De Licacy Industrial Co., Ltd. AI Stock Analysis
De Licacy Industrial Co., Ltd. (1464) AI Stock Analysis
De Licacy Industrial Co., Ltd.
(TWSE:1464)
De Licacy Industrial scores below average, driven mainly by weak financial performance: despite record revenue, operating and net profit fell sharply, leaving a 1.2% net margin and 2.9% ROE, while leverage rose to 1.67x equity in a cyclical, capital-intensive business. Robust free cash flow of about NT$1.0 billion is a meaningful cushion for debt service and reinvestment, but it has been inconsistent year to year. Technicals reinforce caution, with the price below all key moving averages and negative MACD confirming a downtrend. A modest 11.2x P/E, 2.7% dividend yield and low beta provide some valuation support, but a sustained recovery in margins would be needed to materially improve the outlook.
De Licacy Industrial Co., Ltd. (1464) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 4.00B
- Dividend Yield
- 2.69%
- Average Volume (3M)
- 293.67K
- Price to Earnings (P/E)
- 11.5
- Beta (1Y)
- 0.44
- Revenue Growth
- -3.78%
- EPS Growth
- 110.06%
- Country
- TW
- Employees
- 1,810
- Sector
- General
- Sector Strength
- 55
- Industry
- Manufacturing - Textiles
De Licacy Industrial Co., Ltd. Business Overview & Revenue Model
Company Description
De Licacy Industrial Co., Ltd. operates in Taiwan, specializing in the research, development, manufacturing, and distribution of a wide array of textile products. The company's extensive offerings include functional fabrics, such as piece-dyed (P/D)...
De Licacy Industrial Co., Ltd. Financial Statement Overview
Summary
A mixed-to-weak profile. Revenue climbed about 5% to a multi-year high of roughly NT$12.57 billion, but profitability collapsed: gross margin slipped to 17.9%, operating profit fell over 40% to NT$351 million (2.8% margin) and net income dropped about 64% to NT$150 million, a razor-thin 1.2% net margin (Income Statement 38). The balance sheet is debt-heavy, with total debt rising to NT$8.69 billion and debt-to-equity up to 1.67x while equity funds only about 31% of assets, and ROE falling to 2.9% (Balance Sheet 40). The offset is strong cash generation — operating cash flow nearly doubled to NT$1.40 billion and free cash flow reached roughly NT$1.00 billion, far above reported earnings — though free cash flow has been volatile and was negative in 2021 and 2023 (Cash Flow 61).
Income Statement
38NegativeBalance Sheet
40NegativeCash Flow
61Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.24B | 12.57B | 11.99B | 9.83B | 12.28B | 10.48B |
| Gross Profit | 2.24B | 2.26B | 2.27B | 1.55B | 1.78B | 1.60B |
| EBITDA | 1.09B | 1.05B | 1.45B | 985.16M | 1.32B | 1.01B |
| Net Income | 350.71M | 150.06M | 422.00M | 52.63M | 367.06M | 182.99M |
Balance Sheet | ||||||
| Total Assets | 17.42B | 16.99B | 16.23B | 15.10B | 18.33B | 19.13B |
| Cash, Cash Equivalents and Short-Term Investments | 2.37B | 1.99B | 2.06B | 2.24B | 3.27B | 4.72B |
| Total Debt | 8.82B | 8.69B | 7.43B | 7.93B | 10.15B | 11.82B |
| Total Liabilities | 11.34B | 10.51B | 10.26B | 9.54B | 12.62B | 13.73B |
| Stockholders Equity | 5.39B | 5.20B | 5.52B | 5.01B | 5.17B | 4.65B |
Cash Flow | ||||||
| Free Cash Flow | 791.73M | 1.00B | 196.20M | -203.55M | 1.16B | -174.33M |
| Operating Cash Flow | 1.14B | 1.40B | 768.79M | 1.03B | 1.87B | 112.92M |
| Investing Cash Flow | -546.63M | -73.58M | 396.66M | 1.20B | -209.56M | -1.11B |
| Financing Cash Flow | -1.12B | -1.10B | -868.88M | -2.58B | -1.48B | 844.85M |
De Licacy Industrial Co., Ltd. Peers Comparison
Overall Rating
TW:145974Outperform
TW:141453Neutral- TW:146447Neutral
TW:146046Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:1459 | 74Outperform | TWD 3.68B | 7.00 | ― | 22.28% | ― | ― |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:1414 | 53Neutral | TWD 3.36B | 33.88 | ― | 7.58% | -6.95% | 298.25% |
| TW:1464 | 47Neutral | TWD 3.96B | 11.48 | ― | 2.69% | -3.78% | 110.06% |
| TW:1460 | 46Neutral | TWD 4.02B | -29.03 | ― | ― | -17.70% | 48.98% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:1464 | De Licacy Industrial Co., Ltd. | 9.30 | -1.34 | -12.61% | |
| TW:1414 | Tung Ho Textile Co., Ltd. | 17.30 | -1.65 | -8.70% | |
| TW:1459 | Lan Fa Textile Co., Ltd. | 17.00 | 4.59 | 37.03% | |
| TW:1460 | Everest Textile Co., Ltd. | 5.96 | 0.36 | 6.43% |
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