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Waste Recovery Technology Inc (6894) AI Stock Analysis

TW:6894

Waste Recovery Technology Inc

(TPEx:6894)

Select Model
Rating:61.6Neutral
Price Target:TWD 344.00â–²(4.08% Upside)
Action:initiatedcoverage
Date:11/10/26

The overall score of 61.6 reflects a company with a rock-solid balance sheet but facing significant headwinds. The primary strength is the debt-free capital structure and healthy profitability, which provides a margin of safety. However, this is heavily offset by a bearish technical trend, with the stock trading below all major moving averages, and a concerning deterioration in free cash flow and margins. The valuation is fair but does not offer a compelling entry point given the negative momentum and fundamental deceleration.

Positive Factors
Strong Revenue GrowthSustained revenue expansion and renewed acceleration indicate growing scale and continued demand for the company’s waste treatment and resource recovery offerings. This growth can strengthen market position, support operating leverage, and provide a durable base for future earnings over the next several quarters.
Negative Factors
Weak Cash ConversionThe gap between reported profit and operating cash generation reduces near-term earnings quality and may constrain internally funded investment. If weak conversion persists, the company could have less flexibility for growth spending, shareholder returns, or absorbing unexpected operating requirements.

Waste Recovery Technology Inc (6894) vs. SPDR S&P 500 ETF (SPY)

-25%0%25%50%75%100%125%TW:6894+65.37%SPY+13.89%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
TWD 7.97B
Dividend Yield
2.57%
Average Volume (3M)
113.08K
Price to Earnings (P/E)
18.1
Beta (1Y)
0.95
Revenue Growth
57.62%
EPS Growth
81.72%
Country
TW
Employees
130
Sector
General
Sector Strength
55
Industry
Industrial - Pollution & Treatment Controls

Waste Recovery Technology Inc Business Overview & Revenue Model

Company Description

Waste Recovery Technology Inc., established in 1990 and headquartered in Taichung, Taiwan, specializes in delivering advanced electrolytic recycling solutions. The company primarily serves Taiwan's printed circuit board (PCB) industry by enabling the...

Waste Recovery Technology Inc Financial Statement Overview

Summary

Financial performance is a tale of two stories. The balance sheet is exceptional (Score 88), with virtually no debt and a fortress-like capital structure. However, the income statement (Score 72) shows persistent margin compression, and the cash flow statement (Score 55) reveals a sharp deterioration in free cash flow generation. The overall financial health is solid, but the weakening cash conversion and declining profitability trends are significant concerns.

Income Statement

72Positive

Balance Sheet

88Very Positive

Cash Flow

55Neutral
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Mar 2023Dec 2021
Income Statement
Total Revenue1.82B1.38B980.18M775.78M807.28M716.54M
Gross Profit675.31M503.17M370.69M304.65M327.00M302.39M
EBITDA600.08M451.29M359.43M293.29M310.39M282.10M
Net Income375.13M261.50M202.40M162.85M186.48M163.95M
Balance Sheet
Total Assets3.37B2.12B2.01B1.78B1.27B1.07B
Cash, Cash Equivalents and Short-Term Investments910.94M794.42M919.79M999.07M681.67M366.68M
Total Debt552.06M3.10M6.91M2.36M3.52M4.66M
Total Liabilities1.36B494.42M489.60M326.82M262.57M283.21M
Stockholders Equity1.65B1.58B1.47B1.41B962.19M749.23M
Cash Flow
Free Cash Flow122.20M80.53M148.03M58.90M256.28M111.88M
Operating Cash Flow346.12M178.97M293.01M124.93M293.40M207.30M
Investing Cash Flow-223.03M14.55M-223.94M-557.96M15.82M-156.72M
Financing Cash Flow246.04M-165.61M-158.14M283.37M18.39M-39.44M

Waste Recovery Technology Inc Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TW:6894 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
TW:8473TW:847364NeutralTWD 6.94B9.94―2.27%31.21%125.14%
TW:6894TW:689462NeutralTWD 8.21B18.06―2.57%57.62%81.72%
TW:3402TW:340261NeutralTWD 8.48B14.12―5.33%17.22%2.00%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
TW:1110TW:111054NeutralTWD 7.95B22.53―2.13%-11.52%42.80%
TW:6873TW:687342NeutralTWD 6.34B46.35―5.70%-27.19%-89.80%
TW:6869TW:686939UnderperformTWD 7.95B-7.20―3.44%7.77%-192.71%

* General Sector Average

Performance Comparison

-50%0%50%100%TW:6894TW:1110TW:3402TW:6869TW:6873TW:8473Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TW:6894 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TW:6894Waste Recovery Technology Inc330.50120.8757.66%
TW:1110Southeast Cement Co. Ltd.14.10-2.58-15.47%
TW:3402Wholetech System Hitech Limited112.501.331.20%
TW:6869J&V Energy Technology Co.Ltd.58.20-30.80-34.61%
TW:6873HD Renewable Energy Co., Ltd.44.50-53.25-54.47%
TW:8473Forest Water Environmental Engineering Co., Ltd.34.501.805.49%
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