Hunya Foods Co. Ltd. (1236) AI Stock Analysis

Hunya Foods Co. Ltd.

(TWSE:1236)

Select Model

Rating:56Neutral

Price Target:TWD 28.00▲(4.28% Upside)

Action:initiatedcoverage

Date:11/09/26

Hunya Foods scores in the middle of the range. The dominant drag is profitability: declining revenue, two straight years of net losses, negative operating income and free cash flow that remains slightly negative after capital spending. This is partially balanced by an unusually strong balance sheet — leverage cut to 0.21 debt-to-equity, equity funding 71% of assets — and a solid rebound in operating cash flow, which shows the losses are largely non-cash. Technically the stock is the brightest spot, trading above all key moving averages with positive MACD momentum, though the stochastic reading signals the advance is becoming stretched near term. Valuation is mixed: the P/E is meaningless due to losses, while a 6.18% dividend yield is appealing but of uncertain sustainability. Low beta adds defensive appeal for conservative investors awaiting a turnaround in sales and margins.

Positive Factors

Improving Balance SheetLower leverage and declining total debt strengthen financial resilience and reduce balance-sheet risk. With equity representing a large share of capital, the company has a more durable foundation to manage operating volatility and fund priorities over the coming quarters.

Negative Factors

Recent LossesSustained losses weaken the company’s ability to reinvest, strengthen equity, and generate shareholder value from its operations. The negative margins also indicate that current pricing, volume, or cost structures are not yet producing dependable profitability, making earnings recovery an important fundamental risk.

Hunya Foods Co. Ltd. (1236) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 2.33B
Dividend Yield: 6.15%
Average Volume (3M): 72.10K
Price to Earnings (P/E): -383.6
Beta (1Y): 0.17
Revenue Growth: -2.79%
EPS Growth: ―
Country: TW
Employees: 114
Sector: General
Sector Strength: 55
Industry: Food Confectioners

Hunya Foods Co. Ltd. Business Overview & Revenue Model

Company Description

Hunya Foods Co., Ltd. engages in manufacturing, processing, and trading of confectionery, biscuits, chocolates, mooncakes, pastries, bread, and cakes. It operates through 77 Operations, Rivon Operations, and Croissant Operations segments. The company...

Hunya Foods Co. Ltd. Financial Statement Overview

Summary

A weak earnings profile is only partly offset by a strong balance sheet. Revenue fell to about NT$1.81 billion from NT$1.98 billion, and the company posted a second consecutive net loss (about -NT$36.9 million) with negative operating income of roughly -NT$42.7 million. Gross margin has drifted lower to 25.3%, showing insufficient operating leverage against fixed costs. The balance sheet is the clear strength: debt was cut to about NT$530 million from NT$946 million, leverage is conservative at 0.21 debt-to-equity, and equity funds roughly 71% of assets. Cash flow improved materially, with operating cash flow rebounding to about NT$126.7 million, but capital spending of around NT$133 million left free cash flow slightly negative for the fourth time in six years. The financial foundation provides time to recover, but sales stabilization and a return to operating profit are essential.

Income Statement

33Negative

Balance Sheet

68Positive

Cash Flow

42Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.85B	1.81B	1.98B	1.93B	2.11B	1.76B
Gross Profit	414.19M	459.50M	509.17M	537.48M	568.73M	452.29M
EBITDA	186.24M	210.56M	177.84M	229.34M	666.46M	153.08M
Net Income	-5.45M	-36.92M	-24.08M	15.69M	424.16M	-27.36M
Balance Sheet
Total Assets	3.58B	3.54B	4.10B	3.83B	4.12B	3.46B
Cash, Cash Equivalents and Short-Term Investments	65.15M	37.00M	74.29M	118.83M	68.22M	216.88M
Total Debt	441.13M	530.25M	946.24M	814.99M	581.09M	780.05M
Total Liabilities	963.25M	1.01B	1.55B	1.42B	1.19B	1.33B
Stockholders Equity	2.61B	2.52B	2.55B	2.41B	2.93B	2.13B
Cash Flow
Free Cash Flow	131.04M	-6.73M	-272.03M	110.00M	-162.99M	75.56M
Operating Cash Flow	213.33M	126.70M	3.50M	273.22M	151.41M	165.00M
Investing Cash Flow	358.39M	312.08M	-124.51M	-106.24M	17.43M	-141.69M
Financing Cash Flow	-549.47M	-476.07M	76.47M	-118.34M	-312.89M	98.71M

Hunya Foods Co. Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:1236 against its peers
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:7757	72Outperform	TWD 2.17B	14.23	―	8.60%	―	―
TW:1259	56Neutral	TWD 2.06B	17.98	―	1.89%	2.00%	298.30%
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:1235	44Neutral	TWD 2.57B	-116.61	―	1.53%	43.28%	34.56%

* General Sector Average

Performance Comparison

TW:1236 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:1236	Hunya Foods Co. Ltd.	26.85	3.09	13.01%
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:1259	An-Shin Food Services Co., Ltd.	63.60	0.83	1.32%
TW:7708	Family International Gourmet Co Ltd	90.00	-5.56	-5.82%
TW:7757	Lebledor F&B Co Ltd	90.10	-25.20	-21.86%

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

Hunya Foods Co. Ltd. AI Stock Analysis