Uniform Industrial Corp. (2482) AI Stock Analysis

Uniform Industrial Corp.

(TWSE:2482)

Select Model

Rating:44Neutral

Price Target:TWD 14.00▼(-2.78% Downside)

Action:initiatedcoverage

Date:11/09/26

The score is held down primarily by deteriorating operating performance: a 65% revenue decline since 2023, a swing to a NT$84 million net loss, negative operating margins and free cash flow that has slipped just below breakeven. Technicals reinforce the caution, with the stock trading beneath all major moving averages and a negative MACD, although deeply oversold RSI and Stochastic readings hint at the potential for a near-term bounce. Valuation provides little support given negative earnings and a slim 0.70% yield. The key offset is financial resilience — virtually no debt, equity funding more than 80% of assets, still-positive operating cash flow and stable gross margins above 42% — which gives management runway to weather the downturn. Until revenue stabilizes, the profile is best described as financially safe but operationally challenged.

Positive Factors

Conservative Balance SheetVery low leverage gives Uniform Industrial greater resilience during an earnings downturn and reduces interest and refinancing pressure. The substantial equity base also preserves flexibility to support operations, invest selectively, or withstand weaker demand without relying heavily on additional borrowing.

Negative Factors

Revenue ContractionTwo consecutive years of revenue decline indicate that demand and business momentum have weakened rather than reflecting a single isolated fluctuation. Continued contraction can reduce operating leverage, limit reinvestment capacity, and make a return to sustainable profitability more difficult.

Uniform Industrial Corp. (2482) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 1.12B
Dividend Yield: 0.69%
Average Volume (3M): 111.37K
Price to Earnings (P/E): -21.2
Beta (1Y): 0.66
Revenue Growth: -11.87%
EPS Growth: -31.20%
Country: TW
Employees: 157
Sector: General
Sector Strength: 55
Industry: Computer Hardware

Uniform Industrial Corp. Business Overview & Revenue Model

Company Description

Uniform Industrial Corporation, together with its subsidiaries, engages in the manufacture, processing, and sale of various card readers, check readers, point-of-sale terminals, digital signature machines, and personal password readers. It also offer...

Uniform Industrial Corp. Financial Statement Overview

Summary

A weak earnings profile is only partly offset by an exceptionally clean balance sheet. Revenue has fallen roughly 65% from its 2023 peak to about NT$496 million, operating results have turned sharply negative (operating margin near -19%) and the company posted a NT$84 million net loss, driving return on equity to -7.8%. Cash flow has also thinned: operating cash flow of about NT$40 million was wiped out by NT$42 million of capex, leaving free cash flow marginally negative. The counterweight is financial safety — debt-to-equity of just 0.02, equity funding over 80% of assets, and gross margins holding firm in the 42-45% range, indicating pricing and mix are intact and the issue is scale and fixed-cost absorption. Equity erosion from NT$1.34 billion to NT$1.09 billion remains the key watch item.

Income Statement

25Negative

Balance Sheet

75Positive

Cash Flow

40Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	476.22M	495.81M	596.58M	1.44B	1.26B	827.21M
Gross Profit	203.61M	210.28M	267.19M	614.55M	526.82M	304.26M
EBITDA	-32.94M	-69.98M	85.00M	269.74M	315.96M	43.06M
Net Income	-52.76M	-84.49M	63.09M	186.78M	219.84M	6.56M
Balance Sheet
Total Assets	1.38B	1.32B	1.49B	1.72B	1.50B	1.18B
Cash, Cash Equivalents and Short-Term Investments	624.68M	656.89M	721.52M	736.76M	618.05M	404.33M
Total Debt	13.22M	17.72M	29.00M	32.83M	37.78M	197.68M
Total Liabilities	270.12M	232.06M	217.50M	379.54M	346.10M	339.21M
Stockholders Equity	1.11B	1.09B	1.27B	1.34B	1.15B	842.12M
Cash Flow
Free Cash Flow	-31.27M	-2.02M	23.48M	251.18M	134.83M	42.52M
Operating Cash Flow	42.63M	40.41M	33.18M	290.03M	150.51M	45.99M
Investing Cash Flow	-69.41M	-45.37M	65.78M	-12.35M	30.33M	58.35M
Financing Cash Flow	-55.60M	-57.70M	-91.94M	-128.41M	-42.31M	45.11M

Uniform Industrial Corp. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:2482 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:6154	56Neutral	TWD 1.09B	12.28	―	3.74%	3.43%	163.60%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:3531	48Neutral	TWD 1.26B	32.62	―	2.43%	-24.73%	39.31%
TW:2482	44Neutral	TWD 1.11B	-21.18	―	0.69%	-11.87%	-31.20%
TW:3465	42Neutral	TWD 1.19B	-23.84	―	3.48%	2.48%	-216.17%
TW:2431	41Neutral	TWD 1.10B	-4.48	―	―	-39.87%	-212.53%
TW:3419	28Underperform	TWD 1.22B	-6.17	―	―	2.16%	-0.50%

* General Sector Average

Performance Comparison

TW:2482 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:2482	Uniform Industrial Corp.	14.40	-3.40	-19.08%
TW:2431	Lien Chang Electronic Enterprise Co., Ltd	9.76	-2.54	-20.65%
TW:3419	Wha Yu Industrial Co., Ltd.	10.00	-3.25	-24.53%
TW:3465	New Advanced Electronics Technologies Co., Ltd.	28.40	-15.89	-35.88%
TW:3531	Shian Yih Electronic Industry Co., Ltd	20.55	-1.28	-5.85%
TW:6154	Sunfar Computer Co., Ltd.	13.65	0.39	2.97%

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

Uniform Industrial Corp. AI Stock Analysis