Johnson Chemical Pharmaceutical Works Co., Ltd. (4747) AI Stock Analysis

Johnson Chemical Pharmaceutical Works Co., Ltd.

(TPEx:4747)

Select Model

Rating:51Neutral

Price Target:TWD 21.50▲(49.83% Upside)

Action:initiatedcoverage

Date:11/10/26

The overall score is constrained by significant operational headwinds. The most impactful factor is the poor cash flow generation, with free cash flow nearly evaporating despite a revenue surge, signaling low earnings quality. This is compounded by bearish technicals, with the stock in a clear downtrend below all major moving averages. A strong, low-debt balance sheet and a reasonable valuation provide some defense, but do not fully offset the deteriorating fundamentals and weak market momentum.

Positive Factors

Strong Revenue GrowthRevenue accelerated 47.8% in 2025 after modest 2024 growth, showing stronger sales momentum. If sustained, this expansion can improve operating scale, support investment in pharmaceutical products, and reinforce the company’s position in specialty and generic markets.

Negative Factors

Sharp Free Cash Flow DeclineFree cash flow fell about 78% to roughly 7.7M in 2025, while covering only about 11% of net income versus 76–79% in 2023–2024. Weak conversion makes reported earnings less dependable for funding investment and shareholder returns over coming quarters.

Johnson Chemical Pharmaceutical Works Co., Ltd. (4747) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 1.32B
Dividend Yield: 3.66%
Average Volume (3M): 235.37K
Price to Earnings (P/E): -23.4
Beta (1Y): 0.19
Revenue Growth: 4.56%
EPS Growth: -172.55%
Country: TW
Employees: 188
Sector: General
Sector Strength: 55
Industry: Drug Manufacturers - Specialty & Generic

Johnson Chemical Pharmaceutical Works Co., Ltd. Business Overview & Revenue Model

Company Description

Johnson Chemical Pharmaceutical Works Co., Ltd., established in 1959 and headquartered in New Taipei City, Taiwan, is a Taiwanese company that engages in the manufacturing, importing, and distribution of pharmaceutical raw materials, active ingredien...

Johnson Chemical Pharmaceutical Works Co., Ltd. Financial Statement Overview

Summary

Financial performance is mixed. The balance sheet is strong with low leverage (D/E 0.15), but this is offset by declining margins, a weak cash conversion ratio (0.19), and a severe 78% drop in free cash flow to just 7.7M, indicating poor earnings quality.

Income Statement

55Neutral

Balance Sheet

72Positive

Cash Flow

35Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	577.93M	569.77M	611.41M	606.71M	494.67M	411.49M
Gross Profit	227.10M	228.35M	247.97M	244.63M	204.38M	171.92M
EBITDA	80.63M	93.67M	133.19M	126.59M	101.74M	78.30M
Net Income	89.38M	53.51M	84.12M	79.70M	64.85M	49.10M
Balance Sheet
Total Assets	2.56B	2.09B	1.97B	1.99B	1.04B	1.03B
Cash, Cash Equivalents and Short-Term Investments	261.73M	1.15B	1.07B	1.09B	168.47M	202.23M
Total Debt	645.00M	260.95M	150.22M	160.83M	60.00M	80.00M
Total Liabilities	820.26M	384.37M	261.36M	320.99M	167.56M	178.91M
Stockholders Equity	1.74B	1.71B	1.70B	1.67B	871.66M	848.24M
Cash Flow
Free Cash Flow	-40.87M	7.66M	49.68M	103.83M	29.98M	15.06M
Operating Cash Flow	24.29M	71.71M	62.88M	136.95M	89.69M	52.35M
Investing Cash Flow	-1.30B	-153.76M	-12.96M	-33.28M	-59.92M	-38.15M
Financing Cash Flow	444.87M	61.53M	-67.47M	815.47M	-63.53M	-107.64M

Johnson Chemical Pharmaceutical Works Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:4747 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:8279	69Neutral	TWD 2.19B	10.63	―	6.21%	-3.92%	-29.93%
TW:4148	60Neutral	TWD 1.98B	10.66	―	3.40%	21.39%	54.64%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:4747	51Neutral	TWD 1.44B	-23.41	―	3.66%	4.56%	-172.55%
TW:4108	47Neutral	TWD 2.07B	-47.97	―	―	1.10%	54.83%

* General Sector Average

Performance Comparison

TW:4747 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:4747	Johnson Chemical Pharmaceutical Works Co., Ltd.	14.35	-16.88	-54.05%
TW:4108	Phytohealth Corporation	10.30	-4.00	-27.97%
TW:4148	All Cosmos Bio-Tech Holding Corp.	29.40	-11.51	-28.13%
TW:6659	Timing Pharmaceutical Co. Ltd.	19.35	-20.61	-51.57%
TW:7888	Libo Pharma Corp.	24.30	-20.85	-46.18%
TW:8279	Syngen Biotech Co., Ltd.	80.50	-42.66	-34.64%

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

Johnson Chemical Pharmaceutical Works Co., Ltd. AI Stock Analysis