Tofu Restaurant Co., Ltd. AI Stock Analysis
Tofu Restaurant Co., Ltd. (2752) AI Stock Analysis
Tofu Restaurant Co., Ltd.
(TPEx:2752)
The score is anchored by solid fundamentals: steady revenue expansion, ~52% gross margins, a conservatively leveraged balance sheet and strong free cash flow generation with a high ~29% return on equity. Valuation reinforces the case, with a low P/E of 10.7 and a well-covered dividend yield near 7.8%. The main drags are two consecutive years of operating and net margin erosion that have stalled profit growth, and weak technical momentum — the stock sits below all key moving averages with a negative MACD. Low beta and cash-flow strength provide downside support, but a re-rating likely requires evidence that cost inflation is under control.
Tofu Restaurant Co., Ltd. (2752) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 4.67B
- Dividend Yield
- 7.50%
- Average Volume (3M)
- 8,506
- Price to Earnings (P/E)
- 11.0
- Beta (1Y)
- 0.10
- Revenue Growth
- 10.56%
- EPS Growth
- 9.86%
- Country
- TW
- Employees
- 3,000
- Sector
- General
- Sector Strength
- 55
- Industry
- Restaurants
Tofu Restaurant Co., Ltd. Business Overview & Revenue Model
Company Description
Established in 1997 and headquartered in Taipei, Taiwan, Tofu Restaurant Co., Ltd. operates a network of chain restaurants throughout the country. The company also participates in the food manufacturing industry.
Tofu Restaurant Co., Ltd. Financial Statement Overview
Summary
Tofu Restaurant combines strong multi-year revenue growth (NT$1.8bn in 2020 to NT$4.07bn in 2025) with stable gross margins near 52%, a conservative balance sheet (debt-to-equity ~0.43, equity funding 56% of assets) and excellent cash generation — operating cash flow of NT$745m and free cash flow of NT$651m, both well above net income. Return on equity remains outstanding at roughly 29%. The offsetting weakness is persistent margin compression: operating margin fell from 16.1% in 2023 to 12.3% in 2025 and net margin from 12.5% to 9.9%, leaving net income slightly lower year-over-year despite higher sales, while revenue growth has moderated to about 12%.
Income Statement
72PositiveBalance Sheet
76PositiveCash Flow
84Very Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.30B | 4.07B | 3.65B | 3.10B | 2.42B | 1.79B |
| Gross Profit | 2.11B | 2.11B | 1.90B | 1.65B | 1.26B | 897.36M |
| EBITDA | 780.61M | 822.42M | 794.36M | 702.73M | 502.38M | 357.50M |
| Net Income | 436.44M | 401.48M | 414.24M | 388.34M | 267.37M | 153.07M |
Balance Sheet | ||||||
| Total Assets | 2.31B | 2.46B | 2.39B | 2.12B | 1.89B | 1.62B |
| Cash, Cash Equivalents and Short-Term Investments | 796.56M | 945.12M | 871.69M | 1.00B | 881.63M | 770.51M |
| Total Debt | 593.71M | 595.43M | 590.15M | 449.04M | 407.63M | 362.19M |
| Total Liabilities | 1.05B | 1.06B | 1.02B | 922.41M | 826.79M | 737.02M |
| Stockholders Equity | 1.24B | 1.39B | 1.36B | 1.19B | 1.06B | 874.98M |
Cash Flow | ||||||
| Free Cash Flow | 674.30M | 650.78M | 416.79M | 509.38M | 336.06M | 221.65M |
| Operating Cash Flow | 800.87M | 745.41M | 594.69M | 599.20M | 435.89M | 402.67M |
| Investing Cash Flow | 113.23M | -47.87M | -292.92M | -170.32M | -125.47M | -261.14M |
| Financing Cash Flow | -577.97M | -578.62M | -503.81M | -391.78M | -203.76M | -198.33M |
Tofu Restaurant Co., Ltd. Peers Comparison
Overall Rating
- TW:275273Outperform
TW:270163Neutral
TW:890556Neutral
TW:121744Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:2752 | 73Outperform | TWD 4.80B | 11.04 | ― | 7.50% | 10.56% | 9.86% |
| TW:2701 | 63Neutral | TWD 4.57B | 17.22 | ― | 2.76% | -1.47% | 11.32% |
| TW:8905 | 56Neutral | TWD 4.11B | 41.88 | ― | 1.99% | 10.41% | -5.43% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:1217 | 44Neutral | TWD 4.61B | 14.35 | ― | 2.68% | -0.12% | 142.66% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:2752 | Tofu Restaurant Co., Ltd. | 180.00 | -13.82 | -7.13% | |
| TW:1217 | AGV Products Corp. | 9.33 | -0.62 | -6.25% | |
| TW:1271 | SunWay Biotech Co., Ltd. | 58.00 | -4.56 | -7.28% | |
| TW:2701 | Wanhwa Enterprise Company | 10.15 | -0.71 | -6.50% | |
| TW:7867 | Test Rite Retail Co., Ltd. | 42.60 | -6.10 | -12.52% | |
| TW:8905 | Eagle Cold Storage Enterprise Co., Ltd. | 35.60 | 5.28 | 17.41% |
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