Collins Co., Ltd. (2906) AI Stock Analysis

Collins Co., Ltd.

(TWSE:2906)

Select Model

Rating:52Neutral

Price Target:TWD 13.00▲(2.36% Upside)

Action:initiatedcoverage

Date:11/09/26

The overall stock score of 52 is driven primarily by weak financial performance from margin compression and higher leverage, along with bearish technical momentum. Attractive valuation from the dividend yield and moderate P/E provides a partial offset.

Positive Factors

2025 Revenue ReboundStrong 2025 revenue growth shows the company can regain top-line momentum after a flat 2024 and decline in 2023. If sustained, broader sales scale can support operating leverage and provide a foundation for rebuilding earnings, even though recent margin performance remains weak.

Negative Factors

Material Margin CompressionThe sharp decline in net and EBIT margins indicates that revenue growth is not translating efficiently into earnings. Persistent operating-cost or pricing pressure could limit profit recovery, reduce resilience during weaker demand, and constrain internally funded growth over coming quarters.

Collins Co., Ltd. (2906) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 2.68B
Dividend Yield: 4.72%
Average Volume (3M): 152.83K
Price to Earnings (P/E): 15.3
Beta (1Y): 0.18
Revenue Growth: 1.13%
EPS Growth: 81.63%
Country: TW
Employees: 73,744
Sector: General
Sector Strength: 55
Industry: Industrial - Distribution

Collins Co., Ltd. Business Overview & Revenue Model

Company Description

Collins Co., Ltd. engages in the export of household consumer and apparel products in Taiwan, the United States, Canada, and internationally. The company operates through Trading Business Department, Fashion Life Business Department, Kidney Dialysis...

Collins Co., Ltd. Financial Statement Overview

Summary

Eroding profitability with net margins near 1.1% and sharply lower net income, combined with rising leverage above 1.4 debt-to-equity and ROE under 3%, increase financial risk despite improved cash flow.

Income Statement

42Neutral

Balance Sheet

30Negative

Cash Flow

68Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	8.90B	8.88B	8.87B	8.00B	8.95B	8.25B
Gross Profit	2.60B	2.62B	2.60B	2.39B	2.28B	1.93B
EBITDA	745.45M	860.01M	1.07B	967.40M	956.88M	835.95M
Net Income	173.03M	98.66M	108.05M	118.78M	375.15M	302.54M
Balance Sheet
Total Assets	13.24B	13.10B	12.96B	11.43B	10.61B	10.27B
Cash, Cash Equivalents and Short-Term Investments	1.40B	1.35B	1.23B	1.03B	1.05B	943.23M
Total Debt	4.80B	4.73B	4.36B	3.29B	3.14B	2.89B
Total Liabilities	6.74B	6.54B	6.18B	4.92B	4.77B	4.55B
Stockholders Equity	3.41B	3.32B	3.47B	3.28B	3.10B	3.06B
Cash Flow
Free Cash Flow	302.89M	487.62M	-39.43M	61.93M	221.50M	-461.19M
Operating Cash Flow	538.52M	754.90M	625.48M	563.79M	989.33M	-76.26M
Investing Cash Flow	-374.38M	-344.68M	-1.12B	-491.48M	-911.50M	-465.36M
Financing Cash Flow	-290.47M	-234.30M	418.60M	90.65M	-50.50M	477.21M

Collins Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:2906 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:2916	73Outperform	TWD 2.57B	9.90	―	9.14%	0.95%	-8.03%
TW:1435	55Neutral	TWD 2.74B	-25.03	―	―	-24.87%	-105.68%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:2906	52Neutral	TWD 2.70B	15.33	―	4.72%	1.13%	81.63%
TW:1463	50Neutral	TWD 2.81B	-21.13	―	0.74%	-81.10%	-120.98%
TW:1473	50Neutral	TWD 2.45B	717.95	―	2.98%	-12.48%	-98.35%
TW:6504	41Neutral	TWD 2.58B	-547.06	―	2.69%	-1.43%	92.88%

* General Sector Average

Performance Comparison

TW:2906 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:2906	Collins Co., Ltd.	12.70	-0.23	-1.74%
TW:1435	Chung Fu Tex-International Corp.	19.00	-6.85	-26.50%
TW:1463	CS Group Investment Holding Limited	17.10	-1.42	-7.65%
TW:1473	Tainan Enterprises Co., Ltd.	16.80	-7.99	-32.24%
TW:2916	Munsin Garment Corporation	39.40	-6.44	-14.04%
TW:6504	Nan Liu Enterprise Co., Ltd	37.20	-5.88	-13.65%

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

Collins Co., Ltd. AI Stock Analysis