G-SHANK Enterprise Co., Ltd. (2476) AI Stock Analysis

G-SHANK Enterprise Co., Ltd.

(TWSE:2476)

Select Model

Rating:65Neutral

Price Target:TWD 97.00▲(1.57% Upside)

Action:initiatedcoverage

Date:11/09/26

G-SHANK scores moderately well overall, driven primarily by a strong financial profile: a very conservatively leveraged balance sheet (debt-to-equity 0.15), record revenue of NT$7.45bn and a sharp rebound in cash generation with free cash flow back in positive territory. Offsetting this is meaningful margin compression — operating margin fell from 25.4% to 16.8% and net income declined despite higher sales — in a cyclical end market. The largest drag on the score is the technical setup: the stock trades far below all major moving averages with sharply negative MACD momentum, reflecting persistent selling pressure. Partially cushioning the downside is an undemanding 14.9 P/E and a 3.29% dividend yield backed by a solid balance sheet, making this a financially low-risk name currently facing clear negative price trends.

Positive Factors

Revenue ExpansionThe substantial multi-year revenue increase indicates that the company has expanded its business base despite an uneven path. A larger revenue platform can support operating scale, broaden customer and application exposure, and provide a stronger foundation for sustained earnings over the next several quarters.

Negative Factors

Margin CompressionThe sharp year-over-year decline in profitability shows that higher revenue is not currently translating proportionately into earnings. If the lower margins persist, cost pressure, mix changes, or operating burdens could limit profit growth and weaken the durability of the company’s earnings power.

G-SHANK Enterprise Co., Ltd. (2476) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 21.78B
Dividend Yield: 3.11%
Average Volume (3M): 1.40M
Price to Earnings (P/E): 14.9
Beta (1Y): 1.14
Revenue Growth: 36.13%
EPS Growth: 60.59%
Country: TW
Employees: 2,676
Sector: General
Sector Strength: 55
Industry: Industrial - Machinery

G-SHANK Enterprise Co., Ltd. Business Overview & Revenue Model

Company Description

G-SHANK Enterprise Co., Ltd. is a global provider specializing in the design, production, and distribution of precision tooling (dies), stamped metal components, and plastic injection molding services. The firm also offers electroplating solutions an...

G-SHANK Enterprise Co., Ltd. Financial Statement Overview

Summary

A financially sturdy, conservatively financed manufacturer. The balance sheet is the anchor (score 85): equity of NT$8.88bn funds about two-thirds of the NT$13.13bn asset base, and debt-to-equity has fallen to just 0.15 from 0.29 in 2020, leaving ample flexibility and low interest-rate risk. Cash flow improved markedly (score 70) with operating cash flow up 71% to NT$956m and free cash flow swinging back positive at NT$442m after a heavy capex year, though conversion remains capex-dependent and volatile. The income statement is the weakest link (score 68): revenue hit a record NT$7.45bn, up roughly 13%, but net income slipped to NT$929m as operating margin compressed from 25.4% to 16.8% and ROE eased to 10.5%. Growth and solvency are solid; margin defense and earning a return on recent capacity investment are the key watch items.

Income Statement

68Positive

Balance Sheet

85Very Positive

Cash Flow

70Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	8.72B	7.45B	6.61B	5.75B	6.78B	6.42B
Gross Profit	2.66B	2.20B	2.10B	1.66B	1.96B	1.90B
EBITDA	2.04B	1.49B	1.88B	932.66M	1.53B	1.24B
Net Income	1.35B	928.61M	1.06B	675.04M	867.60M	648.36M
Balance Sheet
Total Assets	13.60B	13.13B	12.34B	9.82B	9.67B	9.17B
Cash, Cash Equivalents and Short-Term Investments	5.59B	5.89B	5.89B	5.18B	4.90B	4.42B
Total Debt	547.38M	1.34B	1.36B	1.33B	1.26B	1.41B
Total Liabilities	3.76B	3.57B	3.44B	3.07B	3.18B	3.35B
Stockholders Equity	9.11B	8.88B	8.29B	6.07B	5.82B	5.22B
Cash Flow
Free Cash Flow	621.39M	442.07M	-960.30M	179.29M	1.29B	367.88M
Operating Cash Flow	1.15B	955.85M	560.14M	634.30M	1.48B	552.52M
Investing Cash Flow	-563.12M	-555.49M	-1.54B	-456.07M	-185.19M	-128.29M
Financing Cash Flow	-802.68M	-466.16M	540.92M	-438.13M	-623.12M	-234.86M

G-SHANK Enterprise Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:2476 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:5007	73Outperform	TWD 16.46B	15.69	―	5.38%	0.29%	31.68%
TW:4770	69Neutral	TWD 23.63B	25.17	―	2.03%	-5.30%	-14.35%
TW:2476	65Neutral	TWD 20.92B	14.92	―	3.11%	36.13%	60.59%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:3376	48Neutral	TWD 23.40B	82.07	―	3.35%	-21.58%	-63.49%
TW:2392	45Neutral	TWD 16.68B	4.42	―	2.91%	-10.50%	1834.43%

* General Sector Average

Performance Comparison

TW:2476 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:2476	G-SHANK Enterprise Co., Ltd.	95.50	3.00	3.24%
TW:2392	Cheng Uei Precision Industry Co., Ltd.	34.40	-10.16	-22.80%
TW:3376	Shin Zu Shing Co., Ltd.	119.50	-64.92	-35.20%
TW:4770	Allied Supreme Corp	295.50	74.79	33.89%
TW:5007	San Shing Fastech Corp.	55.80	7.24	14.91%
TW:7788	Song Chuan Precision Co Ltd	212.00	104.44	97.11%

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

G-SHANK Enterprise Co., Ltd. AI Stock Analysis