Tait Marketing & Distribution Co., Ltd. (5902) AI Stock Analysis

Tait Marketing & Distribution Co., Ltd.

(TPEx:5902)

Select Model

Rating:74Outperform

Price Target:TWD 37.00▲(8.98% Upside)

Action:initiatedcoverage

Date:11/10/26

Robust financial stability from an exceptionally strong balance sheet and consistent profitability, combined with attractive valuation via reasonable P/E and high dividend yield, are the primary positive drivers; current bearish technical signals from price action and MACD provide a partial offset.

Positive Factors

Resilient ProfitabilitySustained gross and net margins indicate that the distribution model retains meaningful profitability despite changing revenue levels. Improving net margin supports internal funding, gives management room to absorb moderate pressure, and suggests operating discipline can remain durable over the next several quarters.

Negative Factors

2025 Revenue DeclineThe sharp 2025 revenue contraction indicates that demand or distribution activity can weaken materially even while profitability holds up. If the lower sales base persists, it could constrain absolute profit growth, reduce scale benefits, and make future earnings expansion more dependent on margin gains.

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

Strong financial performance with an outstanding balance sheet (score 94) featuring minimal debt-to-equity of 0.026, steady revenue growth to 2.29 billion and stable margins in the income statement (score 81), supported by reliable cash flows (score 76).

Income Statement

81Very Positive

Balance Sheet

94Very Positive

Cash Flow

76Positive

Financial statement breakdown
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

UnderperformOutperform

Sector (55)

Financial Indicators

TW:5902 against its peers
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:5902	74Outperform	TWD 3.19B	15.41	―	4.86%	0.07%	3.67%
TW:1730	71Outperform	TWD 3.19B	10.48	―	5.95%	1.66%	8.74%
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

TW:5902 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:5902	Tait Marketing & Distribution Co., Ltd.	33.95	-9.02	-20.98%
TW:1260	Flavor Full Foods, Inc.	32.75	16.37	99.96%
TW:1730	Farcent Enterprise Co., Ltd.	50.40	0.67	1.34%
TW:2732	La Kaffa International Co., Ltd.	59.80	-7.92	-11.70%
TW:2754	Kura Sushi Asia Co., Ltd.	61.00	-25.20	-29.23%
TW:6703	Shiny Brands Group Co., Ltd.	94.50	0.67	0.71%

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

Tait Marketing & Distribution Co., Ltd. AI Stock Analysis