Double Bond Chemical Ind., Co., Ltd. (4764) AI Stock Analysis

Double Bond Chemical Ind., Co., Ltd.

(TWSE:4764)

Select Model

Rating:59Neutral

Price Target:TWD 118.00▼(-9.92% Downside)

Action:initiatedcoverage

Date:11/10/26

Solid financial recovery with strong cash generation is the primary positive driver, offset by weak technical momentum from price action below moving averages and negative MACD.

Positive Factors

Revenue and Profit RecoveryThe 2025 recovery shows renewed demand and improved operating performance across the specialty chemicals business. If revenue growth and profitability improvements persist, the company can rebuild earnings power and strengthen its ability to fund operations and strategic investment.

Negative Factors

Thin Profit MarginsThin margins leave relatively little protection against operating cost increases or weaker pricing and demand. Even with strong revenue growth, modest conversion of sales into profit can constrain cash accumulation and make future earnings more sensitive to changes in the business cycle.

Double Bond Chemical Ind., Co., Ltd. (4764) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 11.85B
Dividend Yield: 0.76%
Average Volume (3M): 1.26M
Price to Earnings (P/E): 42.7
Beta (1Y): 1.83
Revenue Growth: 17.96%
EPS Growth: 211.40%
Country: TW
Employees: 384
Sector: General
Sector Strength: 55
Industry: Chemicals - Specialty

Double Bond Chemical Ind., Co., Ltd. Business Overview & Revenue Model

Company Description

Double Bond Chemical Ind. Co., Ltd., founded in 1994 and headquartered in New Taipei City, Taiwan, specializes in the global manufacturing and supply of fine chemicals. The company primarily targets the polymer and UV-coating industries. Its comprehe...

Double Bond Chemical Ind., Co., Ltd. Financial Statement Overview

Summary

Recovery evident with revenue rebound, gross margins expanded to 19%, return to net income of 104 million, and strong cash flows reaching 386 million operating and 356 million free cash flow.

Income Statement

72Positive

Balance Sheet

68Positive

Cash Flow

85Very Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.22B	2.85B	2.70B	2.23B	2.81B	3.06B
Gross Profit	743.11M	542.57M	368.48M	256.18M	413.73M	537.84M
EBITDA	490.52M	299.12M	186.81M	72.08M	147.74M	216.89M
Net Income	265.51M	104.54M	-37.29M	-85.91M	60.36M	106.87M
Balance Sheet
Total Assets	5.40B	4.78B	4.87B	4.54B	4.79B	4.81B
Cash, Cash Equivalents and Short-Term Investments	1.57B	1.45B	1.34B	1.20B	1.21B	1.14B
Total Debt	2.30B	2.01B	2.26B	2.04B	1.94B	2.07B
Total Liabilities	2.85B	2.43B	2.67B	2.37B	2.45B	2.53B
Stockholders Equity	2.55B	2.34B	2.19B	2.17B	2.34B	2.28B
Cash Flow
Free Cash Flow	275.00M	355.96M	-22.98M	84.09M	10.51M	-247.99M
Operating Cash Flow	298.77M	385.72M	3.69M	141.04M	151.77M	41.19M
Investing Cash Flow	-529.32M	-279.94M	-114.77M	-56.76M	-120.75M	-293.92M
Financing Cash Flow	-116.76M	-248.09M	132.76M	-70.00M	15.43M	60.90M

Double Bond Chemical Ind., Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:4764 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:6509	69Neutral	TWD 9.02B	12.96	―	3.23%	2.00%	57.23%
TW:1307	65Neutral	TWD 11.38B	8.46	―	7.76%	4.29%	-2.73%
TW:4764	59Neutral	TWD 11.49B	42.72	―	0.76%	17.96%	211.40%
TW:4755	58Neutral	TWD 12.34B	27.45	―	3.05%	-11.09%	37.46%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:4707	45Neutral	TWD 11.15B	21.39	―	0.92%	-9.16%	67.21%
TW:1727	39Underperform	TWD 11.75B	121.53	―	0.18%	20.16%	962.24%

* General Sector Average

Performance Comparison

TW:4764 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:4764	Double Bond Chemical Ind., Co., Ltd.	131.00	63.18	93.16%
TW:1307	San Fang Chemical Industry Co., Ltd.	28.35	-3.47	-10.89%
TW:1727	Chung Hwa Chemical Industrial Works Ltd.	84.10	47.51	129.83%
TW:4707	Pan Asia Chemical Corp.	27.30	17.85	188.80%
TW:4755	San Fu Chemical Co., Ltd.	121.50	17.34	16.65%
TW:6509	Taiwan Hopax Chemicals Manufacturing Co. Ltd.	43.20	10.94	33.93%

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

Double Bond Chemical Ind., Co., Ltd. AI Stock Analysis