Securitag Assembly Group Co., Ltd. (6417) AI Stock Analysis

Securitag Assembly Group Co., Ltd.

(TPEx:6417)

Select Model

Rating:62Neutral

Price Target:TWD 101.00▲(3.06% Upside)

Action:initiatedcoverage

Date:11/10/26

The company's financial health is a key strength, driven by a conservative balance sheet and recovering profitability. However, the stock is under significant technical pressure, trading in a clear downtrend with weak momentum. The reasonable valuation and dividend yield provide some support, but the negative price trend is the most significant factor weighing on the overall score.

Positive Factors

Steady Revenue ExpansionSustained revenue expansion indicates growing demand for the company’s identification, traceability, and security-related products. Acceleration in 2025 strengthens the prospect of continued scale benefits, broader customer adoption, and a durable foundation for future earnings growth.

Negative Factors

Volatile Free Cash FlowAlthough free cash flow is currently positive, its historical volatility and negative growth in 2025 make cash generation less predictable than reported earnings. Continued inconsistency could constrain reinvestment, reduce capital-allocation flexibility, and weaken the durability of financial performance.

Securitag Assembly Group Co., Ltd. (6417) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 4.15B
Dividend Yield: 2.45%
Average Volume (3M): 92.81K
Price to Earnings (P/E): 13.5
Beta (1Y): 0.74
Revenue Growth: 18.06%
EPS Growth: 56.72%
Country: TW
Employees: 300
Sector: General
Sector Strength: 55
Industry: Hardware, Equipment & Parts

Securitag Assembly Group Co., Ltd. Business Overview & Revenue Model

Company Description

Securitag Assembly Group Co., Ltd. specializes in the global production and distribution of RFID transponders. Their comprehensive product line features a variety of RFID devices, including labels and inlays, robust hard tags, convenient keyfobs, spe...

Securitag Assembly Group Co., Ltd. Financial Statement Overview

Summary

Solid profitability with improving gross margins (31.4%) and renewed revenue growth (1.56%). The balance sheet is conservative with declining debt-to-equity (0.40). However, free cash flow contracted by 7.2% and cash conversion weakened, tempering the overall financial picture.

Income Statement

72Positive

Balance Sheet

78Positive

Cash Flow

65Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.76B	1.61B	1.49B	1.43B	1.32B	1.09B
Gross Profit	573.09M	504.53M	434.47M	435.08M	416.50M	311.80M
EBITDA	415.64M	354.80M	333.92M	285.19M	306.81M	203.46M
Net Income	276.08M	204.06M	183.93M	169.78M	190.42M	112.71M
Balance Sheet
Total Assets	3.07B	2.86B	2.82B	2.70B	2.34B	1.81B
Cash, Cash Equivalents and Short-Term Investments	887.05M	768.18M	691.07M	554.10M	459.32M	439.16M
Total Debt	647.10M	687.01M	768.09M	765.07M	423.47M	147.16M
Total Liabilities	1.30B	1.14B	1.21B	1.19B	907.02M	502.89M
Stockholders Equity	1.77B	1.72B	1.61B	1.51B	1.43B	1.30B
Cash Flow
Free Cash Flow	350.37M	257.90M	219.78M	-151.69M	-194.99M	-157.24M
Operating Cash Flow	403.17M	304.77M	338.54M	212.75M	192.16M	102.88M
Investing Cash Flow	-75.09M	-128.24M	-137.68M	-318.75M	-363.28M	-316.27M
Financing Cash Flow	-182.27M	-179.35M	-83.77M	250.92M	213.58M	230.87M

Securitag Assembly Group Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6417 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:8249	63Neutral	TWD 4.44B	-125.19	―	6.15%	-0.40%	-105.99%
TW:6417	62Neutral	TWD 4.14B	13.52	―	2.45%	18.06%	56.72%
TW:6265	59Neutral	TWD 4.08B	4.56	―	―	474.42%	―
TW:5258	58Neutral	TWD 4.07B	8.17	―	2.78%	7.96%	23.25%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:6234	40Underperform	TWD 5.43B	51.67	―	0.47%	32.04%	―
TW:2460	39Underperform	TWD 4.62B	-16.05	―	―	29.04%	22.27%

* General Sector Average

Performance Comparison

TW:6417 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6417	Securitag Assembly Group Co., Ltd.	98.00	-5.77	-5.56%
TW:2460	Gem Terminal Industries Co., Ltd.	26.00	10.55	68.28%
TW:5258	Castles Technology Co. Ltd.	36.20	-27.94	-43.56%
TW:6234	Tera Autotech Corporation	53.10	31.75	148.74%
TW:6265	Kuen Chaang Uppertech Corp.	37.45	16.55	79.19%
TW:8249	Creative Sensor Inc.	33.80	-16.58	-32.90%

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

Securitag Assembly Group Co., Ltd. AI Stock Analysis