1. Taiwan Stocks

  2. •

    Producer manufacturing

  3. •

    Metal fabrication
Mustang Industrial Corp.

Mustang Industrial Corp.

TTPEX:5460
19.30
TWD
-0.90
(-4.46%)
0.17EPS
93.16P/E
922.81MMarket Cap
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
14.97
17.88
16.11
13.47
14.32
12.49
12.57
10.08
8.28
6.57
6.09
4.71
3.97
4.08
Basic EPS, GAAP
0.9
1.5
1.27
0.88
0.56
0.31
0.75
0.02
0.01
-0.34
-0.2
0.22
-0.17
0.17
Free Cash Flow per Basic Share
2.11
1.62
2.3
0.16
0.05
0.35
0.07
1.43
0.48
1.5
1.04
0.46
0.59
0.69
Dividend per Share
0.98
0.86
1.1
0.98
0.8
0.52
0.33
0.55
0.1
- -
- -
- -
- -
- -
Book Value per Share
15.85
16.95
17.02
16.27
15.75
15.47
13.81
13.22
12.66
12.41
12.09
12.51
12.36
12.67
Tangible Book Value per Share
15.83
16.94
17.01
16.24
15.73
15.44
13.79
13.21
12.65
12.4
12.09
12.5
12.35
12.65
Basic Weighted Avg Shares
59
59
59
59
59
69
66
61
60
59
59
59
59
61
Sales/Revenue/Turnover
880
1,051
947
791
842
864
825
617
500
386
358
277
233
247
Operating Margin (%)
6.25
9.31
9.51
7.19
5.75
4.24
9.06
0.55
-0.26
-7.85
-6.78
-2.28
-7.2
-3.03
Depreciation Expense
95
85
91
104
102
105
105
105
95
99
86
49
39
37
Net Income, GAAP
53
88
75
52
33
22
49
1
- -
-20
-12
13
-10
10
Effective Tax Rate (%)
21.95
18.9
23.61
20.6
21.16
46.91
35.84
49.51
88.65
- -
- -
21.9
- -
23.12
Profit Margin (%)
5.98
8.37
7.89
6.55
3.93
2.49
5.95
0.17
0.09
-5.16
-3.35
4.77
-4.39
4.13
Working Capital
598
662
680
636
624
598
491
480
395
430
470
504
511
535
LT Debt
- -
- -
- -
- -
- -
- -
3
2
7
4
2
4
2
2
Total Equity
931
996
1,001
956
926
909
812
777
744
730
711
735
727
744
Return on Invested Capital (%)
4.61
8.16
6.83
4.6
4.05
2.08
5.45
0.22
-0.02
- -
- -
-0.68
- -
-0.8
Return on Capital (%)
5.7
9.13
7.48
5.3
3.52
2.35
5.69
0.14
0.06
- -
- -
1.82
- -
1.42
Return on Common Equity (%)
5.7
9.13
7.48
5.3
3.51
2.35
5.71
0.13
0.06
-2.71
-1.67
1.83
-1.4
1.42

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2
1
1
LT Borrowings
- -
- -
- -
LT Finance Leases
2
2
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
59
59
59
Market Capitalization
926
864
923

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
567
577
586
Cash, Cash Equivalents & STI
506
511
519
Accounts Receivable, Net
37
41
40
Inventories
21
21
24
Total Current Liabilities
56
51
51
Payables & Accruals
- -
- -
- -
ST Debt
2
1
1
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-3.09%
-1.31%
-1.15%
Free Cash Flow
239.22%
15.57%
28.81%
Net Income, GAAP
-509.64%
-1,004.99%
-177.53%
Sales/Revenue/Turnover
-12.45%
-17.48%
-15.68%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
54
81
72
70
277
2025
58
62
57
57
233
2026
70
64
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.02
0.16
-0.02
0.1
0.22
2025
-0.02
-0.23
0.05
0.02
-0.17
2026
0.09
0.01
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

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

Company Description

Company Profile APIChatGPT
CEO
Ting Pan Liu
Full Time Employees
101
Sector
Producer manufacturing
Industry
Metal fabrication
Address
1, Ming An Road New Taipei Taiwan 242
IPO Date
Sep 28, 2000
Website
mustang-group.com
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Business
Mustang Industrial Corp. (5460.TWO) manufactures and sells industrial machinery and equipment, including CNC lathes, milling machines, drilling machines, and grinding machines; provides after-sales services such as maintenance, parts supply, and technical support; and offers customized automation solutions for precision machining. The company operates primarily in Taiwan with export markets across Asia, North America, and Europe, targeting manufacturing sectors like automotive, aerospace, electronics, and medical devices. Founded in 1980 and headquartered in Taichung, Taiwan, Mustang Industrial focuses on high-precision metalworking tools under its Mustang brand, with subsidiaries handling regional sales and service in key markets. In the past two years, Mustang Industrial expanded its product line with the launch of advanced 5-axis CNC machining centers and AI-integrated smart lathes to meet Industry 4.0 demands. The company formed a strategic partnership with a leading Japanese automation firm in 2024 for co-developing robotic arm integrations, enhancing its smart factory offerings. Additionally, Mustang secured a NT$500 million funding round in early 2025 from domestic investors to support factory automation in Southeast Asia and completed the acquisition of a smaller precision toolmaker in Taiwan to bolster its grinding machine portfolio.