Tittot Co., Ltd. (9949) AI Stock Analysis

Tittot Co., Ltd.

(TPEx:9949)

Select Model

Rating:44Neutral

Price Target:TWD 23.00▼(-5.74% Downside)

Action:initiatedcoverage

Date:11/10/26

The score is primarily impacted by weak financial performance from operational losses and cash burn, along with bearish technical indicators. Valuation is tempered by negative earnings despite high dividend yield.

Positive Factors

Revenue reboundThe strong TTM revenue rebound indicates that demand or sales execution has recovered meaningfully from the prior period. If maintained, this larger revenue base can improve operating absorption, support reinvestment, and provide a platform for restoring profitability over the next several quarters.

Negative Factors

Persistent operating lossesOngoing operating and net losses show that the current revenue base and cost structure are not yet producing sustainable earnings. Continued losses can erode equity, restrict internal funding, and make the benefits of the strong gross margin dependent on difficult cost-control improvements.

Tittot Co., Ltd. (9949) vs. SPDR S&P 500 ETF (SPY)

Market Cap: TWD 1.08B
Dividend Yield: 9.02%
Average Volume (3M): 61.60K
Price to Earnings (P/E): -46.7
Beta (1Y): 0.34
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

Balance sheet strength with low leverage is undermined by weak profitability, declining revenues, and negative cash flows.

Income Statement

38Negative

Balance Sheet

78Positive

Cash Flow

22Negative

Financial statement breakdown
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

UnderperformOutperform

Sector (55)

Financial Indicators

TW:9949 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TW:2751	70Outperform	TWD 1.04B	10.29	―	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	19.32	―	―	5.63%	-3.32%
TW:9949	44Neutral	TWD 1.08B	-46.65	―	9.02%	0.82%	-110.93%
TW:2939	38Underperform	TWD 1.11B	-15.95	―	―	-14.02%	63.19%
TW:5543	37Underperform	TWD 1.21B	17.93	―	―	-0.37%	―

* General Sector Average

Performance Comparison

TW:9949 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
TW:9949	Tittot Co., Ltd.	24.40	4.78	24.34%
TW:2751	Kingza International Co Ltd	52.50	-8.99	-14.62%
TW:2939	Yong Yi International Group Co., Ltd.	24.25	-0.30	-1.22%
TW:5543	Buima Group, Inc.	24.75	-3.75	-13.16%
TW:7840	Nice Garden Industrial Co., Ltd.	30.50	-6.45	-17.45%
TW:8940	New Palace International Co., Ltd.	14.30	-6.40	-30.92%

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

Tittot Co., Ltd. AI Stock Analysis