Makalot Industrial Co., Ltd.

Makalot Industrial Co., Ltd.

1477.TW
Makalot Industrial Co., Ltd.TW flagTaiwan Stock Exchange
230.50
TWD
+4.50
- -
56.86BMarket Cap
Makalot Industrial Co., Ltd.
1477.TW
(Taiwan Stock Exchange)

Recent

price

230.50

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
75.36
78.05
80.22
91.27
103.9
107.61
97.99
98.21
109.53
117.9
111.14
119.6
130.04
134.21
146.88
- -
149.39
Revenue per Share
4.89
5.73
5.94
6.83
8.48
9.95
6.74
5.64
6.9
8.3
9.17
10.98
14.25
16.5
17.01
- -
16.32
Basic EPS, GAAP
5.37
0.43
10.33
-11.2
4.5
13.98
1.73
6.4
7.02
5.12
0.03
10.74
13.41
21.92
16.21
- -
14.26
Free Cash Flow per Basic Share
4.28
3.79
5.03
5.25
6.52
6.79
8.38
6.1
5.75
6.48
4.9
8
9.31
14.5
23.4
- -
6.87
Dividend per Share
13.6
18.07
18.75
20.67
22.93
24.77
22.35
21.81
24.9
25.98
30.84
32.57
37.06
39.81
33.79
- -
30.69
Book Value per Share
20.23
22.66
23.56
26.98
40.39
41.75
38.48
37.23
40.56
39.95
45.16
56.89
62.48
65.75
60.97
- -
54.79
Tangible Book Value per Share
188
194
198
196
201
217
226
228
218
229
224
242
247
242
242
- -
247
Basic Weighted Avg Shares
14,135
15,123
15,867
17,911
20,889
23,359
22,128
22,375
23,930
27,048
24,924
28,931
32,083
32,459
35,524
34,428
36,834
Sales/Revenue/Turnover
9.46
9.58
9.64
9.07
9.99
11.35
8.81
7.9
8.27
9.19
10.82
11.61
13.82
14.93
14.89
13.6
14.53
Operating Margin (%)
212
183
192
203
260
305
360
389
373
519
534
530
562
548
565
608
581
Depreciation Expense
918
1,111
1,175
1,341
1,705
2,159
1,523
1,286
1,507
1,905
2,056
2,655
3,515
3,991
4,115
3,614
4,024
Net Income, GAAP
21.85
20.87
18.17
18.47
18.59
19.11
19.21
19.8
22.05
21.26
23.48
21.19
22.86
19.74
20.42
20.09
20.72
Effective Tax Rate (%)
6.49
7.34
7.41
7.49
8.16
9.24
6.88
5.75
6.3
7.04
8.25
9.18
10.95
12.3
11.58
10.5
10.92
Profit Margin (%)
2,796
3,249
4,127
2,541
3,515
3,906
3,290
3,419
3,706
3,984
4,719
8,453
9,453
9,821
8,075
7,340
7,029
Working Capital
- -
- -
639
1,640
- -
- -
- -
- -
- -
71
54
370
161
71
166
922
238
LT Debt
3,795
4,410
4,676
5,330
8,162
9,112
8,728
8,504
8,881
9,198
10,164
13,795
15,445
15,927
14,769
14,174
13,529
Total Equity
23.98
24.61
23.48
20.8
21.23
23.13
16.45
15.43
16.66
19.47
16.68
17.01
19.25
20.89
23.7
21.75
26.47
Return on Invested Capital (%)
32.02
33.21
29
27.36
32.53
40.73
27.04
23.81
27.54
30.37
23.8
25.97
33.37
36.41
40.99
37.98
45.79
Return on Capital (%)
36.57
36.7
32.6
34.53
39.35
43.24
29.22
25.68
28.96
33.41
31.94
35.89
41.3
42.52
46.23
45.2
52.75
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
1,335
1,425
1,205
LT Borrowings
- -
- -
- -
LT Finance Leases
166
285
238
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
247
247
247
Market Capitalization
78,675
75,615
58,191

Working Capital

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
16,093
17,084
14,973
Cash, Cash Equivalents & STI
9,164
11,337
8,443
Accounts Receivable, Net
829
782
888
Inventories
5,702
4,442
5,202
Total Current Liabilities
8,019
10,428
7,944
Payables & Accruals
- -
- -
- -
ST Debt
1,335
1,425
1,205
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.12%
7.9%
-4.03%
Free Cash Flow
4,455.85%
8,898.03%
-14.83%
Net Income, GAAP
7.25%
13.2%
-12.17%
Sales/Revenue/Turnover
4.25%
6.9%
-3.08%
Total Cash Common Dividend
16.35%
35.79%
-29.82%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
7,834
7,224
9,272
8,128
32,459
2024
8,608
7,694
10,465
8,756
35,524
2025
9,924
7,689
7,926
- -
34,428

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
3.84
3.26
5.36
- -
16.5
2024
4.63
3.48
4.74
- -
17.01
2025
5.15
2.5
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
14.5
2024
- -
- -
- -
- -
23.4
2025
- -
- -
- -
- -
- -
Business
Makalot Industrial Co., Ltd. is a Taiwan-based company principally engaged in the design, manufacture, and sale of garments, primarily serving the American and European markets. The company produces a broad range of apparel products including underwear, pajamas, skirts, dresses, tops, jackets, trousers, sweaters, sportswear, and other knitting and weaving items, encompassing fashion apparel, sports apparel, and sleeping apparel across more than 15 categories and approximately 2,500 styles annually. Additionally, Makalot provides comprehensive services such as materials development, supplier management, garment style design, trend supply, logistics, research and development, and electronic information exchange solutions. Its client base includes major retailers in the United States, such as Wal-Mart, Gap, and Target. The company operates globally with over 33,000 employees and 33 factories located in Indonesia, Vietnam, Cambodia, China, and the Philippines. Founded in 1990, Makalot is headquartered in Taipei, Taiwan. In recent developments, Makalot has expanded its Americas supply chain facilities, notably enhancing its operational footprint in El Salvador to better support the U.S. market, improve supply chain resilience, and foster closer collaboration with its clients. The company has also ventured into smart textiles and AI-driven fashion innovation, launching advanced materials and integrated smart textile solutions that include garments capable of sensing physiological signals, heating and cooling systems, motion-capture apparel, and muscle-stimulation wearables. Furthermore, Makalot has adopted advanced digital tools such as Coats Digital’s GSDCost solution to optimize production efficiency, cost management, and on-time delivery as part of its strategic global expansion and sustainability efforts. The company actively pursues environmentally friendly practices and has set ambitious targets for carbon neutrality and energy efficiency improvements. Makalot's operations and strategic initiatives position it as a leading global OEM/ODM garment manufacturer, delivering mid-priced, fashionable, and diversified apparel products with integrated supply chain management and a strong emphasis on innovation and sustainability in the textile and apparel industry.