Eminent Luggage Corporation AI Stock Analysis
Eminent Luggage Corporation (9950) AI Stock Analysis
Eminent Luggage Corporation
(TPEx:9950)
Eminent Luggage scores below average, driven primarily by weak financial performance: despite a 12% revenue rebound, gross margin collapsed to 17.1%, operating results swung back into the red, and net income turned negative. Leverage remains elevated with debt roughly 1.5x equity, and while free cash flow is still positive, it has fallen sharply and thinly covers a NT$2.17bn debt load. Technicals reinforce caution, with the price trading below all major moving averages and weak momentum readings. Valuation provides no support, as the negative P/E reflects current losses and there is no dividend. A positive note is the dramatically improved capital structure versus 2022 and continued positive operating cash flow, but sustained margin stabilization is needed before the outlook improves.
Eminent Luggage Corporation (9950) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- TWD 1.69B
- Dividend Yield
- ―
- Average Volume (3M)
- 75.39K
- Price to Earnings (P/E)
- -37.6
- Beta (1Y)
- 0.23
- Revenue Growth
- -18.50%
- EPS Growth
- -248.31%
- Country
- TW
- Employees
- 1,591
- Sector
- General
- Sector Strength
- 55
- Industry
- Personal Products & Services
Eminent Luggage Corporation Business Overview & Revenue Model
Company Description
Eminent Luggage Corporation operates internationally, specializing in the conceptualization, manufacturing, and global distribution of a wide array of travel luggage. Their diverse product portfolio includes essential items like carry-on bags, profes...
Eminent Luggage Corporation Financial Statement Overview
Summary
Revenue continues to recover (NT$2.91bn, +12% year over year, nearly triple the 2021 trough), but profitability has deteriorated sharply: gross margin compressed to 17.1% from 28.2%, EBIT swung to a NT$13m loss, and the bottom line turned negative at -NT$44.9m. The balance sheet is much healthier than in 2022, with debt-to-equity down from over 10x to about 1.48x, yet debt of NT$2.17bn still far exceeds equity and ROE has turned negative at -3.1%. Cash flow remains positive for a third straight year (NT$110m operating, NT$71m free cash flow) and exceeds reported earnings, a sign of decent cash quality, but it has fallen roughly two-thirds from 2024 levels and offers thin coverage of the debt load. Overall, this is a recovery story that has stalled, with volatile earnings and no demonstrated durable operating profitability.
Income Statement
34NegativeBalance Sheet
46NeutralCash Flow
50Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.77B | 2.91B | 2.59B | 2.91B | 2.29B | 1.03B |
| Gross Profit | 420.34M | 498.11M | 731.75M | 783.92M | 272.43M | -105.87M |
| EBITDA | 244.51M | 175.88M | 414.62M | 1.28B | 11.65M | -376.27M |
| Net Income | -45.98M | -44.87M | 171.58M | 1.02B | -223.51M | -622.33M |
Balance Sheet | ||||||
| Total Assets | 4.12B | 4.16B | 4.35B | 4.48B | 4.35B | 4.32B |
| Cash, Cash Equivalents and Short-Term Investments | 548.19M | 510.33M | 703.52M | 534.28M | 246.36M | 256.70M |
| Total Debt | 2.11B | 2.17B | 2.28B | 2.38B | 3.22B | 3.24B |
| Total Liabilities | 2.70B | 2.69B | 2.81B | 3.12B | 4.03B | 3.99B |
| Stockholders Equity | 1.42B | 1.47B | 1.51B | 1.33B | 300.19M | 334.31M |
Cash Flow | ||||||
| Free Cash Flow | 155.88M | 70.59M | 295.65M | 414.27M | -194.21M | -425.60M |
| Operating Cash Flow | 183.12M | 109.81M | 324.65M | 433.71M | -164.75M | -411.25M |
| Investing Cash Flow | -50.92M | -56.63M | -27.57M | 189.01M | -30.68M | -7.67M |
| Financing Cash Flow | -193.22M | -245.99M | -131.93M | -346.09M | 173.71M | 470.65M |
Eminent Luggage Corporation Peers Comparison
Overall Rating
TW:444272Outperform
TW:141761Neutral
TW:225055Neutral
TW:894151Neutral
TW:994450Neutral- TW:995042Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TW:4442 | 72Outperform | TWD 1.73B | 10.30 | ― | 6.54% | 18.82% | 10.63% |
| TW:1417 | 61Neutral | TWD 1.50B | 17.85 | ― | 3.16% | 7.88% | ― |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TW:2250 | 55Neutral | TWD 1.72B | 27.44 | ― | 6.43% | -7.94% | -57.85% |
| TW:8941 | 51Neutral | TWD 1.53B | 13.75 | ― | 5.71% | -3.28% | 18.48% |
| TW:9944 | 50Neutral | TWD 1.81B | 25.17 | ― | 1.73% | 10.50% | ― |
| TW:9950 | 42Neutral | TWD 1.69B | -37.59 | ― | ― | -18.50% | -248.31% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TW:9950 | Eminent Luggage Corporation | 10.20 | -0.50 | -4.67% | |
| TW:1417 | Carnival Industrial Corporation | 7.90 | -0.46 | -5.45% | |
| TW:2250 | Ikka Holdings (Cayman) Limited | 46.65 | -30.07 | -39.19% | |
| TW:4442 | J&B International Inc. | 52.00 | 0.53 | 1.03% | |
| TW:8941 | Grand Hall Enterprise Co., Ltd. | 43.80 | 2.72 | 6.62% | |
| TW:9944 | Shinih Enterprise Co., Ltd. | 17.30 | 0.88 | 5.37% |
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