Ta Yih Industrial Co., Ltd. (1521) AI Stock Analysis

Ta Yih Industrial Co., Ltd.

(TWSE:1521)

Select Model

Rating:56Neutral

Price Target:TWD 25.00▲(3.09% Upside)

Action:initiatedcoverage

Date:11/10/26

The score is primarily constrained by weak and deteriorating cash generation, low margins, and declining earnings. The strong, low-leverage balance sheet and reasonable valuation provide support, while bearish technical momentum remains a secondary risk.

Positive Factors

Very low leverageThe substantial reduction in leverage and stable equity base provide financial flexibility through operating cycles. A lightly indebted balance sheet lowers solvency and refinancing risk, while preserving capacity to support reinvestment or shareholder returns when operating conditions improve.

Negative Factors

Revenue volatility and contractionThe sharp post-2023 revenue contraction indicates that demand or operating results have not yet demonstrated a stable growth trajectory. Even with the latest rebound, uneven sales can make capacity planning, investment decisions, and medium-term earnings forecasts less reliable.

Ta Yih Industrial Co., Ltd. (1521) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 1.84B
Dividend Yield: 3.09%
Average Volume (3M): 27.96K
Price to Earnings (P/E): 14.2
Beta (1Y): 0.56
Revenue Growth: 9.34%
EPS Growth: 174.14%
Country: TW
Employees: 761
Sector: General
Sector Strength: 55
Industry: Auto - Parts

Ta Yih Industrial Co., Ltd. Business Overview & Revenue Model

Company Description

Ta Yih Industrial Co., Ltd. operates as a global entity, specializing in the production, distribution, and trade of components for both vehicles and motorcycles. Their product portfolio features a diverse range of illumination solutions for the autom...

Ta Yih Industrial Co., Ltd. Financial Statement Overview

Summary

Strong balance sheet and very low leverage are offset by low profitability, declining net income, and sharply weaker operating and free cash flow.

Income Statement

55Neutral

Balance Sheet

85Very Positive

Cash Flow

35Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.88B	3.63B	3.70B	4.82B	4.75B	4.99B
Gross Profit	584.76M	590.85M	512.90M	713.11M	595.38M	641.34M
EBITDA	225.59M	228.62M	221.17M	237.57M	384.78M	305.82M
Net Income	121.06M	66.41M	87.43M	42.41M	88.82M	82.52M
Balance Sheet
Total Assets	3.13B	2.99B	2.82B	3.36B	3.31B	3.39B
Cash, Cash Equivalents and Short-Term Investments	331.09M	185.63M	292.69M	390.35M	160.43M	82.64M
Total Debt	115.78M	23.45M	117.95M	344.43M	417.13M	558.81M
Total Liabilities	1.24B	1.13B	955.96M	1.58B	1.52B	1.66B
Stockholders Equity	1.88B	1.87B	1.87B	1.77B	1.79B	1.73B
Cash Flow
Free Cash Flow	122.93M	48.04M	101.74M	390.66M	300.79M	-50.51M
Operating Cash Flow	166.74M	77.26M	209.71M	437.58M	443.20M	83.81M
Investing Cash Flow	-63.01M	-43.47M	-82.62M	-41.53M	-145.95M	-129.59M
Financing Cash Flow	-30.30M	-140.23M	-225.27M	-160.44M	-225.15M	20.27M

Ta Yih Industrial Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:1521 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:4560	76Outperform	TWD 2.02B	9.32	―	6.75%	13.63%	11.46%
TW:6791	63Neutral	TWD 1.78B	18.31	―	4.10%	7.37%	15.05%
TW:4535	58Neutral	TWD 1.96B	22.41	―	3.09%	-11.46%	-28.88%
TW:1521	56Neutral	TWD 1.85B	14.18	―	3.09%	9.34%	174.14%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:1531	55Neutral	TWD 1.94B	39.81	―	9.30%	-9.49%	―
TW:2239	40Underperform	TWD 2.09B	-1.93	―	―	-10.18%	-223.51%

* General Sector Average

Performance Comparison

TW:1521 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:1521	Ta Yih Industrial Co., Ltd.	24.25	0.02	0.09%
TW:1531	Kaulin Manufacturing Co. Ltd.	10.75	-0.19	-1.72%
TW:2239	Cayman Engley Industrial Co., Ltd.	17.75	-10.95	-38.15%
TW:4535	Fine Blanking & Tool Co., Ltd.	25.85	-1.47	-5.40%
TW:4560	Strong H Machinery Technology (Cayman), Inc.	29.65	-0.41	-1.36%
TW:6791	Taiwan Auto-Design Co.	85.50	-17.49	-16.99%

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

Ta Yih Industrial Co., Ltd. AI Stock Analysis