TSG Star Travel Corp AI Stock Analysis
TSG Star Travel Corp (2719) AI Stock Analysis
TSG Star Travel Corp
(TPEx:2719)
TSG Star Travel scores low primarily because its operating performance has deteriorated: revenue declined roughly 14%, the company swung back to a small net loss, and free cash flow stayed negative for the fifth year in six, with gross margins near 5% offering almost no buffer. Technicals reinforce the caution, as the stock trades below all key moving averages with negative MACD, though oversold RSI and Stochastic readings hint at potential short-term stabilisation. Valuation offers little support — a 16.6x P/E against loss-making results and no dividend. The main positive is balance-sheet strength: debt-to-equity of just 0.14, equity funding about two-thirds of assets, and a steadily shrinking cash burn, which gives management runway to restore profitability. A return to revenue growth and sustained positive operating cash flow would be the key catalysts for an upgrade.
TSG Star Travel Corp (2719) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 1.25B
- Dividend Yield
- ―
- Average Volume (3M)
- 11.61K
- Price to Earnings (P/E)
- 17.1
- Beta (1Y)
- 0.38
- Revenue Growth
- -20.72%
- EPS Growth
- ―
- Country
- TW
- Employees
- 121
- Sector
- General
- Sector Strength
- 55
- Industry
- Travel Services
TSG Star Travel Corp Business Overview & Revenue Model
Company Description
TSG Star Travel Corp. operates as a provider of travel agency services. This company, which commenced its operations in 2003, was formerly known as Star Travel Corp. It maintains its headquarters in New Taipei City, Taiwan.
TSG Star Travel Corp Financial Statement Overview
Summary
A weak income statement (score 38) and poor cash generation (score 30) dominate the picture: revenue fell about 14% to NT$1.96 billion, the company swung from net income of NT$86.9 million to a net loss of NT$10.0 million, and operating/free cash flow remained negative for the fifth year in six. Gross margin near 5.2% leaves virtually no cushion. The offsetting strength is a conservatively financed balance sheet (score 70) — debt-to-equity of just 0.14, equity funding roughly 65% of assets, and three consecutive years of debt reduction — plus a sharply narrowing cash burn (from -NT$167.6 million in 2020 to about -NT$10.9 million now). Financial resilience buys time, but profitability and cash conversion remain unproven.
Income Statement
38NegativeBalance Sheet
70PositiveCash Flow
30Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.73B | 1.96B | 2.29B | 1.10B | 81.81M | 33.13M |
| Gross Profit | 162.44M | 102.30M | 100.74M | 114.83M | -40.00K | 5.18M |
| EBITDA | 62.02M | -10.71M | 104.24M | 112.70M | -38.51M | -35.35M |
| Net Income | 47.42M | -10.05M | 86.86M | 105.32M | -44.59M | -42.62M |
Balance Sheet | ||||||
| Total Assets | 1.03B | 1.08B | 1.17B | 967.10M | 654.93M | 230.16M |
| Cash, Cash Equivalents and Short-Term Investments | 510.01M | 438.53M | 475.36M | 429.15M | 404.48M | 52.15M |
| Total Debt | 21.15M | 96.85M | 109.12M | 125.39M | 92.39M | 150.65M |
| Total Liabilities | 281.02M | 377.44M | 459.38M | 348.57M | 147.13M | 179.91M |
| Stockholders Equity | 745.52M | 707.48M | 712.26M | 618.53M | 507.80M | 50.25M |
Cash Flow | ||||||
| Free Cash Flow | 44.58M | -10.87M | -55.52M | 27.41M | -31.56M | -35.50M |
| Operating Cash Flow | 44.67M | -10.46M | -46.29M | 37.85M | -29.58M | -35.34M |
| Investing Cash Flow | 184.75M | 56.26M | -182.48M | -29.45M | -59.11M | 1.56M |
| Financing Cash Flow | -82.34M | -11.08M | -16.57M | -5.73M | 441.02M | 56.25M |
TSG Star Travel Corp Peers Comparison
Overall Rating
TW:275170Outperform
TW:696162Neutral
TW:570453Neutral- TW:271944Neutral
TW:271243Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:2751 | 70Outperform | TWD 1.04B | 10.38 | ― | 8.56% | 24.76% | 15.78% |
| TW:6961 | 62Neutral | TWD 1.09B | 15.44 | ― | 12.35% | ― | ― |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:5704 | 53Neutral | TWD 1.25B | 64.26 | ― | ― | 10.31% | ― |
| TW:2719 | 44Neutral | TWD 1.25B | 17.07 | ― | ― | -20.72% | ― |
| TW:2712 | 43Neutral | TWD 1.29B | -47.13 | ― | ― | 25.09% | 72.18% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:2719 | TSG Star Travel Corp | 18.10 | -16.90 | -48.29% | |
| TW:2712 | Far Glory Hotel Co., Ltd. | 12.30 | -6.95 | -36.10% | |
| TW:2751 | Kingza International Co Ltd | 52.50 | -8.99 | -14.62% | |
| TW:5704 | Hotel Royal Chihpen | 21.25 | -3.68 | -14.74% | |
| TW:6961 | Uni Travel Services Co. Ltd. | 40.50 | -30.50 | -42.96% | |
| TW:7889 | TSA international Co., Ltd. | 61.90 | -39.91 | -39.20% |
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