Wistron Corporation (3231.TW) stock analysis

In our weekly check, Wistron Corporation is graded C (A to F). Of 24 checks on debt, profit, cash flow and trend: 14 pass, warnings: 2, red flags: 8.

About Wistron Corporation

Wistron Corporation is a Technology company (Computer Hardware) based in Taiwan, listed on TAI as 3231.TW.

What our checks show for 3231.TW

Red flags

• Net debt is 3.5x a year of EBITDA (debt/equity 2.8). That limits room in a downturn and raises refinancing risk.
• Operating cash flow is negative while the company reports a profit: the profit does not arrive as cash.
• The net margin is only 1.3%: little room if costs rise.
• Free cash flow is negative (-8.9% of revenue): the business spends more cash than it brings in.
• The stock has fallen as much as 76% from a peak. Would you have held through that?
• Recovering from its deepest fall took about 7.4 years.
• The share count grew by 127% in 2 years: each shareholder owns a smaller slice.
• Pay in shares equals 0% of free cash flow: it dilutes shareholders.

Warning signs

• The net margin fell by 0.4 points over 5 years, to 1.3%: the company keeps less of each sale as profit.
• The price swings a lot: 44.3% annual volatility. Expect large ups and downs.

Strengths

• Analysts expect earnings per share to grow about 44% a year over the next years.
• Analysts expect revenue to grow about 48% a year over the next years.
• Revenue grew 45.5% a year over the last 3 years.
• Earnings per share grew 23% a year over the last 3 years.
• Net profit grew 28.2% a year over the last 3 years.
• The price is 14.9 times earnings (P/E), reasonable for its growth.

Next earnings report: 2026-11-18

Similar companies

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Questions

What grade does Wistron Corporation (3231.TW) have?

In our weekly check, Wistron Corporation is graded C (A to F). Of 24 checks on debt, profit, cash flow and trend: 14 pass, warnings: 2, red flags: 8. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of 3231.TW stock?

This week's biggest flags for Wistron Corporation: High debt, Profits not backed by cash, Thin margins. In total 10 of 24 checks show a warning or a red flag.

What does Wistron Corporation do?

Wistron Corporation is a Technology company (Computer Hardware) based in Taiwan, listed on TAI as 3231.TW.

When does Wistron Corporation report earnings next?

The next earnings report is expected on 2026-11-18. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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