91APP, Inc. (6741) AI Stock Analysis

91APP, Inc.

(TPEx:6741)

Select Model

Rating:77Outperform

Price Target:TWD 50.00▲(20.92% Upside)

Action:initiatedcoverage

Date:11/10/26

The overall score of 77 reflects a strong fundamental company facing significant near-term market headwinds. The company's fortress-like balance sheet, high profitability, and excellent cash flow are the primary strengths. An attractive valuation with a low P/E and high dividend yield further supports the score. However, these positives are weighed down by a very weak technical picture, with the stock in a clear downtrend and deeply oversold, indicating strong negative momentum that presents a major risk in the short term.

Positive Factors

Omnichannel SaaS platform91APP’s integrated SaaS platform addresses multiple commerce and customer-engagement functions in one system. This broad functionality can deepen merchant relationships, support recurring software revenue, and make the platform more strategically important as brands coordinate online and physical retail channels.

Negative Factors

Volatile cash conversionAlthough free cash flow is generally strong, uneven operating cash conversion means reported earnings do not translate into predictable cash generation every year. This volatility can complicate reinvestment and capital allocation, particularly if working-capital movements remain difficult to forecast.

91APP, Inc. (6741) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 5.02B
Dividend Yield: 4.85%
Average Volume (3M): 269.53K
Price to Earnings (P/E): 9.1
Beta (1Y): 0.45
Revenue Growth: 22.07%
EPS Growth: 13.90%
Country: TW
Employees: 179
Sector: General
Sector Strength: 55
Industry: Software - Infrastructure

91APP, Inc. Business Overview & Revenue Model

Company Description

91APP, Inc., founded in 2013 and based in Taipei City, Taiwan, operates as a Software-as-a-Service (SaaS) company. It specializes in providing cloud-based software solutions engineered to merge offline and online retail experiences for businesses in...

91APP, Inc. Financial Statement Overview

Summary

Combining an 85 Income Statement, 92 Balance Sheet, and 88 Cash Flow score, the company exhibits exceptional financial health. Profitability is high and stable, the balance sheet is virtually debt-free, and cash conversion is robust. The primary offset is decelerating revenue growth, but overall financial quality remains a major strength.

Income Statement

85Very Positive

Balance Sheet

92Very Positive

Cash Flow

88Very Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.07B	1.81B	1.62B	1.39B	1.26B	1.10B
Gross Profit	1.52B	1.34B	1.20B	1.04B	948.33M	830.45M
EBITDA	711.30M	690.40M	655.21M	557.37M	463.79M	397.18M
Net Income	542.52M	509.23M	497.81M	398.24M	337.88M	298.41M
Balance Sheet
Total Assets	5.11B	5.10B	5.03B	4.24B	3.94B	4.19B
Cash, Cash Equivalents and Short-Term Investments	1.81B	1.67B	3.70B	2.51B	3.24B	3.55B
Total Debt	48.46M	52.94M	45.48M	25.86M	39.54M	23.99M
Total Liabilities	2.11B	1.91B	1.77B	1.43B	1.43B	1.78B
Stockholders Equity	2.99B	3.18B	3.25B	2.81B	2.50B	2.41B
Cash Flow
Free Cash Flow	732.64M	556.67M	468.23M	500.31M	558.56M	-288.77M
Operating Cash Flow	744.06M	570.04M	478.67M	505.76M	581.03M	-268.69M
Investing Cash Flow	-1.15B	-50.24M	-259.74M	-1.36B	1.53B	-1.09B
Financing Cash Flow	-452.74M	-549.63M	-136.54M	-105.55M	-414.88M	1.26B

91APP, Inc. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6741 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:6741	77Outperform	TWD 4.91B	9.06	―	4.85%	22.07%	13.90%
TW:2453	72Outperform	TWD 5.62B	18.32	―	4.84%	5.94%	4.48%
TW:6689	65Neutral	TWD 5.16B	36.24	―	2.56%	-0.73%	16.72%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:8076	49Neutral	TWD 5.00B	129.28	―	3.90%	31.21%	―
TW:6776	47Neutral	TWD 4.58B	10.91	―	5.83%	25.60%	14.34%
TW:6163	46Neutral	TWD 5.43B	42.55	―	1.50%	24.16%	78.64%

* General Sector Average

Performance Comparison

TW:6741 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6741	91APP, Inc.	41.35	-35.25	-46.02%
TW:2453	Syscom Computer Engineering Co., Ltd.	58.80	7.47	14.55%
TW:6163	Hwacom Systems Inc	37.90	9.81	34.90%
TW:6689	eCloudvalley Digital Technology Co., Ltd.	74.60	11.80	18.79%
TW:6776	WebLink International, Inc.	51.50	2.58	5.27%
TW:8076	Firich Enterprises Co. Ltd.	18.15	-4.93	-21.37%

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

91APP, Inc. AI Stock Analysis