Jung Shing Wire Co., Ltd. (1617) AI Stock Analysis

Jung Shing Wire Co., Ltd.

(TWSE:1617)

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Rating:50Neutral

Price Target:TWD 19.00▼(-8.43% Downside)

Action:initiatedcoverage

Date:11/10/26

The score is constrained primarily by weak profitability and negative operating and free cash flow, despite a sound balance sheet. Weak technical momentum further weighs on the result, while the moderate P/E ratio and dividend yield provide some support.

Positive Factors

2025 Revenue ReboundThe sharp 2025 revenue rebound indicates renewed demand for the company’s wire and wire-related products after a weaker period. If maintained, stronger sales can improve operating leverage, support customer retention, and provide a broader base from which to rebuild sustainable profitability.

Negative Factors

Weak Cash ConversionPersistent negative operating and free cash flow means reported earnings are not translating into cash resources. If this pattern continues, Jung Shing Wire may have less internally generated funding for investment and dividends, while working-capital or reinvestment pressure could increase financing needs.

Jung Shing Wire Co., Ltd. (1617) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 3.64B
Dividend Yield: 2.89%
Average Volume (3M): 1.25M
Price to Earnings (P/E): 15.3
Beta (1Y): 0.83
Revenue Growth: 11.94%
EPS Growth: ―
Country: TW
Employees: 280
Sector: General
Sector Strength: 55
Industry: Electrical Equipment & Parts

Jung Shing Wire Co., Ltd. Business Overview & Revenue Model

Company Description

Jung Shing Wire Co., Ltd., founded in 1971 and based in Tainan City, Taiwan, specializes in the production and distribution of magnet wires throughout the country. The company offers a comprehensive range of magnet wire products, primarily utilized i...

Jung Shing Wire Co., Ltd. Financial Statement Overview

Summary

Financial performance is mixed: the balance sheet is a relative strength with moderate leverage, but weak profitability, margin compression, negative EBIT, and negative operating and free cash flow materially reduce the score.

Income Statement

42Neutral

Balance Sheet

78Positive

Cash Flow

24Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.78B	3.36B	3.40B	2.83B	3.58B	4.62B
Gross Profit	280.68M	229.41M	309.81M	225.87M	251.90M	555.96M
EBITDA	168.06M	96.67M	216.89M	138.92M	181.13M	349.34M
Net Income	229.75M	115.39M	89.74M	14.68M	50.51M	209.74M
Balance Sheet
Total Assets	3.37B	3.37B	3.73B	3.24B	3.30B	3.62B
Cash, Cash Equivalents and Short-Term Investments	673.62M	914.70M	1.28B	1.01B	922.29M	975.03M
Total Debt	685.00M	740.00M	849.66M	911.69M	830.06M	1.27B
Total Liabilities	1.04B	1.03B	1.41B	1.18B	1.17B	1.68B
Stockholders Equity	2.33B	2.33B	2.31B	2.04B	2.10B	1.90B
Cash Flow
Free Cash Flow	-280.92M	-161.25M	-131.99M	90.68M	233.70M	-134.80M
Operating Cash Flow	-219.29M	-105.39M	-48.34M	152.19M	338.01M	93.83M
Investing Cash Flow	283.53M	329.69M	-263.59M	-189.31M	-233.96M	-134.34M
Financing Cash Flow	-239.59M	-194.09M	81.10M	32.52M	-343.94M	329.90M

Jung Shing Wire Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:1617 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:1616	53Neutral	TWD 3.00B	36.36	―	8.49%	1.98%	-95.72%
TW:1617	50Neutral	TWD 3.31B	15.26	―	2.89%	11.94%	―
TW:6126	44Neutral	TWD 3.40B	37.25	―	2.34%	43.73%	-23.83%
TW:6220	44Neutral	TWD 3.54B	19.14	―	2.91%	14.67%	64.02%
TW:2007	40Underperform	TWD 3.37B	-3.04	―	―	-33.21%	-2.07%
TW:2017	27Underperform	TWD 3.44B	-10.28	―	―	-12.62%	-97.66%

* General Sector Average

Performance Comparison

TW:1617 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:1617	Jung Shing Wire Co., Ltd.	20.75	5.93	39.99%
TW:1616	Evertop Wire Cable Corporation	16.00	-12.48	-43.82%
TW:2007	Yieh Hsing Enterprise Co., Ltd.	6.33	-0.82	-11.47%
TW:2017	Quintain Steel Co., Ltd	8.02	-0.89	-9.99%
TW:6126	Singatron Enterprise Co. Ltd.	25.60	-5.18	-16.82%
TW:6220	YFC-BonEagle Electric Co., Ltd.	24.05	1.22	5.35%

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

Jung Shing Wire Co., Ltd. AI Stock Analysis