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M

Makalot Industrial Co 1477.TW · TWD

Consumer Discretionary · Taiwan Stock Exchange · 🇹🇼 Taiwan

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216.00

+1.41%

Close of 9 Nov 2026, in TWD

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At a glance

Figures in TWD, from our data supplier.

FY2025

Revenue

TWD 34.43bn

FY2016FY2025

Net income

TWD 3.61bn

FY2016FY2025

Free cash flow

TWD 3.36bn

FY2016FY2025

Shareholders' equity

TWD 14.04bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTWD 34.43bnTWD 35.52bnTWD 32.46bnTWD 32.08bnTWD 28.93bnTWD 24.92bnTWD 27.05bnTWD 23.93bnTWD 22.38bnTWD 22.13bn
Gross profitTWD 8.56bnTWD 8.99bnTWD 8.26bnTWD 8.26bnTWD 6.53bnTWD 5.57bnTWD 5.43bnTWD 4.74bnTWD 4.32bnTWD 4.52bn
Operating incomeTWD 4.68bnTWD 5.29bnTWD 4.84bnTWD 4.79bnTWD 3.47bnTWD 2.81bnTWD 2.57bnTWD 1.98bnTWD 1.77bnTWD 1.95bn
Net incomeTWD 3.61bnTWD 4.11bnTWD 3.99bnTWD 3.51bnTWD 2.66bnTWD 2.06bnTWD 1.90bnTWD 1.51bnTWD 1.29bnTWD 1.52bn
Diluted earnings per share14.4316.5616.4214.4710.949.158.466.715.756.86

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTWD 23.90bnTWD 23.20bnTWD 24.88bnTWD 24.43bnTWD 22.22bnTWD 18.64bnTWD 14.75bnTWD 13.66bnTWD 12.57bnTWD 13.14bn
Cash and short-term investmentsTWD 4.89bnTWD 9.16bnTWD 11.77bnTWD 11.24bnTWD 9.29bnTWD 5.97bnTWD 4.84bnTWD 3.75bnTWD 3.71bnTWD 3.81bn
Total liabilitiesTWD 9.73bnTWD 8.43bnTWD 8.95bnTWD 8.98bnTWD 8.43bnTWD 8.47bnTWD 5.56bnTWD 4.78bnTWD 4.06bnTWD 4.41bn
DebtTWD 1.44bnTWD 1.50bnTWD 1.71bnTWD 2.22bnTWD 2.41bnTWD 3.45bnTWD 989.8mTWD 396.5mTWD 277.6mTWD 554.8m
Shareholders' equityTWD 14.04bnTWD 14.64bnTWD 15.82bnTWD 15.36bnTWD 13.71bnTWD 10.08bnTWD 9.10bnTWD 8.77bnTWD 8.40bnTWD 8.59bn
Shares outstanding250m248m243m243m243m225m225m225m223m222m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsTWD 4.07bnTWD 4.73bnTWD 4.97bnTWD 3.71bnTWD 3.01bnTWD 752.8mTWD 1.69bnTWD 1.85bnTWD 1.74bnTWD 1.04bn
Capital spending−TWD 707.8m−TWD 798.9m−TWD 483.4m−TWD 407.3m−TWD 414.8m−TWD 747.0m−TWD 515.2m−TWD 316.5m−TWD 278.0m−TWD 650.6m
Free cash flowTWD 3.36bnTWD 3.93bnTWD 4.48bnTWD 3.31bnTWD 2.60bnTWD 5.8mTWD 1.18bnTWD 1.53bnTWD 1.46bnTWD 390.7m
Dividends paid−TWD 3.97bn−TWD 5.66bn−TWD 3.51bn−TWD 2.30bn−TWD 1.93bn−TWD 1.10bn−TWD 1.49bn−TWD 1.26bn−TWD 1.39bn−TWD 1.89bn

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTWD 8.17bnTWD 8.90bnTWD 7.93bnTWD 8.89bnTWD 7.69bnTWD 9.92bnTWD 8.76bnTWD 10.46bn
Gross profitTWD 1.99bnTWD 2.30bnTWD 2.15bnTWD 1.96bnTWD 1.69bnTWD 2.76bnTWD 2.24bnTWD 2.45bn
Operating incomeTWD 1.09bnTWD 1.38bnTWD 934.9mTWD 1.09bnTWD 942.7mTWD 1.64bnTWD 1.24bnTWD 1.59bn
Net incomeTWD 814.4mTWD 1.07bnTWD 869.3mTWD 858.0mTWD 616.1mTWD 1.27bnTWD 968.1mTWD 1.17bn
Diluted earnings per share3.224.243.473.432.465.073.904.70
Cash from operationsTWD 956.0mTWD 1.28bn−TWD 858.0mTWD 2.24bnTWD 725.0mTWD 1.57bnTWD 996.0mTWD 1.21bn
Capital spending−TWD 109.0m−TWD 99.0m−TWD 133.0m−TWD 157.0m−TWD 188.0m−TWD 230.0m−TWD 315.0m−TWD 238.0m
Free cash flowTWD 847.0mTWD 1.18bn−TWD 991.0mTWD 2.08bnTWD 537.0mTWD 1.34bnTWD 681.0mTWD 969.0m
Total assetsTWD 23.97bnTWD 24.44bnTWD 23.90bnTWD 22.04bnTWD 21.95bnTWD 24.53bnTWD 23.20bnTWD 23.32bn
Cash and short-term investmentsTWD 4.66bnTWD 6.06bnTWD 4.89bnTWD 9.40bnTWD 8.44bnTWD 11.34bnTWD 9.16bnTWD 10.22bn
DebtTWD 1.44bnTWD 1.45bnTWD 1.58bnTWD 1.48bnTWD 1.21bnTWD 1.42bnTWD 1.34bnTWD 1.41bn
Shareholders' equityTWD 13.79bnTWD 13.00bnTWD 14.04bnTWD 13.00bnTWD 13.43bnTWD 13.49bnTWD 14.64bnTWD 13.46bn

Financial ratios

Data as of 13 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin24.9%25.3%25.4%25.7%22.6%22.4%
Operating margin13.6%14.9%14.9%14.9%12.0%11.3%
Net margin10.5%11.6%12.3%11.0%9.2%8.3%
Return on equity25.7%28.1%25.2%22.9%19.4%20.4%
Return on assets15.1%17.7%16.0%14.4%11.9%11.0%
Free cash flow yield9.7%11.3%11.4%8.6%7.2%3.4%
Revenue growth-3.1%9.4%1.2%10.9%16.1%-7.9%
Earnings growth-12.2%3.1%13.6%32.4%29.1%8.0%
Current ratio1.86x2.01x2.14x2.11x2.10x1.59x
Debt to equity0.10x0.09x0.10x0.13x0.16x0.34x
Equity ratio58.8%63.1%63.6%62.9%61.7%54.1%
Interest coverage14.39x14.21x17.46x24.15x38.22x44.16x
Buybacks as a share of market value-0.8%-2.2%-0.1%-0.1%-8.1%0.2%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue2.4%6.7%4.0%
Operating income-0.8%10.7%5.9%
Net income0.9%11.9%5.3%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin25.1%25.3%24.5%23.0%
Operating margin14.3%14.6%13.7%12.0%
Net margin11.0%11.3%10.6%9.2%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings20.019.421.215.822.120.117.823.119.816.5
Price to sales2.12.32.61.72.01.61.31.51.11.1

Dividends and splits

Per share, in the currency the company pays

Paid for 23 years. Last went ex-dividend on 26 Mar 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year9.0016.1023.07814.2169.3147.8434.7926.48
  • 1.02-for-1 split · 12 Sept 2024
  • 21-for-20 split · 22 Jul 2019
  • 1.035-for-1 split · 2 Aug 2016
  • 1.035-for-1 split · 4 Aug 2015
  • 21-for-20 split · 26 Jul 2007
  • 21-for-20 split · 27 Jul 2005

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.