Ta Chia Yung Ho Machine Industry Co Ltd

The company maintains a relatively strong liquidity position, with a current ratio of 3.05, indicating that it holds more than three times as much in current assets as it does in current liabilities. However, its liquidity is assessed as medium risk, primarily due to a negative net cash position after subtracting total debt. The debt-to-equity ratio of 0.29 suggests a conservative capital structure, with equity significantly outweighing debt. Free cash flow of 11,049,000 TWD indicates the company generates positive cash from operations after capital expenditures.

Profitability metrics reveal a weak return on equity (ROE) of 0.24% and a return on assets (ROA) of 0.15%, both of which are below the typical thresholds for industrial machinery firms. The operating margin is 1.03% (3,027,000 TWD / 294,310,000 TWD), and the net profit margin is 0.82% (2,401,000 TWD / 294,310,000 TWD), both of which are low compared to industry benchmarks. Gross profit of 32,052,000 TWD represents a 10.89% margin, which is also below the median for the industrial machinery sector.

The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic fluctuations and sector-specific downturns. No material revenue is attributed to international markets, suggesting a heavy reliance on domestic demand.

The company's growth trajectory is modest, with no significant revenue growth reported in the latest period. Capital expenditures of -4,041,000 TWD suggest a reduction in investment in new machinery or facilities, which may signal a conservative approach to expansion. Analysts reported a last actual revenue of 1,217,592,000 TWD, which is lower than the company's reported revenue of 294,310,000 TWD, indicating a potential discrepancy or a shift in reporting periods.

Risk factors include a medium liquidity risk due to the negative net cash position after subtracting total debt. The dilution risk is assessed as low, with no near-term pressure from share issuance or convertible instruments. No recent events such as earnings calls, regulatory filings, or major business announcements were disclosed in the available data.

Net income surged 48.5% year-over-year, demonstrating strong profitability growth despite modest revenue expansion.

Cash conversion of 22.68% ranks best-in-class among 854 industrial machinery peers, indicating superior operational efficiency.

Operating income increased 35.3% year-over-year, highlighting significant improvement in core business profitability margins.

The company maintains a low debt-to-equity ratio of 0.29, providing a conservative capital structure with low leverage risk.

Four-year net income CAGR of 32.7% reflects consistent long-term earnings growth trajectory for investors.

Return on equity of 0.24% is drastically below the 3.56% peer median, signaling poor capital efficiency.

The company faces high credit risk, which could impair financial stability and increase borrowing costs.

Net margin of 0.82% remains well below the 4.94% industry median, limiting bottom-line profitability potential.

Revenue TWD 345.5M, −12,6% YoY; Operating income −12,9% YoY.

• ▍Revenue TWD 345.5M, −12,6% YoY
• ▍Operating income −12,9% YoY
• ▍Net income −12,7% YoY
• ▍Free cash flow −33,0% YoY
• ▍Net margin 7.3%

Revenue TWD 340.3M, −16,5% YoY; Operating income −42,6% YoY.

• ▍Revenue TWD 340.3M, −16,5% YoY
• ▍Operating income −42,6% YoY
• ▍Net income −29,5% YoY
• ▍Free cash flow −32,5% YoY
• ▍Net margin 7.1%

Revenue TWD 352.7M, +14,5% YoY; Operating income +47,5% YoY.

• ▍Revenue TWD 352.7M, +14,5% YoY
• ▍Operating income +47,5% YoY
• ▍Net income +4,2% YoY
• ▍Free cash flow −28,8% YoY
• ▍Net margin 5.9%

Revenue TWD 324.3M, +10,2% YoY; Operating income +1 015,6% YoY.

• ▍Revenue TWD 324.3M, +10,2% YoY
• ▍Operating income +1 015,6% YoY
• ▍Net income +1 043,5% YoY
• ▍Free cash flow +142,0% YoY
• ▍Net margin 8.5%

Revenue TWD 395.2M; Operating income TWD 33.2M.

• ▍Revenue TWD 395.2M
• ▍Operating income TWD 33.2M
• ▍Net margin 7.3%

Revenue TWD 407.3M; Operating income TWD 47.0M.

• ▍Revenue TWD 407.3M
• ▍Operating income TWD 47.0M
• ▍Net margin 8.5%

Revenue TWD 307.9M; Operating income TWD 31.7M.

• ▍Revenue TWD 307.9M
• ▍Operating income TWD 31.7M
• ▍Net margin 6.5%

Revenue TWD 294.3M; Operating income TWD 3.0M.

• ▍Revenue TWD 294.3M
• ▍Operating income TWD 3.0M
• ▍Net margin 0.8%

Revenue TWD 1.36B, −3,0% YoY; Operating income +18,7% YoY.

• ▍Revenue TWD 1.36B, −3,0% YoY
• ▍Operating income +18,7% YoY
• ▍Net income +14,1% YoY
• ▍Free cash flow −28,8% YoY
• ▍Net margin 7.2%

Revenue TWD 1.40B, −5,0% YoY; Operating income −16,6% YoY.

• ▍Revenue TWD 1.40B, −5,0% YoY
• ▍Operating income −16,6% YoY
• ▍Net income −1,1% YoY
• ▍Free cash flow +215,5% YoY
• ▍Net margin 6.1%

Revenue TWD 1.48B, −15,2% YoY; Operating income −60,2% YoY.

• ▍Revenue TWD 1.48B, −15,2% YoY
• ▍Operating income −60,2% YoY
• ▍Net income −67,7% YoY
• ▍Free cash flow −136,5% YoY
• ▍Net margin 5.9%