FORTUNE ORIENTAL CO., LTD. (2491) AI Stock Analysis

FORTUNE ORIENTAL CO., LTD.

(TWSE:2491)

Select Model

Rating:46Neutral

Price Target:TWD 34.00▼(-1.45% Downside)

Action:initiatedcoverage

Date:11/10/26

The score is primarily constrained by weak financial performance, especially negative cash flow and deteriorating operating results. Technical indicators are also unfavorable, while the very low P/E ratio provides meaningful support. Earnings-call and corporate-event components were excluded because no usable data was provided.

Positive Factors

Low LeverageModest leverage gives the company greater financial resilience and reduces the burden of interest and refinancing obligations. This preserves flexibility to withstand operating volatility and limits the balance-sheet risk that would otherwise amplify weak profitability or uneven cash generation.

Negative Factors

Weak Cash GenerationPersistent negative operating and free cash flow weakens the quality of reported earnings and can force reliance on balance-sheet resources or financing. The repeated shortfalls, including 2025, raise a durable concern about the company's ability to fund operations and investment internally.

FORTUNE ORIENTAL CO., LTD. (2491) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 2.76B
Dividend Yield: ―
Average Volume (3M): 1.60M
Price to Earnings (P/E): 2.4
Beta (1Y): 1.07
Revenue Growth: -2.42%
EPS Growth: 1920.49%
Country: TW
Employees: 18
Sector: General
Sector Strength: 55
Industry: Furnishings, Fixtures & Appliances

FORTUNE ORIENTAL CO., LTD. Business Overview & Revenue Model

Company Description

Fortune Oriental Company Limited, with its headquarters located in New Taipei City, Taiwan, is engaged in the manufacturing and distribution of various lighting solutions throughout the Taiwanese market. The company's product line includes a wide arr...

FORTUNE ORIENTAL CO., LTD. Financial Statement Overview

Summary

Weak overall financial quality. The average of the income statement, balance sheet, and cash flow scores is 37. Low debt and improved equity are outweighed by sharply lower revenue and margins, negative operating profitability, and negative operating and free cash flow.

Income Statement

18Very Negative

Balance Sheet

78Positive

Cash Flow

15Very Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	173.61M	179.87M	200.83M	192.54M	-241.43M	369.59M
Gross Profit	28.75M	8.11M	76.46M	51.31M	-383.81M	242.57M
EBITDA	-14.93M	-97.07M	-27.19M	91.98M	-597.71M	142.95M
Net Income	2.62B	116.92M	-32.78M	37.25M	-644.84M	124.64M
Balance Sheet
Total Assets	6.31B	1.68B	1.43B	1.45B	1.38B	2.41B
Cash, Cash Equivalents and Short-Term Investments	5.09B	1.12B	744.00M	793.57M	834.20M	1.78B
Total Debt	35.10M	54.85M	43.01M	53.84M	32.67M	28.79M
Total Liabilities	1.12B	347.60M	205.23M	185.94M	152.51M	327.79M
Stockholders Equity	4.08B	929.27M	808.12M	827.68M	792.62M	1.16B
Cash Flow
Free Cash Flow	-97.87M	-90.04M	-42.76M	-100.07M	143.47M	-55.10M
Operating Cash Flow	-96.76M	-88.42M	7.08M	-39.39M	161.05M	-38.27M
Investing Cash Flow	-583.93M	-69.63M	52.13M	27.15M	53.24M	33.61M
Financing Cash Flow	657.17M	182.12M	-16.09M	-29.23M	-241.50M	-10.94M

FORTUNE ORIENTAL CO., LTD. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:2491 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:3332	77Outperform	TWD 2.88B	15.80	―	3.32%	16.93%	34.17%
TW:3038	60Neutral	TWD 2.87B	15.37	―	6.43%	-9.99%	1.97%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:3591	50Neutral	TWD 3.16B	138.00	―	4.54%	7.16%	163.81%
TW:2491	46Neutral	TWD 2.81B	2.42	―	―	-2.42%	1920.49%
TW:4956	41Neutral	TWD 3.22B	90.03	―	―	1.03%	―
TW:2461	39Underperform	TWD 3.07B	35.22	―	6.27%	0.99%	―

* General Sector Average

Performance Comparison

TW:2491 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:2491	FORTUNE ORIENTAL CO., LTD.	34.50	20.90	153.68%
TW:2461	K LASER Technology, Inc.	15.85	0.45	2.92%
TW:3038	Emerging Display Technologies Corp	18.65	-1.33	-6.63%
TW:3332	Cincon Electronics Co., Ltd.	60.30	-1.50	-2.43%
TW:3591	Edison Opto Corporation	25.35	5.78	29.55%
TW:4956	Epileds Technologies, Inc.	32.95	13.70	71.17%

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

FORTUNE ORIENTAL CO., LTD. AI Stock Analysis