Ta Jiang Co., Ltd. AI Stock Analysis
Ta Jiang Co., Ltd. (1453) AI Stock Analysis
Ta Jiang Co., Ltd.
(TWSE:1453)
Ta Jiang scores near the bottom of the range, driven primarily by fragile financials: essentially no revenue recognition over the past two years, loss-making core operations, and six straight years of negative operating and free cash flow financed by rising debt. A stable equity base of NT$1.44bn and still-moderate leverage provide some support, but a 0.3% return on equity shows the growing asset base is producing almost nothing for shareholders. Technicals reinforce the caution, with the price below all key moving averages and negative MACD momentum. Valuation offers little comfort — the P/E rests on low-quality, non-operating earnings and there is no dividend. The investment case depends entirely on upcoming project completions converting inventory into revenue and cash; until then the risk profile stays elevated.
Ta Jiang Co., Ltd. (1453) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 1.21B
- Dividend Yield
- ―
- Average Volume (3M)
- 36.04K
- Price to Earnings (P/E)
- 15.2
- Beta (1Y)
- 0.37
- Revenue Growth
- 4.78%
- EPS Growth
- ―
- Country
- TW
- Employees
- 17
- Sector
- General
- Sector Strength
- 55
- Industry
- Real Estate - Development
Ta Jiang Co., Ltd. Business Overview & Revenue Model
Company Description
Ta Jiang Co., Ltd., based in Taiwan, operates extensively in both the textile and construction industries. Its textile division covers a broad range of activities, from the spinning, dyeing, weaving, and finishing of fabrics and their raw materials t...
Ta Jiang Co., Ltd. Financial Statement Overview
Summary
Weak across the board. Revenue has effectively collapsed (NT$203.9m in 2023 to roughly NT$1.5m in 2025), core operations are loss-making (operating loss of ~NT$35.5m in 2025), and the small reported net profit stems from non-operating items rather than the business itself (Income Statement score 27). Cash flow is the biggest concern, with six consecutive years of negative operating and free cash flow (-NT$395m in 2025) funded by external borrowing (Cash Flow score 16). The balance sheet offers the only real cushion — equity of ~NT$1.44bn, assets grown to NT$2.93bn, and debt-to-equity of 0.47 — but debt has risen sharply to NT$679m while return on equity sits at just 0.3% (Balance Sheet score 55). The profile is typical of a developer mid-build-cycle, but earnings visibility and cash conversion are very poor.
Income Statement
27NegativeBalance Sheet
55NeutralCash Flow
16Very Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.48M | 1.48M | 1.38M | 203.87M | 248.56M | 44.29M |
| Gross Profit | 2.52M | 4.20M | 5.41M | 64.92M | 16.58M | 25.91M |
| EBITDA | -42.73M | 19.81M | 18.05M | 74.06M | -2.52M | 115.46M |
| Net Income | 78.77M | 4.59M | 1.87M | 60.71M | -12.29M | 106.04M |
Balance Sheet | ||||||
| Total Assets | 3.12B | 2.93B | 2.50B | 2.07B | 1.84B | 1.89B |
| Cash, Cash Equivalents and Short-Term Investments | 450.42M | 456.49M | 416.14M | 471.42M | 484.46M | 316.36M |
| Total Debt | 749.04M | 678.96M | 521.37M | 476.67M | 367.55M | 173.84M |
| Total Liabilities | 1.61B | 1.48B | 1.05B | 623.27M | 457.31M | 494.30M |
| Stockholders Equity | 1.50B | 1.44B | 1.44B | 1.43B | 1.37B | 1.39B |
Cash Flow | ||||||
| Free Cash Flow | -429.87M | -395.25M | -426.40M | -59.66M | -29.22M | -236.48M |
| Operating Cash Flow | -429.87M | -395.25M | -417.98M | -59.66M | -25.29M | -234.31M |
| Investing Cash Flow | 30.62M | 34.17M | 22.49M | 8.33M | 37.02M | 14.85M |
| Financing Cash Flow | 300.88M | 362.50M | 390.17M | 53.27M | -18.89M | 227.97M |
Ta Jiang Co., Ltd. Peers Comparison
Overall Rating
TW:554868Neutral
TW:992954Neutral
TW:990251Neutral
TW:621945Neutral
TW:180544Neutral- TW:145338Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:5548 | 68Neutral | TWD 1.25B | 10.40 | ― | 5.02% | 11.28% | 2.68% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:9929 | 54Neutral | TWD 1.10B | 22.60 | ― | ― | 4.36% | ― |
| TW:9902 | 51Neutral | TWD 1.31B | 23.42 | ― | 2.25% | 63.00% | 1800.55% |
| TW:6219 | 45Neutral | TWD 1.29B | 11.22 | ― | 6.44% | 9.98% | -32.64% |
| TW:1805 | 44Neutral | TWD 1.31B | 71.02 | ― | ― | -59.33% | -94.38% |
| TW:1453 | 38Underperform | TWD 1.21B | 15.21 | ― | ― | 4.78% | ― |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:1453 | Ta Jiang Co., Ltd. | 10.40 | -1.59 | -13.26% | |
| TW:1805 | Better Life Group Co., Ltd. | 9.68 | -2.02 | -17.26% | |
| TW:5548 | Ancang Construction Co., Ltd | 19.70 | 0.77 | 4.06% | |
| TW:6219 | Full Wang International Development Co. Ltd. | 10.35 | -9.60 | -48.12% | |
| TW:9902 | Tidehold Development Co., Ltd. | 13.35 | -3.85 | -22.38% | |
| TW:9929 | Choice Development, Inc. | 10.85 | 0.40 | 3.83% |
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