Globe Industries Corp. Ltd. (1324) AI Stock Analysis

Globe Industries Corp. Ltd.

(TWSE:1324)

Select Model

Rating:42Neutral

Price Target:TWD 9.50▲(2.48% Upside)

Action:initiatedcoverage

Date:11/10/26

The score is driven primarily by deteriorating profitability and negative cash generation, with the conservative balance sheet providing a partial offset. Technical indicators are slightly weak, and the negative P/E reflects the company’s losses.

Positive Factors

Low LeverageConservative leverage reduces financing pressure and leaves the company less exposed to rising interest costs or refinancing needs. This provides greater flexibility to manage an operating downturn and preserve funds for recovery, investment, or other capital allocation priorities.

Negative Factors

Multi-Year Revenue ContractionSeveral consecutive years of declining revenue indicate sustained pressure on demand, pricing, or business scale rather than a single-period setback. Continued contraction can weaken operating leverage, reduce investment capacity, and make a durable earnings recovery more difficult.

Globe Industries Corp. Ltd. (1324) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 701.64M
Dividend Yield: 2.12%
Average Volume (3M): 52.00K
Price to Earnings (P/E): -21.6
Beta (1Y): 0.13
Revenue Growth: -12.03%
EPS Growth: 25.26%
Country: TW
Employees: 263
Sector: General
Sector Strength: 55
Industry: Industrial - Specialties

Globe Industries Corp. Ltd. Business Overview & Revenue Model

Company Description

Operating worldwide, Globe Industries Corporation focuses on the manufacturing and global trade of adhesive tapes. The company's diverse offerings include various PVC tapes, such as those for floor marking, can sealing, ductwork, electrical insulatio...

Globe Industries Corp. Ltd. Financial Statement Overview

Summary

Financial performance is weak overall: declining revenue, sharply compressed margins, a 61.3 million net loss, and negative operating and free cash flow outweigh the balance sheet strength from low debt and substantial equity.

Income Statement

18Very Negative

Balance Sheet

78Positive

Cash Flow

25Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	689.64M	733.98M	795.20M	921.41M	983.02M	1.08B
Gross Profit	104.72M	100.59M	143.90M	197.04M	153.79M	165.11M
EBITDA	16.42M	-22.50M	42.36M	82.19M	52.62M	51.37M
Net Income	-23.20M	-61.28M	6.83M	39.46M	4.80M	635.00K
Balance Sheet
Total Assets	1.12B	1.08B	1.17B	1.21B	1.18B	1.25B
Cash, Cash Equivalents and Short-Term Investments	389.72M	369.08M	429.77M	481.22M	396.87M	349.40M
Total Debt	116.05M	85.64M	75.87M	97.38M	88.73M	132.57M
Total Liabilities	221.90M	189.72M	198.12M	240.55M	222.82M	296.27M
Stockholders Equity	896.34M	892.55M	967.29M	971.10M	953.59M	949.04M
Cash Flow
Free Cash Flow	-12.41M	-61.88M	-11.42M	35.56M	52.84M	-39.94M
Operating Cash Flow	-2.89M	-7.07M	41.33M	82.44M	81.16M	-30.94M
Investing Cash Flow	-6.54M	-52.62M	-57.81M	-46.87M	-28.19M	-8.86M
Financing Cash Flow	-4.60M	-3.68M	-18.53M	-16.90M	-16.70M	-25.32M

Globe Industries Corp. Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:1324 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:4432	52Neutral	TWD 784.13M	3.26	―	2.58%	-14.51%	742.90%
TW:1324	42Neutral	TWD 709.90M	-21.55	―	2.12%	-12.03%	25.26%
TW:1340	40Underperform	TWD 730.97M	-2.13	―	―	-84.09%	50.07%
TW:8421	38Underperform	TWD 853.77M	30.81	―	―	10.54%	―
TW:8488	35Underperform	TWD 606.38M	-14.77	―	―	28.79%	51.37%

* General Sector Average

Performance Comparison

TW:1324 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:1324	Globe Industries Corp. Ltd.	9.27	-1.48	-13.77%
TW:1340	Victory New Materials Ltd. Co.	4.83	-2.20	-31.29%
TW:4432	Hakers Enterprise Co., Ltd.	15.50	-0.11	-0.72%
TW:7862	AceGreen Eco-Material Technology Co Ltd	16.25	-34.84	-68.20%
TW:8421	Xu Yuan Packaging Technology Co., Ltd.	14.00	1.92	15.87%
TW:8488	Jiyuan Packaging Holdings Ltd.	8.27	-1.93	-18.92%

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

Globe Industries Corp. Ltd. AI Stock Analysis