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6201:TSEToyota Industries Corp. Analysis

Data as of 2026-06-12 - not real-time

NT$47.20

Latest Price

6/10Risk

Risk Level: Medium

Executive Summary

Ya Horng Electronic trades around TWD 47.2, well above its DCF fair value of roughly TWD 17.4, suggesting a significant overvaluation. Technicals are bearish: the 20‑day SMA (≈47.9) sits just above price, the 50‑day SMA (≈49.4) and 200‑day SMA (≈54.1) are higher, RSI is near 39, and the MACD histogram is negative with a bearish signal. Volume is on a downtrend and 30‑day volatility is high at nearly 20%, while beta is essentially neutral, indicating price moves are not driven by market swings. Fundamentals are weak – revenue fell 12.8% YoY, margins are thin (gross ~23%, operating ~10%), and free cash flow is modest. The dividend yield looks attractive at 8.5%, but a payout ratio over 100% raises sustainability concerns.

Market Outlook

Short Term

< 1 year
Cautious
Model confidence: 7/10

Key Factors

  • Bearish momentum (RSI < 40, MACD negative)
  • Price far above DCF fair value
  • Decreasing trading volume

Medium Term

1–3 years
Neutral
Model confidence: 5/10

Key Factors

  • Continued revenue decline and thin margins
  • High dividend yield but unsustainable payout
  • Volatile price action with limited upside

Long Term

> 3 years
Cautious
Model confidence: 8/10

Key Factors

  • Structural revenue weakness and negative growth
  • Dividend sustainability risk
  • Persistent overvaluation relative to fundamentals

Key Metrics & Analysis

Financial Health

Revenue Growth-12.80%
Profit Margin9.10%
P/E Ratio12.8
ROE11.21%
ROA5.84%
Debt/Equity1.66
P/B Ratio1.6
Op. Cash FlowNT$208.5M
Free Cash FlowNT$13.3M

Technical Analysis

TrendBearish
RSI38.9
SupportNT$45.30
ResistanceNT$51.10
MA 20NT$47.89
MA 50NT$49.38
MA 200NT$54.12
MACDBearish
VolumeDecreasing
Fear & Greed Index86.71

Valuation

Fair ValueNT$17.36
GradeOvervalued
TypeValue
Dividend Yield8.51%

Risk Assessment

Beta-0.03
Volatility19.92%
Sector RiskMedium
Reg. RiskMedium
Geo RiskMedium
Currency RiskMedium
Liquidity RiskMedium

This analysis may contain inaccuracies and is provided for informational and research purposes only. It is not personal investment advice, a recommendation, or an instruction to buy, sell, or hold any asset.