Ta-Yuan Cogeneration Co Ltd

Ta-Yuan Cogeneration Co Ltd has a debt-to-equity ratio of 1.13, indicating a moderate level of leverage, and a current ratio of 0.87, suggesting potential liquidity constraints. The company's liquidity position is assessed as medium risk, with a key flag indicating that net cash is negative after subtracting total debt. The company's free cash flow of 72,881,000 TWD supports its operations, but the capital expenditure of -175,120,000 TWD indicates ongoing investment in infrastructure.

In terms of profitability, the company's return on equity is 3.51%, and return on assets is 1.46%, both of which are below the industry median for Electric Utilities. This suggests that the company is underperforming relative to its peers in terms of capital efficiency and asset utilization.

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 and regulatory risks. The company's growth trajectory is not clearly defined, as there are no disclosed revenue growth projections for the current or next fiscal year.

The company's risk assessment indicates a low dilution risk, with no immediate pressure for share issuance. However, the company's capital structure and liquidity position suggest that it may need to raise additional capital in the future to fund its operations and capital expenditures. There are no recent events or filings disclosed that would significantly impact the company's operations or financial position.

Cash conversion ratio of 2.07 surpasses the 1.66 cohort median, suggesting effective cash generation from operating activities.

Revenue declined at a 4.7% CAGR over three years, signaling persistent top-line contraction and shrinking market presence.

Long-term debt increased to TWD 2.78 billion in the latest period, exacerbating financial leverage and credit risk.

Return on equity of 3.5% trails the 6.4% cohort median, indicating inefficient use of shareholder capital compared to peers.

Revenue TWD 652.4M; Operating income TWD 101.0M.

• ▍Revenue TWD 652.4M
• ▍Operating income TWD 101.0M
• ▍Net margin 11.7%

Revenue TWD 614.8M; Operating income TWD 86.7M.

• ▍Revenue TWD 614.8M
• ▍Operating income TWD 86.7M
• ▍Net margin 11.5%

Revenue TWD 2.52B, −7,3% YoY; Operating income +0,7% YoY.

• ▍Revenue TWD 2.52B, −7,3% YoY
• ▍Operating income +0,7% YoY
• ▍Net income +0,2% YoY
• ▍Free cash flow +14,5% YoY
• ▍Net margin 11.3%

Revenue TWD 2.72B, −5,0% YoY; Operating income −15,6% YoY.

• ▍Revenue TWD 2.72B, −5,0% YoY
• ▍Operating income −15,6% YoY
• ▍Net income −23,0% YoY
• ▍Free cash flow −310,5% YoY
• ▍Net margin 10.4%

Revenue TWD 2.86B; Operating income TWD 437.0M.

• ▍Revenue TWD 2.86B
• ▍Operating income TWD 437.0M
• ▍Net margin 12.9%