Hong Ho Precision Textile Co., Ltd. (1446) AI Stock Analysis

Hong Ho Precision Textile Co., Ltd.

(TWSE:1446)

Select Model

Rating:70Outperform

Price Target:TWD 13.50▲(8.00% Upside)

Action:initiatedcoverage

Date:11/10/26

The score is supported primarily by the strong balance sheet, positive profitability, and attractive valuation. These strengths are moderated by a sharp revenue decline, weakening cash generation, and a clearly bearish technical trend despite oversold indicators.

Positive Factors

Strong ProfitabilityThe latest annual results show substantial gross, operating, and net profitability, indicating strong earnings capacity in the current period. If these margins remain supported by the company’s textile operations, they can provide resources for reinvestment, dividends, and balance-sheet resilience.

Negative Factors

Sharp Revenue DeclineThe steep latest-year revenue decline demonstrates that demand or business activity has not been stable across reporting periods. Such top-line volatility can reduce operating visibility, make capacity planning harder, and place pressure on the company’s ability to sustain current margins.

Hong Ho Precision Textile Co., Ltd. (1446) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 1.76B
Dividend Yield: 12.00%
Average Volume (3M): 123.56K
Price to Earnings (P/E): 16.2
Beta (1Y): 0.55
Revenue Growth: -65.85%
EPS Growth: -72.33%
Country: TW
Employees: 65
Sector: General
Sector Strength: 55
Industry: Manufacturing - Textiles

Hong Ho Precision Textile Co., Ltd. Business Overview & Revenue Model

Company Description

Hong Ho Precision Textile Co., Ltd. is a Taiwan-based, vertically integrated textile producer. The company's diverse operations are organized into four key segments: Plain Weaving, Trade, Construction, and Others. Its textile manufacturing process co...

Hong Ho Precision Textile Co., Ltd. Financial Statement Overview

Summary

Strong balance sheet with very low leverage, positive profitability, and positive cash flow support the score. However, the 36.6% revenue decline, lower net income, and weakening cash generation materially reduce financial momentum.

Income Statement

65Positive

Balance Sheet

91Very Positive

Cash Flow

78Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	585.65M	1.02B	3.68B	573.29M	155.71M	193.23M
Gross Profit	231.36M	462.78M	1.84B	240.96M	18.32M	46.76M
EBITDA	229.80M	290.33M	1.55B	168.78M	-7.62M	2.48M
Net Income	128.86M	223.57M	1.35B	109.95M	-37.81M	-17.16M
Balance Sheet
Total Assets	3.15B	3.19B	3.50B	4.63B	4.68B	4.34B
Cash, Cash Equivalents and Short-Term Investments	1.32B	1.21B	1.04B	289.01M	280.82M	245.78M
Total Debt	13.50M	49.38M	227.72M	2.67B	3.16B	2.74B
Total Liabilities	479.33M	417.15M	721.65M	3.11B	3.24B	2.81B
Stockholders Equity	2.67B	2.77B	2.77B	1.52B	1.44B	1.53B
Cash Flow
Free Cash Flow	206.05M	577.15M	3.28B	524.03M	-348.82M	-320.41M
Operating Cash Flow	206.56M	577.15M	3.28B	524.24M	-348.63M	-319.78M
Investing Cash Flow	-600.00K	-96.00K	-508.00K	-403.00K	-191.00K	75.81M
Financing Cash Flow	-332.27M	-453.76M	-2.54B	-515.64M	383.14M	216.32M

Hong Ho Precision Textile Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:1446 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:1446	70Outperform	TWD 1.72B	16.23	―	12.00%	-65.85%	-72.33%
TW:1475	69Neutral	TWD 1.60B	6.23	―	6.19%	-8.82%	-0.81%
TW:4401	59Neutral	TWD 1.63B	11.86	―	4.51%	-1.66%	44.21%
TW:1410	58Neutral	TWD 1.57B	34.84	―	0.79%	-16.19%	224.21%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:1466	46Neutral	TWD 1.61B	-41.43	―	1.38%	-16.29%	28.23%
TW:1467	41Neutral	TWD 1.80B	29.61	―	―	1.24%	―

* General Sector Average

Performance Comparison

TW:1446 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:1446	Hong Ho Precision Textile Co., Ltd.	12.50	-4.34	-25.77%
TW:1410	Nan Yang Dyeing & Finishing Co. Ltd.	25.40	-9.33	-26.85%
TW:1466	Acelon Chemicals & Fiber Corporation.	14.50	-0.21	-1.45%
TW:1467	Tex-Ray Industrial Co., Ltd.	7.70	0.59	8.30%
TW:1475	Big Sun Shine Co., Ltd.	24.25	-10.36	-29.93%
TW:4401	Toung Loong Textile Mfg. Co., Ltd.	13.30	-3.45	-20.62%

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 10, 2026

Hong Ho Precision Textile Co., Ltd. AI Stock Analysis