WPG Holding Co Ltd (3702) AI Stock Analysis

WPG Holding Co Ltd

(TWSE:3702)

Select Model

Rating:61Neutral

Price Target:TWD 95.00▲(3.60% Upside)

Action:initiatedcoverage

Date:11/10/26

Improving financial performance and attractive valuation are the main strengths, but elevated leverage, volatile cash flow, and pronounced bearish technical momentum materially reduce the overall score.

Positive Factors

2025 Revenue and Earnings RecoveryThe sharp 2025 revenue rebound and corresponding net-income improvement indicate meaningful recovery in customer demand and operating activity. If the higher business volume persists, it can strengthen earnings capacity and provide a larger base from which WPG can support customers across its component distribution markets.

Negative Factors

Elevated and Rising LeverageThe increase in debt-to-equity signals reduced financial flexibility and greater sensitivity to operating setbacks. Higher leverage can constrain investment and capital allocation if margins weaken or working-capital requirements rise, while also increasing the importance of maintaining stable cash generation.

WPG Holding Co Ltd (3702) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 152.02B
Dividend Yield: 3.97%
Average Volume (3M): 10.59M
Price to Earnings (P/E): 5.7
Beta (1Y): 0.71
Revenue Growth: 57.69%
EPS Growth: 219.94%
Country: TW
Employees: 4,737
Sector: General
Sector Strength: 55
Industry: Technology Distributors

WPG Holding Co Ltd Business Overview & Revenue Model

Company Description

WPG Holdings Limited serves as a prominent distributor and seller of a vast array of electronic and electrical components, along with computer software and other electrical products. Its market reach extends across Taiwan, Mainland China, and interna...

WPG Holding Co Ltd Financial Statement Overview

Summary

Improving revenue, net income, operating cash flow, and free cash flow support the score. Thin margins, elevated leverage, and volatile cash generation constrain financial strength.

Income Statement

72Positive

Balance Sheet

52Neutral

Cash Flow

55Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.27T	999.11B	880.55B	671.89B	775.23B	778.57B
Gross Profit	55.13B	39.54B	31.30B	25.39B	29.59B	29.70B
EBITDA	33.43B	21.04B	17.84B	17.30B	18.47B	17.23B
Net Income	20.19B	10.11B	7.25B	8.11B	10.51B	11.50B
Balance Sheet
Total Assets	617.87B	410.97B	405.99B	314.37B	316.22B	287.74B
Cash, Cash Equivalents and Short-Term Investments	29.26B	23.52B	23.19B	22.35B	16.88B	14.64B
Total Debt	247.88B	152.82B	149.30B	113.72B	122.10B	122.78B
Total Liabilities	518.93B	325.72B	321.62B	229.73B	234.31B	216.51B
Stockholders Equity	96.33B	82.85B	83.22B	83.64B	81.06B	70.40B
Cash Flow
Free Cash Flow	-94.95B	21.90B	-25.59B	15.56B	-6.66B	-21.03B
Operating Cash Flow	-94.71B	22.16B	-25.23B	16.20B	-6.09B	-19.03B
Investing Cash Flow	4.76B	-451.18M	-3.01B	4.03B	-2.63B	-1.14B
Financing Cash Flow	89.87B	-18.34B	23.88B	-15.98B	2.05B	26.48B

WPG Holding Co Ltd Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:3702 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:1229	76Outperform	TWD 69.58B	15.38	―	4.74%	-3.23%	11.13%
TW:3036	62Neutral	TWD 255.18B	7.73	―	4.02%	84.41%	138.07%
TW:3702	61Neutral	TWD 162.00B	5.73	―	3.97%	57.69%	219.94%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:8112	52Neutral	TWD 43.35B	4.03	―	4.56%	148.84%	1132.71%
TW:2492	51Neutral	TWD 139.69B	32.36	―	0.87%	20.39%	136.52%
TW:4919	38Underperform	TWD 46.82B	-30.71	―	0.39%	0.34%	-40.27%

* General Sector Average

Performance Comparison

TW:3702 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:3702	WPG Holding Co Ltd	91.70	27.73	43.36%
TW:1229	Lien Hwa Industrial Holdings Corporation	38.00	-6.46	-14.53%
TW:2492	Walsin Technology Corporation	288.00	164.16	132.55%
TW:3036	WT Microelectronics Co., Ltd.	194.00	51.08	35.74%
TW:4919	Nuvoton Technology Corporation	107.00	53.30	99.26%
TW:8112	Supreme Electronics Co., Ltd.	83.40	11.19	15.50%

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

WPG Holding Co Ltd AI Stock Analysis