1468$12.1056

Chang Ho Fibre Corp

Textiles & Leather GoodsVerified

Score breakdown

Valuation+16Profitability+32Sentiment+24Risk penalty-3

Quality breakdown

Key fields100Profile38Conclusion94AI synthesis40Observations3

Chang Ho Fibre Corp’s capital structure shows a debt-to-equity ratio of 0.95, indicating moderate leverage, while its liquidity position is supported by cash and equivalents of TWD 338.7 million, though net cash is negative after subtracting total debt [doc:HA-latest]. The company’s price-to-book ratio of 1.37 and tangible book ratio of 1.37 suggest market valuation is slightly above its book value, but its price-to-earnings ratio of 57.54 reflects a high multiple relative to earnings [doc:Valuation snapshot]. Profitability metrics show a return on equity (ROE) of 2.39% and return on assets (ROA) of 1.04%, both below the typical thresholds for capital-efficient textile firms. Operating income was negative at TWD -2.28 million, despite gross profit of TWD 106.0 million, indicating rising operating costs or pricing pressures [doc:HA-latest]. The company’s revenue is concentrated in domestic and export markets, with no disclosed segment breakdown. Export exposure to Asia and North America may subject it to currency and trade policy risks, though no specific revenue concentration percentages are provided in the input data [doc:HA-latest]. Growth trajectory is unclear, as no forward-looking revenue guidance is included in the input data. Historical revenue of TWD 827.4 million lacks prior-year comparisons, making it difficult to assess growth trends [doc:HA-latest]. Risk factors include medium liquidity risk due to negative net cash and a current ratio of 1.5, which is near the threshold for short-term solvency concerns. Dilution risk is low, with no difference between basic and diluted shares outstanding [doc:HA-latest]. Recent events are not detailed in the input data, but the company’s operating cash flow of TWD 151.6 million and free cash flow of TWD 57.4 million suggest some operational flexibility [doc:HA-latest].

30-day price · 1468+0.55 (+4.6%)

Low$11.30High$12.75Close$12.50As of7 May, 00:00 UTC

Profile

CompanyChang Ho Fibre Corp

Ticker1468.TW

SectorConsumer Cyclicals

BusinessCyclical Consumer Products

Industry groupCyclical Consumer Products

IndustryTextiles & Leather Goods

AI analysis

Business. Chang Ho Fibre Corp (1468.TW) produces and sells highly functional fabrics and air-twisted yarns for outdoor equipment, military/police clothing, and industrial applications, with products sold domestically and exported to Asia and North America [doc:HA-latest].

Classification. Chang Ho Fibre Corp is classified in the Textiles & Leather Goods industry under the Consumer Cyclicals economic sector, with a confidence level of 0.92 [doc:verified market data].

Key takeaways

Chang Ho Fibre Corp operates in a capital-intensive industry with low ROE (2.39%) and ROA (1.04%), indicating weak returns.
The company’s liquidity is constrained by negative net cash despite TWD 338.7 million in cash and equivalents.
High price-to-earnings ratio (57.54) suggests market optimism, but negative operating income raises concerns about near-term profitability.
Export exposure to Asia and North America introduces currency and geopolitical risks not quantified in the input data.
--
# RATIONALES
```json
{

Financial snapshot

PeriodHA-latest

CurrencyTWD

Revenue$827.4M

Gross profit$106.0M

Operating income-$2.3M

Net income$33.7M

R&D—

SG&A—

D&A—

SBC—

Operating cash flow$151.6M

CapEx-$6.9M

Free cash flow$57.4M

Total assets$3.25B

Total liabilities$1.84B

Total equity$1.41B

Cash & equivalents$338.7M

Long-term debt$1.34B

Annual history (last 5)

PeriodRevenueOp IncomeNet IncomeFCF

FY0————

FY-1————

FY-2————

FY-3————

FY-4————

PeriodGross %Op %Net %FCF %

FY0————

FY-1————

FY-2————

FY-3————

FY-4————

PeriodAssetsEquityCashDebt

FY0————

FY-1————

FY-2————

FY-3————

FY-4————

PeriodOCFCapExFCFSBC

FY0————

FY-1————

FY-2————

FY-3————

FY-4————

Quarterly history (last 4)

PeriodRevenueOp IncomeNet IncomeFCF

FQ0————

FQ-1————

FQ-2————

FQ-3————

FQ-4————

FQ-5————

FQ-6————

FQ-7————

PeriodGross %Op %Net %FCF %

FQ0————

FQ-1————

FQ-2————

FQ-3————

FQ-4————

FQ-5————

FQ-6————

FQ-7————

PeriodAssetsEquityCashDebt

FQ0————

FQ-1————

FQ-2————

FQ-3————

FQ-4————

FQ-5————

FQ-6————

FQ-7————

PeriodOCFCapExFCFSBC

FQ0————

FQ-1————

FQ-2————

FQ-3————

FQ-4————

FQ-5————

FQ-6————

FQ-7————

Valuation

Market price$12.10

Market cap$1.94B

Enterprise value$2.95B

P/E57.5

Reported non-GAAP P/E—

EV/Revenue3.6

EV/Op income—

EV/OCF19.4

P/B1.4

P/Tangible book1.4

Tangible book$1.41B

Net cash-$1.00B

Current ratio1.5

Debt/Equity0.9

ROA1.0%

ROE2.4%

Cash conversion4.5%

CapEx/Revenue-0.8%

SBC/Revenue—

Asset intensity—

Dilution ratio0.0%

Risk assessment

Dilution riskLow

Liquidity riskMedium

Net cash is negative after subtracting total debt.

Industry benchmarks

Activity: Textiles & Leather Goods · cohort 272 companies

Metric1468Activity

Op margin-0.3%4.3% medp25 -0.2% · p75 8.6%bottom quartile

Net margin4.1%2.3% medp25 -0.6% · p75 6.5%above median

Gross margin12.8%17.4% medp25 10.3% · p75 28.8%below median

CapEx / revenue-0.8%-2.9% medp25 -6.0% · p75 -1.1%top quartile

Debt / equity95.0%46.3% medp25 8.9% · p75 99.0%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 13:33 UTC#6bc67abd

Market quoteclose TWD 12.10 · shares 0.16B diluted

no public URL

2026-05-05 13:33 UTC#ec9e76de

Source: analysis-pipeline (hybrid)Generated: 2026-05-05 13:35 UTCJob: abec3d10