Tait Marketing & Distribution Co., Ltd. AI Stock Analysis
Tait Marketing & Distribution Co., Ltd. (5902) AI Stock Analysis
Tait Marketing & Distribution Co., Ltd.
(TPEx:5902)
Tait Marketing & Distribution scores above average, driven primarily by solid fundamentals: an essentially debt-free balance sheet, mid-teens return on equity, and consistently improving margins on modestly growing revenue. Supportive valuation adds to the case, with a moderate 14.9 P/E and a 5.0% dividend yield. Offsetting these strengths are two key risks: a sharp deterioration in cash conversion, where operating cash flow now covers only about half of reported earnings, and a weak technical setup, with the price trading below all major moving averages and negative MACD momentum, although deeply oversold RSI and Stochastic readings suggest selling may be nearing exhaustion.
Tait Marketing & Distribution Co., Ltd. (5902) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 3.18B
- Dividend Yield
- 4.86%
- Average Volume (3M)
- 63.76K
- Price to Earnings (P/E)
- 15.4
- Beta (1Y)
- 0.03
- Revenue Growth
- 0.07%
- EPS Growth
- 3.67%
- Country
- TW
- Employees
- 115
- Sector
- General
- Sector Strength
- 55
- Industry
- Food Distribution
Tait Marketing & Distribution Co., Ltd. Business Overview & Revenue Model
Company Description
Tait Marketing & Distribution Co., Ltd., together with its associated entities, functions as a leading importer and merchant of consumer goods throughout Taiwan. The company's extensive product range features a variety of beverages, including oolong...
Tait Marketing & Distribution Co., Ltd. Financial Statement Overview
Summary
A strong, conservatively financed distributor. The balance sheet (86) is the clear standout: debt-to-equity of just 0.03, equity funding ~72% of assets, and a healthy 16.1% TTM return on equity achieved without leverage. The income statement (74) shows steady revenue growth to ~NT$2.29B TTM with consistent margin expansion (gross margin up to 24.4%, net margin 9.1%), though growth has been uneven and earnings momentum has recently flattened. Cash flow (61) is the weak link: operating cash flow fell to NT$114M TTM from NT$216M, now covering only ~55% of net income, signaling working-capital pressure and weaker earnings conversion, partially offset by light capex and consistently positive free cash flow.
Income Statement
74PositiveBalance Sheet
86Very PositiveCash Flow
61Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.29B | 2.29B | 2.22B | 2.11B | 2.19B | 1.80B |
| Gross Profit | 558.30M | 547.47M | 524.14M | 474.33M | 489.06M | 414.37M |
| EBITDA | 265.53M | 276.74M | 274.35M | 240.72M | 251.66M | 206.95M |
| Net Income | 208.41M | 211.59M | 199.77M | 173.68M | 183.82M | 148.22M |
Balance Sheet | ||||||
| Total Assets | 1.81B | 1.72B | 1.69B | 1.54B | 1.56B | 1.46B |
| Cash, Cash Equivalents and Short-Term Investments | 360.78M | 783.18M | 535.81M | 363.13M | 460.51M | 345.64M |
| Total Debt | 33.64M | 9.09M | 17.98M | 20.08M | 29.39M | 39.27M |
| Total Liabilities | 512.80M | 431.38M | 450.10M | 360.38M | 413.07M | 388.60M |
| Stockholders Equity | 1.30B | 1.29B | 1.24B | 1.18B | 1.15B | 1.07B |
Cash Flow | ||||||
| Free Cash Flow | 108.53M | 214.81M | 292.87M | 218.98M | 236.72M | 91.05M |
| Operating Cash Flow | 113.89M | 216.17M | 297.31M | 224.73M | 241.94M | 93.34M |
| Investing Cash Flow | -106.17M | 195.97M | 25.47M | -135.76M | -5.21M | -102.29M |
| Financing Cash Flow | -155.12M | -164.82M | -150.51M | -146.03M | -122.16M | -8.94M |
Tait Marketing & Distribution Co., Ltd. Peers Comparison
Overall Rating
TW:670377Outperform
TW:173071Outperform- TW:590267Neutral
TW:275454Neutral
TW:273251Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:6703 | 77Outperform | TWD 3.44B | 8.36 | ― | 7.77% | 5.97% | 37.00% |
| TW:1730 | 71Outperform | TWD 3.19B | 10.48 | ― | 5.95% | 1.66% | 8.74% |
| TW:5902 | 67Neutral | TWD 3.19B | 15.41 | ― | 4.86% | 0.07% | 3.67% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:2754 | 54Neutral | TWD 2.89B | 15.31 | ― | 1.64% | 6.28% | 91.71% |
| TW:2732 | 51Neutral | TWD 2.79B | 17.20 | ― | 6.69% | 26.17% | 282.20% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:5902 | Tait Marketing & Distribution Co., Ltd. | 33.95 | -9.21 | -21.33% | |
| TW:1260 | Flavor Full Foods, Inc. | 32.75 | 15.95 | 94.95% | |
| TW:1730 | Farcent Enterprise Co., Ltd. | 50.40 | 0.29 | 0.58% | |
| TW:2732 | La Kaffa International Co., Ltd. | 59.80 | -9.24 | -13.38% | |
| TW:2754 | Kura Sushi Asia Co., Ltd. | 61.00 | -24.90 | -28.99% | |
| TW:6703 | Shiny Brands Group Co., Ltd. | 94.50 | -1.08 | -1.13% |
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