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Test-Rite International Co., Ltd. (2908.TW)

TWD21.85 +0.05 (+0.23%)
TW TAI Consumer Cyclical Home Improvement
Address No. 23, Hsin Hu 3rd Road 114
Taipei, TW
CEO Liqiu Lee
IPO 2000-01-04
ISIN TW0002908001

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Description

Test-Rite International Co., Ltd., established in Taipei, Taiwan, in 1978, is a global enterprise engaged in the import and export of an extensive range of goods, including hand tools, automotive components, various types of machinery, furniture, and numerous home appliances. Its international reach spans across Asia, the Americas, Europe, and Australia. The company's operations are segmented into Retail, Trading, and Construction. Its diverse product portfolio covers practical items such as gardening tools (shovels, sprinklers) and various hand tools (axes, saws, wrenches, pliers), along with screws and DIY furniture supplies. Test-Rite also provides outdoor living essentials like tables, chairs, ice buckets, tents, and barbecue equipment, alongside seasonal offerings such as Christmas gifts. For the home, it supplies storage solutions, furniture (including mattresses, sofas, and leisure chairs), and a wide selection of electronics and lighting fixtures, from computer accessories and ceiling fans to an array of lamps and personal care appliances like blow-dryers and shavers. Its inventory further extends to automotive parts and maintenance products, sports and leisure goods (like bicycles), beauty and health merchandise, recreational items, and organic lifestyle products such as healthy grains, tea, and personal cleaning supplies. Beyond product distribution, Test-Rite offers a comprehensive suite of professional services aimed at enhancing living spaces. These include home improvement, furnishing, interior design, full-house decorations, kitchen renovations, plumbing and electrical maintenance, waterproofing and leak repair, and air conditioning repair consultations. The company also provides services in information software, electronic information, hardware and construction material supply, mechanical and electronic engineering, cleaning and landscape design, logistics, condominium management, tally packaging, and property leasing. Furthermore, Test-Rite is involved in real estate development, constructing dwellings and leasing properties. As of December 31, 2020, Test-Rite boasted a significant retail presence in Taiwan, operating 27 TLW (DIY) outlets, 15 community stores, 26 HOLA stores, 3 Crate & Barrel locations, and 11 hoi! stores.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
TWD21.85 +0.05 (+0.23%)
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Volume Profile
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Liquidity & share structure
Average Volume
256.8K
Beta
0.18
Float Shares
377.97M
Free Float %
74.1%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.24% -0.95% +2.22% -0.48% +2.47% +2.22% +0.73% -1.19% -15.99% +5.33% +145.27%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
21.85
Ratings Trend (MoM) 100% Bullish
Rating 2024-11 Change
Strong Buy 1 0
Buy 2 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
1.29
Distress
Piotroski F-Score
6 / 9
Average
MOAT Score
3 / 10
No MOAT
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
5 / 5
High
ROE Score
2 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Home Improvement: +3.5%
    -8.7% Q1'26: +9.9% (vs Q1'25)
  • EPS growth Home Improvement: +2.9%
    -65.2% Q1'26: +113.3% (vs Q1'25)
  • FCF margin FCF growth · Home Improvement: +33.5%
    +5.2% Q1'26: +11.1% (vs Q1'25)
  • EBIT margin Home Improvement: +5.8%
    +1.7% Q1'26: +2.9% (vs Q1'25)
  • ROIC Home Improvement: +4.8%
    +1.3% Q1'26: +3.1% (vs Q1'25)
  • Share dilution Home Improvement: +0.0%
    -146.8% Q1'26: +11.7% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Home Improvement: 2.28×
    7.52× Q1'26: 18.97× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.17) × ERP
WACC = -30% × Ke + 130% × Kd (4.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 21.85
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Revenue
35.98B
est: 37.91B (-5.1%)
35.44B
est: 35.44B (+0.0%)
36.96B
est: 37.42B (-1.2%)
39.90B
est: 38.11B (+4.7%)
38.06B
est: 39.08B (-2.6%)
EBITDA
1.91B
est: 3.28B (-41.9%)
1.94B
est: 3.06B (-36.7%)
2.09B
est: 3.23B (-35.4%)
1.36B
est: 3.29B (-58.6%)
3.26B
est: 3.38B (-3.4%)
EBIT
1.08B
est: 1.01B (+7.4%)
1.12B
est: 942.00M (+19.1%)
1.34B
est: 994.57M (+34.6%)
638.07M
est: 1.01B (-37.0%)
583.16M
est: 1.04B (-43.9%)
Net Income
670.51M
est: 790.31M (-15.2%)
676.03M
est: 669.50M (+1.0%)
823.01M
est: 961.47M (-14.4%)
406.49M
est: 789.73M (-48.5%)
100.36M
est: 900.03M (-88.8%)
SGA
10.49B
est: 8.71B (+20.5%)
10.43B
est: 8.14B (+28.1%)
9.82B
est: 8.60B (+14.2%)
9.77B
est: 8.76B (+11.6%)
9.45B
est: 8.98B (+5.3%)
EPS
1.32
est: 1.57 (-15.9%)
1.33
est: 1.33 (+0.0%)
1.61
est: 1.91 (-15.7%)
0.80
est: 1.57 (-49.0%)
0.20
est: 1.79 (-88.8%)
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 C+ 2/5 5/5 2/5 3/5 1/5 1/5 1/5
2026-05-11 C+ 2/5 5/5 2/5 3/5 1/5 1/5 1/5
2026-05-08 C+ 2/5 5/5 2/5 3/5 1/5 1/5 1/5
2026-05-07 C+ 2/5 5/5 2/5 3/5 1/5 1/5 1/5
2026-05-06 C+ 2/5 5/5 2/5 3/5 1/5 1/5 1/5
2026-05-05 C+ 2/5 5/5 2/5 3/5 1/5 1/5 1/5
2026-05-04 C+ 2/5 5/5 2/5 3/5 1/5 1/5 1/5
2026-04-30 B- 2/5 5/5 2/5 4/5 1/5 1/5 1/5
2026-04-29 B- 2/5 5/5 2/5 4/5 1/5 1/5 1/5
2026-04-28 B- 2/5 5/5 2/5 4/5 1/5 1/5 1/5
2026-04-27 B- 2/5 5/5 2/5 4/5 1/5 1/5 1/5
2026-04-24 B- 2/5 5/5 2/5 4/5 1/5 1/5 1/5
2026-04-23 B- 2/5 5/5 2/5 4/5 1/5 1/5 1/5
2026-04-22 B- 2/5 5/5 2/5 4/5 1/5 1/5 1/5
2026-04-21 B- 2/5 5/5 2/5 4/5 1/5 1/5 1/5
2026-04-20 B- 2/5 5/5 2/5 4/5 1/5 1/5 1/5
2026-04-17 B- 2/5 5/5 2/5 4/5 1/5 1/5 1/5
2026-04-16 B- 2/5 5/5 2/5 4/5 1/5 1/5 1/5
2026-04-15 B- 2/5 5/5 2/5 4/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
1.27B
OE per share TTM
2.32
Owner's Yield
12.04%
Maintenance CapEx ratio
992.00%
Maint CapEx / Avg PPE
38.2%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 5 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Dimensional - Emerging Markets Core Equity 2 ETF DFEM 0.00% 134.6K 0.39%
2 Dimensional - Emerging Markets Value ETF DFEV 0.00% 28.8K 0.46%
3 Dimensional World ex U.S. Core Equity 2 ETF DFAX 0.00% 81.7K 0.28%
4 Avantis Emerging Markets Equity ETF AVEM 0.00% 22.4K 0.33%
5 Dimensional - Emerging Core Equity Market ETF DFAE 0.00% 685.85 0.29%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
127.4K
Shares Outstanding
509.89M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Edward Kao Senior Vice President of Product Business male
Eric Chang Deputy General Manager of Group Investor Relations male
JingJing Kuo Vice President of Customer Sales Operation & Shipping female
Linda Lin Company Secretary, Chief Financial Officer & Senior Vice President of Financial Planning female
Liqiu Lee Chairwoman & Chief Executive Officer female
Lori Huang Chief Information Officer female
Robin Chief Operating Officer & Director female
Sabrina Kuo Vice President of Human Resources Management female
Su-Ling Lin Senior Deputy GM of Group Financial Management Department & Accounting Supervisor
Tony Chief Executive Officer of Strategy & New Business Development and Director male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits