Tittot Co., Ltd. AI Stock Analysis
Tittot Co., Ltd. (9949) AI Stock Analysis
Tittot Co., Ltd.
(TPEx:9949)
Tittot scores at the low end primarily because of weak financial performance: shrinking revenue, operating losses in every period shown, and continuous cash burn, with the 2025 headline profit driven by one-off gains rather than the core business. A debt-free balance sheet and gross margins above 60% provide meaningful downside protection and buy management time, but they have yet to translate into operating profit. Technicals reinforce the caution, with the share price trading below all key moving averages in a downtrend. Valuation offers little support — earnings are negative, and the headline 9.2% dividend yield looks difficult to sustain against negative free cash flow. A low beta limits volatility, but a sustained re-rating requires evidence that high gross margins can convert into positive operating cash flow.
Tittot Co., Ltd. (9949) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 1.09B
- Dividend Yield
- 9.13%
- Average Volume (3M)
- 61.66K
- Price to Earnings (P/E)
- -46.1
- Beta (1Y)
- 0.35
- Revenue Growth
- 0.82%
- EPS Growth
- -110.93%
- Country
- TW
- Employees
- 80
- Sector
- General
- Sector Strength
- 55
- Industry
- Household & Personal Products
Tittot Co., Ltd. Business Overview & Revenue Model
Company Description
Tittot Company Limited, a Taiwanese enterprise, specializes in the production and distribution of glass art. Established in 1994, its operations are based in New Taipei City, Taiwan.
Tittot Co., Ltd. Financial Statement Overview
Summary
Fundamentals are weak. Revenue has contracted from roughly NT$212 million in 2022 to NT$141 million in 2025, and the company posted operating losses in every period shown, with a TTM operating loss of NT$126 million (about -85% operating margin). The reported 2025 net profit stemmed from one-off, non-operating gains rather than a genuine turnaround. Cash flow is the weakest link, with negative operating cash flow in five of six periods and TTM free cash flow of NT$-27 million. The offset is a fortress balance sheet: debt-to-equity of just 0.04, equity funding about 91% of assets, and minimal solvency risk. Gross margin near 63% shows real pricing power, and both the TTM revenue uptick and reduced cash burn are tentative positives, but the asset and equity base continues to erode under persistent losses.
Income Statement
21NegativeBalance Sheet
61PositiveCash Flow
14Very Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 148.35M | 140.67M | 169.49M | 177.54M | 211.90M | 203.67M |
| Gross Profit | 93.58M | 90.06M | 86.23M | 118.14M | 118.04M | 128.57M |
| EBITDA | -116.54M | 304.87M | -50.77M | -18.92M | -20.97M | -18.53M |
| Net Income | -23.32M | 232.78M | -52.22M | -30.32M | -35.25M | -33.66M |
Balance Sheet | ||||||
| Total Assets | 540.00M | 675.51M | 813.09M | 451.40M | 471.99M | 516.02M |
| Cash, Cash Equivalents and Short-Term Investments | 200.24M | 337.41M | 397.35M | 77.99M | 69.54M | 85.77M |
| Total Debt | 21.69M | 26.22M | 45.89M | 18.58M | 23.23M | 40.79M |
| Total Liabilities | 47.57M | 101.97M | 490.06M | 79.76M | 67.46M | 80.79M |
| Stockholders Equity | 492.43M | 573.54M | 323.04M | 371.64M | 404.53M | 435.23M |
Cash Flow | ||||||
| Free Cash Flow | -27.41M | -67.86M | -12.51M | -10.95M | 1.84M | -25.83M |
| Operating Cash Flow | -24.69M | -59.03M | -7.61M | -10.04M | 2.85M | -21.73M |
| Investing Cash Flow | 11.21M | -20.56M | 351.75M | 1.01M | -241.00K | 59.27M |
| Financing Cash Flow | -104.48M | -19.57M | -31.70M | 17.02M | -18.99M | -31.84M |
Tittot Co., Ltd. Peers Comparison
Overall Rating
TW:275170Outperform
TW:894051Neutral
TW:293938Underperform- TW:994938Underperform
TW:554337Underperform
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:2751 | 70Outperform | TWD 1.04B | 10.38 | ― | 8.56% | 24.76% | 15.78% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:8940 | 51Neutral | TWD 968.50M | 19.26 | ― | ― | 5.63% | -3.32% |
| TW:2939 | 38Underperform | TWD 1.11B | -16.05 | ― | ― | -14.02% | 63.19% |
| TW:9949 | 38Underperform | TWD 1.08B | -46.08 | ― | 9.13% | 0.82% | -110.93% |
| TW:5543 | 37Underperform | TWD 1.21B | 19.49 | ― | ― | -0.37% | ― |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:9949 | Tittot Co., Ltd. | 24.10 | 4.48 | 22.82% | |
| TW:2751 | Kingza International Co Ltd | 52.50 | -8.99 | -14.62% | |
| TW:2939 | Yong Yi International Group Co., Ltd. | 24.40 | -0.15 | -0.61% | |
| TW:5543 | Buima Group, Inc. | 26.00 | -2.50 | -8.77% | |
| TW:7840 | Nice Garden Industrial Co., Ltd. | 30.65 | -6.30 | -17.04% | |
| TW:8940 | New Palace International Co., Ltd. | 14.35 | -6.35 | -30.68% |
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