Skardin Industrial Corp

Skardin Industrial Corp has a liquidity position that is medium risk, with a current ratio of 1.71 and negative free cash flow of -10.5 million TWD. The company holds 251.8 million TWD in cash and equivalents but has 497.8 million TWD in long-term debt, resulting in a debt-to-equity ratio of 0.59. The negative operating cash flow of -87.6 million TWD and free cash flow of -10.5 million TWD indicate ongoing cash generation challenges.

Profitability metrics show significant underperformance relative to industry norms. The company reported a return on equity of -2.43% and a return on assets of -1.33%, both of which are negative and suggest poor capital efficiency and asset utilization. These figures are well below the typical performance of firms in the Communications Equipment industry, which usually maintain positive returns on equity and assets.

Geographic and segment exposure is not explicitly detailed in the available data, but the company's revenue concentration is likely within the technology equipment market. The absence of disclosed regional or product segment breakdowns limits visibility into diversification or concentration risks.

Growth trajectory appears to be negative. The company reported a net loss of 20.4 million TWD and an operating loss of 45.5 million TWD in the latest period. Analyst estimates for revenue and earnings are not aligned with the company's reported performance, with actual revenue of 1.45 billion TWD versus a net loss, indicating a disconnect between expectations and outcomes.

Risk factors include liquidity constraints and negative cash flows, which could pressure the company to seek additional financing. The risk assessment indicates low dilution potential, but the negative net cash position after subtracting total debt raises concerns about the company's ability to meet obligations without external capital. No recent equity issuance or dilution events are reported, but the negative operating cash flow suggests ongoing financial stress.

Recent events include the latest financial results showing a net loss and negative operating income. The company's earnings per share were 0.02 TWD, and revenue was 1.45 billion TWD, both of which are below typical performance for a firm in the Communications Equipment industry. No recent filings or transcripts are available to provide further insight into management's strategy or operational changes.

Cash conversion of 4.29 ranks best in class among 302 Communications & Networking peers, indicating superior operational efficiency.

Debt-to-equity ratio of 0.59 is below the cohort median of 0.22, suggesting a relatively conservative leverage position.

Capital expenditure intensity of -0.0011 is above the 75th percentile, implying lower reinvestment requirements than most peers.

Dilution risk is assessed as low, providing some protection against equity value erosion from share issuance.

Book value stands at 841.3 million TWD, offering a tangible asset base despite recent operational losses.

Credit risk is flagged as high, indicating significant potential for financial distress or default given the current trajectory.

Revenue TWD 10.6M, −90,8% YoY; Operating income −61,3% YoY.

• ▍Revenue TWD 10.6M, −90,8% YoY
• ▍Operating income −61,3% YoY
• ▍Net income −214,6% YoY
• ▍Free cash flow −544,9% YoY
• ▍Net margin -607.8%

Revenue TWD 42.3M; Operating income -TWD 75.8M.

• ▍Revenue TWD 42.3M
• ▍Operating income -TWD 75.8M
• ▍Net margin -128.4%

Revenue TWD 56.6M; Operating income -TWD 57.7M.

• ▍Revenue TWD 56.6M
• ▍Operating income -TWD 57.7M
• ▍Net margin -109.6%

Revenue TWD 64.3M; Operating income -TWD 50.0M.

• ▍Revenue TWD 64.3M
• ▍Operating income -TWD 50.0M
• ▍Net margin -32.3%

Revenue TWD 76.7M, −72,5% YoY; Operating income +64,7% YoY.

• ▍Revenue TWD 76.7M, −72,5% YoY
• ▍Operating income +64,7% YoY
• ▍Net income +48,1% YoY
• ▍Free cash flow +61,0% YoY
• ▍Net margin -106.6%

Revenue TWD 781.8M, −33,0% YoY; Operating income −394,7% YoY.

• ▍Revenue TWD 781.8M, −33,0% YoY
• ▍Operating income −394,7% YoY
• ▍Net income −4 464,7% YoY
• ▍Free cash flow −993,2% YoY
• ▍Net margin -23.6%

Revenue TWD 1.17B, +12,1% YoY; Operating income +44,2% YoY.

• ▍Revenue TWD 1.17B, +12,1% YoY
• ▍Operating income +44,2% YoY
• ▍Net income +105,3% YoY
• ▍Free cash flow +135,9% YoY
• ▍Net margin 0.4%