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Super Dragon Technology Co., Ltd (9955) AI Stock Analysis

TW:9955

Super Dragon Technology Co., Ltd

(TWSE:9955)

Select Model
Rating:42Neutral
Price Target:TWD 19.00â–¼(-6.86% Downside)
Action:initiatedcoverage
Date:11/09/26

Super Dragon Technology scores low primarily on financial quality. Although revenue growth and a return to net profit mark genuine progress, operating profit is still negative, free cash flow was deeply negative at -NT$171.9 million, and leverage has climbed to 1.18x debt-to-equity after years of losses depleted equity. Technicals reinforce the caution: the shares sit well below all key moving averages with negative MACD and deeply depressed RSI and Stochastic readings, indicating a sustained downtrend. A low P/E of 10.6x offers some valuation appeal, but it is based on one year of fragile, partly non-operating earnings and there is no dividend to cushion returns. Evidence of positive cash conversion and declining leverage would be needed before the recovery looks durable.

Positive Factors
Revenue GrowthThe acceleration in revenue growth shows improved commercial activity after a stagnant prior year. If maintained, stronger sales can provide a larger base for operating leverage and reinvestment, although the benefit depends on converting growth into healthier core profitability.
Negative Factors
Negative Cash GenerationThe sharp reversal to negative operating and free cash flow means reported net income did not convert into cash during 2025. That weakens funding flexibility, may increase reliance on external financing, and makes the earnings rebound less dependable over the next several quarters.

Super Dragon Technology Co., Ltd (9955) vs. SPDR S&P 500 ETF (SPY)

-40%-30%-20%-10%0%10%20%30%40%TW:9955-30.18%SPY+12.79%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
TWD 2.31B
Dividend Yield
―
Average Volume (3M)
263.95K
Price to Earnings (P/E)
10.6
Beta (1Y)
0.55
Revenue Growth
27.12%
EPS Growth
―
Country
TW
Employees
178
Sector
General
Sector Strength
55
Industry
Industrial - Pollution & Treatment Controls

Super Dragon Technology Co., Ltd Business Overview & Revenue Model

Company Description

Super Dragon Technology Co., Ltd., established in Taoyuan City, Taiwan, in 1996, specializes in comprehensive waste management and recycling solutions. The company's diverse portfolio of services extends to reclaiming valuable metals, meticulously cl...

Super Dragon Technology Co., Ltd Financial Statement Overview

Summary

A fragile early-stage turnaround. Revenue grew to about NT$1.51 billion and the company posted its first net profit (NT$56.1 million) after five loss-making years, with gross margin recovering to 6.8%. However, core operating profit (EBIT) remains negative at NT$17.2 million, implying the bottom line leans on non-operating items. The balance sheet is stretched, with debt-to-equity rising to 1.18x as accumulated losses eroded equity. The weakest element is cash generation: operating cash flow was negative NT$105.6 million and free cash flow negative NT$171.9 million, reversing last year's positive figures and signaling that reported profits are not converting into cash.

Income Statement

46Neutral

Balance Sheet

41Neutral

Cash Flow

27Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue1.66B1.51B1.20B1.14B1.16B1.48B
Gross Profit126.44M101.93M1.59M39.56M1.34M10.20M
EBITDA71.28M158.85M-62.57M9.65M-17.86M-30.80M
Net Income199.28M56.14M-163.22M-81.74M-118.93M-111.72M
Balance Sheet
Total Assets3.01B2.82B2.68B2.82B2.87B2.86B
Cash, Cash Equivalents and Short-Term Investments133.82M108.27M230.39M169.55M273.11M222.68M
Total Debt1.54B1.46B1.40B1.42B1.34B1.26B
Total Liabilities1.66B1.57B1.51B1.51B1.47B1.37B
Stockholders Equity1.34B1.24B1.17B1.31B1.40B1.49B
Cash Flow
Free Cash Flow-130.03M-171.86M78.89M21.51M-854.00K-14.79M
Operating Cash Flow-72.43M-105.62M119.50M40.77M39.11M84.72M
Investing Cash Flow-85.36M19.25M-108.36M-201.55M-66.40M-165.85M
Financing Cash Flow129.10M58.81M-5.78M72.57M75.10M54.36M

Super Dragon Technology Co., Ltd Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TW:9955 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
TW:8930TW:893070OutperformTWD 2.33B11.07―7.59%-8.37%12.65%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
TW:9955TW:995542NeutralTWD 2.35B10.60――27.12%―
TW:6698TW:669838UnderperformTWD 2.06B-16.23―1.67%10.60%-30.07%
TW:4714TW:471437UnderperformTWD 2.37B-13.16―1.77%74.42%-247.01%
TW:8431TW:843135UnderperformTWD 2.42B-9.02――-5.87%-1125.70%

* General Sector Average

Performance Comparison

-50%0%50%100%TW:9955TW:4714TW:6698TW:7879TW:8431TW:8930Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TW:9955 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TW:9955Super Dragon Technology Co., Ltd20.40-8.87-30.30%
TW:4714U-Best Innovative Technology Co.,Ltd10.70-6.22-36.76%
TW:6698FineMat Applied Materials Co., Ltd.29.40-1.49-4.81%
TW:7879Advanced Material Systems Corp53.00-95.92-64.41%
TW:8431Superior Plating Technology Co., Ltd.49.6011.4129.87%
TW:8930CKM Applied Materials Corp.29.000.170.60%
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