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Kingwaytek Technology Co Ltd (6516) AI Stock Analysis

TW:6516

Kingwaytek Technology Co Ltd

(TPEx:6516)

Select Model
Rating:67Neutral
Price Target:TWD 55.00â–²(2.61% Upside)
Action:initiatedcoverage
Date:11/10/26

The score is supported primarily by the exceptionally strong balance sheet and solid profitability, but sharply weaker cash flow is a significant financial risk. Bearish technical trends and a relatively high P/E further limit the score, despite the attractive dividend yield and oversold momentum indicators.

Positive Factors
Conservative Balance SheetVery low leverage gives Kingwaytek substantial financial flexibility and reduces refinancing risk across business cycles. A conservative capital structure can support continued investment and dividend capacity while providing greater resilience if operating conditions weaken over the next several quarters.
Negative Factors
Weak Cash ConversionThe sharp 2025 deterioration in operating and free cash flow is a meaningful earnings-quality risk because reported profit converted into substantially less cash. If this pattern persists, it could constrain internally funded investment, dividends, and the company’s ability to respond flexibly to weaker demand.

Kingwaytek Technology Co Ltd (6516) vs. SPDR S&P 500 ETF (SPY)

-15%-10%-5%0%5%10%15%20%TW:6516-7.06%SPY+14.30%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
TWD 3.08B
Dividend Yield
4.37%
Average Volume (3M)
43.21K
Price to Earnings (P/E)
25.3
Beta (1Y)
0.42
Revenue Growth
19.59%
EPS Growth
46.27%
Country
TW
Employees
177
Sector
General
Sector Strength
55
Industry
Hardware, Equipment & Parts

Kingwaytek Technology Co Ltd Business Overview & Revenue Model

Company Description

Founded in Taipei, Taiwan in 1998, Kingwaytek Technology Co., Ltd. specializes in creating electronic maps and developing Geographic Information Systems (GIS). The company's mapping solutions encompass telecommunications maps, advanced 3D representat...

Kingwaytek Technology Co Ltd Financial Statement Overview

Summary

Strong balance sheet and profitability are offset by materially weaker operating and free cash flow. Revenue recovered in 2025, but margins declined and cash conversion deteriorated.

Income Statement

82Very Positive

Balance Sheet

94Very Positive

Cash Flow

45Neutral
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue619.10M546.97M444.19M505.48M481.11M343.62M
Gross Profit308.55M298.46M251.65M242.22M248.52M193.67M
EBITDA147.52M143.41M141.49M117.85M131.67M98.06M
Net Income121.00M85.05M82.16M60.95M78.93M46.04M
Balance Sheet
Total Assets1.20B1.27B1.30B1.27B1.22B1.13B
Cash, Cash Equivalents and Short-Term Investments676.89M747.07M884.94M966.10M891.80M853.34M
Total Debt24.72M29.55M11.22M23.20M33.02M15.05M
Total Liabilities248.88M261.79M205.82M239.39M188.06M129.09M
Stockholders Equity946.18M1.01B1.09B1.03B1.03B996.40M
Cash Flow
Free Cash Flow131.51M13.24M77.24M129.12M82.08M62.53M
Operating Cash Flow143.85M31.41M89.75M145.82M121.66M72.70M
Investing Cash Flow-25.38M177.73M-149.42M-94.06M63.36M-140.60M
Financing Cash Flow-264.15M-174.18M-36.60M-71.11M-49.40M-20.30M

Kingwaytek Technology Co Ltd Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TW:6516 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
TW:6516TW:651667NeutralTWD 2.96B25.25―4.37%19.59%46.27%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
TW:6152TW:615248NeutralTWD 2.94B-107.35――42.75%―
TW:3552TW:355238UnderperformTWD 3.08B-9.48―1.57%-3.76%-661.55%

* General Sector Average

Performance Comparison

0%100%200%TW:6516TW:2252TW:2256TW:3552TW:6152TW:6722Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TW:6516 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TW:6516Kingwaytek Technology Co Ltd53.60-4.46-7.68%
TW:2252CUBTEK Inc.28.809.7050.79%
TW:2256oToBrite Electronic,Inc.72.5045.49168.46%
TW:3552Tung Thih Electronic Co., Ltd.31.85-37.42-54.02%
TW:6152Prime Electronics & Satellitics Inc.18.509.50105.56%
TW:6722Whetron Electronics Co., Ltd.29.95-27.37-47.75%
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