Taiwan Name Plate Co., Ltd. (6593) AI Stock Analysis

Taiwan Name Plate Co., Ltd.

(TPEx:6593)

Select Model

Rating:40.3Neutral

Price Target:TWD 29.00▼(-8.95% Downside)

Action:initiatedcoverage

Date:11/10/26

The score is mainly constrained by sharply deteriorating profitability and negative cash flow. The very strong, conservatively financed balance sheet provides meaningful support, but bearish technical trends and a negative P/E indicate weak near-term and fundamental risk-adjusted prospects.

Positive Factors

Conservative Balance SheetExtremely low leverage and a large equity cushion reduce balance-sheet strain, preserve borrowing capacity, and give the company flexibility to withstand operating weakness or fund customer and product initiatives without relying heavily on debt.

Negative Factors

Sharp Profitability DeteriorationProfitability deteriorated sharply in 2025: revenue fell to 418.0M, net margin moved from 1.5% in 2024 to -13.8%, and EBIT and EBITDA margins were negative. This weakens internal funding, reduces resilience, and makes near-term earnings recovery more important.

Taiwan Name Plate Co., Ltd. (6593) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 984.37M
Dividend Yield: 1.42%
Average Volume (3M): 36.55K
Price to Earnings (P/E): -11.9
Beta (1Y): 0.38
Revenue Growth: -0.05%
EPS Growth: -20.36%
Country: TW
Employees: 220
Sector: General
Sector Strength: 55
Industry: Business Equipment & Supplies

Taiwan Name Plate Co., Ltd. Business Overview & Revenue Model

Company Description

Taiwan Name Plate Co., Ltd. specializes in the manufacturing and bespoke customization of various cards and nameplates. Its diverse product range encompasses a wide array of cards, including dual-interface, contactless, and contact-only IC cards, alo...

Taiwan Name Plate Co., Ltd. Financial Statement Overview

Summary

Weak overall financial performance: severe deterioration in revenue, profitability, operating cash flow, and free cash flow is only partly offset by a strong, low-debt balance sheet.

Income Statement

15Very Negative

Balance Sheet

88Very Positive

Cash Flow

12Very Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	421.18M	418.00M	628.69M	668.28M	519.72M	570.76M
Gross Profit	80.97M	80.11M	160.08M	200.70M	109.23M	142.32M
EBITDA	-55.54M	-35.60M	48.87M	93.63M	38.02M	54.37M
Net Income	-81.51M	-57.55M	9.59M	45.24M	2.49M	16.62M
Balance Sheet
Total Assets	1.01B	988.14M	965.45M	1.01B	923.93M	889.25M
Cash, Cash Equivalents and Short-Term Investments	248.50M	246.47M	217.84M	183.48M	193.89M	115.27M
Total Debt	55.47M	5.69M	152.20M	142.25M	284.24M	245.85M
Total Liabilities	155.18M	91.35M	267.74M	304.58M	404.25M	415.30M
Stockholders Equity	853.94M	894.24M	695.41M	702.60M	519.68M	473.95M
Cash Flow
Free Cash Flow	-94.46M	-29.13M	67.42M	-3.81M	10.14M	53.03M
Operating Cash Flow	-30.02M	-5.50M	81.87M	26.45M	32.70M	80.45M
Investing Cash Flow	-93.18M	-105.65M	-23.62M	-20.27M	-4.32M	-37.06M
Financing Cash Flow	156.18M	105.72M	-27.45M	-11.32M	69.49M	-30.68M

Taiwan Name Plate Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6593 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:8410	64Neutral	TWD 843.38M	5.24	―	6.97%	-17.97%	34.57%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:6158	44Neutral	TWD 875.22M	-9.60	―	6.24%	-0.14%	-286.70%
TW:6593	40Neutral	TWD 981.30M	-11.94	―	1.42%	-0.05%	-20.36%
TW:8421	38Underperform	TWD 853.77M	30.81	―	―	10.54%	―
TW:8906	38Underperform	TWD 1.05B	-33.52	―	0.40%	-5.45%	-15.54%

* General Sector Average

Performance Comparison

TW:6593 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6593	Taiwan Name Plate Co., Ltd.	31.85	-8.80	-21.65%
TW:3184	MicroBase Technology Corp.	13.65	1.45	11.92%
TW:6158	P-Two Industries Inc.	16.50	-5.75	-25.84%
TW:8410	Sentien Printing Factory Co., Ltd.	22.95	-12.11	-34.53%
TW:8421	Xu Yuan Packaging Technology Co., Ltd.	14.00	1.92	15.87%
TW:8906	Forward Graphic Enterprise Co., Ltd.	25.55	-3.70	-12.65%

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

Taiwan Name Plate Co., Ltd. AI Stock Analysis