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Shinkong Synthetic Fibers Corporation (1409) AI Stock Analysis

TW:1409

Shinkong Synthetic Fibers Corporation

(TWSE:1409)

Select Model
Rating:57Neutral
Price Target:TWD 22.00â–¼(-3.72% Downside)
Action:initiatedcoverage
Date:11/10/26

The score is constrained primarily by declining operating performance, significant leverage, inconsistent cash generation, and weak technical momentum. Attractive valuation and dividend yield provide meaningful support, while oversold indicators offer limited additional upside potential.

Positive Factors
Recovered ProfitabilityThe recovery in profitability from the 2023 trough shows that the company retains positive earnings power despite cyclical pressure. Operating and EBITDA margins provide a foundation for continued reinvestment and indicate that the core polyester materials business remains economically viable.
Negative Factors
Revenue Contraction and VolatilityThe recent revenue decline and history of volatility indicate that demand and earnings remain exposed to cyclical conditions. Weaker topline performance can limit operating leverage, reduce capacity to absorb costs, and make sustained profit improvement harder over the next several quarters.

Shinkong Synthetic Fibers Corporation (1409) vs. SPDR S&P 500 ETF (SPY)

-25%0%25%50%75%100%125%TW:1409+53.95%SPY+14.28%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
TWD 36.00B
Dividend Yield
3.94%
Average Volume (3M)
14.65M
Price to Earnings (P/E)
10.4
Beta (1Y)
0.88
Revenue Growth
-7.23%
EPS Growth
195.60%
Country
TW
Employees
3,831
Sector
General
Sector Strength
55
Industry
Chemicals - Specialty

Shinkong Synthetic Fibers Corporation Business Overview & Revenue Model

Company Description

Shinkong Synthetic Fibers Corporation, established in 1967 and headquartered in Taipei City, Taiwan, functions as an international manufacturer and supplier of a diverse range of polyester-based materials and associated goods. The company's core oper...

Shinkong Synthetic Fibers Corporation Financial Statement Overview

Summary

Moderate financial quality: improved net income and positive cash flow are offset by declining revenue, weaker margins, elevated leverage, and volatile cash generation.

Income Statement

58Neutral

Balance Sheet

45Neutral

Cash Flow

42Neutral
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue39.25B37.51B44.95B38.98B44.63B43.64B
Gross Profit10.45B8.45B9.96B7.00B9.43B11.59B
EBITDA7.57B5.46B7.41B5.23B7.47B8.21B
Net Income3.53B1.92B1.71B764.41M2.82B3.89B
Balance Sheet
Total Assets253.99B225.60B214.29B195.04B181.73B196.03B
Cash, Cash Equivalents and Short-Term Investments31.49B31.48B25.71B21.34B20.86B24.45B
Total Debt70.04B64.81B63.84B54.22B43.66B43.09B
Total Liabilities194.57B172.73B164.67B148.20B135.65B149.71B
Stockholders Equity47.73B41.41B38.08B36.35B35.48B36.09B
Cash Flow
Free Cash Flow-8.27B1.83B-8.41B-8.88B205.22M-5.44B
Operating Cash Flow-6.81B2.92B-6.55B-5.35B2.47B-2.56B
Investing Cash Flow-3.76B-2.28B-3.13B-3.57B2.40B-2.52B
Financing Cash Flow12.76B668.32M8.84B8.24B-4.38B3.64B

Shinkong Synthetic Fibers Corporation Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TW:1409 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
TW:4763TW:476373OutperformTWD 42.98B10.47―7.00%-36.33%-49.76%
TW:4772TW:477268NeutralTWD 32.12B37.98―1.38%163.69%66.91%
TW:1409TW:140957NeutralTWD 36.07B10.43―3.94%-7.23%195.60%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
TW:1434TW:143452NeutralTWD 29.61B20.00―2.87%-6.35%147.91%
TW:1440TW:144045NeutralTWD 20.96B145.83―2.38%-12.69%―
TW:1314TW:131432UnderperformTWD 28.88B-9.58――-34.68%-40.38%

* General Sector Average

Performance Comparison

0%50%100%TW:1409TW:1314TW:1434TW:1440TW:4763TW:4772Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TW:1409 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TW:1409Shinkong Synthetic Fibers Corporation22.858.1154.97%
TW:1314China Petrochemical Development Corporation7.56-1.32-14.86%
TW:1434Formosa Taffeta Co., Ltd.17.401.328.22%
TW:1440Tainan Spinning Co., Ltd.12.60-1.43-10.19%
TW:4763Jinan Acetate Chemical Co., Ltd.43.55-8.99-17.11%
TW:4772Taiwan Speciality Chemicals Corporation218.00-77.33-26.19%
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