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momo.com Incorporated (8454) AI Stock Analysis

TW:8454

momo.com Incorporated

(TWSE:8454)

Select Model
Rating:59Neutral
Price Target:TWD 234.00â–²(8.84% Upside)
Action:initiatedcoverage
Date:11/09/26

The score reflects a financially solid but decelerating retailer. Low leverage, ~31% return on equity and reliable cash conversion are offset by the first revenue decline in years, three consecutive years of falling net income, razor-thin single-digit margins and a 43% drop in free cash flow due to heavy logistics investment. Technicals add pressure, with the price below all major moving averages and a negative MACD, though oversold readings suggest the selling may be stretched. A ~21x P/E and 4.5% dividend yield provide some support, leaving the shares as a stable, income-oriented but momentum-challenged holding.

Positive Factors
Strong profitability and ROEConsistently strong returns on equity indicate that momo.com is generating substantial earnings from shareholders’ capital. This supports internal funding capacity, demonstrates operating efficiency, and provides a durable profitability base even as growth and margins moderate.
Negative Factors
Weaker cash generationThe sharp decline in operating and free cash flow makes reported earnings less dependable as a source of reinvestment and shareholder returns. Cash conversion of only about 39% of net income also reduces financial flexibility and raises the importance of restoring cash efficiency.

momo.com Incorporated (8454) vs. SPDR S&P 500 ETF (SPY)

-50%-25%0%25%50%75%100%TW:8454-9.88%SPY+14.28%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
TWD 57.50B
Dividend Yield
4.65%
Average Volume (3M)
359.49K
Price to Earnings (P/E)
20.6
Beta (1Y)
0.47
Revenue Growth
1.08%
EPS Growth
-12.59%
Country
TW
Employees
1,774
Sector
General
Sector Strength
55
Industry
Specialty Retail

momo.com Incorporated Business Overview & Revenue Model

Company Description

Founded in 2004 and headquartered in Taipei, Taiwan, momo.com Inc. maintains a diverse operational footprint both domestically and across international markets. The company's activities span media, including the creation and dissemination of televisi...

momo.com Incorporated Financial Statement Overview

Summary

momo.com combines a conservative, high-return balance sheet (debt-to-equity of about 0.25, ~31% return on equity) with a weakening operating trend. Revenue declined roughly 3.5% in 2025 to NT$108.7 billion after years of rapid growth, while gross margin compressed to about 9.1% and operating margin to 3.0%, pushing net income down for a third straight year to NT$3.00 billion. Cash flow quality remains good (operating cash flow of NT$3.68 billion, 1.2x net income), but heavy capital spending cut free cash flow about 43% to NT$1.43 billion. Net: financially sound and consistently profitable, but in a clear profit and growth transition.

Income Statement

58Neutral

Balance Sheet

72Positive

Cash Flow

60Neutral
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue109.92B108.67B112.56B109.24B103.44B88.40B
Gross Profit10.03B9.92B10.52B10.54B10.27B8.94B
EBITDA4.54B4.65B5.68B5.67B5.50B5.12B
Net Income2.75B3.00B3.45B3.63B3.43B3.28B
Balance Sheet
Total Assets28.73B27.05B29.10B28.32B26.34B23.02B
Cash, Cash Equivalents and Short-Term Investments5.88B3.43B6.54B6.48B8.18B9.04B
Total Debt2.17B2.47B3.29B3.62B1.63B1.53B
Total Liabilities20.34B17.26B19.01B18.14B16.44B14.17B
Stockholders Equity8.30B9.71B10.00B10.09B9.82B8.76B
Cash Flow
Free Cash Flow3.52B1.43B4.31B2.34B2.64B5.08B
Operating Cash Flow5.29B3.68B6.08B3.66B5.33B5.72B
Investing Cash Flow-1.58B-2.17B-2.76B-1.47B-3.08B-158.00M
Financing Cash Flow-4.04B-4.09B-4.54B-4.05B-3.01B-1.81B

momo.com Incorporated Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TW:8454 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
TW:5904TW:590473OutperformTWD 81.75B62.31―3.32%13.02%29.92%
TW:8454TW:845459NeutralTWD 57.90B20.62―4.65%1.08%-12.59%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
TW:5903TW:590355NeutralTWD 41.07B22.58―3.53%6.93%8.29%
TW:2903TW:290351NeutralTWD 29.72B14.29―5.88%-0.95%0.72%

* General Sector Average

Performance Comparison

0%50%100%TW:8454TW:2903TW:5903TW:5904Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TW:8454 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TW:8454momo.com Incorporated215.00-19.66-8.38%
TW:2903Far Eastern Department Stores Ltd.21.25-0.07-0.35%
TW:5903Taiwan FamilyMart Co., Ltd.184.00-0.91-0.49%
TW:5904POYA International Co., Ltd.76.8033.8878.94%
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