World Gym Corporation AI Stock Analysis
World Gym Corporation (2762) AI Stock Analysis
World Gym Corporation
(TWSE:2762)
World Gym earns a mid-range score. Its biggest strength is cash generation — NT$3.23bn of operating cash flow and NT$1.88bn of free cash flow alongside accelerating revenue and profit growth — complemented by a cheap 11.5x P/E and a very high ~12.5% dividend yield. These positives are tempered by a stretched balance sheet, with debt-to-equity near 3.9x on a small equity base and net margins of only ~3.7%, leaving little buffer if consumer demand or financing costs turn against the company. Technicals are currently weak, with the price below its 20-, 50- and 100-day averages and a negative MACD, though the stock remains above its 200-day average and is in oversold territory. Overall: an attractively valued, cash-rich operator held back by high leverage and soft near-term price trends.
World Gym Corporation (2762) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 8.39B
- Dividend Yield
- 12.57%
- Average Volume (3M)
- 60.95K
- Price to Earnings (P/E)
- 11.6
- Beta (1Y)
- 0.17
- Revenue Growth
- 11.32%
- EPS Growth
- 185.92%
- Country
- TW
- Employees
- 1,500
- Sector
- General
- Sector Strength
- 55
- Industry
- Leisure
World Gym Corporation Business Overview & Revenue Model
Company Description
World Gym Corporation primarily operates within the health, fitness, and recreational sports industry, encompassing sauna facilities, across both Taiwan and the United States. Its activities extend to overseeing leisure sports and fitness centers and...
World Gym Corporation Financial Statement Overview
Summary
World Gym pairs strong cash generation with a highly leveraged balance sheet. Revenue grew roughly 12% to NT$10.98bn with net income up about 16% to NT$409m, and operating cash flow of NT$3.23bn (up ~19%) translated into NT$1.88bn of free cash flow — a clear strength (Cash Flow 78, Income Statement 64). Offsetting this, the balance sheet scores just 40: debt of NT$11.17bn against only NT$2.89bn of equity gives a ~3.9x debt-to-equity ratio and equity of just ~15% of assets, leaving a thin cushion. Net margins near 3.7% and capital spending absorbing over 40% of operating cash flow further limit the margin for error.
Income Statement
64PositiveBalance Sheet
40NegativeCash Flow
78Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.46B | 10.98B | 9.82B | 9.43B | 8.86B | 7.83B |
| Gross Profit | 2.31B | 1.90B | 1.59B | 1.55B | 1.43B | 1.03B |
| EBITDA | 2.85B | 3.00B | 2.94B | 2.81B | 2.71B | 2.25B |
| Net Income | 718.54M | 409.08M | 351.80M | 349.53M | 303.81M | 31.91M |
Balance Sheet | ||||||
| Total Assets | 18.24B | 18.74B | 17.35B | 16.88B | 17.61B | 17.92B |
| Cash, Cash Equivalents and Short-Term Investments | 1.39B | 1.66B | 1.17B | 1.06B | 1.65B | 1.90B |
| Total Debt | 10.54B | 11.17B | 9.74B | 10.29B | 10.52B | 10.24B |
| Total Liabilities | 15.55B | 15.84B | 14.22B | 14.55B | 15.02B | 15.02B |
| Stockholders Equity | 2.69B | 2.89B | 3.13B | 2.33B | 2.59B | 2.90B |
Cash Flow | ||||||
| Free Cash Flow | 2.49B | 1.88B | 1.37B | 1.51B | 1.45B | 972.65M |
| Operating Cash Flow | 3.50B | 3.23B | 2.71B | 2.38B | 2.49B | 2.11B |
| Investing Cash Flow | -1.06B | -1.42B | -1.59B | -639.55M | -1.53B | -1.15B |
| Financing Cash Flow | -2.51B | -1.37B | -972.69M | -2.10B | -1.51B | -639.41M |
World Gym Corporation Peers Comparison
Overall Rating
TW:126470Outperform- TW:276262Neutral
TW:646956Neutral
TW:170243Neutral
TW:291341Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:1264 | 70Outperform | TWD 8.93B | 11.02 | ― | 6.22% | 3.48% | 5.90% |
| TW:2762 | 62Neutral | TWD 8.50B | 11.56 | ― | 12.57% | 11.32% | 185.92% |
| TW:6469 | 56Neutral | TWD 9.20B | 16.59 | ― | 5.49% | 4.00% | -25.06% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:1702 | 43Neutral | TWD 7.65B | 168.06 | ― | 5.29% | -0.31% | -90.22% |
| TW:2913 | 41Neutral | TWD 8.02B | -59.20 | ― | ― | -10.64% | 1.99% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:2762 | World Gym Corporation | 76.00 | 7.50 | 10.95% | |
| TW:1264 | Tehmag Foods Corp. | 241.00 | -32.03 | -11.73% | |
| TW:1702 | Namchow Holdings Co., Ltd. | 30.25 | -7.23 | -19.30% | |
| TW:2913 | Taiwan Tea Corporation | 10.10 | -4.00 | -28.37% | |
| TW:6469 | Great Tree Pharmacy Co., Ltd. | 57.50 | -36.61 | -38.90% | |
| TW:8359 | Cashbox Partyworld Co., Ltd. | 54.10 | -9.13 | -14.43% |
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