Asia Tech Image Inc. (4974) AI Stock Analysis

Asia Tech Image Inc.

(TPEx:4974)

Select Model

Rating:68Neutral

Price Target:TWD 67.00▲(7.37% Upside)

Action:initiatedcoverage

Date:11/10/26

Strong balance sheet and attractive valuation are the primary positives, while weak technical momentum limits the overall score.

Positive Factors

Balance Sheet StrengthMinimal leverage gives Asia Tech Image substantial financial flexibility and low solvency risk. A stable equity base reduces dependence on borrowing, helping the company withstand cyclical demand and preserve capacity to fund operations, investment, or shareholder returns.

Negative Factors

Uneven Revenue DemandRepeated revenue declines point to uneven demand across the company’s imaging and vision hardware markets rather than a consistently expanding growth profile. Persistent top-line volatility can limit operating leverage, complicate planning, and delay sustained earnings expansion.

Asia Tech Image Inc. (4974) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 4.52B
Dividend Yield: 6.25%
Average Volume (3M): 119.06K
Price to Earnings (P/E): 12.9
Beta (1Y): 0.63
Revenue Growth: -18.51%
EPS Growth: -25.78%
Country: TW
Employees: 45
Sector: General
Sector Strength: 55
Industry: Hardware, Equipment & Parts

Asia Tech Image Inc. Business Overview & Revenue Model

Company Description

Asia Tech Image Inc., established in 2004 and headquartered in New Taipei City, Taiwan, is a company that produces and markets contact image sensor (CIS) modules. These modules are specifically designed for use in multi-functional business equipment....

Asia Tech Image Inc. Financial Statement Overview

Summary

Excellent balance sheet with negligible debt provides strong stability, offsetting revenue volatility and inconsistent growth.

Income Statement

58Neutral

Balance Sheet

94Very Positive

Cash Flow

75Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.67B	3.71B	4.39B	3.54B	4.29B	4.19B
Gross Profit	516.22M	588.43M	707.98M	577.27M	762.39M	707.96M
EBITDA	493.50M	556.22M	754.29M	609.27M	860.68M	612.46M
Net Income	354.02M	374.37M	528.43M	408.85M	578.73M	425.48M
Balance Sheet
Total Assets	4.80B	4.12B	4.63B	3.88B	4.13B	3.80B
Cash, Cash Equivalents and Short-Term Investments	3.29B	2.88B	3.10B	2.62B	2.55B	2.15B
Total Debt	38.28M	7.56M	24.10M	31.59M	9.69M	23.13M
Total Liabilities	1.52B	831.32M	1.24B	867.07M	1.08B	1.13B
Stockholders Equity	3.28B	3.29B	3.39B	3.01B	3.05B	2.67B
Cash Flow
Free Cash Flow	474.13M	286.54M	649.48M	527.35M	601.59M	174.88M
Operating Cash Flow	466.00M	319.37M	683.58M	549.42M	619.16M	396.77M
Investing Cash Flow	8.71M	-32.83M	-34.10M	-22.09M	-17.57M	-221.89M
Financing Cash Flow	-411.23M	-410.94M	-320.18M	-438.93M	-325.44M	-267.01M

Asia Tech Image Inc. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:4974 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:4974	68Neutral	TWD 4.55B	12.88	―	6.25%	-18.51%	-25.78%
TW:8249	63Neutral	TWD 4.42B	-125.74	―	6.16%	-0.40%	-105.99%
TW:3356	58Neutral	TWD 4.41B	4.77	―	8.95%	-1.81%	529.31%
TW:5474	57Neutral	TWD 4.98B	22.17	―	3.13%	17.43%	-6.13%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:2417	43Neutral	TWD 4.64B	23.77	―	0.76%	9.30%	―

* General Sector Average

Performance Comparison

TW:4974 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:4974	Asia Tech Image Inc.	62.40	-5.64	-8.29%
TW:2417	AVerMedia Technologies, Inc.	32.80	-3.96	-10.76%
TW:3356	GeoVision, Inc.	65.50	15.47	30.93%
TW:5474	Yuan High-Tech Development Co., Ltd.	128.00	-28.68	-18.30%
TW:6695	iCatch Technology, Inc.	49.90	3.75	8.13%
TW:8249	Creative Sensor Inc.	33.75	-17.01	-33.51%

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

Asia Tech Image Inc. AI Stock Analysis