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

Tainan Spinning Co., Ltd.

(TWSE:1440)

Select Model

Rating:51Neutral

Price Target:TWD 13.00▲(3.17% Upside)

Action:initiatedcoverage

Date:11/10/26

Financial performance drives the score with strong cash flows and improved leverage, while high P/E and negative technical momentum weigh on the valuation and market signals.

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)

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

Improved balance sheet with lower debt and strong positive cash flows offset weak income statement marked by revenue declines and net losses.

Income Statement

28Negative

Balance Sheet

68Positive

Cash Flow

82Very Positive

Financial statement breakdown
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

UnderperformOutperform

Sector (55)

Financial Indicators

TW:1440 against its peers
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:1440	51Neutral	TWD 20.96B	145.83	―	2.38%	-12.69%	―
TW:2103	50Neutral	TWD 19.40B	8.40	―	1.13%	9.79%	2185.39%
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

TW:1440 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:1440	Tainan Spinning Co., Ltd.	12.60	-1.33	-9.56%
TW:1312	Grand Pacific Petrochemical Corp.	12.55	1.65	15.14%
TW:1419	Shinkong Textile Co., Ltd.	60.70	-1.54	-2.48%
TW:1709	Formosan Union Chemical Corp.	50.10	33.74	206.31%
TW:1711	Everlight Chemical Industrial Corporation	37.40	18.51	98.01%
TW:2103	TSRC Corporation	23.85	9.19	62.69%

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

Tainan Spinning Co., Ltd. AI Stock Analysis