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Sunny Friend Environmental Technology Co., Ltd. (8341) AI Stock Analysis

TW:8341

Sunny Friend Environmental Technology Co., Ltd.

(TWSE:8341)

Select Model
Rating:57Neutral
Price Target:TWD 75.00â–¼(-0.66% Downside)
Action:initiatedcoverage
Date:11/10/26

The overall score of 57 reflects a company in transition with significant strengths and weaknesses. The most impactful positive factor is the strong financial foundation, characterized by excellent free cash flow and a much-improved, low-leverage balance sheet, which supports a high dividend yield. The primary risk dragging the score down is the bearish technical trend and, more fundamentally, the sustained compression in profit margins. While the valuation is reasonable and the dividend is attractive, the stock is under technical pressure and faces operational headwinds that need to be resolved for a higher rating.

Positive Factors
Revenue and Profit RecoveryThe return to revenue growth alongside higher profit indicates improving operating traction after the weaker 2023–2024 period. If maintained, this recovery can reinforce the company’s earnings base, support reinvestment, and improve its ability to compete over the next several quarters.
Negative Factors
Profitability Below Prior PeaksAlthough profitability has recovered, the lower margin and return profile versus 2020–2022 shows that earnings efficiency has not fully returned to earlier highs. This may limit operating leverage and reduce the amount of profit generated from each unit of revenue over time.

Sunny Friend Environmental Technology Co., Ltd. (8341) vs. SPDR S&P 500 ETF (SPY)

-10%-5%0%5%10%15%20%TW:8341-0.28%SPY+14.30%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
TWD 9.81B
Dividend Yield
5.30%
Average Volume (3M)
200.36K
Price to Earnings (P/E)
12.7
Beta (1Y)
0.25
Revenue Growth
11.74%
EPS Growth
29.44%
Country
TW
Employees
356
Sector
General
Sector Strength
55
Industry
Waste Management

Sunny Friend Environmental Technology Co., Ltd. Business Overview & Revenue Model

Company Description

Sunny Friend Environmental Technology Co., Ltd., established in 1994 and headquartered in Yúnlín, Taiwan, delivers extensive environmental services throughout Taiwan and China. The company's primary focus is medical waste incineration, with operation...

Sunny Friend Environmental Technology Co., Ltd. Financial Statement Overview

Summary

Financial performance is mixed. Cash flow is a clear strength (Score 75), with robust free cash flow recovery and high-quality earnings. The balance sheet (Score 68) has significantly improved through deleveraging, reducing risk. However, the income statement (Score 42) is a major concern due to a sustained decline in profitability margins, with net margin more than halving since 2020. The strong cash generation and healthier balance sheet partially offset the weakening profitability.

Income Statement

42Neutral

Balance Sheet

68Positive

Cash Flow

75Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue4.32B3.99B3.70B3.26B3.84B3.35B
Gross Profit1.95B1.72B1.57B1.34B1.79B1.75B
EBITDA1.95B1.68B1.40B1.22B1.76B1.71B
Net Income681.11M582.87M480.20M408.56M861.29M944.91M
Balance Sheet
Total Assets10.22B10.06B10.59B10.37B10.52B9.73B
Cash, Cash Equivalents and Short-Term Investments1.02B989.95M1.21B948.15M1.24B960.28M
Total Debt2.61B2.90B3.51B3.71B5.40B4.86B
Total Liabilities4.40B4.25B4.88B5.10B7.07B6.43B
Stockholders Equity5.34B5.32B5.24B5.01B3.21B3.19B
Cash Flow
Free Cash Flow823.41M972.89M545.19M-34.67M705.55M34.05M
Operating Cash Flow1.43B1.35B1.09B851.01M1.58B1.27B
Investing Cash Flow-516.46M-369.81M-596.11M-776.20M-1.27B-1.50B
Financing Cash Flow-843.06M-1.16B-471.26M-215.47M-280.14M87.02M

Sunny Friend Environmental Technology Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TW:8341 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
TW:6790TW:679068NeutralTWD 9.84B11.95―7.17%-3.83%17.72%
TW:8936TW:893664NeutralTWD 10.12B9.40―7.40%27.31%26.91%
TW:1103TW:110360NeutralTWD 9.36B9.30―3.92%-7.13%1104.31%
TW:8341TW:834157NeutralTWD 9.93B12.71―5.30%11.74%29.44%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
TW:4306TW:430644NeutralTWD 9.28B15.44―4.96%4.17%151.80%

* General Sector Average

Performance Comparison

-40%-20%0%20%TW:8341TW:1103TW:4306TW:6790TW:7818TW:8936Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TW:8341 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TW:8341Sunny Friend Environmental Technology Co., Ltd.75.50-1.45-1.88%
TW:1103Chia Hsin Cement Corporation13.300.372.85%
TW:4306Yem Chio Co., Ltd.14.101.5011.88%
TW:6790Yuen Foong Yu Consumer Products Co., Ltd.36.951.434.03%
TW:7818Kemflo International Co Ltd52.20-47.47-47.63%
TW:8936Kuo Toong International Co., Ltd.40.55-15.84-28.09%
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