1. Cayman Islands Stocks

  2. •

    Industrials

  3. •

    Manufacturing - Metal Fabrication
Tong Ming Enterprise Co., Ltd.

Tong Ming Enterprise Co., Ltd.

5538.TW
Tong Ming Enterprise Co., Ltd.TW flagTaiwan Stock Exchange
32.95
TWD
+0.25
- -
6.63BMarket Cap
Tong Ming Enterprise Co., Ltd.
5538.TW
(Taiwan Stock Exchange)

Recent

price

32.95

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
31.05
37.79
36.77
39.82
37.03
34.72
34.61
43.81
51.27
50.81
54.59
73.37
76.68
64.44
62.34
- -
63.31
Revenue per Share
2.93
0.59
1.05
1.51
2.96
1.38
2.69
3.94
3.09
2.69
2.94
8
4.53
0.67
2.86
- -
3.02
Basic EPS, GAAP
-5.84
0.65
0.82
2.57
3.17
2.76
4.2
-3.29
2.24
3.22
-0.83
-5.4
-3.24
4.07
1.64
- -
3.24
Free Cash Flow per Basic Share
- -
- -
- -
2.88
1.21
2.13
0.97
1.94
2.42
1.94
1.5
1.68
3.2
2
1
- -
- -
Dividend per Share
12.63
12.92
13.91
13.46
13.75
12.69
14.28
15.83
15.82
15.88
16.74
23.75
21.78
20.61
21.79
- -
24.14
Book Value per Share
16.25
18.55
19.04
21.09
21.51
20.34
20.4
22.02
22.32
22.22
24.64
36
34.25
31.96
35.19
- -
36.84
Tangible Book Value per Share
155
155
155
156
173
173
173
173
173
173
168
180
201
201
201
- -
201
Basic Weighted Avg Shares
4,801
5,848
5,691
6,224
6,417
6,019
5,999
7,593
8,887
8,807
9,171
13,236
15,428
12,966
12,543
12,733
12,733
Sales/Revenue/Turnover
12.72
2.98
3.32
5.25
10.3
5.34
10.05
12.12
8.2
7.28
7.57
14.86
7.65
1.28
5.22
5.52
5.52
Operating Margin (%)
78
95
117
134
135
135
117
101
136
147
166
175
194
236
336
333
333
Depreciation Expense
453
92
162
237
513
238
467
684
536
466
494
1,443
911
135
576
608
608
Net Income, GAAP
24.24
30.32
8.4
17.57
20.92
26.56
21.77
21.02
20.05
20.56
16.22
19.23
18.57
- -
16.73
17.17
17.17
Effective Tax Rate (%)
9.44
1.57
2.85
3.8
8
3.96
7.78
9
6.03
5.29
5.38
10.9
5.91
1.04
4.59
4.78
4.78
Profit Margin (%)
1,621
1,671
1,735
2,102
2,579
2,520
2,679
2,866
3,240
3,507
4,200
5,922
4,892
5,475
5,467
5,812
5,812
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
392
663
1,088
1,019
447
2,068
1,346
1,151
1,151
LT Debt
2,563
2,876
2,950
3,299
3,729
3,529
3,540
3,840
3,891
3,886
4,177
6,540
6,935
6,543
7,145
7,477
7,477
Total Equity
- -
2.99
4.19
5.96
10.82
5.01
10.28
13.74
9.06
7.67
8.01
17.09
8.54
- -
4.75
4.63
4.63
Return on Invested Capital (%)
- -
4.36
6.12
7.78
15.39
7.46
14.21
17.4
11.82
10.18
9.6
20.93
11.84
- -
7.98
7.23
7.23
Return on Capital (%)
- -
4.65
7.81
11.13
22.87
10.4
19.96
26.2
19.54
16.96
17.74
40.67
21.03
3.17
13.5
13.17
13.17
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
3,279
3,691
4,477
LT Borrowings
1,409
1,344
1,134
LT Finance Leases
4
16
17
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
201
201
201
Market Capitalization
6,144
5,812
6,154

Working Capital

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
9,660
10,205
11,315
Cash, Cash Equivalents & STI
2,662
2,814
3,305
Accounts Receivable, Net
1,929
1,989
2,310
Inventories
4,307
4,746
5,015
Total Current Liabilities
4,450
4,637
5,503
Payables & Accruals
- -
- -
- -
ST Debt
3,279
3,691
4,477
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.83%
14.16%
4.64%
Free Cash Flow
0.14%
75.37%
97.68%
Net Income, GAAP
51.54%
80.38%
5.64%
Sales/Revenue/Turnover
8.97%
8.63%
1.51%
Total Cash Common Dividend
12.09%
19.08%
50%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
3,424
3,633
3,043
2,866
12,966
2024
2,573
3,202
3,307
3,461
12,543
2025
3,078
3,134
3,192
3,328
12,733

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.1
0.36
0.81
- -
0.67
2024
0.58
1.05
0.8
- -
2.86
2025
0.7
0.71
0.86
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
2
2024
- -
- -
- -
- -
1
2025
- -
- -
- -
- -
- -
Similar Companies
Rajratan Global Wire Limited (RAJGLOWIR.BO)
Ningbo Heli Technology Co., Ltd. (603917.SS)
China International Marine Containers (Group) Co., Ltd. (2039.HK)
Xiangyang BOYA Precision Industrial Equipments Co., Ltd (300971.SZ)
Precomp Solutions AB (publ) (PCOM-B.ST)
Rolex Rings Limited (ROLEXRINGS.NS)
Business
Tong Ming Enterprise Co., Ltd. (5538.TW) manufactures and sells stainless steel fasteners and wires under the TONG brand primarily in China and internationally; its core products include screws, nuts, threaded rods, industrial rivets, washers, rings, hose clamps, self-drilling screws, wedge anchors, rivet nuts, rivets, and non-standard fasteners, as well as stainless steel wires used as customized raw materials for small screws, kitchen supplies, mesh belts, re-stretching wires, springs, E.P.Q products, netting, cables, nails, and cold heading products. The company serves key industries such as curtain walls, high-speed railways, communications, new energy, shipbuilding, animal husbandry, and engineering projects, with main production facilities in Zhejiang Province, China, covering 152,000 square meters and an annual capacity exceeding 100,000 tons; it operates 20 direct sales branches across China and exports through subsidiaries. Founded in 1995 through its primary operating subsidiary Zhejiang Tong Ming Stainless Steel Products Co., Ltd. and incorporated as a holding company in the Cayman Islands in 2009 with shares listed on the Taiwan Stock Exchange since 2013, the company is headquartered in Grand Cayman, Cayman Islands, and employs around 700 people with additional bases referenced in Malaysia, Thailand, and China. Subsidiaries include China Rich International Holding Limited for investments, Tong Win International Co., Ltd. for exports and marketing, and past acquisition Winlink Fastener Co., Ltd. (now integrated) in Taiwan since 2012. Recent developments include the completion and operational start of a new stainless steel wire production plant in Zhejiang Province in 2022, the fasteners production plant entering production in late 2023, and the launch of the "Tong Ming Plaza" e-commerce platform in June 2023 for customized non-standard fasteners to enhance trading efficiency; board and committee changes were announced in June 2025 amid ongoing investments in property, plant, and equipment as shown in Q1 2024 financials.