Taiwan Tea Corporation AI Stock Analysis
Taiwan Tea Corporation (2913) AI Stock Analysis
Taiwan Tea Corporation
(TWSE:2913)
Taiwan Tea scores low primarily because it remains unprofitable, with negative operating income, a -24.6% net margin and a return to negative free cash flow in 2025, meaning the business is not yet self-funding. Offsetting this is a conservative, asset-rich balance sheet — 58% equity funded with debt-to-equity of just 0.42 — plus steady revenue growth and sharply narrowing losses, which support a gradual turnaround thesis. Technicals add to the caution: the price trades below all key moving averages with a negative MACD, though oversold RSI and Stochastic readings hint at scope for a short-term bounce. Valuation offers little support given the negative P/E and absence of a dividend. This is best viewed as a balance-sheet-backed recovery story that has not yet reached sustained profitability.
Taiwan Tea Corporation (2913) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 8.02B
- Dividend Yield
- ―
- Average Volume (3M)
- 1.44M
- Price to Earnings (P/E)
- -60.7
- Beta (1Y)
- 0.36
- Revenue Growth
- -10.64%
- EPS Growth
- 1.99%
- Country
- TW
- Employees
- 205
- Sector
- General
- Sector Strength
- 55
- Industry
- Agricultural Farm Products
Taiwan Tea Corporation Business Overview & Revenue Model
Company Description
Taiwan Tea Corporation, established in 1899 and headquartered in Taipei, Taiwan, primarily focuses on the tea industry within the country. Its operations span the entire tea production process, from planting and cultivating tea leaves to manufacturin...
Taiwan Tea Corporation Financial Statement Overview
Summary
Mixed but improving. Revenue has grown steadily to NT$472.7 million (+9% in the latest year) with healthy gross margins near 35%, and losses have narrowed sharply from NT$1.64 billion in 2022 to NT$116.2 million in 2025, with EBITDA now positive at NT$80.9 million. However, the company remains unprofitable at both the operating (-4.1% margin) and net (-24.6% margin) line, and operating cash flow swung back to -NT$87.1 million with free cash flow at -NT$90.9 million. The balance sheet is the clear strength: NT$12.4 billion of equity funds roughly 58% of assets and debt-to-equity is a moderate 0.42, though accumulated losses have eroded book value from NT$15.8 billion in 2020.
Income Statement
31NegativeBalance Sheet
66PositiveCash Flow
27Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 440.80M | 472.65M | 433.11M | 379.51M | 377.00M | 369.20M |
| Gross Profit | 152.27M | 164.93M | 161.99M | 138.05M | 164.91M | 117.51M |
| EBITDA | 82.78M | 80.89M | 53.23M | -73.19M | -1.38B | -941.25M |
| Net Income | -136.01M | -116.17M | -175.09M | -287.47M | -1.64B | -1.12B |
Balance Sheet | ||||||
| Total Assets | 21.28B | 21.33B | 21.38B | 21.58B | 21.85B | 24.25B |
| Cash, Cash Equivalents and Short-Term Investments | 67.53M | 73.31M | 54.76M | 151.29M | 239.38M | 215.17M |
| Total Debt | 5.28B | 5.21B | 5.10B | 5.19B | 5.55B | 6.29B |
| Total Liabilities | 8.94B | 8.92B | 8.85B | 8.87B | 8.86B | 9.57B |
| Stockholders Equity | 12.34B | 12.42B | 12.53B | 12.71B | 12.99B | 14.68B |
Cash Flow | ||||||
| Free Cash Flow | -59.19M | -90.92M | 89.46M | -69.54M | -272.68M | -446.25M |
| Operating Cash Flow | -55.27M | -87.15M | 138.82M | -43.92M | -81.61M | -141.07M |
| Investing Cash Flow | 5.46M | -11.60M | -17.56M | 38.14M | 924.46M | -74.17M |
| Financing Cash Flow | 73.12M | 109.04M | -217.80M | -82.30M | -818.63M | 254.32M |
Taiwan Tea Corporation Peers Comparison
Overall Rating
TW:126876Outperform
TW:126470Outperform
TW:170243Neutral
TW:441942Neutral- TW:291341Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:1268 | 76Outperform | TWD 7.09B | 12.94 | ― | 4.71% | 15.59% | 36.03% |
| TW:1264 | 70Outperform | TWD 8.70B | 11.41 | ― | 6.38% | 3.48% | 5.90% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:1702 | 43Neutral | TWD 7.73B | 47.05 | ― | 5.14% | -3.49% | -70.30% |
| TW:4419 | 42Neutral | TWD 7.78B | -32.75 | ― | ― | 3.46% | 7.51% |
| TW:2913 | 41Neutral | TWD 8.18B | -60.67 | ― | ― | -10.64% | 1.99% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:2913 | Taiwan Tea Corporation | 10.35 | -3.95 | -27.62% | |
| TW:1264 | Tehmag Foods Corp. | 235.00 | -38.50 | -14.08% | |
| TW:1268 | Hi-Lai Foods Co., Ltd. | 170.00 | 18.47 | 12.19% | |
| TW:1702 | Namchow Holdings Co., Ltd. | 31.15 | -6.57 | -17.42% | |
| TW:4419 | King House Co., Ltd. | 46.00 | 2.20 | 5.02% | |
| TW:8359 | Cashbox Partyworld Co., Ltd. | 53.70 | -9.43 | -14.94% |
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