Samebest Co., Ltd. (8489) AI Stock Analysis

Samebest Co., Ltd.

(TPEx:8489)

Select Model

Rating:45Neutral

Price Target:TWD 20.50▼(-4.65% Downside)

Action:initiatedcoverage

Date:11/10/26

The overall score is 45, driven primarily by financial pressure from persistent losses and increased leverage. Improving revenue, margins, and positive cash generation provide support, but weak technical momentum and a relatively high P/E ratio limit the score.

Positive Factors

Revenue Re-accelerationRevenue growth re-accelerating from near-flat in 2024 to about 8% in 2025 indicates improving demand and business activity. If sustained, this gives the company a broader base for operating leverage and reinvestment, while supporting recovery in earnings over the next several quarters.

Negative Factors

Higher LeverageThe substantial increase in debt-to-equity shows heavier reliance on debt financing and reduces financial flexibility. Higher leverage leaves less capacity to absorb weaker operating results or fund growth internally, making a sustained improvement in profitability more important to balance-sheet resilience.

Samebest Co., Ltd. (8489) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 1.30B
Dividend Yield: ―
Average Volume (3M): 55.57K
Price to Earnings (P/E): 17.2
Beta (1Y): 0.38
Revenue Growth: 45.76%
EPS Growth: ―
Country: TW
Employees: 180
Sector: General
Sector Strength: 55
Industry: Education & Training Services

Samebest Co., Ltd. Business Overview & Revenue Model

Company Description

Samebest Co., Ltd. is dedicated to the creation and advancement of digital, cloud-based educational platforms, primarily targeting the market in Taiwan. The company also designs customized, interactive learning experiences by integrating both virtual...

Samebest Co., Ltd. Financial Statement Overview

Summary

Financial performance is mixed: revenue, gross margin, EBIT, and operating cash flow improved, but persistent net losses, declining free cash flow, and materially higher leverage remain significant weaknesses.

Income Statement

48Neutral

Balance Sheet

35Negative

Cash Flow

55Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.79B	1.43B	1.36B	1.34B	130.85M	1.33B
Gross Profit	950.39M	757.79M	639.05M	604.85M	109.77M	642.90M
EBITDA	314.10M	180.01M	162.91M	176.21M	-22.68M	211.79M
Net Income	39.56M	-31.95M	-44.70M	-35.55M	-39.14M	-28.79M
Balance Sheet
Total Assets	3.85B	3.85B	1.81B	1.89B	718.95M	1.86B
Cash, Cash Equivalents and Short-Term Investments	1.43B	1.50B	980.95M	873.61M	97.70M	984.42M
Total Debt	1.33B	1.63B	597.61M	563.25M	187.71M	349.50M
Total Liabilities	2.46B	2.42B	1.07B	1.13B	227.11M	881.84M
Stockholders Equity	951.68M	929.87M	427.21M	435.31M	491.84M	559.08M
Cash Flow
Free Cash Flow	372.53M	184.67M	179.87M	83.22M	-5.71M	221.67M
Operating Cash Flow	407.56M	228.23M	217.11M	159.26M	2.80M	249.00M
Investing Cash Flow	-597.03M	-851.95M	-8.03M	-230.57M	-69.63M	8.88M
Financing Cash Flow	739.58M	802.73M	-20.52M	-87.45M	69.95M	-218.91M

Samebest Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:8489 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:6856	63Neutral	TWD 1.15B	13.18	―	7.33%	0.20%	32.59%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:8489	45Neutral	TWD 1.23B	17.21	―	―	45.76%	―
TW:6542	44Neutral	TWD 1.32B	55.36	―	0.07%	20.18%	―
TW:6118	43Neutral	TWD 1.32B	32.46	―	―	9.38%	-10.15%
TW:9928	34Underperform	TWD 1.16B	-11.24	―	―	7.48%	-0.52%

* General Sector Average

Performance Comparison

TW:8489 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:8489	Samebest Co., Ltd.	21.50	-18.65	-46.45%
TW:6118	Xander International Corp.	14.50	-5.30	-26.77%
TW:6542	Gamesparcs Co., Ltd.	31.40	-12.33	-28.20%
TW:6856	Shine Trend International Multimedia Technology Co Ltd	40.90	-11.41	-21.82%
TW:9928	China Television Co., Ltd.	16.30	-1.70	-9.44%

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

Samebest Co., Ltd. AI Stock Analysis