Chang-Ho Fibre Corp. (1468) AI Stock Analysis

Chang-Ho Fibre Corp.

(TWSE:1468)

Select Model

Rating:51Neutral

Price Target:TWD 13.00▼(-3.70% Downside)

Action:initiatedcoverage

Date:11/10/26

The overall score is constrained primarily by deteriorating profitability, weaker margins, and higher leverage. Positive cash generation and a moderate P/E provide some support, while mildly negative technical momentum remains an additional risk.

Positive Factors

Improved Cash GenerationStronger operating and free cash flow improves the company’s ability to fund operations, support investment, and service obligations internally. The 2025 improvement provides a useful financial buffer and gives management greater flexibility despite volatility in the textile cycle.

Negative Factors

Revenue ContractionRecent revenue weakness suggests that demand or business activity has not yet returned to a durable growth path. Continued contraction would reduce operating scale, limit absorption of fixed costs, and make it harder for Chang-Ho Fibre to rebuild profitability over coming quarters.

Chang-Ho Fibre Corp. (1468) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 2.17B
Dividend Yield: ―
Average Volume (3M): 68.41K
Price to Earnings (P/E): 15.3
Beta (1Y): 0.26
Revenue Growth: -39.42%
EPS Growth: 466.76%
Country: TW
Employees: 51
Sector: General
Sector Strength: 55
Industry: Manufacturing - Textiles

Chang-Ho Fibre Corp. Business Overview & Revenue Model

Company Description

Chang-Ho Fibre Corporation is a textile manufacturing firm that specializes in creating woven and knit fabrics. Their operations encompass a full suite of processes, from weaving, dyeing, and finishing to printing and lamination of texture yarns. The...

Chang-Ho Fibre Corp. Financial Statement Overview

Summary

Financial performance is weak overall: revenue and margins declined sharply, EBIT was negative, and leverage increased. Positive equity, operating cash flow, and free cash flow provide support, but profitability remains low and historical cash flow has been inconsistent.

Income Statement

35Negative

Balance Sheet

55Neutral

Cash Flow

62Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	635.76M	827.41M	1.08B	1.05B	1.41B	1.14B
Gross Profit	152.86M	100.74M	175.89M	76.83M	18.18M	129.66M
EBITDA	127.78M	29.66M	264.53M	138.22M	30.05M	82.43M
Net Income	143.16M	33.73M	151.32M	27.23M	37.03M	14.02M
Balance Sheet
Total Assets	3.25B	3.25B	2.94B	2.77B	2.63B	3.43B
Cash, Cash Equivalents and Short-Term Investments	553.29M	515.71M	578.80M	435.78M	245.40M	891.28M
Total Debt	1.29B	1.36B	959.69M	1.00B	724.22M	1.67B
Total Liabilities	1.72B	1.76B	1.48B	1.51B	1.40B	2.22B
Stockholders Equity	1.46B	1.41B	1.38B	1.20B	1.19B	1.18B
Cash Flow
Free Cash Flow	54.11M	161.93M	71.50M	-80.53M	261.32M	-505.25M
Operating Cash Flow	60.20M	168.78M	106.38M	-34.02M	298.43M	-485.02M
Investing Cash Flow	-110.10M	-465.73M	150.11M	-262.77M	338.97M	-346.72M
Financing Cash Flow	248.94M	383.66M	-45.75M	279.63M	-872.08M	526.26M

Chang-Ho Fibre Corp. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:1468 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:4305	76Outperform	TWD 2.21B	8.22	―	7.73%	-5.79%	63.25%
TW:1470	68Neutral	TWD 2.00B	18.10	―	2.78%	-7.41%	128.29%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:1468	51Neutral	TWD 2.17B	15.34	―	―	-39.42%	466.76%
TW:4414	44Neutral	TWD 1.85B	33.28	―	―	-3.75%	-80.45%
TW:1325	41Neutral	TWD 2.16B	-62.78	―	1.19%	-21.19%	47.07%
TW:8935	39Underperform	TWD 1.96B	-30.27	―	―	-13.84%	12.29%

* General Sector Average

Performance Comparison

TW:1468 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:1468	Chang-Ho Fibre Corp.	13.50	2.05	17.90%
TW:1325	Universal Incorporation	25.30	-5.35	-17.46%
TW:1470	Evertex Fabrinology Ltd.	23.35	1.25	5.64%
TW:4305	Shih-Kuen Plastics Co., Ltd.	40.10	0.47	1.18%
TW:4414	Roo Hsing Co., Ltd.	7.02	-2.97	-29.73%
TW:8935	Pontex Polyblend Co. Ltd.	17.30	-1.65	-8.71%

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

Chang-Ho Fibre Corp. AI Stock Analysis