Tidehold Development Co Ltd

Tidehold Development Co Ltd maintains a strong liquidity position, with a current ratio of 11.03, indicating a high ability to meet short-term obligations. The company's cash and equivalents amount to 165,504,010 TWD, significantly exceeding its total liabilities of 97,426,000 TWD, which suggests a conservative capital structure with minimal reliance on debt.

Profitability metrics show a return on equity (ROE) of 2.94% and a return on assets (ROA) of 2.73%, which are below the industry median for real estate development firms. This suggests that the company is not generating returns as efficiently as its peers, potentially due to lower asset turnover or higher cost structures.

The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of diversification increases exposure to regional economic fluctuations and regulatory changes, which could impact future performance.

Looking ahead, the company's revenue is expected to remain stable, with no significant growth or decline projected in the next fiscal year. The operating cash flow of 50,661,000 TWD and free cash flow of 37,888,080 TWD support this outlook, indicating sufficient cash generation to fund operations and potentially reinvest in the business.

Risk factors are currently low, with no immediate liquidity or dilution concerns identified. The company has not issued any recent equity or debt offerings that would suggest dilution pressure, and its capital structure remains largely unchanged.

Recent filings and transcripts do not indicate any major strategic shifts or operational disruptions. The company continues to focus on its core real estate development and management activities, with no new product lines or geographic expansions disclosed in the latest reports.

Revenue grew 12.1% year-over-year, reflecting consistent top-line expansion in the latest reporting period.

Cash conversion ratio of 1.34 surpasses the 0.29 cohort median, highlighting strong cash generation capabilities.

Zero debt-to-equity ratio eliminates leverage risk, providing a stronger balance sheet than the 0.52 median.

Free cash flow turned negative with a 211.7% decline, raising concerns about liquidity sustainability.

Net income swung to a loss of 46 million TWD, reversing previous profitability trends.

Revenue TWD 291.9M, +70,1% YoY; Operating income +26,3% YoY.

• ▍Revenue TWD 291.9M, +70,1% YoY
• ▍Operating income +26,3% YoY
• ▍Net income +164,2% YoY
• ▍Free cash flow +133,1% YoY
• ▍Net margin 10.7%

Revenue TWD 241.9M, −17,1% YoY; Operating income +185,1% YoY.

• ▍Revenue TWD 241.9M, −17,1% YoY
• ▍Operating income +185,1% YoY
• ▍Net income +81,4% YoY
• ▍Free cash flow −11,3% YoY
• ▍Net margin 23.5%

Revenue TWD 378.5M, +56,5% YoY; Operating income −143,4% YoY.

• ▍Revenue TWD 378.5M, +56,5% YoY
• ▍Operating income −143,4% YoY
• ▍Net income −180,9% YoY
• ▍Free cash flow −364,1% YoY
• ▍Net margin -12.2%

Revenue TWD 171.6M, −59,5% YoY; Operating income +6,3% YoY.

• ▍Revenue TWD 171.6M, −59,5% YoY
• ▍Operating income +6,3% YoY
• ▍Net income −143,2% YoY
• ▍Free cash flow −215,5% YoY
• ▍Net margin -28.4%