.47M	1.18B	232.78M	-441.20M
Operating Cash Flow	955.64M	1.01B	496.67M	1.51B	458.88M	-241.81M
Investing Cash Flow	-876.03M	-111.75M	-1.38B	-516.67M	-267.33M	32.30M
Financing Cash Flow	-581.35M	-193.04M	401.00M	501.37M	54.34M	324.61M

FIC Global, Inc. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:3701 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:8114	72Outperform	TWD 11.74B	11.65	―	7.42%	-17.73%	-35.11%
TW:3416	69Neutral	TWD 12.38B	16.32	―	3.16%	31.00%	32.07%
TW:3088	67Neutral	TWD 12.32B	12.87	―	2.63%	35.40%	73.91%
TW:6245	64Neutral	TWD 12.61B	17.60	―	4.29%	11.74%	8.17%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:8050	51Neutral	TWD 9.99B	12.97	―	4.15%	17.15%	104.20%
TW:3701	49Neutral	TWD 13.61B	-24.81	―	0.35%	-16.41%	-435.36%

* General Sector Average

Performance Comparison

TW:3701 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:3701	FIC Global, Inc.	63.20	30.80	95.06%
TW:3088	Axiomtek Co Ltd	111.50	37.40	50.48%
TW:3416	Winmate Inc.	146.50	10.75	7.92%
TW:6245	Lanner Electronics Inc.	88.50	20.51	30.17%
TW:8050	iBASE Technology Inc.	51.80	6.84	15.21%
TW:8114	Posiflex Technology Inc.	154.50	-23.63	-13.27%

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

FIC Global, Inc. AI Stock Analysis