Wisher Industrial Co Ltd

Wisher Industrial Co Ltd maintains a strong liquidity position, as evidenced by a current ratio of 2.93, indicating the company can cover its short-term liabilities nearly three times over. The company's liquidity_fpt score suggests a medium liquidity risk, with a debt-to-equity ratio of 0.02, which is significantly lower than the industry median, reflecting a conservative capital structure. The company's free cash flow of 44,048,000 TWD and operating cash flow of 72,048,000 TWD further support its ability to fund operations and invest in growth without relying heavily on external financing.

Profitability metrics for Wisher Industrial Co Ltd show a return on equity (ROE) of 2.29% and a return on assets (ROA) of 1.93%, both of which are below the industry median for the Textiles & Leather Goods sector. This suggests the company is underperforming in terms of generating returns relative to its equity and asset base. The operating income of -18,043,000 TWD indicates a loss in operations, which is a concern given the company's net income of 37,557,000 TWD, suggesting that non-operating income or gains are currently propping up profitability.

The company's revenue is concentrated in a single business segment, as disclosed in its financial statements, with no material geographic diversification reported. This lack of diversification increases exposure to regional economic fluctuations and supply chain disruptions. The absence of segment-specific revenue data limits the ability to assess the performance of individual product lines or geographic regions.

Looking ahead, the company's growth trajectory appears mixed. While the current fiscal year (FY) is expected to show a modest increase in revenue, the next FY outlook is uncertain, with no clear direction provided. The capital expenditure of -1,360,000 TWD suggests a reduction in investment in new projects or equipment, which could signal a strategic shift or financial constraints. The company's operating income loss may also indicate challenges in maintaining or expanding market share in a competitive industry.

Risk factors for Wisher Industrial Co Ltd include a medium liquidity risk and a low dilution risk. The company's liquidity risk is primarily due to a negative net cash position after accounting for total debt, which could limit its ability to respond to short-term financial obligations. The dilution risk is low, as the number of shares outstanding has not changed between basic and diluted shares, indicating no imminent threat from share issuance. The company has not disclosed any recent events or filings that would suggest a material change in its risk profile.

Recent events and filings for Wisher Industrial Co Ltd do not indicate any material changes in the company's operations or financial position. The company's latest actual EPS of 0.53 TWD and revenue of 2,571,241,000 TWD align with its reported financial performance, suggesting no significant deviations from analyst expectations. The absence of recent earnings calls or investor relations updates implies a stable but uneventful period for the company.

Debt-to-equity ratio of 0.02 is well below the 0.43 peer median, indicating a conservative capital structure.

Cash conversion ratio of 1.92 exceeds the 0.98 cohort median, suggesting efficient working capital management.

Dilution risk is assessed as low, providing relative stability for existing shareholders compared to higher-risk peers.

Return on invested capital is negative at -1.1%, indicating the company is destroying shareholder value.

Revenue TWD 494.9M, −15,0% YoY; Operating income −1 173,8% YoY.

• ▍Revenue TWD 494.9M, −15,0% YoY
• ▍Operating income −1 173,8% YoY
• ▍Net income +17,2% YoY
• ▍Free cash flow +202,2% YoY
• ▍Net margin 13.7%

Revenue TWD 357.6M, −27,7% YoY; Operating income −26,6% YoY.

• ▍Revenue TWD 357.6M, −27,7% YoY
• ▍Operating income −26,6% YoY
• ▍Net income −149,9% YoY
• ▍Free cash flow −256,7% YoY
• ▍Net margin -9.4%

Revenue TWD 582.4M, −4,8% YoY; Operating income −103,2% YoY.

• ▍Revenue TWD 582.4M, −4,8% YoY
• ▍Operating income −103,2% YoY
• ▍Net income −40,4% YoY
• ▍Free cash flow −230,6% YoY
• ▍Net margin 9.9%

Revenue TWD 611.7M, +38,5% YoY; Operating income +93,2% YoY.

• ▍Revenue TWD 611.7M, +38,5% YoY
• ▍Operating income +93,2% YoY
• ▍Net income +200,9% YoY
• ▍Free cash flow +114,5% YoY
• ▍Net margin 15.8%

Revenue TWD 441.5M; Operating income -TWD 30.9M.

• ▍Revenue TWD 441.5M
• ▍Operating income -TWD 30.9M
• ▍Net margin -21.7%