Ascent Development Co Ltd (1439) AI Stock Analysis

Ascent Development Co Ltd

(TWSE:1439)

Select Model

Rating:61.25Neutral

Price Target:TWD 30.00▲(5.08% Upside)

Action:initiatedcoverage

Date:11/10/26

The overall score of 61 reflects a company with significantly improved financials and an attractive valuation, but these strengths are tempered by weak technical momentum. The primary driver is the strong 2025 financial turnaround, though its sustainability is questioned by historical volatility. The low valuation provides a margin of safety, while the bearish technical indicators suggest the market is not yet convinced of the recovery.

Positive Factors

2025 Revenue and Profitability ReboundThe 2025 rebound shows that the company can produce substantial revenue and earnings when operating conditions are favorable. Healthy gross, EBIT, and net margins provide operating leverage and create internal resources for investment, debt servicing, and shareholder returns over the coming quarters.

Negative Factors

Volatile Earnings HistoryThe sharp swings between losses, negative operating profit, and the 2025 rebound reduce confidence that current margins represent a stable earnings base. This volatility makes forward planning less reliable and leaves results more exposed to changes in the development cycle over the next several quarters.

Ascent Development Co Ltd (1439) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 2.66B
Dividend Yield: 1.75%
Average Volume (3M): 33.86K
Price to Earnings (P/E): 9.3
Beta (1Y): 0.08
Revenue Growth: 160.15%
EPS Growth: 33.83%
Country: TW
Employees: 21
Sector: General
Sector Strength: 55
Industry: Real Estate - Development

Ascent Development Co Ltd Business Overview & Revenue Model

Company Description

Ascent Development Co., Ltd. focuses on manufacturing and selling wool tops and carbonized wool products. Its operations are organized into two primary divisions: Sales and Real Estate. The Sales segment handles the distribution of wool-based items,...

Ascent Development Co Ltd Financial Statement Overview

Summary

The 2025 results show a dramatic recovery with surging revenue and net income, and a swing to strong positive operating cash flow. However, this strength is offset by a history of extreme volatility, reliance on non-operating items, and a declining gross margin, making the sustainability of earnings a key risk.

Income Statement

65Positive

Balance Sheet

70Positive

Cash Flow

60Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	695.26M	813.10M	98.13M	199.19M	570.15M	78.80M
Gross Profit	177.11M	217.26M	42.31M	55.18M	124.14M	28.00K
EBITDA	79.23M	147.66M	216.04M	234.50M	28.75M	215.84M
Net Income	327.77M	295.73M	160.50M	184.40M	143.59M	128.27M
Balance Sheet
Total Assets	6.28B	5.90B	5.83B	5.31B	4.82B	2.89B
Cash, Cash Equivalents and Short-Term Investments	934.21M	841.78M	711.80M	726.69M	601.86M	773.47M
Total Debt	1.91B	1.79B	2.07B	1.92B	1.89B	607.87M
Total Liabilities	2.79B	2.45B	2.64B	2.19B	2.01B	624.37M
Stockholders Equity	3.01B	2.96B	2.77B	2.56B	2.27B	2.27B
Cash Flow
Free Cash Flow	170.86M	376.49M	-312.38M	-55.89M	-388.15M	-584.32M
Operating Cash Flow	170.45M	377.43M	-304.56M	-55.89M	-619.15M	-586.10M
Investing Cash Flow	130.88M	53.46M	138.63M	168.59M	220.88M	57.36M
Financing Cash Flow	-100.28M	-305.36M	65.20M	-29.36M	-33.77M	451.03M

Ascent Development Co Ltd Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:1439 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:6171	65Neutral	TWD 2.49B	13.39	―	8.13%	-55.77%	-74.32%
TW:1439	61Neutral	TWD 2.66B	9.30	―	1.75%	160.15%	33.83%
TW:5529	59Neutral	TWD 2.35B	2.67	―	―	5393.35%	―
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:1438	50Neutral	TWD 2.59B	8.34	―	0.93%	41.65%	―
TW:2509	37Underperform	TWD 2.89B	135.93	―	―	445.07%	―
TW:5324	27Underperform	TWD 2.78B	-188.82	―	―	-39.07%	-150.68%

* General Sector Average

Performance Comparison

TW:1439 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:1439	Ascent Development Co Ltd	28.55	1.96	7.39%
TW:1438	SanDi Properties Co. Ltd.	21.60	-9.79	-31.20%
TW:2509	Chainqui Construction Development Co., Ltd.	12.90	-1.80	-12.24%
TW:5324	Shihlin Development Co., Ltd.	12.50	1.95	18.48%
TW:5529	Mega International Development Co., Ltd.	21.95	-3.61	-14.13%
TW:6171	Tacheng Real Estate Co.,Ltd.	24.60	-1.35	-5.21%

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 09, 2026

Ascent Development Co Ltd AI Stock Analysis