Tah Tong Textile Co., Ltd. (1441) AI Stock Analysis

Tah Tong Textile Co., Ltd.

(TWSE:1441)

Select Model

Rating:38Underperform

Price Target:TWD 9.00▲(3.45% Upside)

Action:initiatedcoverage

Date:11/09/26

Tah Tong Textile scores low primarily on financial performance: the company remains unprofitable at the operating and net line, revenue is shrinking, and equity continues to erode against still-elevated leverage. The meaningful offsets are a strong cash flow reversal (+NT$197mn operating, NT$192mn free cash flow) and a ~29% debt reduction, but one good year after four of cash burn is not yet proof of a sustainable recovery. Technicals reinforce the caution, with the price trading below all major moving averages and negative MACD momentum. Valuation offers no cushion given negative earnings and no dividend. Overall, this is a high-risk, early-stage turnaround where improvement is visible but unproven.

Positive Factors

Improved Free Cash FlowThe sharp improvement in 2025 operating and free cash flow strengthens internal funding capacity and provides a more durable buffer against financing pressure. If maintained, this cash generation could support debt reduction and operating investment without relying as heavily on external capital.

Negative Factors

Declining Revenue and Net LossLower revenue combined with a net loss indicates that current operating scale is not sufficient to cover depreciation, interest, and other costs. Continued weakness would limit reinvestment and make future cash generation more dependent on volatile working capital or financing conditions.

Tah Tong Textile Co., Ltd. (1441) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 471.33M
Dividend Yield: ―
Average Volume (3M): 37.42K
Price to Earnings (P/E): -4.4
Beta (1Y): 0.42
Revenue Growth: -23.44%
EPS Growth: -226.14%
Country: TW
Employees: 352
Sector: General
Sector Strength: 55
Industry: Manufacturing - Textiles

Tah Tong Textile Co., Ltd. Business Overview & Revenue Model

Company Description

Tah Tong Textile Co., Ltd., based in Taiwan, specializes in manufacturing and distributing a diverse range of textile products. Its offerings include cotton yarn, finished fabrics, T/C blended yarns, synthetic fiber yarns, and environmentally friendl...

Tah Tong Textile Co., Ltd. Financial Statement Overview

Summary

Fundamentals remain weak despite early turnaround signs. The income statement (24) is the biggest drag: revenue fell 4.2% to NT$1.52bn with no growth over six years, and the company still posted an operating loss of NT$50mn and a net loss of NT$31mn, though gross margin turned positive at 6.6% after years of negative margins. The balance sheet (36) is stretched but improving — debt cut to NT$643mn from NT$904mn and debt-to-equity down to 1.39x from 3.77x in 2023 — yet equity continues to erode under accumulated losses and total assets have nearly halved since 2022, pointing to restructuring and asset sales. Cash flow (58) is the clear bright spot, with operating cash flow swinging to +NT$197mn and free cash flow to NT$192mn after four years of burn, but durability is unproven and may reflect one-time working capital release.

Income Statement

24Negative

Balance Sheet

36Negative

Cash Flow

58Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Mar 2023	Dec 2021
Income Statement
Total Revenue	1.33B	1.52B	1.63B	1.16B	1.59B	1.55B
Gross Profit	23.63M	100.20M	-8.08M	-149.97M	-108.20M	72.62M
EBITDA	-75.91M	23.11M	-38.13M	-176.35M	-128.70M	-21.34M
Net Income	-142.11M	-31.31M	112.42M	-301.48M	-319.85M	-162.36M
Balance Sheet
Total Assets	1.29B	1.40B	1.99B	1.91B	2.53B	2.37B
Cash, Cash Equivalents and Short-Term Investments	209.74M	188.72M	122.92M	133.84M	214.30M	174.23M
Total Debt	677.23M	643.39M	904.17M	1.24B	1.43B	1.15B
Total Liabilities	925.72M	933.58M	1.42B	1.57B	1.83B	1.55B
Stockholders Equity	363.51M	463.64M	568.59M	330.13M	624.36M	746.01M
Cash Flow
Free Cash Flow	38.45M	191.81M	-175.56M	-59.31M	-365.19M	-101.90M
Operating Cash Flow	43.51M	197.32M	-169.75M	-56.71M	-297.49M	-46.72M
Investing Cash Flow	-20.79M	-294.00K	401.68M	79.91M	-43.05M	-2.83M
Financing Cash Flow	-36.55M	-237.47M	-251.46M	-85.48M	386.23M	36.70M

Tah Tong Textile Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:1441 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:4413	55Neutral	TWD 584.02M	14.57	―	1.67%	44.06%	―
TW:2911	41Neutral	TWD 556.12M	1.35	―	―	-23.53%	―
TW:2929	39Underperform	TWD 629.94M	-2.56	―	―	-15.89%	-1071.95%
TW:1441	38Underperform	TWD 542.12M	-4.37	―	―	-23.44%	-226.14%
TW:4406	32Underperform	TWD 519.12M	-12.99	―	―	-41.59%	33.73%

* General Sector Average

Performance Comparison

TW:1441 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:1441	Tah Tong Textile Co., Ltd.	8.70	-3.84	-30.64%
TW:2911	Les Enphants Co. Ltd.	5.39	0.61	12.79%
TW:2929	TOPBI International Holdings Limited	5.71	-2.74	-32.43%
TW:2940	Sun Own Industrial Co., Ltd.	23.95	-0.44	-1.78%
TW:4406	Hsin Sin Textile Co., Ltd.	10.00	0.19	1.94%
TW:4413	EST GLOBAL APPAREL Co., Ltd.	18.00	-0.62	-3.31%

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

Tah Tong Textile Co., Ltd. AI Stock Analysis