King Chou Marine Technology Co., Ltd (4417) AI Stock Analysis

King Chou Marine Technology Co., Ltd

(TPEx:4417)

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Rating:73Outperform

Price Target:TWD 51.00▲(6.58% Upside)

Action:initiatedcoverage

Date:11/09/26

King Chou Marine Technology scores well on fundamentals: record revenue, the widest margins in six years, 39% profit growth, falling debt, 16% ROE, and a sharp rebound in free cash flow to NT$715 million. Valuation adds to the appeal, with a 9.0 P/E and a 7.6% dividend yield supported by strong cash generation. The score is held back by soft technicals — the stock sits below its short-term moving averages with a negative MACD and deeply oversold momentum readings, though it is testing long-term support near its 100- and 200-day averages. Investors should also note the historically uneven revenue trend and volatile capital spending, which make the current earnings and cash flow levels difficult to assume as a steady run rate.

Positive Factors

2025 Profitability ReboundThe sharp 2025 revenue increase accompanied by stronger gross, EBIT, and net margins demonstrates meaningful operating leverage in the reported period. If demand remains supportive, this profitability profile can improve internal funding capacity and reinforce earnings power over the next several quarters.

Negative Factors

Cyclical Earnings ProfileThe uneven revenue history suggests that profitability is sensitive to industry or demand cycles rather than steadily compounding. Such swings can make earnings, staffing, investment planning, and shareholder returns less predictable when operating conditions weaken.

King Chou Marine Technology Co., Ltd (4417) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 4.09B
Dividend Yield: 7.31%
Average Volume (3M): 74.94K
Price to Earnings (P/E): 9.3
Beta (1Y): 0.19
Revenue Growth: 4.16%
EPS Growth: -8.23%
Country: TW
Employees: 120
Sector: General
Sector Strength: 55
Industry: Manufacturing - Textiles

King Chou Marine Technology Co., Ltd Business Overview & Revenue Model

Company Description

Operating worldwide under its 'King Net' brand, King Chou Marine Technology Co., Ltd. specializes in the manufacturing, processing, global distribution, and procurement of fishing nets for the maritime industry. Their extensive product range features...

King Chou Marine Technology Co., Ltd Financial Statement Overview

Summary

Financials are the company's clear strength. Revenue hit a record NT$3.49 billion (+13%), with gross margin widening to 30.7% and net margin to 14.8% — the best of the past six years — lifting net income 39% to NT$515 million. The balance sheet is conservative: equity funds ~60% of assets, debt fell to NT$677 million, debt-to-equity dropped to 0.21, and ROE improved to 16.0%. Cash flow was the standout, with operating cash flow of NT$812 million and free cash flow rebounding to NT$715 million from NT$92 million, covering net income comfortably. Offsetting this are a cyclical top line that has declined in three of the past six years and free cash flow that swings sharply with capital spending.

Income Statement

80Positive

Balance Sheet

80Positive

Cash Flow

83Very Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.37B	3.49B	3.09B	2.94B	3.27B	2.38B
Gross Profit	1.08B	1.07B	887.44M	740.59M	964.34M	693.98M
EBITDA	820.31M	837.10M	716.85M	610.86M	708.04M	465.48M
Net Income	432.70M	515.10M	370.72M	310.26M	402.98M	261.84M
Balance Sheet
Total Assets	5.33B	5.33B	5.31B	4.79B	4.83B	4.30B
Cash, Cash Equivalents and Short-Term Investments	1.14B	1.27B	1.13B	1.10B	889.00M	779.57M
Total Debt	526.52M	676.88M	926.33M	924.52M	926.53M	842.25M
Total Liabilities	1.75B	1.65B	1.80B	1.60B	1.67B	1.43B
Stockholders Equity	3.17B	3.21B	3.05B	2.77B	2.74B	2.46B
Cash Flow
Free Cash Flow	338.25M	714.55M	92.29M	533.26M	175.94M	141.24M
Operating Cash Flow	422.36M	811.63M	598.65M	668.29M	331.38M	237.08M
Investing Cash Flow	-158.50M	91.59M	-519.74M	-205.60M	-187.88M	-132.13M
Financing Cash Flow	-503.87M	-450.38M	-175.42M	-253.94M	-132.76M	-89.46M

King Chou Marine Technology Co., Ltd Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:4417 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:4417	73Outperform	TWD 4.02B	9.25	―	7.31%	4.16%	-8.23%
TW:4580	63Neutral	TWD 3.77B	13.24	―	4.97%	-2.83%	2.78%
TW:8905	56Neutral	TWD 4.11B	41.88	―	1.99%	10.41%	-5.43%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:8367	52Neutral	TWD 3.82B	12.39	―	6.88%	6.77%	-1.08%
TW:1219	46Neutral	TWD 3.82B	-21.96	―	4.46%	-1.38%	-285.88%
TW:2601	44Neutral	TWD 3.47B	-3.13	―	―	―	―

* General Sector Average

Performance Comparison

TW:4417 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:4417	King Chou Marine Technology Co., Ltd	47.85	-4.81	-9.14%
TW:1219	Fwusow Industry Co. Ltd.	11.20	-1.92	-14.66%
TW:2601	First Steamship Co., Ltd.	5.10	-1.65	-24.43%
TW:4580	Value Valves Co., Ltd.	80.50	1.63	2.06%
TW:8367	Chien Shing Harbour Service Co. Ltd.	41.40	0.31	0.76%
TW:8905	Eagle Cold Storage Enterprise Co., Ltd.	35.60	5.42	17.97%

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

King Chou Marine Technology Co., Ltd AI Stock Analysis