Shih-Kuen Plastics Co., Ltd. (4305) AI Stock Analysis

Shih-Kuen Plastics Co., Ltd.

(TPEx:4305)

Select Model

Rating:67Neutral

Price Target:TWD 44.00▲(5.77% Upside)

Action:initiatedcoverage

Date:11/10/26

The overall score of 67 reflects a company with strong fundamentals and attractive valuation that is currently under severe technical selling pressure. The primary strengths are a fortress-like balance sheet with almost no debt, high-quality cash flows, and a very low P/E ratio combined with a high dividend yield. These positive factors are significantly offset by a deeply bearish technical trend, with the stock in oversold conditions and trading below all major moving averages, and a sharp 56.8% decline in annual revenue that raises concerns about future growth.

Positive Factors

Conservative Balance SheetVery low leverage reduces financial risk and preserves borrowing capacity through business cycles. This gives Shih-Kuen flexibility to fund operations, withstand weaker demand, and pursue opportunities without substantial interest or refinancing pressure.

Negative Factors

Sharp Revenue ContractionThe steep 2025 top-line decline weakens visibility into customer demand and utilization over the next several quarters. Even with resilient margins, sustained revenue pressure could limit earnings growth, reduce operating scale, and make recent profitability harder to maintain.

Shih-Kuen Plastics Co., Ltd. (4305) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 2.23B
Dividend Yield: 7.45%
Average Volume (3M): 4,544
Price to Earnings (P/E): 8.5
Beta (1Y): 0.15
Revenue Growth: -9.80%
EPS Growth: 11.28%
Country: TW
Employees: 106
Sector: General
Sector Strength: 55
Industry: Chemicals - Specialty

Shih-Kuen Plastics Co., Ltd. Business Overview & Revenue Model

Company Description

Shih-Kuen Plastics Co., Ltd., based in Tainan City, Taiwan, specializes in the production and supply of a broad spectrum of PVC sheets and vinyl film. Their comprehensive product line encompasses various types of PVC sheets. This includes double-poli...

Shih-Kuen Plastics Co., Ltd. Financial Statement Overview

Summary

Strong overall financial health. The balance sheet is exceptional with minimal debt (3.5% of equity) and a healthy 16.8% ROE. Cash flow quality is high, with operating cash flow covering net income by 1.25x. Profitability is robust with expanding margins, though the 56.8% revenue decline is a significant concern that prevents a higher score.

Income Statement

72Positive

Balance Sheet

85Very Positive

Cash Flow

78Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.03B	1.08B	1.04B	941.03M	909.73M	1.17B
Gross Profit	338.44M	334.89M	281.57M	242.85M	183.16M	229.39M
EBITDA	288.16M	267.28M	283.98M	212.57M	196.00M	153.89M
Net Income	268.19M	210.97M	218.22M	160.34M	146.87M	111.42M
Balance Sheet
Total Assets	1.57B	1.48B	1.39B	1.30B	1.22B	1.21B
Cash, Cash Equivalents and Short-Term Investments	954.21M	874.45M	798.87M	762.80M	739.45M	582.10M
Total Debt	16.28M	43.95M	22.00M	12.26M	10.17M	12.70M
Total Liabilities	362.98M	224.59M	175.82M	162.35M	138.05M	178.24M
Stockholders Equity	1.21B	1.25B	1.22B	1.14B	1.09B	1.03B
Cash Flow
Free Cash Flow	274.93M	241.55M	152.04M	136.41M	256.49M	107.97M
Operating Cash Flow	293.38M	269.51M	162.91M	144.15M	256.69M	114.04M
Investing Cash Flow	-60.52M	-13.41M	-183.38M	-83.78M	-314.74M	81.64M
Financing Cash Flow	-196.78M	-151.35M	-140.22M	-111.83M	-102.37M	-97.92M

Shih-Kuen Plastics Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:4305 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:8424	79Outperform	TWD 2.44B	10.96	―	7.33%	-0.52%	15.98%
TW:4305	67Neutral	TWD 2.21B	8.54	―	7.45%	-9.80%	11.28%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:3178	42Neutral	TWD 2.73B	62.59	―	0.82%	2.22%	6041.77%
TW:1325	41Neutral	TWD 2.16B	-42.24	―	1.19%	-21.19%	47.07%
TW:2239	40Underperform	TWD 2.09B	-1.96	―	―	-10.18%	-223.51%
TW:6128	40Underperform	TWD 2.30B	-1.83	―	2.79%	-5.23%	-561.00%

* General Sector Average

Performance Comparison

TW:4305 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:4305	Shih-Kuen Plastics Co., Ltd.	41.60	1.92	4.84%
TW:1325	Universal Incorporation	25.05	-6.05	-19.45%
TW:2239	Cayman Engley Industrial Co., Ltd.	18.00	-11.70	-39.39%
TW:3178	Gongin Precision Industrial Co., Ltd.	60.80	10.50	20.87%
TW:6128	General Plastic Industrial Co., Ltd.	17.90	-5.14	-22.29%
TW:8424	Wellpool Co., Ltd	68.20	0.19	0.29%

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

Shih-Kuen Plastics Co., Ltd. AI Stock Analysis