Userjoy Technology Co Ltd

Userjoy Technology Co Ltd maintains a relatively strong liquidity position, with a current ratio of 4.54, indicating the company can cover its short-term liabilities more than four times over. However, the company's free cash flow is negative at -279.27 million TWD, driven by a capital expenditure of -377.46 million TWD, which suggests ongoing investment in long-term assets. The company's cash and equivalents of 272.74 million TWD are partially offset by long-term debt of 387.22 million TWD, resulting in a net cash position that is negative.

In terms of profitability, Userjoy's return on equity (ROE) of 5.49% and return on assets (ROA) of 3.76% are below the typical thresholds for high-performing firms in the Toys & Children's Products industry. The company's net income of 88.75 million TWD on revenue of 381.51 million TWD yields a net margin of 23.26%, which is strong but must be compared to industry medians to assess relative performance.

Userjoy's revenue is concentrated in a single business segment, as disclosed in its financials, with no geographic breakdown provided in the available data. This lack of geographic diversification may expose the company to regional economic or regulatory risks.

The company's growth trajectory is not explicitly outlined in the available data, but its operating income of 74.05 million TWD and gross profit of 374.18 million TWD suggest stable operations. The absence of forward-looking guidance or revenue history beyond the latest period limits the ability to assess long-term growth potential.

Risk factors include a medium liquidity risk due to the negative free cash flow and a debt-to-equity ratio of 0.24, which is relatively low but could increase if capital expenditures continue at current levels. The risk of dilution is assessed as low, with no significant dilution sources identified in the available data.

Recent events include the disclosure of a last actual EPS of 1.96 TWD, according to analyst estimates, which provides a baseline for earnings performance. No recent filings or transcripts are available to provide additional context on strategic initiatives or operational changes.

Long-term debt decreased significantly from TWD 11.1 million in 2022 to TWD 8.4 million in 2024.

The company faces low dilution risk and low credit risk according to current risk flag assessments.

Revenue stabilized with a 2.1% year-over-year increase in the latest fiscal period compared to the prior year.

Free cash flow turned negative at TWD -243.7 million in FY2025, a sharp reversal from positive prior years.

Long-term debt surged to TWD 380.9 million in FY2025, up from just TWD 8.4 million in FY2024.

Revenue declined at a 4.3% compound annual growth rate over the last four fiscal years.

Revenue TWD 338.1M, +6,8% YoY; Operating income −124,2% YoY.

• ▍Revenue TWD 338.1M, +6,8% YoY
• ▍Operating income −124,2% YoY
• ▍Net income −91,0% YoY
• ▍Free cash flow −79,7% YoY
• ▍Net margin 0.9%

Revenue TWD 284.5M, −10,1% YoY; Operating income −54,0% YoY.

• ▍Revenue TWD 284.5M, −10,1% YoY
• ▍Operating income −54,0% YoY
• ▍Net income −147,1% YoY
• ▍Free cash flow −121,2% YoY
• ▍Net margin -9.9%

Revenue TWD 346.0M, −9,3% YoY; Operating income −35,4% YoY.

• ▍Revenue TWD 346.0M, −9,3% YoY
• ▍Operating income −35,4% YoY
• ▍Net income −40,5% YoY
• ▍Free cash flow +124,1% YoY
• ▍Net margin 15.3%

Revenue TWD 379.4M; Operating income TWD 101.2M.

• ▍Revenue TWD 379.4M
• ▍Operating income TWD 101.2M
• ▍Net margin 29.4%

Revenue TWD 316.6M; Operating income TWD 40.4M.

• ▍Revenue TWD 316.6M
• ▍Operating income TWD 40.4M
• ▍Net margin 10.8%

Revenue TWD 316.3M; Operating income TWD 43.9M.

• ▍Revenue TWD 316.3M
• ▍Operating income TWD 43.9M
• ▍Net margin 18.9%

Revenue TWD 381.5M; Operating income TWD 74.1M.

• ▍Revenue TWD 381.5M
• ▍Operating income TWD 74.1M
• ▍Net margin 23.3%

Revenue TWD 1.39B, +1,9% YoY; Operating income +20,3% YoY.

• ▍Revenue TWD 1.39B, +1,9% YoY
• ▍Operating income +20,3% YoY
• ▍Net income +37,2% YoY
• ▍Free cash flow −2 494,1% YoY
• ▍Net margin 21.1%

Revenue TWD 1.37B, −13,7% YoY; Operating income −32,3% YoY.

• ▍Revenue TWD 1.37B, −13,7% YoY
• ▍Operating income −32,3% YoY
• ▍Net income −33,7% YoY
• ▍Free cash flow −90,7% YoY
• ▍Net margin 15.7%

Revenue TWD 1.58B, −6,8% YoY; Operating income −7,9% YoY.

• ▍Revenue TWD 1.58B, −6,8% YoY
• ▍Operating income −7,9% YoY
• ▍Net income +11,7% YoY
• ▍Free cash flow +4,2% YoY
• ▍Net margin 20.4%

Revenue TWD 1.70B; Operating income TWD 346.1M.

• ▍Revenue TWD 1.70B
• ▍Operating income TWD 346.1M
• ▍Net margin 17.1%