Taiwan Benefit Co. (3379) AI Stock Analysis

Taiwan Benefit Co.

(TPEx:3379)

Select Model

Rating:68Neutral

Price Target:TWD 33.00▲(0.00% Upside)

Action:initiatedcoverage

Date:11/10/26

The company's financial foundation is solid, marked by a strong operational turnaround and a conservative balance sheet, which are the primary drivers of the score. However, the overall rating is constrained by a high P/E ratio and a long-term bearish technical trend, with the stock trading well below its 200-day moving average. The significant decline in free cash flow and compressing margins are key risks that temper the positive financial performance.

Positive Factors

Revenue and Profit TurnaroundThe sharp 2025 revenue acceleration alongside two years of positive earnings indicates a meaningful operating recovery rather than an isolated quarterly improvement. If growth and roughly stable net margins persist, the company should have a stronger base for reinvestment and sustained profitability over the next several quarters.

Negative Factors

Gross Margin CompressionThe substantial gross-margin decline shows that strong revenue growth did not fully translate into stronger unit economics. If the lower margin persists, it could constrain operating leverage, reduce the benefit of additional sales, and make future earnings more sensitive to costs or pricing conditions.

Taiwan Benefit Co. (3379) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 1.38B
Dividend Yield: 3.64%
Average Volume (3M): 563.12K
Price to Earnings (P/E): 35.3
Beta (1Y): 0.72
Revenue Growth: -0.51%
EPS Growth: -47.53%
Country: TW
Employees: 80
Sector: General
Sector Strength: 55
Industry: Industrial - Machinery

Taiwan Benefit Co. Business Overview & Revenue Model

Company Description

Established in Taipei, Taiwan, in 1981, Taiwan Benefit Company operates across Taiwan, Europe, the United States, and Japan, focusing on equipment manufacturing, production system engineering, and agency services. The company supplies a comprehensive...

Taiwan Benefit Co. Financial Statement Overview

Summary

Strong revenue recovery and return to profitability, supported by a very healthy balance sheet with low leverage. However, declining gross margins and a sharp drop in free cash flow indicate pressure on earnings quality and sustainability.

Income Statement

72Positive

Balance Sheet

85Very Positive

Cash Flow

65Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.70B	1.98B	1.09B	601.39M	582.11M	715.07M
Gross Profit	237.21M	261.43M	195.53M	133.91M	114.65M	147.68M
EBITDA	50.90M	83.07M	56.59M	12.03M	-4.90M	31.93M
Net Income	38.76M	80.67M	41.47M	-4.56M	-20.87M	10.21M
Balance Sheet
Total Assets	1.18B	1.32B	1.61B	1.28B	939.66M	950.70M
Cash, Cash Equivalents and Short-Term Investments	271.25M	413.63M	340.32M	152.31M	124.30M	183.91M
Total Debt	16.82M	40.88M	35.11M	41.17M	68.04M	61.75M
Total Liabilities	572.57M	645.10M	984.30M	681.48M	476.47M	479.12M
Stockholders Equity	605.60M	679.79M	623.29M	600.90M	463.19M	471.58M
Cash Flow
Free Cash Flow	-56.91M	88.66M	194.92M	26.48M	-64.39M	81.11M
Operating Cash Flow	-52.57M	96.88M	198.82M	28.66M	-62.96M	82.25M
Investing Cash Flow	-105.94M	-146.54M	12.60M	22.74M	644.00K	3.85M
Financing Cash Flow	-34.11M	-35.35M	-27.60M	-30.83M	1.06M	-8.55M

Taiwan Benefit Co. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:3379 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:3379	68Neutral	TWD 1.14B	35.29	―	3.64%	-0.51%	-47.53%
TW:4584	61Neutral	TWD 1.07B	20.88	―	5.60%	-16.79%	-50.73%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:2063	53Neutral	TWD 1.16B	12.32	―	2.24%	-11.29%	-12.54%
TW:8928	46Neutral	TWD 1.04B	8.19	―	3.89%	-12.55%	122.09%
TW:4528	45Neutral	TWD 1.18B	-20.48	―	1.46%	-3.33%	-515.57%

* General Sector Average

Performance Comparison

TW:3379 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:3379	Taiwan Benefit Co.	33.00	-20.07	-37.82%
TW:2063	Sheh Kai Precision Co., Ltd.	22.30	-0.40	-1.78%
TW:4528	Chian Hsing Forging Industrial Co., Ltd.	13.70	-3.25	-19.17%
TW:4584	Jufan Industrial Co., Ltd.	35.70	-11.88	-24.96%
TW:4587	LNC Technology Co., Ltd.	31.00	9.15	41.88%
TW:8928	Dynamic Precision Industry Corp.	20.55	-5.54	-21.25%

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

Taiwan Benefit Co. AI Stock Analysis