Tainan Spinning Co., Ltd. AI Stock Analysis
Tainan Spinning Co., Ltd. (1440) AI Stock Analysis
Tainan Spinning Co., Ltd.
(TWSE:1440)
Tainan Spinning scores below average, driven primarily by weak financial performance: three consecutive years of revenue decline and operating losses, with the business still unprofitable at the net level despite a narrowing loss and improving gross margin. The main supports are a conservatively financed, equity-heavy balance sheet with steadily falling debt and a strong rebound in operating and free cash flow. Technicals add further caution, with the share price below all major moving averages and negative MACD momentum. Valuation offers little support given an inflated P/E on minimal earnings, though a 2.35% dividend yield provides modest income. A sustained return to operating profitability is the key catalyst needed to improve the outlook.
Tainan Spinning Co., Ltd. (1440) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 21.04B
- Dividend Yield
- 2.38%
- Average Volume (3M)
- 2.86M
- Price to Earnings (P/E)
- 145.8
- Beta (1Y)
- 0.61
- Revenue Growth
- -12.69%
- EPS Growth
- ―
- Country
- TW
- Employees
- 5,412
- Sector
- General
- Sector Strength
- 55
- Industry
- Manufacturing - Textiles
Tainan Spinning Co., Ltd. Business Overview & Revenue Model
Company Description
Tainan Spinning Co., Ltd. is a global enterprise that manufactures, processes, and distributes a comprehensive range of textile products and synthetic fiber materials. Its operations span Taiwan, Mainland China, Vietnam, and various international mar...
Tainan Spinning Co., Ltd. Financial Statement Overview
Summary
Earnings power is the key weakness: revenue has declined three years running (NT$22.0bn in 2022 to NT$14.4bn latest), with operating losses in each of the past three years and net losses in the last two (-NT$248m latest). Offsetting this, the balance sheet is conservative and equity-heavy (debt-to-equity down to 0.41 from 0.50 in 2023) and cash generation rebounded sharply, with operating cash flow of NT$2.44bn and free cash flow of NT$2.35bn. Gross margin has improved for a second year to 6.8% and the net loss narrowed, but return on equity remains negative (-0.9%) and cash flows are volatile, leaving the overall profile stable but unprofitable.
Income Statement
29NegativeBalance Sheet
62PositiveCash Flow
68Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.09B | 14.42B | 17.19B | 19.45B | 21.97B | 20.19B |
| Gross Profit | 1.09B | 982.61M | 877.90M | 600.32M | 2.41B | 3.29B |
| EBITDA | 761.91M | 383.87M | 699.86M | 3.39B | 1.37B | 2.69B |
| Net Income | 48.72M | -247.96M | -558.10M | 2.10B | 1.16B | 2.93B |
Balance Sheet | ||||||
| Total Assets | 46.23B | 45.86B | 48.92B | 51.84B | 50.22B | 50.20B |
| Cash, Cash Equivalents and Short-Term Investments | 6.90B | 7.64B | 7.34B | 9.96B | 6.51B | 5.39B |
| Total Debt | 10.16B | 11.34B | 12.54B | 14.77B | 14.55B | 14.36B |
| Total Liabilities | 17.25B | 17.85B | 19.46B | 22.01B | 22.31B | 22.22B |
| Stockholders Equity | 28.62B | 27.66B | 29.14B | 29.46B | 27.61B | 27.73B |
Cash Flow | ||||||
| Free Cash Flow | 1.22B | 2.35B | 74.39M | -1.07B | 1.90B | 479.97M |
| Operating Cash Flow | 1.31B | 2.44B | 1.10B | -233.81M | 2.71B | 1.30B |
| Investing Cash Flow | -708.40M | -247.31M | -2.54B | 3.34B | -402.22M | -1.43B |
| Financing Cash Flow | -1.57B | -1.40B | -3.05B | -268.94M | -1.28B | -620.36M |
Tainan Spinning Co., Ltd. Peers Comparison
Overall Rating
TW:141962Neutral
TW:170957Neutral
TW:210350Neutral- TW:144045Neutral
TW:171144Neutral
TW:131230Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:1419 | 62Neutral | TWD 17.74B | 4.37 | ― | 2.97% | 20.12% | 201.04% |
| TW:1709 | 57Neutral | TWD 21.75B | 25.05 | ― | 2.00% | 13.74% | 193.25% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:2103 | 50Neutral | TWD 19.40B | 8.40 | ― | 1.13% | 9.79% | 2185.39% |
| TW:1440 | 45Neutral | TWD 20.96B | 145.83 | ― | 2.38% | -12.69% | ― |
| TW:1711 | 44Neutral | TWD 21.66B | 270.82 | ― | 0.80% | -2.22% | 33.13% |
| TW:1312 | 30Underperform | TWD 19.04B | -3.05 | ― | ― | 40.97% | -18.15% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:1440 | Tainan Spinning Co., Ltd. | 12.60 | -1.43 | -10.19% | |
| TW:1312 | Grand Pacific Petrochemical Corp. | 12.55 | 1.55 | 14.09% | |
| TW:1419 | Shinkong Textile Co., Ltd. | 60.70 | -0.18 | -0.30% | |
| TW:1709 | Formosan Union Chemical Corp. | 50.10 | 33.74 | 206.31% | |
| TW:1711 | Everlight Chemical Industrial Corporation | 37.40 | 18.46 | 97.50% | |
| TW:2103 | TSRC Corporation | 23.85 | 9.29 | 63.79% |
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