Dyaco International Inc. (1598) AI Stock Analysis

Dyaco International Inc.

(TWSE:1598)

Select Model

Rating:42Neutral

Price Target:TWD 18.50▲(0.82% Upside)

Action:initiatedcoverage

Date:11/10/26

The overall score is very low, driven primarily by severe financial distress. The company is unprofitable, burning cash from operations, and highly leveraged, which poses significant risks to its stability. This is compounded by persistent bearish technical momentum, with the stock trading below all key moving averages. The valuation offers no support, as the negative earnings render the P/E ratio meaningless and the dividend appears unsustainable.

Positive Factors

Diversified Business ModelA broad product range spanning cardio and strength equipment, with both home and commercial customers plus brand and OEM/ODM activity, gives Dyaco multiple routes to demand and reduces reliance on one channel as it works to rebuild growth.

Negative Factors

Declining RevenueRepeated annual revenue declines point to weakening demand or execution across the business rather than a single-quarter fluctuation. Lower sales reduce operating leverage, make fixed costs harder to absorb, and delay a return to sustainable profitability.

Dyaco International Inc. (1598) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 3.00B
Dividend Yield: 2.72%
Average Volume (3M): 185.54K
Price to Earnings (P/E): -16.5
Beta (1Y): 0.25
Revenue Growth: -11.10%
EPS Growth: -355.38%
Country: TW
Employees: 642
Sector: General
Sector Strength: 55
Industry: Leisure

Dyaco International Inc. Business Overview & Revenue Model

Company Description

Dyaco International Inc., headquartered in Taipei City, Taiwan since its establishment in 1990, operates globally in the design, manufacturing, and distribution of fitness, physical therapy, and sports equipment. The company's diverse product range f...

Dyaco International Inc. Financial Statement Overview

Summary

Financial health is weak and deteriorating. Revenue is declining, the company is generating substantial net losses, and operating cash flow has turned deeply negative, indicating the core business is burning cash. High leverage and negative return on equity further compound the risks, though a stable gross margin provides a minor buffer.

Income Statement

18Very Negative

Balance Sheet

32Negative

Cash Flow

15Very Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Mar 2024	Mar 2023	Dec 2021
Income Statement
Total Revenue	5.87B	6.12B	7.22B	7.79B	7.12B	11.74B
Gross Profit	2.13B	2.20B	2.58B	2.67B	2.09B	4.06B
EBITDA	-145.28M	-410.14M	455.16M	194.61M	257.24M	901.30M
Net Income	-186.89M	-561.45M	71.95M	-122.77M	-94.68M	440.34M
Balance Sheet
Total Assets	9.66B	10.23B	11.12B	11.29B	11.96B	12.18B
Cash, Cash Equivalents and Short-Term Investments	910.10M	672.21M	1.22B	1.26B	1.37B	1.51B
Total Debt	3.81B	4.35B	4.14B	4.36B	5.53B	5.12B
Total Liabilities	5.20B	5.76B	6.17B	6.52B	7.90B	7.81B
Stockholders Equity	4.13B	4.13B	4.55B	4.37B	3.67B	3.99B
Cash Flow
Free Cash Flow	66.53M	-714.01M	174.41M	352.51M	238.40M	-1.07B
Operating Cash Flow	257.40M	-397.43M	492.26M	616.61M	626.77M	-781.46M
Investing Cash Flow	194.68M	-475.62M	-217.26M	-166.51M	-436.62M	-603.49M
Financing Cash Flow	-203.10M	346.00M	-314.41M	-397.46M	-355.28M	1.08B

Dyaco International Inc. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:1598 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:8463	53Neutral	TWD 3.21B	11.92	―	3.73%	-3.02%	-15.76%
TW:8442	50Neutral	TWD 2.96B	13.71	―	7.06%	2.74%	-56.77%
TW:8924	44Neutral	TWD 3.23B	-835.42	―	10.72%	1.49%	-100.78%
TW:1598	42Neutral	TWD 3.06B	-16.53	―	2.72%	-11.10%	-355.38%
TW:4564	40Underperform	TWD 3.27B	-9.46	―	―	-28.53%	21.13%

* General Sector Average

Performance Comparison

TW:1598 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:1598	Dyaco International Inc.	18.35	-4.59	-20.01%
TW:4564	Mosa Industrial Corp.	14.10	-1.90	-11.88%
TW:4570	Jason Co., Ltd. (Taiwan)	70.00	5.48	8.50%
TW:8442	WW Holding, Inc.	42.50	-22.80	-34.91%
TW:8463	Ruentex Materials Co Ltd	21.45	-3.80	-15.05%
TW:8924	O-TA Precision Industry Co., Ltd.	40.10	-27.01	-40.24%

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

Dyaco International Inc. AI Stock Analysis