Wendell Industrial Co., Ltd. (6761) AI Stock Analysis

Wendell Industrial Co., Ltd.

(TPEx:6761)

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Rating:63.7Neutral

Price Target:TWD 120.00▼(-1.64% Downside)

Action:initiatedcoverage

Date:11/10/26

The score is supported primarily by strong profitability, balance-sheet improvement, and an attractive dividend yield. Negative free cash flow, declining revenue, and pronounced technical weakness materially reduce the overall score.

Positive Factors

Improving ProfitabilityThe substantial expansion in net margin indicates stronger earnings conversion and improved profitability compared with earlier periods. If maintained, this creates greater internal funding capacity, supports resilience through demand fluctuations, and strengthens the company’s underlying earnings power.

Negative Factors

Uneven Revenue GrowthRepeated revenue declines after the 2024 rebound indicate that demand is not consistently expanding. This uneven top-line performance can limit operating leverage, make earnings growth less predictable, and require the company to rely more heavily on margin improvement to sustain results.

Wendell Industrial Co., Ltd. (6761) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 4.19B
Dividend Yield: 4.92%
Average Volume (3M): 282.58K
Price to Earnings (P/E): 16.4
Beta (1Y): 1.32
Revenue Growth: -3.95%
EPS Growth: 2.16%
Country: TW
Employees: 264
Sector: General
Sector Strength: 55
Industry: Technology Distributors

Wendell Industrial Co., Ltd. Business Overview & Revenue Model

Company Description

Wendell Industrial Co., Ltd operates as a global provider of electronic components, with a strong market presence in Taiwan, China, and Korea. The company's extensive product range features crucial electronic devices such as MOSFETs, diodes, and rect...

Wendell Industrial Co., Ltd. Financial Statement Overview

Summary

Profitability and balance-sheet strength are favorable, with improved margins, higher net income, lower debt, and a debt-to-equity ratio of 0.22. These strengths are offset by a 2025 revenue decline and negative free cash flow.

Income Statement

78Positive

Balance Sheet

84Very Positive

Cash Flow

55Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.89B	1.97B	2.02B	1.74B	1.92B	1.89B
Gross Profit	721.55M	719.37M	649.58M	504.00M	582.69M	585.31M
EBITDA	352.41M	366.31M	343.67M	213.60M	326.81M	307.40M
Net Income	259.60M	248.84M	214.38M	101.33M	193.39M	188.61M
Balance Sheet
Total Assets	3.13B	2.66B	2.44B	1.95B	1.93B	1.60B
Cash, Cash Equivalents and Short-Term Investments	504.03M	565.88M	820.74M	557.60M	422.80M	324.96M
Total Debt	941.25M	395.74M	610.25M	665.25M	570.20M	323.07M
Total Liabilities	1.42B	867.74M	1.01B	960.91M	911.46M	663.31M
Stockholders Equity	1.71B	1.79B	1.43B	993.68M	1.02B	933.20M
Cash Flow
Free Cash Flow	-87.17M	-87.21M	62.50M	121.10M	-48.21M	-48.13M
Operating Cash Flow	256.86M	358.32M	256.65M	170.62M	200.43M	-11.88M
Investing Cash Flow	-540.66M	-452.22M	-198.48M	-8.49M	-232.68M	-41.25M
Financing Cash Flow	122.66M	-158.17M	118.08M	-54.24M	139.98M	140.96M

Wendell Industrial Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6761 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:1524	64Neutral	TWD 4.04B	11.14	―	5.71%	-11.49%	-13.91%
TW:6761	64Neutral	TWD 4.21B	16.40	―	4.92%	-3.95%	2.16%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:4569	54Neutral	TWD 4.24B	16.13	―	2.27%	12.32%	150.98%
TW:1584	45Neutral	TWD 3.75B	26.53	―	1.61%	-9.63%	439.46%
TW:2012	42Neutral	TWD 3.90B	-65.93	―	2.15%	-14.50%	-160.42%

* General Sector Average

Performance Comparison

TW:6761 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6761	Wendell Industrial Co., Ltd.	122.00	-4.36	-3.45%
TW:1524	Gordon Auto Body Parts Co., Ltd.	24.50	-4.56	-15.68%
TW:1584	S-Tech Corp	16.00	-5.51	-25.63%
TW:2012	Chun Yu Works & Co., Ltd.	13.95	-1.14	-7.55%
TW:4569	Sixxon Tech Co Ltd	143.00	-4.08	-2.77%
TW:7955	Car Quality Automotive Co., Ltd.	169.50	-30.50	-15.25%

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

Wendell Industrial Co., Ltd. AI Stock Analysis