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    Food distributors
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
Tehmag Foods Corp.
TPEX:1264
(Taipei Exchange)

Recent

price

247.00

P/E

ratio

12.71

div

yld

- -

ROIC.AI

2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
TWD
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
Revenue per Share
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
Basic EPS, GAAP
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
Free Cash Flow per Basic Share
2.02
5.26
8.45
9.09
8.26
9.55
10
10
10.91
12
12
14
14.5
- -
Dividend 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
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
Tangible Book Value per Share
31
34
36
37
37
37
37
37
37
37
37
37
37
37
Basic Weighted Avg Shares
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
Sales/Revenue/Turnover
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
Operating Margin (%)
13
27
31
34
42
48
73
76
80
85
89
87
90
92
Depreciation Expense
281
320
399
446
452
447
473
539
600
633
676
761
758
785
Net Income, GAAP
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
Effective Tax Rate (%)
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
Profit Margin (%)
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
Working Capital
9
23
19
17
13
- -
32
30
30
39
41
46
42
41
LT Debt
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
Total Equity
- -
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 Invested 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 Capital (%)
- -
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
Return on Common Equity (%)

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
- -
- -
- -
- -
- -
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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.