Parade Technologies, Ltd. (4966) AI Stock Analysis

Parade Technologies, Ltd.

(TPEx:4966)

Select Model

Rating:52Neutral

Price Target:TWD 389.00▼(-0.51% Downside)

Action:initiatedcoverage

Date:11/10/26

The overall score of 52 reflects a company with a rock-solid balance sheet that is currently facing severe operational and market headwinds. The primary strength is its pristine financial health, which mitigates bankruptcy risk. However, this is heavily offset by the most significant factors: a clear downtrend in technicals and a sharp deterioration in earnings and cash flow. The stock offers a compelling dividend yield and a low P/E ratio, but these are overshadowed by the negative momentum and declining fundamentals.

Positive Factors

Very Low LeverageExtremely low leverage gives Parade substantial financial flexibility through semiconductor cycles. The company is less exposed to interest burdens and refinancing pressure, preserving capacity to fund engineering, sustain operations, and respond to demand changes over the next several quarters.

Negative Factors

Declining RevenueA year-over-year revenue decline signals weaker recent demand for Parade’s products and reduces confidence in near-term expansion. If softness persists, slower scale benefits could limit operating leverage and make it harder to rebuild earnings toward prior-cycle performance.

Parade Technologies, Ltd. (4966) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 31.02B
Dividend Yield: 4.55%
Average Volume (3M): 665.87K
Price to Earnings (P/E): 13.5
Beta (1Y): 1.35
Revenue Growth: -2.69%
EPS Growth: -20.21%
Country: TW
Employees: 758
Sector: General
Sector Strength: 55
Industry: Semiconductors

Parade Technologies, Ltd. Business Overview & Revenue Model

Company Description

Parade Technologies, Ltd. operates as a semiconductor company focused solely on design and development, without owning manufacturing facilities. The firm specializes in the research, development, marketing, and sales of integrated circuit (IC) chips....

Parade Technologies, Ltd. Financial Statement Overview

Summary

Financial performance is a tale of two profiles. The balance sheet is exceptional (Score: 85), with near-zero debt and strong liquidity, providing a robust safety net. However, the income statement (Score: 42) and cash flow statement (Score: 35) reveal significant operational stress, including contracting revenues, margin compression, and a severe decline in free cash flow. The overall financial health is stable, but earnings power is clearly deteriorating.

Income Statement

42Neutral

Balance Sheet

85Very Positive

Cash Flow

35Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	16.31B	16.53B	16.25B	13.77B	20.06B	19.99B
Gross Profit	6.62B	7.03B	6.90B	6.02B	9.32B	9.53B
EBITDA	2.87B	3.76B	3.52B	2.90B	6.03B	6.52B
Net Income	2.26B	2.73B	2.59B	2.03B	4.90B	5.24B
Balance Sheet
Total Assets	25.89B	25.96B	26.20B	23.37B	22.07B	19.39B
Cash, Cash Equivalents and Short-Term Investments	9.79B	10.90B	10.53B	8.49B	6.98B	9.20B
Total Debt	319.89M	646.60M	323.08M	258.25M	162.81M	234.57M
Total Liabilities	3.13B	3.88B	3.84B	3.77B	4.34B	4.92B
Stockholders Equity	22.76B	22.08B	22.36B	19.60B	17.73B	14.46B
Cash Flow
Free Cash Flow	1.50B	3.28B	3.17B	3.56B	2.36B	6.27B
Operating Cash Flow	1.73B	3.42B	3.32B	3.70B	2.54B	6.58B
Investing Cash Flow	-320.31M	-613.51M	-605.86M	-362.66M	-2.76B	-2.37B
Financing Cash Flow	-1.92B	-2.16B	-1.26B	-1.78B	-3.24B	-3.25B

Parade Technologies, Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:4966 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:3014	76Outperform	TWD 22.90B	12.64	―	6.44%	-1.73%	8.63%
TW:2363	62Neutral	TWD 24.56B	27.32	―	1.29%	78.08%	21.15%
TW:5314	62Neutral	TWD 26.18B	20.44	―	0.21%	234.58%	125.16%
TW:4961	61Neutral	TWD 22.41B	20.30	―	4.30%	5.05%	-9.83%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:2388	54Neutral	TWD 31.47B	32.22	―	0.09%	-2.83%	4352.20%
TW:4966	52Neutral	TWD 32.37B	13.49	―	4.55%	-2.69%	-20.21%

* General Sector Average

Performance Comparison

TW:4966 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:4966	Parade Technologies, Ltd.	391.00	-239.18	-37.95%
TW:2363	Silicon Integrated Systems Corp.	47.05	-2.56	-5.15%
TW:2388	VIA Technologies, Inc.	55.20	4.83	9.59%
TW:3014	ITE Tech, Inc.	132.00	15.81	13.61%
TW:4961	Fitipower Integrated Technology Inc.	179.50	43.67	32.15%
TW:5314	Myson Century, Inc.	22.85	-1.29	-5.33%

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

Parade Technologies, Ltd. AI Stock Analysis