Paiho Shih Holdings Corporation AI Stock Analysis
Paiho Shih Holdings Corporation (8404) AI Stock Analysis
Paiho Shih Holdings Corporation
(TWSE:8404)
Paiho Shih Holdings scores in the below-average range. The dominant driver is a mixed financial profile: profitability has rebounded strongly with margins near cycle highs, but leverage of about 1.5x equity, mid-to-high single-digit returns on equity, and negative free cash flow driven by heavy capital spending leave limited cushion if demand softens. Technicals compound the caution, with the share price below all major moving averages and negative MACD momentum. Valuation is the main offset — a moderate 15.3x P/E, a near 4% dividend yield, and low beta provide some support, but not enough to outweigh the balance sheet and trend concerns.
Paiho Shih Holdings Corporation (8404) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 5.00B
- Dividend Yield
- 4.20%
- Average Volume (3M)
- 330.30K
- Price to Earnings (P/E)
- 14.8
- Beta (1Y)
- 0.53
- Revenue Growth
- 3.76%
- EPS Growth
- -76.04%
- Country
- TW
- Employees
- 1,178
- Sector
- General
- Sector Strength
- 55
- Industry
- Apparel - Footwear & Accessories
Paiho Shih Holdings Corporation Business Overview & Revenue Model
Company Description
Paiho Shih Holdings Corporation, through its subsidiaries, engages in the production and sale of touch fastener, webbing, elastic, and jacquard engineered mesh products in China and Vietnam. The company offers touch fastener, easy tapes, and adhesive...
Paiho Shih Holdings Corporation Financial Statement Overview
Summary
Earnings are recovering convincingly (Income Statement 65): revenue reached NT$7.58bn in 2025 with gross margin at 38.5%, operating margin 16.6%, and net income up roughly 63% to NT$602m after the 2023 loss year. However, the balance sheet (48) remains stretched, with NT$10.76bn of debt against NT$7.20bn of equity (~1.5x leverage) and only 8.4% return on equity, and cash flow (44) is a constraint — operating cash flow fell to NT$1.03bn while heavy capex of ~NT$1.4bn pushed free cash flow back to -NT$368m, negative in four of the past six years. The result is an improving but still financially leveraged, cyclical profile.
Income Statement
65PositiveBalance Sheet
48NeutralCash Flow
44Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 7.67B | 7.58B | 7.00B | 5.27B | 8.07B | 10.14B |
| Gross Profit | 2.64B | 2.92B | 2.61B | 1.55B | 2.74B | 3.80B |
| EBITDA | 1.89B | 2.07B | 1.86B | 691.55M | 1.77B | 2.87B |
| Net Income | 350.56M | 601.63M | 368.32M | -627.25M | 555.75M | 1.25B |
Balance Sheet | ||||||
| Total Assets | 21.51B | 20.05B | 18.22B | 17.94B | 17.78B | 15.21B |
| Cash, Cash Equivalents and Short-Term Investments | 2.22B | 2.23B | 1.58B | 1.78B | 1.64B | 1.71B |
| Total Debt | 11.86B | 10.76B | 9.77B | 11.18B | 9.80B | 5.79B |
| Total Liabilities | 14.22B | 12.85B | 11.61B | 13.11B | 12.21B | 9.28B |
| Stockholders Equity | 7.30B | 7.20B | 6.61B | 4.83B | 5.57B | 5.93B |
Cash Flow | ||||||
| Free Cash Flow | -1.44B | -367.69M | 479.88M | -1.34B | -2.20B | -424.40M |
| Operating Cash Flow | 655.32M | 1.03B | 1.36B | -316.18M | 692.11M | 397.78M |
| Investing Cash Flow | -2.11B | -1.60B | -526.81M | -1.22B | -2.84B | -387.27M |
| Financing Cash Flow | 1.98B | 1.27B | -935.81M | 1.38B | 2.44B | -2.76B |
Paiho Shih Holdings Corporation Peers Comparison
Overall Rating
TW:846778Outperform
TW:848259Neutral- TW:840453Neutral
TW:145543Neutral
TW:144442Neutral
TW:144732Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:8467 | 78Outperform | TWD 4.53B | 12.55 | ― | 5.75% | -13.68% | -46.39% |
| TW:8482 | 59Neutral | TWD 4.81B | 15.20 | ― | 4.34% | -1.87% | -8.08% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:8404 | 53Neutral | TWD 5.08B | 14.77 | ― | 4.20% | 3.76% | -76.04% |
| TW:1455 | 43Neutral | TWD 4.56B | 14.61 | ― | 1.86% | -22.22% | ― |
| TW:1444 | 42Neutral | TWD 5.96B | -20.94 | ― | ― | 1.94% | 28.28% |
| TW:1447 | 32Underperform | TWD 4.86B | -16.14 | ― | ― | -5.18% | 45.33% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:8404 | Paiho Shih Holdings Corporation | 11.90 | -12.54 | -51.32% | |
| TW:1444 | LeaLea Enterprise Co., Ltd. | 6.16 | -0.17 | -2.69% | |
| TW:1447 | Li Peng Enterprise Co., Ltd. | 5.89 | 0.45 | 8.27% | |
| TW:1455 | Zig Sheng Ind. Co., Ltd | 8.62 | 0.66 | 8.25% | |
| TW:8467 | Bonny Worldwide Ltd. | 87.00 | -53.52 | -38.09% | |
| TW:8482 | Shane Global Holding, Inc. | 45.15 | -1.06 | -2.30% |
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