Hiroca Holdings Ltd. (1338) AI Stock Analysis

Hiroca Holdings Ltd.

(TWSE:1338)

Select Model

Rating:40Underperform

Price Target:TWD 12.50▼(-6.02% Downside)

Action:initiatedcoverage

Date:11/10/26

The score is primarily constrained by deteriorating profitability, declining revenue, negative free cash flow, and rising leverage. Bearish technical momentum and a negative P/E add risk, while the solid equity base, positive operating cash flow, dividend yield, and oversold indicators provide limited support.

Positive Factors

Stable Gross MarginsStable gross margins indicate that underlying product economics have remained resilient despite declining revenue and operating losses. This provides a foundation for recovery if management can restore sales growth and control operating costs, although it does not by itself ensure future profitability.

Negative Factors

Revenue Contraction and LossesThe sharp revenue contraction and extended period of net losses point to weakened business performance rather than a temporary earnings fluctuation. Negative EBIT reduces the company’s ability to reinvest from profits, weakens shareholder returns, and makes a durable recovery dependent on restoring revenue and operating efficiency.

Hiroca Holdings Ltd. (1338) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 1.08B
Dividend Yield: 2.34%
Average Volume (3M): 89.56K
Price to Earnings (P/E): -6.1
Beta (1Y): 0.49
Revenue Growth: 1.66%
EPS Growth: 29.65%
Country: TW
Employees: 126
Sector: General
Sector Strength: 55
Industry: Auto - Parts

Hiroca Holdings Ltd. Business Overview & Revenue Model

Company Description

Hiroca Holdings Ltd., through its subsidiaries, produces and sells various automotive trim parts, electronic plastic parts, plastic hollow board boxes, and molds in China, the United States, and internationally. Hiroca Holdings Ltd. was founded in 19...

Hiroca Holdings Ltd. Financial Statement Overview

Summary

Weak profitability and declining revenue, negative net income, and negative free cash flow outweigh the moderately solid balance sheet and positive operating cash flow.

Income Statement

25Negative

Balance Sheet

65Positive

Cash Flow

30Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	5.21B	5.23B	5.09B	5.76B	7.34B	7.31B
Gross Profit	1.07B	1.05B	1.13B	1.27B	1.50B	1.54B
EBITDA	554.83M	526.62M	792.53M	681.13M	964.48M	1.10B
Net Income	-175.25M	-182.26M	-95.05M	-164.32M	136.33M	339.07M
Balance Sheet
Total Assets	13.73B	13.65B	10.67B	11.28B	11.09B	11.71B
Cash, Cash Equivalents and Short-Term Investments	2.23B	2.29B	2.77B	3.02B	2.39B	2.43B
Total Debt	5.12B	4.49B	2.34B	3.14B	2.63B	2.89B
Total Liabilities	7.49B	7.44B	4.32B	4.85B	4.35B	5.11B
Stockholders Equity	5.84B	5.82B	6.02B	6.10B	6.45B	6.35B
Cash Flow
Free Cash Flow	110.76M	-272.73M	192.74M	428.35M	429.88M	-563.76M
Operating Cash Flow	941.20M	675.70M	612.02M	950.15M	1.01B	406.32M
Investing Cash Flow	-753.38M	-806.75M	-415.77M	-529.37M	-573.69M	-952.77M
Financing Cash Flow	-224.29M	-336.11M	-686.20M	431.12M	-582.72M	690.90M

Hiroca Holdings Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:1338 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:2235	64Neutral	TWD 1.02B	21.04	―	5.28%	-7.77%	4.84%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:2063	53Neutral	TWD 1.16B	12.13	―	2.27%	-11.29%	-12.54%
TW:4528	45Neutral	TWD 1.18B	-20.70	―	1.42%	-3.33%	-515.57%
TW:2230	40Underperform	TWD 1.29B	-8.86	―	3.20%	-4.47%	-514.66%
TW:1338	40Underperform	TWD 1.12B	-6.10	―	2.34%	1.66%	29.65%

* General Sector Average

Performance Comparison

TW:1338 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:1338	Hiroca Holdings Ltd.	13.30	-7.62	-36.42%
TW:2063	Sheh Kai Precision Co., Ltd.	22.00	-0.66	-2.92%
TW:2230	C.T.I. Traffic Industries Co., Ltd.	19.00	-81.55	-81.10%
TW:2235	I Yuan Precision Industrial Co. Ltd.	28.40	-3.86	-11.96%
TW:4528	Chian Hsing Forging Industrial Co., Ltd.	14.05	-3.05	-17.83%
TW:4589	Motion Technology Electric & Machinery Co. Ltd.	44.20	8.18	22.69%

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

Hiroca Holdings Ltd. AI Stock Analysis