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M

Mustang Industrial 5460.TWO · TWD

Information Technology · Taipei Exchange · 🇹🇼 Taiwan

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16.65

-3.76%

Close of 9 Nov 2026, in TWD

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in TWD, from our data supplier.

FY2025

Revenue

TWD 233.3m

FY2016FY2025

Net income

−TWD 10.2m

FY2016FY2025

Free cash flow

TWD 34.6m

FY2016FY2025

Shareholders' equity

TWD 726.6m

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueTWD 233.3mTWD 276.7mTWD 357.9mTWD 386.2mTWD 500.0mTWD 617.0mTWD 825.4mTWD 863.8mTWD 841.8mTWD 791.5m
Research and developmentTWD 8.0mTWD 8.4mTWD 8.4mTWD 9.1mTWD 10.3mTWD 11.4mTWD 12.3mTWD 11.8mTWD 12.4mTWD 12.3m
Operating income−TWD 16.8m−TWD 6.3m−TWD 15.9m−TWD 20.0mTWD 4.1mTWD 2.2mTWD 57.6mTWD 40.6mTWD 48.4mTWD 58.0m
Net income−TWD 10.2mTWD 13.2m−TWD 12.0m−TWD 19.9mTWD 449,000TWD 1.1mTWD 49.1mTWD 21.5mTWD 33.1mTWD 51.9m
Diluted earnings per share-0.170.23-0.19-0.340.010.020.840.370.560.91

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsTWD 811.4mTWD 827.6mTWD 810.5mTWD 848.2mTWD 885.1mTWD 950.3mTWD 1.04bnTWD 1.21bnTWD 1.19bnTWD 1.22bn
Cash and short-term investments——TWD 447.5mTWD 388.8mTWD 297.8mTWD 332.2m———TWD 437.4m
Total liabilitiesTWD 84.8mTWD 92.5mTWD 99.9mTWD 118.7mTWD 141.2mTWD 173.1mTWD 232.6mTWD 303.0mTWD 268.6mTWD 262.2m
Debt——TWD 4.0mTWD 6.5mTWD 9.0mTWD 3.3m————
Shareholders' equityTWD 726.6mTWD 735.1mTWD 710.7mTWD 729.5mTWD 743.9mTWD 777.2mTWD 811.8mTWD 909.2mTWD 926.0mTWD 956.4m
Shares outstanding59m59m63m59m54m61m59m59m59m57m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsTWD 37.8mTWD 27.7mTWD 61.0mTWD 95.8mTWD 30.5mTWD 163.9mTWD 112.5mTWD 122.6mTWD 84.0mTWD 118.5m
Capital spending−TWD 3.2m−TWD 853,000−TWD 91,000−TWD 7.7m−TWD 1.4m−TWD 76.5m−TWD 108.0m−TWD 98.0m−TWD 80.5m−TWD 109.3m
Free cash flowTWD 34.6mTWD 26.9mTWD 60.9mTWD 88.1mTWD 29.1mTWD 87.5mTWD 4.5mTWD 24.6mTWD 3.4mTWD 9.2m
Dividends paid————−TWD 6.1m−TWD 33.7m−TWD 21.6m−TWD 36.0m−TWD 46.8m−TWD 57.6m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueTWD 63.6mTWD 69.8mTWD 56.6mTWD 56.9mTWD 61.9mTWD 57.9mTWD 70.0mTWD 72.3m
Operating income−TWD 1.2mTWD 822,000−TWD 3.4m−TWD 3.6m−TWD 2.4m−TWD 7.3m−TWD 612,000TWD 348,000
Net incomeTWD 674,000TWD 5.2mTWD 1.4mTWD 2.9m−TWD 13.6m−TWD 984,000TWD 6.1m−TWD 899,000
Diluted earnings per share0.010.090.020.05-0.23-0.020.10-0.02
Cash from operationsTWD 8.0mTWD 5.0mTWD 17.0mTWD 17.0m−TWD 8.0mTWD 11.0mTWD 26.0mTWD 4.0m
Capital spending—−TWD 5.0m−TWD 2.0m—————
Free cash flow—TWD 0TWD 15.0m—————
Total assetsTWD 823.2mTWD 819.7mTWD 811.4mTWD 789.1mTWD 775.8mTWD 820.2mTWD 827.6mTWD 816.7m
Shareholders' equityTWD 744.4mTWD 740.8mTWD 726.6mTWD 710.6mTWD 694.1mTWD 739.6mTWD 735.1mTWD 728.9m

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-15.5%-17.7%-13.1%
Operating income-5.7%——
Net income-19.9%——

Average margins

Over each period

1 year3 years5 years10 years
Operating margin-4.5%-4.7%-2.2%3.7%
Net margin0.6%-2.3%-1.2%3.1%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings-90.266.8-74.8-32.4——15.134.026.615.5
Price to sales4.03.22.51.71.41.20.90.81.11.0

Dividends and splits

Per share, in the currency the company pays

Paid for 0 years.

  • 1000-to-960 reverse split · 21 Oct 2021
  • 1000-to-850 reverse split · 24 Oct 2019
  • 105-for-100 split · 23 Jul 2009
  • 103-for-100 split · 24 Jul 2008

Sources and methodology

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

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