What is Test-Rite International Co., Ltd.'s (2908.TW) StockRank?

MoatMap's StockRank for Test-Rite International Co., Ltd. (2908.TW) is 28/100, with a Sell signal. This is a composite score combining Quality (29), Value (31), and Momentum (57) factor ranks across MoatMap's 20,000+ stock universe.

Does Test-Rite International Co., Ltd. have an economic moat?

Test-Rite International Co., Ltd. (2908.TW) has a Quality factor score of 29/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the financial characteristics of a moated business.

Is Test-Rite International Co., Ltd. a buy, hold, or sell?

MoatMap's current signal for Test-Rite International Co., Ltd. (2908.TW) is Sell, based on a StockRank of 28/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.

What sector is Test-Rite International Co., Ltd. in?

Test-Rite International Co., Ltd. (2908.TW) operates in the Consumer Cyclical sector, specifically the Home Improvement Retail industry (Taiwan).

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2908.TW

SELLREMOVE

Test-Rite International Co., Ltd. · Consumer Cyclical · Taiwan · $337M · Avg Vol: $209K/d

StockRank

P/E (TTM)

93.5x

ROE

1.1%

D/E

2.5x

Dividend %

—

Director Trades · 180d

None in 180d →

Buybacks · 180d

None in 180d →

AI CONVICTION THESIS

Test-Rite International is a low-margin retail and trading business highly exposed to global consumer discretionary spending and freight costs. It lacks the pricing power, high ROIC, and structural moat required to protect capital during global supply chain disruptions.

COMPANY DESCRIPTION

Test-Rite International Co., Ltd. is a leading global integrated home-use product developer and the largest home improvement retailer in Taiwan, operating well-known brands like TLW and HOLA. The company operates a vertically integrated business model that spans global sourcing, product design, wholesale distribution, and retail operations. Test-Rite's competitive moat is established through its dominant retail market share in Taiwan, extensive global sourcing network, and private-label product development capabilities.

FINANCIAL SUMMARY (USD)

Year	2021	2022	2023	2024	2025	CAGR
Revenue	—	1.2B	1.1B	1.2B	1.1B	-3.5%
EPS	0.05	0.03	0.02	0.02	—	-25.2%
Shares	—	495.6M	509.9M	509.9M	509.9M	+2.9%
Debt	—	712.8M	672.3M	604.6M	663.8M	-2.3%
Equity	—	217.7M	207.1M	226.1M	220.7M	0.5%
Op CF	—	-1.8M	67.1M	74.6M	61.2M	-4.5%
Inv CF	—	20.0M	-21.0M	-14.5M	-31.9M	—
Fin CF	—	3.9M	-85.1M	-33.7M	-51.7M	—

PRICE (1Y)+1.9%

SMA 50SMA 200

$0.67

RSI (14)

47.7

52W High

$0.68

From 52W High

1.0%

SCORE BREAKDOWN

Quality

ROIC

2.4%20.9

ROE

1.1%19.9

GP/Assets

23.7%50.1

Op. Margin

2.9%28.8

FCF/Assets

1.6%37.9

Piotroski

530.4

Int. Cover

1.1x16.9

D/E Ratio

2.53x7.5

Current Ratio

1.31x39.0

Value

P/E (TTM)

93.5x7.1

EV/EBITDA

33.2x9.0

P/FCF

560.8x43.1

P/B

1.6x49.3

P/S

0.3x84.1

Div Yield

—N/A

Momentum

52W High %

98%94.0

RS 6M

-61%14.7

SMA 50/200

1.03x67.9

EPS Rev 4W

+0.5%74.7

EPS Rev 12W

—N/A

EPS Improve

—N/A

Q Growth

117%87.8

FUNDAMENTALS

Market Cap

$337M

P/E (Forward)

12.0x

Gross Margin

26.3%

SECTOR PEERS

Closest peers in Consumer Cyclical, ranked by industry match, size, and score similarity. Cross-listings of 2908.TW are excluded.

Ticker	Company	Mkt Cap	StockRank	Signal
2908.TW	Test-Rite International Co., Ltd.(you)	$337M	28	SELL
1522.TW	TYC Brother Industrial Co., Ltd.	$309M	26	SELL
2723.TW	Gourmet Master Co. Ltd.	$376M	33	SELL
2227.TW	Yulon Nissan Motor Co., Ltd	$467M	26	SELL
6957.TW	HORIZON FIXTURE GROUP CO LTD	$329M	36	HOLD
2729.TWO	TTFB Company Limited	$221M	29	SELL
1444.TW	Lealea Enterprise Co., Ltd.	$218M	27	SELL
4438.TW	Quang Viet Enterprise Co., Ltd.	$213M	27	SELL
1604.TW	Sampo Corporation	$273M	34	SELL
8404.TW	Paiho Shih Holdings Corporation	$220M	25	SELL

Peer medians: ROE 7.6% · P/E 16.5x · Gross margin 22.9%

Test-Rite International Co., Ltd. (2908.TW) — Stock Score Summary

Test-Rite International Co., Ltd. (2908.TW) has a MoatMap StockRank of 28/100 based on Quality (29/100), Value (31/100), and Momentum (57/100) factor scores. The current signal is SELL. Test-Rite International is a low-margin retail and trading business highly exposed to global consumer discretionary spending and freight costs. It lacks the pricing power, high ROIC, and structural moat required to protect capital during global supply chain disruptions.

Key Financial Metrics

Price	$0.67
Market Cap	$337M
P/E (TTM)	93.48
P/E (Forward)	12.01
Price/Book	1.59
Return on Equity	1.1%
Return on Invested Capital	2.4%
Debt/Equity	252.61
Gross Margin	26.3%
Operating Margin	2.9%
Revenue Growth	9.9%
Free Cash Flow	$600K

Test-Rite International Co., Ltd. operates in the Home Improvement Retail industry, part of the Consumer Cyclical sector (Taiwan).

Frequently Asked Questions

What is Test-Rite International Co., Ltd.’s (2908.TW) StockRank?: MoatMap’s StockRank for Test-Rite International Co., Ltd. (2908.TW) is 28/100, with a Sell signal. It is a composite of Quality (29), Value (31), and Momentum (57) factor ranks across MoatMap’s 20,000+ stock universe.
Does Test-Rite International Co., Ltd. have an economic moat?: Test-Rite International Co., Ltd. (2908.TW) has a Quality factor score of 29/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage — the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is Test-Rite International Co., Ltd. a buy, hold, or sell?: MoatMap’s current signal for Test-Rite International Co., Ltd. (2908.TW) is Sell, based on a StockRank of 28/100. Signals are derived mechanically from the StockRank composite and should be one input among many — combine with your own thesis on management, competitive position, and valuation.
What sector is Test-Rite International Co., Ltd. in?: Test-Rite International Co., Ltd. (2908.TW) operates in the Consumer Cyclical sector, specifically the Home Improvement Retail industry (Taiwan).