King Slide Works Co Ltd

King Slide Works maintains a strong liquidity position with a current ratio of 7.96 and cash and equivalents amounting to TWD 13.28 billion, which significantly exceeds its total liabilities of TWD 4.34 billion. The company's debt-to-equity ratio is 0.12, indicating a conservative capital structure with minimal reliance on debt financing. Free cash flow of TWD 1.35 billion and operating cash flow of TWD 1.05 billion further support its financial flexibility.

Profitability metrics show a return on equity (ROE) of 7.77% and a return on assets (ROA) of 6.25%, both of which are strong relative to the industry's typical performance. The company's operating income of TWD 1.01 billion and net income of TWD 1.39 billion reflect a healthy margin structure, with gross profit of TWD 1.21 billion contributing to its profitability.

The company's revenue is concentrated in a single business segment, as disclosed in its financial reporting, with no geographic diversification provided in the available data. This lack of segment and geographic diversification may expose the company to sector-specific risks, though the current financial snapshot does not indicate significant volatility.

Looking ahead, the company is expected to maintain a stable growth trajectory, supported by its strong cash position and positive cash flow generation. Analysts have assigned a mean price target of TWD 4,515.08 and a median price target of TWD 4,650.00, with no hold or strong sell recommendations reported. The absence of dilution or liquidity flags in recent filings suggests a low near-term risk of capital structure changes.

Risk factors for King Slide Works include its reliance on a single business segment and the potential for margin compression in a competitive hardware market. However, the company's strong liquidity and profitability metrics mitigate these concerns. The risk assessment indicates low liquidity and dilution risk, with no immediate filing-based flags detected.

Recent events, including analyst estimates and price targets, suggest a positive outlook for the company. The absence of recent filings or transcripts indicating operational or strategic changes implies a stable business environment for the near term.

Revenue surged 72.8% year-over-year to TWD 17.5 billion in FY2026, demonstrating robust top-line growth momentum.

Net income expanded 59.8% to TWD 9.8 billion, reflecting strong profitability expansion alongside revenue growth.

Free cash flow reached TWD 6.2 billion, up 29.8% year-over-year, highlighting strong cash generation capabilities.

Cash conversion ratio of 0.76 falls below the cohort median of 1.0, indicating weaker cash realization from earnings.

Long-term debt increased to TWD 2.0 billion in FY2024 before declining slightly, showing some leverage volatility.

Revenue TWD 4.95B, +59,7% YoY; Operating income +76,3% YoY.

• ▍Revenue TWD 4.95B, +59,7% YoY
• ▍Operating income +76,3% YoY
• ▍Net income +62,9% YoY
• ▍Free cash flow +38,9% YoY
• ▍Net margin 71.0%

Revenue TWD 4.37B, +69,5% YoY; Operating income +84,5% YoY.

• ▍Revenue TWD 4.37B, +69,5% YoY
• ▍Operating income +84,5% YoY
• ▍Net income +176,8% YoY
• ▍Free cash flow +162,2% YoY
• ▍Net margin 73.2%

Revenue TWD 4.23B, +68,0% YoY; Operating income +93,2% YoY.

• ▍Revenue TWD 4.23B, +68,0% YoY
• ▍Operating income +93,2% YoY
• ▍Net income −57,8% YoY
• ▍Free cash flow −57,4% YoY
• ▍Net margin 14.5%

Revenue TWD 3.95B, +104,1% YoY; Operating income +169,3% YoY.

• ▍Revenue TWD 3.95B, +104,1% YoY
• ▍Operating income +169,3% YoY
• ▍Net income +81,1% YoY
• ▍Free cash flow +81,9% YoY
• ▍Net margin 63.5%

Revenue TWD 3.10B; Operating income TWD 1.94B.

• ▍Revenue TWD 3.10B
• ▍Operating income TWD 1.94B
• ▍Net margin 69.6%

Revenue TWD 2.58B; Operating income TWD 1.61B.

• ▍Revenue TWD 2.58B
• ▍Operating income TWD 1.61B
• ▍Net margin 44.8%

Revenue TWD 2.52B; Operating income TWD 1.54B.

• ▍Revenue TWD 2.52B
• ▍Operating income TWD 1.54B
• ▍Net margin 57.9%

Revenue TWD 1.94B; Operating income TWD 1.01B.

• ▍Revenue TWD 1.94B
• ▍Operating income TWD 1.01B
• ▍Net margin 71.6%

Revenue TWD 17.50B, +72,8% YoY; Operating income +98,2% YoY.

• ▍Revenue TWD 17.50B, +72,8% YoY
• ▍Operating income +98,2% YoY
• ▍Net income +59,8% YoY
• ▍Free cash flow +29,8% YoY
• ▍Net margin 56.2%

Revenue TWD 10.13B, +75,8% YoY; Operating income +111,2% YoY.

• ▍Revenue TWD 10.13B, +75,8% YoY
• ▍Operating income +111,2% YoY
• ▍Net income +127,6% YoY
• ▍Free cash flow +97,0% YoY
• ▍Net margin 60.8%

Revenue TWD 5.76B, −26,1% YoY; Operating income −23,0% YoY.

• ▍Revenue TWD 5.76B, −26,1% YoY
• ▍Operating income −23,0% YoY
• ▍Net income −33,3% YoY
• ▍Free cash flow 0,0% YoY
• ▍Net margin 46.9%

Revenue TWD 7.80B, +23,0% YoY; Operating income +38,0% YoY.

• ▍Revenue TWD 7.80B, +23,0% YoY
• ▍Operating income +38,0% YoY
• ▍Net income +95,7% YoY
• ▍Free cash flow +158,2% YoY
• ▍Net margin 52.0%