2250—56

Ikka Holdings Cayman Ltd

Auto, Truck & Motorcycle PartsVerified

Score breakdown

Profitability+32Sentiment+21Risk penalty-3Missing signals-3

Quality breakdown

Key fields100Profile38Conclusion93AI synthesis40Observations3

Ikka Holdings maintains a conservative capital structure with a debt-to-equity ratio of 0.23, well below the industry median of 0.45, and a current ratio of 2.44, indicating strong short-term liquidity. However, the company reports negative net cash after subtracting total debt, signaling potential near-term liquidity constraints [doc:HA-latest]. Profitability metrics show a return on equity (ROE) of 6.62% and return on assets (ROA) of 3.9%, both below the industry median ROE of 8.2% and ROA of 5.1%. This suggests underperformance in asset utilization and equity generation relative to peers [doc:HA-latest]. Revenue is concentrated across three core segments: automotive parts (62% of revenue), sanitary appliance parts (23%), and office equipment parts (15%). Geographic exposure is primarily in Asia (78% of revenue), with the remainder split between Europe and North America. No single country accounts for more than 10% of revenue [doc:HA-latest]. Outlook data indicates a 4.2% year-over-year revenue growth for the current fiscal year, driven by increased demand for EPB systems in the automotive sector. However, the next fiscal year projects a 1.8% decline, reflecting potential supply chain disruptions and reduced capital expenditure of TWD 77.6 million [doc:HA-latest]. Risk assessment highlights medium liquidity risk due to negative net cash and low dilution risk, with no near-term share issuance expected. The company has not disclosed any material dilution sources in recent filings [doc:HA-latest]. Recent filings and transcripts show no material changes in business strategy or financial position. The company continues to focus on cost optimization and product diversification to mitigate sector-specific risks [doc:HA-latest].

Profile

CompanyIkka Holdings Cayman Ltd

Ticker2250.TW

SectorConsumer Cyclicals

BusinessAutomobiles & Auto Parts

Industry groupAutomobiles & Auto Parts

IndustryAuto, Truck & Motorcycle Parts

AI analysis

Business. Ikka Holdings Cayman Ltd designs and manufactures automotive components, including electrical park brake (EPB) systems, steering systems, and car body accessories, as well as sanitary appliance parts and office equipment parts [doc:HA-latest].

Classification. Ikka Holdings is classified in the Consumer Cyclicals economic sector, Automobiles & Auto Parts business sector, and Auto, Truck & Motorcycle Parts industry with 92% confidence [doc:verified market data].

Key takeaways

Ikka Holdings has a conservative debt structure but faces liquidity constraints due to negative net cash.
ROE and ROA are below industry medians, indicating underperformance in profitability.
Revenue is heavily concentrated in the automotive parts segment and Asian markets.
Near-term revenue growth is projected, but the next fiscal year may see a decline due to supply chain and capital expenditure pressures.
Dilution risk is low, and no material dilution sources are currently disclosed.
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Financial snapshot

PeriodHA-latest

CurrencyTWD

Revenue$3.39B

Gross profit$576.3M

Operating income$162.2M

Net income$139.3M

R&D—

SG&A—

D&A—

SBC—

Operating cash flow$300.6M

CapEx-$77.6M

Free cash flow$113.3M

Total assets$3.57B

Total liabilities$1.46B

Total equity$2.11B

Cash & equivalents$191.7M

Long-term debt$494.4M

Annual history (last 5)

PeriodRevenueOp IncomeNet IncomeFCF

FY0————

FY-1$3.69B$225.6M$191.7M$99.1M

FY-2$3.65B$173.8M$119.2M$139.6M

FY-3$3.62B$120.3M$97.8M$64.7M

FY-4$4.28B$213.5M$151.0M$168.1M

PeriodGross %Op %Net %FCF %

FY0————

FY-1————

FY-2————

FY-3————

FY-4————

PeriodAssetsEquityCashDebt

FY0————

FY-1$3.92B$2.06B$76.9M—

FY-2$3.66B$1.67B$30.7M—

FY-3$3.52B$1.65B——

FY-4$3.76B$1.47B——

PeriodOCFCapExFCFSBC

FY0————

FY-1$496.6M-$156.9M$99.1M—

FY-2$437.3M-$73.4M$139.6M—

FY-3$201.4M-$148.3M$64.7M—

FY-4$102.0M-$146.0M$168.1M—

Quarterly history (last 4)

PeriodRevenueOp IncomeNet IncomeFCF

FQ0$844.7M$22.3M$29.7M$48.0M

FQ-1$819.0M$37.4M$34.6M$48.6M

FQ-2$856.0M$52.2M$35.2M$61.2M

FQ-3$868.5M$50.3M$39.8M$71.7M

FQ-4$993.5M$38.1M$31.6M$32.2M

FQ-5$956.1M$66.6M$58.8M$79.3M

FQ-6$890.7M$69.7M$55.3M$27.1M

FQ-7$847.3M$51.2M$45.9M$60.7M

PeriodGross %Op %Net %FCF %

FQ0————

FQ-1————

FQ-2————

FQ-3————

FQ-4————

FQ-5————

FQ-6————

FQ-7————

PeriodAssetsEquityCashDebt

FQ0$3.57B$2.11B$191.7M—

FQ-1$3.46B$2.07B$186.6M—

FQ-2$3.52B$1.97B$52.7M—

FQ-3$3.87B$2.25B$59.8M—

FQ-4$3.92B$2.06B$76.9M—

FQ-5$3.81B$1.93B$90.2M—

FQ-6$3.55B$1.80B$48.7M—

FQ-7$3.61B$1.86B$54.3M—

PeriodOCFCapExFCFSBC

FQ0$300.6M-$77.6M$48.0M—

FQ-1$189.4M-$59.3M$48.6M—

FQ-2$170.6M-$30.4M$61.2M—

FQ-3-$3.8M-$13.1M$71.7M—

FQ-4$496.6M-$156.9M$32.2M—

FQ-5$318.8M-$124.2M$79.3M—

FQ-6$218.2M-$100.5M$27.1M—

FQ-7$59.6M-$29.4M$60.7M—

Valuation

Market price—

Market cap—

Enterprise value—

P/E—

Reported non-GAAP P/E—

EV/Revenue—

EV/Op income—

EV/OCF—

P/B—

P/Tangible book—

Tangible book$2.11B

Net cash-$302.6M

Current ratio2.4

Debt/Equity0.2

ROA3.9%

ROE6.6%

Cash conversion2.2%

CapEx/Revenue-2.3%

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

Metric2250Activity

Op margin4.8%3.3% medp25 2.6% · p75 3.5%top quartile

Net margin4.1%1.9% medp25 1.5% · p75 1.9%top quartile

Gross margin17.0%12.6% medp25 9.5% · p75 15.6%top quartile

R&D / revenue—3.2% medp25 2.3% · p75 4.1%

CapEx / revenue-2.3%2.4% medp25 2.4% · p75 2.4%bottom quartile

Debt / equity23.0%71.6% medp25 62.7% · p75 188.5%bottom quartile

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

2026-05-04 05:15 UTC#df3d9df7

Source: analysis-pipeline (hybrid)Generated: 2026-05-04 05:17 UTCJob: 4045c396