Choice Development Inc

Choice Development Inc's capital structure is characterized by a debt-to-equity ratio of 1.24, indicating a moderate reliance on debt financing. The company's liquidity position is assessed as medium, with a current ratio of 1.55 and cash and equivalents of 60.1 million TWD. However, the company's net cash position is negative after subtracting total debt, signaling potential liquidity constraints.

Profitability metrics reveal a challenging financial position. The company reported a net loss of 8.95 million TWD and an operating loss of 9.52 million TWD. Return on equity and return on assets are negative at -1.1% and -0.43%, respectively, indicating poor capital efficiency and operational performance relative to industry norms.

Geographically and segment-wise, the company's exposure is not explicitly detailed in the available data. However, the absence of disclosed segments suggests a concentration risk, as the company's revenue is likely derived from a limited number of sources or regions. This lack of diversification could expose the company to sector-specific downturns.

The company's growth trajectory is uncertain. While the most recent revenue of 179.2 million TWD reflects a decline compared to the analyst-estimated revenue of 2.19 billion TWD, the absence of multi-year revenue history makes it difficult to assess long-term trends. The company's capital expenditure is reported as zero, suggesting a lack of investment in future growth.

Risk factors include a medium liquidity risk and a low dilution risk. The company's negative net cash position after debt is a key flag, and the absence of capital expenditures may indicate a lack of strategic investment. No dilution sources are identified in the available documents, and the company's diluted shares are equal to its basic shares, suggesting no imminent dilution pressure.

Recent events, including the latest financial filings, show a continued decline in profitability. The last actual EPS was -1.64 TWD, and the company's operating cash flow of 80.9 million TWD is insufficient to cover its debt obligations. These indicators suggest a need for operational restructuring or external financing to stabilize the company's financial position.

Free cash flow improved to TWD 136.3 million in 2009, representing a 9.1% year-over-year increase from the prior fiscal year.

Operating income surged 195.2% year-over-year to TWD 14.4 million in 2009, signaling a significant operational turnaround.

Net income losses narrowed by 50.1% year-over-year in 2009, reducing the deficit to TWD 6.9 million.

Gross profit expanded to TWD 93.4 million in 2009, indicating improved core profitability before operating expenses.

Long-term debt decreased to TWD 787.0 million in 2009, down from TWD 880.8 million in the previous year.

The company faces high credit risk, indicating significant potential difficulties in meeting its financial obligations.

Operating margin of -5.3% places the firm in the bottom quartile compared to the 59-company commercial printing cohort.

Debt-to-equity ratio of 1.24 is significantly higher than the cohort median of 0.15, ranking in the bottom quartile.

Return on equity of -1.1% remains negative, placing the company in the bottom quartile of its peer group.

The company carries medium liquidity risk, suggesting potential challenges in meeting short-term financial demands.

Revenue TWD 177.4M, +8,6% YoY; Operating income +368,2% YoY.

• ▍Revenue TWD 177.4M, +8,6% YoY
• ▍Operating income +368,2% YoY
• ▍Net income +175,0% YoY
• ▍Free cash flow +21,3% YoY
• ▍Net margin 7.1%

Revenue TWD 139.0M, −6,4% YoY; Operating income −72,0% YoY.

• ▍Revenue TWD 139.0M, −6,4% YoY
• ▍Operating income −72,0% YoY
• ▍Net income −150,2% YoY
• ▍Free cash flow −32,2% YoY
• ▍Net margin -3.2%

Revenue TWD 156.8M, −4,2% YoY; Operating income +193,0% YoY.

• ▍Revenue TWD 156.8M, −4,2% YoY
• ▍Operating income +193,0% YoY
• ▍Net income +80,6% YoY
• ▍Free cash flow +143,0% YoY
• ▍Net margin -2.3%

Revenue TWD 176.9M, −1,3% YoY; Operating income +77,6% YoY.

• ▍Revenue TWD 176.9M, −1,3% YoY
• ▍Operating income +77,6% YoY
• ▍Net income −28,6% YoY
• ▍Free cash flow −9,7% YoY
• ▍Net margin -6.5%

Revenue TWD 650.1M, −0,7% YoY; Operating income +195,2% YoY.

• ▍Revenue TWD 650.1M, −0,7% YoY
• ▍Operating income +195,2% YoY
• ▍Net income +50,0% YoY
• ▍Free cash flow +9,1% YoY
• ▍Net margin -1.1%

Revenue TWD 654.9M, −6,6% YoY; Operating income +91,0% YoY.

• ▍Revenue TWD 654.9M, −6,6% YoY
• ▍Operating income +91,0% YoY
• ▍Net income +86,9% YoY
• ▍Free cash flow +726,3% YoY
• ▍Net margin -2.1%

Revenue TWD 701.3M, +16,1% YoY; Operating income −1 119,7% YoY.

• ▍Revenue TWD 701.3M, +16,1% YoY
• ▍Operating income −1 119,7% YoY
• ▍Net income −27,5% YoY
• ▍Free cash flow +78,0% YoY
• ▍Net margin -15.1%

Revenue TWD 604.1M, +2,1% YoY; Operating income −20,7% YoY.

• ▍Revenue TWD 604.1M, +2,1% YoY
• ▍Operating income −20,7% YoY
• ▍Net income −1 865,1% YoY
• ▍Free cash flow −640,1% YoY
• ▍Net margin -13.7%

Revenue TWD 591.4M; Operating income TWD 20.6M.

• ▍Revenue TWD 591.4M
• ▍Operating income TWD 20.6M
• ▍Net margin 0.8%