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Gourmet Master Co 2723.TW · TWD

Consumer Discretionary · Taiwan Stock Exchange · 🇹🇼 Taiwan

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80.90

+2.15%

Close of 9 Nov 2026, in TWD

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At a glance

Figures in TWD, from our data supplier.

FY2025

Revenue

TWD 18.11bn

FY2016FY2025

Net income

−TWD 443.8m

FY2016FY2025

Free cash flow

TWD 721.5m

FY2016FY2025

Shareholders' equity

TWD 10.09bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTWD 18.11bnTWD 18.98bnTWD 20.42bnTWD 19.51bnTWD 19.86bnTWD 19.68bnTWD 23.16bnTWD 24.12bnTWD 23.02bnTWD 22.05bn
Gross profitTWD 10.76bnTWD 11.25bnTWD 12.02bnTWD 11.25bnTWD 11.75bnTWD 11.70bnTWD 13.82bnTWD 14.16bnTWD 13.66bnTWD 12.83bn
Research and developmentTWD 69.5mTWD 72.0mTWD 77.1mTWD 69.2mTWD 38.8mTWD 31.6mTWD 35.7mTWD 34.9mTWD 38.0mTWD 31.8m
Operating incomeTWD 215.3mTWD 1.14bnTWD 1.10bnTWD 902.6mTWD 1.67bnTWD 1.65bnTWD 1.74bnTWD 2.37bnTWD 2.86bnTWD 2.38bn
Net income−TWD 443.8mTWD 589.9mTWD 756.6mTWD 483.1mTWD 1.09bnTWD 1.02bnTWD 932.9mTWD 1.67bnTWD 2.14bnTWD 1.74bn
Diluted earnings per share-2.413.284.202.686.075.655.179.2811.879.67

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTWD 17.44bnTWD 19.51bnTWD 19.44bnTWD 20.49bnTWD 20.82bnTWD 22.18bnTWD 22.61bnTWD 16.17bnTWD 15.81bnTWD 13.44bn
Cash and short-term investmentsTWD 4.39bnTWD 4.87bnTWD 5.54bnTWD 5.63bnTWD 6.71bnTWD 6.43bnTWD 5.48bnTWD 5.21bnTWD 6.66bnTWD 5.60bn
Total liabilitiesTWD 7.34bnTWD 8.27bnTWD 8.48bnTWD 9.70bnTWD 9.90bnTWD 11.51bnTWD 12.39bnTWD 5.69bnTWD 5.88bnTWD 4.77bn
DebtTWD 1.52bnTWD 4.25bnTWD 4.00bnTWD 5.15bnTWD 5.19bnTWD 6.76bnTWD 7.36bnTWD 565.1mTWD 1.18bnTWD 802.2m
Shareholders' equityTWD 10.09bnTWD 11.30bnTWD 11.02bnTWD 10.90bnTWD 10.99bnTWD 10.71bnTWD 10.22bnTWD 10.45bnTWD 9.85bnTWD 8.59bn
Shares outstanding184m180m180m180m180m180m181m180m180m180m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsTWD 1.80bnTWD 2.46bnTWD 3.01bnTWD 2.55bnTWD 3.58bnTWD 3.91bnTWD 4.55bnTWD 3.24bnTWD 3.48bnTWD 3.29bn
Capital spending−TWD 1.07bn−TWD 1.33bn−TWD 1.20bn−TWD 1.46bn−TWD 961.0m−TWD 1.40bn−TWD 1.18bn−TWD 1.92bn−TWD 1.85bn−TWD 1.41bn
Free cash flowTWD 721.5mTWD 1.13bnTWD 1.81bnTWD 1.10bnTWD 2.62bnTWD 2.51bnTWD 3.36bnTWD 1.32bnTWD 1.63bnTWD 1.88bn
Dividends paid−TWD 540.0m−TWD 630.0m−TWD 450.0m−TWD 900.0m−TWD 720.0m−TWD 540.0m−TWD 900.0m−TWD 978.0m−TWD 740.9m−TWD 352.8m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTWD 4.23bnTWD 4.03bnTWD 4.33bnTWD 4.32bnTWD 4.62bnTWD 4.83bnTWD 4.92bnTWD 4.73bn
Gross profitTWD 2.61bnTWD 2.46bnTWD 2.58bnTWD 2.55bnTWD 2.76bnTWD 2.88bnTWD 2.92bnTWD 2.77bn
Operating incomeTWD 422.4mTWD 323.7mTWD 350.1m−TWD 877.5mTWD 282.9mTWD 315.3mTWD 354.7mTWD 294.7m
Net incomeTWD 343.8mTWD 236.6mTWD 318.1m−TWD 1.09bnTWD 117.4mTWD 211.6mTWD 200.5mTWD 151.8m
Diluted earnings per share1.881.291.73-5.930.641.151.110.84
Cash from operations—TWD 498.0mTWD 323.0mTWD 641.0mTWD 169.0mTWD 660.0mTWD 633.0mTWD 691.0m
Capital spending—−TWD 753.0m−TWD 341.0m−TWD 274.0m−TWD 248.0m−TWD 209.0m−TWD 272.0m−TWD 251.0m
Free cash flow—−TWD 255.0m−TWD 18.0mTWD 367.0m−TWD 79.0mTWD 451.0mTWD 361.0mTWD 440.0m
Total assets—TWD 17.42bnTWD 17.44bnTWD 17.52bnTWD 17.94bnTWD 19.64bnTWD 19.51bnTWD 19.42bn
Cash and short-term investments—TWD 3.78bnTWD 4.39bnTWD 4.32bnTWD 4.53bnTWD 5.12bnTWD 4.87bnTWD 4.77bn
Debt—TWD 1.32bnTWD 1.52bnTWD 1.41bnTWD 1.15bnTWD 1.31bnTWD 1.32bnTWD 1.36bn
Shareholders' equity—TWD 10.42bnTWD 10.09bnTWD 9.51bnTWD 10.39bnTWD 11.68bnTWD 11.30bnTWD 11.08bn

Financial ratios

Data as of 2 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin59.4%59.3%58.9%57.6%59.2%59.5%
Operating margin1.2%6.0%5.4%4.6%8.4%8.4%
Net margin-2.5%3.1%3.7%2.5%5.5%5.2%
Return on equity-4.4%5.2%6.9%4.4%9.9%9.5%
Return on assets-2.5%3.0%3.9%2.4%5.3%4.6%
Free cash flow yield20.2%27.3%30.3%28.8%32.7%38.2%
Revenue growth-4.6%-7.1%4.7%-1.7%0.9%-15.0%
Earnings growth-175.2%-22.0%56.6%-55.8%7.7%8.8%
Current ratio1.24x1.33x1.35x1.20x1.34x1.11x
Debt to equity0.15x0.12x0.12x0.18x0.17x0.27x
Equity ratio57.8%57.9%56.7%53.2%52.8%48.3%
Interest coverage1.82x8.27x6.87x5.09x9.00x7.17x
R&D as a share of sales0.4%0.4%0.4%0.4%0.2%0.2%
Buybacks as a share of market value-2.1%0.0%0.0%0.0%-0.2%0.5%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-2.5%-1.7%-1.2%
Operating income-38.0%-33.4%-18.6%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin59.4%58.8%59.0%58.8%
Operating margin3.7%4.4%5.7%7.7%
Net margin0.4%1.8%3.0%4.8%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings-29.329.524.156.518.524.923.922.233.220.9
Price to sales0.70.90.91.41.01.31.01.53.11.6

Dividends and splits

Per share, in the currency the company pays

Paid for 15 years. Last went ex-dividend on 23 Jun 2025.

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Paid in the year3.003.502.505.004.003.005.005.435
  • 11-for-10 split · 30 Jun 2017
  • 21-for-20 split · 24 Aug 2016
  • 21-for-20 split · 21 Jun 2012
  • 21-for-20 split · 8 Aug 2011

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.