Shanyuan Co., Ltd. (4416) AI Stock Analysis

Shanyuan Co., Ltd.

(TPEx:4416)

Select Model

Rating:45Neutral

Price Target:TWD 10.50▲(0.00% Upside)

Action:initiatedcoverage

Date:11/10/26

The score is primarily constrained by very high leverage, negative profitability, and weak cash generation. Attractive valuation metrics provide some support, but technical momentum remains weak and oversold conditions do not confirm a reversal.

Positive Factors

Revenue ReboundThe sharp 2025 revenue rebound indicates improving business scale and demand relative to the prior period. If the company can sustain this higher activity level, it may provide a broader base for operating leverage and strengthen its ability to absorb fixed costs over the next several quarters.

Negative Factors

Very High LeverageDebt-to-equity of roughly seven times leaves limited equity protection against asset deterioration or weaker business conditions. This capital structure raises refinancing and downturn risk, while interest and debt obligations can restrict management’s flexibility to fund growth or withstand volatility.

Shanyuan Co., Ltd. (4416) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 728.41M
Dividend Yield: 9.66%
Average Volume (3M): 1.18M
Price to Earnings (P/E): 3.3
Beta (1Y): 0.34
Revenue Growth: 295.87%
EPS Growth: ―
Country: TW
Employees: 12
Sector: General
Sector Strength: 55
Industry: Real Estate - Services

Shanyuan Co., Ltd. Business Overview & Revenue Model

Company Description

Shanyuan Co., Ltd. primarily focuses on the development of residential properties throughout Taiwan. The company's operations also encompass the sale and leasing of commercial real estate, including office buildings, retail storefronts, and other div...

Shanyuan Co., Ltd. Financial Statement Overview

Summary

Strong 2025 revenue growth and improved gross margin are outweighed by negative net income, very high leverage at 7.4 times debt to equity, and deeply negative operating and free cash flow.

Income Statement

55Neutral

Balance Sheet

25Negative

Cash Flow

24Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.17B	1.46B	404.30M	116.55M	95.72M	91.33M
Gross Profit	1.56B	517.32M	108.98M	63.88M	51.89M	47.50M
EBITDA	640.02M	386.39M	193.35M	170.49M	-138.38M	1.41B
Net Income	230.43M	-44.12M	5.85M	-1.47M	-271.11M	977.44M
Balance Sheet
Total Assets	13.46B	13.65B	15.74B	14.82B	14.81B	12.54B
Cash, Cash Equivalents and Short-Term Investments	803.23M	1.00B	2.23B	2.21B	2.50B	1.44B
Total Debt	11.27B	11.83B	12.47B	12.37B	12.73B	10.10B
Total Liabilities	11.51B	12.04B	14.01B	13.16B	13.05B	10.28B
Stockholders Equity	1.94B	1.61B	1.73B	1.67B	1.75B	2.26B
Cash Flow
Free Cash Flow	287.60M	-575.81M	-123.14M	132.23M	-1.67B	-1.89B
Operating Cash Flow	352.96M	-573.81M	-122.82M	134.24M	-1.67B	-1.89B
Investing Cash Flow	290.39M	-1.34M	692.50M	-108.95M	27.39M	1.46B
Financing Cash Flow	-679.38M	-720.00M	85.52M	-452.19M	2.39B	706.57M

Shanyuan Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:4416 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:5516	46Neutral	TWD 659.78M	12.65	―	―	26.78%	―
TW:4416	45Neutral	TWD 717.97M	3.26	―	9.66%	295.87%	―
TW:6264	43Neutral	TWD 819.50M	-10.07	―	―	52.16%	-21.07%
TW:4402	41Neutral	TWD 866.90M	-69.90	―	―	66.21%	-366.24%
TW:5345	40Underperform	TWD 718.10M	-274.61	―	―	229.58%	90.01%

* General Sector Average

Performance Comparison

TW:4416 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:4416	Shanyuan Co., Ltd.	10.50	-35.70	-77.27%
TW:4402	J.D Development Co. Ltd.	12.45	-5.10	-29.06%
TW:5345	Fullhome Development Co., Ltd.	19.25	-5.60	-22.54%
TW:5516	Sun-Sea Construction Corporation	12.85	-1.65	-11.38%
TW:6264	KINGLAND PROPERTY CORPORATION LTD	6.03	-1.32	-17.96%

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

Shanyuan Co., Ltd. AI Stock Analysis