CO-TECH DEVELOPMENT CORP. (8358) AI Stock Analysis

CO-TECH DEVELOPMENT CORP.

(TPEx:8358)

Select Model

Rating:52Neutral

Price Target:TWD 306.00▼(-16.96% Downside)

Action:initiatedcoverage

Date:11/10/26

The overall score is heavily pressured by extremely weak technicals and a very high valuation. The stock is in a strong downtrend with bearish momentum, and its high P/E ratio offers no valuation support. While the company's balance sheet is a fortress and profitability is improving, these fundamental strengths are overshadowed by a critical collapse in cash flow generation, which raises concerns about the quality of earnings and future financial flexibility.

Positive Factors

Conservative balance sheetDebt-to-equity around 0.13 in 2025 and expanding equity indicate a conservative capital structure. This gives the company greater flexibility to absorb business volatility, fund operations, and pursue investment without the constraints typically associated with heavy leverage.

Negative Factors

Deteriorating cash-flow conversionThe sharp 2025 decline in operating cash conversion and negative free cash flow weaken the quality of reported earnings. If sustained, this could increase reliance on balance-sheet resources, constrain reinvestment capacity, and make funding growth less flexible.

CO-TECH DEVELOPMENT CORP. (8358) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 99.50B
Dividend Yield: 0.54%
Average Volume (3M): 16.05M
Price to Earnings (P/E): 45.4
Beta (1Y): 2.24
Revenue Growth: 43.76%
EPS Growth: 132.90%
Country: TW
Employees: 312
Sector: General
Sector Strength: 55
Industry: Hardware, Equipment & Parts

CO-TECH DEVELOPMENT CORP. Business Overview & Revenue Model

Company Description

Co-Tech Development Corporation (CTDC), along with its affiliated companies, specializes in the production and distribution of copper foils throughout Taiwan and mainland China. The company's operations are segmented into its core Copper Foil busines...

CO-TECH DEVELOPMENT CORP. Financial Statement Overview

Summary

Financial performance is mixed. Profitability is strong with expanding margins and a robust balance sheet (low debt, solid ROE). However, a severe deterioration in cash flow, with deeply negative free cash flow and weak cash conversion, is a major concern that significantly drags down the overall financial health.

Income Statement

78Positive

Balance Sheet

85Very Positive

Cash Flow

35Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	9.49B	7.88B	6.82B	6.17B	7.41B	8.91B
Gross Profit	2.47B	1.71B	1.35B	883.78M	1.36B	2.18B
EBITDA	2.36B	1.54B	1.28B	801.86M	1.36B	2.11B
Net Income	1.70B	1.06B	921.81M	532.91M	967.21M	1.52B
Balance Sheet
Total Assets	12.37B	9.45B	8.78B	7.91B	7.61B	8.37B
Cash, Cash Equivalents and Short-Term Investments	1.22B	744.65M	1.99B	1.56B	1.65B	2.90B
Total Debt	1.27B	1.00B	1.43B	1.06B	573.97M	709.45M
Total Liabilities	3.07B	1.94B	2.25B	1.92B	1.53B	2.20B
Stockholders Equity	9.30B	7.51B	6.53B	5.98B	6.08B	6.17B
Cash Flow
Free Cash Flow	-87.62M	-137.17M	506.97M	-15.40M	-61.70M	879.64M
Operating Cash Flow	514.95M	362.48M	912.47M	681.22M	1.04B	1.68B
Investing Cash Flow	-569.83M	-792.25M	-402.66M	-654.67M	-1.10B	-794.42M
Financing Cash Flow	202.85M	-815.77M	-73.41M	-120.92M	-1.19B	-574.43M

CO-TECH DEVELOPMENT CORP. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:8358 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:8039	60Neutral	TWD 59.91B	70.68	―	0.92%	2.53%	118.11%
TW:6672	58Neutral	TWD 43.05B	40.41	―	0.67%	54.27%	161.52%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:1815	55Neutral	TWD 86.37B	32.31	―	0.36%	48.55%	293.99%
TW:8358	52Neutral	TWD 94.87B	45.38	―	0.54%	43.76%	132.90%
TW:8070	52Neutral	TWD 34.83B	26.78	―	5.72%	25.04%	-9.81%
TW:1717	48Neutral	TWD 74.61B	32.26	―	1.62%	7.31%	24.42%

* General Sector Average

Performance Comparison

TW:8358 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:8358	CO-TECH DEVELOPMENT CORP.	368.50	143.53	63.80%
TW:1717	Eternal Materials Co., Ltd.	61.30	22.93	59.75%
TW:1815	Fulltech Fiber Glass Corp.	137.00	53.57	64.21%
TW:6672	Ventec International Group Co., Ltd.	497.00	410.21	472.65%
TW:8039	TAIFLEX Scientific Co., Ltd.	217.00	151.76	232.62%
TW:8070	Chang Wah Electromaterials, Inc.	47.40	3.75	8.60%

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

CO-TECH DEVELOPMENT CORP. AI Stock Analysis