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BioLASCO Taiwan Co. Ltd. (6662) AI Stock Analysis

TW:6662

BioLASCO Taiwan Co. Ltd.

(TPEx:6662)

Select Model
Rating:64Neutral
Price Target:TWD 30.00â–²(5.63% Upside)
Action:initiatedcoverage
Date:11/09/26

BioLASCO earns a moderate score. Its greatest strengths are a conservatively financed balance sheet (debt-to-equity of 0.20, equity funding ~77% of assets), consistent profitability with mid-teens net margins, and a high 5.46% dividend yield at a reasonable 17.75x earnings. These are offset by the main risk: stalled growth. Revenue declined in the latest year, gross and operating margins have compressed for several years, return on equity has fallen to single digits, and free cash flow has been erratic due to uneven capital spending. Technically, the stock is trading flat against all key moving averages with neutral RSI and slightly soft MACD momentum, offering no directional catalyst. Overall, this is a stable, income-oriented small-cap whose key challenge is reigniting revenue growth and restoring margin momentum.

Positive Factors
Stable ProfitabilitySustained gross margins near 39% and a mid-teens net margin show that BioLASCO remains meaningfully profitable across recent periods. This provides an earnings base to support ongoing operations and customer service while offering some resilience as revenue conditions fluctuate.
Negative Factors
Revenue ContractionThe 2025 revenue decline interrupts the prior growth pattern and indicates that demand or customer activity has weakened recently. If the softer top line persists, it could limit operating leverage, reduce reinvestment capacity, and make sustained earnings expansion more difficult.

BioLASCO Taiwan Co. Ltd. (6662) vs. SPDR S&P 500 ETF (SPY)

-10%-5%0%5%10%15%20%TW:6662-4.05%SPY+14.28%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
TWD 727.38M
Dividend Yield
5.46%
Average Volume (3M)
4,415
Price to Earnings (P/E)
17.8
Beta (1Y)
-0.03
Revenue Growth
-8.71%
EPS Growth
-16.08%
Country
TW
Employees
91
Sector
General
Sector Strength
55
Industry
Biotechnology

BioLASCO Taiwan Co. Ltd. Business Overview & Revenue Model

Company Description

BioLASCO Taiwan Co., Ltd., established in Taipei in 1990, operates as an international supplier of bio-materials and surgical support services. The company specializes in breeding and producing Specific Pathogen-Free (SPF) laboratory rodents, encompa...

BioLASCO Taiwan Co. Ltd. Financial Statement Overview

Summary

A financially sound but low-growth profile. The balance sheet is the standout (score 78): debt-to-equity of just 0.20, equity funding ~77% of assets, and capital spending funded internally. The income statement is weaker (score 60): revenue fell to NT$262.7m from NT$292.5m, reversing two years of double-digit growth, while gross margin has eroded from 46.2% in 2021 to 38.7% and operating margin has compressed since 2020. Cash flow is reliable but lumpy (score 65): operating cash flow of NT$48.7m exceeds net income of NT$42.4m, confirming good earnings quality, but it has declined year over year and free cash flow of NT$27.1m converts only ~56% of net income. Return on equity has slipped to 9.3% from 13.4% in 2020, indicating the large equity base is not being deployed into high-return growth.

Income Statement

60Neutral

Balance Sheet

78Positive

Cash Flow

65Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue258.04M262.66M292.50M264.72M235.91M227.58M
Gross Profit100.51M101.62M114.76M104.35M104.49M105.11M
EBITDA57.67M59.58M67.64M73.86M59.50M67.34M
Net Income40.89M42.43M44.03M49.74M42.31M45.15M
Balance Sheet
Total Assets597.69M592.58M612.67M573.14M569.69M574.26M
Cash, Cash Equivalents and Short-Term Investments141.27M136.41M162.52M201.67M227.20M244.47M
Total Debt87.01M93.58M107.01M58.21M65.94M69.18M
Total Liabilities170.24M134.86M163.29M111.98M115.05M113.91M
Stockholders Equity427.45M457.72M449.38M461.16M454.64M460.36M
Cash Flow
Free Cash Flow33.73M27.06M931.00K27.83M40.42M66.49M
Operating Cash Flow43.89M48.71M56.86M29.46M44.69M70.84M
Investing Cash Flow-8.14M-20.32M-97.60M-8.83M-28.72M-13.17M
Financing Cash Flow-55.79M-54.50M4.59M-46.16M-48.63M-57.97M

BioLASCO Taiwan Co. Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TW:6662 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
TW:6662TW:666264NeutralTWD 727.39M17.75―5.46%-8.71%-16.08%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%

* General Sector Average

Performance Comparison

-50%-25%0%25%TW:6662TW:4732TW:6572TW:6817TW:6939TW:7790Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TW:6662 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TW:6662BioLASCO Taiwan Co. Ltd.28.40-1.20-4.05%
TW:4732Naturewise Biotech & Medicals Corporation15.20-5.30-25.85%
TW:6572PlexBio Co., Ltd.6.28-2.72-30.22%
TW:6817Winston Medical Supply Co., Ltd.37.50-60.57-61.76%
TW:6939TFBS Bioscience, Inc.18.90-4.85-20.42%
TW:7790Spirit Scientific Co., Ltd.39.65-33.32-45.66%
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