Yulon Motor Co.,Ltd AI Stock Analysis
Yulon Motor Co.,Ltd (2201) AI Stock Analysis
Yulon Motor Co.,Ltd
(TWSE:2201)
Yulon Motor scores poorly, driven primarily by a sharp deterioration in financial performance: revenue down to NT$72.4bn, net income down to NT$1.0bn, a 1.4% net margin and a heavily geared balance sheet with debt at 3.75x equity. Technicals reinforce the caution, with the share price below all major moving averages and a negative MACD, although the oversold RSI could support a short-term bounce. Valuation adds further pressure, as a 29.7x P/E is hard to justify against depressed earnings, with only a 2.09% dividend yield as compensation. The main positives are strong free cash flow of NT$16.3bn, healthy gross and EBITDA margins, and steady deleveraging from 5.22x to 3.75x debt-to-equity since 2022 - progress that needs a volume and margin recovery to translate into shareholder returns.
Yulon Motor Co.,Ltd (2201) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 27.78B
- Dividend Yield
- 2.10%
- Average Volume (3M)
- 3.39M
- Price to Earnings (P/E)
- 29.7
- Beta (1Y)
- 0.37
- Revenue Growth
- -4.59%
- EPS Growth
- -34.03%
- Country
- TW
- Employees
- 1,236
- Sector
- General
- Sector Strength
- 55
- Industry
- Auto - Manufacturers
Yulon Motor Co.,Ltd Business Overview & Revenue Model
Company Description
Headquartered in Miaoli, Taiwan, Yulon Motor Company Ltd. is a multifaceted enterprise established in 1953. Initially known as Yulon Machinery Manufacturing Co., Ltd., it adopted its current name in September 1960. The company's primary focus lies in...
Yulon Motor Co.,Ltd Financial Statement Overview
Summary
Financials are weak overall. Revenue fell from NT$85.8bn to NT$72.4bn, EBIT halved to NT$5.6bn and net income collapsed to NT$1.0bn, cutting the net margin to 1.4% and ROE to just 1.5%. The balance sheet is the biggest risk, with debt at roughly 3.75x equity (though improving from 5.22x in 2022) reflecting the captive finance arm. The offset is cash generation: NT$19.0bn operating cash flow and NT$16.3bn free cash flow vastly exceed reported profit, while gross (32.3%) and EBITDA (23.9%) margins remain respectable. However, cash flow has been highly volatile historically, with deeply negative operating cash flow in 2021-2023.
Income Statement
42NeutralBalance Sheet
34NegativeCash Flow
60Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 71.16B | 72.36B | 85.78B | 82.12B | 77.08B | 78.00B |
| Gross Profit | 22.65B | 23.34B | 26.88B | 28.86B | 27.46B | 23.37B |
| EBITDA | 16.68B | 17.27B | 21.91B | 23.41B | 12.86B | 18.41B |
| Net Income | 948.35M | 979.01M | 3.95B | 4.69B | -1.19B | 7.74B |
Balance Sheet | ||||||
| Total Assets | 368.56B | 366.95B | 377.82B | 387.74B | 360.43B | 323.86B |
| Cash, Cash Equivalents and Short-Term Investments | 18.84B | 19.14B | 20.74B | 20.41B | 22.39B | 22.82B |
| Total Debt | 237.17B | 237.37B | 249.42B | 261.36B | 251.24B | 221.75B |
| Total Liabilities | 273.43B | 273.04B | 283.70B | 298.99B | 287.92B | 253.16B |
| Stockholders Equity | 64.43B | 63.25B | 64.05B | 59.91B | 48.13B | 52.65B |
Cash Flow | ||||||
| Free Cash Flow | 12.41B | 16.31B | 16.76B | -14.93B | -31.26B | -22.18B |
| Operating Cash Flow | 13.40B | 19.03B | 19.41B | -13.01B | -29.98B | -20.20B |
| Investing Cash Flow | -8.08B | -6.07B | -2.78B | -5.74B | -2.73B | -2.61B |
| Financing Cash Flow | -7.92B | -14.26B | -19.63B | 17.96B | 34.56B | 18.15B |
Yulon Motor Co.,Ltd Peers Comparison
Overall Rating
TW:660570Outperform
TW:220460Neutral
TW:659257Neutral
TW:210150Neutral- TW:220143Neutral
TW:803341Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:6605 | 70Outperform | TWD 21.39B | 8.33 | ― | 5.04% | 0.52% | 23.32% |
| TW:2204 | 60Neutral | TWD 28.57B | 8.32 | ― | 6.98% | 10.21% | 12.47% |
| TW:6592 | 57Neutral | TWD 35.62B | 10.95 | ― | 5.41% | -5.16% | 34.90% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:2101 | 50Neutral | TWD 20.27B | 4.93 | ― | 4.70% | 10.34% | 107.24% |
| TW:2201 | 43Neutral | TWD 28.37B | 29.67 | ― | 2.10% | -4.59% | -34.03% |
| TW:8033 | 41Neutral | TWD 23.05B | 421.21 | ― | ― | 14.04% | -65.02% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:2201 | Yulon Motor Co.,Ltd | 26.70 | -8.51 | -24.17% | |
| TW:2101 | Nankang Rubber Tire Corp., Ltd. | 27.65 | -7.66 | -21.70% | |
| TW:2204 | China Motor Corporation | 51.60 | -4.32 | -7.73% | |
| TW:6592 | Hotai Finance Co., Ltd. | 55.50 | -1.87 | -3.26% | |
| TW:6605 | Depo Auto Parts Industrial Co. Ltd. | 129.00 | -5.64 | -4.19% | |
| TW:8033 | Thunder Tiger Corp. | 140.00 | 18.66 | 15.38% |
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