Mao Bao Inc. (1732) AI Stock Analysis

Mao Bao Inc.

(TWSE:1732)

Select Model

Rating:69Neutral

Price Target:TWD 26.00▲(6.78% Upside)

Action:initiatedcoverage

Date:11/10/26

The score is supported primarily by strong financial stability, especially minimal leverage and improved cash generation. Weak technical momentum materially reduces the score, while valuation is only moderately supportive. The weighted calculation is 80 × 0.60 + 48 × 0.25 + 62 × 0.15 = 69.3, rounded to 69.

Positive Factors

Profitability RecoveryThe return to profitability and stronger 2025 results indicate that earnings power is recovering after the 2023 loss. Higher operating and EBITDA margins provide a better base for internal reinvestment, although durability will depend on maintaining this improvement.

Negative Factors

Choppy Revenue TrendRecent revenue improvement has not yet established a consistently expanding top line, because earlier declines and modest 2025 growth point to an uneven demand trajectory. This can limit operating leverage and make future profit gains more dependent on margin improvement than broad-based sales growth.

Mao Bao Inc. (1732) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 1.03B
Dividend Yield: 2.46%
Average Volume (3M): 216.42K
Price to Earnings (P/E): 19.8
Beta (1Y): 0.51
Revenue Growth: 11.85%
EPS Growth: 755.65%
Country: TW
Employees: 198
Sector: General
Sector Strength: 55
Industry: Household & Personal Products

Mao Bao Inc. Business Overview & Revenue Model

Company Description

Mao Bao Inc., a Taiwanese company, specializes in the production and distribution of a comprehensive range of household and personal care items. Its extensive product portfolio encompasses a wide array of laundry essentials, including various deterge...

Mao Bao Inc. Financial Statement Overview

Summary

Strong balance sheet and improving profitability and cash generation support the score. The average of the Income Statement score of 72, Balance Sheet score of 91, and Cash Flow score of 78 is 80.3, rounded to 80.

Income Statement

72Positive

Balance Sheet

91Very Positive

Cash Flow

78Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	702.36M	675.10M	593.17M	554.26M	587.10M	619.35M
Gross Profit	292.36M	278.43M	243.49M	215.26M	222.54M	246.03M
EBITDA	84.61M	58.17M	35.85M	9.02M	22.04M	35.86M
Net Income	52.08M	29.33M	12.62M	-6.06M	5.17M	19.41M
Balance Sheet
Total Assets	706.54M	671.41M	656.76M	651.93M	654.09M	669.83M
Cash, Cash Equivalents and Short-Term Investments	249.87M	229.34M	213.91M	224.37M	219.25M	220.73M
Total Debt	9.68M	10.39M	11.80M	13.18M	14.74M	9.03M
Total Liabilities	201.80M	168.72M	162.99M	175.04M	171.82M	183.98M
Stockholders Equity	504.74M	502.69M	493.77M	476.88M	482.27M	485.85M
Cash Flow
Free Cash Flow	54.46M	37.30M	-11.14M	3.78M	20.46M	38.37M
Operating Cash Flow	58.48M	42.09M	1.54M	31.83M	27.54M	43.42M
Investing Cash Flow	-18.74M	38.13M	-2.10M	-12.47M	-48.91M	-49.58M
Financing Cash Flow	-22.64M	-22.63M	-1.38M	-1.57M	-16.45M	-22.80M

Mao Bao Inc. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:1732 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:4754	71Outperform	TWD 1.14B	12.11	―	5.93%	0.78%	22.85%
TW:1732	69Neutral	TWD 1.04B	19.80	―	2.46%	11.85%	755.65%
TW:2904	60Neutral	TWD 988.50M	24.87	―	5.56%	-14.80%	-60.95%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:1776	55Neutral	TWD 1.04B	19.29	―	3.42%	-14.61%	133.14%
TW:4711	49Neutral	TWD 973.84M	17.31	―	3.16%	12.14%	365.99%
TW:1337	39Underperform	TWD 1.05B	-2.14	―	―	-13.60%	-6.67%

* General Sector Average

Performance Comparison

TW:1732 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:1732	Mao Bao Inc.	24.35	-3.99	-14.09%
TW:1337	Asia Plastic Recycling Holding Limited	3.92	-1.19	-23.29%
TW:1776	Headway Advanced Materials Inc.	17.55	2.91	19.88%
TW:2904	Prime Oil Chemical Service Corporation	12.60	-3.67	-22.55%
TW:4711	Yong Shun Chemical Co.,Ltd	15.80	1.38	9.55%
TW:4754	International Carbide Technology Co. Ltd.	38.80	1.52	4.06%

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

Mao Bao Inc. AI Stock Analysis