Glotech Industrial Corp (5475) AI Stock Analysis

Glotech Industrial Corp

(TPEx:5475)

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Rating:42Neutral

Price Target:TWD 163.00▼(-22.75% Downside)

Action:initiatedcoverage

Date:11/10/26

The overall score is 42, reflecting a high-risk profile. The most significant factors are the company's fragile financial health, characterized by persistent cash burn and high leverage, and a bearish technical trend with the stock trading below all major moving averages. The extreme P/E ratio further detracts from the score, as it is unsupported by fundamentals. The recent revenue recovery is a positive signal but is insufficient to offset the substantial risks.

Positive Factors

Revenue ReboundThe 2025 revenue rebound indicates that demand or commercial execution improved materially after several weaker years. If maintained, stronger sales can provide operating scale, support fixed-cost absorption, and create a foundation for restoring consistent profitability over the next several quarters.

Negative Factors

Persistent Cash BurnNegative operating cash flow shows that the improved accounting results have not yet translated into internally generated cash. Deeply negative free cash flow can pressure liquidity, increase reliance on external financing, and limit the company’s ability to invest or absorb further operating setbacks.

Glotech Industrial Corp (5475) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 26.82B
Dividend Yield: ―
Average Volume (3M): 5.99M
Price to Earnings (P/E): 163.1
Beta (1Y): 1.43
Revenue Growth: 151.38%
EPS Growth: ―
Country: TW
Employees: 194
Sector: General
Sector Strength: 55
Industry: Industrial - Machinery

Glotech Industrial Corp Business Overview & Revenue Model

Company Description

Glotech Industrial Corp., established in 1986 and headquartered in Yangmei, Taiwan, specializes in the worldwide manufacturing and distribution of e-glass fiber fabrics. The company's product portfolio features fiberglass fabrics and yarns, which are...

Glotech Industrial Corp Financial Statement Overview

Summary

Financial performance is weak. While revenue is recovering strongly and margins are improving, the company remains unprofitable with a net loss. The balance sheet is highly leveraged (D/E 1.30x) with negative ROE, and cash flow is a critical concern, marked by persistent negative operating and free cash flow that threatens liquidity.

Income Statement

28Negative

Balance Sheet

35Negative

Cash Flow

15Very Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.34B	875.93M	551.52M	539.01M	669.52M	1.96B
Gross Profit	381.28M	169.96M	15.33M	-60.93M	-96.67M	608.94M
EBITDA	221.11M	62.75M	-82.08M	-176.25M	-285.88M	548.11M
Net Income	164.22M	-20.69M	-172.30M	-212.70M	-344.85M	474.24M
Balance Sheet
Total Assets	2.97B	2.28B	1.97B	1.93B	2.19B	2.40B
Cash, Cash Equivalents and Short-Term Investments	363.39M	171.68M	225.25M	337.71M	521.64M	174.11M
Total Debt	1.45B	1.16B	856.61M	944.49M	854.82M	904.52M
Total Liabilities	1.89B	1.40B	1.07B	1.05B	1.07B	1.38B
Stockholders Equity	1.09B	892.11M	907.53M	889.09M	1.13B	1.02B
Cash Flow
Free Cash Flow	-295.11M	-230.20M	-188.31M	-261.82M	-20.87M	91.81M
Operating Cash Flow	-110.14M	-62.05M	-142.92M	-256.98M	5.14M	109.23M
Investing Cash Flow	-153.49M	-192.03M	24.45M	94.45M	55.45M	117.88M
Financing Cash Flow	324.71M	184.59M	54.49M	79.85M	45.60M	-138.68M

Glotech Industrial Corp Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:5475 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:2328	61Neutral	TWD 23.71B	1.23	―	1.90%	-5.73%	-79.41%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:2316	48Neutral	TWD 22.59B	7.65	―	1.65%	33.96%	31.27%
TW:2392	45Neutral	TWD 16.27B	4.59	―	2.80%	-10.50%	1834.43%
TW:2367	44Neutral	TWD 27.37B	-52.34	―	0.50%	-4.29%	-158.93%
TW:5475	42Neutral	TWD 24.41B	163.12	―	―	151.38%	―
TW:6269	38Underperform	TWD 24.02B	-12.03	―	―	0.61%	3.25%

* General Sector Average

Performance Comparison

TW:5475 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:5475	Glotech Industrial Corp	211.00	147.70	233.33%
TW:2316	WUS Printed Circuit Co. Ltd.	121.50	30.58	33.64%
TW:2328	Pan-International Industrial Corp.	47.40	-0.01	-0.02%
TW:2367	Unitech Printed Circuit Board Corp.	40.30	16.28	67.80%
TW:2392	Cheng Uei Precision Industry Co., Ltd.	35.70	-3.37	-8.62%
TW:6269	Flexium Interconnect, Inc.	80.50	29.30	57.23%

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

Glotech Industrial Corp AI Stock Analysis