YANKEY ENGINEERING Co. LTD. (6691) AI Stock Analysis

YANKEY ENGINEERING Co. LTD.

(TWSE:6691)

Select Model

Rating:62Neutral

Price Target:TWD 566.00▼(-3.74% Downside)

Action:initiatedcoverage

Date:11/10/26

The overall score of 62 reflects a company with strong fundamental profitability and a fortress balance sheet, but significant near-term headwinds. The most impactful factor is the stark divergence between robust 47% earnings growth and a 65% decline in free cash flow, raising sustainability concerns. This is compounded by extremely weak technical momentum, with the stock trading well below key moving averages and in oversold territory. A reasonable P/E of 17.9 and a solid 3.93% dividend yield provide some valuation support, but do not fully offset the cash flow and technical risks.

Positive Factors

Strong Revenue GrowthRevenue has grown more than fourfold since 2020, demonstrating substantial expansion in the company’s project-delivery activity and customer base. The 2025 rebound after a brief 2024 pause indicates that growth remains intact, supporting continued operating scale over the next several quarters.

Negative Factors

Cash-Flow VolatilityThe sharp 2025 deterioration in operating and free cash flow creates uncertainty about how consistently reported earnings convert into cash. Although free cash flow remained positive at about 80% of net income, project-related working-capital swings could constrain funding flexibility over coming quarters.

YANKEY ENGINEERING Co. LTD. (6691) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 76.09B
Dividend Yield: 3.57%
Average Volume (3M): 720.61K
Price to Earnings (P/E): 16.0
Beta (1Y): 0.89
Revenue Growth: 92.72%
EPS Growth: 86.13%
Country: TW
Employees: 1,025
Sector: General
Sector Strength: 55
Industry: Engineering & Construction

YANKEY ENGINEERING Co. LTD. Business Overview & Revenue Model

Company Description

Yankey Engineering Co., Ltd. is an engineering firm providing specialized solutions to clients both within Taiwan and across international markets. The company's core competencies include the comprehensive design, installation, and material supply fo...

YANKEY ENGINEERING Co. LTD. Financial Statement Overview

Summary

Strong profitability and revenue growth of 47.1% are offset by declining cash flow generation. The pristine balance sheet with near-zero debt and 39.3% ROE provides stability, but the 65.1% drop in free cash flow and weakening cash conversion ratio signal working capital pressures that temper the overall financial health.

Income Statement

78Positive

Balance Sheet

88Very Positive

Cash Flow

55Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	30.64B	22.35B	15.19B	15.51B	13.97B	10.66B
Gross Profit	5.64B	4.27B	3.01B	2.69B	2.68B	1.54B
EBITDA	5.11B	3.77B	2.62B	2.26B	2.30B	1.28B
Net Income	4.03B	2.99B	2.03B	1.77B	1.73B	956.78M
Balance Sheet
Total Assets	26.52B	19.54B	15.69B	12.18B	11.41B	9.05B
Cash, Cash Equivalents and Short-Term Investments	8.37B	5.25B	5.74B	4.14B	3.63B	4.03B
Total Debt	130.86M	39.46M	122.28M	267.92M	188.04M	201.99M
Total Liabilities	19.10B	11.95B	9.40B	6.59B	6.28B	4.53B
Stockholders Equity	7.41B	7.59B	6.29B	5.60B	5.14B	4.52B
Cash Flow
Free Cash Flow	2.86B	1.40B	3.08B	1.75B	724.67M	864.55M
Operating Cash Flow	3.27B	1.75B	3.21B	1.78B	751.10M	890.70M
Investing Cash Flow	-208.69M	-180.50M	-237.33M	1.02B	-1.21B	-31.93M
Financing Cash Flow	-1.60B	-1.79B	-1.55B	-1.23B	-1.13B	1.39B

YANKEY ENGINEERING Co. LTD. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6691 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:5434	74Outperform	TWD 97.59B	16.52	―	2.58%	21.35%	55.48%
TW:1513	69Neutral	TWD 72.38B	17.04	―	3.96%	3.84%	22.26%
TW:5536	69Neutral	TWD 89.71B	16.92	―	2.67%	25.59%	38.05%
TW:6691	62Neutral	TWD 75.85B	15.98	―	3.57%	92.72%	86.13%
TW:3583	59Neutral	TWD 40.40B	27.47	―	2.33%	7.90%	44.45%
TW:6196	59Neutral	TWD 92.54B	19.17	―	1.52%	86.15%	58.05%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* General Sector Average

Performance Comparison

TW:6691 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6691	YANKEY ENGINEERING Co. LTD.	588.00	195.49	49.80%
TW:1513	Chung-Hsin Electric & Machinery Manufacturing Corp.	151.50	6.75	4.66%
TW:3583	Scientech Corporation	505.00	183.49	57.07%
TW:5434	Topco Scientific Co., Ltd.	520.00	216.02	71.06%
TW:5536	Acter Group Corporation Limited	748.00	76.55	11.40%
TW:6196	Marketech International Corp.	424.50	182.42	75.36%

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

YANKEY ENGINEERING Co. LTD. AI Stock Analysis