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Bonny Worldwide Ltd. (8467) AI Stock Analysis

TW:8467

Bonny Worldwide Ltd.

(TWSE:8467)

Select Model
Rating:78Outperform
Price Target:TWD 111.00â–²(27.59% Upside)
Action:initiatedcoverage
Date:11/10/26

Robust financial performance with strong cash generation and stable balance sheet is the primary driver. Attractive valuation with high dividend yield provides additional support, while technical indicators show moderate positive short-term momentum.

Positive Factors
Strong ProfitabilityStrong operating and net margins indicate that the company retains meaningful profitability even as recent revenue softened. This earnings quality can support internal reinvestment, dividend capacity, and resilience over the next several quarters if margins remain broadly stable.
Negative Factors
Revenue ContractionThe latest revenue decline shows that demand or business activity lost momentum after a period of scale expansion. Persistent top-line weakness could reduce operating leverage, limit reinvestment capacity, and make it harder to sustain the company’s otherwise strong profitability.

Bonny Worldwide Ltd. (8467) vs. SPDR S&P 500 ETF (SPY)

-60%-40%-20%0%20%40%TW:8467-36.39%SPY+14.28%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
Market Cap
TWD 4.28B
Dividend Yield
5.75%
Average Volume (3M)
26.57K
Price to Earnings (P/E)
12.6
Beta (1Y)
0.51
Revenue Growth
-13.68%
EPS Growth
-46.39%
Country
TW
Employees
1,007
Sector
General
Sector Strength
55
Industry
Leisure

Bonny Worldwide Ltd. Business Overview & Revenue Model

Company Description

Bonny Worldwide Limited, together with its subsidiaries, engages in the manufacture and sale of OEM and ODM carbon fiber rackets and related sporting goods in China. The company offers hockey sticks, tennis and badminton rackets, and carbon fiber rim...

Bonny Worldwide Ltd. Financial Statement Overview

Summary

Solid profitability with gross margins at 42% and net margin of 21%, robust cash flow nearly doubling to 986 million, and growing equity base, though recent revenue decline and rising debt are noted.

Income Statement

74Positive

Balance Sheet

79Positive

Cash Flow

86Very Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Mar 2024Dec 2022Dec 2021
Income Statement
Total Revenue2.26B2.43B2.47B1.99B1.96B1.41B
Gross Profit872.80M1.02B1.01B778.56M736.74M466.34M
EBITDA569.46M735.98M852.93M621.25M630.34M273.91M
Net Income311.92M508.50M589.62M386.87M406.78M97.91M
Balance Sheet
Total Assets4.87B4.67B4.24B3.41B3.22B2.80B
Cash, Cash Equivalents and Short-Term Investments1.95B2.16B1.72B1.08B688.63M591.18M
Total Debt1.68B1.39B951.42M1.10B1.18B1.10B
Total Liabilities2.28B1.80B1.39B1.38B1.61B1.35B
Stockholders Equity2.59B2.87B2.85B2.04B1.61B1.44B
Cash Flow
Free Cash Flow267.75M751.14M374.84M387.36M32.32M-111.85M
Operating Cash Flow547.29M985.89M526.13M459.32M169.94M34.18M
Investing Cash Flow-364.94M-200.80M-55.66M116.94M-31.55M-288.06M
Financing Cash Flow-167.48M-64.86M-2.14M-129.91M-46.07M208.24M

Bonny Worldwide Ltd. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

TW:8467 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
TW:8467TW:846778OutperformTWD 4.53B12.55―5.75%-13.68%-46.39%
TW:1527TW:152758NeutralTWD 4.13B14.00―5.08%-14.67%47.26%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%
TW:8404TW:840453NeutralTWD 5.08B14.77―4.20%3.76%-76.04%
TW:1525TW:152548NeutralTWD 4.55B29.90―4.52%3.84%-46.54%
TW:1528TW:152844NeutralTWD 4.70B-82.94―0.39%2.48%45.58%
TW:1455TW:145543NeutralTWD 4.56B14.61―1.86%-22.22%―

* General Sector Average

Performance Comparison

-50%0%50%100%TW:8467TW:1455TW:1525TW:1527TW:1528TW:8404Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26Nov '26
TW:8467 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
TW:8467Bonny Worldwide Ltd.87.00-53.52-38.09%
TW:1455Zig Sheng Ind. Co., Ltd8.620.668.25%
TW:1525Kian Shen Corporation61.901.772.95%
TW:1527Basso Industry Corp. Ltd.29.55-1.79-5.72%
TW:1528Anderson Industrial Corp.28.2013.5592.49%
TW:8404Paiho Shih Holdings Corporation11.90-12.54-51.32%
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 10, 2026