Min Aik Precision Industrial Co 4545.TW · TWD
Industrials · Taiwan Stock Exchange · 🇹🇼 Taiwan
34.60
+7.96%
Close of 9 Nov 2026, in TWD
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At a glance
Figures in TWD, from our data supplier.
Revenue
TWD 2.39bn
FY2016FY2025
Net income
TWD 13.1m
FY2016FY2025
Free cash flow
−TWD 223.2m
FY2016FY2025
Shareholders' equity
TWD 1.90bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 2.39bn | TWD 2.40bn | TWD 2.08bn | TWD 2.28bn | TWD 2.17bn | TWD 1.92bn | TWD 1.80bn | TWD 2.07bn | TWD 2.47bn | TWD 2.63bn |
| Gross profit | TWD 348.6m | TWD 543.3m | TWD 382.6m | TWD 485.2m | TWD 460.0m | TWD 435.4m | TWD 398.2m | TWD 360.1m | TWD 500.8m | TWD 698.0m |
| Research and development | TWD 59.5m | TWD 52.6m | TWD 49.2m | TWD 57.2m | TWD 63.2m | TWD 72.2m | TWD 78.3m | TWD 102.2m | TWD 102.1m | TWD 87.2m |
| Operating income | TWD 34.9m | TWD 181.4m | TWD 87.5m | TWD 222.6m | TWD 141.9m | TWD 68.5m | TWD 15.8m | −TWD 51.7m | TWD 23.2m | TWD 273.4m |
| Net income | TWD 13.1m | TWD 182.8m | TWD 83.1m | TWD 161.8m | TWD 89.2m | TWD 30.0m | TWD 14.2m | −TWD 56.8m | TWD 16.5m | TWD 227.6m |
| Diluted earnings per share | 0.17 | 2.30 | 1.08 | 2.10 | 1.16 | 0.39 | 0.18 | -0.73 | 0.21 | 2.95 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 3.12bn | TWD 3.26bn | TWD 3.06bn | TWD 3.28bn | TWD 3.08bn | TWD 3.13bn | TWD 2.95bn | TWD 3.16bn | TWD 2.80bn | TWD 2.96bn |
| Cash and short-term investments | TWD 649.8m | TWD 926.4m | TWD 913.5m | TWD 683.5m | TWD 790.5m | TWD 888.5m | TWD 850.7m | TWD 1.00bn | TWD 1.09bn | TWD 1.28bn |
| Total liabilities | TWD 1.22bn | TWD 1.25bn | TWD 1.20bn | TWD 1.38bn | TWD 1.36bn | TWD 1.43bn | TWD 1.24bn | TWD 1.43bn | TWD 976.2m | TWD 972.8m |
| Debt | TWD 612.2m | TWD 536.8m | TWD 620.5m | TWD 776.9m | TWD 690.1m | TWD 761.5m | TWD 674.9m | TWD 744.6m | TWD 259.8m | TWD 212.9m |
| Shareholders' equity | TWD 1.90bn | TWD 2.01bn | TWD 1.86bn | TWD 1.90bn | TWD 1.71bn | TWD 1.70bn | TWD 1.71bn | TWD 1.73bn | TWD 1.83bn | TWD 1.99bn |
| Shares outstanding | 77m | 79m | 77m | 77m | 77m | 77m | 77m | 77m | 77m | 77m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | −TWD 28.4m | TWD 182.6m | TWD 569.4m | −TWD 7.7m | TWD 144.3m | TWD 15.8m | TWD 199.9m | TWD 245.5m | TWD 43.5m | TWD 116.4m |
| Capital spending | −TWD 194.8m | −TWD 29.8m | −TWD 66.8m | −TWD 117.0m | −TWD 114.7m | −TWD 122.4m | −TWD 70.6m | −TWD 779.0m | −TWD 104.8m | −TWD 55.7m |
| Free cash flow | −TWD 223.2m | TWD 152.8m | TWD 502.6m | −TWD 124.7m | TWD 29.6m | −TWD 106.6m | TWD 129.2m | −TWD 533.5m | −TWD 61.3m | TWD 60.8m |
| Dividends paid | −TWD 127.0m | −TWD 77.0m | −TWD 115.5m | −TWD 53.9m | −TWD 42.4m | −TWD 26.9m | −TWD 26.9m | −TWD 38.5m | −TWD 173.3m | −TWD 423.5m |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 601.8m | TWD 528.3m | TWD 559.0m | TWD 635.1m | TWD 597.9m | TWD 595.6m | TWD 564.1m | TWD 656.9m |
| Gross profit | TWD 101.3m | TWD 76.1m | TWD 79.3m | TWD 81.4m | TWD 98.5m | TWD 97.5m | TWD 83.9m | TWD 161.1m |
| Operating income | TWD 19.9m | TWD 3.0m | −TWD 12.8m | TWD 5.3m | TWD 21.5m | TWD 27.4m | −TWD 5.4m | TWD 71.2m |
| Net income | TWD 20.0m | TWD 16.3m | TWD 10.7m | TWD 19.0m | −TWD 47.4m | TWD 30.8m | TWD 5.4m | TWD 50.5m |
| Diluted earnings per share | 0.26 | 0.21 | 0.14 | 0.25 | -0.61 | 0.40 | 0.07 | 0.64 |
| Cash from operations | TWD 24.0m | −TWD 98.0m | — | −TWD 15.0m | TWD 43.0m | −TWD 57.0m | TWD 83.0m | TWD 83.0m |
| Capital spending | −TWD 27.0m | −TWD 27.0m | −TWD 35.0m | −TWD 82.0m | −TWD 36.0m | −TWD 40.0m | −TWD 7.0m | −TWD 10.0m |
| Free cash flow | −TWD 3.0m | −TWD 125.0m | — | −TWD 97.0m | TWD 7.0m | −TWD 97.0m | TWD 76.0m | TWD 73.0m |
| Total assets | TWD 3.35bn | TWD 3.19bn | TWD 3.12bn | TWD 3.08bn | TWD 3.12bn | TWD 3.24bn | TWD 3.26bn | TWD 3.24bn |
| Cash and short-term investments | TWD 600.9m | TWD 580.4m | TWD 649.8m | TWD 663.9m | TWD 784.4m | TWD 872.1m | TWD 926.4m | TWD 888.2m |
| Debt | TWD 615.9m | TWD 591.8m | TWD 562.6m | TWD 538.6m | TWD 467.7m | TWD 484.5m | TWD 460.2m | TWD 486.2m |
| Shareholders' equity | TWD 1.94bn | TWD 1.93bn | TWD 1.90bn | TWD 1.85bn | TWD 1.81bn | TWD 2.06bn | TWD 2.01bn | TWD 2.01bn |
Financial ratios
Data as of 27 Oct 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 14.6% | 22.7% | 18.4% | 21.3% | 21.2% | 22.7% |
| Operating margin | 1.5% | 10.9% | 4.2% | 10.3% | 6.5% | 3.6% |
| Net margin | 0.5% | 7.6% | 4.0% | 7.1% | 4.1% | 1.6% |
| Return on equity | 0.7% | 9.1% | 4.5% | 8.5% | 5.2% | 1.8% |
| Return on assets | 0.4% | 5.6% | 2.7% | 4.9% | 2.9% | 1.0% |
| Free cash flow yield | 5.9% | 7.3% | 22.5% | 3.9% | 9.1% | 4.9% |
| Revenue growth | -0.4% | 15.5% | -8.8% | 4.9% | 12.8% | 6.9% |
| Earnings growth | -92.8% | 120.0% | -48.7% | 81.4% | 197.5% | 111.8% |
| Current ratio | 1.60x | 2.14x | 1.88x | 2.11x | 1.81x | 2.03x |
| Debt to equity | 0.29x | 0.23x | 0.29x | 0.36x | 0.37x | 0.41x |
| Equity ratio | 60.9% | 61.7% | 60.8% | 57.9% | 55.7% | 54.3% |
| Interest coverage | 2.30x | 17.47x | 4.70x | 19.41x | 13.69x | 5.17x |
| R&D as a share of sales | 2.5% | 2.2% | 2.4% | 2.5% | 2.9% | 3.8% |
| Buybacks as a share of market value | 2.8% | -3.0% | 0.0% | 0.3% | 0.1% | -0.0% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 1.6% | 4.4% | -3.3% |
| Operating income | -46.1% | -12.6% | -24.3% |
| Net income | -56.7% | -15.3% | -30.7% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 18.6% | 19.3% | 20.1% | 22.5% |
| Operating margin | 4.5% | 5.8% | 5.6% | 6.1% |
| Net margin | 4.1% | 4.8% | 4.2% | 5.0% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 228.3 | 19.9 | 27.8 | 14.3 | 25.4 | 77.6 | 138.1 | -33.7 | 206.4 | 14.3 |
| Price to sales | 1.3 | 1.5 | 1.1 | 1.0 | 1.0 | 1.2 | 1.1 | 0.9 | 1.4 | 1.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 13 years. Last went ex-dividend on 24 Jun 2025.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 1.65 | 1.00 | 1.50 | 0.70 | 0.40 | 0.10 | 0.35 | 0.15 |
- 11-for-10 split · 12 Aug 2015
- 11-for-10 split · 26 May 2014
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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