Welldone Company (6170) AI Stock Analysis

Welldone Company

(TPEx:6170)

Select Model

Rating:65Neutral

Price Target:TWD 53.00▲(6.11% Upside)

Action:initiatedcoverage

Date:11/10/26

The overall score of 65 reflects a company with solid operational improvements and an attractive valuation, but significant cash flow concerns. The primary strength is the low P/E ratio and high dividend yield, supported by a much-improved balance sheet and expanding profit margins. The main risk is the poor and volatile cash flow conversion, which saw a severe decline in the latest period, casting doubt on the sustainability of reported profits and dividends. Technical trends are neutral, providing no strong directional signal.

Positive Factors

Improving ProfitabilityMaterial expansion in net, gross, and EBIT margins indicates stronger operating economics through 2025. If maintained, improved cost control or business mix can support higher earnings resilience, strengthen internal funding capacity, and provide a more durable base for shareholder returns.

Negative Factors

Revenue VolatilityThe sharp reversal from strong growth in 2024 to a substantial revenue decline in 2025 points to uneven demand and limited revenue visibility. Persistent volatility can make earnings less predictable, complicate planning, and weaken confidence that recent margin gains will persist.

Welldone Company (6170) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 4.83B
Dividend Yield: 8.15%
Average Volume (3M): 185.61K
Price to Earnings (P/E): 10.1
Beta (1Y): 0.32
Revenue Growth: 1.82%
EPS Growth: 30.33%
Country: TW
Employees: 454
Sector: General
Sector Strength: 55
Industry: Telecommunications Services

Welldone Company Business Overview & Revenue Model

Company Description

Welldone Company, together with its associated subsidiaries, focuses its primary operations in Taiwan, concentrating on telecommunications, mobile game publishing, and digital entertainment. Its telecommunications division handles the distribution of...

Welldone Company Financial Statement Overview

Summary

Financial performance is mixed. The income statement shows strong margin expansion and a healthy balance sheet with reduced leverage, but cash flow conversion is very weak and volatile, with a sharp decline in the latest period. The overall financial health is improving, but cash flow risks weigh on the score.

Income Statement

72Positive

Balance Sheet

78Positive

Cash Flow

45Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.17B	3.19B	2.91B	2.26B	2.47B	2.98B
Gross Profit	1.01B	997.55M	865.39M	700.29M	608.57M	631.61M
EBITDA	514.79M	590.66M	459.53M	370.06M	301.49M	258.14M
Net Income	476.24M	437.76M	330.12M	249.12M	237.88M	162.12M
Balance Sheet
Total Assets	5.32B	4.37B	4.47B	4.12B	3.17B	3.20B
Cash, Cash Equivalents and Short-Term Investments	248.14M	2.45B	2.58B	259.36M	500.57M	1.10B
Total Debt	1.10B	1.36B	1.40B	1.31B	1.41B	1.22B
Total Liabilities	3.35B	2.23B	2.51B	2.17B	1.76B	1.66B
Stockholders Equity	1.96B	2.13B	1.95B	1.89B	1.40B	1.31B
Cash Flow
Free Cash Flow	426.84M	276.11M	405.24M	156.16M	188.32M	1.77M
Operating Cash Flow	432.98M	278.95M	405.46M	156.60M	191.92M	13.50M
Investing Cash Flow	-15.95M	-12.90M	34.73M	-613.22M	-295.08M	-507.37M
Financing Cash Flow	-450.53M	-338.66M	-182.16M	171.69M	284.38M	210.82M

Welldone Company Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6170 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:6170	65Neutral	TWD 4.72B	10.12	―	8.15%	1.82%	30.33%
TW:2468	64Neutral	TWD 4.62B	50.22	―	1.46%	-1.96%	18.20%
TW:2427	62Neutral	TWD 4.28B	86.30	―	3.53%	21.74%	-84.64%
TW:4903	59Neutral	TWD 5.35B	88.77	―	0.59%	25.68%	-3.54%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:3528	45Neutral	TWD 4.86B	7.47	―	2.02%	89.77%	2019.96%

* General Sector Average

Performance Comparison

TW:6170 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6170	Welldone Company	49.95	2.57	5.43%
TW:2427	Mercuries Data Systems Ltd.	19.75	-5.85	-22.85%
TW:2468	Fortune Information System Corp.	67.50	25.34	60.10%
TW:3528	Macnica Anstek Inc.	68.30	1.23	1.83%
TW:4903	United Fiber Optic Communication Inc.	48.00	18.32	61.75%
TW:8045	Twoway Communications Inc.	41.95	-36.69	-46.65%

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

Welldone Company AI Stock Analysis