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Mitake Information Corp. (8284) AI Stock Analysis

TW:8284

Mitake Information Corp.

(TPEx:8284)

Select Model
Rating:71Outperform
Price Target:TWD 73.00â–²(7.51% Upside)
Action:initiatedcoverage
Date:11/09/26

Mitake scores well on the strength of a fortress balance sheet, steady multi-year revenue growth and an attractive valuation — a P/E near 9.9 paired with a 6.1% dividend yield and almost no debt. The primary drag is deteriorating profitability: margins have compressed from their 2022 peak, net income fell despite higher sales, ROE dropped from 23% to 16%, and free cash flow nearly halved on rising capital expenditure. Near-term technicals also weigh on the score, with price below its 20- and 50-day averages and a negative MACD, though the stock still trades above its 100- and 200-day averages. The result is a solid, income-oriented, low-volatility holding that needs margin stabilisation and better cash conversion to re-rate higher.

Positive Factors
Steady Revenue GrowthMulti-year revenue growth indicates durable demand for Mitake’s financial information platforms and related services. Continued expansion in the company’s core market supports operating scale, provides a foundation for reinvestment, and strengthens the potential for sustained earnings generation.
Negative Factors
Recent Margin CompressionFalling margins alongside higher revenue suggest that recent growth has not translated proportionally into profit. If this pattern persists, it could limit earnings expansion, reduce the benefits of operating scale, and constrain the funds available for product development and shareholder distributions.

Mitake Information Corp. (8284) vs. SPDR S&P 500 ETF (SPY)

-10%-5%0%5%10%15%20%TW:8284+15.60%SPY+14.28%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
TWD 3.19B
Dividend Yield
5.90%
Average Volume (3M)
30.66K
Price to Earnings (P/E)
9.7
Beta (1Y)
0.09
Revenue Growth
9.88%
EPS Growth
62.04%
Country
TW
Employees
375
Sector
General
Sector Strength
55
Industry
Software - Application

Mitake Information Corp. Business Overview & Revenue Model

Company Description

Mitake Information Corporation, headquartered in Taipei City, Taiwan, specializes in delivering mobile-centric financial information and transaction platforms. The company's diverse portfolio encompasses various digital solutions, including systems f...

Mitake Information Corp. Financial Statement Overview

Summary

Mitake combines six consecutive years of revenue growth (NT$1.89bn in 2020 to roughly NT$2.96bn) with a near debt-free balance sheet — total debt of just NT$7.5m against NT$1.37bn of equity, which funds about 65% of assets. Cash earnings are genuine, with operating cash flow of NT$243m exceeding net income of NT$220m. Offsetting this, profitability is eroding: operating margin fell to 9.1% from 11.6%, net margin to 7.4% from 9.2%, net income declined roughly 15%, ROE slipped from 23% to 16%, and free cash flow nearly halved to NT$107m as capital spending rose. Gross margin in the 22-25% range is modest for a software name, pointing to a hardware/service-heavy mix.

Income Statement

68Positive

Balance Sheet

86Very Positive

Cash Flow

70Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue3.13B2.96B2.79B2.65B2.48B2.21B
Gross Profit775.64M674.07M657.10M570.89M590.83M510.24M
EBITDA401.81M303.74M356.44M273.10M372.98M253.51M
Net Income309.40M219.67M257.45M195.21M286.65M188.30M
Balance Sheet
Total Assets2.24B2.09B2.06B1.96B1.87B1.61B
Cash, Cash Equivalents and Short-Term Investments1.14B1.13B1.22B1.20B1.13B903.54M
Total Debt21.65M7.53M10.55M14.00M1.93M6.73M
Total Liabilities906.13M721.77M722.78M715.87M643.03M532.20M
Stockholders Equity1.34B1.37B1.33B1.24B1.23B1.08B
Cash Flow
Free Cash Flow276.38M107.06M205.41M263.00M394.75M121.79M
Operating Cash Flow302.32M243.45M265.59M295.12M429.60M146.32M
Investing Cash Flow-61.14M-156.92M-242.29M152.48M-22.35M-64.39M
Financing Cash Flow-192.07M-190.22M-168.11M-190.25M-141.79M-112.73M

Mitake Information Corp. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TW:8284 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
TW:6752TW:675273OutperformTWD 3.43B13.05―5.01%8.76%-2.12%
TW:8284TW:828471OutperformTWD 3.20B9.74―5.90%9.88%62.04%
TW:5432TW:543268NeutralTWD 3.33B19.13―0.87%16.37%526.93%
TW:7747TW:774766NeutralTWD 3.32B21.74―5.33%8.88%38.18%
TW:6516TW:651659NeutralTWD 2.96B25.25―4.37%19.59%46.27%
TW:5493TW:549356NeutralTWD 3.52B14.53―3.33%17.73%122.44%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%

* General Sector Average

Performance Comparison

-20%0%20%40%TW:8284TW:5432TW:5493TW:6516TW:6752TW:7747Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TW:8284 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TW:8284Mitake Information Corp.67.909.2615.79%
TW:5432Solomon Data International Corporation172.0042.8933.22%
TW:5493Sanlien Technology Corp.81.20-2.48-2.96%
TW:6516Kingwaytek Technology Co Ltd53.60-5.70-9.62%
TW:6752Galaxy Software Services Corporation89.80-26.48-22.77%
TW:7747GrandTech Cloud Services Inc.110.00-4.99-4.34%
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