Iron Force Industrial Co Ltd

Iron Force Industrial Co Ltd maintains a strong liquidity position, with a current ratio of 3.06 and cash and equivalents amounting to TWD 1,486,755,000. The company's debt-to-equity ratio is 0.1, indicating a conservative capital structure with minimal reliance on debt financing.

Profitability metrics show a return on equity of 2.51% and a return on assets of 1.75%. These figures are below the industry median for ROE and ROA in the automobile components sector, suggesting that the company is underperforming in terms of capital efficiency and asset utilization.

The company's revenue is concentrated in the automobile components segment, with no disclosed geographic diversification. This concentration increases exposure to sector-specific risks, such as supply chain disruptions or shifts in automotive demand.

Looking ahead, Iron Force Industrial Co Ltd is projected to maintain stable revenue growth, with no significant changes expected in the next fiscal year. The company's operating cash flow of TWD 470,349,000 supports its capital expenditure of TWD -71,579,000, indicating a focus on maintaining rather than expanding operations.

The company's risk profile is characterized by low liquidity and dilution risks. No immediate filing-based liquidity or dilution flags were detected, and the dilution potential remains low. The company has not issued additional shares recently, and no dilutive events are currently anticipated.

Recent events include analyst estimates that suggest a mean price target of TWD 100.00, with a median and high price target also at TWD 100.00. Analyst recommendations are mixed, with one "buy" and three "hold" ratings, indicating a cautious outlook.

Operating and net margins exceed 9%, ranking above the 75th percentile of the auto parts cohort.

Cash conversion ratio of 4.19 is best-in-class, significantly outperforming the cohort median of 1.37.

Debt-to-equity ratio of 0.1 is well below the cohort median of 0.41, indicating low leverage.

Analysts project 20.8% upside to a consensus price target of 100.0 TWD from current levels.

The company faces low dilution, liquidity, and credit risks according to internal risk flag assessments.

Free cash flow turned negative at -304.6 million TWD in the latest period, reversing prior generation.

Four-year revenue CAGR is negative 4.2%, highlighting a persistent long-term decline in sales.

Revenue TWD 1.23B, −4,3% YoY.

• ▍Revenue TWD 1.23B, −4,3% YoY

Revenue TWD 1.19B, −4,3% YoY; Operating income −55,8% YoY.

• ▍Revenue TWD 1.19B, −4,3% YoY
• ▍Operating income −55,8% YoY
• ▍Net income −56,3% YoY
• ▍Free cash flow −65,6% YoY
• ▍Net margin 8.0%

Revenue TWD 1.25B, −8,1% YoY; Operating income −30,1% YoY.

• ▍Revenue TWD 1.25B, −8,1% YoY
• ▍Operating income −30,1% YoY
• ▍Net income −34,4% YoY
• ▍Free cash flow −34,1% YoY
• ▍Net margin 7.2%

Revenue TWD 1.23B, +2,4% YoY; Operating income +3,8% YoY.

• ▍Revenue TWD 1.23B, +2,4% YoY
• ▍Operating income +3,8% YoY
• ▍Net income −22,5% YoY
• ▍Free cash flow −6,7% YoY
• ▍Net margin 7.1%

Revenue TWD 1.28B; Operating income TWD 139.9M.

• ▍Revenue TWD 1.28B
• ▍Operating income TWD 139.9M
• ▍Net margin 11.4%

Revenue TWD 1.24B; Operating income TWD 181.4M.

• ▍Revenue TWD 1.24B
• ▍Operating income TWD 181.4M
• ▍Net margin 17.6%

Revenue TWD 1.36B; Operating income TWD 159.1M.

• ▍Revenue TWD 1.36B
• ▍Operating income TWD 159.1M
• ▍Net margin 10.0%

Revenue TWD 1.20B; Operating income TWD 118.0M.

• ▍Revenue TWD 1.20B
• ▍Operating income TWD 118.0M
• ▍Net margin 9.3%

Revenue TWD 4.95B, −1,7% YoY; Operating income −25,1% YoY.

• ▍Revenue TWD 4.95B, −1,7% YoY
• ▍Operating income −25,1% YoY
• ▍Net income −42,8% YoY
• ▍Free cash flow −173,2% YoY
• ▍Net margin 8.4%

Revenue TWD 5.04B, +3,0% YoY; Operating income −6,8% YoY.

• ▍Revenue TWD 5.04B, +3,0% YoY
• ▍Operating income −6,8% YoY
• ▍Net income +42,3% YoY
• ▍Free cash flow +90,5% YoY
• ▍Net margin 14.5%

Revenue TWD 4.89B, +11,9% YoY; Operating income +47,1% YoY.

• ▍Revenue TWD 4.89B, +11,9% YoY
• ▍Operating income +47,1% YoY
• ▍Net income +13,5% YoY
• ▍Free cash flow −41,0% YoY
• ▍Net margin 10.5%

Revenue TWD 4.37B, +18,9% YoY; Operating income +140,1% YoY.

• ▍Revenue TWD 4.37B, +18,9% YoY
• ▍Operating income +140,1% YoY
• ▍Net income +89,7% YoY
• ▍Free cash flow +75,2% YoY
• ▍Net margin 10.3%