Trans-Sun Materials Technology Co., Ltd. (6967) AI Stock Analysis

Trans-Sun Materials Technology Co., Ltd.

(TPEx:6967)

Select Model

Rating:63Neutral

Price Target:TWD 65.00▼(-0.61% Downside)

Action:initiatedcoverage

Date:11/09/26

Trans-Sun Materials Technology scores in the mid-range. The strongest supports are its fortress-like balance sheet (debt-to-equity of 0.09, 66% equity-funded assets), improving profitability with margins at multi-year highs, and an inexpensive valuation at 12.4x earnings paired with a 5.83% dividend yield. Offsetting these strengths is a decisively weak technical setup — the share price sits below all key moving averages with negative MACD — alongside a flat multi-year revenue trajectory still well below the 2021 peak and a sharp decline in operating and free cash flow, with cash conversion now falling short of reported profits. The result is a financially low-risk, value-oriented stock whose near-term price momentum and cash-generation trend remain the main concerns. Weightings: financial performance 50%, technical analysis 30%, valuation 20%, with earnings call and corporate events excluded for lack of data.

Positive Factors

Low LeverageThe very low debt burden gives the company financial flexibility and reduces the pressure of interest costs during weaker operating periods. A conservative capital structure can support continued investment, protect resilience through industry cycles, and leave more options for shareholder returns or growth initiatives.

Negative Factors

Falling Free Cash FlowA material reduction in free cash flow weakens the company’s ability to fund expansion, dividends, or other capital allocation priorities from operations. Even with positive cash generation, continued deterioration would make reported profit less supportive of financial flexibility and could constrain execution over time.

Trans-Sun Materials Technology Co., Ltd. (6967) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 1.90B
Dividend Yield: 5.44%
Average Volume (3M): 103.69K
Price to Earnings (P/E): 12.1
Beta (1Y): 0.65
Revenue Growth: 22.39%
EPS Growth: 53.47%
Country: TW
Employees: 80
Sector: General
Sector Strength: 55
Industry: Chemicals - Specialty

Trans-Sun Materials Technology Co., Ltd. Business Overview & Revenue Model

Company Description

Trans-Sun Materials Technology Co., Ltd., founded in 1992 and based in Taichung City, Taiwan, is a company focused on the innovation, manufacturing, and provision of electronic functional material solutions for clients both domestically and abroad. I...

Trans-Sun Materials Technology Co., Ltd. Financial Statement Overview

Summary

A conservative, modestly improving financial profile. The balance sheet is the standout (score 81): debt-to-equity of just 0.09 after multi-year deleveraging, 66% equity-funded assets and ROE back near 12%. The income statement (65) shows a genuine profitability recovery — revenue up ~5-6% to NT$1.42bn, gross margin at a six-year high of 26.2%, operating margin 9.3% and net income up ~26% to NT$98.8m — though revenue remains ~14% below the 2021 peak and earnings have been volatile. Cash flow is the weak link (54): operating cash flow fell to NT$73m from NT$95m and is down ~65% from 2023, covering only about three-quarters of net income, signalling working-capital drag and a cash-conversion trend that needs to stabilise.

Income Statement

65Positive

Balance Sheet

81Very Positive

Cash Flow

54Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Mar 2024	Jun 2023	Dec 2021
Income Statement
Total Revenue	1.60B	1.42B	1.34B	1.33B	1.34B	1.65B
Gross Profit	430.50M	371.37M	305.36M	320.44M	304.72M	340.72M
EBITDA	193.58M	162.14M	132.66M	171.79M	174.16M	179.06M
Net Income	130.12M	98.82M	78.20M	102.95M	69.58M	28.28M
Balance Sheet
Total Assets	1.31B	1.25B	1.22B	1.13B	1.09B	1.30B
Cash, Cash Equivalents and Short-Term Investments	353.72M	339.83M	379.97M	293.35M	230.80M	268.44M
Total Debt	93.91M	75.17M	62.02M	113.97M	114.53M	326.58M
Total Liabilities	495.10M	427.49M	381.19M	433.69M	403.89M	666.96M
Stockholders Equity	816.47M	826.33M	839.00M	695.45M	682.92M	633.08M
Cash Flow
Free Cash Flow	37.26M	63.76M	75.18M	147.39M	147.35M	121.62M
Operating Cash Flow	51.64M	73.17M	95.46M	208.90M	175.24M	129.75M
Investing Cash Flow	-55.35M	15.72M	-54.73M	-87.95M	-106.62M	44.88M
Financing Cash Flow	-73.58M	-82.22M	-3.52M	-84.13M	-288.55M	-103.61M

Trans-Sun Materials Technology Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:6967 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:6899	70Outperform	TWD 2.07B	12.54	―	5.74%	1.56%	9.82%
TW:6967	63Neutral	TWD 1.93B	12.15	―	5.44%	22.39%	53.47%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:1323	51Neutral	TWD 1.99B	17.09	―	4.15%	-3.86%	-37.34%
TW:3467	48Neutral	TWD 2.03B	57.48	―	0.73%	9.75%	42.87%
TW:8935	39Underperform	TWD 1.96B	-28.69	―	―	-13.84%	12.29%

* General Sector Average

Performance Comparison

TW:6967 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:6967	Trans-Sun Materials Technology Co., Ltd.	65.40	9.77	17.55%
TW:1323	Yonyu Plastics Co., Ltd	21.70	2.99	15.98%
TW:3467	Forcera Materials Co Ltd	68.60	26.96	64.74%
TW:6832	King's Metal Fiber Technologies Co., Ltd.	71.80	25.37	54.64%
TW:6899	Apex Material Technology Corp.	48.80	-1.55	-3.09%
TW:8935	Pontex Polyblend Co. Ltd.	17.40	-1.25	-6.70%

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

Trans-Sun Materials Technology Co., Ltd. AI Stock Analysis