Allied Industrial Corp., Ltd. (4702) AI Stock Analysis

Allied Industrial Corp., Ltd.

(TPEx:4702)

Select Model

Rating:48Neutral

Price Target:TWD 8.50▼(-8.80% Downside)

Action:initiatedcoverage

Date:11/10/26

The score is primarily constrained by severe revenue deterioration and negative operating and free cash flow, despite a strong balance sheet. Low valuation provides meaningful support, while bearish technical trends further weigh on the outlook.

Positive Factors

Low LeverageConservative financing reduces balance-sheet pressure and leaves the company better positioned to absorb operating volatility. Modest and improving debt relative to equity can preserve financial flexibility for investment, shareholder returns, or maintaining operations through weaker periods.

Negative Factors

Revenue DeclineA declining and volatile revenue base weakens confidence in the company’s underlying demand and reduces operating scale. Continued top-line pressure could limit the benefits of improved gross margins, make profitability less predictable, and constrain internally funded growth.

Allied Industrial Corp., Ltd. (4702) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 682.10M
Dividend Yield: 5.36%
Average Volume (3M): 72.03K
Price to Earnings (P/E): 3.6
Beta (1Y): 0.40
Revenue Growth: -30.82%
EPS Growth: 387.63%
Country: TW
Employees: 19
Sector: General
Sector Strength: 55
Industry: Chemicals - Specialty

Allied Industrial Corp., Ltd. Business Overview & Revenue Model

Company Description

Allied Industrial Corp., Ltd. primarily specializes in the distribution of disperse dyes across Taiwan and the broader Asian market. Beyond this core activity, the firm's operations extend to the entire supply chain for dyestuffs, encompassing their...

Allied Industrial Corp., Ltd. Financial Statement Overview

Summary

Weak overall financial performance: severe revenue contraction, negative 2025 EBIT, and negative operating and free cash flow outweigh the strong, conservatively leveraged balance sheet.

Income Statement

25Negative

Balance Sheet

82Very Positive

Cash Flow

30Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	68.58M	68.98M	179.60M	513.23M	1.03B	1.08B
Gross Profit	26.07M	29.08M	37.06M	51.31M	72.31M	86.05M
EBITDA	91.33M	70.20M	40.41M	56.68M	126.19M	101.43M
Net Income	160.93M	63.66M	42.23M	52.11M	118.46M	83.53M
Balance Sheet
Total Assets	1.63B	1.52B	1.43B	1.45B	1.46B	1.41B
Cash, Cash Equivalents and Short-Term Investments	685.76M	625.53M	577.56M	434.49M	261.99M	85.69M
Total Debt	240.00M	179.93M	130.00M	205.00M	256.00M	296.59M
Total Liabilities	312.14M	218.53M	175.31M	240.92M	299.12M	361.01M
Stockholders Equity	1.32B	1.30B	1.26B	1.20B	1.16B	1.05B
Cash Flow
Free Cash Flow	-33.15M	-45.49M	94.59M	239.81M	234.09M	2.08M
Operating Cash Flow	-33.06M	-45.38M	94.72M	240.02M	234.64M	2.24M
Investing Cash Flow	98.64M	109.78M	-172.99M	7.61M	-32.48M	571.00K
Financing Cash Flow	55.38M	49.93M	-75.00M	-51.00M	-40.59M	-45.92M

Allied Industrial Corp., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:4702 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:8423	62Neutral	TWD 727.91M	16.50	―	3.97%	0.28%	66.15%
TW:7715	59Neutral	TWD 759.95M	38.36	―	19.94%	-44.65%	-84.66%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:6624	49Neutral	TWD 784.64M	62.79	―	0.80%	-31.58%	-81.33%
TW:4702	48Neutral	TWD 676.32M	3.56	―	5.36%	-30.82%	387.63%
TW:4102	44Neutral	TWD 741.54M	-905.61	―	6.57%	7.67%	86.29%

* General Sector Average

Performance Comparison

TW:4702 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:4702	Allied Industrial Corp., Ltd.	9.32	-0.19	-2.02%
TW:4102	Yung Zip Chemical Ind. Co., Ltd.	17.50	-5.00	-22.22%
TW:6624	Ever-Clear Environmental Eng. Corp.	36.00	1.24	3.57%
TW:6911	Chyunn Environment Corporation	27.15	-2.46	-8.30%
TW:7715	Yuh Shan Environmental Engineering Co., Ltd.	24.00	-4.18	-14.85%
TW:8423	Polygreen Resources Co., Ltd.	17.65	0.77	4.56%

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

Allied Industrial Corp., Ltd. AI Stock Analysis