Ta Ya Electric Wire & Cable Co., Ltd. (1609) AI Stock Analysis

Ta Ya Electric Wire & Cable Co., Ltd.

(TWSE:1609)

Select Model

Rating:47Neutral

Price Target:TWD 30.00▼(-6.83% Downside)

Action:initiatedcoverage

Date:11/09/26

Ta Ya scores below average, driven primarily by weak cash generation and a stretched balance sheet: free cash flow has been negative for six consecutive years (-NT$5.34bn in 2025) and debt-to-equity has climbed to 2.29x, while net income fell ~20% and ROE dropped to 7.5%. Encouragingly, revenue continues to expand and gross margins have improved to ~14%, showing the core wire & cable operation is strengthening. Price action adds to the caution, with the stock trading well below all key moving averages on negative MACD, though deeply oversold RSI and Stochastic readings suggest selling may be extended. A low 11.4x P/E and 2.3% dividend yield provide some valuation cushion, but confirmation of working-capital discipline and lower capex is needed before the risk profile improves.

Positive Factors

Strong Revenue GrowthThe sharp 2025 revenue increase indicates meaningful expansion in demand for Ta Ya’s wire and cable products across construction, utilities, industrial facilities, and infrastructure. If the company can sustain this greater scale, it may strengthen customer reach and improve the foundation for future operating earnings.

Negative Factors

Weak Cash GenerationPersistently negative operating cash flow shows that reported business activity is not converting into cash effectively, while deeply negative free cash flow indicates that investment needs exceed internally generated funds. This can increase reliance on external financing and limit flexibility over the next several quarters.

Ta Ya Electric Wire & Cable Co., Ltd. (1609) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 24.70B
Dividend Yield: 2.17%
Average Volume (3M): 3.50M
Price to Earnings (P/E): 12.2
Beta (1Y): 1.03
Revenue Growth: 16.53%
EPS Growth: 42.90%
Country: TW
Employees: 1,578
Sector: General
Sector Strength: 55
Industry: Electrical Equipment & Parts

Ta Ya Electric Wire & Cable Co., Ltd. Business Overview & Revenue Model

Company Description

Ta Ya Electric Wire & Cable Co., Ltd. specializes in the production and distribution of a comprehensive range of electrical wires and cables, primarily serving Taiwan and various other Asian regions. Their extensive product line includes plastic cabl...

Ta Ya Electric Wire & Cable Co., Ltd. Financial Statement Overview

Summary

Mixed fundamentals. Revenue has grown roughly 70% since 2020 to NT$31.1bn and gross margin has widened to ~14%, lifting operating profit to NT$2.73bn (Income Statement score 61). However, net income fell ~20% to NT$1.29bn and net margin compressed to 4.1%. The balance sheet is debt-heavy (score 41), with borrowings of NT$39.2bn versus NT$17.1bn equity, a 2.29x debt-to-equity ratio and ROE sliding to 7.5%. Cash flow is the clear weak spot (score 19): operating cash flow was negative NT$1.26bn and free cash flow negative NT$5.34bn in 2025, extending a multi-year cash burn funded by external debt.

Income Statement

61Positive

Balance Sheet

41Neutral

Cash Flow

19Very Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	33.71B	31.11B	30.08B	26.44B	26.75B	27.46B
Gross Profit	5.45B	4.35B	4.12B	3.47B	2.18B	2.80B
EBITDA	4.94B	4.35B	4.47B	5.21B	2.28B	2.80B
Net Income	2.12B	1.29B	1.61B	2.76B	841.48M	1.41B
Balance Sheet
Total Assets	67.16B	63.04B	55.91B	46.48B	39.33B	34.32B
Cash, Cash Equivalents and Short-Term Investments	10.38B	8.69B	9.16B	7.49B	6.10B	6.55B
Total Debt	39.59B	39.24B	33.70B	26.05B	24.15B	20.22B
Total Liabilities	45.87B	43.28B	37.52B	29.98B	26.90B	22.79B
Stockholders Equity	18.63B	17.12B	15.79B	14.28B	10.52B	9.81B
Cash Flow
Free Cash Flow	-2.07B	-5.34B	-4.70B	-704.22M	-3.61B	-3.84B
Operating Cash Flow	-249.18M	-1.26B	-463.24M	2.79B	-295.07M	-1.27B
Investing Cash Flow	-2.98B	-4.26B	-4.60B	-3.51B	-3.95B	-3.13B
Financing Cash Flow	2.29B	4.47B	6.93B	2.02B	3.49B	6.52B

Ta Ya Electric Wire & Cable Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:1609 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:6290	70Outperform	TWD 33.68B	18.60	―	3.11%	12.38%	32.24%
TW:2072	69Neutral	TWD 19.87B	15.71	―	12.89%	―	―
TW:6197	68Neutral	TWD 29.56B	19.38	―	2.80%	21.34%	60.27%
TW:1514	62Neutral	TWD 23.09B	24.10	―	2.30%	23.50%	36.14%
TW:2328	61Neutral	TWD 24.34B	1.23	―	1.90%	-13.85%	-78.67%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:1609	47Neutral	TWD 25.02B	12.21	―	2.17%	16.53%	42.90%

* General Sector Average

Performance Comparison

TW:1609 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:1609	Ta Ya Electric Wire & Cable Co., Ltd.	32.20	-8.94	-21.73%
TW:1514	Allis Electric Co., Ltd.	87.00	-10.49	-10.76%
TW:2072	Century Energy Co., Ltd.	101.50	-89.78	-46.94%
TW:2328	Pan-International Industrial Corp.	47.40	-2.56	-5.12%
TW:6197	Jess-Link Products Co., Ltd.	247.00	103.91	72.61%
TW:6290	Longwell Company	199.00	14.68	7.97%

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

Ta Ya Electric Wire & Cable Co., Ltd. AI Stock Analysis