CS Group Investment Holding Limited (1463) AI Stock Analysis

CS Group Investment Holding Limited

(TWSE:1463)

Select Model

Rating:50Neutral

Price Target:TWD 17.00▼(-0.58% Downside)

Action:initiatedcoverage

Date:11/09/26

CS Group Investment Holding scores in the below-average range, held back primarily by poor earnings quality: gross margins have fallen to 11.0%, the core business posted an operating loss, and bottom-line profit depends on non-operating gains, leaving return on equity below 1%. This is partly offset by an exceptionally conservative, virtually debt-free balance sheet and renewed revenue growth to a six-year high, which provide meaningful downside protection. Technicals add pressure, with the price below all key moving averages and negative MACD momentum, though oversold RSI and Stochastic readings suggest selling may be stretched. Valuation offers little support given a negative P/E and a slim 0.74% dividend yield. A sustained recovery in margins and genuine operating profitability would be needed to improve the outlook.

Positive Factors

Very Low LeverageExtremely low debt relative to equity materially reduces solvency and refinancing risk. This conservative financing structure gives the company greater resilience during operating downturns and preserves financial capacity to fund working capital or strategic needs without heavy interest obligations.

Negative Factors

Sharp Revenue ContractionThe sharp 2025 revenue decline and history of large swings indicate limited top-line stability. Persistent volatility makes demand and capacity planning more difficult, reduces confidence in near-term operating leverage, and can weaken the foundation for durable profit growth over coming quarters.

CS Group Investment Holding Limited (1463) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 2.92B
Dividend Yield: 0.74%
Average Volume (3M): 79.78K
Price to Earnings (P/E): -21.1
Beta (1Y): 0.29
Revenue Growth: -81.10%
EPS Growth: -120.98%
Country: TW
Employees: 592
Sector: General
Sector Strength: 55
Industry: Manufacturing - Textiles

CS Group Investment Holding Limited Business Overview & Revenue Model

Company Description

CS Group Investment Holding Limited, through its subsidiaries, provides comprehensive dyeing and finishing solutions for both natural and synthetic fibers throughout Taiwan, and also engages in real estate management. The company's primary operationa...

CS Group Investment Holding Limited Financial Statement Overview

Summary

A fortress balance sheet (score 83) is the standout strength: total debt of just NT$5.9 million against NT$2.60 billion of equity, with equity funding roughly 83% of assets, essentially removing solvency risk. That is offset by weak earnings quality (income statement score 40): despite revenue growing to a six-year high of NT$796.5 million, gross margin compressed to 11.0% from 17.2% and the core business swung to an operating loss of NT$4.3 million, with reported net income of NT$22.9 million driven by non-operating items. Return on equity collapsed to under 1% and total assets and equity both shrank. Cash flow (score 55) improved this year — operating cash flow of NT$28.5 million exceeded net income and free cash flow turned positive at NT$20.0 million — but the multi-year record is erratic, with negative operating cash flow in 2021 and 2023 and small output relative to a NT$3.1 billion asset base.

Income Statement

40Negative

Balance Sheet

83Very Positive

Cash Flow

55Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	226.91M	796.49M	643.16M	347.51M	495.93M	456.56M
Gross Profit	-74.36M	87.35M	110.82M	15.76M	76.55M	70.97M
EBITDA	-115.99M	33.63M	565.72M	170.36M	100.09M	139.50M
Net Income	-34.87M	22.88M	539.14M	107.28M	68.68M	80.67M
Balance Sheet
Total Assets	3.17B	3.14B	3.58B	2.94B	2.83B	2.74B
Cash, Cash Equivalents and Short-Term Investments	1.28B	1.29B	1.53B	724.80M	913.93M	1.04B
Total Debt	4.20M	5.88M	2.99M	4.53M	2.46M	1.22M
Total Liabilities	492.28M	405.03M	713.49M	561.65M	503.52M	459.46M
Stockholders Equity	2.57B	2.60B	2.75B	2.27B	2.22B	2.18B
Cash Flow
Free Cash Flow	-92.58M	20.05M	14.03M	-43.30M	78.04M	-106.61M
Operating Cash Flow	-81.48M	28.45M	44.93M	-17.36M	141.41M	-58.53M
Investing Cash Flow	1.14M	-4.17M	620.97M	-18.01M	-45.19M	-52.11M
Financing Cash Flow	-378.16M	-162.28M	-90.12M	-67.55M	-65.63M	-58.52M

CS Group Investment Holding Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:1463 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:1416	69Neutral	TWD 3.40B	17.22	―	2.83%	24.47%	91.63%
TW:1435	55Neutral	TWD 2.74B	-25.03	―	―	-24.87%	-105.68%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:4720	51Neutral	TWD 3.12B	49.59	―	1.45%	2.43%	-43.09%
TW:1473	50Neutral	TWD 2.45B	717.95	―	2.98%	-12.48%	-98.35%
TW:1463	50Neutral	TWD 2.81B	-21.13	―	0.74%	-81.10%	-120.98%
TW:6504	41Neutral	TWD 2.58B	-547.06	―	2.69%	-1.43%	92.88%

* General Sector Average

Performance Comparison

TW:1463 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:1463	CS Group Investment Holding Limited	17.10	-1.32	-7.16%
TW:1416	Kwong Fong Industries Corporation	20.15	9.21	84.24%
TW:1435	Chung Fu Tex-International Corp.	19.00	-6.85	-26.50%
TW:1473	Tainan Enterprises Co., Ltd.	16.80	-8.24	-32.90%
TW:4720	Tex Year Industries, Inc.	27.60	13.59	96.99%
TW:6504	Nan Liu Enterprise Co., Ltd	37.20	-4.91	-11.66%

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

CS Group Investment Holding Limited AI Stock Analysis