H.H. Galaxy Co., Ltd. AI Stock Analysis
H.H. Galaxy Co., Ltd. (2949) AI Stock Analysis
H.H. Galaxy Co., Ltd.
(TPEx:2949)
H.H. Galaxy scores in the middle of the range. Strong revenue growth and a notably improved balance sheet are offset by razor-thin margins, eroding operating profitability, falling returns on equity, and an inconsistent cash flow record that only turned positive this past year. Technicals are neutral, with the price trading below most short- and medium-term moving averages and momentum indicators sitting mid-range. Valuation is the relative bright spot — a moderate 19x P/E alongside a 3.27% dividend yield — but the investment case ultimately depends on management converting its expanding revenue base into durable margins and more reliable cash generation.
H.H. Galaxy Co., Ltd. (2949) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 1.91B
- Dividend Yield
- 3.17%
- Average Volume (3M)
- 5,813
- Price to Earnings (P/E)
- 17.8
- Beta (1Y)
- 0.12
- Revenue Growth
- 21.77%
- EPS Growth
- 19.24%
- Country
- TW
- Employees
- 170
- Sector
- General
- Sector Strength
- 55
- Industry
- Software - Application
H.H. Galaxy Co., Ltd. Business Overview & Revenue Model
Company Description
H.H.Galaxy Co., Ltd. specializes in providing a full spectrum of e-commerce operational services. The company's core offerings include managing online platforms and digital storefronts, overseeing platform distribution logistics, and crafting EDM (El...
H.H. Galaxy Co., Ltd. Financial Statement Overview
Summary
Revenue has more than doubled since 2020, with growth accelerating to roughly 21% in the latest year, and the balance sheet has strengthened materially — equity up to NT$1.09 billion and debt-to-equity down to 0.52 from 1.22 in 2021. However, profitability is thin and deteriorating: gross margin of 11.6%, net margin of 1.9%, and operating margin compressed from 4.9% in 2023 to 2.4%, with net income still below its 2023 peak. Return on equity has slipped to 10.0% from 27% in 2021. Cash flow is the weakest element — operating cash flow rebounded to NT$78 million this year, but was negative in two of the prior three years, pointing to heavy working-capital absorption as revenue scales.
Income Statement
61PositiveBalance Sheet
63PositiveCash Flow
46Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.32B | 5.73B | 4.73B | 4.34B | 4.05B | 2.63B |
| Gross Profit | 723.64M | 666.83M | 480.35M | 509.81M | 450.90M | 298.46M |
| EBITDA | 166.80M | 165.11M | 154.77M | 235.61M | 217.36M | 118.66M |
| Net Income | 108.60M | 109.42M | 84.82M | 139.16M | 128.41M | 73.95M |
Balance Sheet | ||||||
| Total Assets | 3.19B | 2.69B | 2.57B | 2.29B | 1.81B | 993.21M |
| Cash, Cash Equivalents and Short-Term Investments | 583.51M | 567.22M | 587.43M | 439.85M | 475.39M | 357.32M |
| Total Debt | 774.37M | 566.82M | 597.22M | 371.36M | 357.94M | 328.11M |
| Total Liabilities | 1.99B | 1.47B | 1.43B | 1.14B | 1.05B | 723.61M |
| Stockholders Equity | 1.06B | 1.09B | 1.01B | 1.02B | 637.77M | 269.60M |
Cash Flow | ||||||
| Free Cash Flow | -69.16M | 70.58M | -93.34M | -66.21M | 17.94M | -31.36M |
| Operating Cash Flow | -65.02M | 78.22M | -85.47M | -62.06M | 24.73M | -22.30M |
| Investing Cash Flow | -2.55M | -9.01M | -49.09M | 132.51M | -215.02M | -77.59M |
| Financing Cash Flow | 267.28M | -86.56M | 80.08M | 249.48M | 102.78M | 262.31M |
H.H. Galaxy Co., Ltd. Peers Comparison
Overall Rating
TW:243266Neutral
TW:696866Neutral
TW:293757Neutral- TW:294956Neutral
TW:355733Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:2432 | 66Neutral | TWD 1.70B | 10.70 | ― | 6.18% | 57.95% | 51.30% |
| TW:6968 | 66Neutral | TWD 1.89B | 14.71 | ― | 3.47% | 14.75% | 11.14% |
| TW:2937 | 57Neutral | TWD 2.06B | 10.51 | ― | 4.03% | 12.09% | 10.86% |
| TW:2949 | 56Neutral | TWD 1.96B | 17.78 | ― | 3.17% | 21.77% | 19.24% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:3557 | 33Underperform | TWD 1.88B | -44.50 | ― | 1.35% | -23.17% | -115.06% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:2949 | H.H. Galaxy Co., Ltd. | 64.00 | -3.98 | -5.85% | |
| TW:2432 | Acer Gadget Inc | 27.50 | 0.94 | 3.55% | |
| TW:2937 | Gseven Co., Ltd. | 43.05 | 4.52 | 11.72% | |
| TW:2942 | Jing-Jan Retail Business Co., Ltd. | 34.80 | 6.06 | 21.11% | |
| TW:3557 | Jia Wei Lifestyle, Inc. Class A | 22.30 | -14.72 | -39.77% | |
| TW:6968 | Wonder Pets Enterprises Corp. | 37.50 | -16.35 | -30.36% |
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