Ten Ren Tea Co., Ltd. AI Stock Analysis
Ten Ren Tea Co., Ltd. (1233) AI Stock Analysis
Ten Ren Tea Co., Ltd.
(TWSE:1233)
The score reflects a financially secure but stagnant business. Low leverage and consistently strong cash conversion are genuine strengths, but they are offset by a 5.9% revenue decline, nearly six points of gross margin erosion, thin ~3% operating and net margins, and a second consecutive year of falling profit. Valuation is the biggest drag: a P/E above 30 and a 0.70% dividend yield leave little room for disappointment in a no-growth name. Technicals are neutral — the price has stabilized around its short-term averages but remains below the 200-day average, with very low volatility overall.
Ten Ren Tea Co., Ltd. (1233) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 2.58B
- Dividend Yield
- 0.70%
- Average Volume (3M)
- 19.98K
- Price to Earnings (P/E)
- 30.6
- Beta (1Y)
- 0.03
- Revenue Growth
- 1.42%
- EPS Growth
- 17.11%
- Country
- TW
- Employees
- 1,586
- Sector
- General
- Sector Strength
- 55
- Industry
- Packaged Foods
Ten Ren Tea Co., Ltd. Business Overview & Revenue Model
Company Description
Ten Ren Tea Co., Ltd. is a company based in Taipei, Taiwan, with a legacy tracing back to its founding in 1953. It specializes in the global production and distribution of tea, various tea-related products, and a range of beverages, catering to both...
Ten Ren Tea Co., Ltd. Financial Statement Overview
Summary
Ten Ren Tea combines a conservative balance sheet (debt-to-equity of 0.37, equity funding 62% of assets) and dependable cash generation (operating cash flow of NT$222.6 million, free cash flow of NT$169.8 million) with weak earnings quality. Revenue fell 5.9% to NT$2.16 billion with essentially no growth over five years, gross margin eroded nearly six points to ~53%, operating and net margins sit near 3%, net income declined for a second straight year to NT$67.9 million, and return on equity is just 5.0%. Financially safe but growth- and profitability-challenged.
Income Statement
48NeutralBalance Sheet
68PositiveCash Flow
70Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.20B | 2.16B | 2.20B | 2.11B | 1.84B | 1.77B |
| Gross Profit | 1.26B | 1.14B | 1.29B | 1.22B | 1.03B | 990.76M |
| EBITDA | 258.27M | 243.38M | 286.63M | 290.63M | 221.92M | 224.53M |
| Net Income | 83.75M | 67.92M | 88.22M | 95.68M | 51.23M | 43.13M |
Balance Sheet | ||||||
| Total Assets | 2.20B | 2.20B | 2.36B | 2.37B | 2.35B | 2.31B |
| Cash, Cash Equivalents and Short-Term Investments | 202.54M | 173.40M | 194.12M | 190.49M | 209.99M | 256.65M |
| Total Debt | 343.71M | 499.92M | 548.67M | 453.16M | 480.39M | 566.41M |
| Total Liabilities | 791.20M | 843.20M | 896.42M | 884.38M | 864.41M | 849.22M |
| Stockholders Equity | 1.40B | 1.35B | 1.46B | 1.49B | 1.49B | 1.46B |
Cash Flow | ||||||
| Free Cash Flow | 218.67M | 169.82M | 189.51M | 217.93M | 142.38M | 81.56M |
| Operating Cash Flow | 276.31M | 222.59M | 248.28M | 263.57M | 202.07M | 104.43M |
| Investing Cash Flow | -54.09M | -65.45M | -49.69M | -66.94M | 23.74M | -25.76M |
| Financing Cash Flow | -217.03M | -181.95M | -197.73M | -224.64M | -204.50M | -222.12M |
Ten Ren Tea Co., Ltd. Peers Comparison
Overall Rating
TW:770873.1Outperform
TW:294557Neutral
TW:123656Neutral- TW:123355Neutral
TW:273251Neutral
TW:123544Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:7708 | 73Outperform | TWD 2.29B | 11.60 | ― | 6.11% | 13.10% | 30.49% |
| TW:2945 | 57Neutral | TWD 2.60B | 20.88 | ― | 3.89% | 23.01% | -26.72% |
| TW:1236 | 56Neutral | TWD 2.33B | -383.57 | ― | 6.15% | -2.79% | ― |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:1233 | 55Neutral | TWD 2.58B | 30.59 | ― | 0.70% | 1.42% | 17.11% |
| TW:2732 | 51Neutral | TWD 2.79B | 16.70 | ― | 6.67% | 26.17% | 282.20% |
| TW:1235 | 44Neutral | TWD 2.57B | -116.61 | ― | 1.53% | 43.28% | 34.56% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:1233 | Ten Ren Tea Co., Ltd. | 28.45 | -2.34 | -7.59% | |
| TW:1235 | Shin Tai Industry Co. Ltd. | 32.65 | -14.11 | -30.17% | |
| TW:1236 | Hunya Foods Co. Ltd. | 26.85 | 3.09 | 13.01% | |
| TW:2732 | La Kaffa International Co., Ltd. | 60.00 | -9.04 | -13.09% | |
| TW:2945 | Simple Mart Retail Co., Ltd. | 38.55 | 2.04 | 5.58% | |
| TW:7708 | Family International Gourmet Co Ltd | 90.00 | -5.56 | -5.82% |
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