Dafeng TV Ltd. (6184) AI Stock Analysis

Dafeng TV Ltd.

(TWSE:6184)

Select Model

Rating:60Neutral

Price Target:TWD 40.00▲(7.96% Upside)

Action:initiatedcoverage

Date:11/10/26

Stable financials and strong dividend yield are the main positives, tempered by weak technical momentum.

Positive Factors

Steady Revenue GrowthSustained multi-year revenue growth indicates continuing demand for the company’s television and media services. The stronger 2025 step-up supports the view that the business can expand its revenue base and maintain operating scale over the next several quarters.

Negative Factors

Declining Net IncomeThe decline in net income and net margin shows that recent revenue growth has not translated fully into bottom-line improvement. If this pattern persists, it could weaken retained cash generation, reduce returns on capital, and limit the company’s ability to reinvest.

Dafeng TV Ltd. (6184) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 5.32B
Dividend Yield: 8.10%
Average Volume (3M): 115.33K
Price to Earnings (P/E): 15.8
Beta (1Y): 0.14
Revenue Growth: 0.53%
EPS Growth: -39.01%
Country: TW
Employees: 263
Sector: General
Sector Strength: 55
Industry: Broadcasting

Dafeng TV Ltd. Business Overview & Revenue Model

Company Description

Headquartered in New Taipei City, Taiwan, Dafeng TV Ltd. offers both digital and conventional cable television services. Founded in 1996, the company adopted its current name in December 2009, having previously operated as Dah Fung CATV Co. Ltd.

Dafeng TV Ltd. Financial Statement Overview

Summary

Modest revenue growth and stable balance sheet offset by net margin compression and volatile cash flows.

Income Statement

62Positive

Balance Sheet

68Positive

Cash Flow

50Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.18B	2.16B	2.12B	2.07B	2.01B	2.01B
Gross Profit	1.16B	1.14B	1.10B	1.03B	1.03B	975.64M
EBITDA	1.00B	1.02B	1.12B	1.09B	1.06B	1.05B
Net Income	434.48M	411.63M	531.90M	521.55M	515.75M	520.42M
Balance Sheet
Total Assets	9.08B	9.21B	7.29B	6.79B	7.79B	7.58B
Cash, Cash Equivalents and Short-Term Investments	3.25B	3.56B	1.86B	1.43B	2.45B	2.22B
Total Debt	1.81B	2.39B	1.75B	1.50B	2.30B	2.50B
Total Liabilities	3.28B	3.28B	2.65B	2.30B	3.38B	3.24B
Stockholders Equity	4.73B	4.92B	4.64B	4.49B	4.41B	4.34B
Cash Flow
Free Cash Flow	394.80M	446.16M	571.65M	214.46M	883.36M	258.95M
Operating Cash Flow	669.17M	717.15M	1.05B	621.73M	1.21B	547.29M
Investing Cash Flow	-234.76M	-139.37M	-675.16M	-402.07M	-328.82M	-788.32M
Financing Cash Flow	368.28M	824.58M	-145.61M	-1.24B	-648.56M	-49.98M

Dafeng TV Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6184 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:5283	63Neutral	TWD 4.91B	7.89	―	0.77%	-4.68%	12.64%
TW:6184	60Neutral	TWD 5.57B	15.75	―	8.10%	0.53%	-39.01%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:2614	55Neutral	TWD 6.02B	6.44	―	3.03%	-3.56%	36.37%
TW:6281	52Neutral	TWD 4.93B	13.30	―	6.65%	-4.84%	-10.17%
TW:3558	45Neutral	TWD 6.20B	50.48	―	2.90%	-3.32%	-69.25%
TW:3062	43Neutral	TWD 6.39B	-9.39	―	―	-1.21%	-212.49%

* General Sector Average

Performance Comparison

TW:6184 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6184	Dafeng TV Ltd.	37.05	-7.79	-17.37%
TW:2614	Eastern Media International Corporation	13.20	-5.19	-28.21%
TW:3062	CyberTAN Technology, Inc.	18.60	-6.75	-26.63%
TW:3558	Senao Networks, Inc.	103.50	-26.92	-20.64%
TW:5283	Heran Co. Ltd.	48.35	-4.05	-7.73%
TW:6281	E-Life Corporation	49.60	-12.61	-20.27%

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

Dafeng TV Ltd. AI Stock Analysis