Airmate (Cayman) International Co., Ltd. (1626) AI Stock Analysis

Airmate (Cayman) International Co., Ltd.

(TWSE:1626)

Select Model

Rating:42Neutral

Price Target:TWD 9.50▼(-1.55% Downside)

Action:initiatedcoverage

Date:11/10/26

The score is driven primarily by weak profitability and cash generation, including recurring losses, sharply declining revenue, and negative operating and free cash flow. Mixed technical conditions provide limited support, while the negative P/E ratio weighs on valuation.

Positive Factors

Broad appliance product focusA presence across air-treatment and related household appliance categories gives the company multiple product avenues within a recurring consumer market. Its OEM/ODM supply model also supports access to brand owners and distribution channels without relying solely on its own retail brand.

Negative Factors

Severe revenue contractionThe sharp revenue contraction materially reduces operating scale and makes fixed costs harder to absorb, weakening the earnings potential of the business. Unless sales recover, the decline can also limit investment capacity, bargaining strength, and the company’s ability to leverage its appliance platform.

Airmate (Cayman) International Co., Ltd. (1626) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 1.44B
Dividend Yield: ―
Average Volume (3M): 58.47K
Price to Earnings (P/E): -2.8
Beta (1Y): 0.38
Revenue Growth: -0.07%
EPS Growth: -381.71%
Country: TW
Employees: 8,219
Sector: General
Sector Strength: 55
Industry: Furnishings, Fixtures & Appliances

Airmate (Cayman) International Co., Ltd. Business Overview & Revenue Model

Company Description

Airmate (Cayman) International Co Limited, established in 1973 and based in George Town, Cayman Islands, specializes in the research, development, manufacturing, and global distribution of a wide array of household appliances. The company's primary m...

Airmate (Cayman) International Co., Ltd. Financial Statement Overview

Summary

Weak overall financial performance. Revenue declined sharply, losses persisted, operating cash flow and free cash flow were negative, and returns on equity remained negative. The balance sheet provides some support because equity exceeded debt, but debt increased and equity declined.

Income Statement

25Negative

Balance Sheet

55Neutral

Cash Flow

25Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	7.61B	7.79B	8.13B	8.40B	9.22B	10.16B
Gross Profit	1.33B	1.53B	1.62B	1.83B	1.44B	1.12B
EBITDA	-119.27M	122.16M	146.74M	434.90M	978.20M	92.09M
Net Income	-447.55M	-128.70M	-159.21M	26.58M	473.20M	-307.23M
Balance Sheet
Total Assets	9.97B	8.16B	9.03B	8.11B	8.82B	9.95B
Cash, Cash Equivalents and Short-Term Investments	1.42B	1.28B	1.46B	1.11B	1.21B	894.42M
Total Debt	3.35B	2.56B	2.72B	2.06B	2.34B	3.21B
Total Liabilities	7.27B	5.39B	6.09B	5.03B	5.61B	7.19B
Stockholders Equity	2.71B	2.76B	2.95B	3.08B	3.21B	2.76B
Cash Flow
Free Cash Flow	-952.42M	-185.54M	163.72M	409.36M	793.63M	-184.16M
Operating Cash Flow	-762.86M	-17.69M	355.75M	616.57M	946.98M	40.18M
Investing Cash Flow	-243.61M	15.71M	-436.22M	-396.71M	90.33M	-305.81M
Financing Cash Flow	531.04M	25.47M	168.18M	-420.73M	-571.99M	342.47M

Airmate (Cayman) International Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:1626 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:6243	48Neutral	TWD 1.45B	-16.16	―	3.87%	-43.84%	-1828.89%
TW:1805	44Neutral	TWD 1.31B	71.17	―	―	-59.33%	-94.38%
TW:1626	42Neutral	TWD 1.44B	-2.81	―	―	-0.07%	-381.71%
TW:1587	39Underperform	TWD 1.60B	-180.45	―	2.51%	13.58%	-152.92%
TW:8093	38Underperform	TWD 1.46B	-9.35	―	―	10.42%	13.92%
TW:4523	34Underperform	TWD 1.49B	0.85	―	11.39%	19.47%	―

* General Sector Average

Performance Comparison

TW:1626 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:1626	Airmate (Cayman) International Co., Ltd.	9.65	-2.60	-21.22%
TW:1587	Cryomax Cooling System Corp.	19.85	-21.90	-52.46%
TW:1805	Better Life Group Co., Ltd.	9.70	-2.55	-20.82%
TW:4523	Everbrite Technology Co., Ltd.	23.20	-3.12	-11.84%
TW:6243	ENE Technology, Inc.	31.25	0.55	1.79%
TW:8093	Enermax Technology Corporation	25.50	-3.17	-11.04%

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

Airmate (Cayman) International Co., Ltd. AI Stock Analysis