Hui Min Environmental Tech Corp. AI Stock Analysis
Hui Min Environmental Tech Corp. (6971) AI Stock Analysis
Hui Min Environmental Tech Corp.
(TPEx:6971)
Hui Min scores below average, driven primarily by weak financial quality: despite steady revenue and operating profit growth, net income has fallen for three consecutive years, margins are thin, debt has tripled to push leverage to 1.77x, and the business burned NT$303 million of free cash flow in 2025. Technicals add to the caution, with the shares trading below all key moving averages and momentum indicators still soft. The main offset is valuation — an undemanding 10.9x P/E and a 6.25% dividend yield — though the sustainability of that yield depends on a recovery in cash conversion and working capital discipline.
Hui Min Environmental Tech Corp. (6971) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 986.03M
- Dividend Yield
- 5.88%
- Average Volume (3M)
- 29.91K
- Price to Earnings (P/E)
- 10.7
- Beta (1Y)
- 0.33
- Revenue Growth
- ―
- EPS Growth
- ―
- Country
- TW
- Employees
- 989
- Sector
- General
- Sector Strength
- 55
- Industry
- Engineering & Construction
Hui Min Environmental Tech Corp. Business Overview & Revenue Model
Company Description
Hui Min Environmental Tech Corporation operates as an engineering and construction company dedicated to environmental protection, with its core business centered on the production of specialized environmental equipment. The company offers a comprehen...
Hui Min Environmental Tech Corp. Financial Statement Overview
Summary
A mixed-to-weak profile. Revenue has grown consistently to roughly NT$2.31 billion in 2025 and EBIT has improved to NT$151.3 million with operating margin widening to 6.7% (Income Statement score 59). However, net income has declined three straight years to NT$87.3 million and net margin has compressed to 3.8% on a thin ~10.3% gross margin. The balance sheet (score 43) shows asset growth funded by debt, which tripled to NT$1.59 billion, lifting debt-to-equity to 1.77x while ROE fell from 15.2% to 9.7%. Cash flow is the biggest drag (score 17): operating cash flow was negative NT$199 million and free cash flow negative NT$303 million in 2025, with cash burn in most of the last five years, signalling poor earnings-to-cash conversion and continued reliance on external funding.
Income Statement
59NeutralBalance Sheet
43NeutralCash Flow
17Very Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.21B | 2.31B | 2.09B | 1.92B | 1.49B | 1.61B |
| Gross Profit | 234.67M | 238.73M | 207.84M | 195.86M | 145.37M | 135.48M |
| EBITDA | 204.05M | 213.10M | 220.40M | 169.34M | 116.30M | 99.76M |
| Net Income | 88.89M | 87.34M | 95.42M | 104.76M | 54.40M | 39.77M |
Balance Sheet | ||||||
| Total Assets | 3.19B | 2.93B | 2.38B | 1.91B | 1.65B | 1.47B |
| Cash, Cash Equivalents and Short-Term Investments | 365.83M | 392.34M | 314.76M | 437.18M | 413.11M | 410.60M |
| Total Debt | 1.85B | 1.59B | 1.20B | 880.69M | 735.66M | 543.70M |
| Total Liabilities | 2.30B | 2.03B | 1.64B | 1.22B | 1.03B | 847.04M |
| Stockholders Equity | 874.11M | 901.49M | 733.89M | 689.92M | 619.35M | 597.96M |
Cash Flow | ||||||
| Free Cash Flow | -236.70M | -303.38M | -160.38M | -64.13M | -70.07M | 46.91M |
| Operating Cash Flow | -133.37M | -198.98M | 5.35M | -20.72M | -18.96M | 117.27M |
| Investing Cash Flow | -193.32M | -225.48M | -149.88M | -122.50M | -99.52M | -134.52M |
| Financing Cash Flow | 429.25M | 489.88M | 292.05M | 80.88M | 101.92M | 46.85M |
Hui Min Environmental Tech Corp. Peers Comparison
Overall Rating
TW:453057Neutral
TW:844053Neutral
TW:662449Neutral- TW:697148Neutral
TW:133739Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:4530 | 57Neutral | TWD 909.19M | -169.33 | ― | ― | 74.08% | 93.83% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:8440 | 53Neutral | TWD 967.41M | 18.84 | ― | 2.86% | -6.00% | 659.16% |
| TW:6624 | 49Neutral | TWD 784.64M | 62.79 | ― | 0.80% | -31.58% | -81.33% |
| TW:6971 | 48Neutral | TWD 986.03M | 10.67 | ― | 5.88% | ― | ― |
| TW:1337 | 39Underperform | TWD 1.05B | -2.14 | ― | ― | -13.60% | -6.67% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:6971 | Hui Min Environmental Tech Corp. | 25.50 | -6.35 | -19.94% | |
| TW:1337 | Asia Plastic Recycling Holding Limited | 3.92 | -1.19 | -23.29% | |
| TW:4530 | Tianyi Water Energy Solutions Inc. | 25.40 | -3.76 | -12.88% | |
| TW:6624 | Ever-Clear Environmental Eng. Corp. | 36.00 | 1.24 | 3.57% | |
| TW:6723 | JG Environmental Technology Co., Ltd. | 27.85 | -12.76 | -31.42% | |
| TW:8440 | E&E Recycling, Inc. | 19.20 | -6.14 | -24.22% |
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