Shin Tai Industry Co. Ltd. (1235) AI Stock Analysis

Shin Tai Industry Co. Ltd.

(TWSE:1235)

Select Model

Rating:44Neutral

Price Target:TWD 31.00▼(-6.06% Downside)

Action:initiatedcoverage

Date:11/10/26

The score is primarily constrained by negative profitability and substantially negative cash flow. Improved revenue and a relatively strong, less-leveraged balance sheet provide support, while weak technical momentum and loss-based valuation remain secondary risks.

Positive Factors

Revenue GrowthThe latest year delivered meaningful top-line growth, indicating improving demand or sales activity. If sustained, this expansion can provide a broader base for operating leverage and help the company rebuild earnings capacity despite its recent profitability volatility.

Negative Factors

Weak Cash GenerationPersistent negative operating and free cash flow indicates that reported business activity has not consistently converted into usable cash. This can constrain internally funded growth, increase dependence on balance-sheet resources, and heighten execution and working-capital risk.

Shin Tai Industry Co. Ltd. (1235) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 1.51B
Dividend Yield: 1.52%
Average Volume (3M): 31.75K
Price to Earnings (P/E): -117.9
Beta (1Y): 0.45
Revenue Growth: 43.28%
EPS Growth: 34.56%
Country: TW
Employees: 19
Sector: General
Sector Strength: 55
Industry: Agricultural Farm Products

Shin Tai Industry Co. Ltd. Business Overview & Revenue Model

Company Description

Shin Tai Industry Co., Ltd., a Taiwanese enterprise founded in 1972 and based in Kaohsiung, specializes in the production and supply of a diverse array of animal nutrition products. The company's portfolio includes a range of aquaculture feeds, marke...

Shin Tai Industry Co. Ltd. Financial Statement Overview

Summary

Revenue grew 10.7% and leverage improved, but negative net income, declining gross margin, and sharply negative operating and free cash flow materially weaken the financial profile.

Income Statement

40Negative

Balance Sheet

72Positive

Cash Flow

15Very Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Mar 2023	Dec 2021
Income Statement
Total Revenue	200.73M	175.78M	112.70M	75.72M	63.03M	41.09M
Gross Profit	56.28M	48.26M	36.93M	20.96M	24.94M	15.41M
EBITDA	9.68M	8.30M	-100.14M	-87.28M	99.58M	100.38M
Net Income	-36.60M	-2.94M	7.19M	95.22M	169.19M	82.08M
Balance Sheet
Total Assets	5.14B	5.56B	6.65B	4.32B	3.61B	4.68B
Cash, Cash Equivalents and Short-Term Investments	709.48M	952.42M	2.05B	718.97M	266.35M	2.70B
Total Debt	1.89B	856.36M	1.21B	1.26B	1.09B	793.64M
Total Liabilities	2.27B	2.40B	3.00B	2.41B	1.91B	1.06B
Stockholders Equity	2.64B	2.90B	3.27B	1.72B	1.60B	3.61B
Cash Flow
Free Cash Flow	-57.78M	-138.00M	-52.59M	-74.68M	-39.78M	92.61M
Operating Cash Flow	-57.65M	-138.00M	-27.92M	-74.26M	-37.63M	93.59M
Investing Cash Flow	294.27M	859.67M	-460.40M	-217.06M	314.83M	317.62M
Financing Cash Flow	-290.78M	-687.40M	478.25M	344.17M	-420.99M	-298.67M

Shin Tai Industry Co. Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:1235 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:1240	57Neutral	TWD 2.55B	11.61	―	5.32%	5.31%	-6.78%
TW:6508	57Neutral	TWD 2.34B	26.65	―	1.83%	-14.31%	315.97%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:6952	48Neutral	TWD 2.70B	26.95	―	4.99%	54.46%	―
TW:1235	44Neutral	TWD 2.57B	-117.86	―	1.52%	43.28%	34.56%

* General Sector Average

Performance Comparison

TW:1235 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:1235	Shin Tai Industry Co. Ltd.	33.00	-13.48	-28.99%
TW:1240	Morn Sun Feed Mill Corp.	53.70	1.41	2.69%
TW:6508	Huikwang Corporation	27.25	3.86	16.50%
TW:6952	Dawushan Farm Technology Co Ltd	40.70	-3.65	-8.23%
TW:7850	Protect Animal Health Incorporation	21.50	-11.30	-34.45%
TW:8345	Super Qin Enterprise Co.,Ltd.	45.35	-1.73	-3.68%

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

Shin Tai Industry Co. Ltd. AI Stock Analysis