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AKER Technology Co., Ltd. (6174) AI Stock Analysis

TW:6174

AKER Technology Co., Ltd.

(TPEx:6174)

Select Model
Rating:47Neutral
Price Target:TWD 35.00▼(-11.39% Downside)
Action:initiatedcoverage
Date:11/09/26

AKER Technology scores below average, driven mainly by weak cash generation and thin profitability: free cash flow swung to about NT$-100 million on a heavy capex cycle, debt rose 2.5x, and net margin fell to 5.4% despite 31% revenue growth. A solid, equity-funded balance sheet provides stability and partially offsets these concerns. Technicals add further pressure, with the price below all key moving averages and a negative MACD indicating a sustained downtrend. Valuation offers little support, as a P/E near 30 and a sub-1% dividend yield price in a recovery that earnings have not yet delivered. The investment case depends on the current capex translating into stronger margins and cash conversion.

Positive Factors
2025 profitability recoveryThe return to positive operating profit and a 5.4% net margin shows that the company retains the ability to generate earnings after its 2023–2024 downturn. This recovery supports ongoing operations and provides a foundation for further improvement if demand remains stable.
Negative Factors
Weak cash generationVery weak operating cash conversion means reported earnings are not translating into liquidity, while deeply negative free cash flow increases funding and reinvestment risk. If this pattern persists, the company may have less flexibility to finance growth or absorb operating setbacks internally.

AKER Technology Co., Ltd. (6174) vs. SPDR S&P 500 ETF (SPY)

-50%0%50%100%150%200%TW:6174+72.93%SPY+14.28%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
TWD 1.95B
Dividend Yield
0.86%
Average Volume (3M)
1.34M
Price to Earnings (P/E)
31.9
Beta (1Y)
1.19
Revenue Growth
22.63%
EPS Growth
75.10%
Country
TW
Employees
226
Sector
General
Sector Strength
55
Industry
Hardware, Equipment & Parts

AKER Technology Co., Ltd. Business Overview & Revenue Model

Company Description

Founded in 1990 and headquartered in Taichung City, Taiwan, Aker Technology Co., Ltd is dedicated to the design, production, and worldwide sale of a diverse range of frequency control solutions. The company's product line specifically includes clock...

AKER Technology Co., Ltd. Financial Statement Overview

Summary

Mixed picture. The balance sheet is the clear strength (score 66): equity funds about 67% of assets and debt-to-equity of 0.33 remains conservative, though total debt jumped roughly 2.5x to NT$219 million and return on equity is a modest 5.0%. The income statement (55) shows a 31% revenue rebound to NT$611 million and gross margin improvement to 34.8%, but net income fell to NT$33.1 million and net margin compressed to 5.4%, so growth is not reaching the bottom line. Cash flow is the weakest link (32): operating cash flow of NT$25.1 million covered only about three-quarters of net income, and heavy capex drove free cash flow to roughly NT$-100 million, funded by new borrowings.

Income Statement

55Neutral

Balance Sheet

66Positive

Cash Flow

32Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue677.78M611.01M466.96M465.31M719.56M600.82M
Gross Profit236.60M212.70M153.78M151.58M307.69M217.85M
EBITDA121.00M96.32M90.06M59.14M223.30M149.29M
Net Income63.47M33.08M37.26M14.30M153.03M89.47M
Balance Sheet
Total Assets1.08B975.98M829.69M868.58M911.11M846.35M
Cash, Cash Equivalents and Short-Term Investments74.99M74.01M82.35M101.74M172.00M120.59M
Total Debt247.65M218.74M85.98M99.23M34.67M34.42M
Total Liabilities407.05M319.96M177.22M192.31M173.09M177.07M
Stockholders Equity668.37M656.02M652.47M676.27M738.02M669.28M
Cash Flow
Free Cash Flow-99.67M-100.42M-24.12M1.21M115.17M-50.12M
Operating Cash Flow50.99M25.09M27.69M63.24M166.92M13.27M
Investing Cash Flow-144.37M-133.46M-22.99M-40.65M-59.04M-45.70M
Financing Cash Flow74.96M106.72M-26.53M-78.34M-74.67M5.90M

AKER Technology Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TW:6174 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
TW:8072TW:807254NeutralTWD 1.85B14.69―4.26%27.49%64.44%
TW:8089TW:808954NeutralTWD 1.98B-12.87―3.30%-67.55%-168.26%
TW:6216TW:621650NeutralTWD 1.76B885.71―5.60%-25.98%-97.11%
TW:6174TW:617447NeutralTWD 1.93B31.86―0.86%22.63%75.10%
TW:8047TW:804741NeutralTWD 1.82B-55.87――40.63%-149.65%

* General Sector Average

Performance Comparison

0%50%100%150%TW:6174TW:3097TW:6216TW:8047TW:8072TW:8089Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TW:6174 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TW:6174AKER Technology Co., Ltd.39.5016.4671.43%
TW:3097Partner Tech Corp.23.00-0.53-2.25%
TW:6216DrayTek Corporation18.40-7.29-28.37%
TW:8047Great Computer Corp.51.404.459.49%
TW:8072AV Tech Corporation23.50-7.68-24.64%
TW:8089Comtrend Corp32.902.006.47%
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