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Taiwan Taxi Co., Ltd. (2640) AI Stock Analysis

TW:2640

Taiwan Taxi Co., Ltd.

(TPEx:2640)

Select Model
Rating:69Neutral
Price Target:TWD 145.00â–²(11.11% Upside)
Action:initiatedcoverage
Date:11/09/26

Taiwan Taxi scores well on fundamentals: consistent revenue growth, expanding net margins, a 24.4% return on equity and a conservatively financed balance sheet, backed by operating cash flow that exceeds reported earnings. Valuation reinforces the case, with a modest 13.9x P/E and a high 6.06% dividend yield. The main drag is price action — the stock sits below all major moving averages with negative MACD, signalling a sustained downtrend, while deeply oversold RSI and Stochastic readings point to stretched selling. Fundamental watch items include decelerating revenue growth, slipping operating margins, a sharp rise in debt and lower free cash flow from heavier capital spending. Overall, a financially sound, income-oriented holding whose weak price trend tempers an otherwise appealing valuation.

Positive Factors
Revenue GrowthSustained revenue expansion over several years indicates growing demand for Taiwan Taxi’s transportation and mobility services. Continued growth in 2025 supports the durability of the company’s market presence and provides a broader base from which to generate future profits.
Negative Factors
Margin SofteningMargin deterioration while revenue continues to grow suggests that incremental costs or pricing pressure are absorbing part of the benefit from expansion. If this pattern persists, it could limit earnings growth and reduce the operating leverage of the business.

Taiwan Taxi Co., Ltd. (2640) vs. SPDR S&P 500 ETF (SPY)

-10%0%10%20%30%40%50%60%TW:2640+7.28%SPY+14.28%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
TWD 7.76B
Dividend Yield
6.13%
Average Volume (3M)
52.91K
Price to Earnings (P/E)
13.7
Beta (1Y)
-0.02
Revenue Growth
6.14%
EPS Growth
2.06%
Country
TW
Employees
800
Sector
General
Sector Strength
55
Industry
General Transportation

Taiwan Taxi Co., Ltd. Business Overview & Revenue Model

Company Description

Taiwan Taxi Co.,Ltd. serves as a prominent provider of diverse transportation solutions throughout Taiwan. The company's primary offering includes convenient, on-demand taxi services. Beyond standard cab rides, its extensive service portfolio encompa...

Taiwan Taxi Co., Ltd. Financial Statement Overview

Summary

Taiwan Taxi combines steady growth with strong profitability: revenue has risen roughly 58% over five years, net margin nearly doubled to 16.9%, and return on equity sits at an impressive 24.4%. The balance sheet is conservatively financed, with equity funding about half of assets and debt-to-equity at a manageable 0.40. Cash generation is high quality, with operating cash flow of NT$695 million exceeding net income by about 1.3x. Offsetting these strengths, momentum is cooling — revenue growth slowed to about 4%, operating margin slipped to 20.9%, debt jumped roughly 34%, and both operating and free cash flow fell on heavier capital spending.

Income Statement

78Positive

Balance Sheet

76Positive

Cash Flow

70Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue3.28B3.15B3.02B2.87B2.53B2.09B
Gross Profit1.66B1.58B1.48B1.35B1.21B953.41M
EBITDA849.51M857.61M881.39M730.73M629.99M492.07M
Net Income565.18M533.87M529.01M419.65M355.56M243.60M
Balance Sheet
Total Assets4.09B4.30B3.90B3.42B3.17B3.03B
Cash, Cash Equivalents and Short-Term Investments1.39B1.46B1.16B908.36M810.69M689.18M
Total Debt450.08M873.76M653.59M512.66M475.77M650.84M
Total Liabilities2.01B2.03B1.73B1.42B1.29B1.27B
Stockholders Equity2.00B2.19B2.07B1.90B1.78B1.63B
Cash Flow
Free Cash Flow654.69M450.05M613.34M383.04M345.86M270.27M
Operating Cash Flow756.42M695.07M820.17M614.05M582.21M458.02M
Investing Cash Flow16.72M-15.43M-437.23M-174.25M-379.46M-231.19M
Financing Cash Flow-536.80M-166.07M-263.39M-311.79M-250.25M-36.04M

Taiwan Taxi Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TW:2640 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
TW:3130TW:313077OutperformTWD 6.77B12.31―7.23%6.28%13.49%
TW:5278TW:527872OutperformTWD 7.27B21.00―5.48%16.37%66.96%
TW:2640TW:264069NeutralTWD 7.79B13.69―6.13%6.14%2.06%
TW:2762TW:276262NeutralTWD 8.50B11.56―12.57%11.32%185.92%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
TW:1522TW:152242NeutralTWD 7.42B-121.64―5.01%34.53%-119.38%
TW:6869TW:686939UnderperformTWD 8.02B-7.09―3.47%7.77%-192.71%

* General Sector Average

Performance Comparison

-40%-20%0%20%40%TW:2640TW:1522TW:2762TW:3130TW:5278TW:6869Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TW:2640 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TW:2640Taiwan Taxi Co., Ltd.130.504.583.64%
TW:1522TYC Brother Industrial Co, Ltd.23.95-21.94-47.81%
TW:2762World Gym Corporation76.007.5010.95%
TW:3130104 Corporation203.50-8.40-3.96%
TW:5278Sunfun Info Co., Ltd.24.15-6.22-20.49%
TW:6869J&V Energy Technology Co.Ltd.57.70-35.19-37.88%
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