1. Taiwan, Province of China Stocks

  2. •

    Consumer Defensive

  3. •

    Household & Personal Products
Nan Liu Enterprise Co., Ltd.

Nan Liu Enterprise Co., Ltd.

6504.TW
Nan Liu Enterprise Co., Ltd.TW flagTaiwan Stock Exchange
36.25
TWD
+0.25
- -
2.63BMarket Cap
Nan Liu Enterprise Co., Ltd.
6504.TW
(Taiwan Stock Exchange)

Recent

price

36.25

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
47.64
58.66
59.95
65.36
73.61
81.57
83.89
88.62
93.48
90.18
129.08
93.45
82.46
85.11
92.5
- -
91.23
Revenue per Share
0.09
2.32
3.2
5.39
5.79
8.01
8.02
7.46
8.16
7.25
20.02
1.62
0.8
1.65
1.39
- -
-1.1
Basic EPS, GAAP
0.5
1.64
-1.96
3.12
2.47
3.72
8.07
-4.09
-7.1
-0.08
7.92
3.53
-2.58
2.72
6.55
- -
9.45
Free Cash Flow per Basic Share
0.39
0.13
0.29
1.38
2.2
2.8
3.9
4.8
4.5
5
4.5
12
1.2
1
1.1
- -
- -
Dividend per Share
12.19
12.79
15.78
21.34
21.35
25.89
29.2
29.47
31.85
32.21
45.43
33.05
32.62
33.66
33.25
- -
32.63
Book Value per Share
11.18
15.23
19.72
28.56
32.3
36.69
37.46
39.55
42.21
42.77
58.79
48.06
48.21
48.21
50.15
- -
47.5
Tangible Book Value per Share
60
60
62
70
73
73
73
73
73
73
73
73
73
73
73
- -
73
Basic Weighted Avg Shares
2,858
3,520
3,701
4,568
5,344
5,922
6,090
6,434
6,786
6,547
9,371
6,784
5,986
6,179
6,716
6,615
6,615
Sales/Revenue/Turnover
3.55
4.54
9.21
11.09
11.2
12.68
11.39
11.39
11.9
11.08
22.5
3.42
0.8
2.95
2.59
3.01
3.01
Operating Margin (%)
180
193
195
218
269
268
298
303
299
277
437
523
542
543
562
533
533
Depreciation Expense
5
139
198
377
420
581
582
541
593
526
1,454
117
58
120
101
-79
-79
Net Income, GAAP
21.18
17.94
27.44
21.87
29.5
25.23
25.13
24.84
32.2
33.48
27.04
53.14
69.43
41.03
59.55
371.86
371.86
Effective Tax Rate (%)
0.18
3.96
5.34
8.25
7.86
9.82
9.56
8.41
8.73
8.03
15.51
1.73
0.96
1.94
1.5
-1.2
-1.2
Profit Margin (%)
214
332
736
492
863
1,201
1,314
1,266
1,277
805
1,027
473
-45
65
606
1,163
1,163
Working Capital
723
713
1,121
467
662
722
672
1,266
2,211
2,998
2,691
3,166
2,553
2,394
2,361
2,547
2,547
LT Debt
738
914
1,217
1,997
2,345
2,663
2,722
2,873
3,066
3,106
4,268
3,489
3,502
3,502
3,642
3,445
3,445
Total Equity
3.59
5.4
8.92
11.87
10.99
13.09
11.35
10.57
8.43
6.27
17.04
1.12
0.15
1.12
0.74
-5.86
-5.86
Return on Invested Capital (%)
1.69
7.39
8.86
13.74
13.95
17.48
15.48
12.32
10.7
7.96
18.48
1.55
0.88
2.04
1.69
-4.37
-4.37
Return on Capital (%)
0.76
18.61
22.7
30.56
27.63
33.91
29.12
25.42
26.63
22.62
51.58
4.12
2.42
4.98
4.16
-3.32
-3.32
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
3,537
3,465
3,085
LT Borrowings
1,745
1,994
2,273
LT Finance Leases
277
276
274
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
73
73
73
Market Capitalization
4,469
3,219
3,005

Working Capital

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
4,362
4,843
4,909
Cash, Cash Equivalents & STI
1,734
1,930
2,041
Accounts Receivable, Net
1,271
1,472
1,393
Inventories
807
861
856
Total Current Liabilities
4,221
4,231
3,746
Payables & Accruals
- -
- -
- -
ST Debt
3,537
3,465
3,085
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
3.39%
-3.86%
-5.42%
Free Cash Flow
-1,071.7%
-49.87%
44.06%
Net Income, GAAP
-6.18%
-45.9%
-178.66%
Sales/Revenue/Turnover
2.46%
-5.79%
-1.5%
Total Cash Common Dividend
11.81%
12.18%
-9.09%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
1,433
1,636
1,471
1,639
6,179
2024
1,429
1,708
1,687
1,892
6,716
2025
1,670
1,624
1,612
1,709
6,615

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.14
1.13
0.43
- -
1.65
2024
0.98
-0.09
-0.63
- -
1.39
2025
0.59
-3.23
0.49
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
1
2024
- -
- -
- -
- -
1.1
2025
- -
- -
- -
- -
- -
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Business
Nan Liu Enterprise Co., Ltd. Nan Liu Enterprise Co., Ltd. engages primarily in the research, development, production, and sale of nonwoven fabrics and biotechnology materials, with operations spanning household hygiene, medical, industrial cleaning, and personal care sectors. Founded in 1978 and headquartered in Yanchao District, Kaohsiung City, Taiwan, the company manufactures core products including spunlace nonwoven fabrics, air-through and thermal bond nonwoven fabrics, woodpulp-polyester composite fabrics, cotton nonwoven fabrics, disposable surgical gown fabrics, hygiene consumables such as baby wet wipes and household wipes, facial masks, makeup removers, emulsions, lotions, and skin care products; it serves manufacturing, technology, finance, healthcare, and consumer markets through facilities in Taiwan, a spunlace plant in Pinghu, China, and an expanding site in Ahmedabad, India. Nan Liu Enterprise distributes domestically and exports over half its output to Japan, the United States, Southeast Asia, India, the Middle East, Africa, and other international regions, maintaining certifications including ISO 9001, ISO 14001, ISO 13485, ISO 22716, ISO 45001, FSC, PEFC, GOTS, and SEDEX. Recent developments include relocating Qiaotou factory equipment to the Yanchao facility with new nonwoven production lines entering operation in 2024 to boost capacity; steady revenue growth at the Indian plant, which achieved full production utilization, obtained cosmetics manufacturing licenses, ISO 13485:2016 and ISO 22716:2007 certifications, and launched wet wipes and facial mask lines amid expanding local market share and exports; additions of thru-air production capacity in Pinghu; and consolidated 2024 net sales of NT$6.72 billion, up 8.68% year-over-year, with focus on R&D for high-value biotech items, supply chain optimization, automation via ERP enhancements, and green energy initiatives to counter industry competition and rising input costs.