M3 Technology Inc (6799) AI Stock Analysis

M3 Technology Inc

(TWSE:6799)

Select Model

Rating:60Neutral

Price Target:TWD 69.00▲(0.58% Upside)

Action:initiatedcoverage

Date:11/10/26

The overall score of 60 reflects a company with a very strong, debt-free balance sheet and an attractive valuation, offset by significant operational headwinds and extremely weak technical momentum. The primary risk is the persistent downward price trend and declining profitability, while the primary support comes from financial stability and a high dividend yield.

Positive Factors

Strong ProfitabilityHigh gross and net margins indicate that M3 Technology retains meaningful economic value from its semiconductor activities. This profitability provides internal funding for operations and investment, while creating a useful buffer if industry conditions soften over the next several quarters.

Negative Factors

Uneven Revenue TrendThe mixed multi-year revenue record indicates that growth has not yet become consistently durable. Recent improvement is encouraging, but prior declines raise uncertainty about demand stability and make future earnings expansion more dependent on sustaining the latest recovery.

M3 Technology Inc (6799) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 3.02B
Dividend Yield: 3.55%
Average Volume (3M): 206.06K
Price to Earnings (P/E): 14.4
Beta (1Y): 1.36
Revenue Growth: 5.45%
EPS Growth: 64.05%
Country: TW
Employees: 50
Sector: General
Sector Strength: 55
Industry: Semiconductors

M3 Technology Inc Business Overview & Revenue Model

Company Description

M3 Technology Inc., established in 2010 and headquartered in Taipei, Taiwan, operates as a comprehensive semiconductor company. It specializes in the testing, design, production, and global distribution of analog and mixed-signal integrated circuits...

M3 Technology Inc Financial Statement Overview

Summary

Financial performance is mixed. The balance sheet is a fortress with virtually no debt (D/E 0.0027), providing excellent stability. However, the income statement shows declining margins and volatile revenue, while cash flow conversion is weakening. The strong balance sheet offsets operational headwinds, resulting in a slightly above-average score.

Income Statement

58Neutral

Balance Sheet

85Very Positive

Cash Flow

62Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.00B	966.66M	907.18M	1.02B	1.18B	1.05B
Gross Profit	463.77M	465.88M	427.06M	471.19M	568.57M	529.13M
EBITDA	249.64M	250.47M	239.93M	305.35M	390.42M	372.02M
Net Income	212.12M	157.24M	121.56M	218.48M	296.02M	275.95M
Balance Sheet
Total Assets	1.89B	1.90B	1.75B	1.59B	1.51B	1.03B
Cash, Cash Equivalents and Short-Term Investments	1.33B	1.42B	1.19B	1.05B	1.05B	584.12M
Total Debt	4.60M	37.70M	2.15M	7.73M	2.56M	73.44M
Total Liabilities	196.65M	246.91M	197.91M	208.58M	243.53M	350.91M
Stockholders Equity	1.69B	1.65B	1.56B	1.38B	1.27B	683.28M
Cash Flow
Free Cash Flow	158.72M	310.50M	137.57M	124.86M	256.93M	287.74M
Operating Cash Flow	200.60M	357.57M	176.49M	276.30M	298.50M	309.01M
Investing Cash Flow	11.07M	-334.06M	-45.43M	-970.71M	-49.87M	-35.87M
Financing Cash Flow	-104.81M	-46.86M	-16.82M	-115.26M	216.67M	46.06M

M3 Technology Inc Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6799 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:6136	62Neutral	TWD 2.95B	34.55	―	4.58%	22.95%	-41.61%
TW:6568	62Neutral	TWD 3.20B	21.54	―	1.82%	14.19%	67.12%
TW:6799	60Neutral	TWD 2.93B	14.43	―	3.55%	5.45%	64.05%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:3588	51Neutral	TWD 2.73B	36.82	―	1.13%	20.36%	223.74%
TW:3041	31Underperform	TWD 2.99B	-6.76	―	―	3.96%	-48.99%

* General Sector Average

Performance Comparison

TW:6799 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6799	M3 Technology Inc	68.60	-6.69	-8.89%
TW:3041	ALi Corporation	19.80	-7.15	-26.53%
TW:3588	Leadtrend Technology Corporation	43.30	-5.14	-10.61%
TW:6136	Fullerton Technology Co., Ltd.	25.30	2.69	11.90%
TW:6568	Rafael Microelectronics, Inc.	110.50	10.38	10.37%
TW:7714	Uniforce Technology Corp.	144.50	20.09	16.15%

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

M3 Technology Inc AI Stock Analysis