C.T.I. Traffic Industries Co., Ltd. (2230) AI Stock Analysis

C.T.I. Traffic Industries Co., Ltd.

(TPEx:2230)

Select Model

Rating:40Underperform

Price Target:TWD 15.50▼(-18.42% Downside)

Action:initiatedcoverage

Date:11/10/26

The score is driven primarily by severely deteriorating profitability and cash generation. Persistent technical weakness and a negative P/E also weigh on the result, while the dividend yield and oversold technical readings provide only modest support.

Positive Factors

Diversified LED ApplicationsThe company addresses multiple end markets with LED lamps, luminaires, and lighting components, while selling through both domestic and overseas channels. This breadth can diversify demand sources and support business continuity over the next several quarters if weakness in one application or geography persists.

Negative Factors

2025 Profitability CollapseThe 2025 deterioration affects both growth and profitability, with lower revenue accompanied by a severe gross-margin contraction and a swing to net losses. This combination raises concerns about earnings stability and suggests that pricing or cost pressures could remain a material drag over the next several quarters.

C.T.I. Traffic Industries Co., Ltd. (2230) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 1.33B
Dividend Yield: 3.20%
Average Volume (3M): 123.74K
Price to Earnings (P/E): -8.9
Beta (1Y): 0.60
Revenue Growth: -4.47%
EPS Growth: -514.66%
Country: TW
Employees: 103
Sector: General
Sector Strength: 55
Industry: Auto - Parts

C.T.I. Traffic Industries Co., Ltd. Business Overview & Revenue Model

Company Description

C.T.I. Traffic Industries Co., Ltd., established in 1973 and headquartered in Tainan City, Taiwan, specializes in the global manufacturing and distribution of a comprehensive array of engine components. The company's product line features various pis...

C.T.I. Traffic Industries Co., Ltd. Financial Statement Overview

Summary

Severe financial weakness: revenue and margins declined, profitability turned negative, and operating and free cash flow became heavily negative. Positive equity and moderate leverage provide limited support, but the overall financial profile is poor.

Income Statement

18Very Negative

Balance Sheet

52Neutral

Cash Flow

10Very Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Mar 2025	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.42B	2.03B	1.98B	658.41M	504.38M	564.79M
Gross Profit	71.23M	122.49M	450.58M	217.11M	74.03M	77.63M
EBITDA	1.05B	-30.80M	390.20M	152.96M	151.69M	37.53M
Net Income	-159.84M	-71.36M	324.43M	126.44M	126.35M	-3.12M
Balance Sheet
Total Assets	1.94B	2.07B	1.83B	1.46B	1.00B	1.03B
Cash, Cash Equivalents and Short-Term Investments	536.40M	613.77M	702.22M	520.45M	365.42M	262.97M
Total Debt	627.00M	585.83M	323.30M	429.54M	294.94M	329.41M
Total Liabilities	862.31M	865.38M	474.31M	561.61M	413.57M	561.01M
Stockholders Equity	1.06B	1.19B	1.33B	885.04M	575.72M	438.83M
Cash Flow
Free Cash Flow	-461.07M	-420.97M	172.43M	-151.52M	48.44M	-9.63M
Operating Cash Flow	-395.58M	-350.68M	229.61M	93.94M	64.45M	911.00K
Investing Cash Flow	-163.20M	-107.23M	-112.40M	-274.45M	89.40M	46.30M
Financing Cash Flow	111.01M	349.07M	-16.66M	319.08M	-34.60M	-23.79M

C.T.I. Traffic Industries Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:2230 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:2235	64Neutral	TWD 1.02B	21.04	―	5.28%	-7.77%	4.84%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:8928	46Neutral	TWD 1.04B	8.19	―	3.91%	-12.55%	122.09%
TW:1336	46Neutral	TWD 1.18B	16.29	―	1.71%	8.95%	-21.28%
TW:4528	45Neutral	TWD 1.18B	-20.70	―	1.42%	-3.33%	-515.57%
TW:1338	40Underperform	TWD 1.12B	-6.10	―	2.34%	1.66%	29.65%
TW:2230	40Underperform	TWD 1.29B	-8.86	―	3.20%	-4.47%	-514.66%

* General Sector Average

Performance Comparison

TW:2230 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:2230	C.T.I. Traffic Industries Co., Ltd.	19.00	-81.55	-81.10%
TW:1336	Taihan Precision Technology Co., Ltd.	15.20	-1.03	-6.35%
TW:1338	Hiroca Holdings Ltd.	13.30	-7.62	-36.42%
TW:2235	I Yuan Precision Industrial Co. Ltd.	28.40	-3.86	-11.96%
TW:4528	Chian Hsing Forging Industrial Co., Ltd.	14.05	-3.05	-17.83%
TW:8928	Dynamic Precision Industry Corp.	20.45	-5.79	-22.06%

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

C.T.I. Traffic Industries Co., Ltd. AI Stock Analysis