Mister International Enterprise Corp. (2941) AI Stock Analysis

Mister International Enterprise Corp.

(TPEx:2941)

Select Model

Rating:62Neutral

Price Target:TWD 29.00▲(11.54% Upside)

Action:initiatedcoverage

Date:11/09/26

Mister International earns a moderate score. The dominant driver is its financial profile: outstanding revenue growth and an expanding 64% gross margin are offset by two straight years of shrinking operating and net profit, with net margin down to 3.9% and ROE falling to 10.1% — the company is buying growth at a rising cost. A conservative balance sheet and a strong 2025 cash flow rebound provide stability. Technicals are the key near-term risk, with the share price below all major moving averages and negative MACD momentum, though deeply oversold readings suggest downside may be stretched. Valuation partially offsets this: an 11.1x P/E and an 8.26% dividend yield offer attractive income and a margin of safety, provided earnings stabilise enough to support the payout.

Positive Factors

Multi-year revenue growthRevenue expansion across 2020–2025, including a solid 2025 pickup, indicates the store and product platform has continued to grow over multiple years. A durable top-line trajectory can broaden operating scale, support reinvestment, and strengthen the company’s position in foodservice.

Negative Factors

Recent profitability compressionNet margin fell to about 3.9% in 2025 as operating profitability compressed versus prior years. This deterioration reduces the amount of revenue converted into earnings, weakens near-term earnings power, and could limit internally funded reinvestment until margins stabilize.

Mister International Enterprise Corp. (2941) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 403.99M
Dividend Yield: 8.77%
Average Volume (3M): 4,526
Price to Earnings (P/E): 11.1
Beta (1Y): 0.15
Revenue Growth: 3.67%
EPS Growth: -18.16%
Country: TW
Employees: 383
Sector: General
Sector Strength: 55
Industry: Apparel - Footwear & Accessories

Mister International Enterprise Corp. Business Overview & Revenue Model

Company Description

Mister International Enterprise Corp. designs, develops, retails, and wholesale of ready-made clothing, footwear, and related peripheral accessories in Taiwan. It operates through online channels and physical stores. Mister International Enterprise C...

Mister International Enterprise Corp. Financial Statement Overview

Summary

Mixed picture. Revenue growth is exceptional — up 33.1% in the latest year and more than tripled over five years to NT$927 million — with gross margin widening to roughly 64%, signalling genuine brand strength and pricing power. However, profitability is deteriorating: operating profit fell from NT$73.6 million (2023) to NT$43.3 million (2025) and net income from NT$58.2 million to NT$36.2 million, compressing net margin to 3.9% and ROE to 10.1% from 23.4% in 2023. The balance sheet is sound (debt-to-equity 0.34, equity funding ~55% of assets), and cash flow rebounded sharply in 2025 with operating cash flow of NT$130.2 million (3.6x net income) and free cash flow recovering to NT$63.0 million, though free cash flow has been volatile and capex-heavy. Growth is impressive but increasingly expensive.

Income Statement

58Neutral

Balance Sheet

70Positive

Cash Flow

72Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	923.81M	927.15M	822.63M	743.48M	506.21M	362.87M
Gross Profit	546.17M	590.68M	525.00M	451.96M	311.83M	202.59M
EBITDA	135.29M	134.81M	122.47M	120.83M	81.55M	50.47M
Net Income	36.12M	36.23M	49.90M	58.17M	43.19M	37.01M
Balance Sheet
Total Assets	745.12M	649.22M	631.99M	446.44M	378.89M	301.21M
Cash, Cash Equivalents and Short-Term Investments	111.33M	147.53M	187.14M	145.11M	125.71M	108.74M
Total Debt	262.46M	123.51M	100.81M	67.54M	55.23M	45.33M
Total Liabilities	399.12M	289.17M	258.76M	197.56M	146.17M	111.62M
Stockholders Equity	346.00M	360.05M	373.23M	248.88M	232.72M	189.60M
Cash Flow
Free Cash Flow	-99.04M	63.03M	6.19M	90.92M	41.02M	32.54M
Operating Cash Flow	98.65M	130.16M	41.42M	113.92M	60.65M	39.05M
Investing Cash Flow	-193.66M	-44.34M	-89.32M	-24.99M	-21.18M	-905.00K
Financing Cash Flow	8.18M	-101.13M	38.43M	-72.42M	-22.50M	20.10M

Mister International Enterprise Corp. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:2941 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:2941	62Neutral	TWD 400.14M	11.06	―	8.77%	3.67%	-18.16%
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:2938	48Neutral	TWD 397.42M	11.88	―	3.53%	―	―
TW:2911	41Neutral	TWD 556.12M	1.35	―	―	-23.53%	―
TW:2929	39Underperform	TWD 629.94M	-2.56	―	―	-15.89%	-1071.95%

* General Sector Average

Performance Comparison

TW:2941 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:2941	Mister International Enterprise Corp.	26.00	-16.54	-38.88%
TW:2911	Les Enphants Co. Ltd.	5.39	0.61	12.79%
TW:2929	TOPBI International Holdings Limited	5.71	-2.74	-32.43%
TW:2938	Bedding World Co., Ltd.	17.50	-7.41	-29.74%
TW:2940	Sun Own Industrial Co., Ltd.	23.95	-0.44	-1.78%
TW:4413	EST GLOBAL APPAREL Co., Ltd.	18.00	-0.62	-3.31%

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

Mister International Enterprise Corp. AI Stock Analysis