1. Taiwan Stocks

  2. •

    Consumer non-durables

  3. •

    Food: specialty/candy
Taiwan Fructose Co., Ltd.

Taiwan Fructose Co., Ltd.

TTPEX:4207
19.30
TWD
+0.05
(+0.26%)
2.42EPS
10.25P/E
3.84BMarket Cap
Taiwan Fructose Co., Ltd.
TPEX:4207
(Taipei Exchange)

Recent

price

19.30

P/E

ratio

10.25

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
TWD
13.27
16.55
19.75
17.83
15.52
15.18
16.57
15.86
17.81
19.4
19.24
22.09
25.41
26.93
28.38
26.01
26.91
Revenue per Share
0.36
0.2
1.09
1.06
0.27
0.04
0.8
0.95
0.59
0.31
0.75
1.84
0.7
1.18
1.09
1.76
1.89
Basic EPS, GAAP
-3.4
-2.05
1.45
1.45
-0.32
0.57
0.7
1.72
-1.48
0.29
1.86
0.4
-0.91
1.69
0.42
2.33
1.02
Free Cash Flow per Basic Share
- -
- -
- -
0.71
0.42
0.15
- -
- -
0.61
0.24
0.3
0.53
0.33
0.31
0.38
1
- -
Dividend per Share
7.76
7.99
9.2
9.09
8.87
8.14
8.61
9.47
9.52
9.73
10.02
10.62
11.36
12.19
13.67
14.83
14.56
Book Value per Share
7.72
7.99
9.2
9.07
8.85
8.11
8.58
9.44
9.49
9.7
10.01
10.61
11.35
12.18
13.66
14.82
14.55
Tangible Book Value per Share
175
189
187
208
220
219
212
212
212
212
203
199
199
198
199
199
198
Basic Weighted Avg Shares
2,320
3,134
3,687
3,717
3,417
3,323
3,510
3,360
3,772
4,109
3,897
4,386
5,044
5,339
5,635
5,164
5,329
Sales/Revenue/Turnover
3.06
4.86
7.99
7.72
4.47
3.32
7.61
11.84
4.5
3.35
7.69
6.9
6.42
7.98
7.68
12.81
12.86
Operating Margin (%)
75
97
107
113
124
125
126
132
149
186
186
186
174
181
192
201
204
Depreciation Expense
63
37
203
220
60
9
169
200
124
67
152
364
139
234
216
349
374
Net Income, GAAP
23.62
21.71
16.88
12.71
31.5
40.82
26.63
21.86
24.28
7.25
29.92
20.01
31.86
25.38
25.43
25.57
26.63
Effective Tax Rate (%)
2.7
1.18
5.52
5.93
1.77
0.28
4.83
5.96
3.29
1.62
3.89
8.31
2.75
4.38
3.83
6.76
7.02
Profit Margin (%)
505
928
742
671
857
679
764
954
828
839
845
1,476
1,443
1,643
1,752
2,089
1,971
Working Capital
241
827
489
324
508
560
719
768
817
752
783
998
1,050
1,013
872
953
957
LT Debt
1,774
1,891
2,205
2,478
2,545
2,291
2,389
2,639
2,615
2,747
2,715
2,920
3,164
3,394
3,795
4,167
4,070
Total Equity
2.05
3.23
6.89
6.76
2.72
1.67
4.98
7.78
3.05
3.67
4.78
5.16
4.44
6.22
6.16
8.79
9
Return on Invested Capital (%)
2.85
0.98
5.03
4.85
1.55
0.27
4.42
4.04
2.8
1.1
2.3
4.09
2.28
4.01
3.27
4.69
5.42
Return on Capital (%)
4.41
2.49
12.47
11.89
3.08
0.51
9.56
10.46
6.16
3.27
7.48
17.78
6.36
10.01
8.41
12.35
13.76
Return on Common Equity (%)

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
446
750
744
LT Borrowings
951
941
957
LT Finance Leases
1
1
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
199
199
199
Market Capitalization
3,663
3,871
3,842

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,962
3,372
3,257
Cash, Cash Equivalents & STI
817
1,095
932
Accounts Receivable, Net
1,210
1,340
1,332
Inventories
707
698
730
Total Current Liabilities
873
1,490
1,286
Payables & Accruals
- -
- -
- -
ST Debt
446
750
744
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
6.25%
8.96%
9.81%
Free Cash Flow
4.99%
-62.51%
457.26%
Net Income, GAAP
195.22%
40.22%
61.84%
Sales/Revenue/Turnover
4.8%
6.12%
-8.35%
Total Cash Common Dividend
- -
43.45%
165%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,418
1,498
1,379
1,340
5,635
2025
1,357
1,312
1,223
1,272
5,164
2026
1,396
1,438
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.25
0.36
0.15
0.32
1.09
2025
0.28
0.54
0.49
0.45
1.76
2026
0.49
0.46
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.38
2025
- -
- -
- -
- -
1
2026
- -
- -
- -
- -
- -
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Business
Taiwan Fructose Co., Ltd. manufactures and processes sweeteners including fructose syrups, maltose syrups, glucose syrups and starch derivatives for the food and beverage industry. The company produces fructose products for soft drinks, juices, tea beverages, sports drinks, energy drinks, flavored milk, yogurt drinks, ice creams, popsicles, jellies, puddings, breads, cakes, soy sauce and health foods; maltose products for candy, iced products, jams, jelly, sachima, bean fillings, chewing gums, peanut candy and candied fruits; oligosaccharides for lactic acid beverages, sports drinks, low-fat milk, iced products, candies, jams and desserts; maltodextrin for candies, iced products, bakery, biscuits and desserts; non-dairy creamers for coffee, milk tea, instant drinks, bakery and food processing; sorbitol and crystalline dextrose for food fillings, toothpaste, cleaning products, makeup and candy, beverage, bakery applications; super high maltose syrup, isomalto-oligosaccharide syrup and galacto-oligosaccharide syrup; as well as trades tinplate products. Taiwan Fructose operates plants in Taiwan, Thailand through Pure Chem Co., Ltd., the Philippines and a subsidiary in Malaysia producing fructose, sorbitol and dextrose, serving domestic and export markets primarily in Asia. Founded in 1984 and listed on the Taipei Exchange in 2000 under ticker 4207, the company maintains headquarters at 5F., No. 265, Nankan Rd., Luzhu Dist., Taoyuan City, Taiwan. In 2024, Taiwan Fructose achieved consolidated net revenue of NT$5.63 billion, up 5.54% year-over-year, with advancements in research including scaled-up production of IMO90 syrup, process optimization for FOS syrup, outsourced allulose enzyme studies and powder formulations for IMO90 and fructo-oligosaccharides; the firm distributed a cash dividend of NT$1 per share and appointed a new director representative in January 2025 while sustaining operations amid global supply chain challenges.