TOPBI International Holdings Limited AI Stock Analysis
TOPBI International Holdings Limited (2929) AI Stock Analysis
TOPBI International Holdings Limited
(TWSE:2929)
TOPBI scores low primarily because of deteriorating fundamentals: multi-year revenue decline, a sharp halving of gross margin, a swing back to a net loss, and negative operating and free cash flow. The debt-free balance sheet with equity funding about 72% of assets is a genuine strength and provides staying power, but equity is being eroded by recurring losses rather than compounded. Technicals reinforce the caution, with the shares trading below all major moving averages and MACD negative. Valuation offers little support given negative earnings and no dividend. The score reflects a company with financial resilience but no current evidence of an operating turnaround.
TOPBI International Holdings Limited (2929) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 629.59M
- Dividend Yield
- ―
- Average Volume (3M)
- 144.68K
- Price to Earnings (P/E)
- -2.6
- Beta (1Y)
- 0.28
- Revenue Growth
- -15.89%
- EPS Growth
- -1071.95%
- Country
- TW
- Employees
- 191
- Sector
- General
- Sector Strength
- 55
- Industry
- Apparel - Manufacturers
TOPBI International Holdings Limited Business Overview & Revenue Model
Company Description
TOPBI International Holdings Limited specializes in the design, production, and retail of its proprietary brand of children's apparel and accessories, serving youngsters between the ages of one and sixteen. The company operates a retail network spann...
TOPBI International Holdings Limited Financial Statement Overview
Summary
Operating fundamentals are weak. Revenue fell roughly 17% to NT$1.75 billion — the fifth decline in six years — while gross margin was nearly halved to 8.6% and the company swung to a net loss of NT$183.3 million (-10.5% net margin). Operating cash flow also reversed to an outflow of NT$96.7 million, with free cash flow negative and cash generation weak in five of the last six years. The offset is a debt-free balance sheet with equity funding about 72% of assets, providing real staying power, though cumulative losses continue to erode that cushion (ROE -6.7%).
Income Statement
20Very NegativeBalance Sheet
68PositiveCash Flow
24Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.75B | 1.75B | 2.12B | 2.39B | 2.55B | 2.96B |
| Gross Profit | 133.26M | 149.99M | 350.21M | 392.32M | 292.88M | -220.71M |
| EBITDA | -264.68M | -183.99M | 24.38M | -6.85M | 183.99M | -635.89M |
| Net Income | -243.56M | -183.29M | 14.80M | -68.21M | 132.77M | -700.82M |
Balance Sheet | ||||||
| Total Assets | 3.52B | 3.79B | 4.01B | 4.07B | 4.38B | 4.14B |
| Cash, Cash Equivalents and Short-Term Investments | 2.44B | 2.57B | 2.66B | 2.58B | 2.81B | 2.16B |
| Total Debt | 0 | 0 | 0 | 108.73M | 310.59M | 12.58M |
| Total Liabilities | 740.47M | 1.05B | 1.10B | 1.27B | 1.46B | 1.39B |
| Stockholders Equity | 2.78B | 2.74B | 2.91B | 2.80B | 2.92B | 2.75B |
Cash Flow | ||||||
| Free Cash Flow | -467.13M | -96.73M | 76.09M | 991.00K | -108.13M | -1.30B |
| Operating Cash Flow | -467.13M | -96.73M | 80.42M | 1.04M | -107.54M | -1.30B |
| Investing Cash Flow | 15.25M | -874.65M | 911.12M | 26.67M | 416.50M | 91.45M |
| Financing Cash Flow | 9.01M | 9.36M | -120.11M | -193.66M | 296.11M | -386.58M |
TOPBI International Holdings Limited Peers Comparison
Overall Rating
TW:441355Neutral
TW:291141Neutral- TW:292939Underperform
TW:144138Underperform
TW:440632Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:4413 | 55Neutral | TWD 584.02M | 14.57 | ― | 1.67% | 44.06% | ― |
| TW:2911 | 41Neutral | TWD 556.12M | 1.35 | ― | ― | -23.53% | ― |
| TW:2929 | 39Underperform | TWD 629.94M | -2.56 | ― | ― | -15.89% | -1071.95% |
| TW:1441 | 38Underperform | TWD 542.12M | -4.37 | ― | ― | -23.44% | -226.14% |
| TW:4406 | 32Underperform | TWD 519.12M | -12.99 | ― | ― | -41.59% | 33.73% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:2929 | TOPBI International Holdings Limited | 5.71 | -2.74 | -32.43% | |
| TW:1441 | Tah Tong Textile Co., Ltd. | 8.70 | -3.84 | -30.64% | |
| TW:2911 | Les Enphants Co. Ltd. | 5.39 | 0.61 | 12.79% | |
| TW:2940 | Sun Own Industrial Co., Ltd. | 23.95 | -0.44 | -1.78% | |
| TW:4406 | Hsin Sin Textile Co., Ltd. | 10.00 | 0.19 | 1.94% | |
| TW:4413 | EST GLOBAL APPAREL Co., Ltd. | 18.00 | -0.62 | -3.31% |
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