Fulltech Fiber Glass Corp. AI Stock Analysis
Fulltech Fiber Glass Corp. (1815) AI Stock Analysis
Fulltech Fiber Glass Corp.
(TPEx:1815)
The score is anchored by a sharp earnings recovery and a much healthier balance sheet, with margins at multi-year highs and leverage down to 0.36 debt-to-equity. These strengths are tempered by weak cash conversion and a third consecutive year of negative free cash flow driven by heavy capacity spending, alongside a history of losses that highlights the cyclical nature of the business. Technically, the stock remains above its longer-term averages but has fallen below its 20- and 50-day lines with soft momentum readings, while a P/E of 30 on peak earnings and a minimal 0.43% dividend yield leave little valuation support. The result is a middling score reflecting genuine operational improvement offset by cash flow and valuation risk.
Fulltech Fiber Glass Corp. (1815) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 86.28B
- Dividend Yield
- 0.39%
- Average Volume (3M)
- 82.63M
- Price to Earnings (P/E)
- 31.7
- Beta (1Y)
- 1.02
- Revenue Growth
- 48.55%
- EPS Growth
- 293.99%
- Country
- TW
- Employees
- 1,067
- Sector
- General
- Sector Strength
- 55
- Industry
- Hardware, Equipment & Parts
Fulltech Fiber Glass Corp. Business Overview & Revenue Model
Company Description
Fulltech Fiber Glass Corporation, a Taiwanese company headquartered in Taipei, manufactures and distributes fiberglass yarn and fabrics. Its versatile fiberglass yarn is employed across numerous applications, from the creation of fiberglass fabrics a...
Fulltech Fiber Glass Corp. Financial Statement Overview
Summary
Fulltech is in a strong cyclical upswing: revenue rose ~41% to NT$5.97bn, gross margin nearly doubled to 27.6%, operating margin reached 20.5%, and net income surged to NT$857m from NT$63m (Income Statement 68). The balance sheet improved markedly, with equity up to NT$12.60bn, debt cut to NT$4.52bn and debt-to-equity down to 0.36, though ROE of 6.8% remains modest (Balance Sheet 70). Cash flow is the clear weakness (36): operating cash flow of NT$695m covers only ~0.8x net income, and heavy capex drove free cash flow to negative NT$1.71bn, a third straight year of cash burn. With outright losses in 2020 and 2023, fundamentals are improving but remain highly cycle-sensitive.
Income Statement
68PositiveBalance Sheet
70PositiveCash Flow
36Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.18B | 5.97B | 4.25B | 3.20B | 4.65B | 5.26B |
| Gross Profit | 2.39B | 1.65B | 613.80M | -12.23M | 836.64M | 1.41B |
| EBITDA | 2.97B | 2.15B | 969.88M | 50.52M | 941.70M | 1.58B |
| Net Income | 2.02B | 856.54M | 62.89M | -651.20M | 31.52M | 601.35M |
Balance Sheet | ||||||
| Total Assets | 21.46B | 18.45B | 15.14B | 13.47B | 14.06B | 14.74B |
| Cash, Cash Equivalents and Short-Term Investments | 3.20B | 2.35B | 1.63B | 1.56B | 1.62B | 1.36B |
| Total Debt | 5.88B | 4.52B | 6.23B | 6.19B | 5.82B | 6.38B |
| Total Liabilities | 7.76B | 5.85B | 7.39B | 6.88B | 6.66B | 7.29B |
| Stockholders Equity | 13.70B | 12.60B | 7.75B | 6.59B | 7.39B | 7.45B |
Cash Flow | ||||||
| Free Cash Flow | -2.07B | -1.71B | -1.01B | -552.25M | 1.23B | 928.09M |
| Operating Cash Flow | 1.46B | 694.71M | 269.09M | -130.53M | 1.55B | 1.17B |
| Investing Cash Flow | -4.01B | -2.33B | -1.39B | -364.03M | -307.38M | -276.15M |
| Financing Cash Flow | 3.07B | 2.25B | 1.03B | 416.24M | -964.72M | -669.56M |
Fulltech Fiber Glass Corp. Peers Comparison
Overall Rating
TW:476672Outperform
TW:803959.5Neutral
TW:667258Neutral- TW:181555Neutral
TW:546954Neutral
TW:171748Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:4766 | 72Outperform | TWD 41.72B | 14.76 | ― | 5.20% | 2.93% | 9.20% |
| TW:8039 | 60Neutral | TWD 56.59B | 71.50 | ― | 0.93% | 2.53% | 118.11% |
| TW:6672 | 58Neutral | TWD 41.33B | 72.69 | ― | 0.66% | 54.27% | 166.19% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:1815 | 55Neutral | TWD 78.68B | 31.72 | ― | 0.39% | 48.55% | 293.99% |
| TW:5469 | 54Neutral | TWD 35.64B | 13.66 | ― | 3.44% | 31.04% | -20.68% |
| TW:1717 | 48Neutral | TWD 74.84B | 33.26 | ― | 1.58% | -1.57% | 36.18% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:1815 | Fulltech Fiber Glass Corp. | 128.00 | 41.48 | 47.94% | |
| TW:1717 | Eternal Materials Co., Ltd. | 63.20 | 23.69 | 59.98% | |
| TW:4766 | Nan Pao Resins Chemical Co. Ltd. | 346.00 | 19.12 | 5.85% | |
| TW:5469 | HannStar Board Corp. | 73.30 | -19.61 | -21.10% | |
| TW:6672 | Ventec International Group Co., Ltd. | 504.00 | 413.49 | 456.86% | |
| TW:8039 | TAIFLEX Scientific Co., Ltd. | 214.50 | 146.70 | 216.36% |
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