KNH Enterprise Co., Ltd. (9919) AI Stock Analysis

KNH Enterprise Co., Ltd.

(TWSE:9919)

Select Model

Rating:39Underperform

Price Target:TWD 12.00▼(-5.51% Downside)

Action:initiatedcoverage

Date:11/10/26

The score is primarily constrained by severely weak financial performance, including losses, negative margins, leverage, and negative cash flow. Bearish technical conditions and a negative P/E ratio provide additional downside pressure, with oversold momentum and the dividend yield offering limited support.

Positive Factors

Positive Equity BasePositive equity provides a remaining capital cushion while the company works through weak profitability and cash generation. Although returns have deteriorated, the absence of reported negative equity preserves some financial resilience and may support continued operations and restructuring flexibility.

Negative Factors

Sustained Profitability DeteriorationProfitability has deteriorated from earlier strong performance into sustained recent losses, with exceptionally thin gross margin and deeply negative net margin in 2025. This weak earnings base limits internally funded investment, reduces resilience, and makes a durable recovery dependent on operational improvement.

KNH Enterprise Co., Ltd. (9919) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 2.50B
Dividend Yield: 1.56%
Average Volume (3M): 622.17K
Price to Earnings (P/E): -4.0
Beta (1Y): 0.46
Revenue Growth: -7.03%
EPS Growth: -104.89%
Country: TW
Employees: 1,110
Sector: General
Sector Strength: 55
Industry: Household & Personal Products

KNH Enterprise Co., Ltd. Business Overview & Revenue Model

Company Description

KNH Enterprise Co., Ltd. engages in the manufacture and sale of household and hygiene goods, non-woven fabric products, and machinery equipment in Taiwan, China, Hong Kong, India, England, Japan, and internationally. Its personal care products includ...

KNH Enterprise Co., Ltd. Financial Statement Overview

Summary

Very weak financial condition: declining revenue, deeply negative margins, worsening net losses, elevated leverage, falling equity, and negative operating and free cash flow.

Income Statement

12Very Negative

Balance Sheet

35Negative

Cash Flow

20Very Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.67B	2.67B	2.94B	2.94B	3.35B	4.03B
Gross Profit	75.09M	67.05M	341.68M	126.12M	309.48M	801.16M
EBITDA	-501.12M	-342.34M	-86.16M	1.42B	50.93M	487.19M
Net Income	-624.75M	-473.99M	-368.46M	658.68M	-262.58M	98.55M
Balance Sheet
Total Assets	5.68B	6.06B	6.69B	7.88B	6.80B	6.87B
Cash, Cash Equivalents and Short-Term Investments	1.01B	1.33B	1.63B	2.62B	1.07B	1.15B
Total Debt	3.07B	3.20B	3.23B	3.67B	3.47B	3.20B
Total Liabilities	3.82B	3.95B	4.08B	4.95B	4.44B	4.23B
Stockholders Equity	1.86B	2.10B	2.61B	2.93B	2.36B	2.64B
Cash Flow
Free Cash Flow	-261.30M	-194.10M	-609.21M	-310.60M	-355.58M	-419.00M
Operating Cash Flow	-170.05M	-85.90M	-418.25M	-92.71M	-4.66M	426.01M
Investing Cash Flow	45.49M	-130.72M	845.06M	541.82M	-330.09M	-696.66M
Financing Cash Flow	-13.09M	-72.09M	-492.10M	167.72M	226.49M	121.92M

KNH Enterprise Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

TW:9919 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:2916	73Outperform	TWD 2.57B	9.90	―	9.14%	0.95%	-8.03%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
TW:8433	52Neutral	TWD 2.68B	7.66	―	8.55%	9.23%	66.23%
TW:6504	41Neutral	TWD 2.58B	-547.06	―	2.69%	-1.43%	92.88%
TW:8411	39Underperform	TWD 2.34B	41.47	―	0.94%	16.10%	―
TW:9919	39Underperform	TWD 2.50B	-4.00	―	1.56%	-7.03%	-104.89%

* General Sector Average

Performance Comparison

TW:9919 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:9919	KNH Enterprise Co., Ltd.	12.70	-4.15	-24.63%
TW:2916	Munsin Garment Corporation	39.40	-6.62	-14.39%
TW:6504	Nan Liu Enterprise Co., Ltd	37.20	-4.91	-11.66%
TW:8345	Super Qin Enterprise Co.,Ltd.	45.35	-1.82	-3.85%
TW:8411	Kingcan Holdings Ltd	10.65	-1.85	-14.80%
TW:8433	Bon Fame Co., Ltd.	49.15	-0.50	-1.00%

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

KNH Enterprise Co., Ltd. AI Stock Analysis