1. Taiwan Stocks

  2. •

    Process industries

  3. •

    Agricultural commodities/Milling
Morn Sun Feed Mill Corp.

Morn Sun Feed Mill Corp.

TTPEX:1240
53.70
TWD
-0.30
(-0.56%)
5.24EPS
10.31P/E
2.42BMarket Cap
Nov 12Next Earn
Morn Sun Feed Mill Corp.
TPEX:1240
(Taipei Exchange)

Recent

price

53.70

P/E

ratio

10.31

div

yld

- -

ROIC.AI

2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
TWD
- -
53.76
44.34
42.65
35.09
35.53
41.12
51.48
67.82
76.21
65.79
64.59
62.03
63.37
Revenue per Share
- -
0.28
1.5
4.92
3.45
2.39
3.08
3.52
2.97
0.13
3.67
4.06
4.86
5.31
Basic EPS, GAAP
- -
-1.44
4.38
2.48
1.93
1.23
-0.53
0.16
-0.18
-2.49
4.88
3.2
4.44
2.95
Free Cash Flow per Basic Share
- -
0.5
- -
- -
1.87
1.79
1.12
1.54
1.58
1.66
0.87
1.96
2.52
- -
Dividend per Share
10.06
11.44
13.03
18.55
22.83
26.4
22.89
25.49
28.68
27.82
30.61
32.7
33.97
33.91
Book Value per Share
10.06
11.44
12.97
18.51
22.81
26.4
22.89
25.48
28.67
27.81
30.6
32.69
33.96
33.9
Tangible Book Value per Share
40
28
28
30
40
42
44
44
44
44
44
44
44
45
Basic Weighted Avg Shares
- -
1,522
1,255
1,266
1,414
1,488
1,819
2,277
3,000
3,371
2,910
2,857
2,744
2,837
Sales/Revenue/Turnover
- -
1.43
2.35
3.54
5.13
4.54
6.11
2.62
0.62
0.03
2.74
3.63
3.05
3.57
Operating Margin (%)
- -
10
11
12
11
10
14
19
34
40
40
44
53
56
Depreciation Expense
- -
8
42
146
139
100
136
155
131
6
162
180
215
238
Net Income, GAAP
- -
28.71
33.91
5.08
11.85
10.83
18.12
21.88
22.38
- -
21.22
19.03
7.52
4.57
Effective Tax Rate (%)
- -
0.51
3.38
11.55
9.84
6.71
7.5
6.83
4.37
0.17
5.58
6.29
7.83
8.38
Profit Margin (%)
34
82
-176
133
284
533
383
401
500
467
513
600
575
584
Working Capital
- -
- -
- -
- -
- -
- -
83
31
38
12
11
49
29
28
LT Debt
254
306
365
747
920
1,168
1,026
1,261
1,380
1,318
1,415
1,494
1,564
1,562
Total Equity
- -
2.52
2.45
3.95
4.85
4.21
5.79
3.29
0.99
- -
3.44
4.48
3.65
4.99
Return on Invested Capital (%)
- -
1.83
6.34
14.3
10.9
7.42
9.85
11.14
9.26
- -
10.65
10.9
12.19
14
Return on Capital (%)
- -
1.8
8.63
23.01
16.69
9.57
12.51
14.53
10.95
0.45
12.56
12.83
14.58
16.41
Return on Common Equity (%)

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
309
315
266
LT Borrowings
11
10
9
LT Finance Leases
18
17
19
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
44
44
44
Market Capitalization
2,515
2,490
2,422

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,183
1,221
1,286
Cash, Cash Equivalents & STI
432
450
418
Accounts Receivable, Net
320
339
375
Inventories
239
229
267
Total Current Liabilities
608
611
702
Payables & Accruals
- -
- -
- -
ST Debt
309
315
266
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
18.78%
4.51%
4.67%
Free Cash Flow
45.09%
159.13%
38.75%
Net Income, GAAP
298.38%
544.4%
19.68%
Sales/Revenue/Turnover
8.99%
4.93%
-3.96%
Total Cash Common Dividend
- -
22.75%
28.86%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
715
717
701
724
2,857
2025
684
663
698
699
2,744
2026
690
751
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.88
0.92
1.08
1.13
4.06
2025
1.08
1.26
1.51
0.97
4.86
2026
0.89
1.96
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.96
2025
- -
- -
- -
- -
2.52
2026
- -
- -
- -
- -
- -
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Business
Morn Sun Feed Mill Corp. engages in the manufacture, processing, and sale of poultry and livestock feed, operating primarily in Taiwan. The company offers a comprehensive range of feed products including layer feed for ducks and chickens; breeder feed for pigs and geese; local poultry feed; livestock feed for piglets, sows, and hogs; and eggs. Additionally, it supplies raw materials such as corn, soybeans, and wheat, and provides warehousing logistics and feed processing services. Founded in 1958 and headquartered in Taipei, Taiwan, Morn Sun has evolved from a feed producer to a top provider in eggs, poultry, and livestock with a strong focus on food safety and quality. Recent major developments include continued efforts to strengthen its position in the domestic poultry and livestock feed markets, although no specific recent acquisitions or partnerships were publicly noted in the last 1-2 years. The company maintains strategic emphasis on food safety and product innovation, underpinning its business philosophy of safeguarding food safety for consumers. Its operations support various segments in the agricultural products and animal feed industry targeting farmers, livestock producers, and poultry businesses across Taiwan. Morn Sun Feed Mill Corp. operates with a clear commitment to quality feed products and responsible supply chain management. This profile reflects a company that is firmly embedded in the Taiwan agricultural feed sector with a stable product portfolio and a legacy dating back over six decades, driving steady presence and growth in the feed manufacturing and trading industry. Its product range, strategic focus, and operational footprint position it as a key player in Taiwan’s livestock and poultry feed markets.