Zimmite Taiwan Ltd. (8435) AI Stock Analysis

Zimmite Taiwan Ltd.

(TPEx:8435)

Select Model

Rating:72Outperform

Price Target:TWD 57.00▲(9.62% Upside)

Action:initiatedcoverage

Date:11/10/26

The overall score of 72 reflects a company with exceptional financial fundamentals and an attractive valuation, weighed down by a weak technical trend. The fortress-like balance sheet, strong cash flows, and a 6.2% dividend yield are the primary strengths, offering a margin of safety and income. However, the stock is in a clear downtrend, trading below all key moving averages with weak momentum, which presents a significant headwind. The core long-term risk remains the company's inability to grow its top line, a factor that tempers the otherwise high-quality financial profile.

Positive Factors

Strong ProfitabilityPersistently high gross, operating, and net margins indicate strong earnings economics and provide resilience against moderate changes in costs or demand. This profitability should support internal reinvestment, dividend capacity, and continued financial flexibility over the next several quarters.

Negative Factors

Revenue ContractionThe recent revenue decline shows that strong profitability has not been matched by dependable top-line expansion. If weaker volume or demand persists, a smaller revenue base could limit operating leverage, reduce growth prospects, and make future earnings more dependent on margin preservation.

Zimmite Taiwan Ltd. (8435) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 1.84B
Dividend Yield: 6.15%
Average Volume (3M): 22.66K
Price to Earnings (P/E): 9.5
Beta (1Y): 0.15
Revenue Growth: 6.13%
EPS Growth: 40.82%
Country: TW
Employees: 30
Sector: General
Sector Strength: 55
Industry: Chemicals

Zimmite Taiwan Ltd. Business Overview & Revenue Model

Company Description

Zimmite Taiwan Ltd. is a specialist in industrial water treatment, operating across both Taiwan and China. The company offers an extensive range of chemical solutions designed for various applications. Its product portfolio includes: Cooling water sy...

Zimmite Taiwan Ltd. Financial Statement Overview

Summary

The company's financial health is robust, anchored by a pristine balance sheet with near-zero debt and strong cash flow generation that comfortably covers net income. Profitability is high with a 50% gross margin and 20% net margin. However, the score is capped by a clear stagnation in revenue, which declined 3% in the most recent year, posing a risk to long-term growth.

Income Statement

72Positive

Balance Sheet

95Very Positive

Cash Flow

85Very Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	644.13M	617.86M	721.07M	706.32M	768.82M	773.14M
Gross Profit	305.34M	306.29M	355.38M	344.66M	347.64M	380.40M
EBITDA	150.04M	163.81M	224.38M	209.32M	193.56M	193.77M
Net Income	178.46M	123.91M	148.49M	138.52M	126.78M	127.89M
Balance Sheet
Total Assets	1.41B	949.88M	997.24M	980.08M	1.03B	1.03B
Cash, Cash Equivalents and Short-Term Investments	592.84M	571.44M	580.54M	551.18M	570.79M	579.95M
Total Debt	94.25M	10.87M	11.21M	14.52M	12.19M	14.64M
Total Liabilities	393.52M	156.03M	185.03M	196.49M	258.11M	268.82M
Stockholders Equity	940.11M	793.85M	812.22M	783.58M	769.97M	759.63M
Cash Flow
Free Cash Flow	102.82M	138.56M	163.21M	101.34M	125.56M	153.01M
Operating Cash Flow	110.39M	143.38M	173.44M	115.82M	136.76M	169.84M
Investing Cash Flow	-61.59M	43.98M	-28.82M	-117.54M	-40.49M	-282.74M
Financing Cash Flow	27.65M	-151.21M	-136.31M	-130.29M	-130.19M	-120.94M

Zimmite Taiwan Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:8435 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:8435	72Outperform	TWD 1.83B	9.52	―	6.15%	6.13%	40.82%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:6823	32Underperform	TWD 1.73B	-5.19	―	―	10.22%	-89.58%

* General Sector Average

Performance Comparison

TW:8435 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:8435	Zimmite Taiwan Ltd.	52.00	1.52	3.00%
TW:6812	SAULTECH Technology Co., Ltd.	67.80	18.70	38.09%
TW:6823	Greenfiltec Ltd.	52.20	-28.30	-35.16%
TW:6887	BORETECH Resource Recovery Engineering Co Ltd	26.25	-33.45	-56.03%
TW:7507	Enrestec, Inc.	17.05	-23.95	-58.41%
TW:7857	AsWater Advanced Envirotech Ltd	24.20	-18.01	-42.67%

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

Zimmite Taiwan Ltd. AI Stock Analysis