1. Taiwan, Province of China Stocks

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    Basic Materials

  3. •

    Chemicals - Specialty
Yung Chi Paint & Varnish Mfg.Co.,Ltd

Yung Chi Paint & Varnish Mfg.Co.,Ltd

1726.TW
Yung Chi Paint & Varnish Mfg.Co.,LtdTW flagTaiwan Stock Exchange
78.00
TWD
- -
- -
12.64BMarket Cap
Yung Chi Paint & Varnish Mfg.Co.,Ltd
1726.TW
(Taiwan Stock Exchange)

Recent

price

78.00

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
44.42
48.07
50.17
50.3
51.25
49.85
47.08
47.27
49.64
49.01
49.31
54.73
60.1
57.74
58.8
- -
60.49
Revenue per Share
3.46
4.31
5.44
6.33
6.39
5.8
6.52
4.88
4.61
4.21
5.13
5.45
5.03
5.13
5.28
- -
5.51
Basic EPS, GAAP
0.92
2.05
2.98
4.58
5.55
8.23
5.86
1.19
-0.21
3.15
5.66
-2.17
2.19
8.7
2.73
- -
8.05
Free Cash Flow per Basic Share
2.5
2.5
2.5
3.5
4.2
3.8
3.8
4
3.5
3.5
3.2
3.5
3.5
3.5
3.5
- -
- -
Dividend per Share
29.87
32.54
34.92
44.16
37.41
38.67
41.07
40.75
40.68
40.62
42.13
43.76
44.76
45.87
47.3
- -
48.84
Book Value per Share
36.37
39.67
41.6
45.01
47.57
48.94
51.09
51.02
52.02
51.89
54.06
56.87
59.06
60.4
63.34
- -
64.45
Tangible Book Value per Share
162
162
162
162
162
162
162
162
162
162
162
162
162
162
162
- -
162
Basic Weighted Avg Shares
7,196
7,787
8,127
8,147
8,303
8,076
7,628
7,658
8,042
7,940
7,988
8,866
9,736
9,354
9,526
9,785
9,785
Sales/Revenue/Turnover
10.65
10.79
11.86
13.98
15.72
15.19
15.15
13.67
9.37
10.07
12.26
11.44
8.93
10.09
10.36
11.18
11.18
Operating Margin (%)
101
97
84
81
79
74
72
84
113
150
150
158
187
214
230
233
233
Depreciation Expense
560
698
881
1,025
1,035
940
1,056
790
746
683
831
882
814
831
856
892
892
Net Income, GAAP
27.28
22.48
21.52
19.38
16.63
23.53
16.37
25.33
15.73
20
20.29
17.09
21.68
20.28
22.68
23.27
23.27
Effective Tax Rate (%)
7.79
8.97
10.84
12.58
12.47
11.64
13.84
10.32
9.28
8.6
10.4
9.95
8.37
8.89
8.99
9.11
9.11
Profit Margin (%)
4,700
4,972
5,206
5,774
6,090
6,229
6,401
5,887
5,772
5,601
5,760
5,432
5,683
5,994
6,390
6,718
6,718
Working Capital
145
151
4
- -
- -
- -
- -
- -
- -
- -
15
8
33
35
15
1
1
LT Debt
5,973
6,429
6,750
7,300
7,718
7,938
8,286
8,275
8,435
8,413
8,763
9,217
9,573
9,788
10,264
10,429
10,429
Total Equity
8.56
9.78
10.89
12.6
14.07
11.69
11.67
9.28
7.49
7.5
8.93
9.17
7.11
7.61
7.44
7.96
7.96
Return on Invested Capital (%)
10.69
12.9
15.41
15.8
15.46
15.06
16.2
11.81
11.19
10.28
12.3
12.59
11.29
11.21
11.23
11.37
11.37
Return on Capital (%)
11.67
13.81
16.11
16.01
15.67
15.25
16.34
11.93
11.31
10.37
12.39
12.68
11.36
11.32
11.34
11.46
11.46
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
52
30
47
LT Borrowings
- -
- -
- -
LT Finance Leases
3
2
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
162
162
162
Market Capitalization
12,586
12,198
12,376

Working Capital

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
8,005
7,648
8,224
Cash, Cash Equivalents & STI
3,010
2,697
3,176
Accounts Receivable, Net
1,821
1,795
1,890
Inventories
2,382
2,434
2,418
Total Current Liabilities
2,040
1,331
1,506
Payables & Accruals
- -
- -
- -
ST Debt
52
30
47
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.78%
3.55%
1.61%
Free Cash Flow
-164.35%
16.91%
194.37%
Net Income, GAAP
0.25%
1.55%
4.15%
Sales/Revenue/Turnover
2.06%
4.29%
2.72%
Total Cash Common Dividend
- -
- -
2.86%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
2,463
2,174
2,191
2,526
9,354
2024
2,285
2,229
2,355
2,657
9,526
2025
2,544
2,472
2,262
2,507
9,785

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
1.3
1.17
1.35
- -
5.13
2024
1.48
1.18
1.16
- -
5.28
2025
1.6
1.16
1.52
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
3.5
2024
- -
- -
- -
- -
3.5
2025
- -
- -
- -
- -
- -
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Business
Yung Chi Paint & Varnish Mfg. Co., Ltd. is a Taiwan-based manufacturer and distributor of a comprehensive range of coatings and paint products. Founded in 1951 and headquartered in Kaohsiung City, Taiwan, the company operates manufacturing facilities in Taiwan, China, Malaysia, Vietnam, and the United States. Yung Chi specializes in architectural coatings including solvent-based acrylic paints, water-based cement paints, exterior wall paints, exterior clear coatings, and water-based epoxy paints. It also provides waterproof coatings such as water-based waterproof paints, polyurea elastomer coatings, and polyurethane waterproof paints. In addition, the company produces heavy-duty coatings including ready-mixed, polyurethane, vinyl ester, chlorinated rubber, epoxy, alkyd, and polysiloxane paints, along with anti-corrosive primers and zinc-rich primers. Its marine paints product line offers supermarine coatings, anti-fouling paints, marine primers, and rainbow paints. Furthermore, Yung Chi supplies fire-retardant coatings and spray-applied fire-resistive materials; specialty coatings such as galvanized steel emulsions, anti-mildew and heat-resisting paints, varnishes, putty, traffic paints, black/whiteboard paints, and magnetic paints; as well as can coatings, coil maintenance coatings, floor coatings like epoxy floor paints, paint pigments, synthetic resins, fire protection materials, cement products, and steel drums. The company also engages in coating and anti-corrosive construction services including lining coating, rust removal by water-jet, wet sandblasting, and electrolytic protection. Recent major developments include expansions and continuous production capacity upgrades with ISO 9001:2015 certified plants in Taiwan, China, and Vietnam; the acquisition of a new site in Kaohsiung, Taiwan; leadership changes with new President and General Manager appointments; and product innovation such as the development of FM-900, an oil-based expandable fire protection coating. Yung Chi also carries out strategic philanthropic activities and product contributions for disaster relief. The company maintains a strong position in both domestic and international markets by providing a broad and diverse product portfolio for industries including construction, marine, heavy industry, and specialty applications. Yung Chi Paint targets customers in architectural, industrial, marine, and specialty coatings segments across Taiwan and overseas markets, reinforcing its role as a global player in coatings manufacturing and services. Its product and operational diversity support its leadership in coil coating, heavy-duty coatings, and specialty fire-protection coatings globally. The company is publicly listed with a significant workforce exceeding 700 employees and annual production capacity around 89,000 tons. This comprehensive product range and recent operational expansions position Yung Chi Paint & Varnish Mfg. Co., Ltd. as a leading coatings manufacturer with diversified capabilities and geographic reach in Asia and beyond.