Better Life Group Co., Ltd. (1805) AI Stock Analysis

Better Life Group Co., Ltd.

(TWSE:1805)

Select Model

Rating:44Neutral

Price Target:TWD 9.50▼(-2.06% Downside)

Action:initiatedcoverage

Date:11/09/26

Better Life Group scores below average, driven primarily by deteriorating operating performance: fiscal 2025 revenue fell ~60%, margins halved, profit nearly reached breakeven, and operations consumed NT$312mn of cash. The standout offset is an unusually conservative balance sheet, with debt-to-equity cut to 0.12x and a rebuilt equity base that provides a meaningful safety cushion in an uncertain property market. Technicals reinforce the caution, with the price trading below all major moving averages and negative MACD, though oversold RSI and Stochastic readings suggest downside may be near-term extended. Valuation adds further pressure, with a 71x P/E reflecting depressed earnings and no dividend to support returns. A return to consistent revenue recognition and positive operating cash flow would be the key catalysts for an improved score.

Positive Factors

Improved leverageThe materially lower debt burden and larger equity base improve financial resilience and reduce balance-sheet strain. This gives the company more capacity to withstand uneven development cycles, fund projects, and manage obligations without relying as heavily on additional borrowing.

Negative Factors

Revenue contractionThe steep revenue decline and margin compression show that recent earnings are not supported by consistent top-line growth. Such volatility makes results highly dependent on development and delivery timing, reducing visibility into sustainable revenue and profit generation over coming quarters.

Better Life Group Co., Ltd. (1805) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 1.31B
Dividend Yield: ―
Average Volume (3M): 67.51K
Price to Earnings (P/E): 71.2
Beta (1Y): 0.21
Revenue Growth: -59.33%
EPS Growth: -94.38%
Country: TW
Employees: 74
Sector: General
Sector Strength: 55
Industry: Real Estate - Development

Better Life Group Co., Ltd. Business Overview & Revenue Model

Company Description

Better Life Group Co., LTD., operating with its various subsidiaries, is primarily engaged in the real estate sector, developing, constructing, leasing, and selling both residential and other types of properties across Taiwan and China. The company a...

Better Life Group Co., Ltd. Financial Statement Overview

Summary

A mixed and generally weak profile. The balance sheet is the clear strength (score 71): equity grew to NT$1.63bn, total debt was cut to NT$197mn, and debt-to-equity fell to a very conservative 0.12x, leaving equity funding ~81% of assets. However, the income statement (44) shows fiscal 2025 revenue down ~60% to NT$285mn and net profit collapsing to NT$26mn from NT$301mn, with gross margin compressing from 47% to 29% and ROE falling to 1.6%. Cash flow is the weakest link (28): operating and free cash flow swung to negative NT$312mn from positive NT$284mn, continuing a pattern of erratic, project-cycle-driven cash generation with no recurring revenue base.

Income Statement

44Neutral

Balance Sheet

71Positive

Cash Flow

28Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	292.04M	285.01M	625.47M	145.52M	348.84M	185.47M
Gross Profit	75.94M	83.44M	293.40M	665.00K	1.95M	31.98M
EBITDA	17.91M	42.31M	335.23M	-74.64M	-76.98M	-7.36M
Net Income	16.09M	26.12M	300.96M	-110.12M	-94.63M	-33.68M
Balance Sheet
Total Assets	2.00B	2.00B	2.07B	1.54B	1.35B	1.46B
Cash, Cash Equivalents and Short-Term Investments	411.10M	432.81M	714.42M	304.85M	151.50M	87.57M
Total Debt	234.54M	197.26M	593.10M	461.77M	684.99M	742.04M
Total Liabilities	369.27M	375.58M	887.52M	763.70M	844.12M	862.78M
Stockholders Equity	1.63B	1.63B	1.18B	774.03M	504.48M	596.33M
Cash Flow
Free Cash Flow	-28.06M	-312.23M	283.66M	1.75M	100.74M	-61.36M
Operating Cash Flow	-41.91M	-311.93M	284.18M	1.75M	105.74M	-61.15M
Investing Cash Flow	-293.00K	-4.32M	-21.94M	-15.89M	-2.65M	8.71M
Financing Cash Flow	34.37M	21.32M	245.07M	95.14M	-66.68M	77.77M

Better Life Group Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:1805 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:5548	68Neutral	TWD 1.25B	10.40	―	4.82%	11.28%	2.68%
TW:1456	58Neutral	TWD 1.45B	5.12	―	―	255.45%	488.61%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:9902	51Neutral	TWD 1.31B	19.70	―	2.25%	63.00%	1800.55%
TW:6219	45Neutral	TWD 1.29B	11.01	―	6.44%	9.98%	-32.64%
TW:1805	44Neutral	TWD 1.31B	71.17	―	―	-59.33%	-94.38%
TW:1453	38Underperform	TWD 1.21B	15.43	―	―	4.78%	―

* General Sector Average

Performance Comparison

TW:1805 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:1805	Better Life Group Co., Ltd.	9.70	-2.00	-17.09%
TW:1453	Ta Jiang Co., Ltd.	10.40	-1.59	-13.26%
TW:1456	I-HWA Industrial Co., Ltd.	14.85	2.65	21.72%
TW:5548	Ancang Construction Co., Ltd	20.50	1.57	8.28%
TW:6219	Full Wang International Development Co. Ltd.	10.40	-9.55	-47.87%
TW:9902	Tidehold Development Co., Ltd.	13.30	-3.90	-22.67%

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

Better Life Group Co., Ltd. AI Stock Analysis