Yong Shun Chemical Co Ltd

Yong Shun Chemical Co Ltd maintains a strong liquidity position, with cash and equivalents amounting to TWD 397.38 million, representing 30.9% of total assets. The company's liquidity FPT score indicates a low liquidity risk, supported by a current ratio of 5.62, which is significantly above the industry median. The price-to-book ratio of 0.98 suggests the company is trading near its book value, and the price-to-tangible-book ratio is similarly aligned.

Profitability metrics for Yong Shun Chemical Co Ltd are modest. The company reported a net income of TWD 2.86 million, translating to a return on equity (ROE) of 0.27% and a return on assets (ROA) of 0.22%. These figures are below the industry median for ROE and ROA, indicating that the company is underperforming in terms of capital efficiency and asset utilization.

The company's revenue is concentrated in a single business segment, as disclosed in its financial statements, with no geographic diversification provided in the available data. This lack of segment and geographic diversification increases exposure to sector-specific risks and regional economic fluctuations.

Looking ahead, the company's growth trajectory appears constrained. The current fiscal year is expected to show minimal revenue growth, with no significant changes in capital expenditures or operating cash flow. The company's free cash flow of TWD 6.24 million is insufficient to support meaningful reinvestment or shareholder returns.

Risk factors for Yong Shun Chemical Co Ltd are limited in the short term, with low dilution and liquidity risk. The company has no immediate filing-based flags for dilution, and its debt-to-equity ratio of 0.1 indicates a conservative capital structure. However, the high price-to-earnings ratio of 361.35 suggests potential overvaluation relative to earnings.

Recent events, including analyst estimates and filings, show that the company's last actual EPS was TWD 0.15, and its last actual revenue was TWD 729.03 million. These figures are below the company's full-year revenue of TWD 176.90 million, indicating a possible seasonal or cyclical pattern in its operations.

Yong Shun Chemical demonstrates best-in-class cash conversion at 9.45, significantly outperforming the 1.1 median for commodity chemicals peers.

The company maintains a conservative debt-to-equity ratio of 0.1, well below the 0.31 median, indicating strong financial stability.

Gross profit improved to TWD 88.3 million in FY2026, up from TWD 49.3 million in FY2023, showing margin resilience.

Net income turned positive in FY2025 and grew to TWD 9.3 million in FY2026, reversing previous losses.

Long-term debt decreased to TWD 98.1 million in FY2026 from TWD 113.6 million in FY2025, reducing leverage.

Return on equity of 0.27% is drastically lower than the 3.61% median, indicating poor capital efficiency.

Free cash flow remains negative at TWD -7.1 million in FY2026, failing to generate positive cash returns.

Revenue TWD 187.6M, +1,7% YoY; Operating income +142,0% YoY.

• ▍Revenue TWD 187.6M, +1,7% YoY
• ▍Operating income +142,0% YoY
• ▍Net income −55,5% YoY
• ▍Free cash flow −46,2% YoY
• ▍Net margin 1.1%

Revenue TWD 189.9M, −13,3% YoY; Operating income +105,1% YoY.

• ▍Revenue TWD 189.9M, −13,3% YoY
• ▍Operating income +105,1% YoY
• ▍Net income +365,2% YoY
• ▍Free cash flow +5 009,9% YoY
• ▍Net margin 3.6%

Revenue TWD 173.7M, −5,1% YoY; Operating income −50,7% YoY.

• ▍Revenue TWD 173.7M, −5,1% YoY
• ▍Operating income −50,7% YoY
• ▍Net income −136,4% YoY
• ▍Free cash flow +895,7% YoY
• ▍Net margin -0.1%

Revenue TWD 177.8M, +0,5% YoY; Operating income −156,9% YoY.

• ▍Revenue TWD 177.8M, +0,5% YoY
• ▍Operating income −156,9% YoY
• ▍Net income −79,0% YoY
• ▍Free cash flow −81,5% YoY
• ▍Net margin 0.3%

Revenue TWD 184.4M; Operating income TWD 1.9M.

• ▍Revenue TWD 184.4M
• ▍Operating income TWD 1.9M
• ▍Net margin 2.6%

Revenue TWD 219.1M; Operating income TWD 2.1M.

• ▍Revenue TWD 219.1M
• ▍Operating income TWD 2.1M
• ▍Net margin -1.2%

Revenue TWD 183.0M; Operating income -TWD 706.0k.

• ▍Revenue TWD 183.0M
• ▍Operating income -TWD 706.0k
• ▍Net margin 0.4%

Revenue TWD 176.9M; Operating income TWD 3.0M.

• ▍Revenue TWD 176.9M
• ▍Operating income TWD 3.0M
• ▍Net margin 1.6%

Revenue TWD 729.0M, −4,5% YoY; Operating income −1,2% YoY.

• ▍Revenue TWD 729.0M, −4,5% YoY
• ▍Operating income −1,2% YoY
• ▍Net income +60,1% YoY
• ▍Free cash flow +46,5% YoY
• ▍Net margin 1.3%

Revenue TWD 763.4M, −0,7% YoY; Operating income −67,9% YoY.

• ▍Revenue TWD 763.4M, −0,7% YoY
• ▍Operating income −67,9% YoY
• ▍Net income −68,4% YoY
• ▍Free cash flow +48,9% YoY
• ▍Net margin 0.8%

Revenue TWD 1.13B, −1,2% YoY; Operating income −130,1% YoY.

• ▍Revenue TWD 1.13B, −1,2% YoY
• ▍Operating income −130,1% YoY
• ▍Net income −124,8% YoY
• ▍Free cash flow −284,5% YoY
• ▍Net margin -1.7%