Chia Ta World Co., Ltd. (2033) AI Stock Analysis

Chia Ta World Co., Ltd.

(TWSE:2033)

Select Model

Rating:69.9Neutral

Price Target:TWD 79.00▲(6.76% Upside)

Action:initiatedcoverage

Date:11/10/26

The overall score is driven by a strong technical uptrend and a solid financial recovery, anchored by a very healthy balance sheet. However, the score is significantly constrained by an extremely high P/E ratio, which presents a substantial valuation risk. The company's low profitability and volatile free cash flow are secondary concerns that prevent a higher score.

Positive Factors

Earnings recovery and growthThe return to positive net income in 2024 followed by further improvement in 2025 indicates a meaningful earnings recovery. Stronger revenue and expanding margins can rebuild internal funding capacity and support business resilience over the next several quarters.

Negative Factors

Earnings volatilityThe swing from earlier profits to losses and then a recovery demonstrates that earnings have been cyclical or unstable. This reduces confidence in the durability of recent results and makes future profitability more vulnerable to renewed operating pressure.

Chia Ta World Co., Ltd. (2033) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 9.23B
Dividend Yield: 0.27%
Average Volume (3M): 2.86M
Price to Earnings (P/E): 261.0
Beta (1Y): 0.22
Revenue Growth: -1.16%
EPS Growth: -4.45%
Country: TW
Employees: 112
Sector: General
Sector Strength: 55
Industry: Manufacturing - Metal Fabrication

Chia Ta World Co., Ltd. Business Overview & Revenue Model

Company Description

Chia Ta World Co., Ltd. engages in the manufacture, processing, and distribution of steel products in Taiwan and Mainland China. The company’s products include high carbon steel wires, galvanized steel wires, un-galvanized and galvanized steel wire s...

Chia Ta World Co., Ltd. Financial Statement Overview

Summary

The company shows a strong operational turnaround with revenue growth and improved margins. The balance sheet is a key strength with very low debt-to-equity of 0.12. However, cash flow is mixed due to volatile free cash flow, and return on equity remains low at 2.7%, indicating inefficient asset use.

Income Statement

72Positive

Balance Sheet

85Very Positive

Cash Flow

65Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	684.60M	702.74M	577.65M	586.55M	810.80M	844.78M
Gross Profit	95.61M	96.57M	77.54M	52.12M	51.56M	85.93M
EBITDA	55.14M	51.23M	41.71M	19.64M	9.45M	40.14M
Net Income	27.30M	28.31M	15.72M	-3.11M	-12.70M	14.72M
Balance Sheet
Total Assets	1.26B	1.24B	1.20B	1.24B	1.31B	1.31B
Cash, Cash Equivalents and Short-Term Investments	56.47M	63.33M	65.06M	63.72M	80.17M	57.65M
Total Debt	137.14M	123.16M	90.66M	158.10M	234.71M	200.49M
Total Liabilities	192.09M	178.51M	154.86M	215.50M	283.11M	265.49M
Stockholders Equity	1.07B	1.06B	1.04B	1.03B	1.03B	1.05B
Cash Flow
Free Cash Flow	8.85M	16.80M	47.87M	53.43M	-932.00K	-92.72M
Operating Cash Flow	101.67M	71.98M	73.81M	58.46M	12.74M	-65.56M
Investing Cash Flow	-153.94M	-85.04M	2.10M	-5.03M	-13.67M	-21.45M
Financing Cash Flow	36.55M	11.33M	-74.57M	-69.88M	22.86M	85.14M

Chia Ta World Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:2033 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:2033	70Neutral	TWD 8.94B	261.02	―	0.27%	-1.16%	-4.45%
TW:5013	62Neutral	TWD 8.83B	30.92	―	1.02%	0.25%	51.97%
TW:3004	56Neutral	TWD 7.89B	15.33	―	2.08%	37.56%	28.85%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:6727	55Neutral	TWD 9.58B	36.00	―	1.19%	50.99%	177.59%
TW:1532	48Neutral	TWD 9.11B	22.83	―	3.73%	0.87%	215.40%
TW:2035	38Underperform	TWD 9.59B	-16.77	―	―	-11.75%	63.69%

* General Sector Average

Performance Comparison

TW:2033 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:2033	Chia Ta World Co., Ltd.	74.00	58.55	378.96%
TW:1532	China Metal Products Co., Ltd.	21.40	-4.35	-16.90%
TW:2035	Tang Eng Iron Works Co., Ltd.	26.60	-2.10	-7.32%
TW:3004	National Aerospace Fasteners Corporation	124.00	21.49	20.96%
TW:5013	New Best Wire Industrial Co., Ltd.	63.00	35.07	125.58%
TW:6727	Asia Metal Industries, Inc.	367.00	217.63	145.70%

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

Chia Ta World Co., Ltd. AI Stock Analysis