Tai Twun Enterprise Co. Ltd. AI Stock Analysis
Tai Twun Enterprise Co. Ltd. (3432) AI Stock Analysis
Tai Twun Enterprise Co. Ltd.
(TWSE:3432)
Tai Twun scores poorly overall, driven primarily by weak financials: heavy cash burn of NT$122m from operations, persistent losses, and gross margins that have halved even as revenue tripled, signalling growth is being bought at unprofitable prices. A low-debt balance sheet with equity funding ~85% of assets provides some breathing room, but equity has eroded sharply since 2021 and new borrowings suggest funding needs ahead. Technicals reinforce the caution, with the price below all key moving averages and negative MACD momentum. Valuation offers no support given negative earnings and no dividend. Investors would need to see margin stabilisation and a turn toward positive operating cash flow before the risk profile improves.
Tai Twun Enterprise Co. Ltd. (3432) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 544.77M
- Dividend Yield
- ―
- Average Volume (3M)
- 62.28K
- Price to Earnings (P/E)
- -16.1
- Beta (1Y)
- 0.78
- Revenue Growth
- 195.27%
- EPS Growth
- -19.42%
- Country
- TW
- Employees
- 889
- Sector
- General
- Sector Strength
- 55
- Industry
- Electrical Equipment & Parts
Tai Twun Enterprise Co. Ltd. Business Overview & Revenue Model
Company Description
Tai Twun Enterprise Co., Ltd. specializes in the manufacturing and distribution of electronic components, primarily focusing on electronic and communication terminals and various types of connectors. Their component portfolio encompasses cooling solu...
Tai Twun Enterprise Co. Ltd. Financial Statement Overview
Summary
Financials are weak despite rapid growth. Revenue roughly tripled to NT$155.3m, but gross margin compressed to about 15.9% from ~32%, leaving an operating loss of NT$33.6m and a net loss of NT$36.6m — a fourth straight loss-making year. Cash flow is the biggest concern: operating cash flow of negative NT$122.4m and free cash flow of negative NT$127.7m represent the worst burn in six years, equal to roughly 40% of equity in one year. The offset is a conservative balance sheet, with debt-to-equity near 0.11 and equity funding about 85% of assets, though equity has shrunk from NT$1.59bn in 2021 to NT$307.7m and borrowings have begun to rise again.
Income Statement
29NegativeBalance Sheet
54NeutralCash Flow
13Very Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 249.32M | 155.34M | 47.16M | 16.57M | 18.93M | 36.73M |
| Gross Profit | 39.58M | 24.73M | 7.23M | 5.30M | 4.76M | 11.92M |
| EBITDA | -31.79M | -34.73M | -19.36M | -16.52M | -1.46B | 75.47M |
| Net Income | -34.88M | -36.64M | -22.35M | -21.62M | -1.17B | 56.98M |
Balance Sheet | ||||||
| Total Assets | 441.80M | 359.89M | 352.68M | 318.71M | 488.26M | 1.78B |
| Cash, Cash Equivalents and Short-Term Investments | 179.28M | 152.00M | 246.26M | 245.52M | 135.00M | 1.63B |
| Total Debt | 125.99M | 33.23M | 576.00K | 48.09M | 38.66M | 41.97M |
| Total Liabilities | 147.61M | 52.18M | 8.49M | 55.07M | 45.46M | 191.54M |
| Stockholders Equity | 294.20M | 307.71M | 344.18M | 263.64M | 442.80M | 1.59B |
Cash Flow | ||||||
| Free Cash Flow | -134.59M | -127.67M | -59.20M | 43.67M | -22.18M | 75.35M |
| Operating Cash Flow | -129.60M | -122.41M | -58.82M | 43.45M | -22.18M | 75.36M |
| Investing Cash Flow | -1.99M | 45.70M | 162.20M | -135.89M | 8.50M | 9.68M |
| Financing Cash Flow | 125.42M | 32.10M | 51.87M | 10.05M | -37.61M | -62.48M |
Tai Twun Enterprise Co. Ltd. Peers Comparison
Overall Rating
TW:349267Neutral
TW:624654Neutral
TW:325940Underperform
TW:327239Underperform- TW:343235Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:3492 | 67Neutral | TWD 689.31M | 15.19 | ― | 5.73% | -3.52% | -26.09% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:6246 | 54Neutral | TWD 503.42M | 67.75 | ― | ― | -11.74% | ― |
| TW:3259 | 40Underperform | TWD 669.83M | -3.87 | ― | ― | 17.28% | 5.27% |
| TW:3272 | 39Underperform | TWD 691.22M | -1.27 | ― | ― | -11.96% | -68.38% |
| TW:3432 | 35Underperform | TWD 572.22M | -16.14 | ― | ― | 195.27% | -19.42% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:3432 | Tai Twun Enterprise Co. Ltd. | 13.30 | -1.15 | -7.96% | |
| TW:3259 | Solid State System Co., Ltd. | 9.18 | -14.32 | -60.94% | |
| TW:3272 | Good Way Technology Co., Ltd. | 11.00 | -9.90 | -47.37% | |
| TW:3492 | Advanced Connection Technology Inc. | 19.20 | -3.81 | -16.57% | |
| TW:5271 | Horng Tong Enterprise Co., Ltd. | 11.10 | -3.87 | -25.87% | |
| TW:6246 | Taiwan Thick-Film Ind. Corp. | 13.55 | -1.15 | -7.82% |
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