N 
Nien Made Enterprise Co 8464.TW · TWD
Consumer Discretionary · Taiwan Stock Exchange · 🇹🇼 Taiwan
348.00
+0.29%
Close of 9 Nov 2026, in TWD
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At a glance
Figures in TWD, from our data supplier.
Revenue
TWD 29.97bn
FY2016FY2025
Net income
TWD 6.60bn
FY2016FY2025
Free cash flow
TWD 5.48bn
FY2016FY2025
Shareholders' equity
TWD 30.00bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 29.97bn | TWD 29.54bn | TWD 26.91bn | TWD 28.95bn | TWD 29.02bn | TWD 24.41bn | TWD 23.93bn | TWD 21.88bn | TWD 19.70bn | TWD 18.86bn |
| Gross profit | TWD 17.62bn | TWD 16.91bn | TWD 14.93bn | TWD 15.90bn | TWD 15.80bn | TWD 13.63bn | TWD 12.15bn | TWD 9.88bn | TWD 9.46bn | TWD 9.14bn |
| Research and development | TWD 155.0m | TWD 171.6m | TWD 181.8m | TWD 205.1m | TWD 177.7m | TWD 141.1m | TWD 136.5m | TWD 119.8m | TWD 101.8m | TWD 117.9m |
| Operating income | TWD 8.92bn | TWD 8.37bn | TWD 6.97bn | TWD 8.46bn | TWD 7.49bn | TWD 6.60bn | TWD 6.12bn | TWD 4.67bn | TWD 4.89bn | TWD 4.67bn |
| Net income | TWD 6.60bn | TWD 6.90bn | TWD 5.49bn | TWD 6.17bn | TWD 5.32bn | TWD 4.80bn | TWD 4.50bn | TWD 3.63bn | TWD 3.60bn | TWD 3.69bn |
| Diluted earnings per share | 21.35 | 23.43 | 18.67 | 21.07 | 18.15 | 16.37 | 15.37 | 12.38 | 12.27 | 12.58 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | TWD 40.02bn | TWD 37.86bn | TWD 32.61bn | TWD 30.55bn | TWD 29.39bn | TWD 27.90bn | TWD 22.16bn | TWD 18.62bn | TWD 16.70bn | TWD 16.59bn |
| Cash and short-term investments | TWD 16.87bn | TWD 15.86bn | TWD 12.82bn | TWD 9.37bn | TWD 10.42bn | TWD 10.77bn | TWD 7.47bn | TWD 4.57bn | TWD 4.26bn | TWD 4.27bn |
| Total liabilities | TWD 9.62bn | TWD 9.78bn | TWD 8.18bn | TWD 8.77bn | TWD 11.50bn | TWD 12.24bn | TWD 8.20bn | TWD 5.90bn | TWD 4.60bn | TWD 4.90bn |
| Debt | TWD 1.53bn | TWD 1.14bn | TWD 243.6m | TWD 260.1m | TWD 3.07bn | TWD 5.15bn | TWD 2.71bn | TWD 790.0m | — | — |
| Shareholders' equity | TWD 30.00bn | TWD 27.61bn | TWD 23.97bn | TWD 21.48bn | TWD 17.50bn | TWD 15.34bn | TWD 13.73bn | TWD 12.56bn | TWD 11.95bn | TWD 11.55bn |
| Shares outstanding | 309m | 295m | 294m | 293m | 293m | 293m | 293m | 293m | 293m | 293m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | TWD 7.05bn | TWD 8.55bn | TWD 6.88bn | TWD 6.92bn | TWD 6.04bn | TWD 6.04bn | TWD 6.51bn | TWD 3.80bn | TWD 3.32bn | TWD 4.18bn |
| Capital spending | −TWD 1.57bn | −TWD 2.46bn | −TWD 823.6m | −TWD 1.58bn | −TWD 1.09bn | −TWD 2.19bn | −TWD 1.89bn | −TWD 812.8m | −TWD 663.9m | −TWD 717.1m |
| Free cash flow | TWD 5.48bn | TWD 6.08bn | TWD 6.06bn | TWD 5.35bn | TWD 4.95bn | TWD 3.86bn | TWD 4.62bn | TWD 2.99bn | TWD 2.65bn | TWD 3.46bn |
| Dividends paid | −TWD 4.25bn | −TWD 3.52bn | −TWD 3.22bn | −TWD 3.22bn | −TWD 2.93bn | −TWD 2.93bn | −TWD 2.93bn | −TWD 2.93bn | −TWD 2.95bn | −TWD 2.38bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | TWD 7.93bn | TWD 7.31bn | TWD 7.67bn | TWD 7.32bn | TWD 7.71bn | TWD 7.27bn | TWD 7.95bn | TWD 7.86bn |
| Gross profit | TWD 4.63bn | TWD 4.19bn | TWD 4.53bn | TWD 4.30bn | TWD 4.56bn | TWD 4.23bn | TWD 4.54bn | TWD 4.53bn |
| Operating income | TWD 2.16bn | TWD 2.05bn | TWD 2.31bn | TWD 2.13bn | TWD 2.40bn | TWD 2.08bn | TWD 2.22bn | TWD 2.40bn |
| Net income | TWD 1.39bn | TWD 1.65bn | TWD 1.96bn | TWD 1.71bn | TWD 1.15bn | TWD 1.78bn | TWD 1.93bn | TWD 1.77bn |
| Diluted earnings per share | 4.75 | 5.62 | 6.35 | 5.52 | 3.73 | 5.75 | 6.57 | 6.01 |
| Cash from operations | TWD 1.41bn | TWD 3.12bn | TWD 2.93bn | TWD 1.34bn | TWD 494.0m | TWD 2.29bn | TWD 3.39bn | TWD 1.14bn |
| Capital spending | −TWD 302.0m | −TWD 878.0m | −TWD 334.0m | −TWD 768.0m | −TWD 256.0m | −TWD 279.0m | −TWD 811.0m | −TWD 1.10bn |
| Free cash flow | TWD 1.11bn | TWD 2.24bn | TWD 2.60bn | TWD 569.0m | TWD 238.0m | TWD 2.01bn | TWD 2.58bn | TWD 32.0m |
| Total assets | TWD 39.43bn | TWD 42.58bn | TWD 40.02bn | TWD 36.48bn | TWD 34.46bn | TWD 40.21bn | TWD 37.86bn | TWD 34.69bn |
| Cash and short-term investments | TWD 15.81bn | TWD 19.35bn | TWD 16.87bn | TWD 14.12bn | TWD 13.36bn | TWD 17.89bn | TWD 15.86bn | TWD 13.08bn |
| Debt | TWD 739.8m | TWD 1.38bn | TWD 1.35bn | TWD 1.04bn | TWD 900.5m | TWD 973.1m | TWD 927.6m | TWD 983.0m |
| Shareholders' equity | TWD 28.81bn | TWD 27.28bn | TWD 30.00bn | TWD 27.32bn | TWD 25.22bn | TWD 25.37bn | TWD 27.61bn | TWD 25.44bn |
Financial ratios
Data as of 9 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 58.8% | 57.2% | 55.5% | 54.9% | 54.4% | 55.8% |
| Operating margin | 29.8% | 28.3% | 25.9% | 29.2% | 25.8% | 27.0% |
| Net margin | 22.0% | 23.4% | 20.4% | 21.3% | 18.3% | 19.6% |
| Return on equity | 22.0% | 25.0% | 22.9% | 28.7% | 30.4% | 31.3% |
| Return on assets | 16.5% | 18.2% | 16.8% | 20.2% | 18.1% | 17.2% |
| Free cash flow yield | 7.4% | 10.0% | 7.0% | 7.7% | 6.5% | 7.5% |
| Revenue growth | 1.5% | 9.7% | -7.0% | -0.3% | 18.9% | 2.0% |
| Earnings growth | -4.4% | 25.8% | -11.1% | 16.0% | 10.9% | 6.5% |
| Current ratio | 4.15x | 3.67x | 3.71x | 2.93x | 2.06x | 1.76x |
| Debt to equity | 0.04x | 0.03x | 0.00x | 0.00x | 0.17x | 0.33x |
| Equity ratio | 75.0% | 72.9% | 73.5% | 70.3% | 59.5% | 55.0% |
| Interest coverage | 406.78x | 657.32x | 1363.75x | 913.71x | 220.64x | 209.14x |
| R&D as a share of sales | 0.5% | 0.6% | 0.7% | 0.7% | 0.6% | 0.6% |
| Buybacks as a share of market value | -5.0% | -0.3% | -0.3% | 0.0% | -0.0% | 0.1% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 1.2% | 4.2% | 5.9% |
| Operating income | 1.8% | 6.2% | 9.5% |
| Net income | 2.3% | 6.6% | 9.6% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 58.0% | 56.6% | 56.2% | 52.9% |
| Operating margin | 29.0% | 28.4% | 27.7% | 26.2% |
| Net margin | 22.7% | 21.8% | 20.9% | 19.8% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 16.9 | 15.6 | 18.9 | 14.0 | 22.7 | 19.9 | 18.0 | 19.1 | 25.9 | 26.4 |
| Price to sales | 3.7 | 3.7 | 3.9 | 3.0 | 4.2 | 3.9 | 3.4 | 3.2 | 4.7 | 5.2 |
Dividends and splits
Per share, in the currency the company pays
Paid for 10 years. Last went ex-dividend on 25 Mar 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 16.00 | 14.50 | 12.00 | 11.00 | 11.00 | 10.00 | 10.00 | 10.00 |
- 1.146-for-1 split · 5 Aug 2015
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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