Rodex Fasteners Corp

Rodex Fasteners Corp maintains a capital structure with a debt-to-equity ratio of 0.65, indicating a moderate reliance on debt financing. The company holds cash and equivalents of TWD 644.87 million, but its long-term debt of TWD 910.71 million results in a net cash position that is negative after subtracting total debt. The liquidity risk is rated as medium, and the current ratio of 1.81 suggests the company can cover its short-term liabilities with its current assets.

Profitability metrics show a return on equity (ROE) of 3.31% and a return on assets (ROA) of 1.82%, both below the industry median for industrial machinery firms. The company's gross profit of TWD 47.75 million and operating income of TWD 4.12 million indicate a narrow margin structure, which may limit its ability to absorb cost increases or price pressures. The price-to-earnings (P/E) ratio of 32.36 is elevated relative to the industry, suggesting the market may be pricing in future growth or is compensating for current low returns.

Geographically, Rodex Fasteners Corp's revenue is concentrated in its domestic market, with no disclosed international segments. The company's exposure to a single geographic region increases its vulnerability to local economic downturns or regulatory changes. No material revenue is attributed to specific product lines or customer segments, and the company does not disclose segment-level financials in its latest filings.

The company's growth trajectory is mixed. Revenue in the latest period was TWD 343.39 million, compared to an analyst-estimated revenue of TWD 2,419.48 million, suggesting a significant discrepancy or a potential misalignment in reporting periods. The free cash flow of TWD 50.71 million indicates the company is generating positive cash from operations after capital expenditures, but the operating cash flow of TWD -9.75 million suggests challenges in converting sales into cash.

Risk factors include a medium liquidity risk due to the negative net cash position and a low dilution risk, as the company has not issued additional shares recently. The risk assessment also flags the negative net cash position as a key concern, which could limit the company's flexibility in capital allocation or response to market pressures. No dilution sources are identified in the latest filings, and the dilution near-term probability is assessed as low.

Recent events include the release of the latest financial snapshot, which shows a net income of TWD 46.38 million. The company has not disclosed any material events in its recent filings, and no earnings call transcripts or regulatory filings have been identified that would suggest significant operational or strategic changes in the near term.

The company achieved a 15.5% revenue CAGR over four years, indicating consistent top-line growth momentum.

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

The company carries a high credit risk flag, indicating significant potential for financial distress or default.

Debt-to-equity ratio of 0.65 places the company in the bottom quartile of its peer cohort.

Cash conversion ratio of -0.21 ranks in the bottom quartile, highlighting poor cash generation efficiency.

Revenue TWD 312.9M, −27,6% YoY; Operating income −92,2% YoY.

• ▍Revenue TWD 312.9M, −27,6% YoY
• ▍Operating income −92,2% YoY
• ▍Net income −67,9% YoY
• ▍Free cash flow −65,5% YoY
• ▍Net margin 7.9%

Revenue TWD 357.5M, −13,9% YoY; Operating income −92,2% YoY.

• ▍Revenue TWD 357.5M, −13,9% YoY
• ▍Operating income −92,2% YoY
• ▍Net income +540,2% YoY
• ▍Free cash flow +894,6% YoY
• ▍Net margin 8.9%

Revenue TWD 409.8M, +10,6% YoY; Operating income +14,9% YoY.

• ▍Revenue TWD 409.8M, +10,6% YoY
• ▍Operating income +14,9% YoY
• ▍Net income −329,0% YoY
• ▍Free cash flow −298,0% YoY
• ▍Net margin -20.2%

Revenue TWD 403.2M, +17,4% YoY; Operating income +4 776,7% YoY.

• ▍Revenue TWD 403.2M, +17,4% YoY
• ▍Operating income +4 776,7% YoY
• ▍Net income −36,3% YoY
• ▍Free cash flow −40,0% YoY
• ▍Net margin 7.3%

Revenue TWD 431.9M; Operating income TWD 46.9M.

• ▍Revenue TWD 431.9M
• ▍Operating income TWD 46.9M
• ▍Net margin 17.9%

Revenue TWD 415.5M; Operating income TWD 32.6M.

• ▍Revenue TWD 415.5M
• ▍Operating income TWD 32.6M
• ▍Net margin -1.7%

Revenue TWD 370.5M; Operating income TWD 20.7M.

• ▍Revenue TWD 370.5M
• ▍Operating income TWD 20.7M
• ▍Net margin 9.8%

Revenue TWD 343.4M; Operating income TWD 412.0k.

• ▍Revenue TWD 343.4M
• ▍Operating income TWD 412.0k
• ▍Net margin 13.5%

Revenue TWD 1.48B, −5,0% YoY; Operating income −50,2% YoY.

• ▍Revenue TWD 1.48B, −5,0% YoY
• ▍Operating income −50,2% YoY
• ▍Net income −97,8% YoY
• ▍Free cash flow −575,5% YoY
• ▍Net margin 0.2%

Revenue TWD 1.56B, +1,7% YoY; Operating income −0,9% YoY.

• ▍Revenue TWD 1.56B, +1,7% YoY
• ▍Operating income −0,9% YoY
• ▍Net income +87,3% YoY
• ▍Free cash flow +93,9% YoY
• ▍Net margin 9.8%

Revenue TWD 1.54B, −43,8% YoY; Operating income −83,5% YoY.

• ▍Revenue TWD 1.54B, −43,8% YoY
• ▍Operating income −83,5% YoY
• ▍Net income −85,8% YoY
• ▍Free cash flow −183,7% YoY
• ▍Net margin 5.3%