Companies ›Consumer Cyclicals ›9949.TWO

9949.TWO — TPEx Home Furnishings

Tittot Co Ltd

$24,25

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Mcap

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P/E

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EV / Rev

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Div yield

9,07 %

Op margin

-14,7 %

ROE

-1,2 %

Net margin

-10,7 %

Debt / equity

0,05

Beta

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52w range

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Volume

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Day range

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Prev close

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Open

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Next earnings

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Ex-dividend

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TR 1Y

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About

Tittot Co Ltd is a manufacturer and distributor of home furnishings, primarily generating revenue through the sale of furniture and related household products.

Business. Tittot Co Ltd (9949.TWO) is a home furnishings company listed on the Taiwan Premium Exchange (TPEx). The firm operates within the Cyclical Consumer Products sector, focusing on the design and sale of home furnishing products. Specific details regarding operating segments, headquarters location, and geographic revenue mix are not available in the provided data. Consequently, the company is described at the industry level as a participant in the home furnishings market.

Classification92 %

SectorConsumer Cyclicals

Business sectorCyclical Consumer Products

IndustryHome Furnishings

Generated · model-assisted

Sell-side consensus

—consensus pending

— buy— hold— sell

Avg 12m price target—

Upcoming events

— missing data

See all catalysts →

At a glance

Score

—

not yet scored

Valuation

—

valuation pending

Analysts

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not yet wired

Ownership

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not yet wired

Profitability→

-1,2 %

return on equity

Quality

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not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

No recent newsroom coverage mentioning 9949.

Sector rotation

Sector1D1Mvs mkt

Materials+2,3 %+6,6 %+1,7 %

Communication Services+2,2 %−5,5 %+1,6 %

Energy+0,6 %+3,3 %+0,0 %

Health Care+0,6 %−0,8 %+0,0 %

Information Technology+0,6 %+6,7 %+0,0 %

Consumer Discretionary · THIS SECTOR+0,4 %+7,6 %−0,2 %

Financials−0,3 %−2,8 %−0,9 %

Consumer Staples−0,4 %+2,5 %−1,0 %

Real Estate−0,7 %+10,9 %−1,3 %

Industrials−1,9 %−3,1 %−2,5 %

Utilities−1,9 %+28,2 %−2,5 %

Developing storylines

No tracked sagas currently linked to 9949.TWO. Browse all sagas →

Analysis

AI analysis

Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

Opportunity

— missing data

Upcoming catalysts

Scheduled public events. Informational only — not investment advice.

Macro
Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
Macro & political
ElectionSE Swedish Election2026-09-14 · SE
ElectionUS U.S. Midterms2026-11-03 · US
ElectionFR French Legislative2027-06-01 · FR

Pre-earnings brief

— missing data

Signals & dispatch

peak dispatch · —

Composite-score breakdown

Synthesis

Business

Tittot Co Ltd (9949.TWO) is a home furnishings company listed on the Taiwan Premium Exchange (TPEx). The firm operates within the Cyclical Consumer Products sector, focusing on the design and sale of home furnishing products. Specific details regarding operating segments, headquarters location, and geographic revenue mix are not available in the provided data. Consequently, the company is described at the industry level as a participant in the home furnishings market.

Classification92 %

SectorConsumer Cyclicals

Business sectorCyclical Consumer Products

IndustryHome Furnishings

AI synthesis

GENERATED

Tittot's capital structure is characterized by a low debt-to-equity ratio of 0.05, indicating a conservative leverage profile. The company maintains a strong liquidity position with a current ratio of 4.58, supported by cash and equivalents of TWD 42.92 million. However, free cash flow is negative at TWD -1.86 million, reflecting capital expenditure and operational cash outflows.

Profitability metrics show a challenging performance, with a return on equity of -1.23% and a return on assets of -1.03%. These figures fall below the industry median for home furnishings, which typically reports positive ROE and ROA in the 5-10% range. The company reported a net loss of TWD 4.56 million, driven by an operating loss of TWD 6.29 million.

Tittot's revenue is concentrated in a single business segment focused on home furnishings, with no disclosed geographic diversification in the latest financials. This lack of segmentation data limits visibility into regional exposure and potential concentration risks.

The company's growth trajectory is uncertain, with no disclosed revenue growth or decline in the latest period. Historical revenue data is not provided, but the current operating loss suggests a potential contraction in earnings power. No material capital expenditures are planned, with capex at TWD -86,000.

Risk factors include a low liquidity risk score and no immediate dilution pressure, as shares outstanding remain unchanged between basic and diluted shares. No recent filings or transcripts disclose material events, suggesting a stable but unremarkable operational environment.

Key takeaways

Tittot maintains a conservative capital structure with low leverage and strong liquidity.
The company is currently unprofitable, with negative returns on equity and assets.
Revenue concentration in a single segment and lack of geographic diversification increase operational risk.
No immediate dilution or liquidity risks are present, but earnings performance remains a concern.

Bull / Bear case

Generated · model-assisted

BULL CASE · 5

Free cash flow surged 620.3% year-over-year to TWD 237.6 million, demonstrating significant operational cash generation improvement.

Operating income jumped 508.3% year-over-year to TWD 284.2 million, indicating a strong recovery in core business profitability.

The company maintains a low debt-to-equity ratio of 0.05, suggesting a conservative capital structure with minimal leverage risk.

Dilution and liquidity risks are assessed as low, providing a stable shareholder base and adequate market trading conditions.

Gross profit increased to TWD 128.6 million in the most recent period, reflecting improved top-line efficiency before operating expenses.

BEAR CASE · 2

The company faces high credit risk, which could impair asset quality and increase potential losses on receivables or investments.

Cash conversion ratio is -0.87, ranking in the bottom quartile and suggesting poor ability to turn earnings into cash.

In focus — financials by report

Annual

ANNUALFiled 2023-03-17

FY 2023 · Full-year highlights

Revenue TWD 211.9M, +4,0% YoY; Operating income +7,0% YoY.

RevenueTWD 211.9M+4,0 % YoY

Operating income-TWD 34.6M+7,0 % YoY

Net income-TWD 35.2M−4,7 % YoY

Free cash flow-TWD 23.4M+0,1 % YoY

EPS—

Operating cash flowTWD 2.9M+113,1 % YoY

Financials

Income statement

RevenueTWD 211.9M

Gross profitTWD 118.0M

Operating income-TWD 34.6M

Net income-TWD 35.2M

Margins

Gross margin55.7%

Operating margin-16.3%

Net margin-16.6%

FCF margin-11.0%

Balance sheet

Total assetsTWD 472.0M

Total liabilitiesTWD 67.5M

Total equityTWD 404.5M

Cash & equivalentsTWD 32.2M

Long-term debtTWD 22.7M

Cash flow

Operating cash flowTWD 2.9M

CapEx-TWD 1.0M

Free cash flow-TWD 23.4M

SBC—

P&L flow · revenue → net income

Highlights

▍Revenue TWD 211.9M, +4,0% YoY
▍Operating income +7,0% YoY
▍Net income −4,7% YoY
▍Free cash flow +0,1% YoY
▍Net margin -16.6%

Valuation FY

Market price

$24,25

Market cap

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Enterprise valueⓘ

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P/Eⓘ

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Non-GAAP P/Eⓘ

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EV / Revenueⓘ

—

EV / Op incomeⓘ

—

EV / OCFⓘ

—

P / Bⓘ

—

P / Tangible bookⓘ

—

Tangible book

$369.4M

Net cashⓘ

$26.2M

Current ratioⓘ

4.6

Debt / equityⓘ

0.1

ROAⓘ

-1.0%

ROEⓘ

-1.2%

Cash conversionⓘ

-87.0%

CapEx / revenueⓘ

-0.2%

SBC / revenueⓘ

—

Dilution ratioⓘ

0.0%

Revenue by segment

Business relationships

— missing data

Supply chain

— missing data

Peer comparison

— missing data

Market position

Stress test

— missing data

Predictor forecast

Options

— missing data

Short squeeze

— missing data

Earnings-call key lines

— missing data

Estimate revisions

consensus EPS · 26-week trend

— missing data

Sell-side observations

— missing data

Themes

— missing data

ESG

— missing data

Risk factors

Dilution riskLow

Liquidity riskLow

Filing-based flags

No immediate filing-based liquidity or dilution flags were detected.

Benchmarks vs cohort

Op Margin-14,7 %Bottom quartile

Net Margin-10,7 %Bottom quartile

ROE-1,2 %Bottom quartile

Capex / Rev-0,2 %Above P75

D/E0,05Above P75

Cash Conv-0,87Bottom quartile

Corporate actions / M&A

— missing data

FX exposure

— missing data

Comparable transactions

— missing data

Derivatives & instruments

— missing data

Actions

Set alert Open in charts

Ask Handelsavisen

— missing data

Data sources

Market data
Market data cache
Issuer disclosures
Public news
Earnings transcripts
Consensus estimates
ESG data

How metrics are computed

Dilution Ratio
(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
Net Cash
cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
Capex To Revenue
capital_expenditure / revenue
Return On Equity
net_income / total_equity
Debt To Equity
(short_term_debt + long_term_debt) / total_equity
Cash Conversion Ratio
operating_cash_flow / net_income

Source documents

Tittot Co Ltd Market data — financials · 2026-05-27

Ownership & reference

Leadership

Yongshan WangChairman of the Board, Chief Executive Officer

Insider activity

— missing data

Short positioning

— missing data

Geographic breakdown

— missing data

Listings · one canonical issuer all listings resolve to the canonical

9949.TWOCanonical

TPEx · USD

Intel & risk

peak dispatch · —

OSINT findings

Dilution riskLow

Liquidity riskLow

No immediate filing-based liquidity or dilution flags were detected.

Evidence & claims

From filings & derived data

— missing data

The Thread

Everything we know, in order

2023-03-17 15:44 UTCEARNINGSAnnual results — FY 2023 Revenue TWD 211.9M · Net TWD -35.2M

The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.

Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage

At a glance

What drives this business

News & coverage

Sector rotation

Developing storylines

Analysis

Opportunity

Upcoming catalysts

Pre-earnings brief

Signals & dispatch

Composite-score breakdown

Synthesis

Bull / Bear case

In focus — financials by report

Valuation FY

Revenue by segment

Market share

Business relationships

Supply chain

Peer comparison

Market position

Stress test

Predictor forecast

Options

Short squeeze

Earnings-call key lines

Estimate revisions

Sell-side observations

Themes

ESG

Risk factors

Benchmarks vs cohort

Corporate actions / M&A

FX exposure

Comparable transactions

Derivatives & instruments

Actions

Ask Handelsavisen

Ownership & reference

Leadership

Insider activity

Short positioning

Geographic breakdown

Intel & risk

Evidence & claims

The Thread