Sinon Corporation (1712) AI Stock Analysis

Sinon Corporation

(TWSE:1712)

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Rating:74Outperform

Price Target:TWD 45.00▲(12.50% Upside)

Action:initiatedcoverage

Date:11/10/26

The overall score is supported primarily by solid financial performance, especially low leverage, healthy profitability, and improved free cash flow. Attractive valuation and a high dividend yield add support, while mixed technical momentum and some revenue, earnings, and debt-related concerns limit the score.

Positive Factors

Improving Balance SheetThe substantial reduction in debt-to-equity indicates improving financial resilience and gives the company more flexibility through construction and industry cycles. A sizable equity base and moderate leverage can also support continued investment while reducing the burden of interest and refinancing risk.

Negative Factors

Revenue CyclicalityThe sharp changes in annual revenue show meaningful exposure to construction and project-cycle fluctuations. Such variability makes forward earnings less predictable, can disrupt resource planning, and may cause periods of weaker utilization or profitability even when the underlying business remains viable.

Sinon Corporation (1712) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 16.82B
Dividend Yield: 6.23%
Average Volume (3M): 814.78K
Price to Earnings (P/E): 15.2
Beta (1Y): 0.01
Revenue Growth: 3.86%
EPS Growth: -0.10%
Country: TW
Employees: 1,745
Sector: General
Sector Strength: 55
Industry: Agricultural Inputs

Sinon Corporation Business Overview & Revenue Model

Company Description

Sinon Corporation manufactures and sells various chemicals and fertilizers. The company offers crop protection products, such as agrochemicals, fertilizers, farming materials, seeds, and seedlings, etc. It also provides product design, mold design an...

Sinon Corporation Financial Statement Overview

Summary

Strong balance sheet and improving cash flow support the score: debt is only 0.31 times equity, ROE is 12.8%, and free cash flow increased 26.0%. Revenue remains below its 2022 level, EBIT and EBITDA declined slightly, and debt has risen for two consecutive years.

Income Statement

75Positive

Balance Sheet

82Very Positive

Cash Flow

78Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Mar 2023	Dec 2021
Income Statement
Total Revenue	18.92B	18.61B	18.93B	19.11B	23.04B	18.65B
Gross Profit	5.73B	5.67B	5.57B	5.20B	6.50B	5.21B
EBITDA	2.01B	1.91B	2.03B	2.09B	2.97B	1.98B
Net Income	1.11B	1.09B	1.05B	1.05B	1.65B	920.91M
Balance Sheet
Total Assets	15.87B	15.37B	15.43B	15.36B	16.55B	16.01B
Cash, Cash Equivalents and Short-Term Investments	2.06B	2.62B	2.27B	2.46B	2.28B	1.78B
Total Debt	3.52B	2.64B	2.49B	2.06B	2.49B	3.67B
Total Liabilities	7.59B	6.74B	6.90B	6.80B	7.89B	8.51B
Stockholders Equity	8.22B	8.57B	8.47B	8.50B	8.60B	7.45B
Cash Flow
Free Cash Flow	1.24B	1.71B	1.01B	2.14B	1.88B	180.16M
Operating Cash Flow	1.67B	2.10B	1.72B	2.51B	2.23B	587.56M
Investing Cash Flow	-697.88M	-865.96M	-470.64M	-535.49M	144.51M	-429.81M
Financing Cash Flow	-1.11B	-1.34B	-1.25B	-1.99B	-2.02B	-386.19M

Sinon Corporation Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:1712 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:1712	74Outperform	TWD 16.88B	15.21	―	6.23%	3.86%	-0.10%
TW:1723	63Neutral	TWD 16.23B	19.91	―	2.65%	7.82%	10.83%
TW:1714	60Neutral	TWD 15.46B	13.39	―	1.14%	36.28%	243.10%
TW:1709	57Neutral	TWD 21.75B	22.80	―	2.19%	-3.01%	82.22%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:1711	44Neutral	TWD 21.66B	266.83	―	0.80%	-2.22%	33.13%
TW:1313	40Underperform	TWD 15.17B	78.33	―	0.85%	-0.93%	―

* General Sector Average

Performance Comparison

TW:1712 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:1712	Sinon Corporation	40.00	-0.29	-0.71%
TW:1313	UPC Technology Corporation	11.75	1.34	12.88%
TW:1709	Formosan Union Chemical Corp.	50.10	33.74	206.31%
TW:1711	Everlight Chemical Industrial Corporation	37.40	18.46	97.50%
TW:1714	Ho Tung Chemical Corp.	16.20	7.85	94.04%
TW:1723	China Steel Chemical Corporation	70.60	-7.51	-9.61%

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 10, 2026

Sinon Corporation AI Stock Analysis