Asia Plastic Recycling Holding Limited AI Stock Analysis
Asia Plastic Recycling Holding Limited (1337) AI Stock Analysis
Asia Plastic Recycling Holding Limited
(TWSE:1337)
The score sits near the bottom of the range, driven primarily by severely weak financials: six straight years of negative gross margins, shrinking revenue, widening operating cash burn and heavy negative free cash flow, with an equity base that has eroded roughly 37% since 2020 as debt has risen. Technicals reinforce the caution, with the stock below all key moving averages and a negative MACD, though deeply oversold readings suggest the selling may be stretched. Valuation adds no cushion given negative earnings and the absence of a dividend. Overall, the shares should be viewed as highly speculative until the company demonstrates a credible path to positive gross margins and self-funding operations.
Asia Plastic Recycling Holding Limited (1337) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 1.05B
- Dividend Yield
- ―
- Average Volume (3M)
- 316.36K
- Price to Earnings (P/E)
- -2.1
- Beta (1Y)
- 0.24
- Revenue Growth
- -13.60%
- EPS Growth
- -6.67%
- Country
- TW
- Employees
- 1,939
- Sector
- General
- Sector Strength
- 55
- Industry
- Chemicals - Specialty
Asia Plastic Recycling Holding Limited Business Overview & Revenue Model
Company Description
Asia Plastic Recycling Holding Limited engages in the research and development, manufacture, and sale of ethylene-vinyl acetate copolymer foam materials through recycling and reuse of EVA and PE waste plastic scraps in China. Its EVA foam materials a...
Asia Plastic Recycling Holding Limited Financial Statement Overview
Summary
Fundamentals are distressed. Revenue fell about 19% to NT$663.5 million in FY2025 and gross profit has been negative for six consecutive years (-36.9% gross margin), meaning products are sold below production cost. Operating margin (-60.5%) and net margin (-70.4%) produced a NT$466.9 million loss, while operating cash flow deteriorated to -NT$340.5 million and free cash flow was -NT$944.9 million. The balance sheet is the only relative support: NT$3.67 billion of equity and debt-to-equity near 0.38, but equity has eroded roughly 37% since 2020 while debt has climbed from zero, raising financing and dilution risk. Narrowing EBITDA and free-cash-flow burn are modest positives.
Income Statement
5Very NegativeBalance Sheet
38NegativeCash Flow
6Very Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 602.28M | 663.54M | 817.36M | 772.03M | 643.60M | 1.11B |
| Gross Profit | -204.29M | -244.82M | -98.89M | -153.33M | -226.82M | -194.72M |
| EBITDA | -154.33M | -171.97M | -288.98M | -248.33M | -311.66M | -246.64M |
| Net Income | -490.16M | -466.89M | -414.49M | -411.49M | -530.57M | -476.14M |
Balance Sheet | ||||||
| Total Assets | 6.36B | 6.33B | 6.30B | 4.58B | 5.07B | 5.51B |
| Cash, Cash Equivalents and Short-Term Investments | 1.06B | 1.52B | 1.89B | 1.14B | 2.52B | 2.82B |
| Total Debt | 1.40B | 1.38B | 1.41B | 0 | 0 | 0 |
| Total Liabilities | 2.78B | 2.67B | 2.17B | 181.94M | 173.89M | 207.85M |
| Stockholders Equity | 3.58B | 3.67B | 4.14B | 4.40B | 4.89B | 5.30B |
Cash Flow | ||||||
| Free Cash Flow | -1.01B | -944.88M | -1.17B | -1.35B | -347.77M | -357.51M |
| Operating Cash Flow | -201.58M | -340.49M | -206.34M | -263.79M | -329.88M | -315.39M |
| Investing Cash Flow | -479.26M | -3.25M | -491.19M | 225.19M | -17.89M | 392.12M |
| Financing Cash Flow | -66.33M | -30.51M | 1.40B | 0 | 0 | 145.10M |
Asia Plastic Recycling Holding Limited Peers Comparison
Overall Rating
TW:677168Neutral
TW:844053Neutral
TW:697148Neutral
TW:443339Underperform- TW:133739Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:6771 | 68Neutral | TWD 1.12B | 12.46 | ― | 8.91% | -11.55% | -29.64% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:8440 | 53Neutral | TWD 967.41M | 19.55 | ― | 2.86% | -11.62% | 497.82% |
| TW:6971 | 48Neutral | TWD 986.03M | 10.84 | ― | 5.88% | ― | ― |
| TW:4433 | 39Underperform | TWD 971.60M | 14.03 | ― | 6.31% | -1.86% | ― |
| TW:1337 | 39Underperform | TWD 1.05B | -2.13 | ― | ― | -13.60% | -6.67% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:1337 | Asia Plastic Recycling Holding Limited | 3.90 | -1.21 | -23.68% | |
| TW:4433 | Singtex Industrial Co., Ltd. | 15.85 | -3.73 | -19.05% | |
| TW:6771 | Ping Ho Environmental.Technology Co. Ltd. | 35.90 | -9.18 | -20.36% | |
| TW:6971 | Hui Min Environmental Tech Corp. | 25.50 | -6.35 | -19.94% | |
| TW:7578 | Revivegen Environmental Technology Co., Ltd. | 21.40 | -7.45 | -25.81% | |
| TW:8440 | E&E Recycling, Inc. | 19.25 | -6.09 | -24.02% |
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