Kingcan Holdings Ltd AI Stock Analysis
Kingcan Holdings Ltd (8411) AI Stock Analysis
Kingcan Holdings Ltd
(TWSE:8411)
Kingcan Holdings scores low primarily because of deteriorating profitability: margins have compressed every year since 2020, operations have slipped back into loss, net losses are widening, and free cash flow has nearly disappeared while debt-to-equity has risen toward 1.0. Technicals reinforce the caution, with the price below all key moving averages and a negative MACD, although an RSI near 29 suggests the selling is extended. Valuation offers little support, as a ~32x P/E and a sub-1% dividend yield are hard to justify against loss-making results. Revenue growth, positive EBITDA and operating cash flow, and a stable NT$13.4 billion asset base are the main offsets; a sustained margin recovery and lower capital spending would be needed to improve the outlook.
Kingcan Holdings Ltd (8411) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 2.27B
- Dividend Yield
- 0.94%
- Average Volume (3M)
- 131.62K
- Price to Earnings (P/E)
- 41.5
- Beta (1Y)
- 0.18
- Revenue Growth
- 16.10%
- EPS Growth
- ―
- Country
- TW
- Employees
- 933
- Sector
- General
- Sector Strength
- 55
- Industry
- Packaging & Containers
Kingcan Holdings Ltd Business Overview & Revenue Model
Company Description
Kingcan Holdings Limited primarily focuses on the research, development, production, and sale of metal food and beverage packaging, along with necessary raw materials, within China. The company's operations encompass the manufacturing, import, and ex...
Kingcan Holdings Ltd Financial Statement Overview
Summary
Financials are the weakest part of the story. Revenue has grown steadily from roughly NT$5.8 billion in 2020 to about NT$9.2 billion, but gross margin has compressed every year to just 6.4%, the company swung to an operating loss of about NT$66 million, and the net loss widened to roughly NT$150 million. The balance sheet is stable with equity funding about 44% of assets, yet debt-to-equity has climbed to near 1.0 while equity has been flat for four years and ROE is negative. Cash flow remains positive at about NT$295 million from operations, but that is down sharply from NT$709 million, and heavy capital spending has cut free cash flow to roughly NT$19 million, leaving almost no surplus to reduce debt.
Income Statement
29NegativeBalance Sheet
44NeutralCash Flow
38Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.03B | 9.19B | 8.95B | 8.26B | 8.68B | 7.81B |
| Gross Profit | 781.83M | 591.04M | 805.13M | 842.65M | 722.16M | 807.47M |
| EBITDA | 647.94M | 414.93M | 650.93M | 705.06M | 276.30M | 815.77M |
| Net Income | 74.76M | -150.02M | -53.92M | 31.80M | -304.29M | 389.87M |
Balance Sheet | ||||||
| Total Assets | 13.66B | 13.35B | 13.40B | 12.71B | 12.99B | 12.79B |
| Cash, Cash Equivalents and Short-Term Investments | 1.99B | 2.02B | 1.76B | 1.62B | 2.26B | 1.39B |
| Total Debt | 3.28B | 5.79B | 5.75B | 5.40B | 5.44B | 5.37B |
| Total Liabilities | 7.33B | 7.33B | 7.38B | 6.81B | 6.98B | 6.93B |
| Stockholders Equity | 6.18B | 5.87B | 5.86B | 5.75B | 5.85B | 5.72B |
Cash Flow | ||||||
| Free Cash Flow | 709.75M | 19.49M | 264.19M | -431.51M | 105.07M | -557.66M |
| Operating Cash Flow | 966.04M | 294.87M | 709.12M | 131.99M | 1.17B | -107.13M |
| Investing Cash Flow | -313.08M | -335.49M | -496.54M | -577.04M | -995.26M | -1.32B |
| Financing Cash Flow | -717.75M | 192.57M | -211.71M | -145.73M | 528.80M | 698.37M |
Kingcan Holdings Ltd Peers Comparison
Overall Rating
TW:291673Outperform
TW:675468Neutral
TW:147350Neutral
TW:650441Neutral
TW:991939Underperform- TW:841139Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:2916 | 73Outperform | TWD 2.57B | 9.90 | ― | 9.14% | 0.95% | -8.03% |
| TW:6754 | 68Neutral | TWD 2.64B | 12.08 | ― | 8.75% | -18.18% | -27.48% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:1473 | 50Neutral | TWD 2.45B | 717.95 | ― | 2.98% | -12.48% | -98.35% |
| TW:6504 | 41Neutral | TWD 2.58B | -547.06 | ― | 2.69% | -1.43% | 92.88% |
| TW:9919 | 39Underperform | TWD 2.50B | -4.00 | ― | 1.56% | -7.03% | -104.89% |
| TW:8411 | 39Underperform | TWD 2.34B | 41.47 | ― | 0.94% | 16.10% | ― |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:8411 | Kingcan Holdings Ltd | 10.65 | -1.85 | -14.80% | |
| TW:1473 | Tainan Enterprises Co., Ltd. | 16.80 | -8.24 | -32.90% | |
| TW:2916 | Munsin Garment Corporation | 39.40 | -6.62 | -14.39% | |
| TW:6504 | Nan Liu Enterprise Co., Ltd | 37.20 | -4.91 | -11.66% | |
| TW:6754 | Rich Honour International Designs Co., Ltd. | 40.00 | -2.80 | -6.54% | |
| TW:9919 | KNH Enterprise Co., Ltd. | 12.70 | -4.15 | -24.63% |
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