Transart Graphics Co., Ltd. (Taiwan) (8481) AI Stock Analysis

Transart Graphics Co., Ltd. (Taiwan)

(TWSE:8481)

Select Model

Rating:65Neutral

Price Target:TWD 43.00▲(6.70% Upside)

Action:initiatedcoverage

Date:11/10/26

The overall score of 65 reflects a company with a strong financial foundation and attractive valuation, offset by operational headwinds and weak market momentum. The primary strengths are a pristine, debt-free balance sheet, robust cash flow generation, a low P/E ratio, and a very high dividend yield. These factors provide a margin of safety and income. The main weaknesses are a persistent decline in revenue and profit margins, which are confirmed by bearish technical indicators showing the stock trading below key moving averages with negative momentum. The company is financially safe and undervalued, but lacks a catalyst for near-term price appreciation until the negative earnings trend reverses.

Positive Factors

Very Conservative Balance SheetMinimal leverage gives the company substantial financial flexibility and limits refinancing exposure. This conservative balance sheet can support continued operations through weaker periods while preserving capacity for investment, dividends, or other capital allocation over the next several quarters.

Negative Factors

Inconsistent Revenue GrowthThe return to negative TTM revenue growth after a 2024 rebound points to an uneven demand or execution pattern. Persistently inconsistent top-line performance can limit operating leverage, make earnings harder to forecast, and constrain the durability of future profit growth.

Transart Graphics Co., Ltd. (Taiwan) (8481) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 2.70B
Dividend Yield: 6.82%
Average Volume (3M): 17.70K
Price to Earnings (P/E): 11.7
Beta (1Y): 0.22
Revenue Growth: 1.04%
EPS Growth: 4.64%
Country: TW
Employees: 600
Sector: General
Sector Strength: 55
Industry: Specialty Business Services

Transart Graphics Co., Ltd. (Taiwan) Business Overview & Revenue Model

Company Description

Transart Graphics Co., Ltd. operates internationally within the screen printing industry. The company specializes in producing and providing customized stickers, alongside water and heat transfer decals, primarily for enhancing corporate branding and...

Transart Graphics Co., Ltd. (Taiwan) Financial Statement Overview

Summary

Financial performance is a tale of two profiles. The balance sheet is exceptional with virtually no debt and a healthy 12.4% ROE. Cash flow is robust, with TTM operating cash flow exceeding net income by 1.52x and free cash flow growing 16.4%. However, the income statement is a concern, showing a multi-year decline in revenue and compressed margins. The overall financial health is solid due to fortress-like stability and strong cash generation, but the negative income trajectory caps the score.

Income Statement

45Neutral

Balance Sheet

85Very Positive

Cash Flow

78Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.18B	1.18B	1.12B	993.69M	1.46B	1.57B
Gross Profit	541.77M	558.16M	513.51M	428.36M	731.28M	796.92M
EBITDA	295.48M	297.81M	304.03M	207.46M	490.07M	578.42M
Net Income	225.69M	216.30M	200.68M	124.89M	294.97M	406.45M
Balance Sheet
Total Assets	2.07B	1.96B	1.91B	1.80B	2.05B	2.25B
Cash, Cash Equivalents and Short-Term Investments	1.04B	979.15M	893.13M	839.56M	925.60M	1.02B
Total Debt	10.07M	10.12M	16.44M	10.55M	13.53M	19.68M
Total Liabilities	371.83M	212.56M	215.91M	209.56M	334.77M	457.64M
Stockholders Equity	1.70B	1.74B	1.69B	1.59B	1.72B	1.80B
Cash Flow
Free Cash Flow	221.71M	279.53M	162.75M	128.70M	264.54M	304.47M
Operating Cash Flow	257.74M	313.96M	187.76M	168.23M	308.38M	361.31M
Investing Cash Flow	-187.58M	-369.48M	-251.17M	-39.22M	-16.64M	-140.59M
Financing Cash Flow	-176.83M	-177.06M	-140.74M	-260.33M	-440.17M	-472.27M

Transart Graphics Co., Ltd. (Taiwan) Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:8481 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:6498	74Outperform	TWD 2.48B	5.88	―	8.18%	11.55%	0.64%
TW:6754	68Neutral	TWD 2.64B	12.08	―	8.75%	-18.18%	-27.48%
TW:8481	65Neutral	TWD 2.66B	11.75	―	6.82%	1.04%	4.64%
TW:3038	60Neutral	TWD 2.87B	15.37	―	6.43%	-9.99%	1.97%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:2462	42Neutral	TWD 2.60B	27.86	―	1.18%	-4.39%	-87.95%
TW:8104	33Underperform	TWD 2.74B	-31.81	―	0.37%	-25.80%	-414.29%

* General Sector Average

Performance Comparison

TW:8481 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:8481	Transart Graphics Co., Ltd. (Taiwan)	40.30	1.78	4.61%
TW:2462	TAIWAN LINE TEK ELECTRONIC CO., LTD.	16.90	-4.81	-22.16%
TW:3038	Emerging Display Technologies Corp	18.65	-1.33	-6.63%
TW:6498	POWERTIP IMAGE CORP	55.00	-30.74	-35.85%
TW:6754	Rich Honour International Designs Co., Ltd.	40.00	-2.80	-6.54%
TW:8104	RiTdisplay Corp	26.30	-4.35	-14.19%

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

Transart Graphics Co., Ltd. (Taiwan) AI Stock Analysis