1. Cayman Islands Stocks

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    Producer manufacturing

  3. •

    Miscellaneous manufacturing
Polygreen Resources Co., Ltd.

Polygreen Resources Co., Ltd.

TTPEX:8423
17.85
TWD
0.00
(0.00%)
1.07EPS
16.47P/E
738.34MMarket Cap
Polygreen Resources Co., Ltd.
TPEX:8423
(Taipei Exchange)

Recent

price

17.85

P/E

ratio

16.47

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
TWD
7.64
9.11
10.49
11.19
10.35
9.48
7.65
9.09
10.64
10.74
9.19
8.75
10.43
12.09
9.49
9.04
9.47
Revenue per Share
1.03
0.82
1.14
1.06
0.77
0.84
-0.2
0.9
1.42
0.99
0.69
0.58
0.95
0.92
0.6
0.73
1.07
Basic EPS, GAAP
0.37
-0.64
0.88
-3.29
-1.25
-1.12
1.14
2.46
1.17
1.94
1.02
0.94
1.33
-4.93
0.21
-1.23
-1.41
Free Cash Flow per Basic Share
- -
- -
0.23
0.28
0.3
0.31
0.32
0.16
0.33
0.68
0.43
0.3
0.23
0.46
0.4
0.58
- -
Dividend per Share
5.39
6.15
9.28
9.74
10.2
9.65
8.8
9.65
10.78
11.02
11.08
11
11.99
12.19
14.48
14.86
14.81
Book Value per Share
4.87
6.11
8.65
9.1
9.59
9.08
8.78
9.62
10.75
11
11.05
10.98
11.97
12.17
14.46
14.84
14.79
Tangible Book Value per Share
19
27
30
30
30
30
30
31
31
31
31
31
31
27
39
42
42
Basic Weighted Avg Shares
141
247
316
335
309
283
229
280
328
331
283
269
321
325
370
377
395
Sales/Revenue/Turnover
18.41
9.7
14.23
11.84
7.97
8.7
3.83
14.62
15.76
11.34
11.18
8.65
9.25
8.33
9.96
12.11
13.87
Operating Margin (%)
10
17
20
23
25
23
21
22
22
23
23
22
23
22
21
21
21
Depreciation Expense
19
22
34
32
23
25
-6
28
44
31
21
18
29
25
23
30
45
Net Income, GAAP
27.51
18.48
24.76
24.8
22.54
20.19
- -
15.22
14.83
19.73
26.22
26.38
22.5
14.85
33.63
19.44
18.62
Effective Tax Rate (%)
13.46
8.99
10.91
9.5
7.45
8.87
-2.62
9.93
13.37
9.24
7.47
6.67
9.13
7.65
6.32
8.08
11.34
Profit Margin (%)
47
57
84
77
98
94
116
99
111
111
116
109
134
98
186
138
189
Working Capital
15
30
46
144
216
261
221
174
147
130
116
102
91
205
80
91
214
LT Debt
166
189
286
300
314
297
271
297
332
339
341
339
369
375
604
620
618
Total Equity
19.33
9.12
11.38
7.08
3.7
3.44
- -
6.55
8.44
5.79
4.64
3.52
4.74
4.01
3.29
4.1
5.3
Return on Invested Capital (%)
20.85
11.01
12.1
8.14
5.04
4.93
- -
5.95
9.07
6.43
4.61
4.08
6.41
4.88
3.61
4.06
5.81
Return on Capital (%)
22.94
12.48
14.51
10.86
7.51
8.23
-2.11
9.79
13.92
9.11
6.21
5.29
8.29
6.67
4.77
4.98
7.49
Return on Common Equity (%)

Capital Structure

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
162
38
40
LT Borrowings
89
213
211
LT Finance Leases
2
3
3
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
42
42
42
Market Capitalization
751
749
738

Working Capital

TWD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
342
335
318
Cash, Cash Equivalents & STI
238
226
202
Accounts Receivable, Net
56
59
68
Inventories
30
30
28
Total Current Liabilities
204
78
129
Payables & Accruals
- -
- -
- -
ST Debt
162
38
40
Deferred Revenue
- -
- -
- -

Growth Rates

TWD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
8.88%
14.7%
2.64%
Free Cash Flow
-132.11%
-241.39%
-712.68%
Net Income, GAAP
-63.45%
11.47%
30.37%
Sales/Revenue/Turnover
3.8%
6.28%
1.95%
Total Cash Common Dividend
23.5%
20.3%
57.5%

Quarterly Revenue

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
87
92
102
89
370
2025
96
98
87
95
377
2026
99
114
- -
- -
- -

Quarterly Earnings Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.24
0.2
-0.02
0.19
0.6
2025
0.14
0.12
0.22
0.24
0.73
2026
0.26
0.35
- -
- -
- -

Quarterly Dividends Per Share

TWD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
0.01
0.4
2025
- -
- -
- -
- -
0.58
2026
- -
- -
- -
- -
- -
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Business
Polygreen Resources Co., Ltd. (8423.TWO) engages in resource recycling and environmental protection through the manufacturing and sale of reclaimed rubber products; its core offerings include TYREC, a tire-reclaimed rubber used in tires, conveyor belts, inner tubes, ring pads, rubber matting, shoe soles, vibration pads, dock fenders, and other rubber products; BUREC, a butyl-reclaimed rubber applied in butyl inner tubes, tire inner liners, butyl adhesives, and related butyl rubber products; NAREC, a natural inner tube reclaimed rubber for rubber matting, shoe soles, and other rubber items; T-MESH, a tire crumb rubber serving as a compounding substitute in tires, ring pads, and rubber matting; and rubber granules recycled from tire and industrial rubber waste for underlayment in running tracks, children's playgrounds, gyms, and rubber tiles. Founded in 1988 and headquartered in Grand Cayman, Cayman Islands, with operations based in Port Klang, Malaysia, and facilities in Taiwan including Taoyuan County, the company serves tire and conveyor-belt manufacturers across Taiwan, Japan, China, Philippines, Vietnam, Indonesia, the Middle East, Singapore, and other international markets, exporting its products globally through wholly-owned subsidiaries such as Jeng Yuan Reclaimed Rubber Sdn. Bhd., Greencycle Industries Sdn. Bhd., and Vision Tire Corp. Recent developments include the completion of liquidation procedures for subsidiaries Grand Oasis Corp. in June 2024 and PT Polygreen Rubber Indonesia by March 2025, alongside a cash capital increase in early 2024 reserving shares for employee subscription that were granted on January 26, 2024, with 223 thousand shares exercised, and ongoing investments in property, plant, and equipment totaling NT$25 million for the three months ended March 31, 2025 to support production capacity.