Hiyes International Co Ltd

Hiyes International Co Ltd maintains a debt-to-equity ratio of 2.32, indicating a capital structure that is significantly leveraged. The company's liquidity position is assessed as medium, with a current ratio of 3.59, suggesting it has sufficient short-term assets to cover its liabilities. However, the company's net cash position is negative after subtracting total debt, signaling potential liquidity constraints.

In terms of profitability, Hiyes International Co Ltd reports a return on equity (ROE) of 6.85%, which is below the typical industry benchmark for real estate services. The return on assets (ROA) is 1.65%, further indicating that the company is not efficiently utilizing its assets to generate returns. The company's price-to-earnings (P/E) ratio of 19.04 is relatively high, suggesting that investors are paying a premium for earnings compared to industry medians.

The company's revenue is primarily concentrated in the Asia-Pacific region, with no disclosed segment breakdown. This geographic concentration may expose the company to regional economic fluctuations and regulatory changes. The company's exposure to specific markets is not quantified in the available data, but the lack of diversification could pose a risk to its long-term stability.

Looking at the company's growth trajectory, the available data does not provide specific revenue growth projections for the current or next fiscal year. However, the company's free cash flow of 581.66 million TWD indicates that it has the capacity to fund operations and potentially invest in growth opportunities. The capital expenditure of -1.61 million TWD suggests that the company is not currently investing in new projects or infrastructure.

The company's risk assessment highlights a medium liquidity risk and a low dilution risk. The key flag of negative net cash after subtracting total debt indicates that the company may need to secure additional financing to maintain its operations. The company's valuation adjustments and dilution potential are not explicitly detailed in the provided data, but the low dilution risk suggests that there is minimal threat from new share issuances.

Recent events and filings do not provide specific details on the company's strategic initiatives or operational changes. The company's price targets from analysts range from 100.00 TWD, with a mean recommendation of 1.00, indicating a strong buy consensus. The lack of detailed recent events or transcripts limits the ability to assess the company's current strategic direction and market positioning.

Analysts assign a strong buy recommendation with a target price of 100 TWD, implying 47.5% upside from current levels.

Capital expenditure relative to revenue is minimal at -0.1%, placing it in the top quartile for capital efficiency.

Debt-to-equity ratio of 2.32 is in the bottom quartile of the cohort, signaling significantly higher financial leverage risk.

The company faces high credit risk according to risk flags, potentially impacting its ability to service substantial long-term debt.

Free cash flow turned negative to -234 million TWD in FY2026, reversing the positive trend from previous years.

Cash conversion ratio of 0.16 is well below the cohort median of 0.65, indicating weaker cash generation from earnings.

Revenue TWD 1.31B, −23,9% YoY.

• ▍Revenue TWD 1.31B, −23,9% YoY

Revenue TWD 2.94B, −32,0% YoY; Operating income +155,4% YoY.

• ▍Revenue TWD 2.94B, −32,0% YoY
• ▍Operating income +155,4% YoY
• ▍Net income +170,5% YoY
• ▍Free cash flow +155,0% YoY
• ▍Net margin 16.7%

Revenue TWD 1.17B, −38,5% YoY; Operating income −70,8% YoY.

• ▍Revenue TWD 1.17B, −38,5% YoY
• ▍Operating income −70,8% YoY
• ▍Net income −90,7% YoY
• ▍Free cash flow −88,8% YoY
• ▍Net margin 4.7%

Revenue TWD 1.53B, −8,1% YoY; Operating income −56,4% YoY.

• ▍Revenue TWD 1.53B, −8,1% YoY
• ▍Operating income −56,4% YoY
• ▍Net income −65,8% YoY
• ▍Free cash flow −68,9% YoY
• ▍Net margin 12.1%

Revenue TWD 1.72B; Operating income TWD 614.1M.

• ▍Revenue TWD 1.72B
• ▍Operating income TWD 614.1M
• ▍Net margin 20.8%

Revenue TWD 4.32B; Operating income TWD 258.4M.

• ▍Revenue TWD 4.32B
• ▍Operating income TWD 258.4M
• ▍Net margin 4.2%

Revenue TWD 1.90B; Operating income TWD 822.3M.

• ▍Revenue TWD 1.90B
• ▍Operating income TWD 822.3M
• ▍Net margin 30.9%

Revenue TWD 1.66B; Operating income TWD 656.1M.

• ▍Revenue TWD 1.66B
• ▍Operating income TWD 656.1M
• ▍Net margin 32.5%

Revenue TWD 7.35B, −27,6% YoY; Operating income −32,3% YoY.

• ▍Revenue TWD 7.35B, −27,6% YoY
• ▍Operating income −32,3% YoY
• ▍Net income −51,2% YoY
• ▍Free cash flow −115,3% YoY
• ▍Net margin 14.8%

Revenue TWD 10.16B, +31,0% YoY; Operating income +41,8% YoY.

• ▍Revenue TWD 10.16B, +31,0% YoY
• ▍Operating income +41,8% YoY
• ▍Net income +34,6% YoY
• ▍Free cash flow +35,4% YoY
• ▍Net margin 21.9%