TSG Star Travel Corp (2719) AI Stock Analysis

TSG Star Travel Corp

(TPEx:2719)

Select Model

Rating:47Neutral

Price Target:TWD 17.50▼(-3.05% Downside)

Action:initiatedcoverage

Date:11/10/26

The overall score is held down primarily by weak profitability and negative cash flow, despite a solid balance sheet. Bearish technical positioning further weighs on the score, while the moderate P/E provides limited offset.

Positive Factors

Low leverageThe much lower debt-to-equity ratio reduces financial strain and gives the company greater resilience during uneven travel demand. A stronger equity base and declining debt burden also preserve flexibility to fund operations and respond to changing market conditions.

Negative Factors

Revenue and margin pressureThe 2025 top-line decline and margin compression indicate that recent operating momentum has weakened. If this persists, reduced revenue scale and lower profitability per sale could limit earnings recovery and make results more sensitive to changes in customer demand.

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

Weak profitability and cash generation materially outweigh the low-leverage balance sheet. The income statement score was 35, balance sheet score 78, and cash flow score 25; the resulting financial score is constrained to the required 37–99 range.

Income Statement

35Negative

Balance Sheet

78Positive

Cash Flow

25Negative

Financial statement breakdown
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

UnderperformOutperform

Sector (55)

Financial Indicators

TW:2719 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:2751	70Outperform	TWD 1.04B	10.29	―	8.56%	24.76%	15.78%
TW:6961	62Neutral	TWD 1.07B	15.43	―	12.50%	―	―
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:5704	53Neutral	TWD 1.25B	61.91	―	―	10.31%	―
TW:2719	47Neutral	TWD 1.25B	17.03	―	―	-20.72%	―
TW:2712	43Neutral	TWD 1.29B	-47.32	―	―	25.09%	72.18%

* General Sector Average

Performance Comparison

TW:2719 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:2719	TSG Star Travel Corp	18.05	-17.05	-48.58%
TW:2712	Far Glory Hotel Co., Ltd.	12.35	-7.30	-37.15%
TW:2751	Kingza International Co Ltd	52.50	-8.90	-14.49%
TW:5704	Hotel Royal Chihpen	21.05	-4.01	-16.02%
TW:6961	Uni Travel Services Co. Ltd.	40.00	-31.10	-43.74%
TW:7889	TSA international Co., Ltd.	61.90	-39.91	-39.20%

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

TSG Star Travel Corp AI Stock Analysis