Buima Group, Inc. (5543) AI Stock Analysis

Buima Group, Inc.

(TPEx:5543)

Select Model

Rating:37Underperform

Price Target:TWD 24.00▼(-3.03% Downside)

Action:initiatedcoverage

Date:11/09/26

Buima Group scores at the low end of the range, driven primarily by fragile financials: four straight years of losses, falling revenue, halved gross margins, and a heavily geared balance sheet with debt-to-equity near 3.8x and a shrinking equity cushion. Encouragingly, losses narrowed sharply, EBITDA and operating cash flow turned positive, and debt has been cut roughly 25% since 2022 — but free cash flow is still negative and the business has yet to return to operating profit. Technicals reinforce caution, with the price below its 50-, 100- and 200-day averages and negative MACD, despite a modest short-term stabilisation above the 20-day line. Valuation provides no offset, as a ~19.5x P/E on depressed earnings and no dividend leave little margin of safety. Evidence of sustained revenue stabilisation, margin recovery and positive free cash flow would be needed to justify a materially higher score.

Positive Factors

2025 Earnings StabilizationThe narrower 2025 loss and rebound in EBITDA margin indicate some operational stabilization after weaker results. If sustained, improved earnings conversion could support reinvestment and reduce pressure on the capital structure, although the company remains loss-making.

Negative Factors

Persistent LossesRepeated net losses and several years of negative operating profit show that the core business has not consistently covered its operating costs. This weak earnings foundation can limit reinvestment, erode equity, and make future performance more dependent on financial support.

Buima Group, Inc. (5543) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 1.16B
Dividend Yield: ―
Average Volume (3M): 22.55K
Price to Earnings (P/E): 17.9
Beta (1Y): 0.01
Revenue Growth: -0.37%
EPS Growth: ―
Country: TW
Employees: 406
Sector: General
Sector Strength: 55
Industry: Construction Materials

Buima Group, Inc. Business Overview & Revenue Model

Company Description

Buima Group Inc., established in 2009 with its headquarters in Taipei, Taiwan, is a company dedicated to the complete lifecycle of building materials. Its activities encompass initial research, design, development, manufacturing, and global distribut...

Buima Group, Inc. Financial Statement Overview

Summary

Fundamentals are weak across all three statements. Revenue has contracted to roughly NT$3.04 billion (down ~11% and well below the 2022 peak), gross margin has halved from ~28% in 2020 to ~14%, and the company has posted four consecutive annual net losses with the core business still at an operating loss. The balance sheet is the biggest risk: debt of ~NT$1.57 billion against equity of only ~NT$412 million puts debt-to-equity near 3.8x, with accumulated losses nearly halving the capital base since 2021 and ROE at about -28%. Cash flow offers the clearest improvement — operating cash flow swung to a ~NT$109 million inflow and EBITDA turned clearly positive at ~NT$85 million — but free cash flow remains negative at about -NT$43 million, extending a long run of cash burn. Debt reduction of roughly a quarter since 2022 and a sharply narrower net loss show the trend is improving, yet the thin equity cushion and absence of operating profitability keep the score low.

Income Statement

24Negative

Balance Sheet

23Negative

Cash Flow

33Negative

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.15B	3.04B	3.40B	3.27B	3.56B	2.72B
Gross Profit	473.06M	434.69M	495.38M	383.59M	463.68M	567.10M
EBITDA	120.88M	85.15M	11.89M	63.68M	190.52M	312.94M
Net Income	84.28M	-114.58M	-231.07M	-99.04M	-60.96M	118.22M
Balance Sheet
Total Assets	3.29B	3.57B	3.52B	4.01B	4.10B	3.72B
Cash, Cash Equivalents and Short-Term Investments	648.14M	506.54M	461.14M	795.46M	803.67M	575.85M
Total Debt	1.19B	1.57B	1.71B	2.03B	2.16B	1.65B
Total Liabilities	1.90B	2.48B	2.50B	2.81B	2.76B	2.37B
Stockholders Equity	500.13M	411.54M	421.22M	620.26M	696.22M	810.13M
Cash Flow
Free Cash Flow	-84.30M	-43.18M	-222.96M	165.68M	-74.12M	-165.47M
Operating Cash Flow	1.67M	108.92M	-33.26M	316.28M	55.41M	-94.85M
Investing Cash Flow	128.81M	-47.21M	-9.55M	-215.91M	-272.03M	-87.89M
Financing Cash Flow	105.70M	-15.57M	-239.41M	21.70M	179.16M	392.19M

Buima Group, Inc. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:5543 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:5548	68Neutral	TWD 1.25B	10.40	―	4.82%	11.28%	2.68%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:9929	54Neutral	TWD 1.10B	22.08	―	―	4.36%	―
TW:9902	51Neutral	TWD 1.31B	19.70	―	2.25%	63.00%	1800.55%
TW:6219	45Neutral	TWD 1.29B	11.01	―	6.44%	9.98%	-32.64%
TW:1453	38Underperform	TWD 1.21B	15.43	―	―	4.78%	―
TW:5543	37Underperform	TWD 1.21B	17.93	―	―	-0.37%	―

* General Sector Average

Performance Comparison

TW:5543 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:5543	Buima Group, Inc.	24.75	-3.75	-13.16%
TW:1453	Ta Jiang Co., Ltd.	10.40	-1.59	-13.26%
TW:5548	Ancang Construction Co., Ltd	20.50	1.57	8.28%
TW:6219	Full Wang International Development Co. Ltd.	10.40	-9.55	-47.87%
TW:9902	Tidehold Development Co., Ltd.	13.30	-3.90	-22.67%
TW:9929	Choice Development, Inc.	10.90	0.45	4.31%

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

Buima Group, Inc. AI Stock Analysis