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Up Young Cornerstone Corp. (6728) AI Stock Analysis

TW:6728

Up Young Cornerstone Corp.

(TPEx:6728)

Select Model
Rating:53Neutral
Price Target:TWD 103.00▲(8.88% Upside)
Action:initiatedcoverage
Date:11/09/26

Up Young Cornerstone scores below average overall, driven mainly by deteriorating financial quality: despite rapid revenue growth, margins have compressed across every line, profits have stagnated since 2022, and the company has burned cash for two consecutive years while debt has risen more than 25-fold since 2021. Technicals are also unfavourable, with the stock trading below all major moving averages and a negative MACD, though deeply oversold RSI and Stochastic readings hint at scope for a short-term rebound. The offsetting positive is valuation — a low 10.9x P/E and a 6.4% dividend yield provide meaningful support, but the sustainability of that yield depends on a return to positive operating cash flow and stabilising margins.

Positive Factors
Revenue GrowthRevenue growth accelerated in 2025, indicating continued demand and business expansion despite a more challenging profitability environment. Sustained top-line progress can support operating scale, preserve market relevance, and provide a foundation for rebuilding earnings if margin pressure moderates.
Negative Factors
Negative Cash GenerationNegative operating and free cash flow weaken the company’s ability to self-fund growth, investments, and debt service. The deterioration from positive operating cash flow in 2023 and 2024 makes funding needs more persistent and increases reliance on external financing.

Up Young Cornerstone Corp. (6728) vs. SPDR S&P 500 ETF (SPY)

-30%-20%-10%0%10%20%TW:6728-23.52%SPY+14.28%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
TWD 2.87B
Dividend Yield
6.87%
Average Volume (3M)
18.78K
Price to Earnings (P/E)
10.9
Beta (1Y)
0.15
Revenue Growth
15.99%
EPS Growth
-22.52%
Country
TW
Employees
152
Sector
General
Sector Strength
55
Industry
Consumer Electronics

Up Young Cornerstone Corp. Business Overview & Revenue Model

Company Description

Up Young Cornerstone Corp. specializes in the distribution of both commercial and residential laundry equipment. Their product range further encompasses a variety of household appliances, including kitchen essentials like refrigerators, dishwashers,...

Up Young Cornerstone Corp. Financial Statement Overview

Summary

Strong revenue growth (NT$1.36bn in 2020 to NT$4.74bn in 2025, +35% in the latest year) is undermined by weak earnings quality. Gross margin has fallen from ~40% to 31.9%, operating margin halved to 8.2%, and net income is below 2022 levels despite double the sales (Income Statement: 61). Leverage has risen sharply, with debt up from NT$63m in 2021 to NT$1.78bn, debt/equity at 0.88x and ~3.3x EBITDA, while ROE has dropped from 31% to 14.6% (Balance Sheet: 50). The biggest concern is cash generation: operating cash flow turned negative at -NT$266m and free cash flow at -NT$334m in 2025, following -NT$535m in 2024, forcing debt-funded expansion (Cash Flow: 23).

Income Statement

61Positive

Balance Sheet

50Neutral

Cash Flow

23Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue4.79B4.74B3.51B2.73B2.45B1.94B
Gross Profit1.69B1.51B1.31B1.00B955.42M772.74M
EBITDA476.15M530.09M500.68M390.21M461.47M410.47M
Net Income262.76M293.38M303.93M236.37M312.69M270.10M
Balance Sheet
Total Assets4.57B4.49B3.35B1.96B1.69B1.23B
Cash, Cash Equivalents and Short-Term Investments245.86M291.17M301.17M61.65M131.50M148.46M
Total Debt1.65B1.78B910.97M642.96M435.18M63.18M
Total Liabilities2.60B2.47B1.39B945.07M685.24M328.22M
Stockholders Equity1.97B2.01B1.95B1.01B1.01B903.68M
Cash Flow
Free Cash Flow447.72M-333.97M-535.48M883.00K-54.33M172.11M
Operating Cash Flow640.27M-266.39M144.44M373.85M41.29M173.13M
Investing Cash Flow-249.35M-122.16M-732.95M-374.92M-171.50M-6.35M
Financing Cash Flow-231.75M378.05M828.04M-68.74M113.30M-166.02M

Up Young Cornerstone Corp. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TW:6728 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
TW:1730TW:173071OutperformTWD 3.19B10.48―5.95%1.66%8.74%
TW:1817TW:181771OutperformTWD 2.88B7.96―5.49%-0.86%21.67%
TW:4527TW:452770OutperformTWD 3.02B9.61―10.10%5.28%63.10%
TW:5902TW:590267NeutralTWD 3.19B15.41―4.86%0.07%3.67%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
TW:6728TW:672853NeutralTWD 2.93B10.87―6.87%15.99%-22.52%

* General Sector Average

Performance Comparison

-20%-10%0%10%TW:6728TW:1730TW:1817TW:4527TW:4570TW:5902Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TW:6728 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TW:6728Up Young Cornerstone Corp.94.60-29.56-23.81%
TW:1730Farcent Enterprise Co., Ltd.50.400.290.58%
TW:1817Sanitar Co., Ltd.40.052.627.00%
TW:4527Kuen Ling Machinery Refrigerating Co.,Ltd.44.004.1810.51%
TW:4570Jason Co., Ltd. (Taiwan)70.005.588.66%
TW:5902Tait Marketing & Distribution Co., Ltd.33.95-9.21-21.33%
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