WPG Holdings Limited (3702.TW) stock analysis
In our weekly check, WPG Holdings Limited is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 16 pass, warnings: 3, red flags: 6.
About WPG Holdings Limited
WPG Holdings Limited is a Technology company (Technology Distributors) based in Taiwan, listed on TAI as 3702.TW.
What our checks show for 3702.TW
Red flags
- Net debt is 6.6x a year of EBITDA (debt/equity 2.57). 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 1.6%: little room if costs rise.
- Free cash flow is negative (-7.5% of revenue): the business spends more cash than it brings in.
- The stock has fallen as much as 78% from a peak. Would you have held through that?
- Pay in shares equals 0% of free cash flow: it dilutes shareholders.
Warning signs
- Operating profit covers interest only 3.1 times: a weak year could make the payments hard.
- Margins expected to shrink
- The price swings a lot: 41.9% annual volatility. Expect large ups and downs.
Strengths
- The gross margin is 4.3% and has risen by 0.5 points: pricing power is holding.
- Analysts expect earnings per share to grow about 25.4% a year over the next years.
- Analysts expect revenue to grow about 18.6% a year over the next years.
- Revenue grew 18% a year over the last 3 years.
- Earnings per share grew 24.2% a year over the last 3 years.
- Net profit grew 24.3% a year over the last 3 years.
Next earnings report: 2026-11-17
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Questions
What grade does WPG Holdings Limited (3702.TW) have?
In our weekly check, WPG Holdings Limited is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 16 pass, warnings: 3, red flags: 6. The grade is a risk check, not a buy or sell recommendation.
What are the main risks of 3702.TW stock?
This week's biggest flags for WPG Holdings Limited: High debt, Profits not backed by cash, Thin margins. In total 9 of 25 checks show a warning or a red flag.
What does WPG Holdings Limited do?
WPG Holdings Limited is a Technology company (Technology Distributors) based in Taiwan, listed on TAI as 3702.TW.
When does WPG Holdings Limited report earnings next?
The next earnings report is expected on 2026-11-17. 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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