Carnival Industrial Corporation (1417) AI Stock Analysis

Carnival Industrial Corporation

(TWSE:1417)

Select Model

Rating:61Neutral

Price Target:TWD 8.50▲(7.32% Upside)

Action:initiatedcoverage

Date:11/10/26

The overall score is supported primarily by the strong balance sheet and earnings recovery, but constrained by weak cash-flow performance and unfavorable technical momentum. Moderate valuation and the dividend yield provide secondary support.

Positive Factors

Conservative LeverageA conservative capital structure gives Carnival Industrial greater resilience during cyclical pressure and reduces the risk that interest obligations constrain operations. Substantial equity relative to assets also preserves financial flexibility to support investment or absorb weaker trading conditions.

Negative Factors

Weak Operating ProfitabilityNegative operating profitability means the core business has not yet demonstrated dependable earnings power, even though reported net income recovered. Without improvement in underlying operations, future profits may remain vulnerable to changes in demand, pricing, or operating costs.

Carnival Industrial Corporation (1417) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 1.50B
Dividend Yield: 3.16%
Average Volume (3M): 146.23K
Price to Earnings (P/E): 17.9
Beta (1Y): 0.26
Revenue Growth: 7.88%
EPS Growth: ―
Country: TW
Employees: 380
Sector: General
Sector Strength: 55
Industry: Apparel - Retail

Carnival Industrial Corporation Business Overview & Revenue Model

Company Description

Carnival Industrial Corporation manufactures and sells garments and apparels in Taiwan and internationally. The company’s products include suits and career wear for men; womenswear; and dining or homeware products. It is also involved in curtain fabr...

Carnival Industrial Corporation Financial Statement Overview

Summary

Earnings recovery and a strong, lightly levered balance sheet are offset by thin operating profitability and sharply weaker cash-flow conversion. The score reflects the income statement score of 62, balance sheet score of 86, and cash flow score of 47.

Income Statement

62Positive

Balance Sheet

86Very Positive

Cash Flow

47Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	409.25M	403.83M	603.20M	1.50B	1.51B	1.32B
Gross Profit	227.60M	216.22M	137.16M	499.45M	436.14M	639.68M
EBITDA	-8.87M	9.99M	-108.76M	43.35M	203.97M	155.41M
Net Income	97.54M	117.25M	-154.49M	-69.48M	-48.48M	97.71M
Balance Sheet
Total Assets	2.76B	2.81B	2.90B	3.58B	4.50B	3.98B
Cash, Cash Equivalents and Short-Term Investments	1.46B	1.47B	1.46B	1.65B	1.77B	1.37B
Total Debt	110.02M	198.73M	320.11M	564.40M	1.22B	733.51M
Total Liabilities	395.43M	468.63M	582.41M	993.25M	1.79B	1.30B
Stockholders Equity	2.36B	2.34B	2.32B	2.59B	2.70B	2.69B
Cash Flow
Free Cash Flow	124.31M	45.67M	62.26M	486.07M	-235.66M	-598.87M
Operating Cash Flow	137.57M	63.72M	67.66M	513.31M	-136.16M	-477.65M
Investing Cash Flow	-17.53M	182.09M	170.77M	100.28M	186.81M	-32.44M
Financing Cash Flow	-134.37M	-137.60M	-306.76M	-782.72M	404.53M	511.21M

Carnival Industrial Corporation Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:1417 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:1417	61Neutral	TWD 1.50B	17.89	―	3.16%	7.88%	―
TW:4401	59Neutral	TWD 1.63B	11.86	―	4.51%	-1.66%	44.21%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:1452	48Neutral	TWD 1.38B	-2311.11	―	1.92%	-15.11%	―
TW:1466	46Neutral	TWD 1.61B	-41.43	―	1.38%	-16.29%	28.23%
TW:1449	42Neutral	TWD 1.41B	-48.93	―	―	18.49%	-219.81%
TW:1454	36Underperform	TWD 1.47B	-12.77	―	0.83%	-16.18%	-29.64%

* General Sector Average

Performance Comparison

TW:1417 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:1417	Carnival Industrial Corporation	7.92	-0.44	-5.21%
TW:1449	Chia Her Industrial Co., Ltd.	11.00	0.41	3.83%
TW:1452	Hong Yi Fiber Industry Co., Ltd.	10.40	-1.23	-10.59%
TW:1454	Taiwan Taffeta Fabric Co., Ltd	12.00	-1.09	-8.35%
TW:1466	Acelon Chemicals & Fiber Corporation.	14.50	-0.36	-2.43%
TW:4401	Toung Loong Textile Mfg. Co., Ltd.	13.30	-3.55	-21.07%

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

Carnival Industrial Corporation AI Stock Analysis