Kwan's International Co., Ltd. (6101) AI Stock Analysis

Kwan's International Co., Ltd.

(TPEx:6101)

Select Model

Rating:40Underperform

Price Target:TWD 35.00▼(-7.65% Downside)

Action:initiatedcoverage

Date:11/10/26

The overall score of 40 reflects a company in significant operational distress, propped up only by a strong balance sheet. The most significant factors are the extremely weak and cash-burning operations, which are the primary driver of the low score. This is compounded by a bearish technical trend and an expensive valuation relative to the company's poor earnings quality. The debt-free balance sheet is the sole strength, providing a buffer against immediate financial collapse but not enough to offset the fundamental risks.

Positive Factors

Strong Balance SheetVery low leverage and a sizable equity cushion provide resilience through earnings volatility. This reduces balance-sheet pressure, preserves borrowing capacity, and gives the company more flexibility to fund operations or respond to weaker trading conditions over the next several quarters.

Negative Factors

Sharp Profitability DeteriorationThe move into a net loss and slightly negative operating profit shows that recent revenue has not translated into durable earnings. Continued weak profitability could reduce internal funding capacity, delay reinvestment, and make the company more vulnerable to further operating setbacks.

Kwan's International Co., Ltd. (6101) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 4.41B
Dividend Yield: ―
Average Volume (3M): 191.30K
Price to Earnings (P/E): 27.9
Beta (1Y): 0.11
Revenue Growth: 101.67%
EPS Growth: ―
Country: TW
Employees: 80
Sector: General
Sector Strength: 55
Industry: Hardware, Equipment & Parts

Kwan's International Co., Ltd. Business Overview & Revenue Model

Company Description

Kwan's International Co., Ltd., along with its affiliated businesses, primarily operates within the film and television cultural sector. Its extensive range of activities includes the wholesale and retail of cultural, educational, and musical instrum...

Kwan's International Co., Ltd. Financial Statement Overview

Summary

Financial performance is critically weak. The income statement shows volatile revenue and a collapse in gross margins to 5.7%, leading to inconsistent profitability and a recent net loss. Cash flow is deeply concerning, with persistent negative free cash flow and poor cash conversion. The only mitigating factor is a fortress-like balance sheet with negligible debt, which prevents a lower score but cannot offset the severe operational distress and value destruction.

Income Statement

18Very Negative

Balance Sheet

72Positive

Cash Flow

15Very Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.49B	999.77M	699.09M	672.29M	55.98M	19.28M
Gross Profit	172.32M	57.36M	77.75M	123.87M	1.73M	5.10M
EBITDA	125.14M	35.05M	51.15M	88.77M	-36.81M	-62.58M
Net Income	156.28M	-21.41M	31.86M	62.53M	-39.72M	-71.67M
Balance Sheet
Total Assets	1.99B	1.39B	1.24B	1.19B	1.16B	1.14B
Cash, Cash Equivalents and Short-Term Investments	962.38M	309.93M	259.81M	372.06M	545.97M	657.14M
Total Debt	331.44M	54.76M	130.00K	162.00K	193.00K	61.00K
Total Liabilities	629.11M	262.05M	92.67M	60.39M	91.71M	61.53M
Stockholders Equity	1.37B	1.13B	1.15B	1.13B	1.07B	1.08B
Cash Flow
Free Cash Flow	184.74M	-10.55M	-125.78M	-96.85M	-147.77M	-48.58M
Operating Cash Flow	194.35M	9.49M	-122.22M	-79.59M	-63.79M	-46.96M
Investing Cash Flow	-33.82M	-7.90M	302.16M	25.69M	-79.50M	146.96M
Financing Cash Flow	472.24M	60.05M	-19.26M	91.00K	-34.00K	-286.00K

Kwan's International Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6101 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:7738	77Outperform	TWD 4.27B	12.06	―	6.41%	―	―
TW:6625	68Neutral	TWD 4.04B	6.71	―	7.19%	19.35%	5.36%
TW:6486	67Neutral	TWD 4.22B	9.31	―	7.26%	71.13%	74.02%
TW:3546	66Neutral	TWD 4.51B	15.46	―	2.70%	29.99%	67.81%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:6101	40Underperform	TWD 4.33B	27.87	―	―	101.67%	―

* General Sector Average

Performance Comparison

TW:6101 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6101	Kwan's International Co., Ltd.	37.90	0.00	0.00%
TW:3546	Userjoy Technology Co., Ltd.	74.20	5.51	8.01%
TW:6486	Interactive Digital Technologies Inc	82.70	13.09	18.81%
TW:6625	B'In Live Co., Ltd.	69.50	-11.70	-14.41%
TW:6950	KKCompany Technologies Inc	20.90	-7.25	-25.75%
TW:7738	Eastern Union Interactive Corp.	156.00	-32.10	-17.07%

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 10, 2026

Kwan's International Co., Ltd. AI Stock Analysis