China Times Co Ltd AI Stock Analysis
China Times Co Ltd (8923) AI Stock Analysis
China Times Co Ltd
(TPEx:8923)
China Times scores in the middle of the range. Its greatest strengths are financial resilience — minimal leverage, a solidly capitalised balance sheet, and a standout year of cash generation with free cash flow of NT$108 million — supported by an appealing ~5% dividend yield. These are tempered by stagnant revenue, a sharp compression in operating margin to under 4%, and a subdued 6% return on equity, which raise questions about core earnings durability. The technical backdrop adds pressure, with the price trading below all major moving averages and negative MACD momentum, while a P/E of 22.4 looks full for a no-growth publisher. The result is a stable income-oriented profile without clear catalysts for re-rating.
China Times Co Ltd (8923) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 557.40M
- Dividend Yield
- 4.93%
- Average Volume (3M)
- 11.00K
- Price to Earnings (P/E)
- 22.8
- Beta (1Y)
- -0.10
- Revenue Growth
- -1.19%
- EPS Growth
- -15.40%
- Country
- TW
- Employees
- 120
- Sector
- General
- Sector Strength
- 55
- Industry
- Publishing
China Times Co Ltd Business Overview & Revenue Model
Company Description
China Times Publishing Company specializes in the creation and global distribution of Chinese-language books, serving both its domestic market in Taiwan and international readerships. Its comprehensive catalog features an incredibly diverse array of...
China Times Co Ltd Financial Statement Overview
Summary
A stable, low-risk financial profile. The balance sheet is conservative (debt-to-equity of just 0.16, equity funding ~52% of assets) and cash generation is the clear highlight, with operating cash flow rising to NT$109.8 million and free cash flow surging to NT$108.1 million — nearly 98% of net income. Offsetting this, the income statement is weak on growth and core quality: revenue has been essentially flat for six years at around NT$447 million, operating margin compressed to 3.8% from 8.2%, operating profit has halved since 2021, and return on equity remains a modest 6.4%. Investors get safety and cash, but little growth or core earnings momentum.
Income Statement
54NeutralBalance Sheet
73PositiveCash Flow
79Positive| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 445.53M | 447.37M | 435.67M | 426.64M | 468.81M | 441.15M |
| Gross Profit | 185.07M | 199.11M | 193.97M | 193.55M | 196.40M | 185.99M |
| EBITDA | 47.44M | 60.42M | 77.90M | 73.95M | 67.06M | 72.18M |
| Net Income | 24.43M | 29.20M | 28.38M | 26.86M | 34.41M | 30.25M |
Balance Sheet | ||||||
| Total Assets | 920.36M | 885.58M | 890.49M | 853.91M | 879.96M | 800.02M |
| Cash, Cash Equivalents and Short-Term Investments | 274.93M | 265.06M | 240.25M | 236.83M | 254.33M | 228.58M |
| Total Debt | 69.71M | 74.43M | 85.50M | 56.40M | 82.63M | 29.14M |
| Total Liabilities | 477.23M | 426.90M | 436.04M | 404.83M | 427.54M | 356.36M |
| Stockholders Equity | 443.13M | 458.68M | 454.44M | 449.08M | 452.42M | 443.67M |
Cash Flow | ||||||
| Free Cash Flow | 74.55M | 108.15M | 26.89M | 16.49M | 36.35M | 57.49M |
| Operating Cash Flow | 76.18M | 109.83M | 72.31M | 62.75M | 81.12M | 89.30M |
| Investing Cash Flow | -54.35M | -54.89M | -41.68M | -72.42M | -37.65M | -19.70M |
| Financing Cash Flow | -32.82M | -36.89M | -30.88M | -56.61M | -28.64M | -37.20M |
China Times Co Ltd Peers Comparison
Overall Rating
- TW:892360Neutral
TW:527657Neutral
TW:494654Neutral
TW:614441Neutral
TW:845040Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:8923 | 60Neutral | TWD 557.40M | 22.81 | ― | 4.93% | -1.19% | -15.40% |
| TW:5276 | 57Neutral | TWD 645.83M | 15.80 | ― | 4.80% | 7.09% | 45.13% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:4946 | 54Neutral | TWD 802.95M | 40.35 | ― | ― | 34.01% | ― |
| TW:6144 | 41Neutral | TWD 516.69M | -12950.00 | ― | ― | -6.38% | ― |
| TW:8450 | 40Underperform | TWD 736.30M | -4.67 | ― | ― | 25.50% | 22.27% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:8923 | China Times Co Ltd | 18.25 | -0.85 | -4.45% | |
| TW:4946 | Cayenne Entertainment Technology Co., Ltd. | 89.00 | -24.00 | -21.24% | |
| TW:5276 | Da Hui Ltd. | 16.65 | 2.71 | 19.41% | |
| TW:6144 | Deltamac (Taiwan) Co., Ltd. | 13.25 | -7.65 | -36.60% | |
| TW:6780 | STUDY KING CO., LTD. | 37.00 | 7.23 | 24.30% | |
| TW:8450 | Pili International Multimedia Co., Ltd. | 14.35 | -2.80 | -16.33% |
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