Cherng Tay Technology Co., Ltd. (4767) AI Stock Analysis

Cherng Tay Technology Co., Ltd.

(TPEx:4767)

Select Model

Rating:56Neutral

Price Target:TWD 29.00▲(3.76% Upside)

Action:initiatedcoverage

Date:11/10/26

The overall score is weighed down by significant operational headwinds, including a persistent decline in revenue and profitability, and weak near-term technical momentum. These major risks are partially offset by a strong, low-debt balance sheet, adequate cash flow generation, and an attractive valuation with a low P/E and high dividend yield.

Positive Factors

Conservative LeverageLow and improving leverage means the company relies primarily on equity rather than debt to fund its operations. This supports resilience during cyclical downturns, limits financing pressure, and preserves flexibility for investment or shareholder returns over the coming quarters.

Negative Factors

Revenue ContractionThe latest revenue decline signals weaker demand, pricing, or business activity and reduces operating leverage across the company. Continued top-line pressure could constrain reinvestment, make fixed costs harder to absorb, and delay a durable recovery in earnings.

Cherng Tay Technology Co., Ltd. (4767) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 865.48M
Dividend Yield: 3.94%
Average Volume (3M): 22.65K
Price to Earnings (P/E): 10.9
Beta (1Y): 0.16
Revenue Growth: -14.01%
EPS Growth: 128.35%
Country: TW
Employees: 176
Sector: General
Sector Strength: 55
Industry: Chemicals - Specialty

Cherng Tay Technology Co., Ltd. Business Overview & Revenue Model

Company Description

Cherng Tay Technology Co., Ltd. specializes in the production and global distribution of various adhesive solutions. Its offerings encompass hot melt adhesives, tailored for uses such as packaging, bookbinding, general assembly, and footwear manufact...

Cherng Tay Technology Co., Ltd. Financial Statement Overview

Summary

Financial performance is mixed. The balance sheet is healthy with low leverage (D/E 0.21) and the cash flow is stable, but the income statement reveals a concerning trend of declining revenue and compressing margins, with net margin falling to 3.95%.

Income Statement

38Negative

Balance Sheet

72Positive

Cash Flow

65Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	929.90M	985.76M	1.19B	1.24B	1.41B	1.26B
Gross Profit	245.76M	221.88M	288.74M	288.83M	282.55M	305.35M
EBITDA	97.61M	60.47M	128.85M	117.63M	106.23M	131.21M
Net Income	80.60M	38.97M	88.61M	81.08M	67.87M	89.37M
Balance Sheet
Total Assets	1.37B	1.31B	1.42B	1.43B	1.40B	1.38B
Cash, Cash Equivalents and Short-Term Investments	588.29M	600.46M	524.22M	479.41M	313.11M	362.98M
Total Debt	195.57M	192.23M	204.30M	263.93M	265.65M	241.97M
Total Liabilities	398.20M	376.12M	466.19M	528.33M	529.77M	538.36M
Stockholders Equity	975.40M	935.80M	957.65M	897.34M	867.12M	839.08M
Cash Flow
Free Cash Flow	88.22M	150.68M	143.53M	218.88M	-26.80M	94.67M
Operating Cash Flow	89.47M	153.26M	161.63M	232.60M	-18.37M	99.75M
Investing Cash Flow	16.37M	-129.01M	-71.40M	-91.25M	36.52M	-15.64M
Financing Cash Flow	-88.75M	-68.60M	-114.05M	-42.57M	-38.77M	-75.53M

Cherng Tay Technology Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:4767 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:2904	60Neutral	TWD 980.71M	24.87	―	5.56%	-14.80%	-60.95%
TW:4767	56Neutral	TWD 882.76M	10.92	―	3.94%	-14.01%	128.35%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:4711	49Neutral	TWD 964.68M	17.20	―	3.18%	12.14%	365.99%
TW:4102	44Neutral	TWD 741.54M	-895.41	―	6.57%	7.67%	86.29%
TW:1324	43Neutral	TWD 696.38M	-22.02	―	2.16%	-12.03%	25.26%
TW:5488	43Neutral	TWD 966.23M	-321.94	―	0.53%	10.71%	-129.15%

* General Sector Average

Performance Comparison

TW:4767 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:4767	Cherng Tay Technology Co., Ltd.	27.95	0.97	3.61%
TW:1324	Globe Industries Corp. Ltd.	9.47	-1.28	-11.91%
TW:2904	Prime Oil Chemical Service Corporation	12.60	-3.67	-22.55%
TW:4102	Yung Zip Chemical Ind. Co., Ltd.	17.55	-4.90	-21.83%
TW:4711	Yong Shun Chemical Co.,Ltd	15.70	1.28	8.86%
TW:5488	Sunf Pu Technology Co. Ltd.	11.30	1.74	18.20%

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

Cherng Tay Technology Co., Ltd. AI Stock Analysis