Victory New Materials Ltd. Co. AI Stock Analysis
Victory New Materials Ltd. Co. (1340) AI Stock Analysis
Victory New Materials Ltd. Co.
(TWSE:1340)
The score is driven primarily by severely impaired financial performance: revenue has nearly disappeared, gross margins have been negative for six straight years, and continued losses and cash burn are steadily consuming the equity base, pointing to elevated going-concern risk. A low-debt, equity-funded balance sheet and the meaningful narrowing of losses and cash outflows provide modest offsets. Technicals reinforce the caution, with the price below all key moving averages and negative MACD momentum, although deeply oversold RSI and Stochastic readings hint at scope for a short-term bounce. Valuation adds no cushion given negative earnings and the absence of a dividend.
Victory New Materials Ltd. Co. (1340) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 727.91M
- Dividend Yield
- ―
- Average Volume (3M)
- 121.19K
- Price to Earnings (P/E)
- -2.1
- Beta (1Y)
- 0.21
- Revenue Growth
- -84.09%
- EPS Growth
- 50.07%
- Country
- TW
- Employees
- 8,506
- Sector
- General
- Sector Strength
- 55
- Industry
- Apparel - Footwear & Accessories
Victory New Materials Ltd. Co. Business Overview & Revenue Model
Company Description
Victory New Materials Limited Company manufactures and sells shoe materials in China and internationally. The company offers secondary molding soles, one injection soles, one injection monochrome slippers, injected styrofoam plastic molding soles, on...
Victory New Materials Ltd. Co. Financial Statement Overview
Summary
Financials are very weak across all three statements. Revenue has collapsed from NT$656 million in 2020 to roughly NT$42 million in the latest year, and gross profit has been negative for six consecutive years, meaning products are sold below production cost. Net losses of NT$808 million in 2024 and NT$398 million in the latest year have more than halved shareholders' equity since 2020, and both operating (-NT$59.8 million) and free cash flow (-NT$193.9 million) remain negative. The only offsets are a conservatively financed balance sheet (debt-to-equity near 0.11, equity funding ~89% of assets) and a clear narrowing of losses and cash burn, though this appears driven by shrinking the business rather than an operating turnaround.
Income Statement
5Very NegativeBalance Sheet
36NegativeCash Flow
10Very Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 47.61M | 42.39M | 376.37M | 562.08M | 499.23M | 650.63M |
| Gross Profit | -78.46M | -36.48M | -133.68M | -210.32M | -253.05M | -378.87M |
| EBITDA | -252.36M | -245.21M | -676.84M | -764.21M | -344.83M | -465.39M |
| Net Income | -382.21M | -398.41M | -808.03M | -861.73M | -429.88M | -512.49M |
Balance Sheet | ||||||
| Total Assets | 3.09B | 2.94B | 3.32B | 4.10B | 4.79B | 5.15B |
| Cash, Cash Equivalents and Short-Term Investments | 536.50M | 555.80M | 684.61M | 986.91M | 1.83B | 2.55B |
| Total Debt | 284.97M | 275.68M | 210.22M | 207.44M | 21.75M | 2.42M |
| Total Liabilities | 419.54M | 333.96M | 317.29M | 374.26M | 140.79M | 163.90M |
| Stockholders Equity | 2.67B | 2.61B | 3.00B | 3.72B | 4.65B | 4.99B |
Cash Flow | ||||||
| Free Cash Flow | -259.74M | -193.90M | -314.84M | -937.78M | -769.98M | -748.86M |
| Operating Cash Flow | -45.01M | -59.80M | -297.11M | -272.62M | -362.58M | -457.81M |
| Investing Cash Flow | -218.26M | -133.21M | 315.95M | -383.68M | -234.47M | -1.15B |
| Financing Cash Flow | 118.47M | 65.46M | -2.78M | 200.60M | -24.69M | -23.00M |
Victory New Materials Ltd. Co. Peers Comparison
Overall Rating
TW:842362Neutral
TW:132443Neutral
TW:455843Neutral- TW:134040Underperform
TW:206432Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:8423 | 62Neutral | TWD 727.91M | 16.17 | ― | 4.01% | 0.28% | 66.15% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:1324 | 43Neutral | TWD 709.90M | -29.52 | ― | 2.12% | -12.03% | 25.26% |
| TW:4558 | 43Neutral | TWD 847.50M | 19.09 | ― | ― | 10.33% | ― |
| TW:1340 | 40Underperform | TWD 730.97M | -2.10 | ― | ― | -84.09% | 50.07% |
| TW:2064 | 32Underperform | TWD 766.23M | 555.00 | ― | ― | 8.38% | ― |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:1340 | Victory New Materials Ltd. Co. | 4.83 | -2.28 | -32.07% | |
| TW:1324 | Globe Industries Corp. Ltd. | 9.27 | -1.38 | -12.96% | |
| TW:2064 | Camellia Metal Co., Ltd. | 11.25 | -1.25 | -10.00% | |
| TW:4558 | Alformer Industrial Co Ltd | 17.95 | -2.50 | -12.22% | |
| TW:7862 | AceGreen Eco-Material Technology Co Ltd | 16.25 | -35.53 | -68.62% | |
| TW:8423 | Polygreen Resources Co., Ltd. | 17.65 | 0.77 | 4.56% |
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