Ton Yi Industrial Corp. (9907) AI Stock Analysis

Ton Yi Industrial Corp.

(TWSE:9907)

Select Model

Rating:69Neutral

Price Target:TWD 15.50▲(11.11% Upside)

Action:initiatedcoverage

Date:11/10/26

The score is supported primarily by solid financial performance, particularly the healthy balance sheet and improved profitability. Attractive dividend income also helps, but weak technical momentum, declining revenue, and softer free cash flow limit the overall score.

Positive Factors

Improving Profitability2025 net income and EBIT and gross margins improved materially versus 2024, showing stronger current profitability. If maintained, the higher earnings base can support reinvestment and shareholder returns, while improved operating margins provide greater resilience than the prior year.

Negative Factors

Revenue ContractionThe lack of consistent top-line growth limits operating leverage and makes future profit expansion more dependent on margins rather than increasing demand. Continued revenue weakness could constrain reinvestment capacity and leave earnings more exposed to volume or pricing pressure.

Ton Yi Industrial Corp. (9907) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 21.95B
Dividend Yield: 8.46%
Average Volume (3M): 1.47M
Price to Earnings (P/E): 21.1
Beta (1Y): 0.16
Revenue Growth: -11.46%
EPS Growth: -52.40%
Country: TW
Employees: 2,618
Sector: General
Sector Strength: 55
Industry: Packaging & Containers

Ton Yi Industrial Corp. Business Overview & Revenue Model

Company Description

Ton Yi Industrial Corp. specializes in the production, processing, and global distribution of a diverse range of steel cans and tin plate products, operating across Taiwan, mainland China, and other international markets. The company supplies thin-ga...

Ton Yi Industrial Corp. Financial Statement Overview

Summary

Improved profitability, lower leverage, stronger operating cash flow, and a solid balance sheet support the score. Weaker revenue growth and declining free cash flow are notable limitations.

Income Statement

78Positive

Balance Sheet

85Very Positive

Cash Flow

72Positive

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	42.58B	45.64B	44.86B	35.24B	43.48B	41.89B
Gross Profit	4.55B	6.13B	5.47B	3.34B	6.44B	5.45B
EBITDA	5.14B	6.03B	5.26B	3.97B	5.82B	5.22B
Net Income	1.50B	2.15B	1.53B	681.16M	2.25B	1.85B
Balance Sheet
Total Assets	35.52B	34.48B	34.92B	32.57B	34.91B	37.85B
Cash, Cash Equivalents and Short-Term Investments	5.35B	4.03B	4.05B	3.31B	3.17B	2.70B
Total Debt	6.09B	6.33B	7.36B	8.22B	7.83B	12.05B
Total Liabilities	13.76B	12.19B	13.21B	12.64B	12.75B	16.90B
Stockholders Equity	20.88B	21.40B	20.76B	18.95B	21.05B	19.76B
Cash Flow
Free Cash Flow	3.62B	3.38B	1.80B	2.28B	6.12B	-607.72M
Operating Cash Flow	5.45B	5.45B	3.13B	3.33B	7.16B	646.32M
Investing Cash Flow	-1.80B	-2.05B	-1.32B	-1.05B	-980.81M	-1.27B
Financing Cash Flow	-2.85B	-3.44B	-1.35B	-1.95B	-5.81B	814.75M

Ton Yi Industrial Corp. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:9907 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:1232	74Outperform	TWD 25.44B	15.23	―	4.53%	13.49%	29.82%
TW:9907	69Neutral	TWD 21.63B	21.09	―	8.46%	-11.46%	-52.40%
TW:1231	62Neutral	TWD 22.72B	15.64	―	2.15%	1.38%	29.12%
TW:1227	57Neutral	TWD 23.66B	19.00	―	5.22%	3.12%	-6.89%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:1904	50Neutral	TWD 25.82B	10.93	―	1.91%	-3.09%	1111.63%
TW:1314	32Underperform	TWD 28.88B	-9.58	―	―	-34.68%	-40.38%

* General Sector Average

Performance Comparison

TW:9907 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:9907	Ton Yi Industrial Corp.	13.95	-3.20	-18.64%
TW:1227	Standard Foods Corporation	25.65	-3.92	-13.24%
TW:1231	Lian Hwa Foods Corporation	69.90	-13.96	-16.64%
TW:1232	TTET Union Corporation	159.00	22.37	16.37%
TW:1314	China Petrochemical Development Corporation	7.56	-1.32	-14.86%
TW:1904	Cheng Loong Corp.	23.60	5.71	31.89%

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

Ton Yi Industrial Corp. AI Stock Analysis