Tehmag Foods Corp.

Tehmag Foods Corp.

TTPEX:1264
247.00
TWD
+0.50
(+0.20%)
24.47EPS
12.71P/E
9.99BMarket Cap
Nov 18Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
65.23
102.77
107.33
102.35
99.15
106.78
109.97
118.08
133.55
144.15
157.57
183.7
182.97
188.94
Basic EPS, GAAP
9.03
9.43
11.01
12.02
12.19
12.06
12.75
14.55
16.19
17.09
18.24
20.55
20.47
21.2
Free Cash Flow per Basic Share
5.51
4.54
8.57
14.48
10.76
15.24
13.7
15.85
15.35
12.96
17.37
5.61
21
16.01
Dividend per Share
2.02
5.26
8.45
9.09
8.26
9.55
10
10
10.91
12
12
14
14.5
- -
Book Value per Share
36.68
41.13
53.4
55.29
58.99
61.49
63.71
68.21
73.06
79.19
85.04
93.19
99.07
95.85
Tangible Book Value per Share
36.57
41.01
53.28
55.12
58.8
61.32
63.57
68.05
72.92
79.08
84.93
93.03
98.91
95.7
Basic Weighted Avg Shares
31
34
36
37
37
37
37
37
37
37
37
37
37
37
Sales/Revenue/Turnover
2,031
3,483
3,889
3,794
3,675
3,958
4,076
4,375
4,948
5,341
5,838
6,806
6,779
7,001
Operating Margin (%)
17.98
13.33
14.14
17.11
18.16
17.51
18.03
18.44
19.09
18.1
17.1
16.74
17.04
16.96
Depreciation Expense
13
27
31
34
42
48
73
76
80
85
89
87
90
92
Net Income, GAAP
281
320
399
446
452
447
473
539
600
633
676
761
758
785
Effective Tax Rate (%)
23.13
23.66
19.26
20.53
22.17
24.48
22.85
22.9
24.02
22.78
23.61
23.47
24.11
23.65
Profit Margin (%)
13.84
9.18
10.26
11.74
12.29
11.3
11.59
12.32
12.12
11.86
11.57
11.19
11.19
11.22
Working Capital
906
1,045
1,534
1,630
1,749
1,888
1,940
1,610
1,698
1,946
2,186
2,009
2,016
1,706
LT Debt
9
23
19
17
13
- -
32
30
30
39
41
46
42
41
Total Equity
1,265
1,670
2,283
2,397
2,578
2,743
2,897
3,161
3,373
3,641
3,866
4,259
4,504
4,401
Return on Invested Capital (%)
- -
21.69
19.8
20.55
20.12
18.87
18.85
18.69
19.84
19.14
18.25
18.88
16.85
18.94
Return on Capital (%)
- -
17.98
16.94
15.58
15.56
13.56
13.14
13.87
13.65
14.29
14.43
14.27
12.85
14.61
Return on Common Equity (%)
- -
24.25
23.66
22.12
21.33
20.02
20.37
22.05
22.92
22.45
22.21
23.06
21.29
23.32

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
608
528
502
LT Borrowings
- -
- -
- -
LT Finance Leases
42
39
41
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
37
37
37
Market Capitalization
10,449
10,319
9,986

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,352
3,387
3,397
Cash, Cash Equivalents & STI
1,075
1,237
1,066
Accounts Receivable, Net
1,068
958
929
Inventories
931
841
1,065
Total Current Liabilities
1,336
1,820
1,691
Payables & Accruals
- -
- -
- -
ST Debt
608
528
502
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.04%
7.35%
5.75%
Free Cash Flow
31.6%
44.34%
274.07%
Net Income, GAAP
6.76%
7.17%
-0.38%
Sales/Revenue/Turnover
5.9%
9.3%
-0.4%
Total Cash Common Dividend
- -
- -
3.57%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,558
1,583
1,783
1,882
6,806
2025
1,663
1,629
1,715
1,773
6,779
2026
1,758
1,755
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5.08
4.94
5.65
4.88
20.55
2025
5.2
5.08
5.66
4.53
20.47
2026
5.5
5.51
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
14
2025
- -
- -
- -
- -
14.5
2026
- -
- -
- -
- -
- -

Company Description

CEO
Wen Chin Wu
Full Time Employees
220
Sector
Distribution services
Industry
Food distributors
Address
No. 31, Wuquan 5th Road New Taipei TP Taiwan 24888
IPO Date
Apr 9, 2015
Business
Tehmag Foods Corporation (1264.TWO) engages primarily in the manufacture and distribution of bakery ingredients and related products within Taiwan's baking industry; its core offerings encompass bread products such as margarine flour sheets, flours, flour milling products, instant yeasts, bread improvers, luctor/custido/carlex sprays, bread mixes, flavor powders, bread fillings, bread decorations, and sugars; dairy products including milk products, beurre, Fléchard SAS creams, other creams, cheese, and non-dairy whipping creams; pastry products comprising ingredients for cakes and mousses, waffle mixes, cocoa powders, jelly powders, nappage series/coatings, and decor/gold powder ingredients; fruit products consisting of frozen purees, Ambiet fruit purees, IQF fruits, frozen coulis, fruit fillings, decorative fruits, fruit preserves, and flavor series; as well as liqueur, coffee beans, syrups, juices, tea, chocolate products, cupcakes, tart shells, cones, savory lines, macarons, croissants, frozen foods, packaging products, molds, openers, blades, and festival/western bakery items. Founded in 1989 and headquartered at No. 31, Wuquan 5th Road, Wugu District, New Taipei City, Taiwan, the company primarily serves domestic bakeries, patisseries, and food manufacturers while maintaining subsidiaries in Hong Kong (established 2003 as Tehmag Foods (HK) Company Limited), Malaysia (Tehmag Foods Corporation Sdn. Bhd., 2005), Thailand (Tehmag Foods (Thailand) Co., Ltd., joint venture 2013), and a 50% stake in Zeelandia Bakery Ingredients (Wuxi) Co., Ltd. (acquired 2014), supporting regional operations across Asia. Recent developments include participation in the 2025 Taipei International Bakery and Equipment Exhibition to showcase premium raw materials and innovations, alongside product promotions such as Hokkaido Dream Power B flour for trendy chewy donuts and pistachio butter rice cakes, with a voluntary recall announced in November 2025 for BWJ001 Japanese four-leaf pancake premix powder due to quality control measures; the company continues to expand its R&D capabilities, including monthly baking newsletters and nationwide demonstrations, while leveraging its 2014 Taipei Exchange listing to bolster operational scale.