YC Inox Co Ltd

YC Inox Co Ltd operates with a debt-to-equity ratio of 0.91, indicating a moderate reliance on debt financing. The company's current ratio of 1.06 suggests it has just enough current assets to cover its short-term liabilities, but with little room for operational shocks. Free cash flow is negative at -223.32 million TWD, and operating cash flow is also negative at -116.60 million TWD, signaling liquidity constraints.

Profitability metrics show a return on equity of 0.51% and a return on assets of 0.25%, both below the industry median for Iron & Steel producers. The company reported a net income of 48.45 million TWD despite a gross profit of 444.94 million TWD, indicating high operating costs and a negative operating income of -15.16 million TWD.

YC Inox's revenue is concentrated in a single business segment, with no disclosed geographic diversification. The company's exposure to a single market increases its vulnerability to regional economic downturns or supply chain disruptions.

The company's revenue in the latest period was 3.10 billion TWD. While no specific growth rate is provided, the negative operating cash flow and free cash flow suggest a challenging operating environment. Analysts have assigned a mean recommendation of 2.00, indicating a "buy" rating, but with no strong buy ratings.

Risk factors include medium liquidity risk due to negative net cash after subtracting total debt. The company has a low dilution risk, with no near-term pressure for equity issuance. However, the negative operating cash flow and high debt levels could become more pressing if capital expenditures continue to outpace cash generation.

Recent filings and transcripts do not provide specific details on strategic initiatives or operational changes. The company's financial performance appears to be under pressure, with operating losses and negative cash flows, but it remains profitable on a net income basis.

Analysts project 31% upside to a consensus target price of TWD 26.00, signaling strong institutional confidence in near-term valuation recovery.

Net income surged 203.9% year-over-year in FY2026, demonstrating a significant operational turnaround after two years of consecutive losses.

Free cash flow improved by 59.1% year-over-year in FY2026, indicating better cash generation efficiency despite remaining negative absolute levels.

Operating income turned positive in FY2026 with a 194% year-over-year increase, suggesting core business profitability is stabilizing.

The company carries a low dilution risk flag, protecting existing shareholders from potential equity value erosion through share issuance.

Long-term debt increased to TWD 11.1 billion in FY2026, exacerbating financial leverage and interest burden amid declining revenues.

The company faces high credit risk, indicating potential difficulties in meeting debt obligations or securing favorable financing terms.

Operating margin of -0.49% ranks in the bottom quartile of the Iron & Steel cohort, highlighting severe competitive disadvantage.

Debt-to-equity ratio of 0.91 places the company in the bottom quartile of peers, signaling excessive leverage relative to industry norms.

Revenue TWD 2.63B, −35,7% YoY; Operating income +76,4% YoY.

• ▍Revenue TWD 2.63B, −35,7% YoY
• ▍Operating income +76,4% YoY
• ▍Net income +66,0% YoY
• ▍Free cash flow +96,8% YoY
• ▍Net margin -2.4%

Revenue TWD 2.96B, −22,2% YoY; Operating income +323,6% YoY.

• ▍Revenue TWD 2.96B, −22,2% YoY
• ▍Operating income +323,6% YoY
• ▍Net income +7 423,6% YoY
• ▍Free cash flow +138,5% YoY
• ▍Net margin 7.1%

Revenue TWD 3.33B, −6,0% YoY; Operating income −542,3% YoY.

• ▍Revenue TWD 3.33B, −6,0% YoY
• ▍Operating income −542,3% YoY
• ▍Net income −1 122,5% YoY
• ▍Free cash flow −65,3% YoY
• ▍Net margin -9.1%

Revenue TWD 3.63B, +17,2% YoY; Operating income +1 562,6% YoY.

• ▍Revenue TWD 3.63B, +17,2% YoY
• ▍Operating income +1 562,6% YoY
• ▍Net income +440,0% YoY
• ▍Free cash flow +118,7% YoY
• ▍Net margin 7.2%

Revenue TWD 4.09B; Operating income -TWD 208.8M.

• ▍Revenue TWD 4.09B
• ▍Operating income -TWD 208.8M
• ▍Net margin -4.5%

Revenue TWD 3.80B; Operating income TWD 39.2M.

• ▍Revenue TWD 3.80B
• ▍Operating income TWD 39.2M
• ▍Net margin 0.1%

Revenue TWD 3.54B; Operating income -TWD 22.4M.

• ▍Revenue TWD 3.54B
• ▍Operating income -TWD 22.4M
• ▍Net margin 0.8%

Revenue TWD 3.10B; Operating income -TWD 15.2M.

• ▍Revenue TWD 3.10B
• ▍Operating income -TWD 15.2M
• ▍Net margin 1.6%

Revenue TWD 12.54B, −13,6% YoY; Operating income +194,0% YoY.

• ▍Revenue TWD 12.54B, −13,6% YoY
• ▍Operating income +194,0% YoY
• ▍Net income +203,9% YoY
• ▍Free cash flow +59,1% YoY
• ▍Net margin 0.9%

Revenue TWD 14.52B, −4,7% YoY; Operating income +57,4% YoY.

• ▍Revenue TWD 14.52B, −4,7% YoY
• ▍Operating income +57,4% YoY
• ▍Net income +39,0% YoY
• ▍Free cash flow −17,4% YoY
• ▍Net margin -0.7%

Revenue TWD 15.23B, −9,6% YoY; Operating income −229,0% YoY.

• ▍Revenue TWD 15.23B, −9,6% YoY
• ▍Operating income −229,0% YoY
• ▍Net income −132,8% YoY
• ▍Free cash flow −43,3% YoY
• ▍Net margin -1.1%

Revenue TWD 16.84B, −5,3% YoY; Operating income −72,9% YoY.

• ▍Revenue TWD 16.84B, −5,3% YoY
• ▍Operating income −72,9% YoY
• ▍Net income −58,9% YoY
• ▍Free cash flow −446,6% YoY
• ▍Net margin 3.1%