Hakers Enterprise Co., Ltd. (4432) AI Stock Analysis

Hakers Enterprise Co., Ltd.

(TPEx:4432)

Select Model

Rating:52Neutral

Price Target:TWD 15.50▲(0.00% Upside)

Action:initiatedcoverage

Date:11/10/26

The score is primarily constrained by sharply weaker earnings and cash flow, despite a conservatively financed balance sheet. Low valuation provides meaningful support, while technical indicators remain mildly weak to neutral.

Positive Factors

Conservative Balance SheetVery low leverage and a substantial equity cushion reduce balance-sheet strain and provide financial resilience. This gives the company greater capacity to withstand weaker earnings, maintain operations, and allocate capital without relying heavily on additional borrowing.

Negative Factors

Revenue and Margin DeteriorationThe simultaneous decline in revenue and profitability signals weakening operating performance rather than an isolated margin movement. Lower sales and sharply reduced net margin can limit earnings resilience, reduce internal funding capacity, and make results more dependent on a recovery.

Hakers Enterprise Co., Ltd. (4432) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 774.01M
Dividend Yield: 2.58%
Average Volume (3M): 26.70K
Price to Earnings (P/E): 3.2
Beta (1Y): 0.16
Revenue Growth: -14.51%
EPS Growth: 742.90%
Country: TW
Employees: 988
Sector: General
Sector Strength: 55
Industry: Apparel - Manufacturers

Hakers Enterprise Co., Ltd. Business Overview & Revenue Model

Company Description

Hakers Enterprise Co., Ltd. researches, develops, manufactures, and markets garments and other related textile products in Taiwan. The company offers sportswear products, workwear and outdoor performance clothing. Hakers Enterprise Co., Ltd. was foun...

Hakers Enterprise Co., Ltd. Financial Statement Overview

Summary

A strong, low-leverage balance sheet is offset by materially weaker profitability and cash generation. Revenue, gross margin, net income, operating cash flow, and free cash flow all deteriorated in 2025.

Income Statement

38Negative

Balance Sheet

86Very Positive

Cash Flow

19Very Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.00B	1.09B	1.12B	1.18B	1.54B	1.35B
Gross Profit	227.94M	246.38M	285.23M	281.52M	337.13M	101.89M
EBITDA	82.02M	61.83M	203.46M	154.21M	232.87M	-68.82M
Net Income	240.75M	44.56M	133.55M	97.20M	172.26M	-103.11M
Balance Sheet
Total Assets	1.85B	1.76B	1.72B	1.54B	1.53B	1.37B
Cash, Cash Equivalents and Short-Term Investments	1.21B	1.06B	1.01B	789.71M	627.19M	297.67M
Total Debt	126.13M	130.81M	10.91M	26.13M	58.24M	50.40M
Total Liabilities	268.77M	314.91M	251.65M	206.53M	272.61M	290.59M
Stockholders Equity	1.58B	1.44B	1.47B	1.33B	1.26B	1.08B
Cash Flow
Free Cash Flow	189.24M	-23.48M	232.35M	211.32M	304.96M	-76.34M
Operating Cash Flow	208.61M	367.00K	249.33M	225.09M	313.49M	-71.41M
Investing Cash Flow	222.53M	-378.32M	-25.41M	-121.41M	-38.76M	470.00K
Financing Cash Flow	11.97M	87.64M	-40.82M	-40.06M	10.34M	-8.91M

Hakers Enterprise Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:4432 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:8455	55Neutral	TWD 793.14M	79.88	―	―	7.44%	―
TW:4432	52Neutral	TWD 784.13M	3.21	―	2.58%	-14.51%	742.90%
TW:4702	48Neutral	TWD 676.32M	3.54	―	5.35%	-30.82%	387.63%
TW:8443	46Neutral	TWD 724.78M	-6.91	―	1.84%	-8.69%	-40.73%
TW:1324	43Neutral	TWD 709.90M	-29.52	―	2.12%	-12.03%	25.26%
TW:1340	40Underperform	TWD 730.97M	-2.10	―	―	-84.09%	50.07%

* General Sector Average

Performance Comparison

TW:4432 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:4432	Hakers Enterprise Co., Ltd.	15.50	-0.11	-0.72%
TW:1324	Globe Industries Corp. Ltd.	9.27	-1.38	-12.96%
TW:1340	Victory New Materials Ltd. Co.	4.83	-2.28	-32.07%
TW:4702	Allied Industrial Corp., Ltd.	9.32	-0.19	-2.02%
TW:8443	SHUI-MU International Co., Ltd.	10.90	-0.80	-6.84%
TW:8455	Daito Me Holdings Co. Ltd.	30.70	6.55	27.12%

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 10, 2026

Hakers Enterprise Co., Ltd. AI Stock Analysis