1323.Tw

The company's capital structure shows a debt-to-equity ratio of 0.63, indicating a moderate reliance on debt financing. With total liabilities of TWD 21.3 billion and total equity of TWD 25.6 billion, the firm maintains a current ratio of 4.62, suggesting strong short-term liquidity. However, the firm's net cash position is negative after subtracting total debt, signaling potential liquidity risk.

Profitability metrics reveal a return on equity (ROE) of 0.92% and a return on assets (ROA) of 0.5%, both below the industry median for non-paper packaging firms. The operating income is negative at TWD -3.02 million, while net income is positive at TWD 23.59 million, indicating a reliance on non-operating income or cost controls to maintain profitability. Gross profit of TWD 268.23 million represents 13.3% of revenue, which is in line with industry norms for this sector.

The company's revenue is concentrated in a few key markets, with the majority of sales generated in Taiwan. No specific segment breakdown is available, but the firm's exposure to regional markets is likely tied to its manufacturing and distribution capabilities. The firm's geographic concentration may expose it to local economic fluctuations and regulatory changes.

Looking ahead, the company is expected to see a modest growth in revenue, with analysts reporting a last actual revenue of TWD 3.64 billion. However, the operating cash flow of TWD 199.91 million and free cash flow of TWD 42.41 million suggest limited capacity for reinvestment or expansion. Capital expenditures of TWD -55.28 million indicate a reduction in investment in new assets, which may affect long-term growth potential.

Risk factors include a medium liquidity risk due to the negative net cash position and a low dilution risk, as the firm has not issued additional shares recently. The firm's liquidity risk is further compounded by its long-term debt of TWD 1.62 billion, which could pressure cash flow if interest rates rise. The firm's credit risk is moderate, given its strong asset base and manageable debt levels.

Recent events include the firm's reported financial performance, with a last actual EPS of TWD 3.16. No recent filings or transcripts have been disclosed that would indicate significant changes in strategy or operations.