CSBC Corp. Taiwan AI Stock Analysis
CSBC Corp. Taiwan (2208) AI Stock Analysis
CSBC Corp. Taiwan
(TWSE:2208)
CSBC scores poorly, driven primarily by severe financial strain: chronic unprofitability with negative gross margins, a near-NT$10 billion free cash flow burn in 2025, and leverage that doubled to about 3.1x as equity shrank and debt grew over 60%. Technicals reinforce the caution, with the stock below all key moving averages and a negative MACD, though deeply oversold momentum readings suggest the selling may be stretched. Valuation adds no offset given a high ~35x P/E on loss-making earnings and no dividend. The 50% revenue rebound and halved gross-margin loss show a possible turnaround beginning, but sustained margin gains and positive operating cash flow are needed before the risk profile improves.
CSBC Corp. Taiwan (2208) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 21.48B
- Dividend Yield
- ―
- Average Volume (3M)
- 2.73M
- Price to Earnings (P/E)
- 42.6
- Beta (1Y)
- 0.65
- Revenue Growth
- -11.51%
- EPS Growth
- ―
- Country
- TW
- Employees
- 2,979
- Sector
- General
- Sector Strength
- 55
- Industry
- Aerospace & Defense
CSBC Corp. Taiwan Business Overview & Revenue Model
Company Description
Established in 1973 and headquartered in Kaohsiung, Taiwan, CSBC Corporation operates as a prominent entity in the global shipbuilding and marine services industry. The company excels in the construction, fabrication, and maintenance of a wide variet...
CSBC Corp. Taiwan Financial Statement Overview
Summary
Financials are the dominant weakness. Revenue rebounded roughly 50% to about NT$21.8 billion and gross losses were halved, but CSBC still fails to cover production costs, posting a -10.2% gross margin, -13.6% operating margin and a NT$2.26 billion net loss — the fifth loss-making year in six. The balance sheet deteriorated sharply as debt rose to NT$22.6 billion while equity fell to NT$7.2 billion, lifting leverage to about 3.1x with ROE of -31.5%. Cash flow is the weakest link: operating cash flow of negative NT$9.5 billion and free cash flow of negative NT$10.4 billion mean the company burns roughly NT$0.40 of cash per NT$1 of sales and relies on new borrowings to operate.
Income Statement
19Very NegativeBalance Sheet
22NegativeCash Flow
14Very Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 17.53B | 21.78B | 14.49B | 21.48B | 21.99B | 19.11B |
| Gross Profit | -189.48M | -2.21B | -3.06B | -2.41B | -3.10B | 555.22M |
| EBITDA | 427.32M | -1.96B | -1.60B | -1.75B | -2.43B | 1.03B |
| Net Income | 624.89M | -2.26B | -2.78B | -4.03B | -3.53B | 13.23M |
Balance Sheet | ||||||
| Total Assets | 53.34B | 46.42B | 34.02B | 39.30B | 46.64B | 43.72B |
| Cash, Cash Equivalents and Short-Term Investments | 1.35B | 1.91B | 3.62B | 7.33B | 2.48B | 2.77B |
| Total Debt | 31.01B | 22.57B | 14.06B | 19.46B | 22.89B | 14.27B |
| Total Liabilities | 45.81B | 39.28B | 24.95B | 32.63B | 36.82B | 30.46B |
| Stockholders Equity | 7.59B | 7.18B | 9.10B | 6.69B | 9.81B | 13.24B |
Cash Flow | ||||||
| Free Cash Flow | -17.43B | -10.37B | -3.42B | 7.27B | -8.72B | -1.43B |
| Operating Cash Flow | -15.85B | -9.52B | -2.86B | 8.33B | -7.82B | 798.01M |
| Investing Cash Flow | -1.56B | -848.43M | -527.94M | -914.32M | -1.07B | -2.78B |
| Financing Cash Flow | 15.40B | 8.66B | -303.59M | -2.56B | 8.62B | 3.47B |
CSBC Corp. Taiwan Peers Comparison
Overall Rating
TW:260570Outperform
TW:995863Neutral
TW:160947Neutral
TW:201439Underperform- TW:220825Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:2605 | 70Outperform | TWD 18.61B | 6.67 | ― | 3.06% | 22.26% | 399.46% |
| TW:9958 | 63Neutral | TWD 20.28B | 10.57 | ― | 6.03% | 35.63% | 31.07% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:1609 | 47Neutral | TWD 25.02B | 12.21 | ― | 2.17% | 16.53% | 42.90% |
| TW:2014 | 39Underperform | TWD 21.68B | -79.56 | ― | ― | -17.47% | 84.17% |
| TW:2208 | 25Underperform | TWD 21.41B | 42.59 | ― | ― | -11.51% | ― |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:2208 | CSBC Corp. Taiwan | 16.75 | -2.55 | -13.21% | |
| TW:1609 | Ta Ya Electric Wire & Cable Co., Ltd. | 32.20 | -8.94 | -21.73% | |
| TW:2014 | Chung Hung Steel Corporation | 15.10 | 0.25 | 1.68% | |
| TW:2605 | Sincere Navigation Corporation | 32.70 | 10.13 | 44.89% | |
| TW:7786 | Dong Fang Offshore Co., Ltd. | 108.00 | -67.47 | -38.45% | |
| TW:9958 | Century Iron & Steel Industrial Co., Ltd. | 73.10 | -69.04 | -48.57% |
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