TST Group Holding Ltd. AI Stock Analysis
TST Group Holding Ltd. (4439) AI Stock Analysis
TST Group Holding Ltd.
(TWSE:4439)
The overall score is constrained by weak technical momentum and poor cash flow generation. The stock is in a bearish technical pattern, trading below key moving averages with negative momentum indicators. Financially, the company's inability to generate positive free cash flow for three years is a significant risk that overshadows the strong revenue recovery. Positively, the valuation is compelling with a low P/E ratio and a high dividend yield, offering a margin of safety for long-term investors. The balance sheet is stable, but declining returns on equity are a concern.
TST Group Holding Ltd. (4439) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 3.72B
- Dividend Yield
- 4.14%
- Average Volume (3M)
- 31.30K
- Price to Earnings (P/E)
- 10.5
- Beta (1Y)
- 0.28
- Revenue Growth
- 19.84%
- EPS Growth
- 223.34%
- Country
- TW
- Employees
- 556
- Sector
- General
- Sector Strength
- 55
- Industry
- Manufacturing - Textiles
TST Group Holding Ltd. Business Overview & Revenue Model
Company Description
TST Group Holding Ltd. manufactures and sales of cotton fabric in textile industry. The company was founded in 1995 and is based in George Town, Cayman Islands.
TST Group Holding Ltd. Financial Statement Overview
Summary
Financial performance is mixed. The income statement shows a strong revenue recovery and net income rebound in 2025, but margins remain below historical peaks. The balance sheet is conservatively leveraged, yet return on equity has declined significantly. Cash flow is the primary concern, with three consecutive years of negative free cash flow despite an improvement in operating cash flow. Overall, top-line growth is promising but not yet translating into consistent, cash-backed profitability.
Income Statement
65PositiveBalance Sheet
58NeutralCash Flow
45Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.44B | 7.00B | 5.42B | 5.19B | 7.43B | 7.42B |
| Gross Profit | 1.38B | 1.26B | 882.39M | 1.24B | 1.26B | 1.08B |
| EBITDA | 761.84M | 696.48M | 411.87M | 712.55M | 699.40M | 549.85M |
| Net Income | 352.77M | 294.08M | 65.66M | 408.20M | 442.04M | 336.13M |
Balance Sheet | ||||||
| Total Assets | 7.31B | 6.20B | 5.77B | 4.98B | 4.31B | 4.86B |
| Cash, Cash Equivalents and Short-Term Investments | 426.39M | 537.86M | 487.83M | 503.44M | 907.42M | 740.50M |
| Total Debt | 1.76B | 1.54B | 1.40B | 833.40M | 196.95M | 787.72M |
| Total Liabilities | 3.87B | 2.85B | 2.52B | 1.82B | 1.29B | 2.36B |
| Stockholders Equity | 3.44B | 3.36B | 3.25B | 3.16B | 3.03B | 2.49B |
Cash Flow | ||||||
| Free Cash Flow | -258.53M | -12.78M | -491.94M | -541.53M | 380.90M | -425.22M |
| Operating Cash Flow | 78.34M | 322.80M | 23.25M | 522.49M | 875.28M | -281.48M |
| Investing Cash Flow | -357.27M | -283.30M | -487.34M | -1.25B | -489.58M | -139.66M |
| Financing Cash Flow | 126.76M | -21.69M | 356.74M | 313.26M | -331.20M | -61.24M |
TST Group Holding Ltd. Peers Comparison
Overall Rating
TW:145974Outperform
TW:145756Neutral- TW:443954Neutral
TW:145153Neutral
TW:146447Neutral
TW:146046Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:1459 | 74Outperform | TWD 3.68B | 7.00 | ― | 22.28% | ― | ― |
| TW:1457 | 56Neutral | TWD 3.31B | 10.37 | ― | 7.14% | -20.14% | 30.46% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:4439 | 54Neutral | TWD 3.72B | 10.54 | ― | 4.14% | 19.84% | 223.34% |
| TW:1451 | 53Neutral | TWD 3.38B | 10.12 | ― | 5.85% | 8.77% | -3.63% |
| TW:1464 | 47Neutral | TWD 3.96B | 11.48 | ― | 2.69% | -3.78% | 110.06% |
| TW:1460 | 46Neutral | TWD 4.02B | -29.03 | ― | ― | -17.70% | 48.98% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:4439 | TST Group Holding Ltd. | 98.00 | 10.62 | 12.16% | |
| TW:1451 | Nien Hsing Textile Co., Ltd. | 17.10 | 0.44 | 2.67% | |
| TW:1457 | Yi Jinn Industrial Co.,Ltd | 14.00 | -1.44 | -9.33% | |
| TW:1459 | Lan Fa Textile Co., Ltd. | 17.00 | 4.64 | 37.60% | |
| TW:1460 | Everest Textile Co., Ltd. | 5.96 | 0.31 | 5.49% | |
| TW:1464 | De Licacy Industrial Co., Ltd. | 9.30 | -1.44 | -13.41% |
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