Kingcan Holdings Ltd (8411) AI Stock Analysis

Kingcan Holdings Ltd

(TWSE:8411)

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Rating:40Underperform

Price Target:TWD 10.50▼(-1.41% Downside)

Action:initiatedcoverage

Date:11/10/26

The score is primarily constrained by weak profitability and severely reduced free cash flow, with nearly debt-equivalent leverage adding financial risk. Bearish technical positioning and limited valuation support further reduce the score, although the oversold RSI provides a modest counterpoint.

Positive Factors

Serviceable Balance SheetManageable leverage and relatively stable assets and equity provide a financial base for ongoing operations. Although earnings weakness raises risk, the company is not described as excessively levered, preserving some flexibility to address business volatility over the next several quarters.

Negative Factors

Severe Revenue DeclineAn 80.8% revenue contraction materially weakens the company’s scale, operating leverage, and earnings outlook. Unless sales recover, fixed costs are harder to absorb and the business has less capacity to fund investment, service obligations, or rebuild sustainable profitability.

Kingcan Holdings Ltd (8411) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 2.25B
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

Weak overall financial performance: profitability and cash flow scores were very low, reflecting sharply lower revenue, recurring losses, compressed margins, and severely reduced free cash flow. The relatively stable balance sheet provides limited support, but leverage is nearly equal to equity.

Income Statement

25Negative

Balance Sheet

55Neutral

Cash Flow

20Very Negative

Financial statement breakdown
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

UnderperformOutperform

Sector (55)

Financial Indicators

TW:8411 against its peers
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:8411	40Underperform	TWD 2.34B	41.47	―	0.94%	16.10%	―
TW:9919	39Underperform	TWD 2.50B	-4.00	―	1.56%	-7.03%	-104.89%

* General Sector Average

Performance Comparison

TW:8411 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:8411	Kingcan Holdings Ltd	10.65	-1.80	-14.46%
TW:1473	Tainan Enterprises Co., Ltd.	16.80	-7.99	-32.24%
TW:2916	Munsin Garment Corporation	39.40	-6.44	-14.04%
TW:6504	Nan Liu Enterprise Co., Ltd	37.20	-5.88	-13.65%
TW:6754	Rich Honour International Designs Co., Ltd.	40.00	-2.80	-6.54%
TW:9919	KNH Enterprise Co., Ltd.	12.70	-4.30	-25.29%

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

Kingcan Holdings Ltd AI Stock Analysis