Shiny Brands Group Co., Ltd. (6703) AI Stock Analysis

Shiny Brands Group Co., Ltd.

(TPEx:6703)

Select Model

Rating:77Outperform

Price Target:TWD 103.00▲(8.99% Upside)

Action:initiatedcoverage

Date:11/10/26

Strong financial performance and attractive valuation drive the score, led by healthy profitability, balance-sheet strength, cash generation, low P/E, and high dividend yield. Weak price momentum and trading below all stated moving averages materially reduce the score.

Positive Factors

High MarginsSustained high gross margins and healthy operating profitability indicate meaningful earnings retained from sales. This provides resilience against moderate cost pressure, supports reinvestment, and gives the company a durable base for generating profits over the next several quarters.

Negative Factors

Uneven Revenue MomentumThe latest revenue decline interrupts the longer-term growth trend and raises concern about the durability of demand or sales momentum. If weaker top-line performance persists, operating leverage may work against the company and limit its ability to sustain profit growth.

Shiny Brands Group Co., Ltd. (6703) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 3.42B
Dividend Yield: 7.77%
Average Volume (3M): 35.03K
Price to Earnings (P/E): 8.4
Beta (1Y): 0.37
Revenue Growth: 5.97%
EPS Growth: 37.00%
Country: TW
Employees: 69
Sector: General
Sector Strength: 55
Industry: Household & Personal Products

Shiny Brands Group Co., Ltd. Business Overview & Revenue Model

Company Description

Shiny Brands Group Co., Ltd. is dedicated to the development, formulation, and manufacturing of skincare products, serving both the Taiwanese market and international clientele. The company distributes its diverse range of offerings through its propr...

Shiny Brands Group Co., Ltd. Financial Statement Overview

Summary

Strong overall financial health, supported by an 85 balance-sheet score, an 80 cash-flow score, and a 78 income-statement score. Strengths include solid margins, low leverage, strong returns, and improving free cash flow; revenue declined and cash-flow coverage weakened versus earlier years.

Income Statement

78Positive

Balance Sheet

85Very Positive

Cash Flow

80Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Mar 2024	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.49B	3.29B	3.58B	2.97B	1.71B	1.36B
Gross Profit	2.18B	2.06B	2.22B	1.96B	1.10B	912.93M
EBITDA	498.16M	466.89M	418.20M	536.02M	242.51M	191.40M
Net Income	338.76M	317.45M	300.24M	403.49M	181.91M	142.19M
Balance Sheet
Total Assets	2.39B	2.35B	2.14B	2.27B	1.27B	1.13B
Cash, Cash Equivalents and Short-Term Investments	803.64M	997.80M	965.49M	1.00B	856.62M	832.13M
Total Debt	493.55M	508.01M	464.03M	415.61M	17.75M	18.05M
Total Liabilities	1.06B	1.02B	855.64M	917.25M	284.67M	174.94M
Stockholders Equity	1.29B	1.29B	1.26B	1.31B	989.34M	948.58M
Cash Flow
Free Cash Flow	365.42M	471.88M	242.09M	258.45M	239.10M	224.08M
Operating Cash Flow	394.18M	504.47M	265.46M	341.92M	245.28M	226.38M
Investing Cash Flow	25.73M	-39.50M	57.59M	-164.83M	-302.60M	52.55M
Financing Cash Flow	-307.29M	-345.21M	-279.20M	-113.31M	-147.47M	-234.54M

Shiny Brands Group Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6703 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:6703	77Outperform	TWD 3.44B	8.36	―	7.77%	5.97%	37.00%
TW:1783	76Outperform	TWD 3.16B	9.38	―	5.55%	8.14%	29.10%
TW:1730	71Outperform	TWD 3.19B	10.48	―	5.95%	1.66%	8.74%
TW:6523	71Outperform	TWD 3.63B	12.63	―	12.30%	-11.85%	-23.46%
TW:5902	67Neutral	TWD 3.19B	15.41	―	4.86%	0.07%	3.67%
TW:1786	64Neutral	TWD 3.89B	26.80	―	3.67%	-2.25%	-15.57%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%

* General Sector Average

Performance Comparison

TW:6703 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6703	Shiny Brands Group Co., Ltd.	94.50	-1.08	-1.13%
TW:1730	Farcent Enterprise Co., Ltd.	50.40	0.29	0.58%
TW:1783	Maxigen Biotech Inc.	36.00	-6.54	-15.37%
TW:1786	SciVision Biotech Inc.	52.00	-20.15	-27.93%
TW:5902	Tait Marketing & Distribution Co., Ltd.	33.95	-9.21	-21.33%
TW:6523	DR.WU Skincare Co., Ltd.	81.30	-25.40	-23.81%

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

Shiny Brands Group Co., Ltd. AI Stock Analysis