Eagle Cold Storage Enterprise Co., Ltd. (8905) AI Stock Analysis

Eagle Cold Storage Enterprise Co., Ltd.

(TPEx:8905)

Select Model

Rating:53.25Neutral

Price Target:TWD 36.00▲(1.12% Upside)

Action:initiatedcoverage

Date:11/10/26

The overall score is constrained by a severe operational crisis, evidenced by a dramatic revenue collapse and margin compression, which overshadows the company's strong, debt-light balance sheet. While technicals show improving near-term momentum, the extremely high P/E ratio of 42.6 is a major red flag that is not supported by the deteriorating earnings base. The company's financial stability provides a floor, but the income statement weakness and rich valuation create substantial risk.

Positive Factors

Cold-chain logistics focusThe company serves a specialized temperature-controlled logistics role, covering storage, handling, and distribution for refrigerated and frozen goods. This operating focus provides a clear business identity and positions its facilities and processes around an essential segment of food logistics over the medium term.

Negative Factors

Sharp margin compressionThe steep decline in net margin shows that the company is retaining much less profit from each unit of revenue than it did previously. Continued pressure on operating and gross profitability could weaken earnings durability, reduce reinvestment capacity, and lower returns even if the business remains profitable.

Eagle Cold Storage Enterprise Co., Ltd. (8905) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 4.15B
Dividend Yield: 1.97%
Average Volume (3M): 9,293
Price to Earnings (P/E): 42.3
Beta (1Y): 0.07
Revenue Growth: 10.41%
EPS Growth: -5.43%
Country: TW
Employees: 150
Sector: General
Sector Strength: 55
Industry: Packaged Foods

Eagle Cold Storage Enterprise Co., Ltd. Business Overview & Revenue Model

Company Description

Eagle Cold Storage Enterprise Co., Ltd., along with its various subsidiaries, is a Taiwanese company primarily engaged in the preparation and commercialization of fresh produce and frozen meat products. Its operations are structured into three main d...

Eagle Cold Storage Enterprise Co., Ltd. Financial Statement Overview

Summary

Financial performance is deeply bifurcated. The balance sheet is a pillar of strength with a very low debt-to-equity ratio of 0.22, providing a strong safety net. Operating cash flow is robust at 250.1M TTM, with high-quality earnings (3.57x OCF/NI ratio). However, these strengths are severely undermined by a catastrophic 99.3% revenue collapse and compressed net margins of 3.3% on the income statement, indicating a fundamental operational crisis.

Income Statement

35Negative

Balance Sheet

72Positive

Cash Flow

55Neutral

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.23B	2.10B	2.05B	2.82B	2.26B	2.47B
Gross Profit	247.93M	205.14M	318.14M	492.44M	259.74M	432.68M
EBITDA	202.90M	187.18M	316.89M	442.02M	238.94M	409.21M
Net Income	96.88M	70.10M	156.00M	288.20M	132.02M	291.76M
Balance Sheet
Total Assets	3.69B	3.50B	3.51B	3.46B	3.67B	3.70B
Cash, Cash Equivalents and Short-Term Investments	299.79M	284.41M	338.23M	655.80M	450.36M	555.38M
Total Debt	623.69M	592.63M	544.86M	400.98M	386.55M	569.65M
Total Liabilities	951.12M	764.85M	737.69M	628.22M	1.06B	1.01B
Stockholders Equity	2.74B	2.74B	2.77B	2.83B	2.61B	2.70B
Cash Flow
Free Cash Flow	247.23M	97.43M	-89.28M	490.53M	307.23M	641.15M
Operating Cash Flow	293.94M	250.05M	42.14M	609.26M	409.07M	699.23M
Investing Cash Flow	-51.65M	-170.55M	-278.48M	-146.56M	-105.37M	-60.63M
Financing Cash Flow	-95.04M	-133.33M	-81.23M	-233.45M	-405.29M	-514.90M

Eagle Cold Storage Enterprise Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:8905 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:2755	70Outperform	TWD 4.12B	14.34	―	3.95%	19.14%	22.20%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:8905	53Neutral	TWD 4.11B	42.29	―	1.97%	10.41%	-5.43%
TW:8367	52Neutral	TWD 3.82B	12.17	―	7.01%	6.77%	-1.08%
TW:1219	46Neutral	TWD 3.82B	-21.57	―	4.55%	-1.38%	-285.88%
TW:1217	44Neutral	TWD 4.61B	14.55	―	2.69%	-0.12%	142.66%

* General Sector Average

Performance Comparison

TW:8905 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:8905	Eagle Cold Storage Enterprise Co., Ltd.	35.60	5.38	17.78%
TW:1217	AGV Products Corp.	9.23	-0.72	-7.25%
TW:1219	Fwusow Industry Co. Ltd.	10.95	-2.17	-16.57%
TW:2755	YoungQin International Co. Ltd.	88.60	-9.56	-9.74%
TW:7867	Test Rite Retail Co., Ltd.	43.00	-5.51	-11.35%
TW:8367	Chien Shing Harbour Service Co. Ltd.	40.80	-0.43	-1.04%

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

Eagle Cold Storage Enterprise Co., Ltd. AI Stock Analysis