Honmyue Enterprise Co., Ltd. (1474) AI Stock Analysis

Honmyue Enterprise Co., Ltd.

(TWSE:1474)

Select Model

Rating:57Neutral

Price Target:TWD 10.00▲(1.42% Upside)

Action:initiatedcoverage

Date:11/10/26

Financial performance weighs most heavily, showing gradual stabilization amid profitability challenges. Technical weakness adds downward pressure, while valuation benefits from strong yield.

Positive Factors

Manageable LeverageModerate and improving leverage provides Honmyue with a relatively stable financial base over the next several quarters. Lower debt relative to equity can reduce balance-sheet pressure, preserve borrowing capacity, and give management more flexibility to fund operations despite currently weak returns.

Negative Factors

Declining RevenueRevenue contraction indicates weakening top-line demand or business activity and limits the company’s ability to spread costs across a larger operating base. Continued sales declines over the next several quarters could make margin recovery harder and constrain investment in future growth.

Honmyue Enterprise Co., Ltd. (1474) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 1.27B
Dividend Yield: 6.59%
Average Volume (3M): 76.79K
Price to Earnings (P/E): 74.2
Beta (1Y): 0.28
Revenue Growth: -6.48%
EPS Growth: -60.87%
Country: TW
Employees: 786
Sector: General
Sector Strength: 55
Industry: Manufacturing - Textiles

Honmyue Enterprise Co., Ltd. Business Overview & Revenue Model

Company Description

Honmyue Enterprise Co., Ltd., based in Changhua, Taiwan, is a textile manufacturer and distributor operating under its nüwa and Honyi brands. The company offers a diverse range of fabrics, including nylon, various polyester types (such as spun and so...

Honmyue Enterprise Co., Ltd. Financial Statement Overview

Summary

Mixed financials with weak income statement from revenue fluctuations and thin margins, countered by stable balance sheet and strengthening cash flows.

Income Statement

42Neutral

Balance Sheet

68Positive

Cash Flow

72Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.85B	2.92B	3.17B	2.69B	3.19B	3.50B
Gross Profit	290.59M	330.34M	288.96M	210.78M	406.04M	515.65M
EBITDA	73.06M	109.09M	239.97M	79.28M	239.72M	300.99M
Net Income	34.77M	43.79M	106.92M	-44.43M	77.43M	143.96M
Balance Sheet
Total Assets	3.77B	3.68B	3.90B	3.77B	3.88B	4.26B
Cash, Cash Equivalents and Short-Term Investments	773.94M	516.69M	468.21M	446.71M	639.61M	672.07M
Total Debt	1.13B	1.05B	1.09B	1.11B	1.17B	1.53B
Total Liabilities	1.57B	1.51B	1.72B	1.73B	1.75B	2.17B
Stockholders Equity	2.18B	2.15B	2.14B	2.00B	2.12B	2.07B
Cash Flow
Free Cash Flow	188.47M	53.79M	-36.44M	-231.64M	202.71M	-177.08M
Operating Cash Flow	341.79M	200.95M	68.59M	-131.47M	370.19M	174.65M
Investing Cash Flow	-152.85M	-115.00M	-19.04M	29.83M	-78.78M	-392.50M
Financing Cash Flow	64.76M	-35.53M	-27.95M	-99.36M	-268.93M	93.57M

Honmyue Enterprise Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:1474 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:1474	57Neutral	TWD 1.28B	74.19	―	6.59%	-6.48%	-60.87%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:1452	48Neutral	TWD 1.38B	108.38	―	1.93%	-15.11%	―
TW:1413	47Neutral	TWD 1.20B	-110.37	―	―	-20.27%	-15.87%
TW:1449	42Neutral	TWD 1.41B	-48.93	―	―	18.49%	-219.81%
TW:1465	41Neutral	TWD 1.17B	19.31	―	2.68%	-19.21%	―
TW:1445	40Underperform	TWD 1.25B	-14.15	―	5.12%	-23.72%	64.74%

* General Sector Average

Performance Comparison

TW:1474 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:1474	Honmyue Enterprise Co., Ltd.	9.86	-1.70	-14.71%
TW:1413	HUNG CHOU FIBER IND. CO., LTD.	9.15	-0.85	-8.50%
TW:1445	Universal Textile Co., Ltd.	9.76	-3.77	-27.84%
TW:1449	Chia Her Industrial Co., Ltd.	11.00	0.51	4.81%
TW:1452	Hong Yi Fiber Industry Co., Ltd.	10.35	-1.43	-12.13%
TW:1465	Wisher Industrial Co., Ltd.	11.20	-1.44	-11.42%

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

Honmyue Enterprise Co., Ltd. AI Stock Analysis