Adlink Technology Inc. AI Stock Analysis
Adlink Technology Inc. (6166) AI Stock Analysis
Adlink Technology Inc.
(TWSE:6166)
The score reflects a solid fundamental recovery offset by poor price action. Adlink's revenue rebound, ten-fold earnings improvement, consistent free cash flow and declining leverage are genuine positives, though thin and cyclical margins and a 9.1% return on equity limit the upside. The dominant near-term risk is technical: the stock trades below all key moving averages with a deeply negative MACD, signalling a persistent downtrend, even though oversold RSI and Stochastic readings point to a stretched decline. A moderate P/E of 17.5 and a small dividend yield provide some valuation cushion, leaving the shares in neutral territory overall.
Adlink Technology Inc. (6166) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 20.21B
- Dividend Yield
- 1.28%
- Average Volume (3M)
- 1.64M
- Price to Earnings (P/E)
- 16.5
- Beta (1Y)
- 1.35
- Revenue Growth
- 31.89%
- EPS Growth
- 141.45%
- Country
- TW
- Employees
- 342
- Sector
- General
- Sector Strength
- 55
- Industry
- Computer Hardware
Adlink Technology Inc. Business Overview & Revenue Model
Company Description
ADLINK Technology, Inc. is a global provider of industrial computing solutions, developing and marketing a comprehensive array of hardware, software, and peripheral devices. Its operations extend across the Asia Pacific region, Mainland China, the Am...
Adlink Technology Inc. Financial Statement Overview
Summary
Adlink delivered a clear cyclical recovery, with revenue rebounding to roughly NT$11.8 billion and net income rising about ten-fold to NT$512 million, lifting the net margin to 4.3% and operating margin to 5.5%. Cash generation is the strongest pillar: operating cash flow of NT$747 million and free cash flow of NT$667 million covered close to 90% of net income on light capital spending. The balance sheet is adequately capitalized, with equity funding 44% of assets and debt down to 0.77 times equity from a 1.25 times peak. Offsetting these strengths, gross margin compressed to 35.8%, profitability remains well below the 2022 peak, return on equity of 9.1% is only modest, operating cash flow fell year-on-year on working capital build, and leverage is still materially above pre-2021 levels in a demonstrably cyclical business.
Income Statement
62PositiveBalance Sheet
60NeutralCash Flow
65Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.10B | 11.80B | 10.08B | 11.41B | 11.72B | 9.67B |
| Gross Profit | 5.01B | 4.22B | 3.80B | 4.18B | 4.25B | 3.56B |
| EBITDA | 1.74B | 965.81M | 455.00M | 905.89M | 1.36B | 552.55M |
| Net Income | 1.14B | 511.51M | 50.90M | 328.80M | 805.86M | 118.88M |
Balance Sheet | ||||||
| Total Assets | 16.59B | 12.84B | 12.65B | 13.07B | 13.60B | 13.18B |
| Cash, Cash Equivalents and Short-Term Investments | 2.38B | 2.49B | 2.10B | 1.88B | 2.02B | 1.30B |
| Total Debt | 4.08B | 4.30B | 4.27B | 4.85B | 4.76B | 5.54B |
| Total Liabilities | 10.42B | 7.22B | 7.24B | 7.61B | 7.92B | 8.76B |
| Stockholders Equity | 6.17B | 5.60B | 5.38B | 5.39B | 5.58B | 4.42B |
Cash Flow | ||||||
| Free Cash Flow | 987.74M | 666.65M | 1.02B | 275.05M | 706.33M | -4.61B |
| Operating Cash Flow | 1.12B | 747.44M | 1.17B | 571.17M | 931.63M | -1.17B |
| Investing Cash Flow | -171.15M | -127.76M | -133.60M | -235.36M | 196.66M | -3.34B |
| Financing Cash Flow | -471.18M | -214.93M | -880.72M | -506.56M | -544.70M | 3.85B |
Adlink Technology Inc. Peers Comparison
Overall Rating
TW:620673Outperform
TW:369358.5Neutral
TW:657956Neutral- TW:616656Neutral
TW:235953Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:6206 | 73Outperform | TWD 16.31B | 12.80 | ― | 4.72% | 11.63% | 24.44% |
| TW:3693 | 59Neutral | TWD 26.65B | 45.88 | ― | 1.17% | -20.76% | -34.98% |
| TW:6579 | 56Neutral | TWD 22.88B | 12.07 | ― | 2.76% | 27.97% | 109.74% |
| TW:6166 | 56Neutral | TWD 19.80B | 16.47 | ― | 1.28% | 31.89% | 141.45% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:2359 | 53Neutral | TWD 17.00B | 15.07 | ― | 0.99% | 5.84% | 557.35% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:6166 | Adlink Technology Inc. | 93.40 | 35.82 | 62.20% | |
| TW:2359 | Solomon Technology Corp. | 101.00 | -23.60 | -18.94% | |
| TW:3693 | AIC, Inc. | 682.00 | 347.38 | 103.82% | |
| TW:6206 | Flytech Technology Co. Ltd. | 116.50 | 20.11 | 20.86% | |
| TW:6579 | AAEON Technology Inc. | 136.00 | 20.19 | 17.44% | |
| TW:7805 | QNAP Systems, Inc. | 388.50 | -177.87 | -31.41% |
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