Yong Shun Chemical Co.,Ltd (4711) AI Stock Analysis

Yong Shun Chemical Co.,Ltd

(TPEx:4711)

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Rating:49Neutral

Price Target:TWD 15.00▼(-5.06% Downside)

Action:initiatedcoverage

Date:11/09/26

Yong Shun Chemical scores below average, weighed down primarily by weak profitability: revenue is roughly 37% below 2021 levels, operating margin is under 1%, and return on equity sits near 1%, leaving little cushion against chemical-cycle swings. This is partly offset by a fortress balance sheet (debt-to-equity of 0.10, 81% equity-funded) and a solid free cash flow rebound to about NT$76 million that comfortably covers reported earnings. Technicals add further pressure, with the share price below all major moving averages and a negative MACD. Valuation is mixed — an 18.4x P/E looks full against depressed earnings, though a 3.3% dividend yield and low beta of 0.46 offer some support. The stock is financially safe but needs a recovery in volumes and margins to justify a higher rating.

Positive Factors

Revenue ReboundThe 2025 revenue rebound indicates renewed demand across Yong Shun Chemical’s industrial customer base and provides a stronger operating foundation. If sustained, this recovery can improve capacity utilization, support fixed-cost absorption, and help rebuild earnings power over the next several quarters.

Negative Factors

Thin Profit MarginsVery thin operating and net margins leave limited room for cost increases, pricing pressure, or weaker product mix before earnings are materially affected. Although profitability has returned, the compressed margins constrain durable returns and make future results sensitive to modest operational changes.

Yong Shun Chemical Co.,Ltd (4711) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 983.00M
Dividend Yield: 3.16%
Average Volume (3M): 157.69K
Price to Earnings (P/E): 17.3
Beta (1Y): 0.48
Revenue Growth: 12.14%
EPS Growth: 365.99%
Country: TW
Employees: 110
Sector: General
Sector Strength: 55
Industry: Chemicals - Specialty

Yong Shun Chemical Co.,Ltd Business Overview & Revenue Model

Company Description

Yong Shun Chemical Co., Ltd. is a Taiwanese enterprise specializing in the production and distribution of resins. Their offerings encompass specialized coating resins and fiber auxiliaries. Additionally, the company is active in the manufacturing, pr...

Yong Shun Chemical Co.,Ltd Financial Statement Overview

Summary

A tale of two halves. The balance sheet is a genuine strength — debt-to-equity of just 0.10, equity funding roughly 81% of assets, and consistently low leverage over six years. Cash flow also improved sharply, with operating cash flow doubling to about NT$85 million and free cash flow rebounding to roughly NT$76 million, comfortably exceeding reported net income. However, the income statement is weak and drives the score lower: revenue has fallen from about NT$1.15 billion in 2021 to roughly NT$729 million, gross margin is near 12%, operating margin is under 1%, and net margin is just 1.3%. Return on equity of about 0.9% shows a large equity base producing very little profit, and the cash flow recovery appears more cyclical and working-capital driven than durable.

Income Statement

33Negative

Balance Sheet

70Positive

Cash Flow

66Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	809.65M	729.03M	763.39M	768.73M	1.13B	1.15B
Gross Profit	141.27M	88.27M	86.05M	100.94M	49.27M	177.25M
EBITDA	77.80M	29.43M	37.12M	46.81M	274.00K	116.58M
Net Income	51.75M	9.31M	5.81M	18.38M	-19.19M	77.38M
Balance Sheet
Total Assets	1.26B	1.26B	1.27B	1.27B	1.27B	1.41B
Cash, Cash Equivalents and Short-Term Investments	470.86M	503.52M	471.48M	463.63M	437.07M	452.70M
Total Debt	67.69M	103.82M	117.58M	104.97M	81.91M	108.24M
Total Liabilities	231.40M	240.76M	235.00M	217.79M	206.71M	268.12M
Stockholders Equity	1.03B	1.02B	1.04B	1.05B	1.06B	1.14B
Cash Flow
Free Cash Flow	47.85M	76.27M	27.27M	36.37M	105.76M	-35.63M
Operating Cash Flow	54.15M	85.21M	38.86M	71.64M	117.63M	-22.29M
Investing Cash Flow	-6.23M	-9.21M	-24.62M	-35.63M	-11.68M	-12.77M
Financing Cash Flow	-54.12M	-44.52M	-16.65M	-9.44M	-121.59M	-38.75M

Yong Shun Chemical Co.,Ltd Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:4711 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:4767	64Neutral	TWD 890.62M	10.92	―	3.91%	-16.00%	59.32%
TW:2904	60Neutral	TWD 988.50M	24.87	―	5.56%	-14.80%	-60.95%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:1776	55Neutral	TWD 1.04B	19.29	―	3.42%	-14.61%	133.14%
TW:4711	49Neutral	TWD 973.84M	17.31	―	3.16%	12.14%	365.99%
TW:4304	45Neutral	TWD 1.05B	-45.10	―	―	-1.87%	80.46%
TW:1337	39Underperform	TWD 1.05B	-2.14	―	―	-13.60%	-6.67%

* General Sector Average

Performance Comparison

TW:4711 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:4711	Yong Shun Chemical Co.,Ltd	15.80	1.18	8.10%
TW:1337	Asia Plastic Recycling Holding Limited	3.92	-1.19	-23.29%
TW:1776	Headway Advanced Materials Inc.	17.55	2.91	19.88%
TW:2904	Prime Oil Chemical Service Corporation	12.60	-3.48	-21.63%
TW:4304	Sunvic Technology Co., Ltd.	17.00	-7.30	-30.04%
TW:4767	Cherng Tay Technology Co., Ltd.	28.10	1.32	4.92%

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

Yong Shun Chemical Co.,Ltd AI Stock Analysis