K Way Information Corporation (5201) AI Stock Analysis

K Way Information Corporation

(TPEx:5201)

Select Model

Rating:48.4Neutral

Price Target:TWD 25.00▼(-8.42% Downside)

Action:initiatedcoverage

Date:11/10/26

The score is primarily constrained by sharply weaker profitability and significantly negative free cash flow. A strong, lightly leveraged balance sheet provides support, but below-trend technical momentum and a negative P/E ratio remain additional risks.

Positive Factors

Revenue GrowthThe return to revenue growth shows renewed top-line momentum after a flatter period in 2022–2023. Continued expansion in enterprise IT solutions and services could support operating leverage and provide a base for rebuilding profitability over the next several quarters.

Negative Factors

Profitability CollapseThe shift from strong profitability to a net loss is a material deterioration in earnings quality and makes recent revenue growth less valuable to shareholders. Thin operating profitability also leaves limited room for cost increases or execution setbacks before losses recur.

K Way Information Corporation (5201) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 1.07B
Dividend Yield: 1.83%
Average Volume (3M): 101.03K
Price to Earnings (P/E): -128.7
Beta (1Y): 0.09
Revenue Growth: 4.03%
EPS Growth: -143.12%
Country: TW
Employees: 160
Sector: General
Sector Strength: 55
Industry: Software - Application

K Way Information Corporation Business Overview & Revenue Model

Company Description

K WAY Information Corporation specializes in delivering software solutions tailored for Taiwan's financial and securities industries. Its comprehensive offerings for capital markets encompass a variety of systems, including those for trading, settlem...

K Way Information Corporation Financial Statement Overview

Summary

Revenue grew 12.6% and the balance sheet remains solid with low leverage, but the sharp decline in profitability, 2025 net loss, and negative free cash flow materially weaken the financial outlook.

Income Statement

35Negative

Balance Sheet

80Positive

Cash Flow

20Very Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	277.14M	304.60M	270.43M	227.36M	227.37M	225.21M
Gross Profit	112.00M	144.58M	98.39M	112.49M	94.65M	113.34M
EBITDA	3.11M	22.16M	90.41M	93.63M	36.96M	68.00M
Net Income	-12.03M	-2.65M	68.88M	74.87M	17.24M	47.98M
Balance Sheet
Total Assets	955.32M	954.80M	636.54M	569.88M	455.81M	533.08M
Cash, Cash Equivalents and Short-Term Investments	443.21M	482.80M	474.85M	469.34M	398.39M	442.31M
Total Debt	146.13M	133.41M	73.93M	47.70M	7.39M	18.04M
Total Liabilities	315.43M	264.47M	183.33M	146.79M	93.64M	138.88M
Stockholders Equity	636.87M	686.89M	448.51M	423.09M	362.17M	394.19M
Cash Flow
Free Cash Flow	-295.45M	-263.49M	10.64M	77.19M	23.83M	20.06M
Operating Cash Flow	-7.86M	15.05M	16.67M	81.41M	26.45M	22.96M
Investing Cash Flow	-389.66M	-182.08M	23.05M	-31.57M	37.25M	35.79M
Financing Cash Flow	316.03M	277.45M	-20.91M	-24.25M	-56.60M	-96.19M

K Way Information Corporation Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:5201 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:8034	72Outperform	TWD 986.19M	19.08	―	6.76%	-36.61%	-49.17%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:5201	48Neutral	TWD 1.05B	-128.74	―	1.83%	4.03%	-143.12%
TW:8071	38Underperform	TWD 1.01B	-31.70	―	―	4.97%	62.54%

* General Sector Average

Performance Comparison

TW:5201 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:5201	K Way Information Corporation	27.30	-13.32	-32.79%
TW:6938	Neweb Information Co. Ltd.	80.60	-6.43	-7.38%
TW:7737	KDAN Mobile Software Ltd	23.15	-23.10	-49.95%
TW:8034	Opnet Technologies Co., Ltd.	17.75	-3.33	-15.79%
TW:8071	ABICO NetCom Co., Ltd.	17.60	-0.25	-1.40%
TW:8298	Genie Networks Ltd.	38.10	-3.81	-9.08%

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

K Way Information Corporation AI Stock Analysis