Also trades as: 1868.HK (HKSE) · $vol 0M

NT$1.15 ($0.04)

-0.01 (-0.86%)

Weekly Expected Move ±1.6%

NT$1 NT$1 NT$1 NT$1 NT$1

TAI · Industrials · Electrical Equipment & Parts · Tech Score Sell · Power 47 · NT$2.4B mcap · 557M float · 0.075% daily turnover

Overview Chart Financials Income Statement Cash Flow Balance Sheet Earnings

Analysis Technicals Weather Peers

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

Oct 05, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. 911868.TW receives an overall rating of B. Strongest factors: DCF (4/5), ROA (4/5), P/B (4/5). Areas of concern: ROE (2/5), D/E (2/5), P/E (1/5).

Rating Change History

Date	From	To
2026-10-01	B+	B
2026-09-03	B	B+
2026-08-26	B+	B
2026-08-24	B	B+
2026-07-03	B+	B
2026-06-29	B	B+
2026-06-23	B+	B
2026-06-22	B-	B+
2026-06-15	B+	B-
2026-06-09	B-	B+

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ — Grade B

Profitability

Balance Sheet

Earnings Quality

Growth

Value

—

Momentum

Safety

—

Cash Flow

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

—

Piotroski F-Score

4/9

✓ ✓ ✗ ✓ ✗ ✗ ✗ ✗ ✓

Beneish M-Score

0.21

Possible Manipulator

Ohlson O-Score

-10.02

Bankruptcy prob: 0.0%

Low Risk

Credit Rating

BBB-

Score: 53.7/100

Trend: Deteriorating

Earnings Quality

100/100

OCF/NI: 3.56x

Accruals: -1.8%

The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. 911868.TW scores 4/9, indicating moderate financial health — some areas of strength offset by weaknesses in others. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. 911868.TW's score of 0.21 exceeds the −1.78 red flag threshold — this does not confirm manipulation but indicates the earnings profile resembles past manipulators statistically. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. 911868.TW's implied 0.0% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. 911868.TW receives an estimated rating of BBB- (score: 53.7/100), with a deteriorating trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). 911868.TW's score of 100/100 is high — cash flows strongly support reported earnings.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

24.66x

PEG

-0.38x

P/S

0.28x

P/B

0.17x

P/FCF

—

P/OCF

—

EV/EBITDA

—

EV/Revenue

—

EV/EBIT

—

EV/FCF

—

Earnings Yield

—

FCF Yield

—

Shareholder Yield

—

Graham Number

$0.16

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 24.7x earnings, 911868.TW commands a growth premium. Graham's intrinsic value formula yields $0.16 per share, 637% below the current price.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

0.574

NI / EBT

Interest Burden

-0.353

EBT / EBIT

EBIT Margin

-0.060

EBIT / Rev

Asset Turnover

0.587

Rev / Assets

Equity Multiplier

1.174

Assets / Equity

ROE

0.8%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. 911868.TW's ROE of 0.8% is driven by Asset Turnover (0.587), indicating efficient use of assets to generate revenue. A tax burden ratio of 0.57 suggests the company retains less than 60% of pre-tax earnings after taxes.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate

0.00%

Fair P/E

8.50x

Intrinsic Value

$0.03

Price/Value

—

Margin of Safety

—

Premium

—

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with 911868.TW's realized 0.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. 911868.TW trades at a premium to its adjusted intrinsic value of $0.03, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 8.5x compares to the current market P/E of 24.7x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$1.16

Median 1Y

$1.04

5th Pctile

$0.47

95th Pctile

$2.27

Ann. Volatility

46.2%

25th–75th percentile 5th–95th percentile Median path Historical

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q4'25	Q1'26	Q2'26	Current
ROE	4.3%	1.3%	-3.4%	-1.7%	0.1%	3.0%	6.0%	5.1%	4.6%	3.1%	1.8%	1.6%	1.5%	1.9%	2.4%	2.1%	1.9%	1.2%	0.6%	0.8%	0.84%
ROA	3.1%	1.0%	-2.6%	-1.4%	0.1%	2.6%	5.0%	4.4%	3.9%	2.7%	1.5%	1.4%	1.3%	1.6%	2.0%	1.8%	1.7%	1.1%	0.5%	0.7%	0.72%
ROIC	1.8%	-1.4%	-3.0%	-1.7%	-0.2%	2.0%	5.2%	2.7%	2.2%	0.8%	-0.6%	-1.0%	-1.4%	-1.4%	-1.2%	-1.9%	-2.6%	-2.2%	-2.8%	-3.9%	-3.89%
ROCE	1.4%	0.5%	-2.0%	-1.2%	-0.5%	1.2%	2.9%	2.4%	2.0%	0.7%	-0.5%	-0.8%	-1.1%	-0.9%	-0.7%	-1.3%	-1.9%	-1.9%	-2.9%	-4.1%	-4.10%
Gross Margin	29.4%	26.3%	26.3%	33.8%	33.8%	39.7%	39.7%	42.7%	42.7%	44.9%	44.9%	45.1%	45.1%	41.9%	41.9%	42.0%	42.0%	38.7%	36.5%	36.5%	36.53%
Operating Margin	-3.8%	-3.0%	-3.0%	2.5%	2.5%	6.2%	6.2%	-1.0%	-1.0%	-1.1%	-1.5%	-4.9%	-4.9%	-0.4%	-0.4%	-10.8%	-10.8%	-0.1%	-9.9%	-10.1%	-10.05%
Net Margin	-6.3%	-5.7%	-5.7%	9.4%	9.4%	9.0%	9.0%	4.6%	4.6%	2.5%	2.5%	3.9%	3.9%	5.7%	5.7%	1.7%	1.7%	0.5%	1.7%	1.7%	1.73%
EBITDA Margin	-1.2%	-1.3%	-1.3%	4.2%	4.2%	7.0%	7.0%	0.9%	0.9%	-0.1%	-0.1%	-2.6%	-2.6%	1.1%	1.1%	-9.7%	-9.7%	1.7%	-9.1%	-7.4%	-7.38%
FCF Margin	21.5%	23.0%	18.7%	12.7%	-6.0%	-10.7%	73.2%	77.4%	81.7%	95.5%	12.9%	13.0%	13.0%	11.4%	9.7%	9.6%	9.4%	1.7%	-0.7%	2.4%	2.44%
OCF Margin	22.9%	24.8%	20.6%	14.2%	-4.6%	-9.5%	76.3%	80.5%	84.8%	98.6%	13.7%	13.7%	13.7%	12.0%	10.4%	10.3%	10.2%	2.4%	0.4%	4.3%	4.34%
ROE 3Y Avg	snapshot only																				1.53%
ROE 5Y Avg	snapshot only																				1.56%
ROA 3Y Avg	snapshot only																				1.31%
ROIC 3Y Avg	snapshot only																				-0.21%
ROIC Economic	snapshot only																				-2.42%
Cash ROA	snapshot only																				2.61%
Cash ROIC	snapshot only																				4.85%
CROIC	snapshot only																				2.73%
NOPAT Margin	snapshot only																				-3.49%
Pretax Margin	snapshot only																				2.13%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				43.19%
SBC / Revenue	snapshot only																				0.00%

Valuation

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q4'25	Q1'26	Q2'26	Current
P/E Ratio	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	24.661
P/S Ratio	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.280
P/B Ratio	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.172
P/FCF	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
P/OCF	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EV/EBITDA	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EV/Revenue	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EV/EBIT	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EV/FCF	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Earnings Yield	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
FCF Yield	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Graham Number	snapshot only																				$0.16

Leverage & Solvency

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q4'25	Q1'26	Q2'26	Current
Current Ratio	4.86	5.32	5.32	5.20	5.20	6.60	6.60	8.04	8.04	6.76	6.76	7.35	7.35	6.30	6.30	7.00	7.00	6.60	6.29	6.29	6.293
Quick Ratio	4.17	4.62	4.62	4.38	4.38	5.70	5.70	7.00	7.00	5.98	5.98	6.57	6.57	5.66	5.66	6.18	6.18	5.78	5.52	5.52	5.518
Debt/Equity	0.07	0.06	0.06	0.08	0.08	0.03	0.03	0.03	0.03	0.03	0.03	0.02	0.02	0.02	0.02	0.02	0.02	0.04	0.04	0.04	0.045
Net Debt/Equity	-0.41	-0.46	-0.46	-0.41	-0.41	-0.51	-0.51	-0.24	-0.24	-0.30	-0.30	-0.31	-0.31	-0.37	-0.37	-0.37	-0.37	-0.37	-0.36	-0.36	-0.359
Debt/Assets	0.06	0.05	0.05	0.06	0.06	0.03	0.03	0.03	0.03	0.02	0.02	0.02	0.02	0.02	0.02	0.01	0.01	0.03	0.04	0.04	0.038
Debt/EBITDA	3.05	3.85	-7.51	-64.29	14.31	1.57	0.89	0.96	1.08	1.85	18.43	-12.99	-4.65	-6.13	-12.82	-2.12	-1.18	-3.16	-1.95	-1.49	-1.489
Net Debt/EBITDA	-17.09	-29.40	57.29	346.17	-77.04	-23.74	-13.50	-7.28	-8.23	-20.29	-201.91	167.31	59.85	108.76	227.89	45.61	25.32	31.94	15.61	11.91	11.910
Interest Coverage	—	—	—	—	—	—	4.05	3.51	2.26	0.83	-2.47	-3.76	—	—	—	—	—	-29.30	-45.08	-22.64	-22.638
Equity Multiplier	1.23	1.21	1.21	1.21	1.21	1.17	1.17	1.15	1.15	1.17	1.17	1.15	1.15	1.18	1.18	1.16	1.16	1.19	1.19	1.19	1.192
Cash Ratio	snapshot only																				2.886
Debt Service Coverage	snapshot only																				-15.848
Cash to Debt	snapshot only																				8.996
FCF to Debt	snapshot only																				0.389
Defensive Interval	snapshot only																				874.3 days

Efficiency & Turnover

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q4'25	Q1'26	Q2'26	Current
Asset Turnover	0.40	0.44	0.44	0.49	0.49	0.53	0.55	0.53	0.52	0.48	0.44	0.43	0.42	0.40	0.40	0.41	0.41	0.51	0.48	0.59	0.587
Inventory Turnover	3.39	3.81	3.87	3.13	3.11	3.53	3.41	3.00	2.89	2.97	2.67	2.76	2.68	2.82	2.85	2.81	2.83	3.62	3.47	4.07	4.065
Receivables Turnover	6.35	6.32	6.41	5.30	5.33	6.67	6.86	6.73	6.67	7.13	6.62	7.30	7.15	6.94	6.92	8.23	8.20	9.20	8.63	11.67	11.669
Payables Turnover	12.91	6.73	6.92	6.29	6.79	7.89	7.63	8.03	7.77	8.02	7.21	7.94	7.71	5.98	6.05	7.46	7.52	7.81	8.59	12.45	12.454
DSO	57	58	57	69	68	55	53	54	55	51	55	50	51	53	53	44	44	40	42	31	31.3 days
DIO	108	96	94	117	117	104	107	122	126	123	137	132	136	129	128	130	129	101	105	90	89.8 days
DPO	28	54	53	58	54	46	48	45	47	46	51	46	47	61	60	49	49	47	43	29	29.3 days
Cash Conversion Cycle	137	99	99	128	132	112	112	130	134	129	141	136	140	121	120	125	125	94	105	92	91.8 days
Fixed Asset Turnover	snapshot only																				15.284
Operating Cycle	snapshot only																				121.1 days
Cash Velocity	snapshot only																				1.771
Capital Intensity	snapshot only																				1.665

Growth (YoY)

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q4'25	Q1'26	Q2'26	Current
Revenue	13.1%	3.4%	2.4%	1.3%	0.2%	5.8%	7.4%	5.7%	4.1%	-5.9%	-15.2%	-16.2%	-17.2%	-11.6%	-5.1%	-3.4%	-1.6%	27.3%	20.0%	42.8%	42.83%
Net Income	1.5%	1.3%	-9.7%	-1.8%	-96.9%	1.2%	2.6%	4.1%	31.7%	8.7%	-68.3%	-67.1%	-65.5%	-35.9%	38.6%	35.2%	31.3%	-34.1%	-73.0%	-61.7%	-61.67%
EPS	1.5%	1.3%	-9.7%	-1.8%	-96.9%	1.2%	2.6%	4.1%	31.7%	8.7%	-68.3%	-67.1%	-65.5%	-35.9%	38.6%	35.2%	31.3%	-67.8%	-73.0%	-80.8%	-80.81%
FCF	10.7%	45.7%	61.7%	25.6%	-1.3%	-1.5%	3.2%	5.5%	15.1%	9.4%	-85.1%	-86.0%	-86.8%	-89.4%	-28.3%	-28.7%	-29.2%	-80.6%	-1.1%	-63.6%	-63.55%
EBITDA	1.5%	1.5%	-1.3%	-1.1%	-78.4%	47.3%	6.0%	30.4%	4.8%	-26.6%	-95.8%	-1.1%	-1.2%	-1.2%	-2.1%	-3.4%	-1.8%	-2.4%	-12.9%	-2.5%	-2.46%
Op. Income	1.3%	1.1%	-47.2%	-16.3%	-1.3%	1.5%	2.6%	3.2%	5.5%	-35.3%	-1.2%	-1.4%	-1.6%	-2.6%	-68.8%	-62.8%	-60.1%	-72.9%	-2.0%	-1.6%	-1.61%
OCF Growth	snapshot only																				-39.89%
Asset Growth	snapshot only																				-4.46%
Equity Growth	snapshot only																				-7.28%
Debt Growth	snapshot only																				1.43%
Shares Change	snapshot only																				99.77%

Growth (CAGR)

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q4'25	Q1'26	Q2'26	Current
Revenue 3Y	8.9%	7.6%	7.6%	6.8%	6.0%	4.6%	3.3%	4.4%	5.7%	1.0%	-2.3%	-3.6%	-4.8%	-4.2%	-4.8%	-5.1%	-5.3%	1.9%	-1.2%	5.0%	4.96%
Revenue 5Y	6.2%	6.3%	7.2%	6.7%	6.2%	6.6%	6.9%	6.5%	6.2%	4.4%	2.5%	1.5%	0.5%	-1.0%	-2.4%	-1.6%	-0.8%	3.0%	1.2%	4.4%	4.36%
EPS 3Y	14.1%	-41.1%	—	—	-74.2%	-4.0%	—	—	—	—	—	-7.0%	-29.7%	15.7%	—	—	1.5%	-39.2%	-50.9%	-56.0%	-55.97%
EPS 5Y	43.0%	10.3%	—	—	-55.3%	-18.0%	-6.7%	-1.6%	8.4%	-13.2%	-28.7%	-28.4%	-28.1%	-9.2%	—	—	—	—	—	-26.9%	-26.90%
Net Income 3Y	14.0%	-41.1%	—	—	-74.2%	-4.0%	—	—	—	—	—	-7.0%	-29.7%	15.7%	—	—	1.5%	-22.8%	-50.9%	-44.5%	-44.54%
Net Income 5Y	45.3%	12.0%	—	—	-55.3%	-18.2%	-6.8%	-1.7%	8.3%	-13.2%	-28.7%	-28.4%	-28.1%	-9.2%	—	—	—	—	—	-16.0%	-16.05%
EBITDA 3Y	9.2%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
EBITDA 5Y	23.1%	8.2%	—	—	-19.8%	12.9%	36.9%	20.9%	10.3%	—	—	—	—	—	—	—	—	—	—	—	—
Gross Profit 3Y	2.8%	2.0%	5.2%	6.8%	8.4%	7.6%	7.0%	10.4%	14.0%	10.4%	10.7%	10.1%	9.5%	12.1%	10.7%	8.7%	6.8%	8.6%	0.5%	4.1%	4.11%
Gross Profit 5Y	5.9%	4.2%	4.7%	4.9%	5.0%	8.1%	10.8%	10.0%	9.3%	10.2%	11.1%	11.1%	11.1%	6.4%	2.6%	3.5%	4.5%	7.7%	6.7%	9.6%	9.59%
Op. Income 3Y	49.5%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Op. Income 5Y	—	—	—	—	—	—	—	—	38.1%	—	—	—	—	—	—	—	—	—	—	—	—
FCF 3Y	—	—	—	—	—	—	1.4%	86.6%	63.6%	81.9%	0.6%	4.4%	-19.4%	-24.2%	-23.3%	-13.5%	—	—	—	-66.8%	-66.83%
FCF 5Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	8.2%	-8.2%	-16.3%	-34.2%	—	-21.6%	-21.61%
OCF 3Y	—	—	—	—	—	—	1.3%	83.4%	61.6%	77.9%	-2.0%	0.9%	-19.8%	-24.7%	-24.2%	-14.6%	—	—	-82.2%	-60.3%	-60.34%
OCF 5Y	—	—	1.0%	—	—	—	—	—	—	—	—	—	—	—	6.4%	-8.5%	-16.1%	-31.0%	-48.8%	-14.8%	-14.76%
Assets 3Y	-2.7%	-13.1%	-13.1%	-12.6%	-12.6%	-11.5%	-11.5%	-10.8%	-10.8%	-6.7%	-6.7%	-0.3%	-0.3%	4.5%	4.5%	2.6%	2.6%	2.9%	2.4%	0.1%	0.07%
Assets 5Y	4.2%	1.7%	1.7%	-1.6%	-1.6%	-0.3%	-0.3%	-2.2%	-2.2%	-6.3%	-6.3%	-6.8%	-6.8%	-5.4%	-5.4%	-5.8%	-5.8%	-3.4%	-3.7%	-0.6%	-0.61%
Equity 3Y	0.7%	-7.0%	-7.0%	-6.3%	-6.3%	-5.2%	-5.2%	-2.5%	-2.5%	-2.1%	-2.1%	1.9%	1.9%	5.4%	5.4%	4.1%	4.1%	2.5%	1.9%	-1.2%	-1.17%
Book Value 3Y	0.8%	-7.0%	-7.0%	-6.3%	-6.3%	-5.2%	-5.2%	-2.5%	-2.5%	-2.1%	-2.1%	1.9%	1.9%	5.4%	5.4%	4.1%	4.1%	-19.2%	1.9%	-21.5%	-21.53%
Dividend 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

Growth Quality

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q4'25	Q1'26	Q2'26	Current
Revenue Stability	0.88	0.95	0.89	0.96	0.95	0.97	0.89	0.95	0.94	0.74	0.34	0.20	0.08	0.01	0.26	0.14	0.06	0.06	0.02	0.06	0.062
Earnings Stability	0.05	0.21	0.33	0.33	0.19	0.32	0.24	0.08	0.00	0.02	0.05	0.01	0.00	0.11	0.35	0.40	0.29	0.37	0.11	0.00	0.003
Margin Stability	0.90	0.94	0.93	0.93	0.94	0.93	0.88	0.87	0.86	0.84	0.80	0.78	0.77	0.80	0.82	0.82	0.82	0.86	0.86	0.86	0.855
Rev. Growth Consistency	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.500
Earn. Growth Consistency	0.50	0.50	0.00	0.00	0.00	1.00	0.50	0.50	0.50	1.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.00	0.00	0.00	0.000
FCF Positive Streak	1	1	1	1	0	0	1	1	0	0	1	1	1	1	1	1	1	1	0	1	1
Earnings Persistence	0.20	0.20	0.50	0.20	0.50	0.50	0.20	0.20	0.50	0.97	0.50	0.50	0.50	0.86	0.85	0.86	0.87	0.86	0.50	0.50	0.500
Earnings Smoothness	—	—	—	—	0.00	0.24	—	—	0.00	0.92	0.00	0.00	0.03	0.56	0.68	0.70	0.73	0.59	0.00	0.11	0.108
ROE Trend	0.05	0.02	-0.03	-0.01	0.02	0.05	0.08	0.05	0.02	0.01	0.01	-0.00	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.01	-0.010
Gross Margin Trend	-0.00	-0.04	-0.04	-0.03	-0.02	0.04	0.09	0.10	0.11	0.12	0.12	0.11	0.10	0.06	0.02	0.01	-0.01	-0.03	-0.04	-0.05	-0.053
FCF Margin Trend	0.21	0.18	0.10	0.01	-0.28	-0.30	0.58	0.66	0.74	0.89	-0.33	-0.32	-0.25	-0.31	-0.33	-0.36	-0.38	-0.52	-0.12	-0.09	-0.088
Sustainable Growth Rate	4.3%	1.3%	—	—	0.1%	3.0%	6.0%	5.1%	4.6%	3.1%	1.8%	1.6%	1.5%	1.9%	2.4%	2.1%	1.9%	1.2%	0.6%	0.8%	0.84%
Internal Growth Rate	3.2%	1.0%	—	—	0.1%	2.6%	5.3%	4.6%	4.0%	2.7%	1.5%	1.4%	1.3%	1.7%	2.0%	1.9%	1.7%	1.1%	0.5%	0.7%	0.72%

Cash Flow Quality

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q4'25	Q1'26	Q2'26	Current
OCF/Net Income	2.98	10.83	-3.46	-4.99	-19.60	-1.97	8.36	9.73	11.44	17.74	4.01	4.20	4.43	2.99	2.09	2.27	2.49	1.17	0.40	3.56	3.556
FCF/OCF	0.94	0.93	0.91	0.89	1.31	1.12	0.96	0.96	0.96	0.97	0.94	0.95	0.96	0.95	0.94	0.93	0.92	0.72	-1.58	0.56	0.562
FCF/Net Income	snapshot only																				2.000
CapEx/Revenue	1.4%	1.8%	1.9%	1.5%	1.4%	1.2%	3.2%	3.1%	3.1%	3.1%	0.8%	0.7%	0.6%	0.6%	0.7%	0.7%	0.8%	0.7%	1.2%	1.9%	1.90%
CapEx/Depreciation	snapshot only																				1.052
Accruals Ratio	-0.06	-0.10	-0.12	-0.08	0.02	0.08	-0.37	-0.38	-0.40	-0.45	-0.05	-0.04	-0.04	-0.03	-0.02	-0.02	-0.02	-0.00	0.00	-0.02	-0.018
Sloan Accruals	snapshot only																				-0.059
Cash Flow Adequacy	snapshot only																				2.286
Earnings Quality Score	snapshot only																				1.000

Dividends & Buybacks

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q4'25	Q1'26	Q2'26	Current
Dividend Yield	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	0.00%
Dividend/Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Payout Ratio	0.0%	0.0%	—	—	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
FCF Payout Ratio	0.0%	0.0%	0.0%	0.0%	—	—	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—	0.0%	0.00%
Total Payout Ratio	0.0%	0.0%	—	—	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.4%	6.2%	13.0%	13.00%
Div. Increase Streak	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Chowder Number	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Buyback Yield	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Net Buyback Yield	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Total Shareholder Return	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

DuPont Factors

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q4'25	Q1'26	Q2'26	Current
Tax Burden (NI/EBT)	1.70	1.51	1.47	2.63	0.13	0.74	0.84	0.81	0.78	0.74	0.65	0.67	0.71	0.75	0.77	0.79	0.81	0.71	0.62	0.57	0.574
Interest Burden (EBT/EBIT)	1.82	1.76	1.22	0.52	-2.22	3.14	2.26	2.42	2.64	5.30	-4.84	-2.85	-1.87	-2.77	-4.11	-2.02	-1.23	-0.90	-0.34	-0.35	-0.353
EBIT Margin	0.02	0.01	-0.03	-0.02	-0.01	0.02	0.05	0.04	0.04	0.01	-0.01	-0.02	-0.02	-0.02	-0.02	-0.03	-0.04	-0.03	-0.05	-0.06	-0.060
Asset Turnover	0.40	0.44	0.44	0.49	0.49	0.53	0.55	0.53	0.52	0.48	0.44	0.43	0.42	0.40	0.40	0.41	0.41	0.51	0.48	0.59	0.587
Equity Multiplier	1.37	1.29	1.29	1.22	1.22	1.19	1.19	1.18	1.18	1.17	1.17	1.15	1.15	1.17	1.17	1.15	1.15	1.18	1.18	1.17	1.174

Per Share

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q4'25	Q1'26	Q2'26	Current
EPS (Diluted TTM)	$0.03	$0.01	$-0.02	$-0.01	$0.00	$0.02	$0.04	$0.04	$0.03	$0.02	$0.01	$0.01	$0.01	$0.01	$0.02	$0.02	$0.01	$0.00	$0.00	$0.00	$0.00
Book Value/Share	$0.71	$0.65	$0.65	$0.68	$0.68	$0.70	$0.70	$0.73	$0.73	$0.74	$0.74	$0.75	$0.75	$0.77	$0.77	$0.76	$0.76	$0.37	$0.74	$0.35	$0.75
Tangible Book/Share	$0.65	$0.61	$0.61	$0.63	$0.63	$0.66	$0.65	$0.68	$0.68	$0.70	$0.70	$0.70	$0.70	$0.72	$0.71	$0.71	$0.71	$0.35	$0.70	$0.33	$0.33
Revenue/Share	$0.42	$0.41	$0.41	$0.42	$0.42	$0.43	$0.44	$0.44	$0.43	$0.41	$0.38	$0.37	$0.36	$0.36	$0.36	$0.36	$0.35	$0.22	$0.43	$0.25	$0.46
FCF/Share	$0.09	$0.09	$0.08	$0.05	$-0.03	$-0.05	$0.32	$0.34	$0.35	$0.39	$0.05	$0.05	$0.05	$0.04	$0.03	$0.03	$0.03	$0.00	$-0.00	$0.01	$-0.00
OCF/Share	$0.10	$0.10	$0.08	$0.06	$-0.02	$-0.04	$0.34	$0.35	$0.37	$0.40	$0.05	$0.05	$0.05	$0.04	$0.04	$0.04	$0.04	$0.01	$0.00	$0.01	$0.00
Cash/Share	$0.34	$0.34	$0.34	$0.33	$0.33	$0.38	$0.38	$0.20	$0.20	$0.25	$0.25	$0.25	$0.25	$0.30	$0.30	$0.30	$0.30	$0.15	$0.30	$0.14	$0.30
EBITDA/Share	$0.02	$0.01	$-0.01	$-0.00	$0.00	$0.02	$0.03	$0.02	$0.02	$0.01	$0.00	$-0.00	$-0.00	$-0.00	$-0.00	$-0.01	$-0.01	$-0.00	$-0.02	$-0.01	$-0.01
Debt/Share	$0.05	$0.04	$0.04	$0.05	$0.05	$0.02	$0.02	$0.02	$0.02	$0.02	$0.02	$0.02	$0.02	$0.02	$0.02	$0.01	$0.01	$0.01	$0.03	$0.02	$0.02
Net Debt/Share	$-0.29	$-0.30	$-0.30	$-0.28	$-0.28	$-0.36	$-0.36	$-0.17	$-0.17	$-0.23	$-0.23	$-0.23	$-0.23	$-0.28	$-0.28	$-0.28	$-0.28	$-0.14	$-0.27	$-0.13	$-0.13

Academic Models

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q4'25	Q1'26	Q2'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Piotroski F-Score	8	7	6	6	5	7	9	9	9	8	7	6	6	5	6	6	6	5	4	4	4
Beneish M-Score	-2.54	-2.91	-3.33	-3.04	-2.52	-2.38	-4.42	-4.57	-4.68	-4.67	2.13	-2.90	1.87	-2.59	-2.54	-2.64	-3.37	-0.07	-3.38	0.21	0.213
Ohlson O-Score	snapshot only																				-10.019
ROIC (Greenblatt)	snapshot only																				-5.47%
Net-Net WC	snapshot only																				$0.25
EVA	snapshot only																				$-132158645.04

Credit

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q4'25	Q1'26	Q2'26	Current
Credit Rating	snapshot only																				BBB-
Credit Score	69.96	69.52	61.30	61.61	45.32	66.85	66.99	66.06	60.67	51.80	42.24	51.11	62.02	61.34	62.01	61.26	61.80	51.92	45.64	53.72	53.723
Credit Grade	snapshot only																				10
Credit Trend	snapshot only																				-7.539
Implied Spread (bps)	snapshot only																				350.000
Industry Credit Rank	snapshot only																				40
Sector Credit Rank	snapshot only																				43

911868.TW TAI

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

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