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Paiho Shih Holdings Corporation (8404) AI Stock Analysis

TW:8404

Paiho Shih Holdings Corporation

(TWSE:8404)

Select Model
Rating:59Neutral
Price Target:TWD 13.00â–²(9.24% Upside)
Action:initiatedcoverage
Date:11/10/26

The score is constrained primarily by negative free cash flow and weak technical momentum despite strong earnings recovery, improving margins, and reasonable valuation. The weighted average is 58.655, rounded to 59.

Positive Factors
Revenue and Margin RecoveryStrong revenue acceleration and recovered profitability indicate renewed demand and improved operating execution. The solid 2025 EBIT and gross margins provide an earnings base for reinvestment and support the potential for sustained improvement over the next several quarters.
Negative Factors
Elevated LeverageAlthough leverage has improved, debt remains high enough to constrain financial flexibility during a weaker earnings period. Interest and refinancing obligations could compete with investment or shareholder returns, making the recovery more vulnerable if demand softens.

Paiho Shih Holdings Corporation (8404) vs. SPDR S&P 500 ETF (SPY)

-60%-50%-40%-30%-20%-10%0%10%20%TW:8404-51.51%SPY+14.28%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
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 recovered strongly, with higher revenue, net income, and margins, while equity and leverage improved. However, negative free cash flow, declining operating cash flow, remaining leverage, and earnings volatility materially weaken financial quality.

Income Statement

78Positive

Balance Sheet

65Positive

Cash Flow

38Negative
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue7.67B7.58B7.00B5.27B8.07B10.14B
Gross Profit2.64B2.92B2.61B1.55B2.74B3.80B
EBITDA1.89B2.07B1.86B691.55M1.77B2.87B
Net Income350.56M601.63M368.32M-627.25M555.75M1.25B
Balance Sheet
Total Assets21.51B20.05B18.22B17.94B17.78B15.21B
Cash, Cash Equivalents and Short-Term Investments2.22B2.23B1.58B1.78B1.64B1.71B
Total Debt11.86B10.76B9.77B11.18B9.80B5.79B
Total Liabilities14.22B12.85B11.61B13.11B12.21B9.28B
Stockholders Equity7.30B7.20B6.61B4.83B5.57B5.93B
Cash Flow
Free Cash Flow-1.44B-367.69M479.88M-1.34B-2.20B-424.40M
Operating Cash Flow655.32M1.03B1.36B-316.18M692.11M397.78M
Investing Cash Flow-2.11B-1.60B-526.81M-1.22B-2.84B-387.27M
Financing Cash Flow1.98B1.27B-935.81M1.38B2.44B-2.76B

Paiho Shih Holdings Corporation Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TW:8404 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
TW:8467TW:846778OutperformTWD 4.53B12.55―5.75%-13.68%-46.39%
TW:8482TW:848259NeutralTWD 4.81B15.20―4.34%-1.87%-8.08%
TW:8404TW:840459NeutralTWD 5.08B14.77―4.20%3.76%-76.04%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
TW:1455TW:145543NeutralTWD 4.56B14.61―1.86%-22.22%―
TW:1444TW:144442NeutralTWD 5.96B-20.94――1.94%28.28%
TW:1447TW:144732UnderperformTWD 4.86B-16.14――-5.18%45.33%

* General Sector Average

Performance Comparison

-50%0%50%TW:8404TW:1444TW:1447TW:1455TW:8467TW:8482Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TW:8404 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TW:8404Paiho Shih Holdings Corporation11.90-12.54-51.32%
TW:1444LeaLea Enterprise Co., Ltd.6.16-0.17-2.69%
TW:1447Li Peng Enterprise Co., Ltd.5.890.458.27%
TW:1455Zig Sheng Ind. Co., Ltd8.620.668.25%
TW:8467Bonny Worldwide Ltd.87.00-53.52-38.09%
TW:8482Shane Global Holding, Inc.45.15-1.06-2.30%
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