2948$38.0056

Bausen Inc

Home FurnishingsVerified

Score breakdown

Valuation+38Profitability+32Sentiment+30Risk penalty-3

Quality breakdown

Key fields100Profile38Conclusion96AI synthesis40Observations3

Bausen Inc has a market capitalization of TWD 1.18 billion and a price-to-earnings ratio of 17.73, indicating a moderate valuation relative to earnings. The company's price-to-book ratio of 1.14 suggests that the market values the company slightly above its book value. The enterprise value to EBITDA ratio of 17.78 and enterprise value to revenue ratio of 1.03 reflect a relatively high valuation in terms of revenue and operating performance [doc:HA-latest]. In terms of profitability, Bausen Inc reports a return on equity of 6.4% and a return on assets of 2.79%. These figures are below the industry median for return on equity and return on assets, indicating that the company is underperforming its peers in terms of capital efficiency and asset utilization [doc:HA-latest]. The company's revenue is concentrated in two primary markets: Taiwan and the United States. According to the financial snapshot, there is no detailed breakdown of revenue by segment or geography, but the company's primary markets are disclosed. This concentration may expose the company to regional economic fluctuations and regulatory changes in these markets [doc:HA-latest]. Looking ahead, Bausen Inc is projected to experience a modest growth trajectory. The company's revenue is expected to grow in the current fiscal year, but the exact percentage is not disclosed. The company's capital expenditure is minimal, with a negative value of TWD 2.49 million, suggesting a focus on maintaining rather than expanding its current operations [doc:HA-latest]. The company's risk assessment indicates a medium liquidity risk and a low dilution risk. The key flag of negative net cash after subtracting total debt suggests that the company may face liquidity challenges if cash flow from operations does not meet expectations. However, the low dilution risk indicates that the company is not expected to issue additional shares in the near term, which is a positive sign for existing shareholders [doc:HA-latest]. Recent events and filings do not provide specific details on the company's strategic initiatives or operational changes. The company's financial statements and disclosures are consistent with its current business model, but there is no indication of significant new developments or risks that have been recently disclosed [doc:HA-latest].

Profile

CompanyBausen Inc

Ticker2948.TWO

SectorConsumer Cyclicals

BusinessCyclical Consumer Products

Industry groupCyclical Consumer Products

IndustryHome Furnishings

AI analysis

Business. Bausen Inc is a Taiwan-based company engaged in the sale of wood furniture, including wooden floors, floor assembly parts, and wooden cabinets for home and commercial interior decoration, primarily in Taiwan and the United States [doc:HA-latest].

Classification. Bausen Inc is classified under the Consumer Cyclicals economic sector, Cyclical Consumer Products business sector, and Home Furnishings industry, with a classification confidence of 0.92 [doc:verified market data].

Key takeaways

Bausen Inc is moderately valued with a price-to-earnings ratio of 17.73 and a price-to-book ratio of 1.14.
The company's return on equity of 6.4% and return on assets of 2.79% are below industry medians, indicating underperformance in capital efficiency.
Revenue is concentrated in Taiwan and the United States, exposing the company to regional economic and regulatory risks.
The company has a low dilution risk and a medium liquidity risk, with a key flag of negative net cash after subtracting total debt.
Bausen Inc is expected to maintain a modest growth trajectory with minimal capital expenditure.
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Financial snapshot

PeriodHA-latest

CurrencyTWD

Revenue$2.14B

Gross profit$909.2M

Operating income$123.6M

Net income$66.4M

R&D—

SG&A—

D&A—

SBC—

Operating cash flow$175.8M

CapEx-$2.5M

Free cash flow$154.7M

Total assets$2.38B

Total liabilities$1.35B

Total equity$1.04B

Cash & equivalents—

Long-term debt$1.02B

Annual history (last 5)

PeriodRevenueOp IncomeNet IncomeFCF

FY0$2.14B$123.6M$66.4M$154.7M

FY-1$2.10B$122.8M$65.6M$146.6M

FY-2$2.19B$181.5M$106.6M$150.5M

FY-3$2.27B$178.0M$146.7M$225.0M

FY-4$2.00B$214.3M$154.3M$203.2M

PeriodGross %Op %Net %FCF %

FY0————

FY-1————

FY-2————

FY-3————

FY-4————

PeriodAssetsEquityCashDebt

FY0$2.38B$1.04B——

FY-1$2.33B$1.06B——

FY-2$2.25B$1.01B——

FY-3$1.65B$735.6M——

FY-4$1.19B$518.7M——

PeriodOCFCapExFCFSBC

FY0$175.8M-$2.5M$154.7M—

FY-1-$139.3M-$10.2M$146.6M—

FY-2$83.9M-$19.4M$150.5M—

FY-3$24.2M-$12.9M$225.0M—

FY-4-$29.0M-$14.5M$203.2M—

Quarterly history (last 4)

PeriodRevenueOp IncomeNet IncomeFCF

FQ0$512.1M$46.2M$16.3M$51.2M

FQ-1$543.2M$19.0M$20.3M$48.9M

FQ-2$561.9M$26.3M$17.9M$56.9M

FQ-3$523.4M$32.1M$11.8M$52.3M

FQ-4$534.9M$12.6M$18.1M$57.3M

FQ-5$543.8M$26.9M$11.0M$52.2M

FQ-6$526.1M$43.5M$17.6M$53.2M

FQ-7$497.2M$39.8M$18.9M$56.7M

PeriodGross %Op %Net %FCF %

FQ0————

FQ-1————

FQ-2————

FQ-3————

FQ-4————

FQ-5————

FQ-6————

FQ-7————

PeriodAssetsEquityCashDebt

FQ0$2.38B$1.04B——

FQ-1$2.19B$993.6M——

FQ-2$2.05B$932.7M——

FQ-3$2.37B$1.09B——

FQ-4$2.33B$1.06B——

FQ-5$2.21B$1.01B——

FQ-6$2.27B$1.03B——

FQ-7$2.25B$1.07B——

PeriodOCFCapExFCFSBC

FQ0$175.8M-$2.5M$51.2M—

FQ-1$226.1M-$1.6M$48.9M—

FQ-2$248.3M$0.00$56.9M—

FQ-3$10.8M$0.00$52.3M—

FQ-4-$139.3M-$10.2M$57.3M—

FQ-5-$43.1M-$8.1M$52.2M—

FQ-6-$112.0M-$8.2M$53.2M—

FQ-7-$99.7M-$2.5M$56.7M—

Valuation

Market price$38.00

Market cap$1.18B

Enterprise value$2.20B

P/E17.7

Reported non-GAAP P/E—

EV/Revenue1.0

EV/Op income17.8

EV/OCF12.5

P/B1.1

P/Tangible book1.1

Tangible book$1.04B

Net cash-$1.02B

Current ratio2.0

Debt/Equity1.0

ROA2.8%

ROE6.4%

Cash conversion2.6%

CapEx/Revenue-0.1%

SBC/Revenue—

Asset intensity—

Dilution ratio0.0%

Risk assessment

Dilution riskLow

Liquidity riskMedium

Net cash is negative after subtracting total debt.

Industry benchmarks

Activity: Home Furnishings · cohort 2 companies

Metric2948Activity

Op margin5.8%7.3% medp25 5.9% · p75 8.7%bottom quartile

Net margin3.1%4.3% medp25 3.9% · p75 4.7%bottom quartile

Gross margin42.5%33.2% medp25 28.5% · p75 37.9%top quartile

R&D / revenue—0.4% medp25 0.4% · p75 0.4%

CapEx / revenue-0.1%3.2% medp25 2.7% · p75 3.6%bottom quartile

Debt / equity98.0%84.0% medp25 52.4% · p75 115.6%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

2026-05-03 08:21 UTC#b6e17ccc

Market quoteclose TWD 38.00 · shares 0.03B diluted

no public URL

2026-05-03 08:21 UTC#52cb1419

Source: analysis-pipeline (hybrid)Generated: 2026-05-03 08:23 UTCJob: e223b595