Flytech Technology Co. Ltd. (6206) AI Stock Analysis

Flytech Technology Co. Ltd.

(TWSE:6206)

Select Model

Rating:73Outperform

Price Target:TWD 127.00▲(11.40% Upside)

Action:initiatedcoverage

Date:11/10/26

The score is supported primarily by strong financial performance and attractive valuation. These strengths are offset by clearly weak technical momentum, with the stock trading below all provided moving averages and showing a negative MACD.

Positive Factors

High ProfitabilityStrong gross, operating, and net margins indicate that Flytech converts sales into substantial profits and has improved earnings quality versus earlier periods. This profitability can support internal investment, shareholder returns, and resilience across the next several quarters.

Negative Factors

Revenue VolatilityRecent revenue performance has been inconsistent, with a decline following modest growth and earlier fluctuations. Uneven top-line momentum makes demand less predictable, can reduce operating leverage, and may limit the consistency of earnings growth over the next several quarters.

Flytech Technology Co. Ltd. (6206) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 16.52B
Dividend Yield: 4.82%
Average Volume (3M): 1.00M
Price to Earnings (P/E): 12.6
Beta (1Y): 0.85
Revenue Growth: 11.63%
EPS Growth: 24.44%
Country: TW
Employees: 82,305
Sector: General
Sector Strength: 55
Industry: Computer Hardware

Flytech Technology Co. Ltd. Business Overview & Revenue Model

Company Description

Flytech Technology Co., Ltd. designs, manufactures, trades in, and sells computers and peripheral equipment in Taiwan. It offers all-in-one point-of-sales (POS), panel PC, mobile POS, self-service kiosk, and box PC. The company also provides Unified...

Flytech Technology Co. Ltd. Financial Statement Overview

Summary

Strong financial profile led by a very low-debt balance sheet, solid profitability, and healthy cash generation. Revenue and free cash flow declined recently, limiting the score.

Income Statement

78Positive

Balance Sheet

95Very Positive

Cash Flow

82Very Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	5.70B	5.03B	4.61B	3.49B	5.54B	5.19B
Gross Profit	2.54B	2.22B	2.01B	1.35B	1.98B	1.70B
EBITDA	1.71B	1.31B	1.30B	708.94M	1.34B	983.15M
Net Income	1.30B	986.49M	991.84M	501.86M	1.04B	683.06M
Balance Sheet
Total Assets	7.54B	6.18B	6.11B	5.63B	6.11B	6.32B
Cash, Cash Equivalents and Short-Term Investments	2.79B	2.94B	2.92B	2.80B	2.98B	2.04B
Total Debt	37.68M	29.39M	30.19M	34.51M	45.89M	81.03M
Total Liabilities	2.23B	930.38M	979.61M	928.63M	1.11B	1.58B
Stockholders Equity	5.25B	5.18B	5.12B	4.66B	4.93B	4.43B
Cash Flow
Free Cash Flow	398.96M	857.73M	627.13M	566.59M	1.34B	-58.52M
Operating Cash Flow	542.16M	973.50M	689.97M	651.85M	1.40B	7.67M
Investing Cash Flow	190.78M	-445.32M	-88.45M	-167.68M	-25.79M	-5.63M
Financing Cash Flow	-872.73M	-873.90M	-584.86M	-801.01M	-532.64M	-570.77M

Flytech Technology Co. Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6206 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:6206	73Outperform	TWD 16.31B	12.64	―	4.82%	11.63%	24.44%
TW:3147	70Outperform	TWD 15.33B	17.55	―	1.85%	105.20%	68.40%
TW:3022	62Neutral	TWD 12.93B	9.75	―	4.78%	26.50%	43.52%
TW:6166	56Neutral	TWD 19.80B	17.67	―	1.32%	31.89%	141.45%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:2359	53Neutral	TWD 17.00B	14.80	―	1.01%	2.64%	―

* General Sector Average

Performance Comparison

TW:6206 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6206	Flytech Technology Co. Ltd.	114.00	17.61	18.27%
TW:2359	Solomon Technology Corp.	99.20	-25.40	-20.38%
TW:3022	IEI Integration Corporation	73.20	6.51	9.76%
TW:3147	Jetwell Computer Co., Ltd.	351.00	173.31	97.54%
TW:6166	Adlink Technology Inc.	90.90	33.32	57.85%
TW:7805	QNAP Systems, Inc.	383.50	-182.87	-32.29%

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

Flytech Technology Co. Ltd. AI Stock Analysis