Kinko Optical Co. Ltd. AI Stock Analysis
Kinko Optical Co. Ltd. (6209) AI Stock Analysis
Kinko Optical Co. Ltd.
(TWSE:6209)
Kinko Optical scores in the below-average range. The fundamental picture is mixed-to-fair: a low-leverage balance sheet and a decisive profit inflection are encouraging, but a history of losses, slim returns on equity and three straight years of declining operating cash flow alongside negative free cash flow temper confidence in the recovery. Technicals are the main drag, with the share price well below all key moving averages and negative MACD momentum, though oversold RSI and stochastic readings suggest the selling may be stretched. Valuation adds little support, as a 30x P/E on one rebound year and a sub-1% dividend yield leave limited margin for disappointment.
Kinko Optical Co. Ltd. (6209) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 14.26B
- Dividend Yield
- 0.63%
- Average Volume (3M)
- 16.56M
- Price to Earnings (P/E)
- 33.3
- Beta (1Y)
- 1.27
- Revenue Growth
- 66.86%
- EPS Growth
- ―
- Country
- TW
- Employees
- 6,024
- Sector
- General
- Sector Strength
- 55
- Industry
- Hardware, Equipment & Parts
Kinko Optical Co. Ltd. Business Overview & Revenue Model
Company Description
Kinko Optical Co., Ltd., a company based in Taiwan, specializes in the conceptualization, advancement, and manufacturing of a wide array of optical elements and lenses. Their extensive product line includes sophisticated digital single-lens reflex (D...
Kinko Optical Co. Ltd. Financial Statement Overview
Summary
A genuine turnaround year — revenue up about 51% to NT$3.65 billion, gross margin more than doubling to 19.4%, and a swing from a NT$130 million loss to NT$161 million of net income — sits on a conservative balance sheet (debt-to-equity of 0.21, equity funding roughly 64% of assets). Offsetting this are losses in four of the prior five years, a modest ~5% return on equity, and the weakest pillar, cash flow: operating cash flow has declined three years running to NT$267 million while free cash flow turned negative at NT$279 million on a heavy, partly debt-funded capex cycle. Solid financial footing, but the earnings and cash recovery still needs confirmation.
Income Statement
61PositiveBalance Sheet
73PositiveCash Flow
44Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 4.55B | 3.65B | 2.42B | 2.70B | 3.58B | 3.61B |
| Gross Profit | 1.13B | 706.85M | 194.67M | 194.54M | 314.50M | 201.58M |
| EBITDA | 748.07M | 454.02M | 186.65M | 224.08M | 375.01M | 135.66M |
| Net Income | 417.30M | 160.83M | -130.22M | -49.79M | 64.94M | -150.46M |
Balance Sheet | ||||||
| Total Assets | 5.47B | 4.91B | 3.90B | 4.11B | 4.58B | 4.62B |
| Cash, Cash Equivalents and Short-Term Investments | 692.10M | 634.80M | 830.27M | 1.01B | 611.05M | 450.69M |
| Total Debt | 465.88M | 674.64M | 363.93M | 615.13M | 664.86M | 664.33M |
| Total Liabilities | 1.78B | 1.76B | 999.10M | 1.07B | 1.35B | 1.44B |
| Stockholders Equity | 3.69B | 3.15B | 2.90B | 3.04B | 3.23B | 3.19B |
Cash Flow | ||||||
| Free Cash Flow | -323.85M | -279.26M | 130.04M | 256.49M | 312.94M | -431.78M |
| Operating Cash Flow | 291.19M | 267.30M | 338.14M | 420.70M | 494.77M | -247.69M |
| Investing Cash Flow | -641.73M | -568.70M | -78.85M | -210.90M | -80.52M | 132.70M |
| Financing Cash Flow | 265.42M | 299.06M | -346.96M | -165.57M | -95.88M | 165.13M |
Kinko Optical Co. Ltd. Peers Comparison
Overall Rating
TW:490859Neutral- TW:620952Neutral
TW:354545Neutral
TW:304844Neutral
TW:233840Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:4908 | 59Neutral | TWD 13.26B | 72.71 | ― | 0.57% | 4.39% | 9.57% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:6209 | 52Neutral | TWD 13.55B | 33.30 | ― | 0.63% | 66.86% | ― |
| TW:3545 | 45Neutral | TWD 10.24B | -9.02 | ― | 1.79% | -20.71% | -280.66% |
| TW:3048 | 44Neutral | TWD 11.55B | 9.53 | ― | 2.20% | 11.09% | ― |
| TW:2338 | 40Underperform | TWD 12.68B | -30.27 | ― | ― | -15.28% | 82.42% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:6209 | Kinko Optical Co. Ltd. | 78.50 | 30.15 | 62.34% | |
| TW:2338 | Taiwan Mask Corp. | 39.05 | 3.40 | 9.54% | |
| TW:3048 | Edom Technology Co., Ltd. | 45.45 | 7.35 | 19.29% | |
| TW:3545 | FocalTech Systems Co., Ltd. | 45.55 | -8.55 | -15.81% | |
| TW:4908 | APAC Opto Electronics Inc. | 175.50 | 99.20 | 130.03% | |
| TW:7932 | e-Ray Technology Co., Ltd. | 201.50 | -193.50 | -48.99% |
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