Coplus Inc. (2254) AI Stock Analysis

Coplus Inc.

(TWSE:2254)

Select Model

Rating:46Neutral

Price Target:TWD 108.00▼(-3.14% Downside)

Action:initiatedcoverage

Date:11/10/26

The score is constrained primarily by weak profitability, declining revenue, continued losses, and negative valuation. Improving leverage and cash generation, along with strong technical momentum, provide some support, but the overbought indicators and ongoing financial weakness materially limit the overall score.

Positive Factors

Free Cash Flow TurnaroundThe return to positive free cash flow is an important improvement in internal funding capacity after negative free cash flow in 2021–2024. Although the recovery needs to prove durable, stronger cash discipline can support debt service, investment, and resilience without relying entirely on external financing.

Negative Factors

Revenue ContractionThe sharp 2025 revenue decline weakens operating scale and makes it harder to absorb fixed costs, invest in the business, or regain profitability. A sustained contraction would also reduce the benefits of the company’s prior operating base and keep earnings recovery dependent on reversing demand weakness.

Coplus Inc. (2254) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 7.14B
Dividend Yield: ―
Average Volume (3M): 2.12M
Price to Earnings (P/E): -27.3
Beta (1Y): 0.26
Revenue Growth: -78.81%
EPS Growth: -761.63%
Country: TW
Employees: 349
Sector: General
Sector Strength: 55
Industry: Auto - Parts

Coplus Inc. Business Overview & Revenue Model

Company Description

Coplus Inc. offers single products of automobile and motorcycle parts in Taiwan, the United States, and internationally. The company offers headlights, radiator grilles, water tank shields, and automotive components. The company was founded in 1964 a...

Coplus Inc. Financial Statement Overview

Summary

Financial performance is weak overall: declining revenue and margins, continued net losses, and leverage remain significant risks. Improved debt levels, operating cash flow, and positive free cash flow provide partial support.

Income Statement

25Negative

Balance Sheet

55Neutral

Cash Flow

50Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Mar 2023	Dec 2021
Income Statement
Total Revenue	221.34M	477.76M	632.84M	549.66M	928.67M	1.16B
Gross Profit	-58.28M	105.00M	166.12M	156.47M	333.88M	444.76M
EBITDA	-62.80M	88.87M	74.47M	78.37M	284.05M	395.78M
Net Income	-199.59M	-53.39M	-67.49M	-47.56M	148.71M	251.21M
Balance Sheet
Total Assets	2.19B	2.18B	2.42B	2.40B	2.09B	2.20B
Cash, Cash Equivalents and Short-Term Investments	148.38M	85.84M	147.65M	361.51M	246.68M	554.88M
Total Debt	1.17B	1.01B	1.17B	1.24B	1.12B	1.34B
Total Liabilities	1.23B	1.08B	1.26B	1.41B	1.33B	1.55B
Stockholders Equity	967.02M	1.10B	1.16B	990.90M	760.52M	647.58M
Cash Flow
Free Cash Flow	-130.14M	98.08M	-106.69M	-274.46M	-272.78M	-518.10M
Operating Cash Flow	-120.88M	124.37M	12.34M	2.15M	22.61M	494.05M
Investing Cash Flow	-21.99M	-26.39M	-117.36M	-276.70M	-291.77M	-987.07M
Financing Cash Flow	135.10M	-165.08M	-109.79M	390.64M	-36.55M	862.04M

Coplus Inc. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:2254 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:8390	73Outperform	TWD 7.76B	8.53	―	4.82%	31.85%	50.37%
TW:4571	71Outperform	TWD 7.65B	16.61	―	3.53%	-0.89%	-0.66%
TW:8938	58Neutral	TWD 7.36B	11.07	―	8.70%	-0.03%	-33.33%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:3003	54Neutral	TWD 7.46B	19.54	―	2.06%	11.87%	44.15%
TW:2254	46Neutral	TWD 7.08B	-27.33	―	―	-78.81%	-761.63%
TW:1522	42Neutral	TWD 7.42B	-121.64	―	5.01%	34.53%	-119.38%

* General Sector Average

Performance Comparison

TW:2254 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:2254	Coplus Inc.	111.50	53.50	92.24%
TW:1522	TYC Brother Industrial Co, Ltd.	23.95	-21.56	-47.37%
TW:3003	K.S. Terminals Inc.	48.50	1.31	2.77%
TW:4571	Khgears International Ltd.	149.50	-7.24	-4.62%
TW:8390	Jiin Yeeh Ding Enterprise Co., Ltd.	78.80	12.64	19.11%
TW:8938	Advanced International Multitech Co. Ltd.	46.00	-17.18	-27.19%

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 09, 2026

Coplus Inc. AI Stock Analysis