Shuang-Bang Industrial Corp. (6506) AI Stock Analysis

Shuang-Bang Industrial Corp.

(TPEx:6506)

Select Model

Rating:65.5Neutral

Price Target:TWD 20.50▲(10.51% Upside)

Action:initiatedcoverage

Date:11/10/26

The overall score of 65.5 reflects a company in a solid recovery phase. The most significant positive factors are the attractive valuation, supported by a low P/E and high dividend yield, and the strong improvement in cash flow generation. Financial performance is stabilizing, though persistent revenue declines and thin margins are key risks. The technical trend is positive but lacks strong momentum, providing a neutral backdrop.

Positive Factors

Margin RecoveryThe recovery in gross, EBIT, and net margins shows that profitability has improved materially from the 2023 trough. If maintained, stronger margins can improve earnings resilience, support internal reinvestment, and provide a more durable base for future cash generation.

Negative Factors

Volatile Revenue GrowthThe return to revenue contraction indicates that improved profitability is not currently being supported by consistent top-line expansion. Uneven demand or business activity can limit operating leverage, make earnings less predictable, and reduce the durability of the current recovery over the medium term.

Shuang-Bang Industrial Corp. (6506) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 1.54B
Dividend Yield: 5.39%
Average Volume (3M): 101.09K
Price to Earnings (P/E): 12.4
Beta (1Y): 0.36
Revenue Growth: 7.40%
EPS Growth: 52.93%
Country: TW
Employees: 547
Sector: General
Sector Strength: 55
Industry: Chemicals - Specialty

Shuang-Bang Industrial Corp. Business Overview & Revenue Model

Company Description

Shuang-Bang Industrial Corp., based in Nantou City, Taiwan, is a company established in 1989. It specializes in the creation and production of polyurethane (PU) resins, particularly those used in footwear, as well as cross-linking agents for syntheti...

Shuang-Bang Industrial Corp. Financial Statement Overview

Summary

Financial recovery is underway with strong cash flow (Score 72) and a stable, deleveraging balance sheet (Score 65). Profitability is improving, but the income statement (Score 58) is held back by declining revenue and thin net margins. Overall, financial health is strengthening, though top-line stagnation is a concern.

Income Statement

58Neutral

Balance Sheet

65Positive

Cash Flow

72Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.99B	1.88B	1.91B	1.58B	2.19B	2.01B
Gross Profit	357.65M	289.23M	260.60M	123.16M	307.35M	277.22M
EBITDA	266.62M	232.78M	197.39M	79.47M	374.90M	202.64M
Net Income	126.94M	85.30M	61.43M	636.00K	263.74M	68.65M
Balance Sheet
Total Assets	2.71B	2.53B	2.52B	2.50B	2.47B	2.58B
Cash, Cash Equivalents and Short-Term Investments	176.06M	104.19M	121.17M	164.37M	135.44M	107.21M
Total Debt	895.03M	890.36M	912.05M	936.80M	693.54M	840.19M
Total Liabilities	1.40B	1.23B	1.25B	1.25B	1.10B	1.30B
Stockholders Equity	1.27B	1.27B	1.25B	1.22B	1.33B	1.21B
Cash Flow
Free Cash Flow	123.76M	86.78M	22.50M	-164.85M	-78.28M	-20.36M
Operating Cash Flow	217.07M	214.76M	176.11M	84.27M	161.03M	70.20M
Investing Cash Flow	-112.24M	-126.55M	-99.69M	-283.94M	217.77M	-75.01M
Financing Cash Flow	-80.44M	-105.24M	-77.10M	187.36M	-349.42M	-16.69M

Shuang-Bang Industrial Corp. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6506 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:1446	70Outperform	TWD 1.78B	16.75	―	11.63%	-65.85%	-72.33%
TW:1475	69Neutral	TWD 1.62B	6.31	―	6.11%	-8.82%	-0.81%
TW:6506	66Neutral	TWD 1.53B	12.45	―	5.39%	7.40%	52.93%
TW:1410	58Neutral	TWD 1.64B	34.64	―	0.79%	4.98%	-32.39%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:1466	46Neutral	TWD 1.61B	-57.80	―	1.38%	-16.29%	28.23%
TW:1454	36Underperform	TWD 1.48B	-12.66	―	0.84%	-16.18%	-29.64%

* General Sector Average

Performance Comparison

TW:6506 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6506	Shuang-Bang Industrial Corp.	18.55	3.89	26.56%
TW:1410	Nan Yang Dyeing & Finishing Co. Ltd.	25.25	-9.13	-26.55%
TW:1446	Hong Ho Precision Textile Co., Ltd.	12.90	-4.21	-24.62%
TW:1454	Taiwan Taffeta Fabric Co., Ltd	11.90	-1.24	-9.46%
TW:1466	Acelon Chemicals & Fiber Corporation.	14.45	-0.46	-3.09%
TW:1475	Big Sun Shine Co., Ltd.	24.55	-10.15	-29.25%

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

Shuang-Bang Industrial Corp. AI Stock Analysis