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Kaulin Manufacturing Co 1531.TW · TWD

Industrials · Taiwan Stock Exchange · 🇹🇼 Taiwan

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10.75

-0.92%

Close of 9 Nov 2026, in TWD

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At a glance

Figures in TWD, from our data supplier.

FY2025

Revenue

TWD 1.49bn

FY2016FY2025

Net income

−TWD 21.3m

FY2016FY2025

Free cash flow

TWD 334.6m

FY2016FY2025

Shareholders' equity

TWD 3.60bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTWD 1.49bnTWD 1.64bnTWD 1.42bnTWD 2.10bnTWD 2.95bnTWD 1.61bnTWD 2.17bnTWD 2.66bnTWD 2.25bnTWD 2.38bn
Gross profitTWD 300.8mTWD 297.6mTWD 203.2mTWD 405.7mTWD 531.0mTWD 200.9mTWD 351.8mTWD 551.4mTWD 584.2mTWD 506.1m
Research and developmentTWD 57.5mTWD 48.4mTWD 39.7mTWD 45.5mTWD 43.8mTWD 45.7mTWD 60.6mTWD 56.4mTWD 57.0mTWD 58.2m
Operating income−TWD 42.0m−TWD 10.4m−TWD 82.7mTWD 88.0mTWD 198.0m−TWD 80.0mTWD 44.0mTWD 194.8mTWD 275.1mTWD 134.2m
Net income−TWD 21.3mTWD 85.7mTWD 14.0mTWD 186.5mTWD 171.5m−TWD 55.1mTWD 29.7mTWD 125.4mTWD 156.9mTWD 109.1m
Diluted earnings per share-0.110.470.081.020.94-0.300.160.680.850.59

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTWD 4.28bnTWD 4.37bnTWD 4.17bnTWD 4.61bnTWD 4.88bnTWD 4.42bnTWD 4.37bnTWD 4.67bnTWD 4.73bnTWD 4.72bn
Cash and short-term investmentsTWD 1.85bnTWD 1.54bnTWD 1.09bnTWD 1.18bnTWD 1.14bnTWD 1.32bnTWD 1.14bnTWD 839.8mTWD 1.50bnTWD 1.50bn
Total liabilitiesTWD 681.1mTWD 640.8mTWD 580.3mTWD 867.9mTWD 1.24bnTWD 884.4mTWD 733.0mTWD 889.8mTWD 880.7mTWD 906.9m
DebtTWD 104.7mTWD 149.2mTWD 100.8mTWD 255.4mTWD 241.3mTWD 102.9mTWD 137.0mTWD 140.3mTWD 148.6mTWD 293.9m
Shareholders' equityTWD 3.60bnTWD 3.73bnTWD 3.59bnTWD 3.74bnTWD 3.65bnTWD 3.54bnTWD 3.64bnTWD 3.78bnTWD 3.85bnTWD 3.82bn
Shares outstanding187m182m182m182m183m184m189m185m185m185m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsTWD 419.4mTWD 499.8mTWD 298.9mTWD 161.6m−TWD 228.4mTWD 226.1mTWD 461.9m−TWD 441.4mTWD 272.2mTWD 312.4m
Capital spending−TWD 84.9m−TWD 52.3m−TWD 217.4m−TWD 31.4m−TWD 34.1m−TWD 12.8m−TWD 40.3m−TWD 57.8m−TWD 37.7m−TWD 97.9m
Free cash flowTWD 334.6mTWD 447.5mTWD 81.5mTWD 130.1m−TWD 262.5mTWD 213.3mTWD 421.6m−TWD 499.3mTWD 234.4mTWD 214.5m
Dividends paid−TWD 72.8m−TWD 36.4m−TWD 145.7m−TWD 127.5m−TWD 36.7m−TWD 37.0m−TWD 92.5m−TWD 148.0m−TWD 111.0m−TWD 111.0m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTWD 433.8mTWD 347.5mTWD 329.7mTWD 362.0mTWD 389.1mTWD 410.5mTWD 396.7mTWD 431.0m
Gross profitTWD 63.9mTWD 36.4mTWD 64.3mTWD 67.7mTWD 87.7mTWD 81.1mTWD 59.5mTWD 92.5m
Operating income−TWD 35.4m−TWD 22.6m−TWD 20.1m−TWD 23.3mTWD 1.3mTWD 1.6m−TWD 28.9mTWD 17.2m
Net income−TWD 9.4mTWD 5.4mTWD 20.8mTWD 32.2m−TWD 105.5mTWD 31.2mTWD 40.2mTWD 11.6m
Diluted earnings per share-0.050.030.110.17-0.560.170.220.06
Cash from operationsTWD 168.0mTWD 48.0mTWD 123.0mTWD 84.0mTWD 18.0mTWD 193.0mTWD 192.0mTWD 212.0m
Capital spending−TWD 49.0m−TWD 12.0m−TWD 23.0m−TWD 23.0m−TWD 18.0m−TWD 19.0m−TWD 18.0m−TWD 13.0m
Free cash flowTWD 119.0mTWD 36.0mTWD 100.0mTWD 61.0mTWD 0TWD 174.0mTWD 174.0mTWD 199.0m
Total assetsTWD 4.66bnTWD 4.44bnTWD 4.28bnTWD 4.29bnTWD 4.16bnTWD 4.56bnTWD 4.37bnTWD 4.31bn
Cash and short-term investmentsTWD 2.13bnTWD 2.00bnTWD 1.85bnTWD 1.80bnTWD 1.81bnTWD 1.72bnTWD 1.54bnTWD 1.35bn
DebtTWD 123.2mTWD 123.0mTWD 22.8mTWD 121.5mTWD 110.5mTWD 110.5mTWD 109.4mTWD 107.0m
Shareholders' equityTWD 3.48bnTWD 3.66bnTWD 3.60bnTWD 3.52bnTWD 3.42bnTWD 3.78bnTWD 3.73bnTWD 3.66bn

Financial ratios

Data as of 28 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin20.2%18.2%14.3%19.3%18.0%12.5%
Operating margin-2.8%6.7%-2.7%12.7%8.3%-4.2%
Net margin-1.4%5.2%1.0%8.9%5.8%-3.4%
Return on equity-0.6%2.3%0.4%5.0%4.7%-1.6%
Return on assets-0.5%2.0%0.3%4.0%3.5%-1.2%
Free cash flow yield23.0%25.9%24.2%9.1%-9.1%11.1%
Revenue growth-8.9%15.3%-32.4%-28.7%83.1%-25.8%
Earnings growth-124.9%510.9%-92.5%8.8%-411.2%-285.4%
Current ratio7.44x8.06x7.97x5.04x3.67x4.82x
Debt to equity0.01x0.03x0.03x0.07x0.07x0.03x
Equity ratio84.1%85.3%86.1%81.2%74.7%80.0%
Interest coverage-15.31x47.80x-9.31x33.06x117.87x-97.38x
R&D as a share of sales3.9%3.0%2.8%2.2%1.5%2.8%
Buybacks as a share of market value-2.7%0.0%0.0%0.4%0.5%2.8%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-10.8%-1.5%-5.2%
Operating income—-12.1%—
Net income—-17.3%—

Average margins

Over each period

1 year3 years5 years10 years
Gross margin19.1%18.2%17.3%19.3%
Operating margin-1.7%-0.7%0.6%3.5%
Net margin2.1%4.0%3.4%4.1%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings-107.230.0177.913.717.0-44.396.623.827.626.9
Price to sales1.51.61.81.21.01.51.31.11.91.2

Dividends and splits

Per share, in the currency the company pays

Paid for 26 years. Last went ex-dividend on 14 Jul 2025.

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Paid in the year0.400.200.800.700.2020.2020.500.80
  • 1.13-for-1 split · 11 Sept 2008
  • 1.15-for-1 split · 24 Aug 2006
  • 21-for-20 split · 25 Aug 2005
  • 1.15-for-1 split · 26 Aug 2004
  • 11-for-10 split · 23 Aug 2001
  • 1.15-for-1 split · 29 Aug 2000

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.