Information Technology Total Services Co., Ltd. (6697) AI Stock Analysis

Information Technology Total Services Co., Ltd.

(TPEx:6697)

Select Model

Rating:78Outperform

Price Target:TWD 63.00▼(-8.03% Downside)

Action:initiatedcoverage

Date:11/09/26

The score is anchored by a very solid financial foundation: the company is effectively debt-free, earns a healthy 13.4% return on equity, and converted FY2025 profits into NT$190.6 million of free cash flow, with net income and margins at multi-year highs. Technicals reinforce this, with the price trading above all major moving averages and a positive MACD signalling a sustained uptrend, aided by a low beta of 0.34. A 4.74% dividend yield is a further positive. These strengths are tempered by a top line that has stagnated for six years, thin single-digit net margins that leave little room for error, lumpy year-to-year cash flow, and a P/E of 18.7 that already reflects much of the recent improvement.

Positive Factors

Conservative Balance SheetMinimal leverage gives the company substantial financial flexibility and reduces refinancing and interest-rate exposure. This supports resilience through weaker periods while preserving capacity to fund operations, invest in growth, or return capital without depending heavily on external borrowing.

Negative Factors

Uneven Revenue GrowthThe sharp change between the 2024 decline and 2025 rebound indicates that demand and project activity can be inconsistent. Such variability makes forward revenue planning less predictable and may complicate staffing, investment decisions, and the durability of near-term growth.

Information Technology Total Services Co., Ltd. (6697) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 2.02B
Dividend Yield: 3.80%
Average Volume (3M): 831.14K
Price to Earnings (P/E): 22.8
Beta (1Y): 0.34
Revenue Growth: 8.27%
EPS Growth: -1.22%
Country: TW
Employees: 350
Sector: General
Sector Strength: 55
Industry: Information Technology Services

Information Technology Total Services Co., Ltd. Business Overview & Revenue Model

Company Description

Information Technology Total Services Co., Ltd, established in Taipei, Taiwan, in 1999, is a comprehensive provider of technology and business solutions. The company extends its services across Greater China, the Asia Pacific region, and globally, fo...

Information Technology Total Services Co., Ltd. Financial Statement Overview

Summary

A conservative, cash-generative profile. The balance sheet is the standout (score 86): effectively debt-free with NT$5.1 million of debt against NT$621.3 million of equity, 60% equity funding of assets, and a healthy 13.4% return on equity. Cash flow is strong (score 78), with FY2025 operating cash flow rebounding to NT$199.3 million and free cash flow of NT$190.6 million, equal to roughly 96% of net income on very low capital intensity. The income statement is the weaker link (score 69): record net income of NT$83.0 million and a six-year-high 15.4% gross margin, but revenue has been broadly flat in the NT$1.23–1.34 billion range for six years, with thin single-digit net margins and a demand-driven 11.7% decline in 2024 highlighting sensitivity to project volumes. Cash flow has also swung widely year to year on working-capital timing.

Income Statement

69Positive

Balance Sheet

86Very Positive

Cash Flow

78Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.37B	1.34B	1.19B	1.34B	1.33B	1.33B
Gross Profit	203.02M	207.31M	171.55M	185.78M	183.35M	192.30M
EBITDA	97.31M	107.75M	93.39M	104.40M	105.03M	108.03M
Net Income	83.72M	82.95M	71.44M	74.16M	55.64M	72.48M
Balance Sheet
Total Assets	933.96M	1.03B	1.01B	1.01B	885.61M	850.05M
Cash, Cash Equivalents and Short-Term Investments	394.48M	472.96M	317.59M	307.88M	172.25M	141.03M
Total Debt	7.94M	5.08M	5.39M	10.21M	15.71M	16.14M
Total Liabilities	331.09M	409.63M	407.23M	428.11M	332.03M	302.36M
Stockholders Equity	602.88M	621.30M	598.65M	583.43M	553.58M	547.69M
Cash Flow
Free Cash Flow	132.30M	190.59M	43.21M	163.45M	61.20M	133.29M
Operating Cash Flow	141.25M	199.29M	53.28M	168.28M	72.22M	156.23M
Investing Cash Flow	19.50M	33.61M	1.31M	17.71M	18.49M	-37.70M
Financing Cash Flow	-74.68M	-62.61M	-64.72M	-50.19M	-61.00M	-63.76M

Information Technology Total Services Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6697 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:8272	84Outperform	TWD 1.85B	21.09	―	5.34%	7.21%	1.97%
TW:6697	78Outperform	TWD 1.70B	22.81	―	3.80%	8.27%	-1.22%
TW:6470	71Outperform	TWD 1.73B	9.80	―	5.49%	-36.59%	-9.82%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:6874	54Neutral	TWD 1.68B	16.74	―	4.33%	29.57%	7.51%
TW:5202	50Neutral	TWD 1.71B	-20.44	―	0.95%	-17.04%	21.24%
TW:2444	43Neutral	TWD 1.46B	-6.19	―	―	-28.59%	-77.80%

* General Sector Average

Performance Comparison

TW:6697 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6697	Information Technology Total Services Co., Ltd.	68.50	21.67	46.27%
TW:2444	AboCom Systems, Inc.	13.50	2.60	23.85%
TW:5202	NewSoft Technology Corporation	21.10	3.69	21.22%
TW:6470	U-MEDIA Communications Inc	45.50	2.30	5.31%
TW:6874	M-Power Information Co., Ltd	69.30	6.02	9.51%
TW:8272	Changing Information Technology, Inc.	97.30	12.56	14.82%

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

Information Technology Total Services Co., Ltd. AI Stock Analysis