Lion Travel Service Co., Ltd. (2731) AI Stock Analysis

Lion Travel Service Co., Ltd.

(TWSE:2731)

Select Model

Rating:74Outperform

Price Target:TWD 152.00▲(9.75% Upside)

Action:initiatedcoverage

Date:11/10/26

Strong financial performance and attractive valuation are the primary positives, supported by low leverage, profitability, positive free cash flow, a low P/E ratio, and a high dividend yield. These strengths are partly offset by weak technical momentum and declining recent cash flow.

Positive Factors

Lower LeverageThe substantial reduction in debt-to-equity has made the capital structure materially healthier than during 2020–2022. Lower leverage should reduce financial strain, preserve borrowing capacity, and give Lion Travel greater flexibility to fund operations and respond to changing travel demand.

Negative Factors

Slowing Revenue GrowthThe deceleration from the sharp 2023 rebound to low single-digit growth suggests that recovery momentum has moderated. Slower top-line expansion can limit operating leverage, make margin improvement harder to sustain, and leave future earnings more dependent on demand conditions and execution.

Lion Travel Service Co., Ltd. (2731) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 12.87B
Dividend Yield: 9.24%
Average Volume (3M): 260.58K
Price to Earnings (P/E): 9.5
Beta (1Y): 0.29
Revenue Growth: 10.02%
EPS Growth: -6.82%
Country: TW
Employees: 2,210
Sector: General
Sector Strength: 55
Industry: Travel Services

Lion Travel Service Co., Ltd. Business Overview & Revenue Model

Company Description

Lion Travel Service Co., Ltd., founded in 1977 and headquartered in Taipei, Taiwan, delivers a comprehensive array of travel solutions to clients both domestically and internationally. Its primary services include organized tour packages, transportat...

Lion Travel Service Co., Ltd. Financial Statement Overview

Summary

Strong financial recovery, low leverage, improved profitability, and positive free cash flow support the score. The main weaknesses are declining 2025 cash flow, fluctuating margins, and uncertainty around the sustainability of revenue growth.

Income Statement

82Very Positive

Balance Sheet

88Very Positive

Cash Flow

74Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	31.50B	30.03B	28.33B	21.51B	3.30B	1.76B
Gross Profit	4.98B	5.06B	3.95B	3.07B	586.44M	304.93M
EBITDA	1.93B	2.33B	1.43B	1.77B	-496.61M	-373.67M
Net Income	1.52B	1.63B	915.18M	1.39B	-728.49M	-487.42M
Balance Sheet
Total Assets	13.90B	12.52B	10.45B	9.47B	6.39B	5.40B
Cash, Cash Equivalents and Short-Term Investments	7.59B	7.03B	5.37B	3.81B	3.10B	3.08B
Total Debt	1.09B	1.00B	958.67M	1.10B	2.33B	2.49B
Total Liabilities	9.15B	7.29B	6.26B	5.65B	4.95B	3.77B
Stockholders Equity	4.46B	4.96B	4.07B	3.73B	1.26B	1.46B
Cash Flow
Free Cash Flow	1.38B	2.34B	2.48B	1.11B	172.30M	-437.89M
Operating Cash Flow	1.50B	2.47B	2.71B	1.28B	227.74M	-315.80M
Investing Cash Flow	-1.25B	-33.22M	-516.15M	-139.63M	-429.63M	-4.65M
Financing Cash Flow	-917.71M	-870.59M	-899.18M	-313.54M	245.36M	108.89M

Lion Travel Service Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:2731 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:2731	74Outperform	TWD 12.64B	9.46	―	9.24%	10.02%	-6.82%
TW:2617	70Outperform	TWD 12.58B	8.20	―	4.99%	16.08%	14.41%
TW:5609	70Outperform	TWD 11.17B	9.34	―	7.15%	15.14%	7.70%
TW:2608	61Neutral	TWD 12.96B	14.66	―	5.89%	22.67%	-5.65%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* General Sector Average

Performance Comparison

TW:2731 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:2731	Lion Travel Service Co., Ltd.	138.50	-21.63	-13.51%
TW:2608	Kerry TJ Logistics Co., Ltd.	28.00	-3.91	-12.24%
TW:2617	Taiwan Navigation Co., Ltd.	30.05	1.88	6.69%
TW:5609	Dimerco Express Corporation	78.30	3.18	4.23%

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

Lion Travel Service Co., Ltd. AI Stock Analysis