Alformer Industrial Co Ltd (4558) AI Stock Analysis

Alformer Industrial Co Ltd

(TPEx:4558)

Select Model

Rating:43Neutral

Price Target:TWD 15.50▼(-8.55% Downside)

Action:initiatedcoverage

Date:11/10/26

The score is primarily constrained by deteriorating profitability, elevated leverage, and persistent negative cash flow. Weak technical positioning further reduces the score, while the moderate P/E provides only limited support. Earnings-call and corporate-event data were excluded.

Positive Factors

Positive EBITDA BaseA positive EBITDA margin indicates the company still generates some operating earnings before financing and non-cash charges, providing a base for recovery. However, the modest level means profitability remains sensitive to further revenue pressure and cost deterioration.

Negative Factors

Revenue ContractionSeveral years of revenue contraction indicate weakening business momentum rather than a single-period fluctuation. Continued top-line pressure can reduce operating leverage, limit reinvestment capacity, and make it harder for the company to restore margins or absorb fixed costs.

Alformer Industrial Co Ltd (4558) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 860.00M
Dividend Yield: ―
Average Volume (3M): 41.89K
Price to Earnings (P/E): 19.1
Beta (1Y): 0.63
Revenue Growth: 10.33%
EPS Growth: ―
Country: TW
Employees: 336
Sector: General
Sector Strength: 55
Industry: Aluminum

Alformer Industrial Co Ltd Business Overview & Revenue Model

Company Description

ALFORMER Industrial Co., Ltd. is a specialist provider of custom aluminum products and services. The company's extensive operations are segmented into five main areas: Aluminum Extrusion, Aluminum Forging, Aluminum Doors and Windows, CNC Machining, a...

Alformer Industrial Co Ltd Financial Statement Overview

Summary

Financial performance is at the bottom of the permitted range. Profitability deteriorated to a net loss with sharply reduced margins, leverage increased to 1.93x debt-to-equity, and operating cash flow and free cash flow were negative.

Income Statement

28Negative

Balance Sheet

35Negative

Cash Flow

20Very Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.64B	1.54B	1.45B	1.59B	1.96B	2.13B
Gross Profit	173.89M	79.61M	125.23M	89.77M	167.03M	339.80M
EBITDA	143.01M	78.43M	115.28M	75.35M	147.30M	307.28M
Net Income	44.96M	-19.29M	24.25M	251.00K	60.80M	200.77M
Balance Sheet
Total Assets	3.15B	2.85B	2.45B	2.14B	2.13B	2.16B
Cash, Cash Equivalents and Short-Term Investments	425.97M	361.75M	209.37M	214.39M	122.80M	156.41M
Total Debt	1.98B	1.69B	1.28B	1.02B	1.02B	1.14B
Total Liabilities	2.25B	1.97B	1.54B	1.26B	1.20B	1.41B
Stockholders Equity	900.55M	875.29M	905.37M	881.11M	930.86M	755.32M
Cash Flow
Free Cash Flow	-515.33M	-210.04M	-242.45M	175.46M	-15.37M	-392.54M
Operating Cash Flow	-168.31M	-2.38M	26.45M	245.56M	110.16M	-305.93M
Investing Cash Flow	-384.59M	-244.16M	-289.61M	-84.12M	-136.84M	-93.31M
Financing Cash Flow	663.26M	398.91M	258.15M	-69.84M	-6.94M	413.71M

Alformer Industrial Co Ltd Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:4558 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:4554	63Neutral	TWD 750.86M	8.82	―	2.02%	17.49%	245.73%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:4432	52Neutral	TWD 784.13M	3.21	―	2.58%	-14.51%	742.90%
TW:2073	46Neutral	TWD 710.88M	-36.76	―	1.16%	9.64%	-632.75%
TW:8107	46Neutral	TWD 832.50M	8.83	―	9.01%	-27.02%	294.03%
TW:4558	43Neutral	TWD 847.50M	19.09	―	―	10.33%	―

* General Sector Average

Performance Comparison

TW:4558 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:4558	Alformer Industrial Co Ltd	16.95	-3.50	-17.11%
TW:2073	Syong Shun Metal CO., Ltd.	25.85	-1.36	-4.98%
TW:2245	Nww Manufacturing Co. Ltd.	22.80	-2.54	-10.03%
TW:4432	Hakers Enterprise Co., Ltd.	15.50	-0.11	-0.72%
TW:4554	Orange Electronic Co Ltd	24.80	-2.13	-7.91%
TW:8107	Tayih Kenmos Auto Parts Co., Ltd.	11.10	-3.35	-23.18%

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

Alformer Industrial Co Ltd AI Stock Analysis