Silicon Power Computer & Communications Inc. (4973) AI Stock Analysis

Silicon Power Computer & Communications Inc.

(TPEx:4973)

Select Model

Rating:54Neutral

Price Target:TWD 117.00▼(-2.09% Downside)

Action:initiatedcoverage

Date:11/10/26

The score is constrained primarily by negative operating and free cash flow, weak revenue momentum, increased leverage, and bearish technical trends. The low P/E ratio provides meaningful support, but not enough to offset the financial and momentum risks.

Positive Factors

Positive profitabilityContinued profitability provides an earnings base that can support operations and internal funding even after recent deterioration. Positive margins indicate the business remains economically viable, while recovery in revenue or operating conditions could improve earnings power over the next several quarters.

Negative Factors

Revenue decline and margin compressionTwo consecutive years of revenue contraction reduce confidence in demand momentum and make fixed costs harder to absorb. With margins also below their 2022–2023 peaks, weaker sales are translating into less operating leverage and could keep earnings under pressure over the coming quarters.

Silicon Power Computer & Communications Inc. (4973) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 7.93B
Dividend Yield: 0.84%
Average Volume (3M): 1.07M
Price to Earnings (P/E): 6.8
Beta (1Y): 1.40
Revenue Growth: 54.23%
EPS Growth: ―
Country: TW
Employees: 409
Sector: General
Sector Strength: 55
Industry: Computer Hardware

Silicon Power Computer & Communications Inc. Business Overview & Revenue Model

Company Description

Silicon Power Computer & Communications Inc., founded in 1992 and headquartered in Taipei City, Taiwan, functions as a global producer and distributor of diverse memory and storage solutions. The company's extensive product portfolio includes consume...

Silicon Power Computer & Communications Inc. Financial Statement Overview

Summary

Financial quality is mixed: profitability and equity remain positive, but revenue declined, leverage increased, and operating and free cash flow turned negative. The weak cash-flow profile is the primary risk.

Income Statement

60Neutral

Balance Sheet

62Positive

Cash Flow

35Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	6.65B	4.26B	4.40B	4.49B	4.34B	4.19B
Gross Profit	2.30B	1.01B	881.57M	947.06M	677.31M	487.81M
EBITDA	1.44B	155.49M	175.59M	267.07M	239.06M	57.66M
Net Income	1.16B	134.36M	113.26M	197.60M	183.31M	22.52M
Balance Sheet
Total Assets	6.84B	3.59B	2.95B	3.39B	2.78B	3.26B
Cash, Cash Equivalents and Short-Term Investments	755.98M	273.36M	350.78M	391.53M	463.21M	434.71M
Total Debt	1.83B	931.03M	383.89M	526.44M	406.34M	566.72M
Total Liabilities	3.37B	1.50B	833.93M	1.06B	850.01M	994.29M
Stockholders Equity	3.47B	2.09B	2.12B	2.33B	1.93B	2.26B
Cash Flow
Free Cash Flow	-531.22M	-519.79M	246.37M	-43.01M	320.04M	-322.49M
Operating Cash Flow	-509.52M	-507.20M	260.84M	-15.49M	327.55M	-318.26M
Investing Cash Flow	-25.40M	-18.99M	-24.95M	-27.72M	-57.10M	-5.92M
Financing Cash Flow	1.05B	447.33M	-282.85M	-25.50M	-258.54M	247.57M

Silicon Power Computer & Communications Inc. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:4973 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:2414	59Neutral	TWD 8.50B	10.81	―	6.22%	35.65%	43.54%
TW:2495	59Neutral	TWD 7.86B	14.97	―	2.68%	33.53%	105.60%
TW:3479	59Neutral	TWD 7.72B	14.47	―	4.38%	10.71%	1.91%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:4973	54Neutral	TWD 7.64B	6.78	―	0.84%	54.23%	―
TW:8234	43Neutral	TWD 7.22B	81.22	―	0.77%	4.36%	-21.02%
TW:2349	31Underperform	TWD 6.76B	-101.47	―	―	-0.59%	―

* General Sector Average

Performance Comparison

TW:4973 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:4973	Silicon Power Computer & Communications Inc.	119.50	80.16	203.77%
TW:2349	Ritek Corporation	9.63	0.21	2.23%
TW:2414	Unitech Computer Co., Ltd.	48.00	8.94	22.88%
TW:2495	Infortrend Technology, Inc.	29.80	3.06	11.46%
TW:3479	Avalue Technology Inc.	105.50	0.91	0.87%
TW:8234	Nexcom International Co., Ltd.	51.70	-22.64	-30.46%

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

Silicon Power Computer & Communications Inc. AI Stock Analysis