1. Taiwan, Province of China Stocks

  2. •

    Consumer Defensive

  3. •

    Food Distribution
Tait Marketing & Distribution Co., Ltd.

Tait Marketing & Distribution Co., Ltd.

5902.TWO
Tait Marketing & Distribution Co., Ltd.TW flagTaipei Exchange
33.55
TWD
- -
- -
3.17BMarket Cap
Tait Marketing & Distribution Co., Ltd.
5902.TWO
(Taipei Exchange)

Recent

price

33.55

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
8.24
9.45
13.91
20.02
21.29
21.08
21.3
19.3
17.27
18.61
15.69
19.09
23.21
22.33
23.5
- -
24.26
Revenue per Share
-1.24
-0.72
0.01
0.21
0.14
0.26
0.37
0.28
0.34
0.58
1.37
1.57
1.95
1.84
2.11
- -
2.12
Basic EPS, GAAP
-0.63
-1.32
-0.94
0.9
-0.41
0.58
0.09
0.38
0.87
1.85
1.62
0.96
2.5
2.32
3.1
- -
2.75
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1.2
1.5
1.5
- -
- -
Dividend per Share
6.85
6.26
6.27
6.49
6.63
6.88
7.24
7.53
8.06
8.65
10.02
11.58
11.97
12.11
12.54
- -
11.9
Book Value per Share
5.17
4.67
4.64
4.89
5.02
5.28
5.67
5.94
6.26
6.85
8.22
9.78
10.51
10.86
11.46
- -
11.02
Tangible Book Value per Share
94
94
94
94
94
94
94
94
94
94
94
94
94
94
94
- -
94
Basic Weighted Avg Shares
778
893
1,315
1,892
2,012
1,992
2,013
1,824
1,632
1,759
1,483
1,804
2,193
2,110
2,220
2,285
2,289
Sales/Revenue/Turnover
-28.77
-6.69
1.27
1.02
0.37
0.84
1.74
2.05
2.33
3.79
10.22
10.13
10.31
9.85
10.91
11.1
10.44
Operating Margin (%)
3
4
4
4
5
4
9
10
12
18
21
21
21
22
23
23
23
Depreciation Expense
-117
-68
1
20
13
24
35
27
32
55
130
148
184
174
200
212
200
Net Income, GAAP
- -
- -
- -
0.77
17.16
0.65
- -
6.44
24.14
14.25
14.09
20.06
20.19
20.44
20.24
20.24
20.32
Effective Tax Rate (%)
-15.02
-7.61
0.06
1.07
0.66
1.21
1.74
1.46
1.97
3.14
8.75
8.22
8.38
8.23
9
9.26
8.73
Profit Margin (%)
23
-82
-133
-151
-125
-99
-65
-35
132
195
359
503
578
623
684
754
648
Working Capital
124
95
43
- -
- -
- -
- -
- -
- -
24
20
29
20
13
9
4
6
LT Debt
639
592
589
613
626
651
687
712
742
797
927
1,075
1,146
1,178
1,236
1,292
1,193
Total Equity
- -
- -
1.69
2.03
0.68
1.79
- -
3.68
3.4
7.11
14.59
13.84
15.3
13.7
15.46
15.5
15.64
Return on Invested Capital (%)
- -
- -
0.66
2.56
1.79
3.02
- -
3.09
3.79
6.78
14.27
14.13
16.06
14.98
16.92
17.42
17.74
Return on Capital (%)
-16.56
-10.96
0.14
3.35
2.15
3.78
5.25
3.82
4.37
7
14.72
14.52
16.52
15.27
17.15
17.59
17.99
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
9
8
7
LT Borrowings
- -
- -
- -
LT Finance Leases
9
8
6
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
94
94
94
Market Capitalization
3,782
3,999
4,194

Working Capital

FRC

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
1,122
1,152
1,228
Cash, Cash Equivalents & STI
536
515
566
Accounts Receivable, Net
187
255
262
Inventories
177
155
182
Total Current Liabilities
438
414
580
Payables & Accruals
- -
- -
- -
ST Debt
9
8
7
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.2%
6.97%
4.53%
Free Cash Flow
60.4%
23.69%
-27.36%
Net Income, GAAP
30.22%
10.73%
5.91%
Sales/Revenue/Turnover
2.08%
9.51%
2.91%
Total Cash Common Dividend
- -
- -
10%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
559
582
539
430
2,110
2024
496
650
567
507
2,220
2025
589
626
504
- -
2,285

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.53
0.48
0.47
- -
1.84
2024
0.54
0.66
0.58
- -
2.11
2025
0.54
0.66
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
1.5
2024
- -
- -
- -
- -
1.5
2025
- -
- -
- -
- -
- -
Similar Companies
Life On Earth, Inc. (LFER)
Sligro Food Group N.V. (SLIGR.AS)
Energroup Holdings Corp. (ENHD)
Eurocash S.A. (EUSHF)
Whole Foods Market, Inc. (WFM)
Oomitsu Co., Ltd. (3160.T)
Business
Tait Marketing & Distribution Co., Ltd. (5902.TWO) imports, distributes and markets fast-moving consumer goods, with a focus on beverages, desserts, ice cream, snack foods, liquors and water in Taiwan. The company offers an extensive portfolio of private-label and agency brands, including KAISI Oolong Tea, TAIT TEA chilled oolong tea, UNI DESSERT chilled desserts, NIJIYA, MORINAGA ice cream products, KABAYA snacks, KAISI SELECTION, Master Café coffees, OATLY oat drinks, Starbucks bottled coffees, Singha beer, BECK's beer and various imported liquors, desserts such as yogurt sweet soups, ice creams, snack foods like hot cake mix, butter cookies, mini pretzels, chocolate balls, salted egg fish skin and instant noodles, as well as sparkling sodas, mineral water, almond milk, coconut water and milk teas. Tait operates primarily through convenience stores, supermarkets, hotels and restaurants, with product development, brand management, warehousing, logistics and export capabilities targeting Taiwan consumers and select overseas markets. Founded in 1845 by British businessman James Tait and headquartered at 14F, No. 27, Sec. 1, Anhe Rd., Da’an Dist., Taipei City, Taiwan, the company maintains offices in Tainan and functions as a subsidiary of Uni-President Enterprises Corp. within the Uni-President Group. Recent developments include consistent cash dividend distributions of NT$1.50 per share for 2023 paid in July 2024 and a proposed NT$1.65 per share for 2024 alongside recognition as an outstanding electronic invoice user by Taiwan's Ministry of Finance in July 2024, with sustained agency expansions such as Starbucks, OATLY, MORINAGA and Singha underpinning stable growth in imported premium brands.