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

Taiwan Taxi Co., Ltd.

(TPEx:2640)

Select Model

Rating:70Outperform

Price Target:TWD 145.00▲(11.11% Upside)

Action:initiatedcoverage

Date:11/09/26

Strong financial performance and attractive valuation are primary positives, offset by weak technical momentum.

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)

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

Consistent revenue and profit growth with robust cash generation, stable margins, and solid returns support healthy financial performance.

Income Statement

83Very Positive

Balance Sheet

76Positive

Cash Flow

87Very Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.28B	3.15B	3.02B	2.87B	2.53B	2.09B
Gross Profit	1.66B	1.58B	1.48B	1.35B	1.21B	953.41M
EBITDA	849.51M	857.61M	881.39M	730.73M	629.99M	492.07M
Net Income	565.18M	533.87M	529.01M	419.65M	355.56M	243.60M
Balance Sheet
Total Assets	4.09B	4.30B	3.90B	3.42B	3.17B	3.03B
Cash, Cash Equivalents and Short-Term Investments	1.39B	1.46B	1.16B	908.36M	810.69M	689.18M
Total Debt	450.08M	873.76M	653.59M	512.66M	475.77M	650.84M
Total Liabilities	2.01B	2.03B	1.73B	1.42B	1.29B	1.27B
Stockholders Equity	2.00B	2.19B	2.07B	1.90B	1.78B	1.63B
Cash Flow
Free Cash Flow	654.69M	450.05M	613.34M	383.04M	345.86M	270.27M
Operating Cash Flow	756.42M	695.07M	820.17M	614.05M	582.21M	458.02M
Investing Cash Flow	16.72M	-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
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:3130	77Outperform	TWD 6.77B	12.31	―	7.23%	6.28%	13.49%
TW:5278	72Outperform	TWD 7.27B	21.00	―	5.48%	16.37%	66.96%
TW:2640	70Outperform	TWD 7.79B	13.69	―	6.13%	6.14%	2.06%
TW:2762	62Neutral	TWD 8.50B	11.56	―	12.57%	11.32%	185.92%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:1522	42Neutral	TWD 7.42B	-121.64	―	5.01%	34.53%	-119.38%
TW:6869	39Underperform	TWD 8.02B	-7.09	―	3.47%	7.77%	-192.71%

* General Sector Average

Performance Comparison

TW:2640 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:2640	Taiwan Taxi Co., Ltd.	130.50	8.86	7.28%
TW:1522	TYC Brother Industrial Co, Ltd.	23.95	-21.56	-47.37%
TW:2762	World Gym Corporation	76.00	7.77	11.38%
TW:3130	104 Corporation	203.50	-9.33	-4.38%
TW:5278	Sunfun Info Co., Ltd.	24.15	-5.27	-17.92%
TW:6869	J&V Energy Technology Co.Ltd.	57.70	-31.30	-35.17%

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

Taiwan Taxi Co., Ltd. AI Stock Analysis