1. Taiwan, Province of China Stocks

  2. •

    Consumer Cyclical

  3. •

    Apparel - Manufacturers
Munsin Garment Corporation

Munsin Garment Corporation

2916.TWO
Munsin Garment CorporationTW flagTaipei Exchange
43.40
TWD
+0.05
- -
2.80BMarket Cap
Munsin Garment Corporation
2916.TWO
(Taipei Exchange)

Recent

price

43.40

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
29.37
30.89
26.24
23.32
23.51
24.02
22.88
22.65
22.85
23.86
24.04
23.66
27.52
33.65
32.46
- -
30.12
Revenue per Share
2.21
1.93
0.5
0.82
1.18
1.4
1.03
1.26
1.45
1.34
1.54
2.4
3.14
4.61
4.19
- -
3.94
Basic EPS, GAAP
3.92
0.36
0.17
2.63
1.06
0.64
0.2
1.01
0.94
0.8
2.53
1.25
3.19
0.51
-0.59
- -
2.12
Free Cash Flow per Basic Share
0.69
1.85
1.43
0.38
0.95
1.05
1.24
0.67
1.14
1.34
1.05
1.43
2.1
3
3.69
- -
- -
Dividend per Share
13.59
14.1
11.16
13.22
11.4
11.49
11.01
11.31
11.45
11.22
11.53
12.33
13.15
15.06
15.64
- -
14.27
Book Value per Share
15.37
18.66
15.27
15.69
15.78
15.67
15.25
15.75
15.99
15.89
16.23
17.2
18.27
20.73
26.68
- -
24.72
Tangible Book Value per Share
49
50
57
57
57
57
57
57
57
57
57
57
57
55
59
- -
65
Basic Weighted Avg Shares
1,430
1,547
1,503
1,336
1,346
1,376
1,310
1,297
1,309
1,366
1,376
1,355
1,576
1,838
1,920
1,958
1,958
Sales/Revenue/Turnover
8.3
7.67
1.17
2.37
3.89
3.76
4.08
5.6
7.28
4.64
6.97
9.11
13.32
15.23
14.45
14.21
14.21
Operating Margin (%)
39
51
65
37
38
49
48
38
28
40
39
32
41
53
58
55
55
Depreciation Expense
108
97
29
47
68
80
59
72
83
77
88
138
180
252
248
256
256
Net Income, GAAP
18.56
15.04
23.49
17.91
17.65
17.24
17.04
17.3
19.18
19.79
20.21
17.08
20.04
19.96
20.05
20
20
Effective Tax Rate (%)
7.53
6.24
1.91
3.51
5.02
5.83
4.48
5.57
6.37
5.6
6.41
10.16
11.41
13.71
12.92
13.07
13.07
Profit Margin (%)
536
708
715
736
729
618
633
639
627
607
655
683
721
652
1,070
1,006
1,006
Working Capital
16
6
32
22
12
2
38
28
18
8
37
17
1
- -
- -
- -
- -
LT Debt
748
934
875
899
904
897
873
902
916
910
939
992
1,055
1,138
1,609
1,632
1,632
Total Equity
9.53
9.31
1.2
2.46
4.12
3.97
4.18
5.84
7.41
4.72
7.17
9.43
14.4
17.5
13.89
11.99
11.99
Return on Invested Capital (%)
11.97
10.82
3.44
5.59
8.17
9.89
7.38
9.46
10.93
9.77
11.43
17.73
21.57
27.54
23.92
22.9
22.9
Return on Capital (%)
17.18
14.12
4.27
6.72
9.58
12.24
9.12
11.31
12.78
11.79
13.54
20.15
24.63
31.98
28.38
27.61
27.61
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
4
243
219
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
65
65
65
Market Capitalization
2,960
3,082
3,189

Working Capital

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
1,361
1,451
1,438
Cash, Cash Equivalents & STI
304
193
199
Accounts Receivable, Net
241
204
357
Inventories
795
1,002
863
Total Current Liabilities
449
542
433
Payables & Accruals
- -
- -
- -
ST Debt
4
243
219
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.74%
12.55%
1.47%
Free Cash Flow
-17.74%
-139.4%
-492.04%
Net Income, GAAP
14.71%
25.7%
3.16%
Sales/Revenue/Turnover
3.81%
7.57%
1.98%
Total Cash Common Dividend
19.79%
31.84%
6.48%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
468
442
340
589
1,838
2024
506
438
359
617
1,920
2025
535
450
359
614
1,958

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
1.16
1.13
0.35
- -
4.61
2024
1.38
0.72
0.42
- -
4.19
2025
1.21
0.93
0.29
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
3
2024
- -
- -
- -
- -
3.69
2025
- -
- -
- -
- -
- -
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Business
Munsin Garment Corporation manufactures, trades, and distributes a diversified range of ready-made garments, knitwear, and fabrics primarily in Taiwan. The company's core product offerings include golf, sports, fashion, and retro nostalgia apparel; casual wear; club bags; protective accessories; clothing; sneakers; feminine style clothing; urban sportswear; fashionable outfits; trousers; female office wear; and sporting products. It provides these products under multiple well-known brand names including Munsingwear, Le coq sportif, Le coq sportif GOLF, HAZZYS, LILLIAN CARAT, per se, NARACAMICIE, PEARLY GATES, POU DOU DOU, Eminento, COCODEAL, DANSKIN, and SCOTTISH HOUSE SCOTLAND. Besides manufacturing, Munsin Garment is also active in product distribution, import, and export businesses. Founded in 1966 and headquartered in New Taipei City, Taiwan, Munsin Garment Corporation operates mainly in the Taiwanese market through diverse sales channels such as department store counters, shopping malls, online e-commerce platforms, directly operated stores, branded franchise stores, and retail outlets. The company targets a broad customer base spanning consumer apparel segments, including golf and sports enthusiasts, fashion-conscious urban consumers, and female office workers. In the last 1-2 years, Munsin Garment has maintained its strategic focus on expanding its brand portfolio and enhancing product diversity across sportswear, fashion, and casual wear categories while strengthening distribution and retail channels. Recent earnings disclosures indicate continuous growth in revenue from garment and knitwear businesses, approaching NT$1.92 billion in 2024, reflecting steady demand within its core markets. The company has not disclosed major acquisitions or rebranding efforts recently but continues to leverage its portfolio of established international and domestic brands to sustain competitive positioning. Munsin Garment Corporation is listed on the Taipei Exchange under ticker symbol 2916.TWO and operates within the consumer discretionary sector focusing on textile and apparel manufacturing and wholesale distribution. It employs approximately 684 staff and continues to prioritize innovation and product quality in its offerings to both domestic and export customers. This description captures the company's product scope, strategic positioning, operational footprint, and recent financial context reflecting ongoing business stability and market presence in Taiwan's apparel industry.