1. Taiwan, Province of China Stocks

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    Basic Materials

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    Paper, Lumber & Forest Products
Keding Enterprises Co., Ltd.

Keding Enterprises Co., Ltd.

6655.TW
Keding Enterprises Co., Ltd.TW flagTaiwan Stock Exchange
118.00
TWD
-2.50
- -
9.27BMarket Cap
Keding Enterprises Co., Ltd.
6655.TW
(Taiwan Stock Exchange)

Recent

price

118.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
28.36
29.58
28.71
31.64
41.54
37.14
28.94
32.55
34.73
33.6
31.92
- -
33.17
Revenue per Share
2.08
3.51
2.72
2.92
3.5
2.25
4.09
7.68
5.56
3.35
4.93
- -
3.92
Basic EPS, GAAP
-9.69
4.32
-21.1
-15.57
-12.11
6.48
9.75
6.48
-8.51
1.82
-2.16
- -
1.56
Free Cash Flow per Basic Share
- -
1.06
0.48
2.32
1.58
1.92
1.98
16
4
5.92
11.93
- -
1.2
Dividend per Share
13.1
16.22
17.09
19.68
22.37
22.37
23.97
25.47
26.49
24.22
18.99
- -
17.06
Book Value per Share
19.2
22.6
23.42
26.43
33.45
35.13
32.52
25.33
28.17
33.57
31.41
- -
32.22
Tangible Book Value per Share
44
51
56
59
61
69
72
70
70
71
78
- -
78
Basic Weighted Avg Shares
1,241
1,512
1,617
1,865
2,546
2,576
2,088
2,277
2,433
2,375
2,503
2,600
2,600
Sales/Revenue/Turnover
8.38
16.58
15.85
15.23
14.24
12.19
17.94
25.01
19.49
14.02
19
15.9
15.9
Operating Margin (%)
29
29
41
51
74
160
142
127
124
122
110
128
128
Depreciation Expense
91
180
153
172
215
156
295
537
390
237
386
308
308
Net Income, GAAP
19.95
23.86
29.66
30.19
30.11
26.95
11.76
15.85
21.74
19.73
18.39
19.41
19.41
Effective Tax Rate (%)
7.35
11.87
9.46
9.22
8.43
6.05
14.12
23.58
16.02
9.98
15.43
11.83
11.83
Profit Margin (%)
456
721
664
649
1,115
1,106
1,354
450
108
-191
102
-343
-343
Working Capital
253
252
1,408
2,041
2,455
2,297
2,240
2,296
2,767
2,526
4,070
3,939
3,939
LT Debt
849
1,162
1,331
1,572
2,064
2,449
2,358
1,780
1,980
2,380
2,476
2,540
2,540
Total Equity
- -
12.28
7.94
5.74
5.57
4.46
6.6
9.97
6.98
4.4
5.58
4.29
4.29
Return on Invested Capital (%)
- -
15.54
8.78
6.51
6.31
4.64
7.92
12.86
8.37
5.17
7.43
5.84
5.84
Return on Capital (%)
- -
25.6
17.08
16.2
16.97
10.67
17.98
30.59
21.42
13.29
24.14
21.77
21.77
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
ST Debt
1,438
1,470
1,428
LT Borrowings
3,661
3,895
3,925
LT Finance Leases
16
15
14
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
79
79
79
Market Capitalization
9,699
9,013
9,444

Working Capital

FRC

•

in mil. unless spec.
Jun'25
Sep'25
Dec'25
Total Current Assets
1,775
1,738
1,636
Cash, Cash Equivalents & STI
125
110
141
Accounts Receivable, Net
224
243
263
Inventories
1,271
1,217
1,083
Total Current Liabilities
2,313
2,012
1,979
Payables & Accruals
- -
- -
- -
ST Debt
1,438
1,470
1,428
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.24%
2.71%
2.59%
Free Cash Flow
-157.62%
-158.52%
-172.19%
Net Income, GAAP
14.23%
11.62%
-20.39%
Sales/Revenue/Turnover
6.38%
4.55%
3.86%
Total Cash Common Dividend
108.87%
143%
-64.74%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
488
592
603
691
2,375
2024
537
632
679
656
2,503
2025
544
647
680
729
2,600

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
0.59
0.61
1.27
- -
3.35
2024
0.98
1.45
1.4
- -
4.93
2025
0.81
0.89
0.79
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
5.92
2024
- -
- -
- -
- -
11.93
2025
- -
- -
- -
- -
- -
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Business
Keding Enterprises Co., Ltd. (6655.TW) manufactures, sells, and trades prefinished veneered panels, eco panels, wooden flooring, and other wooden products for interior surface solutions in the building materials industry. The company offers core products including KD Panels (prefinished wood veneered panels), KD ECO+ Laminates (bendable, non-toxic high-pressure decorative laminates with realistic wood grain, antibacterial properties, and scratch resistance), KD ECO+ Panels, KD Flooring (such as wide plank, hand-scraped, and 3D-textured variants), KD Edge Banding, KD Backer Panels (licensed by Dai Nippon Printing Co., Ltd. of Japan), paper-backed wood veneer, and decorative surfaces; it also engages in reinvestment and international trading activities. Founded in 2002 and headquartered in New Taipei City, Taiwan, with production facilities in Chiayi County, Keding operates a vertically integrated model from raw material procurement to global sales, serving residential, commercial, and hospitality sectors with low-formaldehyde, green building-certified materials bearing FSC, ISO 9001, ISO 14001, ISO 45001, and Japan F**** standards. Keding maintains branches and showrooms in mainland China, Hong Kong, Singapore, Malaysia, the Philippines, Indonesia, India, the United States, Thailand, and other regions to support international expansion. In recent developments, the company listed on the Taiwan Stock Exchange in November 2018, launched ECO+ Panels in 2021 and ECO+ Laminates in 2023 (including a patent for eco-friendly wood flooring), opened Chiayi Production HQ Factory II in 2018, established Indonesia and India branches in 2022, introduced new products such as SPC flooring, simulated panels (擬真板), and strong adhesive (強力膠) in 2025, and initiated a Global Partnership Program in 2024 to franchise KD ECO+ Laminates worldwide with full resource support for partners. These initiatives reflect Keding's focus on innovation in sustainable, flexible interior materials amid rising demand for curved interiors, driving 297% sales growth for ECO+ Laminates in 2025.