Shieh Yih Machinery Industry Co., Ltd. (4533) AI Stock Analysis

Shieh Yih Machinery Industry Co., Ltd.

(TPEx:4533)

Select Model

Rating:44Neutral

Price Target:TWD 27.00▼(-8.16% Downside)

Action:initiatedcoverage

Date:11/09/26

Shieh Yih Machinery scores in the lower band primarily due to deteriorating financial performance: despite 12% revenue growth, operating margin collapsed to 1.3%, net income fell nearly 87%, and both operating and free cash flow turned negative. The balance sheet offers a reasonable cushion with equity funding about 40% of assets, but a 1.2% return on equity alongside rising debt limits flexibility. Valuation compounds the concern, with a P/E near 49 on depressed earnings and only a 0.65% dividend yield. Technicals are the most supportive element — the price has reclaimed its 50- and 100-day averages with positive MACD momentum — but it remains below the 200-day average, keeping the longer-term trend negative. Investors should look for margin recovery and a return to positive cash conversion as the key signals of improvement.

Positive Factors

Industrial machinery business with domestic and export channelsThe company operates in industrial machinery, supplying equipment used in metalworking and factory production. Its combination of domestic and export channels provides established routes to customers and supports a business model tied to ongoing manufacturing investment across multiple markets.

Negative Factors

Sharp 2025 profitability deteriorationThe collapse in operating and net profitability shows that stronger revenue is not currently translating into proportionate earnings. Weaker pricing, higher costs, mix issues, or non-operating headwinds could continue to limit earnings quality and reduce the benefits of future sales growth.

Shieh Yih Machinery Industry Co., Ltd. (4533) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 5.09B
Dividend Yield: 0.60%
Average Volume (3M): 1.75M
Price to Earnings (P/E): 50.1
Beta (1Y): 0.84
Revenue Growth: -0.25%
EPS Growth: 42.76%
Country: TW
Employees: 254
Sector: General
Sector Strength: 55
Industry: Industrial - Machinery

Shieh Yih Machinery Industry Co., Ltd. Business Overview & Revenue Model

Company Description

Shieh Yih Machinery Industry Co., Ltd., founded in 1962 as Shieh Yih Chuang Ironworks Co. before adopting its current name in 1982, is headquartered in Taoyuan City, Taiwan. The company specializes in the global development and sale of advanced servo...

Shieh Yih Machinery Industry Co., Ltd. Financial Statement Overview

Summary

Financials are the primary drag. Revenue grew roughly 12% to NT$4.03 billion, but profitability collapsed: gross margin fell to 24.5% from 28.0%, operating margin dropped from 10.2% to 1.3%, and net income declined nearly 87% to NT$31.6 million (0.8% net margin). The balance sheet is the relative bright spot, with equity funding about 40% of assets and debt-to-equity stable at 0.88, though rising borrowings against a 1.2% return on equity leave little margin for error. Cash flow is the weakest element, with operating cash flow of negative NT$15 million and free cash flow of negative NT$58 million after a strong prior year, reflecting erratic working-capital-driven conversion typical of a cyclical capital-goods manufacturer.

Income Statement

34Negative

Balance Sheet

47Neutral

Cash Flow

29Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.90B	4.03B	3.59B	3.50B	3.55B	3.80B
Gross Profit	840.93M	984.68M	1.01B	1.06B	843.25M	812.90M
EBITDA	62.42M	146.22M	451.56M	387.89M	227.15M	199.76M
Net Income	95.15M	31.62M	245.75M	212.90M	28.74M	56.66M
Balance Sheet
Total Assets	6.30B	6.54B	6.57B	6.05B	6.22B	6.13B
Cash, Cash Equivalents and Short-Term Investments	2.85B	2.89B	3.49B	3.13B	3.01B	3.02B
Total Debt	1.88B	2.28B	2.06B	1.95B	2.06B	2.24B
Total Liabilities	3.73B	3.95B	3.89B	3.47B	3.79B	3.75B
Stockholders Equity	2.57B	2.59B	2.69B	2.58B	2.43B	2.39B
Cash Flow
Free Cash Flow	146.07M	-57.97M	523.94M	40.31M	-81.27M	16.01M
Operating Cash Flow	169.29M	-15.11M	566.17M	69.36M	-57.99M	51.66M
Investing Cash Flow	68.84M	-228.55M	-8.50M	-228.59M	264.23M	-151.40M
Financing Cash Flow	-342.76M	-254.53M	-214.72M	-34.97M	-190.87M	32.20M

Shieh Yih Machinery Industry Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:4533 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:4572	63Neutral	TWD 4.64B	20.03	―	4.31%	3.72%	57.19%
TW:6983	63Neutral	TWD 4.55B	53.63	―	1.98%	―	―
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:1525	48Neutral	TWD 4.55B	29.95	―	4.52%	3.84%	-46.56%
TW:1528	44Neutral	TWD 4.70B	-75.44	―	0.39%	2.48%	45.58%
TW:4533	44Neutral	TWD 5.25B	50.08	―	0.60%	-0.25%	42.76%
TW:4540	37Underperform	TWD 5.89B	-369.29	―	―	36.77%	94.53%

* General Sector Average

Performance Comparison

TW:4533 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:4533	Shieh Yih Machinery Industry Co., Ltd.	29.40	8.95	43.74%
TW:1525	Kian Shen Corporation	62.00	0.15	0.24%
TW:1528	Anderson Industrial Corp.	25.65	11.00	75.09%
TW:4540	TBI MOTION TECHNOLOGY CO LTD	51.10	14.05	37.92%
TW:4572	Drewloong Precision, Inc.	116.00	-25.71	-18.14%
TW:6983	HUA YANG Precision Machinery Co., Ltd.	252.50	120.82	91.76%

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

Shieh Yih Machinery Industry Co., Ltd. AI Stock Analysis