USI Corporation (1304) AI Stock Analysis

USI Corporation

(TWSE:1304)

Select Model

Rating:46Neutral

Price Target:TWD 11.00▼(-3.51% Downside)

Action:initiatedcoverage

Date:11/10/26

The score is primarily constrained by deteriorating profitability, declining equity, increased leverage, and weak cash generation. Bearish technical indicators and a negative P/E ratio add further pressure, while the modest dividend yield and oversold momentum readings provide only limited support.

Positive Factors

Integrated EMS/ODM capabilitiesUSI’s combined design, engineering, manufacturing, and production-management offering can deepen customer relationships and increase switching costs. This integrated EMS/ODM model supports participation across the product lifecycle and provides a platform for recovery if electronics demand and execution improve.

Negative Factors

Severe profitability deteriorationThe collapse in gross and net margins materially weakens earnings quality and reduces the buffer available to absorb operating setbacks. Negative operating profit also limits internally generated funding for investment, while sustained losses could further impair the company’s capital base.

USI Corporation (1304) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 12.22B
Dividend Yield: 1.32%
Average Volume (3M): 3.02M
Price to Earnings (P/E): -6.2
Beta (1Y): 0.41
Revenue Growth: -9.36%
EPS Growth: 30.01%
Country: TW
Employees: 4,931
Sector: General
Sector Strength: 55
Industry: Chemicals - Specialty

USI Corporation Business Overview & Revenue Model

Company Description

USI Corporation operates as a globally active enterprise involved in the creation, production, and sale of a diverse spectrum of chemical and plastic items across continents including Asia, North America, Europe, Africa, and Oceania. Its core busines...

USI Corporation Financial Statement Overview

Summary

Weak financial performance, driven by sharply lower revenue and margins, a substantial 2025 net loss, negative free cash flow, declining equity, and higher leverage. Positive assets, equity, and operating cash flow provide limited support.

Income Statement

10Very Negative

Balance Sheet

35Negative

Cash Flow

20Very Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	42.21B	44.17B	51.01B	52.26B	66.44B	71.76B
Gross Profit	2.53B	1.35B	2.30B	5.61B	10.94B	17.75B
EBITDA	3.54B	8.23M	1.41B	5.02B	9.48B	15.98B
Net Income	-1.91B	-6.41B	-2.15B	-207.01M	1.56B	5.19B
Balance Sheet
Total Assets	64.72B	63.26B	71.83B	74.07B	77.74B	84.83B
Cash, Cash Equivalents and Short-Term Investments	9.91B	11.38B	14.76B	15.92B	14.76B	16.60B
Total Debt	22.86B	20.83B	20.88B	18.11B	16.41B	16.74B
Total Liabilities	29.80B	27.80B	29.06B	26.53B	26.82B	29.18B
Stockholders Equity	17.61B	17.51B	20.80B	23.25B	24.50B	25.46B
Cash Flow
Free Cash Flow	-5.43B	-2.80B	-2.23B	1.25B	6.97B	5.28B
Operating Cash Flow	-932.88M	889.28M	1.49B	4.76B	9.75B	8.93B
Investing Cash Flow	-3.37B	-4.05B	-6.89B	-4.59B	-2.51B	-3.37B
Financing Cash Flow	2.08B	-466.60M	1.42B	-587.38M	-6.76B	-4.75B

USI Corporation Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:1304 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:2108	64Neutral	TWD 13.32B	14.16	―	3.72%	12.61%	105.71%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:1304	46Neutral	TWD 12.12B	-6.20	―	1.32%	-9.36%	30.01%
TW:4707	45Neutral	TWD 11.15B	21.39	―	0.92%	-9.16%	67.21%
TW:1718	42Neutral	TWD 12.37B	16.17	―	―	-11.78%	―
TW:4722	42Neutral	TWD 14.73B	46.70	―	0.84%	5.35%	71.97%
TW:1710	39Underperform	TWD 13.95B	-20.30	―	―	-13.29%	-157.29%

* General Sector Average

Performance Comparison

TW:1304 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:1304	USI Corporation	11.40	0.23	2.03%
TW:1710	Oriental Union Chemical Corp.	16.95	4.20	32.94%
TW:1718	China Man-Made Fiber Corporation	9.54	2.58	37.07%
TW:2108	NANTEX INDUSTRY CO LTD	26.90	4.47	19.94%
TW:4707	Pan Asia Chemical Corp.	27.30	17.85	188.80%
TW:4722	Qualipoly Chemical Corp.	141.00	-30.34	-17.71%

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 10, 2026

USI Corporation AI Stock Analysis