Tatung System Technologies Inc. (8099) AI Stock Analysis

Tatung System Technologies Inc.

(TPEx:8099)

Select Model

Rating:75Outperform

Price Target:TWD 167.00▲(21.90% Upside)

Action:initiatedcoverage

Date:11/10/26

The score is supported primarily by strong financial performance and a very solid balance sheet. Positive technical momentum is tempered by overbought indicators, while the elevated P/E ratio and low dividend yield weigh on valuation.

Positive Factors

Revenue and earnings growthThe return to revenue growth alongside a multi-year improvement in net income indicates renewed operating momentum rather than reliance on a single period. This can support continued investment in enterprise and public-sector projects while strengthening the company’s earnings base over the next several quarters.

Negative Factors

Cash-flow volatilityAlthough cash conversion is usually strong, the sharp 2022 decline and the 2025 free-cash-flow drop show that reported earnings do not translate into cash consistently every year. That variability can constrain investment flexibility and make funding for growth more dependent on operating timing.

Tatung System Technologies Inc. (8099) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 15.06B
Dividend Yield: 1.53%
Average Volume (3M): 640.75K
Price to Earnings (P/E): 37.1
Beta (1Y): -0.22
Revenue Growth: 27.23%
EPS Growth: 58.65%
Country: TW
Employees: 564
Sector: General
Sector Strength: 55
Industry: Information Technology Services

Tatung System Technologies Inc. Business Overview & Revenue Model

Company Description

Tatung System Technologies Inc. specializes in the design, development, and commercialization of computer software and hardware, alongside providing informatization and digital transformation services to clients in Taiwan, Southeast Asia, and global...

Tatung System Technologies Inc. Financial Statement Overview

Summary

Strong financial performance overall, supported by a very strong balance sheet, sharply lower debt, rising revenue and net income. Lower cash flow and modest margin compression limit the score.

Income Statement

78Positive

Balance Sheet

92Very Positive

Cash Flow

70Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	5.63B	5.01B	3.93B	4.18B	4.35B	4.27B
Gross Profit	1.20B	1.05B	953.40M	927.44M	891.85M	889.45M
EBITDA	474.10M	388.90M	364.97M	379.79M	370.71M	354.05M
Net Income	329.19M	252.80M	204.37M	188.14M	178.46M	178.28M
Balance Sheet
Total Assets	3.77B	3.66B	2.99B	3.17B	3.41B	3.20B
Cash, Cash Equivalents and Short-Term Investments	1.10B	975.34M	853.43M	807.18M	636.89M	699.97M
Total Debt	69.68M	94.86M	180.33M	194.07M	464.71M	286.06M
Total Liabilities	2.14B	1.98B	1.48B	1.70B	1.98B	1.78B
Stockholders Equity	1.63B	1.69B	1.51B	1.47B	1.43B	1.42B
Cash Flow
Free Cash Flow	307.10M	248.42M	334.25M	615.41M	745.00K	315.54M
Operating Cash Flow	319.23M	257.96M	344.74M	634.91M	15.58M	350.68M
Investing Cash Flow	-142.52M	-183.40M	20.79M	-45.63M	-20.16M	-87.78M
Financing Cash Flow	-107.00M	-161.49M	-314.35M	-435.91M	-36.87M	-183.37M

Tatung System Technologies Inc. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:8099 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:6183	76Outperform	TWD 13.34B	18.16	―	3.99%	10.41%	26.62%
TW:8099	75Outperform	TWD 13.71B	37.15	―	1.53%	27.23%	58.65%
TW:2480	70Outperform	TWD 18.08B	18.38	―	4.59%	14.18%	17.00%
TW:6903	66Neutral	TWD 18.34B	12.44	―	3.09%	196.19%	262.75%
TW:3022	62Neutral	TWD 12.93B	9.75	―	4.78%	26.50%	43.52%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* General Sector Average

Performance Comparison

TW:8099 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:8099	Tatung System Technologies Inc.	137.00	67.08	95.95%
TW:2480	Stark Technology, Inc.	170.00	26.05	18.10%
TW:3022	IEI Integration Corporation	73.20	6.51	9.76%
TW:6183	Trade-Van Information Services Co.	88.90	-3.69	-3.98%
TW:6903	Jiu Han System Technology Co Ltd	275.00	110.66	67.33%
TW:7781	TPIsoftware Corp.	20.30	15.20	297.73%

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

Tatung System Technologies Inc. AI Stock Analysis