Syntec Technology Co. Ltd. (7750) AI Stock Analysis

Syntec Technology Co. Ltd.

(TWSE:7750)

Select Model

Rating:70Outperform

Price Target:TWD 1,595.00▲(1.59% Upside)

Action:initiatedcoverage

Date:11/09/26

The score is anchored by outstanding fundamentals: strong double-digit revenue growth, sharply expanding margins, near-debt-free financing and cash flow that fully backs reported earnings. This is substantially offset by weak technicals, with the share price trading well below all key moving averages and a negative MACD pointing to a sustained downtrend, albeit with deeply oversold readings. Valuation at ~25x earnings is fair rather than cheap, and the modest 1.1% yield provides limited support. Key risks are the cyclicality of the electrical equipment sector, potential compression of currently peak margins, and above-market volatility given a beta of 1.42.

Positive Factors

Revenue and Margin ExpansionThe combination of sustained recent revenue expansion and improving gross, operating, and net margins indicates stronger earnings power and operating discipline. If maintained, this progress can support reinvestment, resilience, and continued profitability over the next several quarters.

Negative Factors

Cash-Conversion VolatilityCash generation has not been consistently proportional to reported revenue or earnings, with negative operating cash flow in 2020 and weak coverage ratios in recent years. Such volatility can make funding needs and capital allocation less predictable even when profits remain strong.

Syntec Technology Co. Ltd. (7750) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 107.57B
Dividend Yield: 1.02%
Average Volume (3M): 307.86K
Price to Earnings (P/E): 25.3
Beta (1Y): 1.42
Revenue Growth: 90.34%
EPS Growth: 187.36%
Country: TW
Employees: 400
Sector: General
Sector Strength: 55
Industry: Electrical Equipment & Parts

Syntec Technology Co. Ltd. Business Overview & Revenue Model

Company Description

Syntec Technology Co., Ltd., founded in 1995 and headquartered in Hsinchu City, Taiwan, specializes in industrial automation. The company is actively involved in the research, development, production, sales, and ongoing support of electronic automati...

Syntec Technology Co. Ltd. Financial Statement Overview

Summary

Syntec combines rapid growth with an exceptionally clean balance sheet. Revenue rose from NT$7.9bn (2023) to NT$14.0bn (2025), with gross margin expanding to 45.8%, operating margin doubling to 21.4%, and net income nearly tripling to NT$2.28bn. Debt has been slashed to NT$390m for a debt-to-equity ratio of just 0.03, while equity more than doubled to NT$11.37bn, supporting a still-healthy 20.1% ROE. Operating cash flow nearly doubled to NT$2.77bn and exceeds net income (~1.2x), confirming high earnings quality, with free cash flow at a record NT$2.02bn. Offsetting factors are sector cyclicality (revenue fell 19% in 2022, cash flow was negative in 2020), the risk that peak margins compress, softer FCF conversion (73% vs 87% prior year) on higher capex, and the need to deploy the enlarged equity base productively.

Income Statement

88Very Positive

Balance Sheet

90Very Positive

Cash Flow

83Very Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	19.85B	13.96B	10.81B	7.87B	7.27B	8.95B
Gross Profit	9.02B	6.39B	4.74B	3.24B	2.84B	3.37B
EBITDA	5.41B	3.20B	1.98B	989.12M	900.58M	881.58M
Net Income	4.17B	2.28B	1.37B	650.85M	536.50M	941.29M
Balance Sheet
Total Assets	24.57B	17.66B	9.43B	7.32B	6.75B	7.38B
Cash, Cash Equivalents and Short-Term Investments	7.23B	7.71B	1.88B	988.25M	933.78M	705.77M
Total Debt	741.34M	389.53M	533.96M	1.22B	1.85B	2.03B
Total Liabilities	11.13B	6.29B	4.53B	4.22B	3.95B	4.77B
Stockholders Equity	13.45B	11.37B	4.90B	3.11B	2.79B	2.61B
Cash Flow
Free Cash Flow	1.56B	2.02B	1.21B	1.08B	824.05M	824.05M
Operating Cash Flow	2.28B	2.77B	1.39B	1.18B	1.16B	1.16B
Investing Cash Flow	-921.48M	-843.34M	-203.41M	-75.58M	-344.93M	-291.72M
Financing Cash Flow	3.18B	3.84B	-391.09M	-979.50M	-586.04M	534.09M

Syntec Technology Co. Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:7750 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:2404	81Outperform	TWD 180.68B	14.98	―	4.02%	71.98%	76.08%
TW:7750	70Outperform	TWD 108.34B	25.25	―	1.02%	90.34%	187.36%
TW:2467	66Neutral	TWD 50.73B	26.03	―	1.71%	71.68%	144.03%
TW:1503	65Neutral	TWD 88.83B	23.93	―	2.88%	8.33%	16.27%
TW:6196	59Neutral	TWD 92.54B	19.17	―	1.52%	86.15%	58.05%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:2049	48Neutral	TWD 103.13B	35.56	―	0.64%	―	―

* General Sector Average

Performance Comparison

TW:7750 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:7750	Syntec Technology Co. Ltd.	1570.00	832.45	112.87%
TW:1503	Shihlin Electric & Engineering Corp.	173.50	0.69	0.40%
TW:2049	HIWIN Technologies Corp.	314.00	115.16	57.92%
TW:2404	United Integrated Services Co., Ltd.	994.00	198.56	24.96%
TW:2467	C Sun Mfg. Ltd.	322.50	148.16	84.98%
TW:6196	Marketech International Corp.	424.50	182.42	75.36%

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

Syntec Technology Co. Ltd. AI Stock Analysis