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    Chemicals: specialty
Mechema Chemicals International Corp.

Mechema Chemicals International Corp.

TTPEX:4721
74.10
TWD
-2.30
(-3.01%)
4.95EPS
18.61P/E
6.91BMarket Cap
Mechema Chemicals International Corp.
TPEX:4721
(Taipei Exchange)

Recent

price

74.10

P/E

ratio

18.61

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
TWD
28
27.37
28.54
28.8
35.53
26.96
31.36
56.37
65.57
44.2
29.8
55.03
70.3
30.89
28.29
33.75
35.14
Revenue per Share
2.65
1.77
0.83
1.08
1.53
1.55
1.89
2.77
3.26
2.92
1.64
4.81
5.09
-0.33
3.36
3.01
4.95
Basic EPS, GAAP
3.6
-0.17
2.68
4.06
1.63
1.85
1.05
-5.48
5.77
5.51
4.83
-4.68
4.11
7.68
3.45
1.5
-3.22
Free Cash Flow per Basic Share
0.56
1.93
1.6
0.8
1.06
1.3
1.4
1.55
2.4
2.8
2.44
1.39
3.8
4.6
1.1
2.36
- -
Dividend per Share
14.28
14.52
13.54
13.85
14.74
14.64
14.65
15.77
16.48
16.42
15.53
18.42
20.02
14.96
17.49
18.08
19.3
Book Value per Share
14.26
14.5
13.52
13.84
14.72
14.62
14.63
15.75
16.46
16.4
15.51
18.4
20
14.94
17.47
18.02
19.24
Tangible Book Value per Share
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
75
Basic Weighted Avg Shares
2,100
2,052
2,140
2,159
2,664
2,022
2,352
4,227
4,917
3,315
2,235
4,126
5,271
2,316
2,122
2,531
2,641
Sales/Revenue/Turnover
9.47
6.23
3.14
2.01
3.21
3.72
5.57
4.81
4.41
6.99
7.05
9.99
6.99
4.8
12.49
11.91
18.31
Operating Margin (%)
68
77
75
80
67
91
65
31
29
26
25
24
26
29
31
55
57
Depreciation Expense
199
133
62
81
114
116
142
208
244
219
123
361
381
-25
252
226
372
Net Income, GAAP
13.67
12.09
20.21
13.97
19.23
21.29
22.73
18.08
18.81
21.1
23.46
21.66
20.77
597.12
11.04
23.87
23.01
Effective Tax Rate (%)
9.47
6.48
2.92
3.76
4.29
5.75
6.02
4.91
4.97
6.6
5.52
8.74
7.23
-1.06
11.87
8.92
14.1
Profit Margin (%)
369
406
351
399
442
574
591
607
678
699
664
873
969
672
868
786
805
Working Capital
100
120
110
50
10
50
- -
- -
2
1
- -
1
- -
- -
- -
- -
2
LT Debt
1,071
1,089
1,015
1,039
1,105
1,098
1,098
1,182
1,236
1,231
1,165
1,381
1,501
1,122
1,311
1,356
1,447
Total Equity
11.14
7.07
3.14
2.32
4.3
3.69
6.56
9.02
8.16
8.99
7.18
17.22
12.35
-29.54
14.31
11.88
16.77
Return on Invested Capital (%)
13.35
8.72
4.08
5.34
7.55
7.59
9.39
11.77
11.87
11.21
7.65
19.75
17.22
-4.59
15.65
12.6
17.92
Return on Capital (%)
19.83
12.32
5.94
7.9
10.67
10.55
12.9
18.21
20.19
17.75
10.29
28.33
26.46
-1.87
20.71
16.92
28.37
Return on Common Equity (%)

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
660
794
1,053
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
2
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
75
75
75
Market Capitalization
5,107
5,287
6,914

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,638
1,883
2,221
Cash, Cash Equivalents & STI
473
506
561
Accounts Receivable, Net
446
672
724
Inventories
620
608
682
Total Current Liabilities
852
1,199
1,416
Payables & Accruals
- -
- -
- -
ST Debt
660
794
1,053
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.88%
4.46%
3.4%
Free Cash Flow
-129.65%
-81.89%
-56.58%
Net Income, GAAP
-101.29%
-208.99%
-10.4%
Sales/Revenue/Turnover
11.44%
13.44%
19.28%
Total Cash Common Dividend
26.69%
37.97%
114.55%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
555
572
481
514
2,122
2025
479
986
548
518
2,531
2026
761
813
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.79
1.45
0.41
0.71
3.36
2025
0.75
0.8
0.55
0.91
3.01
2026
1.67
1.83
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
1.1
2025
- -
- -
- -
- -
2.36
2026
- -
- -
- -
- -
- -
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Business
Mechema Chemicals International Corp. (4721.TWO) manufactures, imports, exports, and sells cobalt and manganese compounds along with related oxidation catalysts and battery materials primarily in Taiwan, China, Korea, Thailand, Malaysia, Indonesia, Japan, Canada, and other international markets. The company offers battery cathode and catalyst materials including sulfate, acetate, and bromide solution molecular cobalt products; nickel molecular and chloride molecular nickel products; cobalt acetate, manganese acetate, cobalt bromide, manganese bromide, cobalt metal, and manganese metal; as well as solid and liquid oxidation catalysts, CTA waste catalyst recovery systems, and PTA mother liquor systems. Founded in 1981 and headquartered in Guanyin District, Taoyuan City, Taiwan, Mechema operates subsidiaries in Thailand, Indonesia, Korea, China (Xiamen and Shangyu), and Malaysia, and engages in catalyst waste recycling and chemical trading within the specialty chemicals sector targeting battery manufacturers and industrial catalyst users. In a significant recent development, Mechema signed a Memorandum of Understanding (MoU) in 2023 with Eurasian Resources Group and Marubeni Corporation to explore cobalt hydroxide supply from the Democratic Republic of Congo, refine it into cobalt sulfate, and develop an alternative supply chain for the Japanese battery market, including a feasibility study for a new refining plant.