iBASE Technology Inc. (8050) AI Stock Analysis

iBASE Technology Inc.

(TPEx:8050)

Select Model

Rating:51Neutral

Price Target:TWD 53.00▲(3.92% Upside)

Action:initiatedcoverage

Date:11/10/26

The score is primarily constrained by deteriorating profitability and weak cash generation, with additional pressure from negative technical momentum. Stronger leverage metrics and an attractive P/E ratio and dividend yield provide meaningful but insufficient offsets.

Positive Factors

Broad Industrial Computing PortfolioA broad portfolio serving industrial automation, transportation, retail, hospitality, smart-city and edge-AI applications gives iBASE exposure to multiple durable computing use cases. This breadth can support resilience because demand is not tied to one product category or end market.

Negative Factors

Revenue and Margin CompressionThe simultaneous decline in revenue, gross margin and net margin signals deterioration in both demand and earnings quality. If this persists, lower profitability would reduce reinvestment capacity and make it harder for iBASE to convert its broad product footprint into durable earnings growth.

iBASE Technology Inc. (8050) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 10.41B
Dividend Yield: 4.21%
Average Volume (3M): 2.11M
Price to Earnings (P/E): 12.4
Beta (1Y): 0.65
Revenue Growth: 17.15%
EPS Growth: 103.91%
Country: TW
Employees: 904
Sector: General
Sector Strength: 55
Industry: Computer Hardware

iBASE Technology Inc. Business Overview & Revenue Model

Company Description

IBASE Technology Inc., headquartered in Taipei, Taiwan, is a company dedicated to the engineering, production, and global distribution of industrial personal computers. Their extensive product range primarily encompasses industrial motherboards (util...

iBASE Technology Inc. Financial Statement Overview

Summary

Balance-sheet strength and declining leverage are offset by sharply weaker revenue, margins, profitability, and highly limited free cash flow.

Income Statement

42Neutral

Balance Sheet

75Positive

Cash Flow

32Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	5.64B	5.36B	5.18B	6.00B	6.77B	5.71B
Gross Profit	1.29B	1.14B	1.23B	1.40B	1.95B	1.03B
EBITDA	500.86M	370.56M	889.66M	672.75M	1.61B	479.80M
Net Income	537.26M	210.81M	588.28M	715.89M	1.14B	220.76M
Balance Sheet
Total Assets	14.81B	11.92B	13.32B	13.57B	12.41B	10.55B
Cash, Cash Equivalents and Short-Term Investments	1.98B	1.77B	2.71B	3.31B	1.86B	2.70B
Total Debt	4.31B	2.91B	3.52B	3.58B	3.44B	3.50B
Total Liabilities	6.63B	3.94B	4.71B	4.94B	5.00B	4.73B
Stockholders Equity	7.49B	7.21B	7.66B	7.61B	6.65B	4.84B
Cash Flow
Free Cash Flow	-948.72M	15.67M	-190.99M	658.05M	-1.21B	224.06M
Operating Cash Flow	-814.12M	352.89M	140.04M	986.88M	432.65M	404.51M
Investing Cash Flow	-17.36M	462.79M	-142.88M	-99.84M	-940.83M	341.17M
Financing Cash Flow	967.72M	-1.19B	-957.40M	131.56M	251.84M	-150.46M

iBASE Technology Inc. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:8050 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:8114	72Outperform	TWD 11.74B	11.57	―	7.47%	-17.73%	-35.11%
TW:3088	67Neutral	TWD 12.32B	12.47	―	2.69%	35.40%	73.91%
TW:6245	64Neutral	TWD 12.61B	19.61	―	4.39%	11.74%	8.17%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:5386	52Neutral	TWD 10.20B	2.94	―	0.80%	223.02%	1417.06%
TW:8050	51Neutral	TWD 9.99B	12.43	―	4.21%	17.15%	103.91%
TW:3701	50Neutral	TWD 13.61B	-23.38	―	0.35%	-27.54%	-440.84%

* General Sector Average

Performance Comparison

TW:8050 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:8050	iBASE Technology Inc.	51.00	5.46	11.98%
TW:3088	Axiomtek Co Ltd	109.00	33.43	44.24%
TW:3701	FIC Global, Inc.	57.50	24.30	73.19%
TW:5386	Albatron Technology Co., Ltd	188.50	139.36	283.62%
TW:6245	Lanner Electronics Inc.	86.60	16.42	23.40%
TW:8114	Posiflex Technology Inc.	153.50	-26.52	-14.73%

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

iBASE Technology Inc. AI Stock Analysis