Great Wall Enterprise Co., Ltd. (1210) AI Stock Analysis

Great Wall Enterprise Co., Ltd.

(TWSE:1210)

Select Model

Rating:56Neutral

Price Target:TWD 52.00▲(4.73% Upside)

Action:initiatedcoverage

Date:11/09/26

Great Wall Enterprise scores in the middle of the range. Fundamentals carry the most weight and are reasonably stable — improving gross margins, steady ~13.6% ROE and cash flow that exceeds reported profits — but three straight years of declining revenue, compressing operating margins, debt now slightly above equity, and negative free cash flow from a heavy capex cycle limit the upside. The valuation case is appealing, with a 12.3x P/E and a near-6% dividend yield, though the payout is not presently covered by free cash flow. The main drag is price action: the stock sits below all key moving averages with negative MACD momentum. A stabilisation in revenue and a return to positive free cash flow would be the catalysts needed to lift the score.

Positive Factors

Diversified food and agribusiness platformThe company operates across multiple stages of the food supply chain and serves both consumer and industrial customers. This breadth can support revenue resilience, broaden customer exposure, and provide a durable operating platform across food and feed markets over the next several quarters.

Negative Factors

Sharp revenue contractionThe sharp acceleration in revenue decline is a significant fundamental headwind, weakening operating leverage and reducing the scale available to support earnings. If contraction persists, it could pressure margins, limit reinvestment capacity, and make stable profitability harder to sustain.

Great Wall Enterprise Co., Ltd. (1210) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 41.42B
Dividend Yield: 6.04%
Average Volume (3M): 1.43M
Price to Earnings (P/E): 12.2
Beta (1Y): 0.03
Revenue Growth: 1.85%
EPS Growth: 1.66%
Country: TW
Employees: 6,108
Sector: General
Sector Strength: 55
Industry: Packaged Foods

Great Wall Enterprise Co., Ltd. Business Overview & Revenue Model

Company Description

Great Wall Enterprise Co., Ltd. engages in agricultural and animal products business in Taiwan, China, Indonesia, Vietnam, Malaysia, and Cambodia. The company is involved in edible oil and fat manufacturing and wholesale; food dealership; grain huski...

Great Wall Enterprise Co., Ltd. Financial Statement Overview

Summary

A mixed profile. Profitability is the bright spot: gross margin has improved for three straight years to 14.7%, net income edged up to NT$3.62 billion (3.58% net margin, best since 2020), and return on equity is steady near 13.6%. Operating cash flow of about NT$6.5 billion comfortably exceeds net income, indicating good earnings quality. Offsetting this, revenue has declined for three consecutive years to NT$101.2 billion, operating margin compressed to 4.70% from 6.07%, total debt rose to NT$27.4 billion (roughly 1.03x equity), and heavy capex of about NT$7.1 billion pushed free cash flow negative at roughly -NT$0.6 billion. Solid and profitable, but leverage and free cash flow are the key watch items.

Income Statement

61Positive

Balance Sheet

58Neutral

Cash Flow

48Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	104.75B	101.22B	102.75B	111.11B	113.30B	101.44B
Gross Profit	15.09B	14.86B	14.80B	14.96B	11.36B	10.74B
EBITDA	7.33B	8.03B	9.13B	9.16B	6.07B	5.10B
Net Income	3.40B	3.62B	3.53B	4.07B	2.19B	1.87B
Balance Sheet
Total Assets	78.59B	76.15B	70.76B	64.83B	62.34B	56.73B
Cash, Cash Equivalents and Short-Term Investments	10.19B	8.86B	8.16B	6.72B	5.61B	6.08B
Total Debt	29.07B	27.45B	23.50B	21.67B	22.11B	19.25B
Total Liabilities	43.83B	40.68B	36.23B	33.01B	33.45B	28.99B
Stockholders Equity	25.53B	26.60B	25.65B	23.69B	20.85B	20.10B
Cash Flow
Free Cash Flow	-1.62B	-623.81M	3.71B	5.13B	-1.54B	1.10B
Operating Cash Flow	5.93B	6.47B	7.91B	9.77B	2.34B	4.28B
Investing Cash Flow	-7.58B	-5.79B	-4.52B	-4.56B	-4.21B	-3.31B
Financing Cash Flow	1.50B	344.72M	-2.11B	-4.08B	666.90M	1.44B

Great Wall Enterprise Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:1210 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:1232	74Outperform	TWD 25.44B	15.23	―	4.53%	13.49%	29.82%
TW:1215	68Neutral	TWD 30.51B	13.08	―	6.76%	4.50%	-22.41%
TW:8454	59Neutral	TWD 57.90B	20.48	―	4.58%	1.08%	-12.59%
TW:1227	57Neutral	TWD 23.66B	16.28	―	5.14%	3.12%	-6.89%
TW:1210	56Neutral	TWD 42.11B	12.17	―	6.04%	1.85%	1.66%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:5903	55Neutral	TWD 41.07B	22.58	―	3.53%	6.93%	8.29%

* General Sector Average

Performance Comparison

TW:1210 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:1210	Great Wall Enterprise Co., Ltd.	49.65	-0.19	-0.37%
TW:1215	Charoen Pokphand Enterprise (Taiwan) Co., Ltd.	103.50	-24.87	-19.37%
TW:1227	Standard Foods Corporation	26.05	-3.52	-11.89%
TW:1232	TTET Union Corporation	159.00	22.37	16.37%
TW:5903	Taiwan FamilyMart Co., Ltd.	184.00	-0.91	-0.49%
TW:8454	momo.com Incorporated	218.50	-16.16	-6.89%

Glossary

BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.

Date of analysis: Nov 09, 2026

Great Wall Enterprise Co., Ltd. AI Stock Analysis