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Changing Information Technology, Inc. (8272) AI Stock Analysis

TW:8272

Changing Information Technology, Inc.

(TPEx:8272)

Select Model
Rating:89Outperform
Price Target:TWD 106.00â–²(8.94% Upside)
Action:initiatedcoverage
Date:11/10/26

The score is driven primarily by excellent financial strength, strong cash generation, and rapid growth. Positive technical momentum and an attractive dividend yield further support the rating, while modest margin and return-on-equity deterioration and a reasonable rather than deeply discounted P/E limit additional upside.

Positive Factors
Profitable growthStrong software-like margins combined with a material 2025 revenue re-acceleration indicate healthy economics and renewed demand. This profitability gives the company resources to reinvest, absorb operating costs, and compound earnings if growth remains durable over the coming quarters.
Negative Factors
Margin compressionThe decline from earlier gross and operating margin peaks suggests that incremental costs increased as the company scaled. If this pressure persists, it could limit operating leverage, reduce the benefit of future revenue growth, and constrain longer-term earnings expansion.

Changing Information Technology, Inc. (8272) vs. SPDR S&P 500 ETF (SPY)

-30%-20%-10%0%10%20%30%TW:8272+20.70%SPY+14.30%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
TWD 1.90B
Dividend Yield
5.34%
Average Volume (3M)
85.69K
Price to Earnings (P/E)
21.1
Beta (1Y)
0.34
Revenue Growth
7.21%
EPS Growth
1.97%
Country
TW
Employees
174
Sector
General
Sector Strength
55
Industry
Software - Infrastructure

Changing Information Technology, Inc. Business Overview & Revenue Model

Company Description

Headquartered in Hsinchu, Taiwan, Changing Information Technology Inc. specializes in delivering robust digital authentication and cybersecurity solutions. The company's diverse offerings include advanced zero-trust authentication systems, specialize...

Changing Information Technology, Inc. Financial Statement Overview

Summary

Strong profitability, rapid revenue growth, robust operating and free cash flow, and excellent balance-sheet strength with only 0.5% debt-to-equity. Modest margin compression, lower return on equity, and uneven historical cash-flow growth limit the score.

Income Statement

88Very Positive

Balance Sheet

94Very Positive

Cash Flow

91Very Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Mar 2024Dec 2022Dec 2021
Income Statement
Total Revenue480.57M478.24M412.79M421.77M420.71M381.17M
Gross Profit349.36M349.77M313.03M324.56M324.62M279.77M
EBITDA108.97M108.52M96.78M109.56M112.65M93.48M
Net Income87.06M88.46M70.88M81.40M82.85M67.72M
Balance Sheet
Total Assets853.11M859.97M788.53M626.90M579.91M477.15M
Cash, Cash Equivalents and Short-Term Investments701.41M709.43M643.32M436.17M428.47M346.96M
Total Debt851.00K3.36M8.18M3.27M8.00M12.41M
Total Liabilities262.87M244.09M215.53M216.47M210.89M167.26M
Stockholders Equity590.24M615.88M573.00M410.44M369.02M309.89M
Cash Flow
Free Cash Flow89.38M127.58M107.84M70.26M114.53M113.24M
Operating Cash Flow91.31M128.76M111.04M71.98M116.81M115.91M
Investing Cash Flow-66.59M-118.22M-111.97M-89.62M-83.40M-59.06M
Financing Cash Flow-50.53M-50.40M82.09M-47.46M-33.26M-21.13M

Changing Information Technology, Inc. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TW:8272 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
TW:8272TW:827289OutperformTWD 1.85B21.09―5.34%7.21%1.97%
TW:6697TW:669778OutperformTWD 1.70B22.81―3.80%8.27%-1.22%
TW:7547TW:754776OutperformTWD 1.75B15.96―3.46%15.37%10.25%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
TW:6874TW:687454NeutralTWD 1.68B16.74―4.33%29.57%7.51%

* General Sector Average

Performance Comparison

0%50%100%TW:8272TW:6697TW:6874TW:6927TW:7547TW:7813Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TW:8272 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TW:8272Changing Information Technology, Inc.97.3015.5319.00%
TW:6697Information Technology Total Services Co., Ltd.68.5022.6149.27%
TW:6874M-Power Information Co., Ltd69.306.209.82%
TW:6927Integrated Solutions Technology Inc60.1023.0061.99%
TW:7547Intumit, Inc.51.40-20.96-28.96%
TW:7813Yu-Chen System Technology Corp.105.0025.4331.96%
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