Shin Shin Co. Ltd. AI Stock Analysis
Shin Shin Co. Ltd. (2901) AI Stock Analysis
Shin Shin Co. Ltd.
(TWSE:2901)
Shin Shin scores moderately well, anchored by an exceptionally conservative balance sheet and reliable free cash flow that comfortably exceeds minimal capital needs, giving the company strong downside protection. Supporting the score, the stock trades above all key moving averages with positive MACD and mid-range RSI, indicating a steady uptrend in a very low-beta name. The main drags are an expensive P/E of 57.3 against flat revenue and falling earnings, meaningful gross and operating margin compression, and a low ~3.1% return on equity that reflects poor asset utilization. The modest 1.49% dividend yield only partly offsets the valuation risk, leaving a safe but richly priced, low-growth investment case.
Shin Shin Co. Ltd. (2901) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 1.83B
- Dividend Yield
- 1.52%
- Average Volume (3M)
- 51.80K
- Price to Earnings (P/E)
- 55.9
- Beta (1Y)
- 0.10
- Revenue Growth
- 1.66%
- EPS Growth
- 24.15%
- Country
- TW
- Employees
- 33
- Sector
- General
- Sector Strength
- 55
- Industry
- Department Stores
Shin Shin Co. Ltd. Business Overview & Revenue Model
Company Description
Shin Shin Co Ltd. manages a network of department stores and subterranean shopping districts across Taiwan. These retail locations offer a diverse array of merchandise, encompassing fashion apparel, footwear, leather goods, and accessories for men an...
Shin Shin Co. Ltd. Financial Statement Overview
Summary
Shin Shin combines a fortress balance sheet (83) and strong cash generation (80) with a softer earnings profile (64). Equity funds roughly 82% of assets, debt-to-equity is just 0.08, and free cash flow rose ~45% to NT$51.6M, covering about 97% of net income. Offsetting this, fiscal 2025 revenue slipped to NT$130.7M, gross margin compressed roughly 10 points to 75.9%, operating profit fell to NT$21.2M, net income declined ~7%, and return on equity is only ~3.1%, pointing to an under-utilized capital base. The result is a financially very safe but low-growth, low-return profile.
Income Statement
64PositiveBalance Sheet
83Very PositiveCash Flow
80Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 133.14M | 130.75M | 133.63M | 133.32M | 113.31M | 92.86M |
| Gross Profit | 102.64M | 99.21M | 114.72M | 112.32M | 92.10M | 75.00M |
| EBITDA | 46.24M | 54.13M | 59.46M | 58.18M | 44.24M | 26.91M |
| Net Income | 32.14M | 27.75M | 29.89M | 29.62M | 16.75M | 4.88M |
Balance Sheet | ||||||
| Total Assets | 1.10B | 1.08B | 1.01B | 1.01B | 994.00M | 980.15M |
| Cash, Cash Equivalents and Short-Term Investments | 509.77M | 483.05M | 465.07M | 452.43M | 420.79M | 399.20M |
| Total Debt | 69.85M | 71.90M | 2.48M | 5.52M | 8.52M | 10.58M |
| Total Liabilities | 225.25M | 196.05M | 124.81M | 132.43M | 127.62M | 125.56M |
| Stockholders Equity | 873.04M | 884.32M | 883.73M | 880.35M | 866.38M | 854.60M |
Cash Flow | ||||||
| Free Cash Flow | 63.37M | 51.57M | 35.67M | 44.94M | 40.09M | 6.35M |
| Operating Cash Flow | 67.79M | 53.41M | 42.25M | 48.29M | 44.01M | 16.53M |
| Investing Cash Flow | 3.06M | 2.96M | 168.00K | 1.63M | -14.21M | -7.43M |
| Financing Cash Flow | -31.10M | -30.50M | -29.38M | -18.43M | -7.60M | -15.49M |
Shin Shin Co. Ltd. Peers Comparison
Overall Rating
- TW:290168Neutral
TW:274354Neutral
TW:270247Neutral
TW:590538Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:2901 | 68Neutral | TWD 1.80B | 55.91 | ― | 1.52% | 1.66% | 24.15% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:2743 | 54Neutral | TWD 1.93B | 11.28 | ― | 7.77% | 2.46% | 1.89% |
| TW:2702 | 47Neutral | TWD 1.83B | 17.46 | ― | ― | 7.84% | ― |
| TW:5905 | 38Underperform | TWD 1.77B | -25.98 | ― | ― | 162.96% | 63.44% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:2901 | Shin Shin Co. Ltd. | 24.60 | -0.00 | -0.01% | |
| TW:2702 | Hotel Holiday Garden | 11.70 | 0.10 | 0.86% | |
| TW:2743 | Richmond International Travel & Tours Co Ltd | 41.20 | -42.33 | -50.68% | |
| TW:2942 | Jing-Jan Retail Business Co., Ltd. | 34.80 | 6.06 | 21.11% | |
| TW:5905 | Nan Ren Lake Leisure Amusement Co. Ltd. | 6.29 | -3.54 | -36.01% | |
| TW:7705 | Mercuries F&B Co Ltd | 28.20 | -10.76 | -27.61% |
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