FY Group Ltd. (6807) AI Stock Analysis

FY Group Ltd.

(TWSE:6807)

Select Model

Rating:63Neutral

Price Target:TWD 35.00▲(11.29% Upside)

Action:initiatedcoverage

Date:11/10/26

The score is primarily supported by the exceptionally strong balance sheet and attractive valuation. These strengths are offset by sharply weaker profitability and cash generation, while technical indicators remain mildly unfavorable.

Positive Factors

Conservative Balance SheetExtremely low leverage gives FY Group meaningful financial flexibility and reduces solvency risk through operating cycles. A conservatively financed balance sheet can support investment, dividends, or resilience during weaker demand without relying heavily on refinancing or additional borrowing.

Negative Factors

Revenue ContractionThe latest revenue decline signals weaker operating momentum and raises questions about the durability of recent demand. If contraction persists, lower scale can reduce fixed-cost absorption, constrain reinvestment, and make it harder for FY Group to rebuild earnings without a sustained recovery in sales.

FY Group Ltd. (6807) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 1.70B
Dividend Yield: 7.95%
Average Volume (3M): 10.29K
Price to Earnings (P/E): 10.7
Beta (1Y): 0.08
Revenue Growth: -25.16%
EPS Growth: -61.30%
Country: TW
Employees: 1,806
Sector: General
Sector Strength: 55
Industry: Furnishings, Fixtures & Appliances

FY Group Ltd. Business Overview & Revenue Model

Company Description

FY Group Ltd. is an enterprise specializing in the design, production, and global distribution of indoor furniture. The company's operations span across Taiwan, Europe, the United States, and Japan. Its product range includes diverse home furnishings...

FY Group Ltd. Financial Statement Overview

Summary

The balance sheet is exceptionally strong, with 2.6 billion of equity and only 2.5 million of debt. However, profitability weakened in 2025, with revenue down 8.1% and net income declining sharply, while operating cash flow and free cash flow also fell substantially.

Income Statement

60Neutral

Balance Sheet

88Very Positive

Cash Flow

45Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.78B	4.26B	5.00B	3.75B	4.21B	4.18B
Gross Profit	649.56M	790.19M	924.27M	686.92M	678.63M	816.25M
EBITDA	288.04M	416.68M	696.95M	316.10M	261.51M	334.57M
Net Income	158.60M	253.08M	479.49M	237.93M	168.06M	211.97M
Balance Sheet
Total Assets	3.43B	3.69B	3.99B	3.25B	3.03B	2.99B
Cash, Cash Equivalents and Short-Term Investments	1.31B	1.37B	1.33B	948.35M	1.07B	1.46B
Total Debt	4.05M	2.54M	952.00K	37.34M	28.39M	330.45M
Total Liabilities	915.75M	1.08B	1.42B	1.14B	1.05B	1.47B
Stockholders Equity	2.51B	2.61B	2.58B	2.11B	1.98B	1.52B
Cash Flow
Free Cash Flow	49.91M	63.60M	590.23M	436.85M	-440.98M	397.82M
Operating Cash Flow	91.87M	114.33M	743.32M	537.26M	105.06M	474.00M
Investing Cash Flow	331.49M	-120.82M	-248.15M	-85.28M	-824.37M	-68.67M
Financing Cash Flow	-467.75M	-243.92M	-176.78M	-68.72M	-76.19M	181.19M

FY Group Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6807 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:6807	63Neutral	TWD 1.78B	10.70	―	7.95%	-25.16%	-61.30%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:8047	41Neutral	TWD 1.82B	-55.87	―	―	40.63%	-149.65%
TW:8080	41Neutral	TWD 1.85B	-165.59	―	―	-31.64%	-151.73%

* General Sector Average

Performance Comparison

TW:6807 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6807	FY Group Ltd.	31.45	-12.24	-28.02%
TW:6819	Oriental System Technology Inc	45.30	18.15	66.85%
TW:6898	ChainSea Information Integrated Co Ltd	62.50	-32.28	-34.06%
TW:7813	Yu-Chen System Technology Corp.	105.00	25.43	31.96%
TW:8047	Great Computer Corp.	51.40	2.59	5.30%
TW:8080	TerraLink Enterprise Co Ltd	28.20	-1.10	-3.75%

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

FY Group Ltd. AI Stock Analysis