ATrack Technology Inc AI Stock Analysis
ATrack Technology Inc (6465) AI Stock Analysis
ATrack Technology Inc
(TPEx:6465)
ATrack Technology scores moderately. The strongest support comes from a much-improved financial profile: a near debt-free balance sheet with equity funding ~87% of assets, the first profitable year in at least six, sharply higher revenue and positive free cash flow. A low P/E of 7.7 adds valuation appeal. However, the share price is in a pronounced downtrend, trading far below all major moving averages with negative MACD and deeply oversold momentum readings, which weighs heavily on the score. A limited dividend yield of 0.61% and the unproven durability of the recent margin expansion — following five consecutive loss-making years and volatile cash generation — keep the overall rating in the middle of the range.
ATrack Technology Inc (6465) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 2.28B
- Dividend Yield
- 0.49%
- Average Volume (3M)
- 301.29K
- Price to Earnings (P/E)
- 8.7
- Beta (1Y)
- 0.70
- Revenue Growth
- 135.76%
- EPS Growth
- ―
- Country
- TW
- Employees
- 62
- Sector
- General
- Sector Strength
- 55
- Industry
- Communication Equipment
ATrack Technology Inc Business Overview & Revenue Model
Company Description
ATrack Technology Inc., established in 2010 and based in Taipei, Taiwan, is a provider of advanced telematics solutions, serving clients both within Taiwan and globally. The company's portfolio includes a range of telematics and asset tracking hardwa...
ATrack Technology Inc Financial Statement Overview
Summary
Financials show a credible early-stage turnaround. Revenue rose ~57% to NT$263 million, gross margin expanded from ~24% to ~60%, and the company posted its first profit in at least six years (net income NT$40 million, ~15% net margin). The balance sheet is the standout: equity funds ~87% of assets, debt is only NT$35 million, and debt-to-equity fell to ~0.07 from 1.33 in 2023. Operating cash flow swung to NT$49 million with positive free cash flow of NT$28 million, and cash flow exceeding net income signals earnings quality. Offsetting this are five prior loss-making years, volatile revenue, erratic cash generation, and a margin jump large enough that its durability remains unproven.
Income Statement
71PositiveBalance Sheet
82Very PositiveCash Flow
70Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 331.38M | 263.25M | 160.91M | 241.60M | 190.76M | 208.91M |
| Gross Profit | 258.09M | 158.65M | 38.60M | 71.54M | 47.72M | 72.77M |
| EBITDA | 130.54M | 49.33M | -56.97M | -37.27M | -76.79M | -25.77M |
| Net Income | 160.80M | 40.43M | -65.66M | -52.89M | -90.86M | -47.94M |
Balance Sheet | ||||||
| Total Assets | 661.20M | 567.38M | 494.31M | 505.28M | 546.45M | 659.48M |
| Cash, Cash Equivalents and Short-Term Investments | 227.68M | 190.74M | 156.82M | 96.39M | 110.53M | 274.74M |
| Total Debt | 33.51M | 35.22M | 297.00K | 260.30M | 258.69M | 247.65M |
| Total Liabilities | 81.72M | 76.17M | 42.96M | 309.84M | 297.25M | 319.69M |
| Stockholders Equity | 579.48M | 491.21M | 451.34M | 195.44M | 249.20M | 339.79M |
Cash Flow | ||||||
| Free Cash Flow | 76.05M | 28.03M | -16.02M | 7.63M | -155.30M | -71.74M |
| Operating Cash Flow | 80.36M | 48.98M | -8.66M | 12.45M | -147.48M | -63.61M |
| Investing Cash Flow | -22.43M | -74.08M | -29.15M | 6.79M | -6.65M | -38.31M |
| Financing Cash Flow | -3.21M | -1.78M | 64.58M | -3.92M | 3.01M | 120.37M |
ATrack Technology Inc Peers Comparison
Overall Rating
TW:647071Outperform- TW:646563Neutral
TW:807254Neutral
TW:808954Neutral
TW:621650Neutral
TW:548433Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:6470 | 71Outperform | TWD 1.73B | 9.80 | ― | 5.49% | -36.59% | -9.82% |
| TW:6465 | 63Neutral | TWD 2.20B | 8.71 | ― | 0.49% | 135.76% | ― |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:8072 | 54Neutral | TWD 1.85B | 14.69 | ― | 4.26% | 27.49% | 64.44% |
| TW:8089 | 54Neutral | TWD 1.98B | -12.87 | ― | 3.30% | -67.55% | -168.26% |
| TW:6216 | 50Neutral | TWD 1.76B | 885.71 | ― | 5.60% | -25.98% | -97.11% |
| TW:5484 | 33Underperform | TWD 2.03B | 23.32 | ― | ― | 77.09% | ― |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:6465 | ATrack Technology Inc | 38.70 | 22.29 | 135.83% | |
| TW:5484 | EverFocus Electronics Co. Ltd. | 30.80 | -6.40 | -17.20% | |
| TW:6216 | DrayTek Corporation | 18.40 | -7.29 | -28.37% | |
| TW:6470 | U-MEDIA Communications Inc | 45.50 | 2.30 | 5.31% | |
| TW:8072 | AV Tech Corporation | 23.50 | -7.68 | -24.64% | |
| TW:8089 | Comtrend Corp | 32.90 | 2.00 | 6.47% |
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