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LIVE · 10:03 UTC
Companies/Consumer Discretionary/1338
1338$16.0055

Hiroca Holdings Ltd

Auto, Truck & Motorcycle PartsVerified
Score breakdown
Valuation+27Profitability+9Sentiment+24Risk penalty-3Missing signals-1
Quality breakdown
Key fields100Profile25Conclusion95AI synthesis40Observations3

Hiroca Holdings exhibits a capital structure with a debt-to-equity ratio of 0.86, indicating moderate leverage relative to its equity base [doc:HA-latest]. The company's liquidity position is mixed, with a current ratio of 1.36 and cash and equivalents of TWD 1,066 million, but negative net cash after subtracting total debt. The price-to-book ratio of 0.22 suggests the market values the company significantly below its book value, while the price-to-tangible-book ratio of 0.22 reinforces this valuation discount [doc:HA-latest]. Profitability metrics are weak, with a return on equity of -3.13% and a return on assets of -1.34%, both well below the industry median for return on equity and return on assets in the Auto, Truck & Motorcycle Parts sector. The company reported a net loss of TWD 182.3 million and an operating loss of TWD 43.5 million in the latest period, indicating operational challenges [doc:HA-latest]. The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic shifts and industry-specific downturns [doc:HA-latest]. Growth prospects are constrained, with no disclosed revenue growth in the current fiscal year and no forward-looking guidance provided. The company's operating cash flow of TWD 675.7 million contrasts with a negative free cash flow of TWD 610.8 million, driven by capital expenditures of TWD 946.6 million, suggesting reinvestment in operations rather than expansion [doc:HA-latest]. The risk assessment highlights liquidity concerns, with a medium liquidity risk rating and a key flag indicating negative net cash after subtracting total debt. Dilution risk is currently low, with no dilution expected in the near term and no adjustments applied to valuation metrics [doc:HA-latest]. Recent filings and transcripts have not disclosed any material events or strategic shifts, and the company has not issued new shares or announced significant capital raises in the past 12 months [doc:HA-latest].

30-day price · 1338+1.70 (+11.8%)
Low$14.05High$17.90Close$16.05As of7 May, 00:00 UTC
Profile
CompanyHiroca Holdings Ltd
Ticker1338.TW
SectorConsumer Cyclicals
BusinessAutomobiles & Auto Parts
Industry groupAutomobiles & Auto Parts
IndustryAuto, Truck & Motorcycle Parts
AI analysis

Business. Hiroca Holdings Ltd is a manufacturer and supplier of auto, truck, and motorcycle parts, primarily serving the automotive industry [doc:verified_market_data].

Classification. Hiroca is classified under the industry "Auto, Truck & Motorcycle Parts" within the Consumer Cyclicals economic sector, with a confidence level of 0.92 [doc:verified_market_data].

Hiroca Holdings exhibits a capital structure with a debt-to-equity ratio of 0.86, indicating moderate leverage relative to its equity base [doc:HA-latest]. The company's liquidity position is mixed, with a current ratio of 1.36 and cash and equivalents of TWD 1,066 million, but negative net cash after subtracting total debt. The price-to-book ratio of 0.22 suggests the market values the company significantly below its book value, while the price-to-tangible-book ratio of 0.22 reinforces this valuation discount [doc:HA-latest]. Profitability metrics are weak, with a return on equity of -3.13% and a return on assets of -1.34%, both well below the industry median for return on equity and return on assets in the Auto, Truck & Motorcycle Parts sector. The company reported a net loss of TWD 182.3 million and an operating loss of TWD 43.5 million in the latest period, indicating operational challenges [doc:HA-latest]. The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic shifts and industry-specific downturns [doc:HA-latest]. Growth prospects are constrained, with no disclosed revenue growth in the current fiscal year and no forward-looking guidance provided. The company's operating cash flow of TWD 675.7 million contrasts with a negative free cash flow of TWD 610.8 million, driven by capital expenditures of TWD 946.6 million, suggesting reinvestment in operations rather than expansion [doc:HA-latest]. The risk assessment highlights liquidity concerns, with a medium liquidity risk rating and a key flag indicating negative net cash after subtracting total debt. Dilution risk is currently low, with no dilution expected in the near term and no adjustments applied to valuation metrics [doc:HA-latest]. Recent filings and transcripts have not disclosed any material events or strategic shifts, and the company has not issued new shares or announced significant capital raises in the past 12 months [doc:HA-latest].
Key takeaways
  • Hiroca Holdings is undervalued relative to book value, with a price-to-book ratio of 0.22.
  • The company is unprofitable, with a negative return on equity and operating loss in the latest period.
  • High capital expenditures and negative free cash flow suggest reinvestment in operations rather than growth.
  • Liquidity is a concern, with negative net cash after subtracting total debt.
  • The company lacks geographic and segment diversification, increasing exposure to regional and industry-specific risks.
  • --
  • ## RATIONALES
  • ```json
Financial snapshot
PeriodHA-latest
CurrencyTWD
Revenue$5.23B
Gross profit$1.23B
Operating income-$43.5M
Net income-$182.3M
R&D—
SG&A—
D&A—
SBC—
Operating cash flow$675.7M
CapEx-$946.6M
Free cash flow-$610.8M
Total assets$13.65B
Total liabilities$7.83B
Total equity$5.82B
Cash & equivalents$1.07B
Long-term debt$5.01B
Annual history (last 5)
PeriodRevenueOp IncomeNet IncomeFCF
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PeriodOCFCapExFCFSBC
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Quarterly history (last 4)
PeriodRevenueOp IncomeNet IncomeFCF
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PeriodGross %Op %Net %FCF %
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PeriodAssetsEquityCashDebt
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PeriodOCFCapExFCFSBC
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Valuation
Market price$16.00
Market cap$1.29B
Enterprise value$5.24B
P/E—
Reported non-GAAP P/E—
EV/Revenue1.0
EV/Op income—
EV/OCF7.8
P/B0.2
P/Tangible book0.2
Tangible book$5.82B
Net cash-$3.94B
Current ratio1.4
Debt/Equity0.9
ROA-1.3%
ROE-3.1%
Cash conversion-3.7%
CapEx/Revenue-18.1%
SBC/Revenue—
Asset intensity—
Dilution ratio0.0%
Risk assessment
Dilution riskLow
Liquidity riskMedium
  • Net cash is negative after subtracting total debt.
Industry benchmarks
Activity: Auto, Truck & Motorcycle Parts · cohort 1 companies
Metric1338Activity
Op margin-0.8%3.3% medp25 2.6% · p75 3.5%bottom quartile
Net margin-3.5%1.9% medp25 1.5% · p75 1.9%bottom quartile
Gross margin23.5%12.6% medp25 9.5% · p75 15.6%top quartile
R&D / revenue—3.2% medp25 2.3% · p75 4.1%
CapEx / revenue-18.1%2.4% medp25 2.4% · p75 2.4%bottom quartile
Debt / equity86.0%71.6% medp25 62.7% · p75 188.5%above median
Source data
Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.
Company fundamentalsperiod FQ-7 · history via verified-market-data
no public URL
2026-05-05 04:49 UTC#acba98e6
Market quoteclose TWD 16.00 · shares 0.08B diluted
no public URL
2026-05-05 04:49 UTC#fcd88d47
Source: analysis-pipeline (hybrid)Generated: 2026-05-05 04:51 UTCJob: a50446d0