Dawushan Farm Technology Co Ltd (6952) AI Stock Analysis

Dawushan Farm Technology Co Ltd

(TWSE:6952)

Select Model

Rating:48Neutral

Price Target:TWD 39.00▼(-4.18% Downside)

Action:initiatedcoverage

Date:11/10/26

The score is weighed down primarily by weak profitability, sharply higher leverage, and negative free cash flow. Moderately favorable technical momentum and a high dividend yield provide support, but the elevated P/E and deteriorating financial quality limit the overall rating.

Positive Factors

Revenue GrowthStrong 2025 revenue growth demonstrates meaningful top-line momentum and expanding business activity. If maintained, this scale can support operating leverage and strengthen the company’s position across livestock production and related food products, even though profitability currently lags.

Negative Factors

Profitability DeteriorationThe shift from a profitable 2024 to a 2025 net loss is a material deterioration in earnings quality. Compressed gross margin and slightly negative operating profit suggest that stronger sales are not translating into sustainable profits, weakening returns and internal funding capacity.

Dawushan Farm Technology Co Ltd (6952) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 2.76B
Dividend Yield: 4.99%
Average Volume (3M): 14.81K
Price to Earnings (P/E): 27.0
Beta (1Y): 0.08
Revenue Growth: 54.46%
EPS Growth: ―
Country: TW
Employees: 199
Sector: General
Sector Strength: 55
Industry: Agricultural Farm Products

Dawushan Farm Technology Co Ltd Business Overview & Revenue Model

Company Description

Established in 1996, Dawushan Farm Technology Co., Ltd. operates from its headquarters in Pingtung, Taiwan. The company specializes in supplying egg products to the Taiwanese market, also making its offerings available through online channels.

Dawushan Farm Technology Co Ltd Financial Statement Overview

Summary

Revenue grew 29.3%, but profitability weakened sharply, with lower gross margin, an operating loss, and a net loss. Leverage increased materially, while free cash flow was negative; positive equity and EBITDA provide limited support.

Income Statement

35Negative

Balance Sheet

40Negative

Cash Flow

28Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.23B	1.94B	1.22B	1.15B	1.19B	753.44M
Gross Profit	317.07M	310.86M	315.68M	196.17M	207.08M	166.28M
EBITDA	365.12M	234.28M	328.33M	280.71M	369.11M	180.89M
Net Income	85.36M	-72.48M	94.80M	72.08M	159.97M	38.14M
Balance Sheet
Total Assets	3.84B	3.83B	2.38B	2.26B	1.98B	1.58B
Cash, Cash Equivalents and Short-Term Investments	143.29M	191.54M	257.25M	363.50M	174.14M	127.89M
Total Debt	1.20B	1.69B	358.24M	694.67M	672.95M	351.53M
Total Liabilities	2.01B	2.06B	567.64M	918.55M	912.57M	665.55M
Stockholders Equity	1.46B	1.43B	1.71B	1.29B	1.06B	902.83M
Cash Flow
Free Cash Flow	-120.31M	-457.42M	-68.85M	40.15M	-280.37M	-26.08M
Operating Cash Flow	298.03M	120.91M	226.30M	173.37M	187.62M	110.54M
Investing Cash Flow	-440.58M	-559.05M	-229.59M	-260.72M	-458.26M	-168.86M
Financing Cash Flow	32.58M	222.16M	-2.53M	176.29M	316.90M	6.30M

Dawushan Farm Technology Co Ltd Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6952 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:1240	57Neutral	TWD 2.55B	11.61	―	5.32%	5.31%	-6.78%
TW:2945	57Neutral	TWD 2.60B	26.02	―	3.93%	23.01%	-26.72%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:1233	55Neutral	TWD 2.58B	30.64	―	0.70%	1.42%	17.11%
TW:6952	48Neutral	TWD 2.70B	26.95	―	4.99%	54.46%	―
TW:1235	44Neutral	TWD 2.57B	-117.86	―	1.52%	43.28%	34.56%

* General Sector Average

Performance Comparison

TW:6952 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6952	Dawushan Farm Technology Co Ltd	40.70	-4.00	-8.95%
TW:1233	Ten Ren Tea Co., Ltd.	28.50	-2.29	-7.43%
TW:1235	Shin Tai Industry Co. Ltd.	33.00	-13.76	-29.42%
TW:1240	Morn Sun Feed Mill Corp.	53.70	1.77	3.40%
TW:2945	Simple Mart Retail Co., Ltd.	38.15	1.64	4.49%
TW:8345	Super Qin Enterprise Co.,Ltd.	45.35	-1.82	-3.85%

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

Dawushan Farm Technology Co Ltd AI Stock Analysis