Norbel Baby Co., Ltd. AI Stock Analysis
Norbel Baby Co., Ltd. (6844) AI Stock Analysis
Norbel Baby Co., Ltd.
(TPEx:6844)
Norbel Baby scores in the mid-range. The dominant drag is profitability erosion: gross margin fell to 26.5%, operating margin to 2.2%, and return on equity is under 3%, with profits roughly three-quarters below 2022 levels. Offsetting this is a conservatively financed balance sheet, strong free cash flow conversion, and an attractive valuation — a 10.1x P/E and a near-7% dividend yield that compensate investors while they wait. Technicals are a secondary negative, with the price still below its 50-, 100- and 200-day averages despite a recent short-term bounce. The investment case rests on whether margins can recover; financial risk is low, but operating performance remains challenged.
Norbel Baby Co., Ltd. (6844) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 2.11B
- Dividend Yield
- 7.04%
- Average Volume (3M)
- 17.42K
- Price to Earnings (P/E)
- 10.0
- Beta (1Y)
- -0.09
- Revenue Growth
- 2.36%
- EPS Growth
- 147.22%
- Country
- TW
- Employees
- 776
- Sector
- General
- Sector Strength
- 55
- Industry
- Specialty Retail
Norbel Baby Co., Ltd. Business Overview & Revenue Model
Company Description
Norbel Baby Co., Ltd is a Taiwanese company that offers a diverse range of products, encompassing maternity and infant care items, medical provisions, nutritional supplements, and beauty products. Their merchandise is also available for purchase thro...
Norbel Baby Co., Ltd. Financial Statement Overview
Summary
A tale of two halves. The balance sheet is solid — equity funds about 65% of assets, debt-to-equity is a conservative 0.38, and cash flow is strong with operating cash flow up 31% to NT$321.5m and free cash flow up 35% to NT$287.9m on light capital spending. However, earnings quality is deteriorating sharply: gross margin collapsed to 26.5% from 33.4%, operating margin thinned to 2.2%, net income fell about 21% year over year and is roughly 76% below the 2022 peak, and return on equity is now below 3%. Revenue has stabilized around NT$3.45bn but operating leverage is working against the business, keeping the overall financial score below average.
Income Statement
35NegativeBalance Sheet
63PositiveCash Flow
70Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Mar 2023 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.42B | 3.45B | 3.40B | 3.60B | 4.20B | 3.81B |
| Gross Profit | 978.74M | 913.75M | 1.14B | 1.23B | 1.21B | 1.03B |
| EBITDA | 349.47M | 333.82M | 393.53M | 502.39M | 683.43M | 556.02M |
| Net Income | 122.91M | 87.85M | 111.58M | 208.04M | 362.88M | 264.21M |
Balance Sheet | ||||||
| Total Assets | 5.06B | 4.92B | 4.92B | 4.52B | 4.05B | 3.75B |
| Cash, Cash Equivalents and Short-Term Investments | 1.74B | 1.71B | 1.93B | 1.72B | 1.11B | 926.57M |
| Total Debt | 1.28B | 1.20B | 1.08B | 995.84M | 964.63M | 858.67M |
| Total Liabilities | 1.95B | 1.73B | 1.62B | 1.56B | 1.69B | 1.55B |
| Stockholders Equity | 3.11B | 3.19B | 3.30B | 2.96B | 2.35B | 2.20B |
Cash Flow | ||||||
| Free Cash Flow | 344.61M | 287.92M | 213.37M | 409.17M | 588.71M | 262.18M |
| Operating Cash Flow | 365.85M | 321.48M | 244.77M | 431.05M | 609.83M | 418.11M |
| Investing Cash Flow | 88.42M | -139.91M | -265.75M | -622.52M | -126.90M | -221.93M |
| Financing Cash Flow | -419.77M | -420.47M | 13.39M | 201.56M | -399.85M | -330.19M |
Norbel Baby Co., Ltd. Peers Comparison
Overall Rating
TW:410667.5Neutral
TW:657466Neutral- TW:684457Neutral
TW:125956Neutral
TW:243045Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:4106 | 68Neutral | TWD 2.36B | 13.20 | ― | 4.28% | 7.96% | 86.06% |
| TW:6574 | 66Neutral | TWD 2.39B | 8.69 | ― | 2.56% | 20.16% | 136.85% |
| TW:6844 | 57Neutral | TWD 2.13B | 10.04 | ― | 7.04% | 2.36% | 147.22% |
| TW:1259 | 56Neutral | TWD 2.06B | 17.93 | ― | 1.89% | 2.00% | 298.30% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:2430 | 45Neutral | TWD 2.01B | 29.31 | ― | 4.71% | -1.62% | -41.96% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:6844 | Norbel Baby Co., Ltd. | 56.80 | -18.49 | -24.56% | |
| TW:1259 | An-Shin Food Services Co., Ltd. | 63.40 | 0.63 | 1.00% | |
| TW:2430 | Tsann Kuen Enterprise Co.,Ltd | 17.00 | -6.35 | -27.19% | |
| TW:2942 | Jing-Jan Retail Business Co., Ltd. | 34.30 | 5.56 | 19.37% | |
| TW:4106 | Wellell Inc. | 23.35 | 2.73 | 13.23% | |
| TW:6574 | MIKOBEAUTE INTERNATIONAL CO., LTD. | 117.00 | 44.18 | 60.66% |
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