Wiwynn Corporation (6669) AI Stock Analysis

Wiwynn Corporation

(TWSE:6669)

Select Model

Rating:49Neutral

Price Target:TWD 1,547.00▼(-7.92% Downside)

Action:initiatedcoverage

Date:11/10/26

The overall score is weighed down by severe technical weakness and poor cash flow generation. The stock is in a strong downtrend with deeply oversold momentum indicators, while the company's operations are consuming cash despite reporting profits. These significant risks overshadow the strong revenue growth and reasonable valuation.

Positive Factors

Strong Revenue and Earnings GrowthThe company has demonstrated substantial multi-year expansion, capped by a large 2025 increase in revenue and net income. Sustained growth at this scale can broaden its customer footprint, support reinvestment in infrastructure solutions, and strengthen earnings capacity over the next several quarters.

Negative Factors

Weak Recent Cash GenerationRecent negative operating and free cash flow contrasts with strong reported profits, raising concerns about earnings quality and the amount of cash tied up in working capital or investment. Continued weakness could increase reliance on financing and limit internally funded growth.

Wiwynn Corporation (6669) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 962.18B
Dividend Yield: 2.89%
Average Volume (3M): 4.56M
Price to Earnings (P/E): 16.6
Beta (1Y): 1.34
Revenue Growth: 65.63%
EPS Growth: 48.36%
Country: TW
Employees: 9
Sector: General
Sector Strength: 55
Industry: Computer Hardware

Wiwynn Corporation Business Overview & Revenue Model

Company Description

Wiwynn Corporation, a technology firm based in New Taipei City, Taiwan, was founded in 2012. The company is actively involved in the full lifecycle of advanced computing and storage hardware, from research and design to development and commercializat...

Wiwynn Corporation Financial Statement Overview

Summary

Financial performance is mixed. Strong revenue growth (+22.9%) and high ROE (41.0%) are offset by contracting margins (gross margin down to 8.2%), a deteriorating cash flow position (negative FCF of TWD -14.3B), and rising leverage (debt-to-equity of 0.83). The cash flow score of 25 is a significant drag.

Income Statement

72Positive

Balance Sheet

55Neutral

Cash Flow

25Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.11T	950.66B	360.54B	241.90B	292.88B	192.63B
Gross Profit	91.31B	78.00B	37.40B	22.66B	23.98B	15.62B
EBITDA	75.43B	66.61B	32.14B	17.46B	19.54B	11.90B
Net Income	58.29B	51.12B	22.78B	12.04B	14.17B	8.65B
Balance Sheet
Total Assets	556.93B	338.19B	190.68B	88.85B	88.84B	84.74B
Cash, Cash Equivalents and Short-Term Investments	85.34B	89.94B	48.33B	37.49B	26.23B	22.67B
Total Debt	165.74B	104.07B	32.14B	12.85B	10.45B	31.37B
Total Liabilities	419.66B	213.54B	102.48B	46.61B	50.05B	57.37B
Stockholders Equity	137.26B	124.65B	88.20B	42.23B	38.79B	27.37B
Cash Flow
Free Cash Flow	-64.62B	-14.28B	-25.10B	18.06B	29.09B	-14.80B
Operating Cash Flow	-45.46B	-601.01M	-19.99B	23.06B	30.68B	-14.21B
Investing Cash Flow	-19.25B	-13.77B	-5.65B	-4.70B	-1.93B	-1.04B
Financing Cash Flow	89.66B	56.19B	36.32B	-7.11B	-26.18B	14.85B

Wiwynn Corporation Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6669 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:7769	77Outperform	TWD 759.19B	46.35	―	1.50%	―	―
TW:2395	70Outperform	TWD 515.34B	30.92	―	1.82%	39.84%	68.82%
TW:2301	60Neutral	TWD 515.76B	24.44	―	2.30%	23.65%	55.86%
TW:3706	60Neutral	TWD 102.99B	13.07	―	4.32%	50.91%	23.24%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:3231	55Neutral	TWD 576.45B	14.16	22.15%	3.15%	104.89%	95.41%
TW:6669	49Neutral	TWD 941.14B	16.64	―	2.89%	65.63%	48.36%

* General Sector Average

Performance Comparison

TW:6669 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6669	Wiwynn Corporation	1680.00	226.84	15.61%
TW:3231	Wistron Corporation	174.50	35.59	25.62%
TW:2301	Lite-On Technology Corp.	239.00	78.88	49.26%
TW:2395	Advantech Co., Ltd.	612.00	323.21	111.92%
TW:3706	MiTAC Holdings Corp.	69.40	-15.62	-18.37%
TW:7769	Hon. Precision, Inc.	4335.00	1984.89	84.46%

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

Wiwynn Corporation AI Stock Analysis