Chailease Holding Company Ltd

Chailease Holding maintains a capital structure characterized by high leverage, with long-term debt of TWD 682.5 billion against total equity of TWD 182.4 billion, resulting in a debt-to-equity ratio of 3.74. The company holds TWD 0.9 billion in cash and equivalents, leading to a negative net cash position after debt subtraction, which is flagged as a key risk. Liquidity is assessed as medium, supported by a current ratio of 1.12, indicating adequate short-term coverage of liabilities. The market capitalization stands at TWD 197.7 billion, with a price-to-book ratio of 1.08, suggesting the market values the company close to its tangible book value.

Profitability metrics show a return on equity (ROE) of 10.89% and a return on assets (ROA) of 2.04%. The company generated TWD 97.6 billion in revenue and TWD 19.8 billion in net income, yielding an operating margin of approximately 27.9%. While specific cohort median comparisons are absent from the input data, the ROE indicates a moderate return on shareholder capital for a financial institution. The gross profit of TWD 64.3 billion underscores the core profitability of its leasing operations before operating expenses.

Segment and geographic revenue breakdowns are not provided in the available data, preventing a detailed analysis of revenue concentration or regional exposure. The company’s activity is broadly classified as unclassified within the Financial Services industry, limiting granular insight into specific business lines or customer segments.

Growth trajectory analysis is constrained by the absence of historical period data in the input. Without five-year annual or eight-quarter quarterly trends, it is not possible to assess revenue or net income momentum, year-over-year growth rates, or cyclicality patterns. The current financial snapshot provides a static view of performance without temporal context.

Risk assessment highlights medium liquidity risk and low dilution risk. The primary financial risk stems from the high debt load and negative net cash position, which could constrain financial flexibility in adverse economic conditions. The low dilution risk suggests that share count stability is maintained, with basic and diluted shares outstanding both at 1.71 billion.

Recent observations indicate analyst consensus with a mean price target of TWD 129.38 and a median target of TWD 130.00, implying potential upside from the current market price of TWD 115.50. The mean recommendation is 2.00, with three strong buys, five buys, and three holds, reflecting a generally positive sentiment among analysts. No specific filing, news, or transcript events are detailed in the input data.

Operating and net margins are best-in-class, significantly exceeding cohort medians of 7.5% and 5.3% respectively.

Analysts project 18.7% upside to a mean price target of TWD 129.37, reflecting a buy recommendation.

Return on equity of 10.9% outperforms the cohort median of 7.9%, indicating superior capital efficiency.

Revenue grew at a 7.8% CAGR over four years, demonstrating consistent top-line expansion despite recent volatility.

Capex intensity is above the 75th percentile, suggesting efficient capital deployment relative to peers.

Debt-to-equity ratio of 3.74 is in the bottom quartile, indicating significantly higher leverage than peers.

The company faces high credit risk, posing a significant threat to asset quality and future earnings.

Revenue contracted 4.6% year-over-year in the latest period, reversing previous growth momentum.

Cash conversion of 1.02 is below the cohort median of 1.2, indicating less efficient cash generation.

Revenue TWD 24.00B, −2,9% YoY; Operating income +9,6% YoY.

• ▍Revenue TWD 24.00B, −2,9% YoY
• ▍Operating income +9,6% YoY
• ▍Net income +1,2% YoY
• ▍Free cash flow +10,1% YoY
• ▍Net margin 23.2%

Revenue TWD 24.15B, −4,6% YoY; Operating income +22,0% YoY.

• ▍Revenue TWD 24.15B, −4,6% YoY
• ▍Operating income +22,0% YoY
• ▍Net income +14,2% YoY
• ▍Free cash flow −2,5% YoY
• ▍Net margin 19.8%

Revenue TWD 24.14B, −8,0% YoY; Operating income −20,4% YoY.

• ▍Revenue TWD 24.14B, −8,0% YoY
• ▍Operating income −20,4% YoY
• ▍Net income −26,6% YoY
• ▍Free cash flow −8,7% YoY
• ▍Net margin 18.8%

Revenue TWD 24.57B, −4,5% YoY; Operating income −14,9% YoY.

• ▍Revenue TWD 24.57B, −4,5% YoY
• ▍Operating income −14,9% YoY
• ▍Net income −22,1% YoY
• ▍Free cash flow −8,0% YoY
• ▍Net margin 20.3%

Revenue TWD 24.71B; Operating income TWD 6.77B.

• ▍Revenue TWD 24.71B
• ▍Operating income TWD 6.77B
• ▍Net margin 22.3%

Revenue TWD 25.31B; Operating income TWD 5.78B.

• ▍Revenue TWD 25.31B
• ▍Operating income TWD 5.78B
• ▍Net margin 16.5%

Revenue TWD 26.23B; Operating income TWD 8.13B.

• ▍Revenue TWD 26.23B
• ▍Operating income TWD 8.13B
• ▍Net margin 23.6%

Revenue TWD 25.74B; Operating income TWD 8.12B.

• ▍Revenue TWD 25.74B
• ▍Operating income TWD 8.12B
• ▍Net margin 24.9%

Revenue TWD 97.57B, −4,6% YoY; Operating income −9,2% YoY.

• ▍Revenue TWD 97.57B, −4,6% YoY
• ▍Operating income −9,2% YoY
• ▍Net income −12,3% YoY
• ▍Free cash flow −8,4% YoY
• ▍Net margin 20.3%

Revenue TWD 102.29B, +4,9% YoY; Operating income −9,0% YoY.

• ▍Revenue TWD 102.29B, +4,9% YoY
• ▍Operating income −9,0% YoY
• ▍Net income −9,8% YoY
• ▍Free cash flow −6,6% YoY
• ▍Net margin 22.1%

Revenue TWD 97.53B, +12,6% YoY; Operating income −10,9% YoY.

• ▍Revenue TWD 97.53B, +12,6% YoY
• ▍Operating income −10,9% YoY
• ▍Net income −8,0% YoY
• ▍Free cash flow −14,4% YoY
• ▍Net margin 25.7%

Revenue TWD 86.61B, +20,0% YoY; Operating income +10,4% YoY.

• ▍Revenue TWD 86.61B, +20,0% YoY
• ▍Operating income +10,4% YoY
• ▍Net income +25,8% YoY
• ▍Free cash flow +24,3% YoY
• ▍Net margin 31.4%