Wah Hong Industrial Corp. (8240) AI Stock Analysis

Wah Hong Industrial Corp.

(TPEx:8240)

Select Model

Rating:56Neutral

Price Target:TWD 44.00▼(-3.51% Downside)

Action:initiatedcoverage

Date:11/10/26

The score is primarily constrained by declining operating performance and weak technical momentum. A stronger balance sheet and moderate valuation, including a 3.05% dividend yield, provide support but do not fully offset the deterioration in growth, earnings, and cash generation.

Positive Factors

Improved Balance SheetSubstantial debt reduction has strengthened Wah Hong’s capital structure and lowered financial risk. With equity of about 4.6B against assets of roughly 7.4B, the company has a more resilient balance sheet and greater flexibility to manage downturns or fund operations.

Negative Factors

Multi-Year Revenue DeclineThe sustained revenue contraction signals weakening business scale and limits the company’s ability to leverage fixed costs. Without a renewed growth trajectory, declining sales can constrain investment, reduce operating leverage, and make future earnings improvement increasingly dependent on cost control.

Wah Hong Industrial Corp. (8240) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 4.87B
Dividend Yield: 2.85%
Average Volume (3M): 1.65M
Price to Earnings (P/E): 22.6
Beta (1Y): 1.17
Revenue Growth: -11.48%
EPS Growth: 21.46%
Country: TW
Employees: 1,992
Sector: General
Sector Strength: 55
Industry: Hardware, Equipment & Parts

Wah Hong Industrial Corp. Business Overview & Revenue Model

Company Description

Wah Hong Industrial Corp. is a Taiwanese enterprise with a global presence, specializing in the research, manufacturing, and distribution of sophisticated plastic compounds and composite materials. Its extensive portfolio encompasses a wide array of...

Wah Hong Industrial Corp. Financial Statement Overview

Summary

The balance sheet is solid, supported by lower debt-to-equity and positive equity, but declining revenue, net income, profitability, and cash flow weaken the overall financial profile.

Income Statement

50Neutral

Balance Sheet

75Positive

Cash Flow

55Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	6.77B	7.14B	7.51B	7.52B	9.18B	10.97B
Gross Profit	996.21M	1.10B	1.10B	1.05B	1.18B	1.25B
EBITDA	537.88M	577.10M	812.54M	636.31M	798.74M	1.07B
Net Income	235.07M	218.15M	301.12M	202.38M	262.47M	430.37M
Balance Sheet
Total Assets	7.98B	7.36B	7.82B	7.93B	8.53B	9.52B
Cash, Cash Equivalents and Short-Term Investments	1.62B	1.56B	1.48B	1.77B	2.36B	1.67B
Total Debt	1.32B	1.12B	1.05B	1.81B	2.06B	2.22B
Total Liabilities	3.07B	2.70B	3.00B	3.62B	4.30B	5.27B
Stockholders Equity	4.79B	4.56B	4.70B	4.20B	4.12B	4.15B
Cash Flow
Free Cash Flow	234.15M	244.86M	285.57M	214.66M	1.09B	415.24M
Operating Cash Flow	412.88M	391.92M	455.06M	446.05M	1.23B	655.83M
Investing Cash Flow	-572.81M	-152.89M	247.60M	-34.42M	-673.60M	-451.53M
Financing Cash Flow	121.96M	-27.69M	-933.11M	-629.24M	-243.81M	-84.70M

Wah Hong Industrial Corp. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:8240 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:4942	59Neutral	TWD 4.27B	10.09	―	6.73%	2.44%	13.09%
TW:3303	58Neutral	TWD 4.62B	10.30	―	5.89%	14.20%	11.73%
TW:8240	56Neutral	TWD 4.33B	22.56	―	2.85%	-11.48%	21.46%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:4935	52Neutral	TWD 3.94B	28.23	―	3.33%	-24.80%	-49.71%
TW:3630	45Neutral	TWD 4.73B	-16.28	―	―	14.51%	-252.10%

* General Sector Average

Performance Comparison

TW:8240 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:8240	Wah Hong Industrial Corp.	45.60	13.60	42.51%
TW:3303	Univacco Technology Inc.	50.90	6.23	13.96%
TW:3630	Newmax Technology Co., Ltd.	22.80	-5.10	-18.28%
TW:3717	Excellence Optoelectronics Holding Co., Inc.	23.00	4.99	27.71%
TW:4935	Global Lighting Technologies Inc.	30.00	-10.77	-26.42%
TW:4942	Chia Chang Co., Ltd	29.70	-7.46	-20.06%

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

Wah Hong Industrial Corp. AI Stock Analysis