Oceanic Beverages Co., Inc. AI Stock Analysis
Oceanic Beverages Co., Inc. (1213) AI Stock Analysis
Oceanic Beverages Co., Inc.
(TWSE:1213)
The score is driven primarily by persistently weak fundamentals: Oceanic Beverages has posted six consecutive years of operating losses, negative gross margins in most recent years, and continued cash burn, with the 2024 reported profit stemming from non-recurring items rather than operations. A conservatively financed balance sheet (debt-to-equity of 0.11x) and a sharply narrowing gross margin deficit provide some cushion and a glimpse of potential improvement, but equity is being consumed by losses. Technicals reinforce caution, with the price trading below all major moving averages and negative MACD momentum. Valuation offers limited support — the P/E is negative due to losses, and the 5% dividend yield looks difficult to sustain amid negative free cash flow. Investors should watch for positive gross margins and stabilising operating cash flow before considering this a genuine turnaround.
Oceanic Beverages Co., Inc. (1213) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 396.36M
- Dividend Yield
- 5.00%
- Average Volume (3M)
- 20.85K
- Price to Earnings (P/E)
- -7.4
- Beta (1Y)
- 0.10
- Revenue Growth
- 16.70%
- EPS Growth
- -112.11%
- Country
- TW
- Employees
- 100
- Sector
- General
- Sector Strength
- 55
- Industry
- Beverages - Non-Alcoholic
Oceanic Beverages Co., Inc. Business Overview & Revenue Model
Company Description
Established in 1954 and based in New Taipei City, Taiwan, Oceanic Beverages Co., Inc. specializes in the manufacturing, wholesale distribution, and retail sales of a diverse array of soft drinks and other beverages. The company serves both the domest...
Oceanic Beverages Co., Inc. Financial Statement Overview
Summary
Financials are weak overall. The income statement (17) shows six straight years of operating losses, negative gross profit in five of the last six years and a NT$48 million net loss in 2025, with the headline 2024 'profit' driven by one-off, non-operating items. Cash flow (13) is the weakest link, with negative operating cash flow in five of six years and free cash flow of negative NT$76 million in 2025. The balance sheet (56) is the clear offset: debt has been cut to NT$74 million (debt-to-equity 0.11x) and equity funds over 80% of assets, though equity is eroding as losses mount and the asset base has shrunk nearly 40% since 2020. The narrowing gross margin deficit (-78% to -2.5%) and revenue rebound are encouraging but not yet evidence of a sustainable turnaround.
Income Statement
17Very NegativeBalance Sheet
56NeutralCash Flow
13Very Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 312.76M | 297.37M | 190.55M | 120.70M | 390.95M | 428.41M |
| Gross Profit | -6.12M | -7.40M | -42.47M | -94.46M | -14.81M | -10.02M |
| EBITDA | -32.82M | -31.01M | 546.47M | -87.42M | -46.37M | -64.41M |
| Net Income | -54.22M | -48.38M | 493.23M | -138.69M | -75.81M | -94.44M |
Balance Sheet | ||||||
| Total Assets | 740.45M | 782.38M | 796.04M | 819.33M | 1.06B | 1.12B |
| Cash, Cash Equivalents and Short-Term Investments | 93.71M | 45.06M | 297.07M | 1.13M | 8.10M | 7.54M |
| Total Debt | 61.69M | 74.28M | 2.09M | 460.31M | 494.58M | 532.20M |
| Total Liabilities | 118.77M | 130.13M | 75.60M | 592.12M | 692.58M | 681.14M |
| Stockholders Equity | 621.68M | 652.25M | 720.44M | 227.21M | 365.89M | 441.71M |
Cash Flow | ||||||
| Free Cash Flow | -65.77M | -75.79M | -365.02M | -95.10M | 1.11M | -37.32M |
| Operating Cash Flow | -28.77M | -69.16M | -361.72M | -90.02M | 9.45M | -27.65M |
| Investing Cash Flow | -31.81M | -10.68M | 954.29M | 144.47M | 164.00K | 69.04M |
| Financing Cash Flow | -31.13M | -18.18M | -450.63M | -73.00M | -8.57M | -62.95M |
Oceanic Beverages Co., Inc. Peers Comparison
Overall Rating
TW:294162Neutral
TW:272640Underperform
TW:178135Underperform- TW:121334Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:2941 | 62Neutral | TWD 400.14M | 11.06 | ― | 8.77% | 3.67% | -18.16% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:2726 | 40Underperform | TWD 247.59M | -2.15 | ― | ― | -8.84% | -104.67% |
| TW:1781 | 35Underperform | TWD 407.71M | -8.04 | ― | ― | -12.12% | -17.29% |
| TW:1213 | 34Underperform | TWD 396.36M | -7.37 | ― | 5.00% | 16.70% | -112.11% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:1213 | Oceanic Beverages Co., Inc. | 7.00 | -3.15 | -31.03% | |
| TW:1293 | Lytone Enterprise, Inc. | 21.90 | -3.30 | -13.10% | |
| TW:1781 | Health & Life Co., Ltd. | 8.60 | -3.40 | -28.33% | |
| TW:2726 | Yummy Town (Cayman) Holdings Corp. | 6.29 | -8.73 | -58.11% | |
| TW:2741 | Renjie Oldsichuan Catering Management Consultant Co., Ltd. | 16.00 | -19.87 | -55.39% | |
| TW:2941 | Mister International Enterprise Corp. | 26.00 | -16.54 | -38.88% |
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