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Tainan Spinning Co., Ltd. (1440) AI Stock Analysis

TW:1440

Tainan Spinning Co., Ltd.

(TWSE:1440)

Select Model
Rating:52Neutral
Price Target:TWD 13.00â–²(3.17% Upside)
Action:initiatedcoverage
Date:11/10/26

The score is primarily constrained by persistent operating losses and an exceptionally high P/E ratio. Improved cash generation and a solid balance sheet provide meaningful support, but weak technical momentum and declining revenue keep the overall rating in the lower-middle range.

Positive Factors
Improving balance-sheet leverageLower debt relative to equity indicates meaningful de-risking and improves financial flexibility. A sizable equity base and moderate leverage give Tainan Spinning more capacity to withstand operating volatility and fund its textile operations while profitability recovery remains uncertain.
Negative Factors
Persistent revenue contractionTwo consecutive years of falling revenue indicate continuing pressure on demand or business activity across the textile operations. Prolonged top-line contraction reduces operating leverage, limits reinvestment capacity, and makes a durable earnings recovery more difficult.

Tainan Spinning Co., Ltd. (1440) vs. SPDR S&P 500 ETF (SPY)

-30%-20%-10%0%10%20%TW:1440-9.56%SPY+14.28%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
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

Financial quality is mixed: persistent losses, declining revenue, negative returns on equity, and historical cash-flow volatility are offset by moderate leverage, substantial equity, and sharply improved 2025 operating and free cash flow. The income statement score was floored at the required minimum of 37 before aggregation.

Income Statement

35Negative

Balance Sheet

68Positive

Cash Flow

72Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue13.09B14.42B17.19B19.45B21.97B20.19B
Gross Profit1.09B982.61M877.90M600.32M2.41B3.29B
EBITDA761.91M383.87M699.86M3.39B1.37B2.69B
Net Income48.72M-247.96M-558.10M2.10B1.16B2.93B
Balance Sheet
Total Assets46.23B45.86B48.92B51.84B50.22B50.20B
Cash, Cash Equivalents and Short-Term Investments6.90B7.64B7.34B9.96B6.51B5.39B
Total Debt10.16B11.34B12.54B14.77B14.55B14.36B
Total Liabilities17.25B17.85B19.46B22.01B22.31B22.22B
Stockholders Equity28.62B27.66B29.14B29.46B27.61B27.73B
Cash Flow
Free Cash Flow1.22B2.35B74.39M-1.07B1.90B479.97M
Operating Cash Flow1.31B2.44B1.10B-233.81M2.71B1.30B
Investing Cash Flow-708.40M-247.31M-2.54B3.34B-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

UnderperformOutperform
Sector (55)

Financial Indicators

TW:1440 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
TW:1419TW:141962NeutralTWD 17.74B4.37―2.97%20.12%201.04%
TW:1709TW:170957NeutralTWD 21.75B25.05―2.00%13.74%193.25%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
TW:1440TW:144052NeutralTWD 20.96B145.83―2.38%-12.69%―
TW:2103TW:210350NeutralTWD 19.40B8.40―1.13%9.79%2185.39%
TW:1711TW:171144NeutralTWD 21.66B270.82―0.80%-2.22%33.13%
TW:1312TW:131230UnderperformTWD 19.04B-3.05――40.97%-18.15%

* General Sector Average

Performance Comparison

0%100%200%TW:1440TW:1312TW:1419TW:1709TW:1711TW:2103Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TW:1440 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TW:1440Tainan Spinning Co., Ltd.12.60-1.43-10.19%
TW:1312Grand Pacific Petrochemical Corp.12.551.5514.09%
TW:1419Shinkong Textile Co., Ltd.60.70-0.18-0.30%
TW:1709Formosan Union Chemical Corp.50.1033.74206.31%
TW:1711Everlight Chemical Industrial Corporation37.4018.4697.50%
TW:2103TSRC Corporation23.859.2963.79%
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