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Man Zai Industrial Co., Ltd.

Man Zai Industrial Co., Ltd.

TTPEX:4543
29.15
TWD
-0.15
(-0.51%)
2.53EPS
13.22P/E
2.00BMarket Cap
Man Zai Industrial Co., Ltd.
TPEX:4543
(Taipei Exchange)

Recent

price

29.15

P/E

ratio

13.22

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
TWD
28.42
27.28
24.65
27.55
23.01
18.85
15.72
17.74
15.36
13.71
15.76
16.38
14.21
13.39
13.43
14.69
Revenue per Share
3.11
2.17
2.27
3.26
1.96
1.04
-0.24
1.75
0.31
0.18
0.51
2.37
2.29
2.09
0.53
2.53
Basic EPS, GAAP
3.37
0.78
2.11
3.88
1.2
1.25
0.99
1.74
0.03
-2.9
-1.49
5.35
2.13
1.93
1.19
2.33
Free Cash Flow per Basic Share
0.91
0.87
0.08
0.24
0.91
1.16
0.38
0.29
0.95
0.67
- -
- -
1.14
0.95
1
- -
Dividend per Share
17.11
20.77
23.45
24.16
25.37
25.22
24.64
26.16
25.35
25.11
25.59
27.8
29.05
30.47
30.05
31.2
Book Value per Share
17.04
20.71
23.44
24.16
25.33
25.13
24.61
26.15
25.33
25.1
25.58
27.76
28.94
30.38
29.95
31.11
Tangible Book Value per Share
42
46
54
54
54
59
60
60
60
59
59
59
59
59
60
61
Basic Weighted Avg Shares
1,208
1,256
1,339
1,497
1,250
1,104
937
1,059
918
811
927
964
836
792
803
889
Sales/Revenue/Turnover
13.75
10.2
9.95
14.08
10.09
6.97
3.05
9.81
2.73
3.68
5.3
14.15
16.47
9.14
5.76
10.41
Operating Margin (%)
65
72
78
75
73
83
76
72
76
64
57
56
57
56
52
50
Depreciation Expense
132
100
123
177
106
61
-14
104
18
11
30
140
135
124
32
153
Net Income, GAAP
20.77
25.03
20.48
19.93
23.43
19.76
377.61
19.98
33.82
34.73
28.07
26.88
21.34
21.86
29.91
18.33
Effective Tax Rate (%)
10.93
7.95
9.2
11.85
8.51
5.49
-1.52
9.84
2
1.32
3.23
14.49
16.13
15.6
3.94
17.23
Profit Margin (%)
257
318
403
506
442
550
690
633
632
483
395
592
622
670
670
754
Working Capital
182
232
183
128
46
- -
125
- -
83
211
214
200
212
286
281
275
LT Debt
830
1,007
1,138
1,313
1,378
1,501
1,470
1,557
1,517
1,478
1,506
1,636
1,709
1,821
1,796
1,865
Total Equity
- -
7.25
6.98
9.91
5.71
3.6
-4.46
4.41
0.85
0.99
1.73
4.6
4.77
2.38
1.35
3.13
Return on Invested Capital (%)
- -
8.03
8.54
11.32
6.58
3.66
-1.35
5.82
1.11
0.72
1.66
6.78
6.37
5.61
1.68
6.77
Return on Capital (%)
- -
10.86
11.49
14.47
7.91
4.21
-0.96
6.89
1.19
0.71
2.01
8.89
8.06
7
1.75
8.55
Return on Common Equity (%)

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
279
329
319
LT Borrowings
266
265
262
LT Finance Leases
15
14
13
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
60
60
60
Market Capitalization
1,625
1,822
2,001

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,134
1,248
1,286
Cash, Cash Equivalents & STI
648
694
690
Accounts Receivable, Net
183
253
267
Inventories
235
258
272
Total Current Liabilities
464
537
532
Payables & Accruals
- -
- -
- -
ST Debt
279
329
319
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.78%
4.04%
-1.38%
Free Cash Flow
-971.37%
-122.96%
-37.69%
Net Income, GAAP
-66.25%
92.06%
-74.39%
Sales/Revenue/Turnover
-3.77%
0.22%
1.33%
Total Cash Common Dividend
- -
- -
6.65%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
193
232
182
185
792
2025
176
223
184
219
803
2026
245
241
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.85
0.73
0.12
0.37
2.09
2025
0.3
-0.96
0.57
0.59
0.53
2026
0.76
0.61
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.95
2025
- -
- -
- -
- -
1
2026
- -
- -
- -
- -
- -
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Business
Man Zai Industrial Co., Ltd. delivers a broad range of thermal management and aluminum extrusion solutions to a global clientele. The company is a key supplier of vehicular air conditioning components, offering complete auto air-con modules such as condenser arrays, evaporator units, and heater cores. Its portfolio extends to aluminum radiator systems for engine cooling across diverse applications, including automobiles, motorcycles, ATVs, forklifts, and industrial machinery, encompassing radiator units and oil coolers. Beyond vehicle applications, Man Zai produces advanced thermal-electric cooling modules designed for high-performance electronics, including CPU, VGA, and LED systems, as well as general auto-electric cooling. The firm also fabricates various aluminum extrusion products, which include structural fittings, brackets, piping, and computer heat sinks, alongside a comprehensive selection of air conditioning and refrigeration products for domestic use. Established in 1984, Man Zai Industrial Co., Ltd. is based in Tainan City, Taiwan, and maintains a significant market presence in Asia, Europe, North America, and Oceania, serving both original equipment manufacturers and the automotive aftermarket.