King Slide Works Co., Ltd. (2059) AI Stock Analysis

King Slide Works Co., Ltd.

(TWSE:2059)

Select Model

Rating:73.6Outperform

Price Target:TWD 8,458.00▼(-1.25% Downside)

Action:initiatedcoverage

Date:11/10/26

The score is supported primarily by excellent financial strength, profitability, and cash generation. Weak technical momentum and an expensive valuation materially reduce the overall score.

Positive Factors

Profitability and revenue growthStrong 2025 revenue growth combined with exceptionally high gross and net margins indicates meaningful earnings power and effective monetization of the company’s hardware offerings. If these levels remain durable, they can support reinvestment, resilience through normal demand cycles, and continued shareholder returns over the next several quarters.

Negative Factors

Demand volatilityThe prior revenue decline shows that demand for the company’s furniture hardware can fluctuate materially across periods, even when profitability is strong. Such volatility can make capacity planning and earnings forecasting less predictable, creating a durable risk that future growth will not progress in a smooth or consistent manner.

King Slide Works Co., Ltd. (2059) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 819.55B
Dividend Yield: 0.60%
Average Volume (3M): 590.35K
Price to Earnings (P/E): 47.2
Beta (1Y): 1.35
Revenue Growth: 84.72%
EPS Growth: 168.50%
Country: TW
Employees: 1,443
Sector: General
Sector Strength: 55
Industry: Manufacturing - Metal Fabrication

King Slide Works Co., Ltd. Business Overview & Revenue Model

Company Description

King Slide Works Co., Ltd., along with its affiliated companies, specializes in the production of furniture hardware across Taiwan, China, the United States, and other global markets. The firm also engineers, produces, and distributes various mechani...

King Slide Works Co., Ltd. Financial Statement Overview

Summary

Excellent financial performance, supported by strong profitability, very low leverage, improving return on equity, and robust operating and free cash flow. Some margin pressure limits the score.

Income Statement

91Very Positive

Balance Sheet

94Very Positive

Cash Flow

93Very Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	25.60B	17.50B	10.13B	5.76B	7.80B	6.34B
Gross Profit	20.68B	13.31B	7.00B	3.53B	4.47B	3.35B
EBITDA	20.98B	12.45B	8.15B	3.73B	5.31B	2.83B
Net Income	17.29B	9.84B	6.16B	2.70B	4.06B	2.07B
Balance Sheet
Total Assets	47.11B	35.08B	26.47B	20.58B	19.24B	15.43B
Cash, Cash Equivalents and Short-Term Investments	29.41B	24.08B	17.50B	13.49B	12.70B	9.42B
Total Debt	2.14B	2.13B	2.27B	2.31B	1.88B	1.54B
Total Liabilities	13.34B	7.04B	5.18B	4.14B	3.60B	2.83B
Stockholders Equity	33.75B	28.03B	21.29B	16.44B	15.64B	12.60B
Cash Flow
Free Cash Flow	11.44B	10.29B	4.83B	2.90B	3.11B	747.98M
Operating Cash Flow	12.60B	11.21B	5.19B	3.28B	3.94B	1.52B
Investing Cash Flow	-1.18B	-926.81M	530.17M	-160.70M	-436.35M	-2.26B
Financing Cash Flow	-3.28B	-3.24B	-1.51B	-1.97B	-623.99M	-359.08M

King Slide Works Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:2059 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:7769	77Outperform	TWD 759.19B	45.82	―	1.54%	―	―
TW:2059	74Outperform	TWD 816.22B	47.22	―	0.60%	84.72%	168.50%
TW:3533	70Outperform	TWD 198.06B	21.20	―	1.98%	12.66%	15.78%
TW:3653	70Outperform	TWD 845.46B	137.18	―	0.38%	27.72%	46.48%
TW:3665	67Neutral	TWD 305.35B	27.87	―	1.01%	33.39%	60.44%
TW:3017	66Neutral	TWD 1.10T	38.20	64.95%	0.75%	81.81%	137.51%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* General Sector Average

Performance Comparison

TW:2059 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:2059	King Slide Works Co., Ltd.	8565.00	4803.27	127.69%
TW:3017	Asia Vital Components Co., Ltd.	2790.00	1305.29	87.91%
TW:3533	Lotes Co., Ltd	1760.00	536.69	43.87%
TW:3653	Jentech Precision Industrial Co., Ltd	5790.00	3330.27	135.39%
TW:3665	BizLink Holding Inc.	1530.00	-61.06	-3.84%
TW:7769	Hon. Precision, Inc.	4220.00	1869.89	79.57%

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

King Slide Works Co., Ltd. AI Stock Analysis