Johnson Health Tech Co. Ltd. (1736) AI Stock Analysis

Johnson Health Tech Co. Ltd.

(TWSE:1736)

Select Model

Rating:65Neutral

Price Target:TWD 119.00▲(9.17% Upside)

Action:initiatedcoverage

Date:11/10/26

The score is primarily supported by moderately strong financial performance and attractive valuation. Weak cash-flow quality, elevated leverage, declining operating efficiency, and bearish technical momentum materially constrain the outlook.

Positive Factors

Global Business ModelJohnson Health Tech combines design, manufacturing, owned brands, and global distribution across commercial and home fitness. This integrated model gives it multiple routes to customers and supports durable reach across end markets, providing a foundation for product demand and brand development.

Negative Factors

High LeveragePersistent leverage of roughly 1.4–2.0x debt to equity keeps the capital structure dependent on debt funding. Although leverage has improved from its peak and equity has grown, the remaining burden can restrict financial flexibility and limit the company’s ability to fund growth through downturns.

Johnson Health Tech Co. Ltd. (1736) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 33.07B
Dividend Yield: 4.13%
Average Volume (3M): 466.36K
Price to Earnings (P/E): 9.4
Beta (1Y): 0.59
Revenue Growth: 13.49%
EPS Growth: 23.95%
Country: TW
Employees: 1,286
Sector: General
Sector Strength: 55
Industry: Leisure

Johnson Health Tech Co. Ltd. Business Overview & Revenue Model

Company Description

Johnson Health Tech. Co., Ltd. is a prominent global supplier specializing in the production and distribution of health and fitness equipment. Their diverse product lineup includes a wide array of cardiovascular and strength training machines, alongs...

Johnson Health Tech Co. Ltd. Financial Statement Overview

Summary

Revenue growth, gross profitability, improving equity returns, and reduced leverage are positives. However, declining operating margins, elevated leverage, and weak free-cash-flow conversion limit the score.

Income Statement

76Positive

Balance Sheet

68Positive

Cash Flow

55Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	56.47B	54.33B	47.79B	38.07B	33.61B	30.78B
Gross Profit	29.28B	27.47B	24.28B	17.27B	14.61B	13.91B
EBITDA	6.23B	5.23B	5.36B	3.11B	1.77B	1.37B
Net Income	3.35B	2.75B	2.43B	709.83M	224.94M	99.37M
Balance Sheet
Total Assets	47.07B	50.13B	43.62B	36.42B	38.87B	35.26B
Cash, Cash Equivalents and Short-Term Investments	3.40B	3.32B	2.71B	2.37B	3.54B	2.62B
Total Debt	17.21B	19.42B	17.59B	16.40B	18.92B	16.43B
Total Liabilities	33.35B	36.40B	31.57B	26.77B	29.38B	25.88B
Stockholders Equity	13.71B	13.73B	12.04B	9.64B	9.47B	8.48B
Cash Flow
Free Cash Flow	3.21B	798.25M	326.78M	3.14B	-48.40M	-4.30B
Operating Cash Flow	4.87B	2.58B	1.05B	3.84B	392.45M	-3.54B
Investing Cash Flow	-1.69B	-1.77B	-670.84M	-680.82M	-667.73M	-721.78M
Financing Cash Flow	-3.74B	-422.13M	-114.02M	-4.09B	846.52M	3.98B

Johnson Health Tech Co. Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:1736 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:2421	75Outperform	TWD 39.45B	13.48	―	3.81%	22.04%	41.51%
TW:4583	75Outperform	TWD 27.58B	24.59	―	2.84%	13.85%	24.76%
TW:6670	66Neutral	TWD 36.24B	10.80	―	6.06%	10.09%	6.62%
TW:6890	66Neutral	TWD 35.04B	13.18	―	6.55%	-6.82%	-24.71%
TW:1736	65Neutral	TWD 34.02B	9.40	―	4.13%	13.49%	23.95%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:8033	41Neutral	TWD 23.05B	436.36	―	―	14.04%	-65.02%

* General Sector Average

Performance Comparison

TW:1736 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:1736	Johnson Health Tech Co. Ltd.	109.00	-35.32	-24.48%
TW:2421	Sunonwealth Electric Machine Industry Co., Ltd.	137.50	-39.52	-22.32%
TW:4583	Apex Dynamics, Inc.	352.00	-319.96	-47.62%
TW:6670	Fusheng Precision Co. Ltd.	264.00	25.10	10.51%
TW:6890	Lai Yih Footwear Co., Ltd.	137.00	-97.81	-41.66%
TW:8033	Thunder Tiger Corp.	143.00	24.13	20.30%

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

Johnson Health Tech Co. Ltd. AI Stock Analysis