De Licacy Industrial Co., Ltd. (1464) AI Stock Analysis

De Licacy Industrial Co., Ltd.

(TWSE:1464)

Select Model

Rating:48Neutral

Price Target:TWD 9.00▼(-3.23% Downside)

Action:initiatedcoverage

Date:11/10/26

The score is primarily constrained by weak and inconsistent financial performance, elevated leverage, and bearish technical positioning. Moderate valuation support and positive operating cash flow provide partial offsets.

Positive Factors

Operating Cash GenerationConsistently positive operating cash flow indicates that the core business has been generating cash to support operations. The stronger 2025 result provides resilience for funding working capital and investment, even though free-cash-flow conversion remains uneven.

Negative Factors

Elevated LeverageDebt consistently exceeding equity leaves the company more exposed to downturns and limits financial flexibility. Higher leverage can increase refinancing and interest burdens, while weaker equity provides a smaller cushion if textile demand or profitability deteriorates.

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

Positive operating cash flow and reduced leverage support the score, but sharply negative 2025 revenue growth, weak profitability, declining free cash flow, and still-high debt limit financial strength.

Income Statement

42Neutral

Balance Sheet

48Neutral

Cash Flow

55Neutral

Financial statement breakdown
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

UnderperformOutperform

Sector (55)

Financial Indicators

TW:1464 against its peers
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	48Neutral	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

TW:1464 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:1464	De Licacy Industrial Co., Ltd.	9.30	-1.44	-13.41%
TW:1414	Tung Ho Textile Co., Ltd.	17.30	-0.72	-3.97%
TW:1459	Lan Fa Textile Co., Ltd.	17.00	4.64	37.60%
TW:1460	Everest Textile Co., Ltd.	5.96	0.31	5.49%

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

De Licacy Industrial Co., Ltd. AI Stock Analysis