Taita Chemical Co., Ltd. (1309) AI Stock Analysis

Taita Chemical Co., Ltd.

(TWSE:1309)

Select Model

Rating:46Neutral

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

Action:initiatedcoverage

Date:11/10/26

The score is primarily constrained by sharply deteriorating profitability, negative earnings, and a bearish technical trend. Low leverage and recovering cash flow offer meaningful but insufficient support, while the negative P/E limits valuation appeal.

Positive Factors

Moderate LeverageModerate leverage provides Taita Chemical with greater financial flexibility than a heavily debt-funded business. A debt-to-equity ratio around 0.27 may reduce refinancing pressure and preserve capacity to support operations or pursue investment while earnings recover.

Negative Factors

Multi-Year LossesPersistent losses across 2023–2025 indicate that the recent weakness is not limited to a single reporting period. Continued negative earnings reduce retained capital, weaken return potential, and make it harder for the company to fund growth or absorb further operating pressure.

Taita Chemical Co., Ltd. (1309) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 4.71B
Dividend Yield: 1.32%
Average Volume (3M): 2.03M
Price to Earnings (P/E): -5.9
Beta (1Y): 0.22
Revenue Growth: -21.95%
EPS Growth: -118.18%
Country: TW
Employees: 503
Sector: General
Sector Strength: 55
Industry: Chemicals - Specialty

Taita Chemical Co., Ltd. Business Overview & Revenue Model

Company Description

Taita Chemical Company, Limited, established in 1960 and based in Taipei, Taiwan, is a prominent manufacturer and distributor of styrenic polymers. The company's market footprint spans Taiwan, Mainland China, Hong Kong, and the United States. Its pri...

Taita Chemical Co., Ltd. Financial Statement Overview

Summary

Financial performance is weak overall: revenue declined, margins compressed, and EBIT, EBITDA, and net income were negative. A low-leverage balance sheet and improved operating and free cash flow provide partial support, but sustained losses and negative return on equity remain significant risks.

Income Statement

15Very Negative

Balance Sheet

75Positive

Cash Flow

65Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	12.58B	14.49B	18.62B	15.21B	18.08B	20.77B
Gross Profit	380.72M	592.05M	878.09M	435.58M	1.76B	3.39B
EBITDA	-310.47M	-209.65M	27.29M	-110.75M	762.07M	2.61B
Net Income	-599.53M	-427.37M	-223.01M	-273.54M	412.08M	1.85B
Balance Sheet
Total Assets	8.40B	8.57B	9.84B	8.89B	9.24B	10.74B
Cash, Cash Equivalents and Short-Term Investments	1.93B	2.64B	2.69B	2.39B	3.08B	3.30B
Total Debt	1.98B	1.56B	1.87B	858.76M	488.37M	692.94M
Total Liabilities	3.03B	2.82B	3.54B	2.24B	2.03B	3.08B
Stockholders Equity	5.38B	5.75B	6.30B	6.65B	7.21B	7.66B
Cash Flow
Free Cash Flow	-872.61M	567.56M	-852.14M	-625.51M	960.91M	607.58M
Operating Cash Flow	-711.94M	734.49M	-661.46M	-243.16M	1.10B	736.22M
Investing Cash Flow	87.41M	-572.64M	-1.61B	-356.07M	-100.35M	-91.28M
Financing Cash Flow	145.75M	-383.60M	892.06M	173.12M	-958.56M	-490.80M

Taita Chemical Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:1309 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:4721	63Neutral	TWD 5.16B	13.89	―	3.34%	7.38%	85.69%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:1309	46Neutral	TWD 4.53B	-5.88	―	1.32%	-21.95%	-118.18%
TW:3663	40Underperform	TWD 5.27B	138.44	―	0.82%	36.60%	147.36%
TW:1310	39Underperform	TWD 4.36B	-4.59	―	―	-22.92%	-31.12%

* General Sector Average

Performance Comparison

TW:1309 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:1309	Taita Chemical Co., Ltd.	11.40	0.46	4.22%
TW:1310	Taiwan Styrene Monomer Corporation	8.26	-0.64	-7.19%
TW:3585	Advance Materials Corporation	47.60	33.55	238.79%
TW:3663	ThinTech Materials Technology Co., Ltd.	48.55	2.00	4.30%
TW:4721	Mechema Chemicals International Corp.	68.80	1.33	1.97%
TW:7742	Uranus Chemicals Co. Ltd.	73.00	38.65	112.52%

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

Taita Chemical Co., Ltd. AI Stock Analysis