Namchow Holdings Co., Ltd. AI Stock Analysis
Namchow Holdings Co., Ltd. (1702) AI Stock Analysis
Namchow Holdings Co., Ltd.
(TWSE:1702)
Namchow scores below average, driven primarily by deteriorating fundamentals: margins compressed at every level, net income fell ~73% to a six-year low, and free cash flow swung to negative NT$1.74bn as operating cash collapsed amid heavy capex. A de-levered balance sheet (debt-to-equity down to ~1.0x) provides some cushion for a transition year, but ROE of just 2.3% highlights weak returns on an enlarged asset base. Technically, the stock trades below all major moving averages with negative MACD, though deeply oversold RSI and Stochastic readings suggest downside may be near-term stretched. Valuation offers an appealing 5.1% dividend yield, but the elevated 47x P/E reflects depressed earnings and negative free cash flow raises questions over payout sustainability.
Namchow Holdings Co., Ltd. (1702) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 7.52B
- Dividend Yield
- 5.19%
- Average Volume (3M)
- 228.29K
- Price to Earnings (P/E)
- 46.7
- Beta (1Y)
- 0.13
- Revenue Growth
- -0.31%
- EPS Growth
- -90.22%
- Country
- TW
- Employees
- 430
- Sector
- General
- Sector Strength
- 55
- Industry
- Packaged Foods
Namchow Holdings Co., Ltd. Business Overview & Revenue Model
Company Description
Namchow Holdings Co., Ltd., together with its subsidiaries, manufactures, processes, and sells edible and non-edible oil, frozen dough, and dish and laundry liquid detergent products in Taiwan, China, and Thailand. The company operates through Edible...
Namchow Holdings Co., Ltd. Financial Statement Overview
Summary
A weak overall financial profile. The income statement (36) shows revenue declining 1.6% to NT$23.2bn after four years of growth, with severe margin compression — gross margin down to 24.8%, operating margin to 2.5%, and net income falling ~73% to NT$277mn, a six-year low. Cash flow (27) is the weakest link: operating cash flow dropped ~76% to NT$501mn while capex of ~NT$2.2bn pushed free cash flow to negative NT$1.74bn, forcing reliance on the balance sheet to fund investment. The balance sheet (56) is the relative bright spot, with equity up ~80% since 2020 and debt-to-equity cut from 2.0x to ~1.0x, though leverage remains meaningful and ROE has collapsed to 2.3%, signalling poor asset productivity.
Income Statement
36NegativeBalance Sheet
56NeutralCash Flow
27Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 23.07B | 23.17B | 23.74B | 22.68B | 20.48B | 19.86B |
| Gross Profit | 5.48B | 5.74B | 6.92B | 6.51B | 5.35B | 6.27B |
| EBITDA | 1.63B | 1.66B | 2.98B | 2.95B | 2.28B | 3.27B |
| Net Income | 164.35M | 276.90M | 1.01B | 1.04B | 559.67M | 1.07B |
Balance Sheet | ||||||
| Total Assets | 33.58B | 33.44B | 32.93B | 30.28B | 30.46B | 29.41B |
| Cash, Cash Equivalents and Short-Term Investments | 6.84B | 8.14B | 8.66B | 9.52B | 10.49B | 9.73B |
| Total Debt | 12.61B | 12.21B | 11.70B | 12.22B | 12.65B | 12.09B |
| Total Liabilities | 17.96B | 17.91B | 18.09B | 17.74B | 18.08B | 17.58B |
| Stockholders Equity | 12.01B | 11.99B | 11.80B | 9.83B | 9.47B | 9.11B |
Cash Flow | ||||||
| Free Cash Flow | -1.65B | -1.74B | 122.00M | 2.15B | 689.53M | 569.65M |
| Operating Cash Flow | 469.49M | 500.50M | 2.06B | 3.02B | 1.43B | 1.20B |
| Investing Cash Flow | -1.89B | -2.69B | -3.36B | -2.47B | -729.84M | -375.22M |
| Financing Cash Flow | -1.40B | -646.09M | -538.53M | -1.35B | -159.33M | 3.63B |
Namchow Holdings Co., Ltd. Peers Comparison
Overall Rating
TW:126876Outperform
TW:126470Outperform- TW:170243Neutral
TW:441942Neutral
TW:291341Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:1268 | 76Outperform | TWD 7.11B | 12.82 | ― | 4.69% | 15.59% | 36.03% |
| TW:1264 | 70Outperform | TWD 8.93B | 10.91 | ― | 6.22% | 3.48% | 5.90% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:1702 | 43Neutral | TWD 7.65B | 46.74 | ― | 5.19% | -0.31% | -90.22% |
| TW:4419 | 42Neutral | TWD 7.67B | -31.06 | ― | ― | 3.46% | 7.51% |
| TW:2913 | 41Neutral | TWD 8.02B | -59.49 | ― | ― | -10.64% | 1.99% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:1702 | Namchow Holdings Co., Ltd. | 30.85 | -6.87 | -18.22% | |
| TW:1264 | Tehmag Foods Corp. | 241.00 | -32.50 | -11.88% | |
| TW:1268 | Hi-Lai Foods Co., Ltd. | 170.50 | 18.97 | 12.52% | |
| TW:2913 | Taiwan Tea Corporation | 10.15 | -4.15 | -29.02% | |
| TW:4419 | King House Co., Ltd. | 45.35 | 1.55 | 3.54% | |
| TW:8359 | Cashbox Partyworld Co., Ltd. | 54.10 | -9.03 | -14.31% |
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